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PT BNI Life Insurance: Annual Report 2017

IM Insights
By IM Insights
5 years ago
PT BNI Life Insurance: Annual Report 2017

Ajr, Amanah, Dinar, Fatwa, Gharar, Halal, Islam, Salah, Salam, Shariah, Sukuk, Takaful, Ulema, Wakalah, Zakat, Credit Risk, Daya, Masih, Participation, Provision, Receivables, Reserves, Sales, Term Insurance

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  1. Sinergi Kokoh Kekuatan Asuransi , Siapkan Masa Depan Terencana Generasi Millenial Indonesia Resilient Insurance Synergy, Preparing The Readiness of Indonesia Millennial Future PT BNI Life Insurance Laporan Tahunan 2017 Annual Report
  2. 2 PT BNI Life Insurance | Laporan Tahunan 2017
  3. Tentang Laporan Tahunan About This Annual Report Selamat datang pada Laporan Tahunan 2017 PT BNI Life Insurance dengan tema Sinergi Kokoh Kekuatan Asuransi , Siapkan Masa Depan Terencana Generasi Millenial Indonesia. Tema tersebut dipilih berdasarkan kajian mendalam berdasarkan fakta dan perkembangan bisnis Perseroan pada 2017 serta masa depan keberlanjutan bisnis Perseroan. Welcome to the 2017 Annual Report of PT BNI Life Insurance with theme of Resilient Insurance Synergy, Preparing The Readiness of Indonesia Millennial Future. The theme was selected by in-depth study based on facts and development of the Company’s business in 2017, including the future sustainability of our business. Tujuan utama penyusunan Laporan Tahunan ini adalah untuk meningkatkan keterbukaan informasi dalam lingkup internal kepada otoritas terkait serta menjadi buku tahunan yang turut membangun rasa bangga dan solidaritas di antara karyawan. The main objective of this Annual Report is to enhance the disclosure of information in the sphere of internal to the relevant authorities as well as a yearbook that also builds the sense of pride and solidarity among employees. Laporan Tahunan 2017 PT BNI Life Insurance diterbitkan sesuai dengan Peraturan Otoritas Jasa Keuangan Nomor 29/POJK.04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik dan Surat Edaran Otoritas Jasa Keuangan Nomor 30/SEOJK.04/2016 Tentang Bentuk Dan Isi Laporan Tahunan Emiten Atau Perusahaan Publik. The 2017 Annual Report of PT BNI Life Insurance was issued in accordance with the Financial Services Authority Regulation Number 29/POJK.04/2016 regarding Annual Report of Issuer or Public Company and Circular Letter of the Financial Services Authority Number 30/SEOJK.04/2016 regarding Form and Content Annual Report of Issuer or Public Company. Penyebutan satuan mata uang “Rupiah”, “Rp” atau IDR merujuk pada mata uang resmi Republik Indonesia, sedangkan “Dolar AS” atau USD merujuk pada mata uang resmi Amerika Serikat. Semua informasi keuangan disajikan dalam mata uang Rupiah sesuai dengan Standar Akuntasi Keuangan Indonesia. The mention of the currency “Rupiah”, “Rp” or IDR are refering to the official currency of the Republic of Indonesia, while “US Dollar” or USD refers to the lawful currency of the United States. All financial information are presented in Rupiah in accordance with Indonesian Financial Accounting Standard. Laporan Tahunan 2017 PT BNI Life Insurance disajikan dalam dua bahasa yaitu Bahasa Indonesia dan Bahasa Inggris dengan menggunakan jenis dan ukuran huruf yang mudah dibaca. Laporan Tahunan ini dapat dibaca dan diunduh di situs resmi BNI Life yaitu www.bni-life. co.id. 2017 Annual Report of PT BNI Life Insurance is presented in two languages, namely Bahasa and English, and uses font type and size that are easy to read. The Annual Report can be read and downloaded at the BNI Life official website www.bni-life.co.id Sanggahan dan Batasan Tanggung Jawab Disclaimer and Limitation of Responsibility Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, proyeksi, rencana, strategi, kebijakan, serta tujuan Perseroan, yang digolongkan sebagai pernyataan ke depan dalam pelaksanaan Perundang-undangan yang berlaku, kecuali hal-hal yang bersifat historis. Pernyataan-pernyataan tersebut memiliki prospek risiko, ketidakpastian, serta dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. This annual report contains financial condition, operation results, projections, plans, strategies, policy, as well as objectives of the Company, which are classified as forward-looking statements in the implementation of applicable laws, excluding historical matters. Such forward-looking statements are subject to known and unknown risks (prospective), uncertainties, and other factors that could cause actual results to differ materially from expected results. Pernyataan-pernyataan prospektif dalam laporan tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini dan kondisi mendatang Perseroan serta lingkungan bisnis di mana Perseroan menjalankan kegiatan usaha. Perseroan tidak menjamin bahwa dokumen-dokumen yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai harapan. Prospective statements in this annual report are prepared based on numerous assumptions concerning current conditions and future events of the Company and the business environment where the Company conducts business. The Company shall has no obligation to guarantee that all the valid documents presented will bring specific results as expected. Laporan tahunan ini memuat kata “BNI Life“ dan “Perseroan” yang didefinisikan sebagai PT BNI Life Insurance yang menjalankan bisnis dalam bidang asuransi. This annual report contains the word “Company” and “BNI Life” that hereinafter referred to PT BNI Life Insurance as a company that runs business in insurance industry. Annual Report 2017 | PT BNI Life Insurance 3
  4. Kesinambungan Tema Theme Continuity 2017 Sinergi Kokoh Kekuatan Asuransi , Siapkan Masa Depan Terencana Generasi Millenial Indonesia Resilient Insurance Synergy, Helping The Readiness of Indonesia Millennial Future Industri asuransi terus mengalami pertumbuhan kinerja yang sangat memuaskan, menunjukkan itu Asuransi semakin diterima oleh masyarakat Indonesia. Sejalan dengan itu, kinerja BNI Life juga terus meningkat dengan baik. Pertumbuhan laba perusahaan yang tumbuh lebih dari 100% pada tahun 2017 menunjukkan kemampuan BNI Life bersaing di industri asuransi nasional. Ke depan, potensi bagi industri asuransi untuk terus berkembang masih sangat terbuka lebar. Namun demikian, tantangan yang dihadapi tidaklah ringan. Salah satunya adalah menggarap pasar masa depan generasi milenial yang memiliki karakteristik yang sangat berbeda. Perseroan telah menyiapkan sejumlah strategi untuk menggarap pasar tersebut, antara lain dengan membangun sistem teknologi informasi yang tangguh dan merancang produk-produk yang sesuai dengan karakter generasi milenial. Di samping itu, Perseroan juga membangun sinergi dengan Grup BNI agar kekuatan Perseroan menjadi lebih baik lagi. Dengan kekuatan sinergi dan pembenahan internal yang terus dilakukan, Perseroan yakin dapat menjadi pilihan bagi generasi millenial yang sekaligus menjamin pertumbuhan berkelanjutan bagi Perseroan. The insurance industry continues to experience a very satisfactory performance growth, showing that insurance is increasingly accepted by the people of Indonesia. In line with that, the performance of BNI Life also continues to increase favorably. The Company's profit growth that grew at more than 100% in 2017 wshowed the BNI Life's capability compete in the national insurance industry. Going forward, the potential for insurance industry for continuous growth is still very wide open. However, challenges are also quite heavy. Among the chellenges is to work on the market in the future as millennial generation has very different characteristic. The Company has prepared numbers of strategies to work on this market, among others are by building a robust information technology system and designing products that best suit the character of millennial generation. In addition, the Company also forms synergy with BNI Group to strengthen the it's strength. With strong of synergy and continuous internal reform, the Company believe on its ability to become the option for millenn ial generation while ensuring sustainable growth for the Company. 2016 Semangat Langkah Baru Wujudkan Pertumbuhan Berkesinambungan Memenangkan Industri Asuransi Indonesia The Spirit of a New Step To Achieve Sustainable Growth And Triumph Indonesian Insurance Industry BNI Life berhasil tumbuh di tengah persaingan industri asuransi di Indonesia yang semakin ketat. BNI Life telah menetapkan strategi bisnis melalui 4 (empat) saluran distribusi. BNI Life juga terus melakukan peningkatan pelayanan terhadap nasabah dengan memberikan pelayanan yang maksimal. Melalui semangat baru, BNI Life semakin yakin dalam menatap masa depan yang lebih cerah. BNI Life managed to grow in the increasingly fierce competition of insurance industry in Indonesia. BNI Life has set the business strategy through 4 (four) distribution channels. BNI Life also continued to improve services to clients by providing maximum service. Through the new spirit, BNI Life is more confident in looking to a brighter future. 4 PT BNI Life Insurance | Laporan Tahunan 2017
  5. Kesinambungan Tema Theme Continuity 2015 Elevating the Journey of Life Pengalaman di industri asuransi selama 18 tahun , membuat BNI Life semakin meneguhkan komitmennya untuk memberikan nilai tambah pada setiap sisi kehidupan nasabah. BNI Life berupaya untuk terus meningkatkan kemampuan layanan yang lebih profesional kepada nasabah. Peningkatan layanan didasarkan untuk kepentingan nasabah dengan harapan perjalanan kehidupan nasabah bersama-sama dengan BNI Life dapat menuju ke arah perubahan yang lebih baik. Having solid experiences in the insurance industry for 18 years, BNI Life continues to reinforce its commitment to provide added value on every side of customer life. BNI Life strives to continuously improve the capability of more professional service to customers. Improved customer service was based on the interest of customers, with the hope that customer’s life journey together with BNI Life may be headed toward a better change. 2014 Membangun Inovasi Nilai untuk Kepuasan Nasabah Building Value Innovation towards Customer Satisfaction BNI Life terus melangkah sesuai dengan road map perusahaan untuk menjadi ‘brand champion’ di tahun 2015. Di tahun 2014, BNI Life melakukan serangkaian inisiatif strategis yang bertujuan untuk memenangkan kompetisi dengan berinovasi mengembangkan nilai-nilai yang menjadi kekuatan perusahaan, yang pada akhirnya akan berwujud pada kepuasan nasabah serta kinerja keuangan yang prima. BNI Life continues to move forward in accordance with the Company’s roadmap to become a ‘brand champion’ in 2015. In 2014, BNI Life undertook a series of strategic initiatives aimed at winning the competition through innovation and develop values which is the strength of the Company, which will ultimately manifested in customer satisfaction and financial performance excellence. 2013 Meningkatkan Akselerasi Perusahaan Menuju Pencapaian Yang Tertinggi Increasing Company’s Acceleration To Achieve The Highest Berbagai inisiatif strategis BNI Life telah direalisasikan guna mempertahankan pertumbuhan yang berkesinambungan di masa yang akan datang, serta berdampak pada perbaikan kinerja perusahaan, baik dari sisi finansial maupun non finansial. Harapannya, akselerasi perusahaan ini dapat mewujudkan pencapaian performa tertinggi. BNI Life has undertaken various strategic initiatives in order to maintain sustainable growth in the future, with impacts on the improvement of the Company’s financial and non-financial performance. Hopefully, the Company’s acceleration can embody the achievement of highest performance. Annual Report 2017 | PT BNI Life Insurance 5
  6. Penghargaan dan Sertifikasi Awards and Certifications KINERJA KEUANGAN //FINANCIAL PERFORMA The Best Life Insurance Investor Award Best Insurance 2017 Life insurance company with asset Rp1 trillion – 15 trillion Majalah Investor /Magazine Investor Contact Center Service - Excellence Award 2017 Exceptional Call Center Service 6 PT BNI Life Insurance | Laporan Tahunan 2017 INOVASI LAYANAN NASABAH/CUSTOMER SERVICE INNOVATION Contact Center Service - Excellence Award 2017 Exceptional Email Center Service The Best Contact Center Indonesia 2017 Indonesia Contact Center Association Platinum - The Best Employee Engagement
  7. Penghargaan dan Sertifikasi Awards and Certifications The Best Contact Center Indonesia 2017 Indonesia Contact Center Association Gold - The Best People Development Indonesia World Record Museum Award (MURI) First Hospital VIP Lounge Managed by Life Insurance Company INOVASI PRODUK/PRODUCT INNOVATION Indonesia Insurance Consumer Choice Awards 2017 Warta Ekonomi Top 5 Best Consumer Service For Life Insurance Company Indonesia Insurance Consumer Choice Awards 2017 Warta Ekonomi Top 5 Best Consumer Choice Insurance Company category Education Plan Insurance Annual Report 2017 | PT BNI Life Insurance 7
  8. Penghargaan dan Sertifikasi Awards and Certifications INOVASI PEMASARAN /MARKETING INNOVATION 8 KINERJA SYARIAH/SHARIA PERFORMANCE 5th BUMN Award 2017 Silver Winner – Corporate Branding Brand Communication Category Indonesia Sharia Finance Award 2017 Warta Ekonomi Magazine Best Digital Life Insurance Indonesia Sharia Finance Award 2017 Warta Ekonomi Magazine Best Sharia Unit Life Insurance Indonesia Sharia Finance Award 2017 Warta Ekonomi Magazine Best Service Life Insurance PT BNI Life Insurance | Laporan Tahunan 2017
  9. Penghargaan dan Sertifikasi Awards and Certifications The Best Syariah life Insurance 2017 Best Syariah 2017 Sharia Insurance company with asset over than Rp200 billion Majalah /magazine Investor Karim Award 2017 Sharia Insurance company with asset Rp250 – 700 billion The Best Islamic Life Insurance The Most Expanding Contribution Islamic Life Insurance Annual Report 2017 | PT BNI Life Insurance 9
  10. Daftar Isi Table of Contents Tentang Laporan Tahunan About This Annual Report 3 Sanggahan dan Batasan Tanggung Jawab Disclaimer and Limitation of Responsibility 56 4 Data Perusahaan Company Data Kesinambungan Tema Theme Continuity 57 6 Sekilas BNI Life BNI Life at a Glance Penghargaan dan Sertifikasi Awards and Certifications 58 10 Jejak Langkah BNI Life BNI Life Milestones Daftar Isi Table of Contents 60 Makna Logo BNI Life The Meaning of BNI Life Logo 61 Bidang Usaha BNI Life BNI Life Business Field 63 Visi , Misi dan Nilai Perusahaan Company Vision, Mission, and Value 68 Budaya Perusahaan Corporate Culture 70 Struktur Organisasi Organization Structure Management Report 72 Profil Dewan Komisaris Board of Commissioners Profile 26 Laporan Direksi Board of Directors Report 76 Profil Direksi Board of Directors’ Profiles 36 Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report 80 Profil Dewan Pengawas Syariah Sharia Supervisory Board Profiles 44 Laporan Dewan Komisaris Board of Commissioners Report 83 Pejabat Senior Senior Executives 52 Pernyataan Dewan Komisaris dan Direksi Tentang Tanggung Jawab atas Laporan Tahunan 2017 PT BNI Life Insurance Responsibility Statement of The Board of Commissioners and Board of Directors for 2017 Annual Report of PT BNI Life Insurance 83 Kepala Divisi Head of Division 86 Komposisi Pemegang Saham Bni Life Composition of Shareholders of BNI LIFE 88 Profil Pemegang Saham Shareholder Profiles 92 Nama dan Alamat Lembaga Penunjang BNI Life Name and Address of BNI Life Institution Supporting Ikhtisar Kinerja Performance Highlight 14 Ikhtisar Keuangan Financial Highlight 18 Ikhtisar Operasional Operational Highlight Laporan Manajemen 10 Profil Perusahaan 3 PT BNI Life Insurance | Laporan Tahunan 2017 Company Profile
  11. Daftar Isi Table of Contents 92 Informasi Website BNI Life Company ’s Website Information 284 Manajemen Risiko Risk Management 93 Program Pengembangan Kompetensi Anggota Dewan Komisaris, Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head 296 Sistem Manajemen Risiko Risk Management System 297 Fungsi Kepatuhan Compliance Function 311 Sistem Pengendalian Internal Internal Control System 311 Perkara Penting Litigation Fungsi Penunjang Bisnis 312 Akses Informasi dan Data Perseroan Access to Company Information and Data 108 Sumber Daya Manusia Human Resources 319 Kode Etik Perseroan Corporate Code Of Conduct 128 Teknologi Informasi Information Technology 322 Sistem Pelaporan Pelanggaran Whistleblowing System 98 Wilayah Operasional Perusahaan Company Operational Network Business Support Function Analisis & Pembahasan Manajemen Tanggung Jawab Sosial Perusahaan 136 Tinjauan Industri Industry Review 326 138 Tinjauan Bisnis Business Review 156 Tinjauan Keuangan Financial Review Management Discussion & Analysis Corporate Social Responsibility Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Laporan Keuangan Financial Report 485 INDEKS BAPEPAM LK X.K.6 DAN ARA Cross Reference of Bapepam-LK Regulation No X.K.6 Tata Kelola Perusahaan Good Corporate Governance 182 Tata Kelola Perusahaan Good Corporate Governance 186 Peningkatan Kualitas Penerapan Gcg Quality Improvement of Gcg Implementation Annual Report 2017 | PT BNI Life Insurance 11
  12. Ikhtisar Kinerja Performance Highlight
  14. Ikhtisar Kinerja 2017 Ikhtisar Keuangan Ikhtisar Keuangan Financial Highlight Financial Highlight LAPORAN POSISI KEUANGAN KONSOLIDASIAN dalam jutaan Rupiah CONSOLIDATED STATEMENT OF FINANCIAL POSITION Uraian Description in million Rupiah 2013 2014 2015 2016 2017 ASET ASSETS Kas dan Kas pada Bank Cash and Cash in Banks 664 .377 1.168.271 113.512 261.473 279.269 Piutang Premi Premium Receivables 29.551 22.065 26.448 52.286 130.498 Piutang Hasil Investasi Investment Income Receivables 17.201 28.045 78.139 161.847 121.713 Piutang Reasuransi Reinsurance Receivables 21.302 31.798 17.387 19.434 20.259 Aset Reasuransi Reinsurance Assets 64.419 30.433 37.937 53.770 55.008 3.048.609 5.630.313 8.447.157 11.304.931 14.566.378  682 598 733 876 805 Piutang Lain-lain – Neto Other Receivables – Net 13.963 11.057 15.963 103.955 97.908 Beban Dibayar Dimuka Prepaid Expenses 10.747 14.627 28.667 29.613 15.027 Aset Tetap – Neto Fixed Assets – Net 47.615 53.450 105.274 112.105 112.114 Aset Pajak Tangguhan – Neto Deferred Tax Assets – Net 22.652 28.695 35.323 44.053 33.688 8.075 1.065.854 1.009.222 935.720 871.371 3.949.193 8.085.206 9.915.762 13.080.063 16.304.038 Utang Klaim Claim Payables  5.741 7.576  4.028 6.121 18.261 Utang Reasuransi Reinsurance Payables 24.881 31.318 13.941 26.428 17.373 Utang Komisi Commission Payables 8.724 14.266 19.579 23.927 30.825 Utang Pajak Tax Payables 1.343 1.297 1.709 1.933 2.694 Titipan Premi Premium Deposits 28.954 28.079 32.948 48.753 78.276 Utang Lain-lain Other Payables 11.544 8.131 17.557 22.221 95.423 Akrual Accrued Expenses 12.771 20.916 37.522 62.322 61.457 5.559 10.396 12.813 12.369 6.544 2.713.809 3.165.428 4.795.096 7.762.015 10.290.260 47.451 60.225 91.230 124.073 103.976 Setoran Modal Paid up Capital 630.000 - -  -  - Total Liabilitas Total Liabilities 3.490.777 3.347.632 5.026.423 8.090.162 10.705.089 58.492 67.032 66.248 83.427 247.042 Modal Saham Share Capital 180.419 300.699 300.699 300.699 300.699 Tambahan Modal Disetor Additional Paid-in Capital 139.569 4.157.813 4.157.813 4.157.813 4.157.813 Investasi Investments Pinjaman Pemegang Polis Loan to Policyholders Aset Lain-lain – Neto Other Assets – Net Total Aset Total Assets LIABILITAS DAN DANA PESERTA LIABILITIES AND PARTICIPANTS FUND Utang Sewa Pembiayaan Obligations Under Finance Lease Liabilitas Kepada Pemegang Polis Liabilities to Policyholders Liabilitas Imbalan Kerja Employee Benefits Liability Dana Peserta Participants’ Fund EKUITAS  EQUITY 14 PT BNI Life Insurance | Laporan Tahunan 2017
  15. LAPORAN POSISI KEUANGAN KONSOLIDASIAN dalam jutaan Rupiah CONSOLIDATED STATEMENT OF FINANCIAL POSITION Uraian Description in million Rupiah 2013 Kerugian Yang Belum Direalisasi Atas Efek-efek Tersedia Untuk Dijual Unrealized Gain (Loss) on Available-for-Sales Marketable Securities 2014 2015 2016 2017 (8.187) (4.871) (7.099) (49.456) 63.582 Cadangan Revaluasi Aset Assets Revaluation Reserve -  - 36.560 32.996 32.996 Pengukuran Kembali Imbalan Pasca Kerja Remeasurement of Post Employee Benefit - - (3.190) (9.824) 12.912 88.123 216.901 338.308 474.246 783.905 399.924 4.670.542 4.823.091 4.906.474 5.351.907 3.949.193 8.085.206 9.915.762 13.080.063 16.304.038 Saldo Laba Retained Earnings Total Ekuitas Total Equity Total Liabilitas, Dana Peserta dan Ekuitas Total Liabilities, Participants’ Fund, and Equity LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Uraian Description 2013 dalam jutaan Rupiah in million Rupiah 2014 2015 2016 2017 Total Pendapatan Total Income 1.662.324 1.950.148 3.644.315 5.721.415 6.987.785 Total Beban Total Expenses 1.606.615 1.827.413 3.489.840 5.549.709 6.619.398 55.709 122.735 154.475 171.706 368.387 8.087 6.043 5.565 12.244 6.517 Laba Tahun Berjalan Income for the Year 63.796 128.778 160.040 183.950 374.904 Total Penghasilan Komprehensif Tahun Berjalan Total Comprehensive Income for the Year 51.617 132.094 191.182 131.395 510.678 Laba Sebelum Manfaat Pajak Penghasilan Income Before Income Tax Benefits Manfaat Pajak Penghasilan – Neto Income Tax Benefit – Net LAPORAN ARUS KAS KONSOLIDASIAN dalam jutaan Rupiah CONSOLIDATED STATEMENT OF CASH FLOWS Uraian Description Kas Bersih Diperoleh dari Aktivitas Operasi Net Cash Provided from Operating Activities in million Rupiah 2013 2014 2015 2016 2017 385.328 217.468 1.567.026 2.207.577 1.926.921 (378.025) (3.222.178) (2.586.761) (2.011.263) (1.854.045) Kas Bersih (Digunakan untuk)/Diperoleh dari Aktivitas Pendanaan Net Cash (Used in)/Provided from Financing Activities 630.000 3.508.524 (38.633) (48.012) (55.186) Kenaikan (Penurunan) Bersih Kas dan Kas pada Bank Net Increase (Decrease) in Cash and Cash in Banks 637.303 503.814 (1.058.368) 148.302 17.690 577 80 3.609 (341) 106 26.497 664.377 1.168.271 113.512 261.473 664.377 1.168.271 113.512 261.473 279.269 Kas Bersih Digunakan untuk Aktivitas Investasi Net Cash Used in Investing Activities Dampak Bersih Perubahan Nilai Tukar atas Kas dan Kas pada Bank Net Effect of Changes in Exchange Rates in Cash and Cash in Banks Kas dan Kas pada Bank Awal Tahun Cash and Cash in Banks at the Beginning of the Year Kas dan Kas pada Bank Akhir Tahun Cash and Cash in Banks at the End of the Year Performance Highlights 2017 Ikhtisar Keuangan Financial Highlight Annual Report 2017 | PT BNI Life Insurance 15
  16. Ikhtisar Kinerja 2017 Ikhtisar Keuangan Financial Highlight Total Aset Investasi Total Assets 3 .949 8.085 9.916 2013 2014 2015 Investments 13.080 16.304 3.049 5.630 8.447 2016 2017 2013 2014 2015 Total Ekuitas 4.823 2013 2014 2015 4.906 5.352 1.662 1.950 3.644 2016 2017 2013 2014 2015 2013 2014 2015 PT BNI Life Insurance | Laporan Tahunan 2017 2016 2017 Income for the Year 172 368 64 129 160 2016 2017 2013 2014 2015 dalam jutaan rupiah | in million rupiah 16 6.988 Laba Tahun Berjalan Income before Income Tax Benefit 154 5.721 dalam jutaan rupiah | in million rupiah Laba Sebelum Manfaat Pajak Penghasilan 123 2017 Total Income dalam jutaan rupiah | in million rupiah 56 2016 Total Pendapatan Total Equity 4.671 14.566 dalam jutaan rupiah | in million rupiah dalam jutaan rupiah | in million rupiah 400 11.305 184 375 2016 2017 dalam jutaan rupiah | in million rupiah
  17. RASIO-RASIO dalam % RATIOS in % Uraian Description Tingkat Pengembalian Ekuitas (ROE) Return of Equity (ROE) Tingkat Pengembalian Aset (ROA) Return of Assets (ROA) 2013 2014 2015 Performance Highlights 2017 Ikhtisar Keuangan Financial Highlight 2017 2016 17,05 5,08 3,37 3,78 7,31  1,89 2,14 1,78 1,60 2,55  Rasio Solvabilitas Solvency Ratio 242,22 2.413,20 1.718,28 1.124,24 776,56 Rasio Likuiditas Liquidity Ratio 177,53 928,15 1.026,97 846,36 807, 09 Rasio Kecukupan Investasi Investment Adequacy Ratio 165,71 388,25 380,23 225,36 181,18 Rasio Perimbangan Hasil Investasi dengan Pendapatan Premi Neto Balance Ratio of Investment Income with Net Premiun Income 4,55 19,96 30,39 17,64 18,36 Rasio Beban Klaim, Beban Usaha dan Komisi Claim Expenses, Operating Expenses and Commissions Ratio 77,05 129,15 123,55 114,24 107,57 Annual Report 2017 | PT BNI Life Insurance 17
  18. Ikhtisar Kinerja 2017 Ikhtisar Operasional Ikhtisar Operasional Operational Highlight Operational Highlight Jumlah Agen dan Polis Segmen Agency Jumlah Polis dan Peserta Bancassurance Number of Agents and Number of Policy for Agency Segment 10 .591 2.470 14.972 2015 2.758 2.643 2016 Number of Policy and Bancasurrance Participants 2.643 220.306 506.986 Agen Agent Peserta Participant 2015 2017 3.074 86 124 279.783 1035.055 Polis Policy 2016 2017 Jumlah Peserta Number of Participant Number of Sales Force 2.632 628.398 Polis Policy Jumlah Tenaga Pemasar 220.306 506.986 506.986 506.986 367.579 2.643 2620 103 276.254 1189.133 187 352.303 1449.552 425.486 1763.594 Individu Individual Kumpulan Group 2015 Agency 2016 Bancassurance 2015 2017 Employee Benefit 2016 2017 Syariah Jumlah Karyawan Number of Employees 1.060 2015 18 PT BNI Life Insurance | Laporan Tahunan 2017 1.228 2016 1.275 2017
  19. IKHTISAR SAHAM SHARES HIGHLIGHTS Sampai dengan akhir tahun 2017 , BNI Life belum mencatatkan saham di Bursa Efek Indonesia, sehingga tidak terdapat informasi terkait dengan jumlah saham yang beredar, kapitalisasi pasar, harga saham tertinggi, harga saham terendah dan harga saham penutupan serta volume saham yang diperdagangkan. As of the end of 2017, BNI Life has not yet listed being in the Indonesia Stock Exchange, so there are no information related to the number of shares outstanding, market capitalization, the highest stock price, lowest stock price, closing stock price and volume of shares traded. IKHTISAR EFEK LAINNYA SECURITIES HIGHLIGHTS Sampai dengan akhir tahun 2017, BNI Life tidak menerbitkan obligasi, sukuk dan obligasi konversi sehingga tidak ada informasi terkait dengan jumlah obligasi/sukuk/obligasi konversi yang beredar, tingkat bunga/imbalan, tanggal jatuh tempo dan peringkat obligasi/sukuk. As of the end of 2017, BNI Life did not issue bonds, sukuk and convertible bonds, so there are no information related to the number of bonds/sukuk/ convertible bonds outstanding, the interest rate/yield, maturity date and ratings of bonds/sukuk. PERISTIWA PENTING EVENT HIGHLIGHTS Performance Highlights 2017 Ikhtisar Operasional Operational Highlight 6 Januari 2017/January 6, 2017 Peresmian BNI Life VIP Lounge di RS Pusat Pertamina Jakarta Peresmian lounge untuk pasien VIP BNI Life di RS Pusat Pertamina Jakarta Inauguration of BNI Life VIP Lounge at Pertamina Jakarta Central Hospital The inauguration of lounge for BNI Life VIP patients at Pertamina Jakarta Central Hospital 5 Februari 2017/February 5, 2017 Provider Gathering Jakarta Sentul, Bogor Acara gathering dengan perwakilan RS rekanan di wilayah Jakarta. Acara ini bertujuan untuk mempererat hubungan antara BNI Life dengan penyedia layanan kesehatan rekanan demi meningkatkan kepuasan nasabah. Provider Gathering Jakarta Sentul, Bogor This event aims to strengthen the relationship between BNI Life and provider of healthcare services to improve customer satisfaction. 26 April 2017/April 26, 2017 Kick Off Unit Syariah Gedung BNI Life, Jl Aipda KS Tubun No 67, Jakarta Pusat Accelerate to Growth Acara peluncuran rencana dan target kerja Unit Syariah BNI Life di tahun 2017 Kick Off Sharia Unit BNI Life Building, Jl Aipda KS Tubun No. 67, Central Jakarta Accelerate to Growth Launching the work plan and targets of BNI Life Sharia in 2017 event. Annual Report 2017 | PT BNI Life Insurance 19
  20. Ikhtisar Kinerja 2017 Ikhtisar Operasional Operational Highlight 12 Juni 2017 /June 12, 2017 Relokasi Kantor Pusat BNI Life Sehubungan dengan makin berkembangnya bisnis dan sumber daya manusia, BNI Life merelokasi kantor pusatnya dari Landmark Tower Jl. Jend. Sudirman kav. 1 ke Centennial Tower Jl. Jend. Gatot Subroto kav. 24-25 pada tanggal 12 Juni 2017 dengan total luasan 8.418 m2 yang terdiri dari 3 lantai yaitu lantai 9, 10 dan 11. Relocation of BNI Life Head Office In connection with the growing business and human resources, BNI Life relocated its head office from Landmark Tower Jl. Jend. Sudirman kav. 1 to Centennial Tower Jl. Jend. Gatot Subroto kav. 24-25 on June 12, 2017 with a total area of 8,418 m2 consisting of 3 floors i.e. the 9, 10 and 11 floor. 21-23 Juni 2017/June 21-23, 2017 Dukungan BNI Life dalam Program BNI Mudik BNI Life melindungi peserta program BNI Mudik dengan asuransi kecelakaan diri. Pelepasan peserta BNI Mudik dilakukan di Taman Mini Indonesia Indah, Jakarta BNI Life’s support in BNI Mudik Program BNI Life protected participants of BNI Mudik program with personal accident insurance. The release of BNI Mudik participants was conducted at Taman Mini Indonesia Indah, Jakarta 6 Juli 2017/July 6, 2017 Penandatanganan Perjanjian Kerja Sama dengan Permodalan Nasional Mandiri Gedung Arthaloka Penyedian produk asuransi Optima Group Health Syariah bagi karyawan Permodalan Nasional Mandiri Signing of Cooperation Agreement with Permodalan Nasional Mandiri Gedung Arthaloka Provider of Optima Group Health Syariah insurance products for employees of Permodalan Nasional Mandiri 24 Juli 2017/July 24, 2017 BNI Day (HUT BNI ke-70) Area Car Free Day Jl Jend Sudirman – MH Thamrin. Peringatan HUT BNI ke-70 berupa acara fun walk dan hiburan. BNI Life berpartisipasi mengirimkan tim gerak jalan yang memakai berbagai atribut untuk memeriahkan acara. BNI Day (70th Anniversary of BNI) Car Free Day Area at Jl Jend Sudirman - MH Thamrin. Commemoration of the 70th anniversary of BNI in the form of fun walk and entertainment. BNI Life participated by sending a team of hikers using various attributes to enliven the event. 20 PT BNI Life Insurance | Laporan Tahunan 2017
  21. Performance Highlights 2017 Ikhtisar Operasional Operational Highlight 16 September 2017 /September 16, 2017 Program Berbagi Bekal Sehat & Keuangan Desa Kosambi, Anyer, Banten Memberikan bantuan kepada warga di lokasi CSR untuk mewujudkan desa yang bersih dan rapi dalam bentuk bahan bangunan dan pengerjaan yang dilakukan langsung oleh pegawai BNI Life Sharing Healthy Packed Meal & Finance Program Kosambi Village, Anyer, Banten Provide donation to residents in CSR location to create clean and neat village in the form of construction materials and workmanship done directly by employees of BNI Life. 24 September 2017/September 24, 2017 Kampanye Berbagi Bekal Sehat Acara kampanye Berbagi Bekal Sehat diikuti seluruh karyawan BNI Life di area Car Free Day Jakarta yang diisi dengan fun walk, sehat bersama, cek kesehatan gratis, booth produk, cooking class dll. Healthy Packed Meal Sharing Campaign Healthy Packed Meal Sharing (Berbagi Bekal Sehat) campaign event followed by all employees of BNI Life in the area of Car Free Day Jakarta, with activities such as fun walk, healthy together, free health check, product booth, cooking class etc. 27 September 2017/September 27, 2017 Peresmian Kantor Layanan Nasabah Jakarta – The Landmark Center Acara peresmian Kantor Layanan Nasabah yang berada di The Landmark Center, Jakarta Inauguration of Customer Service Office Jakarta - The Landmark Center Inauguration of Customer Service Office located at the Landmark Center, Jakarta Annual Report 2017 | PT BNI Life Insurance 21
  22. Ikhtisar Kinerja 2017 Ikhtisar Operasional Operational Highlight 27 September 2017 /September 27, 2017 Sharia Bancassurance In Branch – Business Commitment Launching 2017 Double Tree, Jakarta Peluncuran kerja sama pemasaran asuransi jiwa syariah bancassurance in branch antara Unit Syariah BNI Life dan BNI Syariah Dihadiri oleh Geger N. Maulana (Plt Direktur Utama BNI Life) dan Abdullah Firman Wibowo (Direktur Utama BNI Syariah) Sharia Bancassurance In Branch - Business Commitment Launching 2017 Double Tree, Jakarta Launching of bancassurance in branch Sharia life insurance marketing cooperation between BNI Life Syariah Unit and BNI Syariah. Attended by Geger N. Maulana (Acting President Director of BNI Life) and Abdullah Firman Wibowo (President Director of BNI Syariah) 30 September 2017/September 30, 2017 Kampanye Berbagi Bekal Sehat RS Premier Bintaro Acara untuk komunitas RS Premier Bintaro berupa dongeng untuk anak, lomba lukis anak dan talk show pentingnya bekal sehat Healthy Packed Meal Sharing (Berbagi Bekal Sehat) Campaign Premier Bintaro Hospital Event for Premier Bintaro Hospital community in the form of reading fairy tale for children, children paint competition and talk show of the importance of healthy packed meal 17 November 2017/November 17, 2017 Priority Customer Gathering Spiritual Investment Hasanah Way Mengundang nasabah prioritas BNI Syariah untuk mendapatkan informasi mengenai produk- produk asuransi jiwa syariah BNI Life dihadiri oleh Geger N. Maulana (Plt Direktur Utama BNI Life) dan Abdullah Firman Wibowo (Direktur Utama BNI Syariah), beserta jajaran BNI Syariah Priority Customer Gathering Spiritual Investment Hasanah Way Invited priority customers of BNI Syariah to obtain information about sharia life insurance products of BNI Life. Attended by Geger N. Maulana (Acting President Director of BNI Life) and Abdullah Firman Wibowo (President Director of BNI Syariah), with BNI Syariah management 27 November 2017/November 27, 2017 Peluncuran Aplikasi e-Auction Sistem penawaran secara elektronik untuk pengadaan barang/jasa antar perusahaan-perusahaan yang mengikuti proses bidding. Launching of e-Auction Application Electronic system for procurement of goods/services between companies following the bidding process. 22 PT BNI Life Insurance | Laporan Tahunan 2017
  23. 28 November 2017 /November 28, 2017 Peringatan HUT ke-21 Acara peringatan ulang tahun BNI Life ke-21 yang dipusatkan di kantor pusat BNI Life, Centennial Tower, Jakarta. Terdiri dari talkshow, Perjalanan ke- 21 BNI Life, pameran, pemberian penghargaan kepada nasabah, penyerahan penghargaan dari MURI dll. 21st Anniversary The 21 st anniversary of BNI Life at BNI Life heaf office, Centennial Tower, Jakarta. With activities such as talkshow, 21 Journey of BNI Life, Exhibition, awards for customers, award from MURI etc. Performance Highlights 2017 Ikhtisar Operasional Operational Highlight 30 November 2017/November 30, 2017 Kunjungan CEO Sumitomo Life Kunjungan CEO Sumitomo Life Jepang, Masahiro Hashimoto sekaligus mengadakan meeting dengan Direksi dan Dewan Komisaris BNI Life. The visit of CEO of Sumitomo Life The visit of CEO of Sumitomo Life Japan, Masahiro Hashimoto, at once held a meeting with Board of Directors and Board of Commissioners of BNI Life. 29 November 2017/November 29, 2017 Apresiasi BNI Life untuk Atlet Senior pada Acara Official Prestige Digital Banking Partner BNI Digisport “Celebrtaion Heroes” Salah satu bentuk dukungan BNI LIfe terhadap pengembangan olah raga nasional. Termasuk dalam rangkaian acara peluncuran Tap Cash edisi Asian Games. Pemberian Polis HyEnd Pro untuk 5 Pahlawan Olahraga Legendaris yakni Ellyas Pical Juara 3 kali IBF Super Flyweight Champion (1985-1989), Junaidi Abdillah (legenda pemain bola di Olimpiade Munich 1972, Tati Sumirah (peraih Piala Uber Pertama untuk Indonesia Tahun 1975), Lelly Sampoerno (Penembak Putri Indonesia peraih 8 medali Emas South East Asia Shooting Association (SEASA tahun 1968 – 1983), serta Yustedjo Tarik (Petenis Juara I Davis Cup tahun 1982). Appreciation BNI Life for Senior Athletes on Official Prestige Digital Banking Partner BNI Digisport “Celebrtaion Heroes” Event One form of BNI Life’s support for the development of national sport. Included in the series of launch events of Tap Cash Asian Games edition Granted of HyEnd Pro Policy for 5 Legendary Sports Heroes Ellyas Pical 3 times IBF Super Flyweight Champion (1985-1989), Junaidi Abdillah (football legend at the 1972 Munich Olympics, Tati Sumirah (First Uber Cup Winner for Indonesia in 1975), Lelly Sampoerno (Indonesian Princess Shooter who won 8 Gold Medal of Asia East Shooting Association (SEASA 1968 - 1983), and Yustedjo Tarik (Tennis Champion I Davis Cup 1982). Annual Report 2017 | PT BNI Life Insurance 23
  24. Laporan Manajemen Management Report
  26. Laporan Manajemen Laporan Direksi Laporan Direksi Board of Directors Report Board of Directors Report Geger N . Maulana Wakil Direktur Utama (PLT Direktur Utama) Vice President Director (Acting President Director) 26 PT BNI Life Insurance | Laporan Tahunan 2017
  27. Para Pemegang Saham dan Pemangku Kepentingan yang Terhormat , Dear Honorable Shareholders and Stakeholders, Kondisi ekonomi Indonesia terus menunjukan pergerakan yang menggembirakan. Tahun 2017, ekonomi Indonesia kembali mengalami pertumbuhan yang positif dengan pertumbuhan sebesar 5,06% atau lebih tinggi dibandingkan pertumbuhan ekonomi tahun sebelumnya sebesar 5,02%. Membaiknya pertumbuhan ekonomi didorong oleh meningkatnya kinerja ekspor dan investasi. Indonesia's economic conditions continue to show an encouraging movement. By 2017, the Indonesian economy has again experienced a positive growth at 5.06%, higher compared to the previous year of 5.02%. Improved economic growth was driven by export and investment increased performance. Tahun 2017, peringkat utang negara Indonesia sudah masuk kategori layak investasi oleh ketiga lembaga pemeringkat internasional setelah Standard & Poor’s (S&P) menaikan peringkat utang negara Indonesia menjadi BBB- dengan outlook stabil, menyusul perbaikan peringkat yang sebelumnya telah diberikan oleh lembaga pemeringkat Moody’s dan Fitch. Hal tersebut berdampak sangat signifikan dengan realisasi investasi yang tumbuh meningkat mencapai level tertinggi sejak 2013. In 2017, Indonesia's sovereign debt rating was categorized as worthy of investment by the three international rating agencies after Standard & Poor's (S & P) upgraded Indonesia's sovereign debt to BBB- with a stable outlook, following the improved rating previously awarded by rating agencies Moody's and Fitch. This has a very significant impact with investment realization that reached the highest level since 2013. Tingkat inflasi tahun 2017 juga terkendali pada level yang cukup rendah, yaitu 3,61% sehingga mampu menopang pertumbuhan konsumsi rumah tangga. Kinerja intermediasi lembaga jasa keuangan masih moderat, ini dipengaruhi konsolidasi internal lembaga jasa keuangan, pergerakan harga komoditas, dan pertumbuhan ekonomi. Ke depan, kinerja intermediasi sektor jasa keuangan diperkirakan membaik dengan porsi pendanaan dari pasar modal dan industri keuangan nonbank (IKNB) yang terus meningkat di mana Asuransi termasuk di dalam salah satunya. The inflation rate in 2017 was also under control at a relatively low level of 3.61%, which can support household consumption growth. The financial services institutions intermediation performance was still moderate, influenced by internal consolidation of financial services institutions, commodity price movements, and economic growth. Looking ahead, the financial services sector intermediation performance is expected to improve with the growing portion of funding from the capital market and the nonbank financial industry (IKNB) where Insurance is included in one of them. Hal ini sudah terlihat hingga saat ini berdasarkan data yang dihimpun oleh Asosiasi Asuransi Jiwa Indonesia (AAJI), Total pendapatan industri pada kuartal IV 2017 mencapai Rp254,22 triliun atau tumbuh sekitar 23,35% (yoy). Pendapatan premi masih merupakan kontributor utama atas total pendapatan industri asuransi jiwa yaitu sebesar 77,00%. Total pendapatan premi bertumbuh sekitar 17,73% (yoy) menjadi Rp195,72 triliun bila dirincikan maka total premi bisnis baru bertumbuh 22,11% (yoy) menjadi Rp127,88 triliun dan total premi lanjutan mencapai Rp67,84 triliun atau naik 10,27% (yoy). Industri asuransi jiwa terus bertumbuh dan memiliki peran yang signifikan dalam mendukung terjadinya proses pembangunan nasional. Pada periode yang sama, total aset industri asuransi jiwa mencapai Rp542,61 triliun atau bertumbuh 24,84% (yoy). Di sisi lain, total investasi industri ini bertumbuh 22,89% (yoy) atau senilai Rp486,20 triliun. Kenaikan jumlah investasi menjadi kontributor utama dari kenaikan total aset. This has been shown based on data compiled by the Indonesian Life Insurance Association (AAJI). Total industry revenues in the fourth quarter of 2017 reached Rp254.22 trillion or grew by 23.35% (yoy). Premium income was still the main contributor to life insurance industry total income, reaching 77.00%. Total premium income grew by 17,73% (yoy) to Rp195.72 trillion, in details the total new business premium grew by 22.11% (yoy) to Rp127.88 trillion and total renewal premium reached Rp67.84 trillion, up 10.27% (yoy). The life insurance industry continues to grow and has a significant role in supporting the national development process. In the same period, life insurance industry total assets reached Rp542.61 trillion or grew by 24.84% (yoy). On the other hand, the total investment of this industry grew by 22.89% (yoy) or Rp486.20 trillion. An increase in investments became a major contributor to the increase in total assets. Inisiatif Strategis Strategic Initiatives Menyikapi kondisi lingkungan eksternal perusahaan, BNI Life tetap fokus pada strategi pengembangan bisnis yang telah ditetapkan sebelumnya, yaitu fokus pada saluran distribusi yang selama ini sudah terbukti memberikan hasil yang positif bagi perusahaan. In response to the company's external environmental conditions, BNI Life remains focused on pre-established business development strategy, thus focusing on distribution channels that have been proven produce positive results for the company. Annual Report 2017 | PT BNI Life Insurance Management Report Laporan Direksi Board of Directors Report 27
  28. Laporan Manajemen 28 Laporan Direksi Board of Directors Report Tahun 2017 , BNI Life tetap menjadikan saluran distribusi Bancassurance sebagai fokus utama. Pengembangan saluran distribusi Bancassurance di tahun 2017 adalah mengembangkan lebih lanjut unit Worksite untuk menjangkau para calon nasabah yang sudah semakin jarang mengunjungi kantor cabang perbankan, peningkatkan kualitas premi baru dengan memperbanyak penjualan produk reguler, dan meningkatkan bisnis telemarketing dan asuransi jiwa kredit. In 2017, BNI Life continue to make Bancassurance distribution channel as the main focus. The development of Bancassurance distribution channel in 2017 was to further develop the Worksite units to reach prospective customers who have been increasingly rarely visited the bank branch offices, improve new premiums quality by increasing regular product sales, and develop telemarketing and credit life insurance business. Sementara itu, pada bisnis Employee Benefits, tahun 2017 BNI Life berupaya untuk meningkatkan kualitas dan produktivitas tenaga pemasar melalui pelatihan dan pendidikan yang lebih baik dan lebih terstruktur dan menyempurnakan bisnis proses yang ada untuk meningkatkan daya saing. Sedangkan pada saluran distribusi Agency di tahun 2017 BNI Life meningkatkan jumlah agen dengan melakukan perekrutan tenaga-tenaga pemasar, meningkatkan jumlah Kantor Pemasaran Mandiri yang ada guna memperluas jaringan tenaga pemasar dan meningkatkan pelayanan kepada seluruh nasabah, meningkatkan kualitas dan produktivitas tenaga pemasar melalui pelatihan dan pendidikan yang lebih baik dan lebih terstruktur dan menyempurnakan bisnis proses yang ada untuk meningkatkan daya saing. Meanwhile for the Employee Benefit business, in 2017 BNI Life undertook serious efforts to improve the sales force’s quality and productivity through better and more structured training and education and refine the existing business processes to improve competitiveness. While for the Agency distribution channel in 2017, BNI Life increased the number of agents by recruiting sales force, increased the number of existing Independent Marketing Offices to expand sales force’s network and improving services to all customers, improved the sales force’s quality and productivity through better and more structured training and education and refine the existing business processes to improve competitiveness. BNI Life juga terus mendorong penetrasi segmen Syariah dengan terus menambah jumlah tenaga pemasar dan di saat yang bersamaan meningkatkan kualitasnya melalui sejumlah pelatihan yang diberikan. Produk-produk syariah juga terus dibenahi dan disempurnakan. BNI Life also continue to promote Sharia segment penetration by continuing to increase the number of sales force and at the same time improving the quality through a number of training provided. Sharia products are also constantly improved and refined. Kendala yang Dihadapi Obstacles Encountered Sejalan dengan ekspansi bisnis yang terus dilakukan BNI Life, kebutuhan akan jumlah pemasar terus bertambah. Untuk itu BNI Life terus merekrut tenaga pemasar dalam jumlah yang cukup besar. Namun demikian, supply jumlah pemasaran yang ada tidak sebanding dengan kebutuhan Perseroan. Untuk itu, BNI Life mengambil inisiatif untuk mengatasi kendala tersebut dengan melalui kegiatan Job Fair, program Member Get Member dan rekrutmen secara regular. In line with BNI Life's continuing business expansion, the need for sales force are growing. BNI Life continues to recruit a large number of sales force. However, the supply of sales force is not proportional to the Company’s needs. To that end, BNI Life tried to overcome these obstacles through Job Fair, Member Get Member program and regular recruitment. Masih relatif rendahnya closing ratio terhadap referral juga menjadi perhatian utama pada tahun 2017. Untuk itu, BNI Life terus berupaya untuk meningkatkan closing ratio dengan mengintensifkan pelatihan kepada pemasar berdasarkan lama pemasar bekerja di perusahaan. The closing ratio that relatively low to referrals was also a major concern in 2017. To that end, BNI Life is continuously working to increase the closing ratio by intensifying marketers’ training based on working period in the company. BNI Life telah menjalin sinergi dengan perusahaan induk, Bank BNI. Namun, hingga tahun 2017, outlet Bank BNI masih belum merata dalam mendukung optimalisasi bisnis In Branch. Untuk itu, BNI Life melakukan sosialisasi kepada pegawai Bank BNI terkait produk BNI Life dan cara memasarkannya. BNI Life has established synergy with the parent company, Bank BNI. However, until 2017, outlets of Bank BNI’s was still not evenly distributed to in Supporting optimization of Branch business. Therefore, BNI Life made socialization to Bank BNI’s employees about BNI Life products and marketing methods. PT BNI Life Insurance | Laporan Tahunan 2017
  29. Tantangan lain yang dihadapi BNI Life tahun 2017 adalah dalam hal penjualan produk kumpulan kesehatan , di mana banyak perusahaan sudah merasa cukup dengan adanya BPJS Kesehatan. Untuk itu, langkah yang diambil adalah memposisikan produk kumpulan kesehatan BNI Life sebagai pelengkap BPJS dan memberikan solusi yang tepat atas kebutuhan perlindungan kesehatan untuk pegawai perusahaan baik dari segi harga maupun fitur. Another challenge that BNI Life faced in 2017 was the group health products selling, that many costumers feel that BPJS Health is already enough. Then, BNI Life positioned the group health products as complement to BPJS and providing the right solution for the company employee’s needs of health protection both in price and features. Kinerja Tahun 2017 Performance in 2017 Strategi yang dijalankan BNI Life sepanjang tahun 2017 terbukti membuahkan hasil yang baik. Seluruh saluran distribusi produk memberikan kontribusi yang baik dan mengalami peningkatan yang sangat baik pada tahun 2017. The strategies that have been run by BNI in 2017 were proven to lead to a good result. All product distribution channels made a good contribution and showed a very satisfying growth in 2017. Pendapatan premi bruto saluran distribusi Bancassurance tahun 2017 bertumbuh 24,58% dibandingkan pencapaian tahun 2016, di mana premi bisnis baru bertumbuh 22,91% dan premi tahun lanjutan bertumbuh 36,16%. Demikian juga dengan pendapatan premi bruto di bisnis Employee Benefits yang pada tahun 2017 bertumbuh sebesar 4,25%.dibandingkan pencapaian tahun 2016. Sedangkan pendapatan premi bruto saluran distribusi Agency pada tahun 2017 bertumbuh sebesar 36,40% dibandingkan pencapaian tahun 2016, di mana premi bisnis baru bertumbuh 59,77%. Gross premium income of Bancassurance distribution channel in 2017 grew by 24.58% compared to the achievement in 2016, where new business premiums grew by 22.91% and renewal premiums grew by 36.16%. Similarly, the gross premium income in the Employee Benefits business in 2017 grew by 4.25% compared to the achievement of 2016. While the gross premium income of Agency distribution channels in 2017 grew by 36.40% compared to the achievement in 2016, where new business premiums grew 59.77%. Berdasarkan kinerja perusahaan, pada tahun 2017 Perusahaan berhasil mencatatkan pendapatan premi bruto sebesar Rp5,71 Triliun atau bertumbuh sebesar 20,34% dibandingkan pendapatan tahun sebelumnya dan memenuhi hampir 77,75% dari target business plan 2017. Based on the Company's performance, in 2017 the Company recorded a gross premium income of Rp5.71 trillion, grew by 20.34% compared to the previous year's income and almost meet 77.75% of the 2017 business plan target. Peningkatan pendapatan premi bruto didominasi oleh pendapatan premi dari saluran distribusi Bancassurance yang meningkat sebesar 24,58% dibandingkan dengan tahun 2016. Peningkatan penjualan melalui saluran distribusi Bancassurance berhasil dicapai karena dukungan BNI yang semakin baik sepanjang tahun 2017 dan peningkatan jumlah tenaga pemasar (BAS – Bancassurance Specialist) dengan kinerja yang semakin baik. The gross premium income increase was dominated by premium income from Bancassurance distribution channel, which increased by 24.58% compared to 2016. Sales increase through Bancassurance distribution channel was achieved due to the improved BNI support throughout 2017 and the increasing of number of sales force with better performance (BAS - Bancassurance Specialist). Tahun 2017, BNI Life juga mencatat pertumbuhan single premium sebesar 31,21%. Pertumbuhan tersebut berada di atas rata-rata industri yang tumbuh sebesar 25,56% untuk single premium dan 10,17% reguler premium. In 2017, BNI Life also recorded single premium growth 31.21%. The growth is above the industry average the grew by 25.56% for single premium and 10.17% for reguler premium. Perolehan laba setelah pajak Perusahaan pada akhir tahun 2017 tercatat sebesar Rp374,90 Miliar yang meningkat sebesar 103,81% atau 2 kali lipat dari tahun lalu serta memenuhi 87,66% dari target yang dicanangkan dalam business plan 2017. The Company’s profit after tax at the end of 2017 was recorded at Rp374.90 Billion, which increased by 103.81% or twice from last year and fulfilled 87.66% of the target set in the business plan 2017. Annual Report 2017 | PT BNI Life Insurance Management Report Laporan Direksi Board of Directors Report 29
  30. Laporan Manajemen 30 Laporan Direksi Board of Directors Report Prospek Usaha Business Prospects Tahun 2018 , Bank Indonesia memperkirakan pertumbuhan ekonomi terus membaik. Dukungan harga komoditas yang masih tinggi dan perbaikan perekonomian dunia yang terus berlanjut akan berdampak positif bagi kinerja ekspor Indonesia. In 2018, Bank Indonesia predicts that economic growth will continue to improve. Support from high commodity prices and continuing improvement in the world economy will positively impacting Indonesia's export performance. Sejalan dengan peningkatan ekspor, investasi juga diperkirakan terus meningkat didukung percepatan reformasi struktural untuk penciptaan iklim investasi yang semakin kondusif. Bank Indonesia terus mencermati berbagai perkembangan domestik dan eksternal, serta terus memperkuat koordinasi kebijakan dengan Pemerintah untuk memastikan stabilitas makro ekonomi dan keuangan tetap terjaga. Selain itu, pelonggaran kebijakan moneter yang telah ditempuh diharapkan semakin memperkuat momentum pertumbuhan ekonomi. In line with increase in exports, investment is also expected to increase continuously supported by structural reforms acceleration to create an increasingly conducive investment climate. Bank Indonesia continues to observe domestic and external developments, and continues to strengthen policy coordination with the Government to ensure macroeconomic and financial stability is maintained. In addition, the monetary easing policy that has been taken is expected to further strengthen the momentum of economic growth. Dengan kondisi tersebut, BNI Life akan tetap fokus pada pengembangan bisnis pada semua saluran distribusi. Secara keseluruhan, pada tahun 2018 premi bisnis baru pada saluran distribusi Bancassurance In-branch masih merupakan back-bone pencapaian target Bancassurance. Pada tahun 2018 saluran distribusi Bancassurance In Branch menetapkan fokus untuk lebih meningkatkan produk regular unit link, serta produk premi sekaligus yang lebih profitable. Dengan fokus perusahaan menjual produk regular unit link, maka pada tahun 2018 akan disiapkan peluncuran produk baru unit link. Under such conditions, BNI Life will remain focus on all distribution channels development. Overall, in 2018 new business premium on Inbranch Bancassurance distribution channel are still the back-bone of Bancassurance target achievement. In 2018, the In Branch Bancassurance distribution channel will focus on improving regular unit link products, as well as more profitable premium products. Along with the Company’s focus on selling regular unit link products, then new product unit link will be launched in 2018. Saluran distribusi Bancassurance Worksite pada tahun 2018 akan melakukan pendekatan yang lebih agresif pada nasabah korporasi BNI. Strategi penjualan ini tetap berfokus pada produk regular unit link dan didukung dengan strategi marketing dengan mengadakan company gathering. In 2018, the Worksite Bancassurance distribution channel will take more aggressive approach to BNI corporate customers. This sales strategy remain focus on regular unit link products and supported by holding company gathering as marketing strategy. Pada tahun 2018 saluran distribusi telemarketing akan mengoptimalkan sinergi dengan BNI melalui ekspansi pada nasabah BNI non regular, antara lain dengan melakukan cross-selling dengan saluran distribusi Inbranch dengan fokus pada nasabah emerald. Selain itu,cross-selling juga dilakukan pada nasabah pemegang polis asuransi jiwa kredit. In 2018, telemarketing distribution channels will optimizing synergies with BNI through expansion to BNI non regular customers, among others by cross-selling with Inbranch distribution channels focusing on emerald customers. In addition, cross-selling will also be carried out to credit life insurance policy holders. Sehubungan dengan strategi product mix, saluran distribusi Employee Benefit akan lebih fokus kepada produk kesehatan kumpulan. Dalam mengakomodir kebutuhan pasar tertentu, saluran distribusi Employee Benefit akan mengkaji produk kesehatan kumpulan dengan konsep managed care yang ditargetkan untuk menyasar perusahaan BUMN. In connection with mix product strategy, the Employee Benefit distribution channel will focus on group health products. In order to accommodate specific market needs, the Employee Benefit distribution channel will study group health products with managed care concept and targeting stateowned enterprises. Pada saluran distribusi Agency, sejumlah strategi untuk pencapaian target bisnis pada tahun 2018 seperti, rekrutmen tenaga pemasar (Leader/agen) Agency yang dilakukan secara organik dan inorganik, ekspansi bisnis pada kota-kota potensial, dan peluncuran produk unitlink baru yang sejalan dengan arah perusahaan. On Agency distribution channel, some business strategies will be carried out in achieving 2018 targets, such as recruiting organic and inorganic sales force (Leader/Agent) of Agency, business expansion in potential cities, and new unit-link product launches that are aligned with the Company’s direction. PT BNI Life Insurance | Laporan Tahunan 2017
  31. Hal ini membawa dampak positif terhadap BNI Life di mana pencapaian yang telah diraih untuk Perolehan laba setelah pajak Perusahaan pada akhir tahun 2017 tercatat sebesar Rp374 ,90 miliar yang meningkat sebesar 103,81% dari tahun lalu serta memenuhi 87,66% dari target yang dicanangkan dalam Business Plan 2017. This has a positive impact on BNI Life, where achievements of the Company's profit after tax at the end of 2017 is Rp374.90 billion, increased by 103.81% from last year and fulfilled 87.66% of the Company's 2017 Business Plan. Sumber Daya Manusia Human Resources Dalam bidang usaha jasa, terutama jasa asuransi yang melibatkan pengelolaan dana nasabah, Sumber Daya Manusia (SDM) turut menentukan kesuksesan perusahaan. Perseroan harus mengantisipasi segala kemungkinan adanya permasalahan dalam pengelolaan SDM mulai dari tahap seleksi hingga manajemen SDM yang lebih kompleks. In services business field, especially insurance services involving customer funds management, Human Resources (HR) also determine the company’s success. The Company must anticipate all possible problems in HR management from the selection stage to more complex human resource management. Guna terwujudnya SDM yang handal dan unggul sesuai dengan kompetensi yang dibutuhkan perusahaan, adanya berbagai pelatihan dan pengembangan diselenggarakan. Melalui Divisi HCT (Human Capital and Employee Training), SDM Perusahaan mengikuti berbagai macam pelatihan sesuai dengan bidang masing-masing. Realisasi pelatihan dan pengembangan SDM sepanjang 2017 adalah diselenggarakannya 91 in house training dan 136 public training dengan jumlah peserta sebanyak 1.959 peserta. In order to create reliable and superior human resources in accordance with the competencies required by the Company, various training and development was held. Through the Human Capital and Employee Training Division, the Company's personnel follows a wide range of training in accordance with their respective fields. The realization of training and human resource development throughout 2017 was 91 in-house trainings and 136 public trainings with total participants as many as 1,959 participants. Teknologi Informasi Information Technology Digitalisasi menjadi salah satu pilar utama pendukung target BNI Life untuk menjadi yang terdepan dalam dunia bisnis perusahaan asuransi di Indonesia. Untuk mendukung proses digitalisasi maka Divisi IT memperkuat sarana pendukung sistem informasi yang menjadi salah satu tulang punggung dalam mempercepat proses bisnis di BNI Life. Secara umum implementasi penguatan sistem informasi BNI dapat dilihat dari pengembangan hardware dan software (perangkat keras dan perangkat lunak). Digitalization became one of the main pillars that support BNI Life’s target to become a leader in insurance companies in Indonesia. To support the digitalization process, IT Division seeks to strengthen the supporting information systems means that become business processes’ backbone of BNI Life. In general, the strengthening implementation of BNI information system can be seen from the hardware and software development. Dalam pengembangan hardware (infrastruktur TI), saat ini BNI Life menggunakan ruang data center dan sarana pendukung yang baru. Seiring dengan perpindahan data center dari gedung lama ke Centennial Tower, Divisi IT memperbarui ruang data center dan sarana pendukung untuk server dan alat-alat komunikasi di dalamnya. Ruang Data Center yang baru menyediakan ruang untuk penambahan server yang akan dibutuhkan mendukung perkembangan bisnis ke depan dari BNI Life. Dari sisi keamanan komunikasi data BNI Life telah mengimplementasikan perangkat keamanan (Web Application Firewall) yang secara khusus melindungi aplikasi berbasis website di BNI Life. In hardware development (IT infrastructure), BNI Life currently uses new data center room and supporting facilities. Along with the relocation of data center from old building to Centennial Tower, IT Division updated the data center room and supporting facilities for server and communication equipment. The new Data Center room provides space for additional servers that will be needed to support BNI Life’s business growth in the future. In terms of data communication security, BNI Life has implemented a security tool (Web Application Firewall) that specifically protects websitebased applications in BNI Life. Annual Report 2017 | PT BNI Life Insurance Management Report Laporan Direksi Board of Directors Report 31
  32. Laporan Manajemen 32 Laporan Direksi Board of Directors Report Dalam penguatan dari sisi software (sistem aplikasi) Divisi TI dalam proses mengembangkan core application untuk asuransi individu dan asuransi group. New Core System adalah proyek pengembangan aplikasi inti yang akan digunakan untuk mendukung proses penjualan asuransi individu, sedangkan New Core Group adalah aplikasi yang dikembangkan oleh Divisi IT untuk mendukung proses bisnis asuransi grup mulai dari proses penjualan, klaim hingga pencatatan akuntansi. Pengembangan kedua aplikasi inti ini dimulai tahun 2017 dan akan diselesaikan di tahun 2018. In software (application system) strengthening, the IT Division is in developing process of core application for individual and group insurance. New Core System is a core application development project that will be used to support individual insurance sales process, while New Core Group is an application developed by IT Division to support group insurance business process from selling process, claim and accounting record. The development of these two core applications began in 2017 and will be completed by 2018. Tata Kelola Perusahaan Corporate Governance Tata kelola perusahaan yang baik (Good Corporate Governance/ GCG) tetap menjadi perhatian utama BNI Life. Penerapan GCG yang kuat diyakini akan menciptakan dan melanjutkan kerja sama dengan pemegang saham dan pemangku kepentingan secara luas dalam jangka panjang. Good Corporate Governance (GCG) remains the main concern of BNI Life. Strong GCG implementation is believed to create and continue long-term cooperation with shareholders and stakeholders. Sebagai perusahaan asuransi yang berorientasi pada stakeholders, BNI Life memiliki komitmen yang sangat kuat untuk menerapkan prinsip GCG dalam operasional perusahaan. BNI Life secara aktif meningkatkan penerapan GCG sesuai dengan peraturan perundangundangan yang berlaku, termasuk Peraturan Otoritas Jasa Keuangan Nomor 73/POJK.05/2016 tentang Tata Kelola Perusahaan Yang Baik Bagi Perusahaan Perasuransian yang telah efektif berlaku sejak 23 Desember 2016. As a stakeholder-oriented insurance company, BNI Life has a strong commitment to implement GCG principles in its operations. BNI Life actively promotes the GCG implementation in accordance with applicable laws and regulations, including the Financial Services Authority Regulation Number 73/POJK.05/2016 regarding Good Corporate Governance for Insurance Companies that has been effective since December 23, 2016. Peningkatan kualitas penerapan GCG merupakan salah satu fokus utama Perusahaan. Secara berkala Perusahaan melakukan self assesment untuk mengukur kualitas penerapan GCG di lingkungan Perusahaan. Pada tahun 2017, berdasarkan hasil self assesment yang dilakukan, penerapan GCG di lingkungan Perusahaan memperoleh hasil “Baik”. Selain itu, rekomendasi dari self assesment tersebut menjadi salah satu acuan bagi Perusahaan untuk terus meningkatkan kualitas penerapan GCG. The quality of GCG implementation is one of the Company's main focus. The Company regularly conducts self-assessment to measure the quality of GCG implementation in the Company's environment. In 2017, based on self-assessment results, the GCG implementation obtained "Good" result. In addition, self-assessment recommendation is one of references for the Company to continuous improve GCG implementation’s quality. Penilaian Komite di Bawah Direksi Committee under Board of Directors Assessment Dalam menjalankan tugas dan tanggung jawabnya, Direksi dibantu oleh Komite-komite yang berada di bawah Direksi, yaitu Komite Investasi, Komite Risko, Komite IT dan Komite Pengembangan Produk. The Board of Directors is assisted by Committees in carrying out its duties and responsibilities, namely the Investment Committee, the Risk Committee, the IT Committee and the Product Development Committee. Sepanjang tahun 2017, Komite tersebut telah menjalankan tugas dan tanggung jawabnya dengan baik dalam memberikan masukan dan rekomendasi kepada Direksi terkait bidang yang menjadi tanggung jawabnya. Throughout 2017, those Committees have performed well in doing their duties and responsibilities to provide input and recommendations to the Board of Directors regarding the areas of their responsibility. PT BNI Life Insurance | Laporan Tahunan 2017
  33. Perubahan Komposisi Direksi Changes in Board of Directors Composition Pada tahun 2017 , komposisi Direksi PT BNI Life Insurance mengalami perubahan berdasarkan keputusan RUPS tanggal 5 September 2017 Nomor 06. In 2017, the Board of Directors composition has experienced changes according to the GMS resolution dated September 5, 2017 Number 06. Komposisi Direksi PT BNI Life Insurance pada 31 Desember 2017 adalah sebagai berikut: PT BNI Life Insurance’s Board of Directors composition as of December 31, 2017 is as follows: Geger N. Maulana : Wakil Direktur Utama (Plt Direktur Utama) Intan Sari Abdams Katoppo : Direktur Hirokazu Todaka : Direktur Naruyoshi Kuwata : Direktur Geger N. Maulana Intan Sari Abdams Katoppo Hirokazu Todaka Naruyoshi Kuwata Apresiasi Appreciation BNI Life telah berhasil meraih kinerja yang cukup membanggakan di tengah tantangan ekonomi dan bisnis yang tidak ringan. Atas nama Direksi, kami menyampaikan apresiasi kepada seluruh karyawan BNI Life atas dedikasi dan kerja keras yang ditunjukan sehingga BNI Life dapat melalui tahun 2017 yang penuh tantangan dengan capaian kinerja yang cukup membanggakan. BNI Life has managed to achieve an impressive performance in the midst of tough economic and business challenges. On behalf of the Board of Directors, we would like to express our appreciation to all employees of BNI Life for their dedication and hard work so that BNI Life can sail through the challenging year of 2017 with glorious performance achievement. Kami juga mengucapkan terima kasih kepada Dewan Komisaris, Dewan Pengawas Syariah dan Pemegang Saham atas kearifan, kepercayaan dan nasihat yang diberikan. Kami juga mengucapkan terima kasih yang tulus kepada seluruh nasabah, mitra bisnis, dan regulator di Indonesia, atas dukungan dan kontribusi sepanjang tahun 2017. Kami terus berkomitmen untuk maju mencapai pertumbuhan berkelanjutan demi mewujudkan visi dan misi perusahaan bersama-sama dengan para pemangku kepentingan. We would also like to thank the Board of Commissioners, the Sharia Supervisory Board and the Shareholders for the wisdom, trust and advice provided. We also sincerely thank all our customers, business partners and regulators in Indonesia for their support and contribution throughout 2017. We are continuously committed to move towards sustainable growth in order to realize our vision and mission together with our stakeholders. Management Report Laporan Direksi Board of Directors Report : Vice President Director (Acting President Director) : Director : Director : Director Maret 2018 March 2018 Geger N. Maulana Wakil Direktur Utama (Plt. Direktur Utama) Vice President Director (Acting President Director) Annual Report 2017 | PT BNI Life Insurance 33
  34. Laporan Manajemen Laporan Direksi Board of Directors Report 4 1 1 . Geger N. Maulana Wakil Direktur Utama (PLT Direktur Utama) Vice President Director (Acting President Director) 2. Intan Abdams Katoppo Direktur Director 3. Hirokazu Todaka Direktur Director 4. Naruyoshi Kuwata Direktur Director 34 PT BNI Life Insurance | Laporan Tahunan 2017
  35. Management Report Laporan Direksi Board of Directors Report 3 2 Annual Report 2017 | PT BNI Life Insurance 35
  36. Laporan Manajemen Laporan Dewan Pengawas Syariah Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report Board of Sharia Supervisory Report K .H. Ma’ruf Amin Ketua Chairman 36 PT BNI Life Insurance | Laporan Tahunan 2017
  37. Assalamualaikum Warahmatullahi Wabarakatuh Alhamdulillah , segala puji dan syukur kita panjatkan ke hadirat Allah subhanahu wa ta'ala atas segala nikmat yang dikaruniakan kepada kita semua. Sholawat serta salam semoga tercurah untuk Baginda Rasulullah shallallahu alaihi wasallam, beserta seluruh keluarga dan kerabatnya. Assalamualaikum Warahmatullahi Wabarakatuh Alhamdulillah, let us send all praise and gratitude to Allah Subhanahu wa ta’ala for all the blessings bestowed to us. Sholawat and greetings are hopefully devoted to Baginda Rasulullah SAW, his entire family and relatives. Pada hakekatnya asuransi adalah “persiapan”, agar manusia mempersiapkan hari esok, menyiapkan anak keturunannya menjadi generasi yang berkualitas dan berinvestasi untuk masa depannya. Semuanya itu merupakan filsofi dasar lahirnya asuransi syariah. Dalam fatwa DSN-MUI menjelaskan pengertian asuransi lebih dikenal dengan ta’min, takaful, atau tadhamun yaitu usaha saling melindungi dan tolong menolong di antara sejumlah orang atau pihak melalui investasi dalam bentuk aset dan/tabarru’ memberikan pola pengembalian untuk menghadapi risiko tertentu melalui akad (perjanjian) yang sesuai dengan syariah. di awali usaha saling melindungi dan tolong menolong inilah sehingga sistem ini tidak terjadi pengalihan risiko (transfer risk) dari tertanggung ke penanggung (perusahaan asuransi) sebagaimana pada asuransi konvensional melainkan lebih pada konsep pembagian risiko (risk sharing) Di antara peserta untuk saling menanggung sedangkan perusahaan asuransi hanya berperan sebagai pengelola. Essentially, insurance is a "preparation", prepare for the future, prepare their descendants to become a quality generation and for future investment. All of that is Sharia insurance basic philosophy. Fatwa of DSN-MUI explained that insurance definition is better known as ta'min, takaful, or tadhamun, which means mutual protection and help among some people or parties through investment in the form of assets/or tabarru ' that provide return pattern when dealing with certain risks through akad (agreement) in accordance with Sharia. Through this efforts to protect and help each other with this system there is no risk transfer from the insured to the insurer (insurance company) as happen in conventional insurance. In this system, risk is share between participants to carry each other while the company insurance only acts as a manager. Salah satu organ penting dan sifatnya wajib ada pada perusahaan asuransi yang menyelenggarakan seluruh atau sebagian usahanya dengan prinsip syariah adalah Dewan Pengawas Syariah (DPS) yang merupakan kepanjangan tangan dari Dewan Syariah Nasional Majelis Ulama Indonesia (DSN-MUI) yang bertugas di samping memberikan nasehat dan saran juga mempunyai tanggung jawab mengawasi pemenuhan prinsip syariah pada kegiatan perusahaan asuransi syariah atau unit usaha asuransi syariah. One important body and a must in the insurance company that conducts all or part of its business with Sharia principles is the Sharia Supervisory Board (DPS), which is an extension of the National Sharia Council of Majelis Ulama Indonesia (DSN-MUI), in charge of giving advice and suggestions also has the responsibility to oversee the Sharia principles fulfillment in the Sharia insurance companies’ activities or Islamic insurance business unit. Dalam kesempatan ini, ijinkan saya mewakili Dewan Pengawas Syariah BNI Life menyampaikan kinerja Perusahaan terkait unit usaha Syariah BNI Life sepanjang 2017. Penyampaian Laporan Dewan Pengawas Syariah ini selaras dengan mengacu pada Surat Edaran Otoritas Jasa Keuangan (OJK) No. 2/SEOJK.05/2018 tentang Bentuk dan Susunan Laporan Berkala Perusahaan Asuransi Syariah, Perusahaan Reasuransi Syariah, dan Unit Syairah. On this occasion, allow me to represent the BNI Life Sharia Supervisory Board to conveying the Company's performance regarding BNI Life Sharia business unit throughout 2017. The submission of Sharia Supervisory Board Report is aligned with reference to Circular Letter of the Financial Services Authority (OJK) No. 2/SEOJK.05/2018 on the Form and Composition of Periodic Report of Sharia Insurance Company, Sharia Reinsurance Company, and Sharia Unit. Secara nasional kinerja asuransi syariah pada 2017, menurut data statistik dari Otoritas Jasa Keuangan mengalami pertumbuhan yang positif, dengan detail sebagai berikut: Sharia insurance national performance in 2017, according to statistics from the Financial Services Authority experienced a positive growth, with details as follows: Management Report Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report Ikhtisar Data Keuangan Asuransi Syariah (Miliar Rp) A Summary of Financial Data Insurance Sharia (Billion Rp) Nama Akun Dec-17 Dec-16 Growth 1. Aset/Assets 33.244 40.520 22% 2. Kontribusi Bruto/Gross Contribution 12.028 13.995 16% Account names 3. Klaim Bruto/Gross Claims 4.336 4.948 14% 4. Investasi/Investment 28.807 35.310 23% 5. Hasil Investasi/Return on Investment 2.475 2.346 -5% 0,098% 0,104% 6% 6. Penetrasi/Penetration Annual Report 2017 | PT BNI Life Insurance 37
  38. Laporan Manajemen 38 Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report Data statistik di atas menunjukan bahwa asuransi syariah telah menjadi pilihan masyarakat . Dalam dua dasawarsa perkembangannya sejak kelahiran bank syariah pertama yang juga merupakan pioner lembaga keuangan syariah di Tanah Air, sistem keuangan syariah telah berkembang pesat. Tidak hanya perbankan syariah, tetapi juga sudah berkembang industri keuangan non-bank syariah. Misalnya asuransi syariah, dana pensiun syariah, perusahaan pembiayaan syariah, obligasi syariah (sukuk), reksadana syariah, dan aktivitas pasar modal syariah lainnya. The above statistical data shows that Sharia insurance has become the community's choice. In its two decades of development since the first Islamic bank, which is also as sharia financial institution pioneer in the country, the Islamic financial system has grown rapidly. Not only Sharia banking, but also has developed non-bank Islamic financial industry. For example Sharia insurance, sharia pension funds, Sharia financing companies, sharia bonds (sukuk), sharia mutual funds, and other sharia capital market activities. Sistem syariah juga telah merambah sektor riil dengan hadirnya beberapa jenis usaha syariah yang mencakup makanan dan obatobatan halal, Islamic fashion, dan bahkan pariwisata syariah. Sharia system has also penetrated the real sector with the presence of several types of sharia business that includes halal food and medicine, Islamic fashion, and even sharia tourism. Perkembangan ekonomi syariah ke depan diperkirakan akan semakin pesat dengan masifnya sosialisasi dan edukasi kepada masyarakat baik yang dilakukan oleh regulator dalam hal ini Otoritas Jasa Keuangan, Bank Indonesia, MUI, organisasi masyarakat islam dan institusi syariah itu sendiri. Dukungan lembaga pendidikan tinggi yang membuka jurusan ekonomi syariah memberikan nilai tambah di mana akan tercipta sumber daya insani yang berkualitas. Di samping itu tingginya populasi umat islam di Indonesia dan akselerasi pasar yang cepat di kalangan kelas menengah menjadi nilai lebih bagi pertumbuhan ekonomi syariah, adapun tantangan utama yang dihadapi industri keuangan syariah ke depan yaitu kemampuan menyediakan infrastruktur terkait layanan berbasis teknologi digital. The sharia economy development in the future is expected to grow more rapidly with massive socialization and education to the community either done by the regulator which in this case is the Financial Services Authority, Bank Indonesia, MUI, Islamic community organization and sharia institution itself. The higher education institution that open the Sharia economics department provides added value that will create quality human resources. In addition, the high population of Moslems in Indonesia and rapid market acceleration among the middle class become an added value for the sharia economy growth, while facing the Islamic financial industry in the future, the main challenge is the ability to provide related services infrastructure based on digital technology. Kinerja BNI Life Syariah 2017 BNI Life Sharia Performance 2017 Manusia yang kemudian lebih dikenal sebagai individu maupun kelompok masyarakat pada umumnya memaknai tujuan hidupnya adalah untuk memperoleh kebahagiaan. Dalam pandangan syariah kebahagiaan hendaklah dipahami apabila seluruh kebutuhan dan keinginannya terpenuhi dalam jangka pendek maupun jangka panjang baik dari aspek material maupun aspek spiritualnya. Humans that better known as individuals and community groups in general interpret the purpose of life as to gain happiness. In the sharia view, happiness should be understood if all needs and desires are met in the short and long term both from material aspects and spiritual aspects. Merespon tujuan dan kebutuhan yang sangat beragam di satu sisi kesadaran akan kemampuan manusia yang terbatas serta sulitnya mengharmonisasikan setiap tujuan dan kebutuhan dari setiap individu ataupun kelompok masyarakat tersebut, melalui program asuransi BNI Life unit syariah yang berdiri sejak tahun 2004 hadir dan berkomitmen untuk membantu mewujudkan. Responding to the diverse goals and needs, on the other hand the awareness of limited human capabilities and the difficulty of harmonizing each of the goals and needs of each individual or community group, through the insurance program, BNI Life sharia unit that established since 2004 was present and committed to help realizing that goals. Produk-produk inovatif terus dikembangkan dan hingga tahun 2017 telah menawarkan varian produk asuransi individu dan kumpulan diantaranya asuransi pendidikan, asuransi jiwa jangka warsa, asuransi jiwa ekawarsa, perlindungan kesehatan, perlindungan kecelakaan diri, perlindungan dana hari tua dan kombinasi antara asuransi jiwa dan investasi (unitlink). Innovative products continue to be developed and by 2017 individual and collectible insurance product variants have been offered such as educational insurance, term life insurance, single premium life insurance, health protection, personal accident protection, pension savings and a combination of life insurance and investment (unitlink). Perusahaan memastikan setiap transaksi syariah yang dijalankan didasari dengan akad (perjanjian) yang selaras dengan hukum Islam artinya terhindar dari unsur riba, gharar (ketidakjelasan dana) dan maisir (gambling) sedangkan pengelolaan dana investasinya pada instrument yang halal dan baik (thayib), setiap produk yang diluncurkan oleh BNI Life unit syariah terlebih dahulu mendapatkan opini telah memenuhi aspek syariah dari Dewan Pengawas Syariah (DPS). The Company ensures that every sharia transaction executed is based on a contract that is in line with Islamic law that means be spared with riba, gharar (unclear fund) and maisir (gambling) while investment fund management is in a halal and good instrument (thayib), every products of BNI Life sharia unit product should first get fulfilled sharia aspect opinion from Sharia Supervisory Board (DPS). PT BNI Life Insurance | Laporan Tahunan 2017
  39. BNI Life terus mengembangkan bisnis dengan menjalin kerja sama dengan beberapa Lembaga Keuangan Syariah , antara lain BNI Syariah, BRI Syariah, Bank Syariah Mandiri, Bank Muamalat Indonesia, Bank Panin Syariah dan Bank BCA Syariah, sejumlah perusahaan asuransi umum, BPRS, BMT, lembaga keuangan non Bank lainnya serta dengan beberapa lembaga nirlaba syariah. Saat ini produk syariah BNI Life dipasarkan oleh 4 (empat) sub distribution channel sharia, yaitu Sharia Employee Benefits, Bancatakaful Affinity, dan Individual Business. BNI Life continues to expand its business by collaborating with several Sharia Finance Institutions, including BNI Syariah, BRI Syariah, Bank Syariah Mandiri, Bank Muamalat Indonesia, Panin Syariah Bank and Bank BCA Syariah, a number of general insurance companies, BPRS, BMT, other non banks as well as with some non-profit sharia institutions. Currently, BNI Life sharia products are marketed by 4 (four) sharia sub distribution channels, namely Sharia Employee Benefits, Bancatakaful Affinity, and Individual Business. Dapat kami sampaikan berdasarkan pencapaian data keuangan per 31 Desember 2017 sebagai berikut : Can we stated based on financial data achievement until December 31, 2017 as follows: Management Report Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report Realisasi Data Keuangan Unit Syariah (Miliar Rp) The Realization of Financial Data Sharia Units (Billion Rp) Keterangan Pertumbuhan (%) Dec-2017 Dec-2016 Kontribusi Peserta Participants Contributions 353,78 200,49 76,46% Kontribusi Tabarru' Bruto Tabarru’ Profit Contributions 227,29 179,03 26,96% Surplus Underwriting Dana Tabarru' Underwriting Surplus Tabarru’ Fund 3,30 2,25 46,67% Akumulasi Surplus Dana Tabarru' Accumulated Surplus Tabarru’ Fund 19,91 11,63 71,13% Pendapatan Ujrah Ujrah Income 64,99 49,89 30,26% Laba Perusahaan Corporate Profit 35,78 28,54 25,37% Permodalan Capital 163,28 126,08 29,50% Dana Investasi Peserta Investment Participant Fund 227,13 116,08 95,66% Aset Assets 556,99 358,03 55,57% Description Growth (%) Pada tahun 2017, perusahaan telah menyalurkan dana tolong menolong diantara peserta (dana tabarru’) kepada penerima santunan dari peserta asuransi yang mengalami musibah meninggal dunia dan atau kepada peserta asuransi yang mengalami musibah kecelakaan diri, sakit rawat jalan maupun rawat inap di rumah sakit sebesar Rp154,86 miliar atau mengalami kenaikan 57,66% dibanding tahun 2016 yang sebesar Rp98,23 miliar. In 2017, the company has distributed mutual-assistance funds among the participants (tabarru 'funds) to the beneficiaries of insurance participants who have passed away and/or to the insurance participants who experienced an accident, outpatient and inpatient at the hospital amounted to Rp154.86 billion or an increase of 57.66% compared to 2016 amounted to Rp98.23 billion. Dewan Pengawas Syariah (DPS) terus mendorong peningkatan kinerja underwriting untuk memperkuat kesehatan keuangan dana tabarru’ melalui penetrasi pasar produk asuransi individu syariah. Selain ditawarkan melalui jalur distribusi keagenan pada tahun 2017 setelah diterima persetujuan prinsip dari Otoritas Jasa Keuangan terkait kerjasama dengan Bank BNI Syariah untuk pemasaran produk asuransi individu syariah melalui kerjasama Bancassurance-inbranch telah ditempatkan tenaga Bancassurance Sharia yang fokus melayani referral bisnis di 46 Cabang Bank BNI Syariah. The Sharia Supervisory Board (DPS) continues to encourage the increasing of underwriting performance in order to strengthen the tabarru 'funds financial health through individual sharia insurance products market penetration. Besides being offered through agency distribution channels, after the principle approval by Financial Services Authority in 2017 related to cooperation with Bank BNI Syariah for individual sharia insurance products marketing through Bancassurance-inbranch has been placed Bancassurance Sharia personnel who focus on serving business referrals in 46 branches of Bank BNI Syariah. Annual Report 2017 | PT BNI Life Insurance 39
  40. Laporan Manajemen 40 Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report Dewan Report on Supervisory Function of The Sharia Supervisory Board Sebagaimana telah disebutkan di atas bahwa Dewan Pengawas Syariah adalah bagian dari Organ Perusahaan yang menyelenggarakan kegiatan usaha berdasarkan prinsip syariah yang melakukan fungsi pengawasan atas penyelenggaraan usaha asuransi dan usaha reasuransi agar sesuai dengan prinsip syariah . As mentioned above, the Sharia Supervisory Board is a part of the Company Body that conducts business activities based on sharia principles, which performs supervisory function to make sure that insurance and reinsurance business are conform to sharia principles. Pada tahun 2017, sebagai bagian dari penyelenggaraan fungsi pengawasan Dewan Pengawas Syariah telah menyelenggarakan rapat secara berkala sebanyak 6 (enam) kali. Hasil rapat DPS dituangkan dalam risalah rapat dan didokumentasikan dengan baik. Segenap Dewan Pengawas Syariah BNI Life telah menjalankan fungsinya untuk mengawasi dan memberikan nasehat kepada Direksi serta mengawasi kegiatan Perseroan agar kegiatan Unit Syariah di Perusahaan sesuai dengan Prinsip Syariah. In 2017, as part of the monitoring function, the Sharia Supervisory Board has held 6 (six) periodic meetings. Results of DPS meetings had set forth in minutes of meetings and are well documented. All BNI Life Sharia Supervisory Board has performed its function to oversee and advise the Board of Directors and oversee the Company's activities in order that Company’s Sharia Unit activities are in accordance with Sharia Principles. Fungsi pengawasan tersebut dilakukan terhadap: 1. Kegiatan Unit Syariah di Perusahaan dalam pengelolaan kekayaan dan kewajiban baik dana Tabaru, dana Perusahaan maupun dana investasi Peserta; 2. Produk Asuransi Syariah yang dipasarkan oleh Unit Syariah di Perusahaan; 3. Praktek pemasaran produk Asuransi Syariah yang dilakukan oleh Unit Syariah di Perusahaan; The supervisory function is performed on: 1. Company’s Sharia Units activities in wealth and liabilities management include Tabaru funds, Company funds and Participant's investment funds; 2. Sharia Product Insurance marketed by Sharia Unit in the Company; Dewan Pengawas Syariah juga telah menyerahkan laporan pengawasan Syariah kepada Otoritas Jasa Keuangan, Direksi dan Dewan Syariah Nasional - Majelis Ulama Indonesia (DSN-MUI), yang memuat hasil pengawasan dan kajian terhadap proses pengembangan produk baru meliputi tujuan, karakteristik, kesesuaiannya dengan Fatwa Dewan Syariah Nasional - Majelis Ulama Indonesia, serta tinjauan sistem dan prosedur produk. Dewan Pengawas Syariah memberikan opini umum terhadap pedoman operasional, produk dan jasa yang dikeluarkan BNI Life Syariah serta atas pelaksanaan operasional perusahaan secara keseluruhan dalam laporan tahunan BNI Life. The Sharia Supervisory Board has also submitted a Sharia-based supervisory report to the Financial Services Authority, the Board of Directors and the National Sharia Board - Majelis Ulama Indonesia (DSN-MUI), which contains monitoring and review results of new product development processes including objectives, characteristics, compliance with the National Sharia Council Fatwa - Majelis Ulama Indonesia, as well as product systems and procedures review. The Sharia Supervisory Board also provides general opinion on the operational guidelines, products and services issued by BNI Life Sharia and company's overall operations implementation in BNI Life's annual report. Dewan Pengawas Syariah menilai bahwa pelaksanaan usaha asuransi Syariah di BNI Life sepanjang 2017 telah sesuai dengan ketentuan perundang-undangan yang mengatur prinsip dasar penyelenggaraan usaha asuransi dan usaha reasuransi dengan prinsip syariah, fatwafatwa Dewan Syariah Nasional – Majelis Ulama Indonesia, dan ketentuan lain yang terkait dengan penyelenggaraan usaha asuransi dan usaha reasuransi dengan prinsip syariah. Dewan Pengawas Syariah mendorong untuk ditingkatkan sosialisasi dan pemahaman asuransi syariah kepada segenap stakeholders. Sharia Supervisory Board considers that Sharia business implementation in BNI Life throughout 2017 is in accordance with legislation provisions that governing the implementation basic principles of insurance and reinsurance business with the sharia principles, National Sharia Council - Majelis Ulama Indonesia’ fatwa, and other provisions related to insurance and reinsurance business with sharia. Sharia Supervisory Board encourages to improve the socialization and understanding of sharia insurance to all stakeholders. Laporan Fungsi Pengawasan Pengawas Syariah PT BNI Life Insurance | Laporan Tahunan 2017 3. Sharia Insurance products marketing practice executed by Sharia Unit in the Company;
  41. Apresiasi Appreciation Sebagai pihak yang menjaga unsur kepatuhan terhadap aspek syariah dalam operasionalnya , kami mengucapkan terima kasih atas dukungan dan kepercayaan dari Dewan Komisaris, Direksi, para Pemegang Saham, dan segenap Pemangku Kepentingan lainnya. Kami juga memberikan apresiasi yang sebesar-besarnya kepada seluruh Insan Perusahaan yang telah berkomitmen dan memiliki dedikasi tinggi dalam rangka mencapai pertumbuhan kinerja yang berkelanjutan. Kami juga sampaikan ucapan terima kasih kepada nasabah setia yang selama ini menggunakan jasa dan layanan asuransi Syariah dari BNI Life. Semoga Allah subhanahu wa ta'ala selalu memberikan taufiq, hidayah serta inayah-Nya kepada kita semua untuk dapat mencapai sukses di masa mendatang dan senantiasa merahmati kita semua. Aamiin. In charge in maintaining compliance element with the sharia aspects in its operations, we would like to extend our gratitude for the support and trust given from the Board of Commissioners, the Board of Directors, the Shareholders and Stakeholders. We also would like to give great appreciation to all Company’s personnel who have committed and showed high dedication in order to achieve sustainable growth performance. We also express our gratitude to our loyal customers who have been using Sharia services from BNI Life. May Allah SWT always give His taufiq, guidance and inayah to us all to be able to achieve success in the future and bestow all of us with His blessings. Aameen. Wa billahit taufiq wal hidayah Wassalamu’alaikum Warahmatullahi Wabarakatuh Wa billahit taufiq wal hidayah Wassalamu’alaikum Warahmatullahi Wabarakatuh Management Report Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report Maret 2018 March 2018 Prof. Dr. (HC) K.H. Ma’ruf Amin Ketua Dewan Pengawas Syariah Sharia Supervisory Board Chairman Annual Report 2017 | PT BNI Life Insurance 41
  42. Laporan Manajemen Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report 3 1 1 . K.H. Ma’ruf Amin Ketua Chairman 2. Agus Haryadi Anggota Member 3. Utang Ranuwijaya Anggota Member 42 PT BNI Life Insurance | Laporan Tahunan 2017
  43. Management Report Laporan Dewan Pengawas Syariah Board of Sharia Supervisory Report 2 Annual Report 2017 | PT BNI Life Insurance 43
  44. Laporan Manajemen Laporan Dewan Komisaris Laporan Dewan Komisaris Board of Commissioners Report Board of Commissioners Report Krisna Wijaya Komisaris Utama /Komisaris Independen President Commissioner/Independent Commissioner 44 PT BNI Life Insurance | Laporan Tahunan 2017
  45. Pemegang Saham dan Para Pemangku Kepentingan yang Terhormat , Dear Honorable Shareholders and Stakeholders, Ijinkan kami untuk terlebih dahulu memanjatkan puji dan syukur kehadirat Tuhan Yang Maha Esa atas limpahan nikmat yang diberikanNya. Selanjutnya, kami atas nama Dewan Komisaris melaporkan pokokpokok dari tugas pengawasan Dewan Komisaris terhadap operasional Perusahaan yang dijalankan oleh Direksi dan jajaran manajemen untuk tahun buku yang berakhir pada 31 Desember 2017. Allow us to first offer praise and gratitude to the presence of God Almighty over the abundance of blessings He has given. Furthermore, on behalf of the Board of Commissioners, I would like to report the main points of our oversight duties to the Company's operations carried out by the Board of Directors and the management for the fiscal year ended on December 31, 2017. Penilaian Atas Kinerja Direksi Board of Directors Performance Assessment Pertumbuhan ekonomi Indonesia tahun 2017 tercapai sebesar 5,06%, lebih tinggi dibandingkan pertumbuhan ekonomi tahun sebelumnya yang sebesar 5,02%. Tidak ada gejolak internal maupun pengaruh gelolak perekonomian luar negeri. Dari sektor kuangan khususnya memang terjadi perlambatan pertumbuhan kredit dan demikian juga industri keuangan lainnya termasuk asuransi. Indonesia's economic growth in 2017 reached 5.06%, higher than the previous year's economic growth of 5.02%. There were no internal upheaval nor foreign economy turmoil influence. From the financial sector in particular there was a slowdown in credit growth and so do other financial industries including insurance. Tahun 2017 memang terjadi semacam anomali. Penurunan suku bunga belum secara signifikan menaikkan permintaan kredit. Hal tersebut memberikan indikasi bahwa permintaan kredit tidak sesuai harapan. Hal ini bisa diartikan merupakan bagian dari kehati-hatian para pelaku usaha dengan mengambil sikap secara rasional. Artinya permintaan kredit benar-benar disesuaikan dengan kebutuhannya. Suatu pembelajaran yang baik dalam konteks menjaga stabilitas sistem keuangan. Memang dalam beberapa sektor ada yang masih mengalami turbulensi dalam hal penurunan harga-harga komoditas primer. 2017 was indeed a kind of anomaly. The decline in interest rates has not significantly increased the demand for credit, indicating that credit demand was not as expected. This can be interpreted as part of the business player’s caution by taking a rational attitude, means that credit demand was carefully tailored to its needs. A good lesson in the context of maintaining financial system stability, although some sectors were still experiencing turbulence in terms of decline in prices of primary commodities. Terlepas dari perlambatan pertumbuhan kredit, secara umum pertumbuhan ekonomi Indonesia tahun 2017 berjalan cukup baik dan menjadi salah satu pendorong pertumbuhan industri asuransi. Despite the slowing credit growth, Indonesia's economic growth in 2017 was generally quite good and became one of driving factors of the growth of insurance industry. Dewan Komisaris mengapresiasi inisiatif strategis yang diambil Direksi dalam menyikapi kondisi ekonomi dan bisnis pada tahun 2017. Direksi berupaya untuk membawa Perusahaan bertumbuh sesuai kondisi perekonomian yang ada. The Board of Commissioners appreciates the strategic initiatives taken by the Board of Directors in addressing economic and business conditions during 2017. The Board of Directors sought to bring the Company to grow in accordance with the existing economic conditions. Banyak kreatifitas yang dibuat dalam melihat kondisi pasar sehingga pertumbuhan gross premium BNI Life tahun 2017 mencapai 23% lebih tinggi dari pertumbuhan industri asuransi jiwa secara nasional yaitu sebesar 19%. Hal tersebut tentunya tidak mungkin dapat dilakukan kalau tidak disertai kreatifitas dalam menghadapi pasar. Kreatifitas tersebut berupa produk dan/fitur yang disesuaikan dengan kebutuhan masyarakat. Numerous creativity was produced in viewing the market conditions and led to the growth of gross premium of BNI Life in 2017 reaching 23% higher than the national life insurance industry growth of 19%. This was certainly impossible to achieve if not accompanied by creativity in facing the market. Creativity in the form of products/or features tailored to the needs of the community. Meskipun tumbuh lebih cepat secara umum saya meyakini bahwa prinsip-prinsip bisnis yang baik dan benar tetap dijaga. Sekiranya dijumpai kekurangan di sana sini, masih dapat dikendalikan sejak dini sehingga risiko yang mungkin terjadi dapat dikelola dengan baik. Penjualan single premium misalnya disarankan oleh Dewan Komisaris untuk tidak diteruskan untuk sementara waktu. Penundaan tersebut didasari kepada pemikiran risko dan strategi pencapain kinerja secara keseluruhan. Despite growing faster, in general I believe that the principles of good and sound business were still maintained. If there were shortfalls, it can still be controlled early so that the risks that may occur can be managed properly. Sales of single premium for example, are suggested by the Board of Commissioners to be suspended for a while. This suspension was based on analysis regarding the risks and overall performance achievement strategy. Annual Report 2017 | PT BNI Life Insurance Management Report Laporan Dewan Komisaris Board of Commissioners Report 45
  46. Laporan Manajemen 46 Laporan Dewan Komisaris Board of Commissioners Report Dewan Komisaris juga menilai Direksi telah bekerja dengan sungguhsungguh dan profesional . Meskipun belum di semua indikator pencapaiannya sesuai RKAP 2017, akan tetapi secara keseluruhan kinerja BNI Life terus membaik. The Board of Commissioners also believes that the Board of Directors has worked seriously and professionally. Although not all achievement indicators are in accordance with RKAP 2017, but the overall performance of BNI Life continues to improve. Laba tahun 2017 meningkat menjadi Rp374 miliar atau naik 104% dibandingkan tahun 2016. Fee yang dapat dikontribusikan kepada BNI mencapai Rp454 miliar atau naik 18% dibandingkan tahun 2016. Prestasi lainnya adalah naiknya peringkat BNI Life dalam katagori Gross Premi yang semula menduduki peringkat 12 pada tahun 2016 menjadi peringkat 10 pada tahun 2017. The 2017 profit increased to Rp374 billion or up by 104% compared to 2016. Fee based income reached Rp454 billion, up by 18% compared to 2016. Other achievements are the rising of BNI Life rating in the Gross Premium category, which was originally ranked 12 in 2016 to rank 10 in 2017. Dewan Komisaris menyampaikan apresiasi kepada Direksi yang telah bekerja dengan optimal dan hasilnya luar biasa, jika dibandingkan dengan rata-rata industri. Dewan Komisaris juga menyampaikan agar dengan pencapaian tersebut akan memberikan dampak kepada seluruh pegawai dalam bentuk pemberian insentif sesuai dengan prestasinya. The Board of Commissioners expresses appreciation to the Board of Directors, who has worked optimally and the results were remarkable when compared to the average industry. The Board of Commissioners also conveys that such accomplishment will have an impact on all employees in the form of incentives in accordance with their achievements. Pengawasan Aktif Dewan Komisaris Board of Commissioners Active Supervision Dewan Komisaris melakukan pengawasan aktif terhadap implementasi strategi yang telah ditetapkan Direksi. Pengawasan yang dilakukan Dewan Komisaris dilakukan dengan memantau kinerja dan pencapaian Perusahaan sepanjang tahun 2017. The Board of Commissioners conduct active supervision on strategy implementation set by the Board of Directors. The Board of Commissioners’ supervision was conducted by monitoring the Company’s performance and achievement throughout 2017. Dalam setiap kesempatan rapat Gabungan, Dewan Komisaris selalu meminta penjelasan Direksi terkait progres dari rencana anggaran, kendala yang dihadapi Direksi dan langkah yang ditempuh untuk menghadapi kendala tersebut. Selain itu, Jika dirasa perlu, Dewan Komisaris juga melakukan pengawasan secara langsung dengan meminta penjelasan dari pejabat teknis yang ada di Perusahaan. In every Joint Meeting, the Board of Commissioners always asks the Board of Directors to explain the budget plan progress, the constraints faced and the steps taken by the Board of Directors. In addition, if deemed necessary, the Board of Commissioners also conduct direct supervision by requesting an explanation from the technical officer in the Company. Mekanisme tersebut dilakukan melalui Rapat Komite (Audit, Manajemen Risiko, Remunerasi dan Nominasi), Rapat Komite dengan Dekom dan Rapat Dekom dengan Direksi. Dilakukan setiap bulan untuk Rapat Komite dan Dekom, dan setahun 6 kali Rapat Dekom dengan Direksi. Sedangkan untuk Rapat Komite Renom dilakukan setahun 2 kali. Topiknya berkaitan dengan keuangan dan kinerja perusahaan, temuan audit baik internal dan eksternal, kegiatan operasional, manajemen risiko, pelaksanaan tata kelola perusahaan yang baik (Good Corporate Governent) serta tindak lanjut dari temuan-temuan yang disampaikan oleh audit internal maupun eksternal. The mechanism was carried out through Committee Meetings (Audit, Risk Management, Remuneration and Nomination), Committee Meetings with Board of Commissioners, and Board of Commissioners Meetings with Board of Directors. Committee and Board of Commissioners Meetings were held once a month, and Board of Commissioners and Board of Directors Meetings were held 6 times a year. As for Remuneration and Nomination Committee Meetings were held 2 times a year. The topics were related to the company's financial and performance, internal and external audit findings, operational activities, risk management, good corporate governance and follow-up on findings submitted by internal and external audits. Dalam memberikan rekomendasi diperoleh dari hasil diskusi antara Komite dengan Divisi yang disampaikan kepada Dewan Komisaris, baik berupa dokumen maupun penjelasan-penjelasan yang disampaikan oleh Divisi. Recommendations were made after discussion between Committees and Division that afterward submitted to the Board of Commissioners, either in the form of documents or explanations. PT BNI Life Insurance | Laporan Tahunan 2017
  47. Tujuan dari penyampaian nasihat atau saran adalah agar Direksi memberikan perhatian dan mempertimbangkan atas temuan yang ada agar segera diatasi . Pada umumnya nasihat atau saran yang disampaikan bertujuan agar kinerja perusahaan dapat dicapai sesuai RKAP. Tujuan lainnya adalah untuk memastikan bahwa kegiatan yang dilakukan sesuai dengan GCG dan perturan yang berlaku. The advice or suggestions are given in order for the Board of Directors to pay attention and consider the findings to be addressed immediately. In general, advice or suggestions given are aiming for corporate performance can be achieved according to RKAP. Another purpose is to ensure that activities are carried out in accordance with GCG and applicable regulations. Dewan Komisaris juga melakukan kunjungan ke unit operasional untuk mengetahui dan memahami baik kegiatan maupun permasalahan lainnya yang dihadapi para petugas di lapangan. Hasil kunjungan tersebut juga disampaikan sebagai bagian dari saran. The Board of Commissioners also visits the operational unit to acknowledge and understand both activities and other problems faced by officers in the field. The results of the visit were also presented as part of the advice. Pandangan atas Prospek Usaha View on Business Prospects Perekonomian Indonesia tahun 2018 diperkirakan masih akan mengalami pertumbuhan yang positif, walau tingkat pertumbuhannya diperkirakan masih akan relatif sama dibandingkan tahun 2017. BNI Life pun mematok pertumbuhan ekonomi yang kurang lebih sama dengan tahun 2017 yaitu pada kisaran 5,10-5,20%. Tingkat pertumbuhan tersebut sesuai dengan kemampuan dan kapasitas pemerintah. In 2018, Indonesia's economy is predicted to have positive growth, although its growth rate is estimated to be still relatively the same as 2017. BNI Life also set economic growth that is approximately equal to 2017, in the range of 5.10-5.20%. The rate of growth is in accordance with the capability and capacity of the government. Dewan Komisaris memandang bahwa prospek bisnis 2018 bagi BNI Life sangat menantang dan cenderung ekspansif. Dewan Komisaris memberikan beberapa pendapat di antaranya agar mempunyai berbagai skenario strategi bisnis lainnya mengingat target yang dicapai tidak ringan. Beberapa catatan yang juga disampaikan adalah berkaitan dengan tahun politik di mana pada tahun 2018 bertepatan dengan tahun politik dengan adanya Pilkada serentak. Meskipun secara dampaknya tidak terlalu signifikan akan tetapi Direksi harus tetap mempunyai alternatif strategi dalam pencapaian RKAP 2018. The Board of Commissioners believes that BNI Life’s business prospects in 2018 are very challenging and expansive. The Board of Commissioners provides some opinions to have different business strategy scenarios since the targets are not easy. Some notes are also conveyed related to 2018 as the political year where simultaneous elections will happen. Although the impact may not significant but the Board of Directors must still have an alternative strategy in achieving the 2018 RKAP. Dewan Komisaris memberikan pendapat agar dalam pencapaian RKAP 2018 tetap berpegang kepada GCG serta kepatuhan terhadap semua perturan yang berlaku. Bersaing secara sehat dan rasional dan menguntungkan menjadi perhatian utama Dewan Komisaris. Dengan demikian dapat diharapkan adanya pertumbuhan yang berkesinambungan. Tumbuh secara terukur sekaligus tetap sehat. Tidak kalah pentingnya tentu Dewan Komisaris berharap adanya kesamaan sikap dan semangat dari seluruh pegawai BNI Life dalam mencapai RKAP 2018. Pengalaman pencapaian tahun-tahun sebelumnya harus dijadikan momentum bahwa BNI Life akan terus semakin baik kinerjanya. The Board of Commissioners has an opinion that the Company needs to hold on to GCG and compliance with all applicable regulations in achieving the 2018 RKAP. Competing healthily, rationally and profitably becomes the main concern of the Board of Commissioners. Thus continuous growth can be expected. Grows measurably while staying healthy. Not less important, the Board of Commissioners certainly hopes for the equality of attitude and spirit of all BNI Life’s employees in reaching 2018 RKAP. Previous years’ experience of achievement should be put as momentum that BNI Life will continue to grow in good performance. Tata Kelola Perusahaan Corporate Governance Penerapan Tata Kelola Perusahaan yang Baik atau Good Corporate Governance (GCG) merupakan salah satu hal yang fundamental bagi perusahaan asuransi yang berorientasi pada nasabah. Pada 2017, BNI Life telah menerapkan kelima prinsip GCG yang sesuai dengan Peraturan Otoritas Jasa Keuangan No.73/POJK.05/2016 tentang Tata Kelola Perusahaan Yang Baik Bagi Perusahaan Perasuransian. The Good Corporate Governance (GCG) implementation is one of the fundamental things for a customer-oriented insurance company. In 2017, BNI Life has implemented the five GCG principles in accordance with the Financial Services Authority Regulation No.73/POJK.05/2016 on Good Corporate Governance for Insurance Companies. Annual Report 2017 | PT BNI Life Insurance Management Report Laporan Dewan Komisaris Board of Commissioners Report 47
  48. Laporan Manajemen 48 Laporan Dewan Komisaris Board of Commissioners Report Dewan Komisaris mengapresiasi kemajuan penerapan GCG di lingkungan Perusahaan . Kendati masih belum sempurna, namun struktur dan mekanisme GCG di Perusahaan semakin bertambah baik. Kepatuhan Perusahaan terhadap peraturan perundang-undangan yang berlaku semakin baik. The Board of Commissioners is appreciating the GCG implementation progress in the Company's environment. Although still not perfect, but the GCG’s structure and mechanism in the Company is improving. The Company’s compliance with prevailing laws and regulations is getting better. Dewan Komisaris terus mendorong Direksi untuk meningkatkan kualitas implementasi prinsip GCG dalam operasional Perusahaan sehari-hari. Dewan Komisaris meyakini bahwa GCG akan menjadi faktor yang sangat penting dalam menentukan keberhasilan Perusahaan, bukan saja untuk jangka pendek, tapi untuk jangka panjang. The Board of Commissioners continues to encourage the Board of Directors to improve the quality of GCG principles implementation in the Company's daily operations. The Board of Commissioners believes that GCG will be a very important factor in determining the success of the Company, not only for the short-term, but for the long-term. Dewan Komisaris banyak memberikan saran agar penyesuaian berbagai sistim dan prosedur (SOP) segera dilakukan. Secara bertahap telah banyak yang dilakukan. Ada beberapa yang masih dalam proses. Semuanya selalu menjadi perhatian Dewan Komisaris. Tujuannya agar semua aktifitas ada SOP yang lebih tepat sehingga proses administrasi dan bisnis semakian transparan dan sesuai dengan prinsip-prinsip GCG. The Board of Commissioners has given advice to adjust various system and procedures (SOP) immediately. Gradually, a lot has been done while there are some things that are still in the process. Everything is always a concern of the Board of Commissioners. The goal is that all activities has a more appropriate SOP so that the administrative and business processes are transparent and in accordance with GCG principles. Dewan Komisaris juga menyarankan Direksi untuk merealisasikan sistem pelaporan pelanggaran di lingkungan BNI Life. Dewan Komisaris berpendapat, kendati mekanisme tersebut sejatinya telah berjalan, namun keberadaan sistem yang utuh tetap dibutuhkan, sebagai bagian dari GCG dan Penerapan Manajemen Risiko, apabila WBS tersebut disertai bukti yang akurat, valid dan relevan, maka Dewan Komisaris meminta agar Direksi segera menindak lanjutinya. The Board of Commissioners also advised the Board of Directors to make the whistleblowing system in BNI Life environment in to realization. Although the mechanism was actually in place, the existence of the full system is still needed, as part of GCG and Risk Management Implementation. If the whistleblowing system is accompanied by accurate, valid and relevant evidence, the Board of Directors should follow up immediately. Penilaian Kinerja Komite di Bawah Dewan Komisaris Committees under the Board of Commissioners Performance Assessment Dalam menjalankan fungsi pengawasan, Dewan Komisaris dibantu oleh Komite Audit, Komite Nominasi dan Remunerasi, dan Komite Pemantau Risiko. Sepanjang 2017, komite-komite tersebut telah melaksanakan tugas dan tanggung jawab dengan baik sesuai dengan tugas dan tanggung jawabnya. In performing its oversight function, the Board of Commissioners is assisted by the Audit Committee, the Nomination and Remuneration Committee and the Risk Monitoring Committee. Throughout 2017, these committees have performed well in accordance with their duties and responsibilities. Penilaiannya adalah sampai sejauh mana temuan-temuan yang ada sudah ditindaklanjuti dan memberikan kepastian tidak akan terjadi kembali. Tentunya semua penilaian itu didasari dari capaian kinerja dan laporan keuangannya. Sebagian besar sudah dipenuhi, dan beberapa yang belum diselesaikan telah ada jadwalnya sehingga memudahkan untuk melakukan monitoring. Assessment is to what extent the findings have been followed up and provide certainty that they will not happen again. Of course all the assessment is based on performance and financial performance. Most have been fulfilled, and some that not yet been completed have been scheduled in order to make it easier to monitor. Atas kinerja yang sangat baik tersebut, Dewan Komisaris memberikan apresiasi yang tinggi kepada ketiga Komite tersebut. For the excellent performance, the Board of Commissioners would like to give high appreciation to the three Committees. PT BNI Life Insurance | Laporan Tahunan 2017
  49. Apresiasi Appreciation Atas nama Dewan Komisaris , kami mengucapkan terima kasih dan apreasiasi yang tinggi kepada Direksi dan seluruh karyawan BNI Life atas kerja keras dan dedikasinya sehingga BNI Life dapat membukukan kinerja yang cukup membanggakan pada tahun 2017. Dewan Komisaris juga menyampaikan apresiasi kepada pemegang saham dan pemangku kepentingan atas kepercayaan dan dukungannya selama ini. Selain itu, ucapan terima kasih juga kami sampaikan kepada Dewan Pengawas Syariah atas bimbingan dan arahan yang telah diberikan. On behalf of the Board of Commissioners, we would like to extend our gratitude and high appreciation to the Board of Directors and all employees of BNI Life for their hard work and dedication so that BNI Life can perform proudly in 2017. The Board of Commissioners also expresses appreciation to shareholders and stakeholders on their trust and support all this time. In addition, we would like to thank the Sharia Supervisory Board for the guidance and direction that has been given. Apresiasi tertinggi juga kami berikan kepada seluruh mitra kerja dan nasabah yang turut berpartisipasi serta mendukung BNI Life untuk terus tumbuh dan berkembang. Semoga di tahun-tahun mendatang, hubungan yang selama ini telah terjalin dengan baik akan terus terpelihara. We also would like to send our highest appreciation to all partners and customers, who has participated and supported BNI Life to continue to grow and develop. Hopefully in the coming years, the relationships that have been well established will continue to be maintained. Management Report Laporan Dewan Komisaris Board of Commissioners Report Maret 2018 March 2018 Krisna Wijaya Komisaris Utama/Komisaris Independen President Commissioner/Independent Commissioner Annual Report 2017 | PT BNI Life Insurance 49
  50. Laporan Manajemen Laporan Dewan Komisaris Board of Commissioners Report 2 1 1 . Krisna Wijaya Komisaris Utama/Komisaris Independen President Commissioner/Independent Commissioner 2. Kazuhiko Arai Komisaris Commissioner 3. Darwin Suzandi Komisaris Commissioner 4. Husain Abdullah Komisaris Independen Independent Commissioner 50 PT BNI Life Insurance | Laporan Tahunan 2017
  51. Management Report Laporan Dewan Komisaris Board of Commissioners Report 4 3 Annual Report 2017 | PT BNI Life Insurance 51
  52. Laporan Manajemen Pernyataan Dewan Komisaris dan Direksi Tentang Tanggung Jawab atas Laporan Tahunan 2017 PT BNI Life Insurance Pernyataan Dewan Komisaris dan Direksi Tentang Tanggung Jawab atas Laporan Tahunan 2017 PT BNI Life Insurance Responsibility Statement of The Board of Commissioners and Board of Directors for 2017 Responsibility Statement of The Board of Commissioners and Board of Directors for 2017 Annual Report of PT BNI Life Insurance Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan Tahunan PT BNI Life Insurance Tahun 2017 telah dimuat secara lengkap dan kami bertanggung jawab atas kebenaran isi Laporan Tahunan Perseroan . Demikian pernyataan ini dibuat dengan sebenarnya. We, the undersigned, declare that every information contained in PT BNI Life Insurance Annual Report 2017 has been fully disclosed and take full responsibility for the authenticity of the annual report content. This statement has been made truthfully. Jakarta, Maret 2018 Jakarta, March 2018 Krisna Wijaya Komisaris Utama/Komisaris Independen President Commissioner/Independent Commissioner Kazuhiko Arai Darwin Suzandi Komisaris Commissioner Komisaris Commissioner Husain Abdullah Komisaris Independen Independent Commissioner 52 PT BNI Life Insurance | Laporan Tahunan 2017
  53. Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan Tahunan PT BNI Life Insurance Tahun 2017 telah dimuat secara lengkap dan kami bertanggung jawab atas kebenaran isi Laporan Tahunan Perseroan . Demikian pernyataan ini dibuat dengan sebenarnya. Management Report Pernyataan Dewan Komisaris dan Direksi Tentang Tanggung Jawab atas Laporan Tahunan 2017 PT BNI Life Insurance Responsibility Statement of The Board of Commissioners and Board of Directors for 2017 We, the undersigned, declare that every information contained in PT BNI Life Insurance Annual Report 2017 has been fully disclosed and take full responsibility for the authenticity of the annual report content. This statement has been made truthfully. Jakarta, Maret 2018 Jakarta, March 2018 Geger N. Maulana PLT Direktur Utama/Wakil Direktur Utama Acting President Director/Vice President Director Intan Abdams Katoppo Hirokazu Todaka Direktur Director Direktur Director Naruyoshi Kuwata Direktur Director Annual Report 2017 | PT BNI Life Insurance 53
  54. Profil Perusahaan Company Profile
  56. Data Perusahaan Data Perusahaan Company Data Company Data Profil Prusahaan Nama Name Nama Panggilan Short Name Bidang Usaha Business Field PT BNI Life Insurance BNI Life Asuransi Jiwa Life Insurance Alamat Address Centennial Tower Lt .9, Jalan Gatot Subroto Kav.24-25, Jakarta Selatan Centennial Tower, 9th Floor, Gatot Subroto Street Kav. 24-25, South Jakarta Telepon Phone 021 - 29539999 Faksimlili Facsimile 021 - 29539998 Call Center 1-500-045 SMS Center +62 811 117 626 Homepage www.bni-life.co.id Email Tanggal berdiri Date of Establishment Dasar Hukum Pendirian Legal Basis for Establishment Modal Dasar Authorized Capital Total Ekuitas Total Equity Modal Disetor Paid-Up Capital Kantor Layanan Service Offices Jumlah Karyawan Number of Employees Pemegang Saham Shareholders care@bni-life.co.id corporate.secretary@bni-life.co.id 28 November 1996 Akta Notaris nomor 24 tertanggal 28 November 1996 yang dibuat oleh Notaris Laura Elisabeth Palilingan, SH di Jakarta pengganti dari Koesbiono Sarmanhadi, SH, MH Notaris di Jakarta Notary deed No. 24 dated November 28, 1996 made before/by Notary Laura Elisabeth Palilingan, SH in Jakarta, in lieu of Koesbiono Sarmanhadi, SH, MH notary in Jakarta Rp400.000.000.000 Rp4.670.542.000.000 Rp300.699.133.000 1 Kantor Pusat 7 Kantor Layanan 17 Kantor Pemasaran 39 Kantor Pemasaran Mandiri 1 Head Office 7 Customer Care Center 17 Marketing Offices 39 Marketing Offices 1.275 Orang 1.275 employees • • • • 56 PT BNI Life Insurance | Laporan Tahunan 2017 PT Bank Negara Indonesia (Persero) Tbk (60,000000%) Yayasan Danar Dana Swadharma / Danar Dana Swadharma Foundation (0,000003%) Yayasan Kesejahteraan Pegawai Bank Negara Indonesia / BNI Employee Welfare Foundation (0,000003%) Sumitomo Life Insurance Company (39,999993%)
  57. Sekilas BNI Life Sekilas BNI Life BNI Life at a Glance BNI Life at a Glance PT BNI Life Insurance (here in after "BNI Life" or the "Company") was established based on Notary Deed No. 24 dated November 28, 1996 in Jakarta, which was covered by Laura Elisabeth Palilingan, SH, in lieu of Koesbiono Sarmanhadi, SH, M.H. and endorsed by the Minister of Justice of the Republic of Indonesia No. C2-1787 HT.01.01.Th.97 dated March 14, 1997 and was published in the State Gazette No. 74 Supplement No. 4121 dated 16 September 1997. Awalnya Perseroan bernama PT Asuransi Jiwa BNI Jiwasraya, karena merupakan perusahaan patungan yang dibentuk oleh PT Bank Negara Indonesia (Persero) Tbk., Yayasan Kesejahteraan Pegawai BNI (YKP BNI), Yayasan Danar Dana Swadharma (YDDS) dan PT Asuransi Jiwasraya dengan modal dasar Rp15 miliar dan modal disetor Rp5 miliar. Initially the company named PT Asuransi Jiwa BNI Jiwasraya, because it is a joint venture formed by PT Bank Negara Indonesia (Persero) Tbk., BNI Employee Welfare Foundation (YKP BNI), Danar Dana Swadharma Foundation (YDDS) and PT Asuransi Jiwasraya with the authorized capital of Rp15 billion and paid up capital of Rp5 billion. Pada 26 November 2004, Perseroan mengubah namanya menjadi PT BNI Life Insurance sesuai akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa PT Asuransi Jiwa BNI Jiwasraya nomor 10 yang dibuat di hadapan Ruli Iskandar, SH, Notaris di Jakarta yang disahkan dengan Keputusan Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. C-31600 HT.01.04.TH.2004 tanggal 29 Desember 2004. Dalam rangka memperluas segmen pasar, tahun 2004 BNI Life membentuk Unit Usaha Syariah. On November 26, 2004, the Company changed its name to PT BNI Life Insurance in accordance deed of minutes of meeting certificate PT Asuransi Jiwasraya number 10 deed of Ruli Iskandar, SH, Notary in Jakarta, which was passed by the Minister of Justice and Human Rights of the Republic of Indonesia No. C-31600 HT.01.04.TH.2004 dated December 29, 2004. In order to expand the market segment, BNI Life established Sharia Business Unit in 2004. BNI Life merupakan perusahaan asuransi yang menyediakan berbagai produk asuransi, seperti Asuransi Jiwa, Kesehatan, Pendidikan, Investasi Syariah dan Pensiun. Pendirian BNI Life sejalan dengan kebutuhan perusahaan induknya, PT Bank Negara Indonesia (Persero) Tbk atau BNI, untuk menyediakan layanan dan jasa keuangan terpadu bagi semua nasabahnya (one stop financial services). BNI Life is an insurance company that provides a wide range of insurance products, such as Life, Health, Education Insurance, Sharia Investment and Retirement. The establishment BNI Life is in line with the needs of its parent company, PT Bank Negara Indonesia (Persero) Tbk or BNI, to provide integrated financial services to all its customers (one stop financial services). Pada 2014, komposisi kepemilikan saham BNI Life adalah 60,000000% dimiliki oleh BNI; 39,999993% dimiliki oleh Sumitomo Life Insurance Company; 0,000003% dimiliki oleh Yayasan Kesejahteraan Pegawai BNI (YKP BNI) dan 0,000003% dimiliki oleh Yayasan Danar Dana Swadharma (YDDS). In 2014, the share ownership composition of BNI Life was 60.000000% owned by BNI; 39.999993% owned by Sumitomo Life Insurance Company; 0.000003% owned by BNI Employee Welfare Foundation (YKP BNI) and 0.000003% owned by Danar Dana Swadharma Foundation (YDDS). Kronologis Perubahan Nama Name Change Chronology PT Asuransi Jiwa BNI Jiwasraya • Akta Notaris No. 24 tanggal 28 November 1996 • Keputusan Menteri Kehakiman Republik Indonesia No.C2-1787.HT.01.01.Th.97 tanggal 14 Maret 1997 PT BNI Life Insurance • Keputusan Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. C-31600 HT.01.04 tanggal 29 Desember 2004 • • • Notary Deed No. 24 dated November 28, 1996 Decree of Minister of Justice of Republic of Indonesia No. C2-1787.HT.01.01.Th.97 dated March 14, 1997 Company Profile PT BNI Life Insurance (selanjutnya disebut “BNI Life” atau “Perseroan”) didirikan berdasarkan Akta Notaris No. 24 tanggal 28 November 1996 di Jakarta, yang diaktakan oleh Laura Elisabeth Palilingan, S.H., sebagai pengganti dari Koesbiono Sarmanhadi, S.H., M.H. dan disahkan dengan Keputusan Menteri Kehakiman Republik Indonesia No. C2-1787 HT.01.01.Th.97 tanggal 14 Maret 1997 serta diumumkan dalam Lembaran Berita Negara No. 74 Tambahan No. 4121 tanggal 16 September 1997. Decree of Minister of Law and Human Rights of Republic of Indonesia No. C-31600 HT.01.04 dated December 29, 2004 Annual Report 2017 | PT BNI Life Insurance 57
  58. Jejak Langkah BNI Life Jejak Langkah BNI Life BNI Life Milestones BNI Life Milestones Profil Prusahaan PT BNI Life Insurance (BNI Life) merupakan perusahaan asuransi yang menyediakan berbagai produk asuransi seperti Asuransi Kehidupan (Jiwa), Kesehatan, Pendidikan, Investasi, Pensiun dan Syariah. PT BNI Life Insurance (BNI Life) is an insurance company that provides various insurance products such as Life, Health, Education, Investment, Pension and Sharia Insurance. Dalam menyelenggarakan kegiatan usahanya, BNI Life telah memperoleh izin usaha di bidang Asuransi Jiwa berdasarkan surat dari Menteri Keuangan No.305/KMK.017/1997 tanggal 7 Juli 1997. In conducting its business activities, BNI Life has obtained a business license in the field of Life Insurance based on the letter from the Minister of Finance No. 305/KMK.017/1997 dated July 7, 1997. Pendirian BNI Life, sejalan dengan kebutuhan perusahaan induknya, PT Bank Negara Indonesia (Persero) Tbk atau BNI, untuk menyediakan layanan dan jasa keuangan terpadu bagi semua nasabahnya (one-stop financial services). The establishment of BNI Life, in line with the need of its parent company, PT Bank Negara Indonesia (Persero) Tbk or BNI, to provide integrated financial services to its customers (one-stop financial services). Saat ini BNI Life telah hadir melalui 4 saluran distribusi yaitu Agency, Bancassurance, Employee Benefits dan Syariah. Agency dipasarkan melalui agen-agen yang memasarkan produk individu, sedangkan Bancassurance dipasarkan melalui jaringan BNI di seluruh Indonesia. Employee Benefits dikhususkan bagi produk-produk asuransi kumpulan ke perusahaan-perusahaan, sedangkan Syariah memasarkan produk asuransi baik individu, ataupun kumpulan dengan prinsip Syariah. To date, BNI Life has been present through 4 distribution channels, namely Agency, Bancassurance, Employee Benefits and Sharia. The Agency is marketed through agents marketing individual products, while Bancassurance is marketed through BNI network throughout Indonesia. Employee Benefits is devoted to group insurance products to companies, while Sharia markets individual or group insurance products with Sharia principles. PT Asuransi Jiwa BNI Jiwasraya didirikan pada 28 November 1996 Berkantor di Jl. RP Soeroso No. 41 Menteng, Jakarta. Dengan modal dasar pendirian Rp15 miliar dan jumlah karyawan 5 orang. 1996 Membentuk saluran distribusi AGENCY Kantor Pemasaran Pertama: KP Mangga Dua 2002 • Kantor pusat PT Asuransi Jiwa BNI Jiwasraya pindah ke Gedung BNI Jalan Lada, Jakarta Kota. • Membuka kantor pemasaran baru: Jakarta, Bandung, Surabaya dan Denpasar. 2003 • Secara resmi berubah nama menjadi PT BNI Life Insurance • BNI Life membuka Unit Usaha SYARIAH • Memperluas jaringan kantor pemasaran di Jakarta, Medan & Surabaya. 2004 • Membentuk saluran distribusi EMPLOYEE BENEFITS • Memperluas jaringan kantor pemasaran di Makassar, Samarinda, dan Semarang. • BNI Life memperkuat lini layanan nasabah dengan pembentukan UNIT CUSTOMER CARE. 58 PT BNI Life Insurance | Laporan Tahunan 2017 2005 PT Asuransi Jiwa BNI Jiwasraya was founded on 28 November 1996, located on Jl. RP. Soeroso No.41 Menteng, Jakarta, with authorized capital of IDR15 billion and Total Employee 5 person. Shaping AGENCY Distribution Channel The First Marketing Office : Mangga Dua marketing office. Head Office PT Asuransi Jiwa BNI Jiwasraya moved to BNI Building• on Jl. Lada, Jakarta Kota Marketing office was opened: Jakarta, Bandung, Surabaya and• Denpasar Officially turned renamed PT BNI Life Insurance• BNI Life was opened of Sharia Business Unit• expand marketing office networks at Jakarta, Medan & Surabaya• • Established EMPLOYEE BENEFITS distribution channel • Expand the marketing offices network in Makassar, Samarinda, and Semarang. • BNI Life strengthened its customer service line with the establishment of CUSTOMER CARE UNIT.
  59. Jejak Langkah BNI Life BNI Life Milestones Company Profile Meluncurkan unit TELEMARKETING Kantor Pusat BNI Life pindah ke Jl . KS Tubun No. 67, Jakarta. 2006 launching of TELEMARKETING unit BNI Life Head office was relocated on Jl. KS Tubun No.67, Jakarta Revitalisasi Bisnis BANCASSURANCE IN-BRANCH dengan menempatkan Bancassurance Specialist di Kantor-kantor cabang BNI. 2007 Revitalization of BANCASSURANCE IN-BRANCH Business by placing Bancassurance Specialist in BNI branch offices. PT Bank Negara Indonesia Tbk (Persero) menempatkan penyertaan modal sebesar Rp99.999.771.725,- 2009 PT Bank Negara Indonesia Tbk (Persero) placed equity capital as much as Rp99,999,771,725. • Kantor Pusat BNI Life pindah ke Landmark Center 21st floor Jl. Jend. Sudirman No. 1, Jakarta • BNI memperbesar kepemilikan sahamnya pada perusahaan asuransi jiwa BNI Life menjadi 99,99%. • Menjalin kemitraan strategis BNI dan Sumitomo Life dengan saham baru senilai Rp4,2 trilliun. • Dengan kepemilikan saham baru tersebut, komposisi kepemilikan saham BNI Life resmi menjadi: BNI sebesar 60% saham Sumitomo Life sebesar 39,999993% saham Danar Dana Swadharma Foundation sebesar 0,00003% saham BNI Employee Welfare Foundation 0,00003% saham 2012 BNI Life Head office was relocated on Landmark Center 21st floor Jl.• Jend. Sudirman No. 1, Jakarta BNI strengthened its ownership of BNI Life Insurance Company by owning• 99.99% share 2013 Established strategic partnership of BNI and Sumitomo Life with new• .shares worth Rp4.2 trillion With the new share ownership, the composition of BNI Life’s authorized• shareholders wre: BNI amounted to 60% shares Sumitomo Life amounted to 39.999993% shares Yayasan Danar Dana Swadharma amounted to 0.00003% shares Yayasan Kesejahteraan Karyawan Bank Negara Indonesia amounted to 0.00003% shares Resmi menjadi perusahaan Joint Venture pada tahun 2014 2014 Became an official joint venture company in 2014 Memfokuskan layanan nasabah dengan membuka kantor layanan nasabah di Surabaya, Bandung, Denpasar, Palembang dan Semarang 2015 Focusing customer service by opened service offices customers in Surabaya, Bandung, Denpasar, Palembang and Semarang Menambah saluran distribusi baru, EMPLOYEE BENEFITS - Business Banking Membuka Kantor Layanan Nasabah di Yogyakarta 2016 Added new distribution channel-EMPLOYEE BENEFITS-Business Banking Opened a services office in Yogyakarta • Membuka VIP Lounge di RS Pusat Pertamina, Jakarta • Membuka Kantor Layanan Nasabah di Landmark Center, Jakarta • Kantor Pusat BNI Life pindah ke Gedung Centennial, Jl. Gatot Subroto, Jakarta • BNI Life Training Center, pusat pelatihan karyawan dan tenaga pemasar berada di Jl. KS Tubun No. 67 Jakarta Pusat. • Saat ini, BNI Life terdiri atas • Bancassurance Outlet tersebar di 34 provinsi di Indonesia • Kantor Pemasaran berada di lebih dari 50 kota besar di Indonesia • Kantor Layanan Nasabah berada di 7 kota • Unit Telemarketing berada di K-Link Tower dan SME Tower, Jakarta • Jumlah karyawan BNI Life saat ini, lebih dari 1200 orang • Jumlah Tenaga Pemasar pada tahun 2017 sebanyak 5.710 2017 Opening of VIP Lounge at Pertamina Central Hospital, Jakarta• Opening of Customer Service Office at Landmark Center, Jakarta Jakarta• BNI Life Head Office moved to Centennial Building, Jl. Gatot Subroto, Jakarta• BNI Life Training Center, employee and sales force training center and are on Jl• KS Tubun No. 67 Central Jakarta. Currently, BNI Life consists of• Bancassurance Outlets spread over 34 provinces in Indonesia• Marketing Offices located in more than 50 major cities in Indonesia• Customer Service Offices located in 7 cities• The current number of BNI Life employees, over 1200 employees• Number of sales force in 2017 as much as 5.710• Annual Report 2017 | PT BNI Life Insurance 59
  60. Makna Logo BNI Life Makna Logo BNI Life The Meaning of BNI Life Logo The Meaning of BNI Life Logo Profil Prusahaan 60 PT BNI Life Insurance memiliki identitas perusahaan yang selaras dengan identitas PT Bank Negara Indonesia (Persero) Tbk sebagai perusahaan induk. Pembaruan logo telah dilakukan pada 2004. Simbol 46 melambangkan tahun berdiri BNI dan mencerminkan sejarah sebagai bank nasional pertama yang dibentuk di Indonesia setahun pasca kemerdekaan di tahun 1945. Posisi simbol yang diagonal dikelilingi kotak oranye melambangkan cara berpikir dan aspirasi BNI Life yang maju. PT BNI Life Insurance has a corporate identity that is consistent with t he identity of PT Bank Negara Indonesia (Persero) Tbk as the parent company. Logo updates were made in 2004. The 46 logo symbolizes the year where BNI was established and reflects its history as the first national bank established in Indonesia a year after independence in 1945. The position of the diagonal symbol surrounded by an orange box symbolizes the advanced thinking and aspirations of BNI Life. Huruf pada logo BNI dirancang untuk mencerminkan kekuatan, otoritas dan kewibawaan BNI Life, sekaligus tetap menyiratkan citra yang modern dan maju. Jenis huruf dirancang khusus secara manual sehingga menghasilkan huruf logo yang orisinal, unik dan terkesan canggih. The Letters in BNI logo are designed to reflect the power, authority, and prestige of BNI Life, while still giving a modern and advanced image. The specially designed manual typeface is from the original, unique and sophisticated logo letters. Warna-warni pada identitas BNI memberi kesan segar dan menarik, dengan tetap mempertahankan nuansa historis dari warna turquoise dan oranye. Warna turquoise yang lebih dalam menyiratkan citra stabil dan menonjol, sementara warna oranye cerah menyiratkan kepercayaan diri dan kesan dinamis. The BNI identity colors give the impression of fresh and exciting, while maintaining historical nuances with the colors turquoise and orange. The deep turquoise implies a stable image that stands out, while the bright orange color implies a confident and dynamic impression. Konsistensi keberadaan corporate identity dilakukan Perusahaan melalui peningkatan pengetahuan publik terhadap Perusahaan melalui penempatan iklan di media massa nasional. Adapun informasi yang diberikan BNI Life melalui media massa menunjukkan bahwa Perusahaan berupaya memberikan ragam produk unggulan terlengkap bagi masyarakat Indonesia. The existence of corporate identity is consistently present through increasing public knowledge of the Company through advertisements in the national media. BNI Life provides information through the mass media to show that the company is working to provide the most complete range of superior products for the Indonesian people. Salah satu upaya tersebut dilakukan dengan terus meningkatkan layanan dan kualitas layanan, seperti Speedy Claim 25 menit dan One Day Service untuk pembayaran manfaat polis produk tradisional. Kedua layanan ini diberikan guna memberikan kenyamanan bagi para nasabah. Selain itu, informasi produk yang dipublikasikan berupa produk asuransi kesehatan baru, Spectra Health Care. Produk ini diharapkan dapat memenuhi kebutuhan masyarakat akan produk asuransi kesehatan yang lengkap, fleksibel dan terjangkau. Efforts to improve services and the quality of services among others are 25 minutes Speedy Claim and One Day Service for payment of policy benefits for traditional products. Both services provide comfort for the customers. In addition, the published product information in the form of new health insurance product, Spectra Health Care. This product is expected to meet the community’s need for comprehensive, flexible and affordable health insurance products. PT BNI Life Insurance | Laporan Tahunan 2017
  61. Bidang Usaha BNI Life Bidang Usaha BNI Life BNI Life Business Field BNI Life Business Field In accordance with the Company ’s latest Articles of Association, as stated in Deed No. 44 dated August 29, 2014 regarding Amandment of Articles of Association made before Fathiah Helmi, SH Notary in Jakarta, and has been approved by Decree of the Minister of Justice and Human Rights of the Republic of Indonesia No. AHU-05635.40.21.2014 Year 2014, in article 3 states that: Maksud dan Tujuan Serta Kegiatan Usaha 1. Maksud dan tujuan Perseroan adalah menjalankan usaha dalam bidang asuransi jiwa termasuk usaha asuransi jiwa dengan prinsip Syariah. 2. Untuk mencapai maksud dan tujuan tersebut di atas, Perseroan dapat melaksanakan kegiatan usaha sebagai berikut: a. Melaksanakan, membuat, melakukan, menerima dan menutup setiap dan semua perjanjian-perjanjian dalam bidang usaha asuransi jiwa; b. Memberikan jasa dalam penanggulangan resiko yang dikaitkan dengan hidup atau meninggalnya seseorang yang dipertanggungkan; c. Mendirikan atau turut serta mendirikan badan-badan usaha lainnya yang mempunyai maksud dan tujuan Perseroan yang sama satu dan lainnya tanpa mengurangi persetujuan dari yang berwenang; d. Menjalankan segala kegiatan dan usaha untuk mencapai maksud dan tujuan tersebut, baik atas tanggungan sendiri maupun bersama-sama dengan pihak lain dengan cara dan bentuk yang sesuai dengan keperluan Perseroan serta dengan mengindahkan peraturan perundangan yang berlaku untuk itu Perseroan berhak bekerja sama termasuk tetapi tidak terbatas secara patungan dan juga berhak untuk mendirikan atau turut menjadi pemegang saham dari badan hukum lain baik dari dalam maupun luar negeri yang mempunyai maksud dan tujuan yang sama dengan maksud dan tujuan perseroan ini; Purpose and Objectives as well as Business Activities 1. The purpose and objective of the Company is to conduct business in life insurance including life insurance business with sharia principles. Kegiatan Usaha yang Dijalankan Pada Tahun Buku Business Activities Conducted during the Fiscal Year Pada tahun 2017, BNI Life sudah menjalankan seluruh kegiatan usaha yang terdapat pada Anggaran Dasar Perseroan. In 2017, BNI Life has performed all business activities contained in the Company’s Articles of Association. Produk dan Layanan BNI Life BNI Life Products and Services BNI Life berbagai produk yang pemasarannya dibedakan menjadi 4 (empat) layanan jalur distribusi, yaitu: BNI Life has various products that are divided into 4 (four) distribution channels, namely: • • INDIVIDU A. Jiwa 1. BLife Term Pro Asuransi berjangka yang dirancang untuk memberikan perlindungan untuk menjamin kelanjutan pendapatan apabila Tertanggung meninggal dunia/cacat tetap total dengan 2 pilihan manfaat pada saat Tertanggung mencapai akhir masa pertanggungan: • 110% Pengembalian Premi • Tanpa Pengembalian Premi 2. BNI Life Pandai + Perlindungan jiwa dan kesehatan optimal dengan pembayaran minimal 2. Company Profile Sesuai dengan Anggaran Dasar Perusahaan yang terakhir, yang tertuang dalam Akta No. 44 tanggal 29 Agustus 2014 tentang Perubahan Anggaran Dasar yang dibuat di hadapan Fathiah Helmi, SH Notaris di Jakarta, dan telah disetujui melalui Keputusan Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-05635.40.21.2014 Tahun 2014, pada pasal 3 menyebutkan bahwa: To achieve the aforementioned purposes and objectives, the Company may carry out the following business activities: a. Implement, create, perform, receive and close any and all forms of agreements in the field of life insurance. b. Provide services in dealing with the risks associated with life or death of an insured person. c. Establish or participate in setting up business entities, for the sole purpose of the company and without reducing the approval of the authorities. d. Conduct all activities and efforts to achieve its purposes and objectives, either on own account or jointly with other parties in the manner and form in accordance with the purposes of the Company as well as with regard to applicable legislation. To that end, the Company reserves the right to cooperate, including but not limited to jointly and also has the right to establish or contribute to the shareholders of other legal entities from both within and outside the country who have the same purposes and objectives with the purposes and objectives of this company. INDIVIDUAL A. Life 1. BLife Term Pro Term insurance designed to provide protection to ensure the continuation of income if the insured dies/suffers from total permanent disability with 2 benefit choices when the insured reaches the end of the insurance period: • 110% Premium Refund • Without Premium Refund 2. BNI Life Pandai + Optimum life and health protection with minimum payment. Annual Report 2017 | PT BNI Life Insurance 61
  62. Bidang Usaha BNI Life BNI Life Business Field Profil Prusahaan 62 B . Kesehatan 1. BNI Life Plan Multi Protection Merupakan produk asuransi dengan manfaat perlindungan dan investasi yang bisa menjamin ketersediaan dana di masa datang. Keunggulannya ialah pembayaran premi fleksibel, premi ringan, bisa ditambahkan asuransi tambahan (rider), bebas menambah dana investasi kapan saja, bebas biaya administrasi pada tahun pertama dan dikelola oleh manajer investasi yang terpercaya. C. Pendidikan 1. Blife Plan Multi Protection - Edu Plan Produk asuransi dan investasi perencanaan keuangan yang bertujuan untuk perlindungan dana pendidikan buah hati di setiap jenjang pendidikan. D. Investasi 1. Blife Specta Multi Link 2. Hy-End Pro 3. Specta Double Power 4. Blife Plan Multi Protection – Estate Plan E. Hari Tua 1. Blife Plan Multi Protection – Pension Plan B. Health 1. BNI Life Plan Multi Protection Insurance product with protection and investment benefits that can ensure the funds availability in the future. The advantages are flexible premium payment, light premium, additional insurance (rider), free to add investment fund at anytime, free administration fee in the first year and managed by a trusted investment manager. C. Education 1. Blife Plan Multi Protection – Edu Plan Insurance and investment financial planning product with the purpose to protect our children's education fund at every level of education. Investment 1. Blife Specta Multi Link 2. Hy-End Pro 3. Specta Double Power 4. Blife Plan Multi Protection – Estate Plan Retirement 1. BLife Plan Multi Protection – Pension Plan D. E. • BISNIS A. Kesehatan 1. Optima Cash Plan 2. Optima Group Healt 3. Optima Group Life 4. Optima Executive Saving 5. Optima Group Protection B. Jiwa 1. Optima Group Life 2. Optima Executive Saving 3. Optima Group Protection • BUSINESS A. Health 1. Optima Cash Plan 2. Optima Group Health 3. Optima Group Life 4. Optima Executive Saving 5. Optima Group Protection B. Life 1. Optima Group Life 2. Optima Executive Saving 3. Optima Group Protection • SYARIAH A. Investasi 1. Investa Plus 2. Sakinah Multipro Link 3. Sakinah Investa Link • SHARIA A. Investment 1. Investa Plus 2. Sakinah Multipro Link 3. Sakinah Investa Link PT BNI Life Insurance | Laporan Tahunan 2017
  63. Visi , Misi dan Nilai Perusahaan Visi, Misi dan Nilai Perusahaan Company Vision, Mission, and Value Company Vision, Mission, and Value Company Profile Visi Vision Menjadi Perusahaan Asuransi Terkemuka Kebanggaan Bangsa To Become the Leading Life Insurance Company in the Country Misi Mission Memberikan perencanaan masa depan dan perlindungan yang terpercaya dengan layanan prima dan kinerja keuangan yang optimal untuk mewujudkan kehidupan bangsa yang lebih berkualitas. To provide a reliable future planning and protection with excellent service and optimum financial performance to improve the quality of life of the nation. Dewan Komisaris beserta Direksi telah bersama-sama membahas, mengkaji dan menyetujui Makna, Visi dan Misi secara mendalam dan telah berkomitmen dalam melaksanakan hal tersebut guna menghadapi dinamika bisnis yang selalu berubah. Pelaksanaan Makna, Visi dan Misi tersebut termaktub dalam Memo Direktur Utama No. 017/MEMO/ DIR-01/XII/2012 tanggal 10 Desember 2012. The Board of Commissioners and the Board of Directors have jointly discussed, reviewed and approved the Meaning, Vision and Mission in an in-depth manner and have committed to implement them in order to face the ever-changing business dynamics. The implementation of the Meaning, Vision and Mission is stipulated in President Director Memo No. 017/ MEMO/DIR-01/XII/2012 dated December 10, 2012. Nilai-Nilai Perseroan Company Values Nilai-nilai Perusahaan merupakan hal pokok yang menjadi inti dari falsafah bekerja dalam Perseroan. Nilai-nilai ini dijadikan acuan bagi seluruh karyawan dalam melakukan aktivitas perusahaan untuk mencapai keberhasilan secara keseluruhan. Dewan Komisaris dan Direksi pun berkomitmen untuk memimpin BNI Life dengan dasar nilainilai Perseroan yang dipahami oleh semua Insan BNI Life dengan baik. Dengan metode kepemimpinan ini, diyakini BNI Life dapat mencapai kinerja keuangan yang baik. The Company Values serve as the core of the Company’s work philosophy. These values are used as reference for all employees in conducting the Company’s activities to achieve success. The Board of Commissioners and the Board of Directors are committed to lead BNI Life based on the company values that are well-understood by all employees of BNI Life. With this leadership, we believe that BNI Life will achieve a good financial performance. Annual Report 2017 | PT BNI Life Insurance 63
  64. Visi , Misi dan Nilai Perusahaan Company Vision, Mission, and Value Profil Prusahaan Passion for Excellence Trust Customer Oriented Team Work NILAI-NILAI PERUSAHAAN COMPANY VALUES INTEGRITY 64 Innovative Embrace Change Integrity Integrity Menjunjung tinggi kejujuran dan keselarasan dalam pemikiran, perkataan serta perbuatan. To uphold the utmost honesty and harmony in mind, words and deeds. Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Berkata dan bertindak dalam kebenaran sesuai fakta yang ada. • Memelihara konsistensi perkataan dan perbuatan dalam situasi apapun. • Melaporkan kecurangan, pelanggaran etika dan serta kelalaian prosedur yang merugikan Perusahaan. • Bersungguh-sungguh dalam menjalankan tanggung jawab sesuai komitmen profesional. • Membicarakan hal-hal positif, berprasangka baik kepada orang lain dan memiliki semangat memberikan kontribusi terbaik kepada Perseroan. BNI Life employees should: • Speak and do everything based on truth. • Maintain consistence in words and deeds in any circumstances. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Memberikan janji di luar kemampuan dan kewenangan. • Melakukan perbuatan/rekayasa memanipulasi data dan fakta. • Melakukan suap, kecurangan dan pelanggaran prosedur yang merugikan Perseroan. • Bersikap pamrih atau mengharapkan sesuatu dari pelanggan. • Mudah berubah sikap tidak memiliki pendirian tetap dan mudah dipengaruhi negatif orang lain. • Arogan, memandang rendah dan memperlakukan orang lain tidak adil. BNI Life employees should not: • Make a promise beyond their capability and authority. • Do/devise any manipulation of data and facts. • Bribe, cheat and transgress the procedures that disadvantage the Company. • Expect a reward or something from the customers. • Act volatile, hold no principle and give in to negative influence from others. • Be arrogant, look down on others and treat others unfairly. PT BNI Life Insurance | Laporan Tahunan 2017 • • • Report any fraud, unethical misbehavior and procedural fault, which disadvantage the Company. Carry out responsibilities honestly according to professional commitment. Talk about positive things, have positive presumption toward others and have a high spirit to contribute the best performance to the Company.
  65. Visi , Misi dan Nilai Perusahaan Company Vision, Mission, and Value Costumer Oriented Memberikan kualitas pelayanan kebutuhan pelanggan internal dan eksternal melebihi dari yang mereka harapkan. To serve the internal and external customers’ needs better than their expectation. Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Memberikan senyum, salam dan sapa dengan keramahan yang tulus kepada seluruh pelanggan. • Memberikan kualitas pelayanan prima yang sama kepada semua pelanggan tanpa pilih kasih. • Mendengarkan dengan empati, setiap kebutuhan dan keluhan pelanggan. • Memberikan solusi yang tepat sesuai kondisi dan harapan setiap pelanggan. BNI Life employees should: • Smile, greet and meet all customers sincerely. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Bersikap tidak ramah, tidak sopan dan tidak sabar menghadapi pelanggan. • Berbelit-belit menyampaikan informasi dan menyulitkan proses pelayanan kepada pelanggan. • Menyalahkan pelanggan dan menolak bertanggung jawab atas keluhan yang disampaikan pelanggan. • Memberi data dan informasi yang tidak sesuai serta berbohong untuk meyakinkan pelanggan. • Membuat pelanggan menunggu terlalu lama untuk pelayanan yang dapat segera diberikan. BNI Life employees should not: • Show unfriendliness, impoliteness and impatience in serving the customers. • Give lengthy information and make service difficult to the customers. Trust Trust Dapat dipercaya dan teguh memegang amanah dalam memenuhi janji baik kepada nasabah maupun rekan kerja. Trustworthy and firm in our belief to fulfill our promises to both customers and work partners. Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Bertanggung jawab menyelesaikan tugas dengan tuntas tepat waktu. • Memiliki kepercayaan dan keyakinan akan kemampuan rekan sekerja dan bersikap adil memperlakukan orang lain seperti terhadap diri sendiri. • Bekerja karena amanah, memberi manfaat kesejahteraan lahir dan batin kepada semua orang. • Dapat dipercaya dan diandalkan untuk selalu mengerjakan tugas dengan penuh tanggung jawab kapanpun diberikan kesempatan. BNI Life employees should: • Be responsible for completing jobs on time. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Berprasangka buruk terhadap orang lain dan kepada Perusahaan. • Sering ingkar, tidak jujur dan berbohong. • Mengambil hak orang lain. • Mengelak tugas saat diberikan kesempatan dan tidak bertanggung jawab menyelesaikannya. • Membocorkan data dan informasi rahasia perusahaan dan pelanggan kepada pihak luar yang tidak berkepentingan. BNI Life employees should not: • Develop bad prejudice to others and to the Company. • Break promises, be dishonest and tell a lie. • Taking somebody’s right. • Evade responsibility and do a job irresponsibly. • • Deliver prime quality service to all customers irrespective of their backgrounds. Listen to customers’ needs and complaints emphatically. • Offer the right solution to the customers’ condition as they expect. • Blame the customers and refuse to accept customers’ complaints. • Provide false data and information for the customers and deceive them in order to win their trust. Keep the customers waiting for a long time to receive a service that can be delivered instantly. • • Have trust and conviction in their partners’ competence and treat others with justice as they do to themselves. • Work based on mandate; provide spiritual and material welfare to people. Be trustworthy and reliable in doing their jobs responsibly every time they receive a job. • • Company Profile Costumer Oriented Leak any classified data and information of the Company and customers to other people who are not concerned. Annual Report 2017 | PT BNI Life Insurance 65
  66. Visi , Misi dan Nilai Perusahaan Company Vision, Mission, and Value Profil Prusahaan 66 Passion For Excellence Passion For Excellence Selalu memberikan hasil kerja terbaik dan terus meningkatkan keahlian. Always give the best result and continuously improve our skills. Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Selalu melakukan perbaikan diri dan team secara terus menerus tanpa diminta. • Bekerja efisien sesuai SOP; tepat waktu, tepat kualitas dan tepat target. • Responsif terhadap customer internal dan eksternal. • Mengikuti perkembangan teknologi, mengasah ketrampilan kerja serta peka membaca kebutuhan/tren pasar terkini. • Menetapkan standar tinggi sebagai indikator keberhasilan kerja. BNI Life employees should: • Always improve own and group’s competence continuously without being asked. • Work efficiently according to the Standard Operational Procedure; complete the job according to the timeframe, quality and target. • Be responsive to the needs of internal and external customers. • Update the technological development, improve working skills and understand the most current needs or trends of the market. • Set a high standard to indicate their success in doing the job. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Mengunakan waktu kerja untuk kegiatan non-produktif. • Mengabaikan dan sengaja mengalihkan tugas kepada orang lain yang tidak kompeten. • Malas, menunda pekerjaan dan mengabaikan prioritas tugas. • Bekerja dengan performa rendah. • Berpikir sempit dan berorientasi jangka pendek saja. • Mudah puas dengan pencapaian yang ada dan keahlian yang telah dimiliki. BNI Life employees should not: • Waste the time doing unproductive things. • Ignore and intentionally give the task to somebody incompetent. Team Work Team Work Membina sinergi dan kerja sama antar individu dengan optimal untuk mencapai tujuan yang ditetapkan bersama. To foster synergy and optimize cooperation among individuals to achieve the collective goals. Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Selalu mengedepankan koordinasi. • Memelihara sinergi dan toleransi di atas perbedaan yang ada. • Mendahulukan kepentingan bersama/Perusahaan. • Saling menghargai, mempercayai dan memberikan dukungan. • Berprasangka baik terhadap orang lain, menggunakan komunikasi efektif dan memelihara interaksi positif saat bekerja dalam team. BNI Life employees should: • Prioritize coordination with others. • Keep the synergy and tolerance above differences. • Prioritize the common interest or the Company’s interest. • Respect, trust and support one another. • Have a good presumption toward others, communicate effectively and maintain a positive interaction when working in a team. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Memaksakan kehendak. • Dapat bekerja dalam team hanya dengan orang-orang tertentu saja. • Bersikap culas, penuh prasangka negatif dan merasa diri paling benar. • Saling melempar tanggung jawab, cepat menyalahkan orang lain dan meremehkan kemampuan individu lainnya. • Bekerja sendiri dan menganggap bukan bagian team. • Menindas dan menjadi dominan atas orang lain. BNI Life employees should not: • Force others against their will. • Work in a team comprising of people of their own choice. Innovative Innovative Menggunakan dengan maksimal semua sumber daya yang ada dengan kreativitas tinggi untuk menghasilkan perbaikan dan perubahan berkala. Maximize the use of all available resources with high creativity in order to generate improvements and periodical change. PT BNI Life Insurance | Laporan Tahunan 2017 • • • • • • • • Be lazy, procrastinating and ignore the task priority. Underperform. Be narrow-minded and short-term minded. Feel satisfied by their current achievement and skills they have. Act cunningly against others, develop negative presumption of all sorts and think they are the right while others are wrong. Evade responsibilities, be quick to blame others and underestimate others’ competence. Work by themselves and think that they are not member of a team. Oppress and dominate others.
  67. Visi , Misi dan Nilai Perusahaan Company Vision, Mission, and Value BNI Life employees should: • Think out of the box and be open-minded. • Feel optimistic and should not lose the spirit easily. • Have a visionary outlook and anticipate the likely challenges. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Resisten terhadap perubahan. • Merasa terbaik dan enggan keluar dari zona nyaman. • Pasif dan tidak peduli dengan keberlangsungan usaha. • Berpikir negatif saat menghadapi kendala, ketimbang mencari solusi. • Mematikan gagasan dengan sikap pesimis dan mudah menyerah. BNI Life employees should not: • Be resistant towards changes. • Develop arrogance and reluctance to get out of comfort zones. • Passive and unconcerned about business continuity • Think negatively when handling a problem instead of finding a solution. • Discourage any ideas because of some pessimistic feeling and easily give up when handling a problem. • Offer many ideas without real planning. • Memiliki banyak ide tanpa orientasi rencana tindakan yang aplikatif. • • Improve consistently. Maximize the use of all potentials and resources to improve the system and efficiency and increase productivity. Embrace Change Embrace Change Menerima dan menjalankan perubahan yang terjadi kapan saja diperlukan. Actively initiate changes and is ready to accept changes when needed. Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Terlibat aktif sebagai agen perubahan bagi performa organisasi yang makin baik. • Senantiasa berpikir positif dan mampu menyesuaikan diri terhadap dinamika perubahan. • Mendukung gagasan perubahan yang datang dari orang lain atas asas manfaat bagi perusahaan. • Memberi kesempatan orang lain untuk mengemukakan pendapat secara bebas. • Menerima saran/masukan/kritik/ide perubahan dengan sportif. BNI employees should: • Be actively involved in being an agent of change for the sake of better organization performance. • Develop positive thinking at all times and be able to adapt to a new change. • Support others’ ideas of change for the benefit of the Company. Perilaku yang tidak diharapkan dari setiap Insan BNI Life adalah: • Secara aktif mempengaruhi, menghasut atau membicarakan halhal negatif tentang perubahan tersebut untuk menolaknya. • Marah atau menolak terhadap perubahan yang tidak sesuai dengan harapannya sendiri. • Menolak bekerja sama dan tidak peduli terhadap perubahan. • Defensif dan membela diri pada kritik/saran yang disampaikan kepadanya. • Hanya mendukung perubahan, jika hal itu adalah gagasannya dan menolak inisiatif yang datang dari orang lain. • Mempercayai bahwa perubahan mustahil dilakukan dan diterapkan menyeluruh (pesimis terhadap perubahan). BNI employees should not: • Actively influence, incite and discuss the idea of change negatively with others in the hope to refuse a change. • Be angry or refuse change that do not meet their expectation. • Give an opportunity to others to express their ideas freely. • Accept advice, feedback, criticism or idea for changes fairly. • • • • Company Profile Perilaku yang diharapkan dari setiap Insan BNI Life adalah: • Berpikir kreatif (out of the box) dan terbuka. • Optimis dan tidak mudah kehilangan semangat. • Memiliki pandangan visioner dan antisipatif terhadap tantangan yang mungkin timbul. • Konsisten melakukan perbaikan terus menerus. • Mengerahkan dengan maksimal seluruh potensim dan sumber daya maksimal untuk perbaikan sistem, efisiensi, dan peningkatan produktivitas. Decline to cooperate and do not accept change. Be defensive and defend themselves against criticisms or advices given to them. Support own idea of change while reject others’ initiative. Believing that change is entirely not feasible and applicable (pessimistic attitude about change). Annual Report 2017 | PT BNI Life Insurance 67
  68. Budaya Perusahaan Budaya Perusahaan Corporate Culture Corporate Culture Profil Prusahaan Prinsip Pedoman 3P Guiding Principles 3P • • People BNI Life employees are highly competitive people who are responsible for their tasks, adaptable to change and able to work efficiently so that they always have opportunity to develop and improve their personal quality in the Company. • Product BNI Life always emphasizes innovation, high passion and future vision in defining and creating superior products that are appropriately packaged as premium products, in line with the changing business environment and needs of the public. • Process In line with the transformation of the Company, we have adopted the latest technology of Sun System for accounting, followed by the Prophet Software for the actuaries. Looking ahead, the Company expects to have a new, highly capable core life insurance system. This technology would be applied in a focused and optimum way to improve service for customers, business partners and the interest of the Company’s management. • • Prinsip Pedoman 3S Guiding Principles 3S • • Synergy Starting in 2012, the business side of the Company’s transformation will be manifested by turning the Bancassurance business into the engine of growth through cooperation with BNI. The other three pillars, namely Agency, Employee Benefits and Sharia will still be developed optimally and run by making use of every opportunity and potential to create synergy with other company’ business units. • Service Standard Through the Balanced Score Card, the Company encourages all employees to improve their service capabilities by enhancing competitiveness, efficiency and responsibility, in order to adapt to the course of the change. This will encourage employees to provide high quality services on a par with the advanced competitors. • Segmented Sales The effort to increase the sales will be taken through a market segmentation strategy, following the identified changes in the market potential, the level of competition, and the speed of the preparation that the Company can make. • • 68 People Karyawan BNI Life adalah mereka yang memiliki daya saing tinggi, bertanggung jawab terhadap tugasnya, mampu mengikuti arah perubahan dan dapat bekerja secara efisien, sehingga selalu mempunyai kesempatan untuk berkembang dan meningkatkan kualitas pribadi di Perseroan. Product BNI Life senantiasa berpikir inovatif, memiliki gairah (passion) tinggi dan berpandangan (vision) jauh ke depan, dalam menentukan dan menciptakan produk-produk unggulan yang dikemas dengan baik sebagai produk andalan yang sesuai dengan dinamika perubahan iklim usaha maupun kebutuhan masyarakat. Process Seiring dengan transformasi perusahaan, kami telah mengadopsi teknologi terkini Sun System untuk keperluan akuntansi, disusul dengan software Prophet untuk keperluan aktuaria. Untuk langkah ke depan, diharapkan perusahaan sudah memiliki core system asuransi jiwa yang baru dan handal. Perubahan dalam penerapan teknologi ini harus diarahkan dan dimanfaatkan sebesar-besarnya bagi peningkatan layanan yang lebih baik untuk para nasabah, mitra bisnis dan kepentingan penyelenggaraan Perseroan. Synergy Mulai tahun 2012, wujud transformasi perusahaan di sisi bisnis adalah dengan menjadikan Bancassurance sebagai tulang punggung pertumbuhan perusahaan melalui kerja sama dengan BNI. Tiga pilar lainnya, yaitu Agency, Employee Benefits, dan Syariah tetap akan dikembangkan secara optimal dan dijalankan dengan memanfaatkan setiap kesempatan dan potensi untuk bersinergi dengan unit bisnis perusahaan yang lain. Service Standard Melalui Balanced Score Card, perusahaan mendorong dedikasi seluruh karyawan untuk meningkatkan kemampuan pelayanan dengan meningkatkan daya saing, efisiensi, dan tanggung jawab, sehingga mampu mengikuti arah perubahan. Peningkatan tersebut mendorong karyawan untuk dapat memberikan pelayanan dengan standar tinggi dan sejajar dengan pesaing yang telah maju. Segmented Sales Upaya meningkatkan pertumbuhan penjualan akan dilakukan dengan strategi segmentasi pasar sejalan dengan perubahan potensi pasar yang teridentifikasi, tingkat persaingan dan kecepatan persiapan yang dapat dilakukan oleh perusahaan. PT BNI Life Insurance | Laporan Tahunan 2017
  69. Budaya Perusahaan Corporate Culture Guiding Principle 3C • • • • Customer Focus Setiap strategi yang ditetapkan dan kebijakan yang dilaksanakan didasarkan pada sudut pandang kebutuhan dan kepentingan nasabah tanpa merugikan kepentingan Perseroan. Compliance Operasional Perseroan harus selalu memenuhi persyaratan compliance yang ada sehingga arah perubahan perusahaan tetap dapat dijalankan dengan tata kelola yang mematuhi aturan dan rambu-rambu yang ada, termasuk SOP dan work flow yang tersedia dan adanya check and balance dalam setiap kegiatan. Berlandaskan compliance yang dijalankan dengan tata kelola sesuai aturan dan rambu-rambu yang ada, Perseroan senantiasa menetapkan strategi kebijakan berdasarkan sudut pandang kebutuhan dan kepentingan nasabah tanpa merugikan kepentingan Perseroan. Cost Effectiveness Setiap langkah pengeluaran biaya yang akan dilakukan terlebih dahulu harus dikaitkan dengan potensi dan kemampuan memperoleh hasil dan akan selalu diikuti dengan kajian dan pengawasan yang berkelanjutan • • Customer-Focused All strategies set and policies implemented are based on the needs and interests of customers without detriment to the interests of the Company. Compliance The Company’s operations shall always comply with existing regulations to ensure changes in the Company are consistent with existing rules of governance and guidelines, including the SOP and workflow and the inclusion of checks and balances in every activity. With Corporate Governance compliance as a cornerstone of compliance to existing rules and regulations, the Company always establishes policy strategy based on the needs and interests of customers without detriment to the interest of the Company. Company Profile Prinsip Pedoman 3C Cost Effectiveness Every expense is assessed in terms of its potential and ability to guarantee results and it will always be followed by a sustainable evaluation and supervision. Annual Report 2017 | PT BNI Life Insurance 69
  70. Struktur Organisasi Struktur Organisasi Organization Structure Organization Structure Profil Prusahaan 1 . Audit Committee 2. Risk Committee 3. Remuneration & Nomination Committee 1. 2. 3. 4. Investment Committee Product Committee Risk & Asset Liability Committee IT Steering Committee Appointed Actuary Vice President Director Associate Director & Chief Operations Officer Director Chief Affinity Officer Underwriting & Customer Services Finance Controller Affinity Bancassurance In Branch Claims & Provider Treasury & Investment Bancassurance Business Support Bancassurance Worksite POS, Collection & Business Conservation Information Technology 70 PT BNI Life Insurance | Laporan Tahunan 2017 Bancassurance Recruitment & Development
  71. Struktur Organisasi Organization Structure Company Profile Board of Commissioner President Director Director Chief Resource Management Officer Director Chief Marketing Officer Chief Corporate Strategy Officer Human Capital & Employee Training Agency EB Open Market Compliance Corporate Planning Corporate Secretary GA & Procurement Sharia EB Business Banking Risk Management Product Strategy & Pricing Internal Audit Corporate Communication Customer Complaint Handling Tech. Report, Valuation & Reinsurance Business Development Legal & Investigation Annual Report 2017 | PT BNI Life Insurance 71
  72. Profil Dewan Komisaris Profil Dewan Komisaris Board of Commissioners Profile Board of Commissioners Profile Profil Prusahaan Krisna Wijaya Komisaris Utama /Komisaris Independen President Commissioner/Independent Commissioner Kewarganegaraan Indonesia Nationality Tempat Tanggal Lahir Jakarta, 22 Juli 1955 (62 tahun) Place & Date of Birth Indonesia Jakarta, July 22, 1955 (62 years old) Domisili Jakarta Domicile Jakarta Pendidikan • Sarjana di bidang Sosial Ekonomi Pertanian, Education • Bachelor degree in Agricultural Social Economics, Bogor Agricultural Institute, 1980 Institut Pertanian Bogor, 1980 • Master of Agribusiness Management, Gadjah • Magister Manajemen Agribisnis, Universitas Mada University, Jogjakarta, 1990 Gadjah Mada, Jogjakarta, 1990 • Doctorate in the field of Inter-Sector Study, Gadjah • Doktor di bidang Studi Antar Bidang, Mada University, Jogjakarta, 2009 Universitas Gadjah Mada, Jogjakarta, 2009 Riwayat Pekerjaan • Komisaris Independen PT Bank Mandiri, Juli Employment History 2010–March 2015 2010 – Maret 2015 • Commissioner of PT Bank Danomon Tbk. April 2008- • Komisaris PT Bank Danomon Tbk. April July 2010 2008-Juli 2010 • Member of Board Commissioner Indonesia Deposit • Anggota Dewan Komisioner Lembaga Insurance Corporation, 2005-2007 Penjamin Simpanan, 2005-2007 • Independent Commissioner of PT Bank Rakyat • Komisaris Independen PT Bank Rakyat Indonesia (Persero) Tbk. May-September 2005 Indonesia (Persero) Tbk. Mei-September 2005 Rangkap Jabatan • Anggota Dewan Pengawas Syariah PT Jaya Concurrent Position Proteksi Takaful, sejak 2010 • Member of Sharia Supervisory Board Profiles PT Jaya Proteksi Takaful, since 2010 • Adira Finance sebagai Komisaris Independen • Adira Finance as Independent Commissioner as of sampai dengan 2017 2017 Pelatihan di tahun 2017 28th Pasific Insurance Conference Training in 2017 28th Pasific Insurance Conference SK Pengangkatan Keputusan RUPS Luar Biasa Nomor 19 tanggal 13 Appointment Letter Extraordinary GMS Decision Number 19 dated October Oktober 2015 Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Pengendali 72 • Independent Commissioner of PT Bank Mandiri, July PT BNI Life Insurance | Laporan Tahunan 2017 13, 2015 Affiliate Relationship Has no affiliation relationship with members of the Board of Commissioners, Directors and Controlling Shareholders
  73. Profil Dewan Komisaris Board of Commissioners Profile Company Profile Kazuhiko Arai Komisaris Commissioner Kewarganegaraan Jepang Nationality Japan Tempat Tanggal Lahir Jepang , 4 November 1964 (53 tahun) Place & Date of Birth Japan, November 4, 1962 (53 years old) Domisili Jepang Domicile Japan Pendidikan Hukum, Universitas Keiko, 1985 (S1) Education Law, Keiko University, 1985 (Bachelor Degree) Riwayat Pekerjaan • Direktur, PT BNI Life Insurance, Agustus 2014 Employment History • Director, PT BNI Life Insurance, August 2014 – August 2017 – Agustus 2017 • General • General Manager International Business Manager International Business Department, Sumitomo Life Insurance Company, Department, Sumitomo Life Insurance October 2012 – January 2014 Company, Oktober 2012 – Januari 2014 • Chief Representative, Sumitomo Life Insurance • Chief Representative, Sumitomo Life Insurance Company, December 2011 – September 2012 Company, Desember 2011 – September 2012 • General Manager In Charge of International Business • General Manager In Charge of International Business Department, Sumitomo Life Insurance Department, Sumitomo Life Insurance Company, July Company, Juli 2008 – November 2011 2008 – November 2011 Rangkap Jabatan Tidak Ada Concurrent Position None Pelatihan di tahun 2017 Tidak Ada Training in 2017 None SK Pengangkatan Keputusan RUPS Luar Biasa Nomor 23 tanggal 9 Appointment Letter Extraordinary GMS Decision Number 23 dated August 9, 2017 Agustus 2017 Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders Annual Report 2017 | PT BNI Life Insurance 73
  74. Profil Dewan Komisaris Board of Commissioners Profile Profil Prusahaan Darwin Suzandi Komisaris Commissioner Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Lahat , 28 Mei 1956 (61 tahun) Place & Date of Birth Lahat, May 28, 1956 (61 years old) Domisili Jakarta Domicile Jakarta Pendidikan • Sarjana di bidang Ekonomi Perusahaan, Education • Bachelor in Corporate Economics, Indonesian Christian University, 1981 Universitas Kristen Indonesia, 1981 • International Business & General Management, • International Business & General University of Wisconsin USA, 1991 Management, University of Wisconsin USA, 1991 Riwayat Pekerjaan • Human Capital Advisor, Bank Sumsel babel, Employment History • Consumer Director of PT Bank Negara Indonesia, • Direktur Konsumer, PT Bank Negara Indonesia, 2008-2010 2008-2010 • Risk Management Director, PT Bank Negara • Direktur Manajemen Risiko, PT Bank Negara Indonesia, 2008 Indonesia, 2008 • Head of Network and Service Division, PT Bank • Pemimpin Divisi Jaringan dan Layanan, PT Negara Indonesia, 2008 Bank Negara Indonesia, 2008 Rangkap Jabatan • Anggota Komite Audit PT Bank Permata Tbk, Concurrent Positions • Audit Committee Member of PT Bank Permata Tbk., since 2014 sampai dengan Okt 2017 • BNI Pension fund, as Chairman of the Supervisory • Dana Pensiun BNI, sebagai Wakil Ketua Board/ Lieu Chairman Dewan Pengawas/Ketua Pengganti Pelatihan di tahun 2017 28th Pasific Insurance Conference Training in 2017 28th Pasific Insurance Conference SK Pengangkatan Keputusan RUPS Luar Biasa Nomor 19 tanggal 13 Appointment Letter Extraordinary GMS Decision Number 19 dated October 13, 2015 Oktober 2015 Hubungan Afiliasi 74 • Human Capital Advisor, Bank Sumselbabel, 20122014 2012-2014 PT BNI Life Insurance | Laporan Tahunan 2017 Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders
  75. Profil Dewan Komisaris Board of Commissioners Profile Company Profile Husain Abdullah Komisaris Independen Independent Commissioner Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Parepare 12 Agustus 1964 (53 tahun) Place & Date of Birth Parepare, August 12, 1964 (53 years old) Domisili Jakarta Domicile Jakarta Pendidikan • Sarjana di bidang Hubungan Internasional, Education • Bachelor in International Relations, Hasanuddin University, 1988 Universitas Hasanuddin, 1988 • Master in International Relations, Hasanuddin • Master di Hubungan Internasional, Universitas University, 2009 Hasanuddin, 2009 Riwayat Pekerjaan • Manajer PSM Makassar, 2010-2014 Employment History • Direktur, Celebes TV, 2010-2014 • Director, Celebes TV, 2010-2014 • Direktur, SUN TV Makassar, 2009-2010 • Director, SUN TV Makassar, 2009-2010 • Representative RCTI Makassar, 1992-2008 • Perwakilan RCTI Makassar, 1992-2008 Rangkap Jabatan • Manager PSM Makassar, 2010-2014 • Komisaris PT Pupuk Iskandar Muda, sejak 2016 Concurrent Position • Commissioner of PT Pupuk Iskandar Muda, since 2016 • A spokesman for Vice President, since 2014 • Juru bicara Wakil Presiden, sejak 2014 Pelatihan di tahun 2017 Tidak Ada Training in 2017 None SK Pengangkatan Keputusan RUPS Luar Biasa Nomor 70 tanggal 19 Appointment Letter Extraordinary GMS Decision Number 70 dated May 19, 2017 Mei 2017 Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders Annual Report 2017 | PT BNI Life Insurance 75
  76. Profil Direksi Profil Direksi Board of Directors ’ Profiles Board of Directors’ Profiles Profil Prusahaan Geger N. Maulana PLT Direktur Utama/Wakil Direktur Utama Acting President Director/Vice President Director Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Bandung, 11 Desember 1961 (56 tahun) Place & Date of Birth Bandung, December 11, 1961 (56 years old) Domisili Jakarta Domicile Jakarta Pendidikan • Akuntansi, Universitas Gadjah Mada, 1985 Education • Accounting, Gadjah Mada University, 1985 (Bachelor Degree) (S1) • Master of Finance, Padjadjaran University, 1998 • Master of Finance, Universitas Padjajaran, (Master Degree) 1998 (S2) Riwayat Pekerjaan • Komisaris Utama Yayasan Dana Pensiun Bank BNI, Employment History • President Commissioner Pension fund foundation Bank BNI, 2010-2012 2010-2012 • Head of Financial Controller Division, PT Bank Negara • Kepala Divisi Financial Controller, PT Bank Negara Indoensia (Persero) Tbk. Mei 2009 – April 2012 Indoensia (Persero) Tbk. Mei 2009 – April 2012 • Deputy General Manager • Deputy General Manager Financial Controller Financial Controller Division, PT Bank Negara Indoensia (Persero) Tbk. Division, PT Bank Negara Indoensia (Persero) Tbk. Mei 2005 – Mei 2009 Mei 2005 – Mei 2009 • Assistant Vice President - Group Head Finance - • Assistant Vice President - Group Head Finance - Card Business Division PT Bank Negara Indoensia Card Business Division PT Bank Negara Indoensia (Persero) Tbk. 2001 – April 2005 (Persero) Tbk. 2001 – April 2005 Rangkap Jabatan Tidak Ada Concurrent Positions None Pelatihan di tahun 2017 • Innovation in ASEAN Insurance conference Training in 2017 • Innovation in ASEAN Insurance conference • The 4th International Conference on Global Insurance • The 4th International Conference on Global Insurance SK Pengangkatan Keputusan RUPS Luar Biasa Nomor 6 tanggal 5 Appointment Letter Hubungan Afiliasi 76 PT BNI Life Insurance | Laporan Tahunan 2017 Tidak memiliki hubungan afiliasi dengan anggota Extraordinary GMS Decision Number 6 dated September 5, 2017 September 2017 Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders
  77. Profil Direksi Board of Directors ’ Profiles Company Profile Intan Sari Abdams Katoppo Direktur Director Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir S. Gerong 9 Maret 1966 (51 tahun) Place & Date of Birth S. Gerong, March 9, 1966 (51 years old) Domisili Jakarta Domicile Jakarta Pendidikan • Psikologi, Universitas Indonesia, 1990 (S1) Education • Psychology, University of Indonesia, 1990 (Bachelor Degree) • Finance and Capital Market, University of • Finance and Capital Market, Universitas Indonesia, 2004 (Master Degree) Indonesia, 2004 (S2) Riwayat Pekerjaan • President Director PT Hotel Indonesia, 2011 Employment History • President Director PT Hotel Indonesia, 2011 2015 - 2015 • EVP Customer Management PT Bank Negara • EVP Customer Management PT Bank Negara Indonesia (Persero) Tbk. 2004-2011 Indonesia (Persero) Tbk. 2004-2011 • Deputy Corporate Secretary, PT Bimantara • Deputy Corporate Secretary, PT Bimantara Citra Tbk Citra Tbk • Marketing Manager, American Express • Marketing Manager, American Express Rangkap Jabatan Tidak Ada Concurrent Positions None Pelatihan di tahun 2017 Tidak Ada Training in 2017 None SK Pengangkatan Keputusan RUPS Tahunan Nomor 38 tanggal 30 Appointment Letter Annual GMS Decision Number 38 dated March 30, 2016 Maret 2016 Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders Annual Report 2017 | PT BNI Life Insurance 77
  78. Profil Direksi Board of Directors ’ Profiles Profil Prusahaan Hirokazu Todaka Direktur Director Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Jepang 13 Agustus 1962 (55 tahun) Place & Date of Birth Japan, August 13, 1962 (55 years old) Domisili Jakarta Domicile Jakarta Pendidikan Ekonomi, Universitas Kobe, 1985 (S1) Education Economy, Kobe University, 1985 (Bachelor Degree) Employment History • General Manager, Sumitomo Life Insurance Company, Riwayat Pekerjaan Japan, 2013 – 2017 • General Manager, Sumitomo Life Insurance Company, Jepang, 2013 – 2017 • Deputy General Manager Sales, Sumitomo Life • Deputy General Manager Sales, Sumitomo Insurance Company, Japan, 2010 – 2013 Life Insurance Company, Jepang, 2010 – 2013 • Manager, Sumitomo Life Insurance Company, • Manager, Sumitomo Life Insurance Company, Japan, 2008 – 2010 Jepang, 2008 – 2010 Rangkap Jabatan Tidak Ada Concurrent Positions None Pelatihan di tahun 2017 Tidak Ada Training in 2017 None SK Pengangkatan Keputusan RUPS Tahunan Nomor 158 tanggal 16 Appointment Letter Annual GMS Decision Number 158 dated March 16, 2017 Maret 2017 Hubungan Afiliasi 78 PT BNI Life Insurance | Laporan Tahunan 2017 Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders
  79. Profil Direksi Board of Directors ’ Profiles Company Profile Naruyoshi Kuwata Direktur Director Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Jepang 7 Mei 1963 (54 tahun) Place & Date of Birth Japan, May 7, 1963 (54 years old) Domisili Jakarta Domicile Jakarta Pendidikan Ekonomi, Universitas Hitotsubashi, 1987 (S1) Education Economy, Hitotsubashi University, 1987 (Bachelor Riwayat Pekerjaan • Deputy General Manager, Sumitomo Life Employment History Degree) •Deputy General Manager, Sumitomo Life Insurance Company, April 2008-2017 Insurance Company, April 2008-2017 •Manager Public Relations, Sumitomo Life • Manager Public Relations, Sumitomo Life Insurance Company, April 2006-March 2008 Insurance Company, April 2006-Maret 2008 •Asisten General Manager, Sumitomo Life • Asisten General Manager, Sumitomo Life Insurance Company, April 2003-March 2006 Insurance Company, April 2003-Maret 2006 •Spesial Staf Manager, Sumitomo Life Insurance • Spesial Staf Manager, Sumitomo Life Company, April 1998-March 2003 Insurance Company, April 1998-Maret 2003 Rangkap Jabatan Tidak Ada Concurrent Positions None Pelatihan di tahun 2017 Master Class Risk Governance For Senior Training in 2017 Master Class Risk Governance For Senior Managers and Board Members Managers and Board Members SK Pengangkatan Keputusan RUPS Luar Biasa Nomor 23 tanggal 9 Appointment Letter Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Extraordinary GMS Decision Number 23 dated August 9, 2017 Agustus 2017 Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders Annual Report 2017 | PT BNI Life Insurance 79
  80. Profil Dewan Pengawas Syariah Profil Dewan Pengawas Syariah Sharia Supervisory Board Profiles Sharia Supervisory Board Profiles Profil Prusahaan K .H. Ma’ruf Amin Ketua Chairman Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Tangerang, 11 Maret 1943 (74 tahun) Place & Date of Birth Tangerang, March 11, 1943 (74 years old) Domisili Jakarta Domicile Jakarta Pendidikan • Sarjana, Universitas Ibnu Chaldun, Jakarta, Education • Bachelor, University of Ibnu Chaldun, Jakarta, graduated in 1967 lulus tahun 1967 • Professor Honoris causa of Economics Sharia • Professor Honoris causa bidang Ekonomi (Muamalah), 2017 Syariah (Muamalah), tahun 2017 Riwayat Pekerjaan • Ketua Bidang Fatwa MUI tahun 2010 – 2015 Employment History • Wakil Ketua Umum MUI tahun 2010 – 2015 • Vice Chairman of MUI, 2010 - 2015 • Anggota Dewan Pertimbangan Presiden • Member of the Presidential Advisory Council (Wantimpres), 2007 - 2014 (Wantimpres) tahun 2007 – 2014 Rangkap Jabatan • Ketua Dewan Pengawas PT Bank BNI Concurrent Positions • Chairman of the Supervisory Board of PT Bank BNI Syariah, since 2010 Syariah, sejak 2010 • Ketua DPS Bank Syariah Mandiri • Chairman of DPS Bank Syariah Mandiri • Ketua DPS Bank Muamalat Indonesia • Chairman of DPS Bank Muamalat Indonesia • Chairman of DPS Bank Mega Syariah • Ketua DPS Bank Mega Syariah 80 • Chairman of Fatwa Department of MUI, 2010 - 2015 Pelatihan di tahun 2017 Ijtima’ Sanawi DPS Tahun 2017 Training in 2017 Ijtima’ Sanawi DPS of 2017 SK Pengangkatan Keputusan RUPS Tahunan tanggal 16 Maret 2016 Appointment Letter Annual GMS Decision dated March 16, 2016 Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the PT BNI Life Insurance | Laporan Tahunan 2017 Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders
  81. Profil Dewan Pengawas Syariah Sharia Supervisory Board Profiles Company Profile Agus Haryadi Anggota Member Kewarganegaraan Indonesia Nationality Indonesia Tempat Tanggal Lahir Bogor , 18 Agustus 1962 (55 tahun) Place & Date of Birth Bogor, August 18, 1962 (55 years old) Domisili Bogor Domicile Bogor Pendidikan Jurusan Matematika, Institut Teknologi Bandung, Education Department of Mathematics, Bandung Institute of Technology, 1988 1988 Riwayat Pekerjaan • Anggota DPS Capital Inc s/d Oktober 2016 Employment History Insurance until 2005 s/d 2005 • Head of Actuarial and IT Jiwa Adisarana • Kepala Divisi Aktuaria dan IT Asuransi Jiwa Wanaartha Insurance until 1993 Adisarana Wanaartha s/d 1993 Rangkap Jabatan • Anggota DPS BRI Life Concurrent Positions • Member of DPS PT Paytren Aset Management • Anggota DPS PT Paytren Aset Management • Workshop Asuransi Syariah DPS oleh AASI • Member of DPS BRI Life • Chairman of DPS Chubb Life • Ketua DPS Chubb Life Pelatihan di tahun 2017 • Member of DPS Capital Inc. until October 2016 • President Director of Takaful Keluarga • Direktur Utama Asuransi Takaful Keluarga Training in 2017 • Workshop on Sharia Insurance DPS by AASI • Preparation Training of Qualified Risk Management • Pelatihan Persiapan Ujian Profesional Tata Kelola Professional Test Risiko Berkualifikasi • Ijtima' Sanawi Workshop • Workshop Ijtima’ Sanawi • Seminar on Market Outlook Spin Off • Seminar Market Outlook Spin Off SK Pengangkatan Keputusan RUPS Tahunan tanggal 16 Maret 2015 Appointment Letter Annual GMS Decision dated March 16, 2015 Hubungan Afiliasi Tidak memiliki hubungan afiliasi dengan anggota Affiliate Relationship Has no affiliation relationship with members of the Dewan Komisaris, Direksi dan Pemegang Saham Board of Commissioners, Directors and Controlling Pengendali Shareholders Annual Report 2017 | PT BNI Life Insurance 81
  82. Profil Dewan Pengawas Syariah Sharia Supervisory Board Profiles Profil Prusahaan Utang Ranuwijaya Anggota Member Kewarganegaraan Tempat Tanggal Lahir Domisili Pendidikan Riwayat Pekerjaan Rangkap Jabatan Pelatihan di tahun 2017 SK Pengangkatan Hubungan Afiliasi 82 PT BNI Life Insurance | Laporan Tahunan 2017 Indonesia Majalengka, 19 Mei 1958 (59 tahun) Serang • Sarjana jurusan Peradilan Agama, IAIN Sunan Gunung Djati, Bandung 1984 • Magister Agama bidang Studi Islam, IAIN Syarif Hidayatullah, Jakarta 1992 • Doktor bidang Studi Islam, IAIN Syarif Hidayatullah, Jakarta 1998 • Guru Besar UIN Sultan Maulana Hasanuddi Banten • Ketua Komisi Pengkajian dan Penelitian MUI • Ketua DPS Asuransi Bangun Askrida • Anggota DPS Marein • Ketua DPS BPRS HIK Parahyangan • Workshop Asuransi Syariah DPS oleh AASI • Workshop Ijtima’ Sanawi • Narasumber Workshop Pengembangan Bahan Ajar Fakultas Ekonomi dan Bisnis IAIN SHM • Narasumber Workshop Ekonomi Syariah Program Pasca Sarjana IAIN SHM Banten Keputusan RUPS Tahunan tanggal 16 Maret 2015 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Pengendali Nationality Place & Date of Birth Indonesia Majalengka, May 19, 1958 (59 years old) Domicile Education Serang • Bachelor degree in Religious Courts, IAIN Sunan Gunung Djati, Bandung 1984 • Master of Religion in Islamic Studies, IAIN Syarif Hidayatullah, Jakarta 1992 • Doctorate of Islamic Studies, IAIN Syarif Hidayatullah, Jakarta 1998 • Professor of UIN Sultan Maulana Hasanuddi Banten • Chairman of MUI Study and Research Commission • Chairman of DPS Asuransi Bangun Askrida • Member of DPS Marein • Chairman of DPS BPRS HIK Parahyangan • Workshop on Sharia Insurance DPS by AASI • Ijtima' Sanawi Workshop • Speaker at Workshop of Learning Materials Development of Faculty of Economics and Business of IAIN SHM • Speaker at Sharia Economic Workshop of IAIN SHM Banten Post Graduate Program Annual GMS Decision dated March 16, 2015 Employment History Concurrent Positions Training in 2017 Appointment Letter Affiliate Relationship Has no affiliation relationship with members of the Board of Commissioners, Directors and Controlling Shareholders
  83. Pejabat Senior Pejabat Senior Senior Executives Senior Executives Company Profile Budi Eka Buana Chief Resource Management Officer Danny Alogo Yulianto Chief Affinity Officer Defit Rizal Chief Corporate Strategy Officer Erwita Triana Dewi Chief Affinity Officer Kepala Divisi Head of Division Arry Herwindo Wildan Head of Corporate Secretary Division Rhinaldy Yudistira Head of Information Technology Division Albert Jimmy Rotinsulu Head of Internal Audit Division Sayekti Rahayu Head of Underwriting & Customer Service Division Nurhadi Nugroho Head of Business Development Division Hariadi Tjahjono Head of Treasury & Investment Division Happy Dian Wicaksono Head of Finance Controller Division Lia Mariani Head of Corporate Communications Division Annual Report 2017 | PT BNI Life Insurance 83
  84. Pejabat Senior Senior Executives Profil Prusahaan Eddy Sutrisno Marolop Hutauruk Head of Compliance Division Indrawaty Syahrullah Head of Agency Division dr . Okta Sinta Harini Head of Affinity Division Head of Customer Complaint Handling Division Ali Idris Donny Trihardono Head of Bancassurance In Branch Division 84 Nurmansjah Soleiman PT BNI Life Insurance | Laporan Tahunan 2017 Head of Legal & Investigasi Division Amelia Nugraeni Head of Risk Management Division Parluhutan Manalu Head of POS, Collection & Business Conservation Division Marthin Riahdim S. Head of Technical Report, Valuation & Reinsurance
  85. Pejabat Senior Senior Executives Company Profile dr . Santy Dahlan Head of Claims & Provider Division Denny Riadhi Head of Employee Benefit Open Market Division Jimmy Saputra Fahmi Basyah Head of Bancassurance Worksite Division Yusuf Cornelius Jesukma Head of Bancassurance Recruitment & Development Division Aswin Nasser Lubis Head of Employee Benefit Business Banking Division Head of Syariah Division Andrey Alfiansyah Head of Bancassurance Business Support Division Heri Halawani Head of GA & Procurement Division Annual Report 2017 | PT BNI Life Insurance 85
  86. Komposisi Pemegang Saham Bni Life Komposisi Pemegang Saham Bni Life Composition of Shareholders of BNI LIFE Composition of Shareholders of BNI LIFE Profil Prusahaan Susunan kepemilikan saham BNI Life Insurance per 31 Desember 2017 , adalah sebagai berikut: Pemegang Saham Shareholder Lembar Saham Number of Shares Nominasi Nominal Value Persentasi Percentage PT Bank Negara Indonesia (Persero) Tbk 180.419.480 Rp180.419.480.000 60,000000% Sumitomo Life Insurance 120.279.633 Rp120.279.633.000 39,999994% Yayasan Danar Dana Swadharma 10 Rp10.000 0,000003% Yayasan Kesejahteraan Pegawai BNI 10 Rp10.000 0,000003% 300.699.133 Rp300.699.133.000 100,000000% Total Shareholders with Ownership >5% Pemegang Saham Dengan Kepemilikan >5% Pemegang Saham Shareholder Lembar Saham Number of Shares Nominasi Nominal Value Persentasi Percentage PT Bank Negara Indonesia (Persero) Tbk 180.419.480 Rp180.419.480.000 60,000000% Sumitomo Life Insurance 120.279.633 Rp120.279.633.000 39,999994% Kepemilikan Saham oleh Dewan Komisaris dan Direksi Shareholding by Board of Commissioners and Board of Directors Tidak ada anggota Dewan Komisaris dan Direksi yang memiliki saham di PT BNI Life Insurance The Board of Commissioners and Board of Directors do not have any shareholding in PT BNI Life Insurance Kepemilikan Saham oleh Individu dan Institusi Domestik dan Asing Shareholding by Individual and Domestic and Foreign Institution Kelompok Pemegang Saham Group of Shareholder Domestik Domestic Asing Foreign Jumlah Pemegang Saham Jumlah Saham Number of Number of Shares Shareholders % Kepemilikan % Ownership Jumlah Pemegang Saham Number of Shareholders Jumlah Saham Number of Shares % Kepemilikan % Ownership Individu Individual Nihil None Nihil None Nihil None Nihil None Nihil None Nihil None Institusi Institution 180.419.500 60,000006% 3 120.279.633 39,999993% 1 Total 180.419.500 60,000006% 3 120.279.633 39,999993% 1 INFORMASI MODAL DASAR DAN MODAL DISETOR AUTHORIZED AND INFORMATION Perkembangan Modal Dasar Authorized Capital Development Sepanjang sejarah beroperasinya Perusahaan, BNI Life telah beberapa kali melakukan penambahan modal dasar yang dilakukan oleh Pemegang Saham, sebagai berikut: Throughout the Company’s history, BNI Life has made several increases in authorized capital carried out by Shareholders, as follows: Tahun Year 86 The share ownership of BNI Life Insurance as at December 31, 2017, was as follows: Modal Dasar (dalam Rupiah) Authorized Capital (in Rupiah) PAID-IN CAPITAL Keterangan Explanation 1996 15.000.000.000 Akta Pendirian No 24 Tanggal 28 November 1996 TBNRI No 4121 Tahun 1997 Deed of Establishment No 24 Dated November 28, 1996 TBNRI No 4121 Year 1997 2001 80.000.000.000 Akta No 2 Tanggal 12 Desember 2001 TBNRI No 6931 Tahun 2002 Deed No. 2 Dated December 12, 2001 TBNRI No 6931 Year 2002 2004 95.000.000.000 Akta No 10 Tanggal 26 November 2004 TBNRI No 7582 Tahun 2007 TBNRI No 7861 Tahun 2005 Deed No 10 Dated November 26, 2004 TBNRI No 7582 Year 2007 TBNRI No 7861 Year 2005 2004 100.000.000.000 Akta No 17 Tanggal 29 Desember 2004 TBNRI No 7583 Tahun 2007 Deed No 17 Dated December 29, 2004 TBNRI No 7583 Year 2007 2009 400.000.000.000 Akta No 3 Tanggal 06 Januari 2009 TBNRI No 9546 Tahun 2010 Deed No 3 Dated January 06, 2009 TBNRI No 9546 Year 2010 PT BNI Life Insurance | Laporan Tahunan 2017
  87. Komposisi Pemegang Saham Bni Life Composition of Shareholders of BNI LIFE Paid-up capital development BNI Life juga telah beberapa kali melakukan penambahan modal disetor yang dilakukan oleh Pemegang Saham guna memperkuat struktur modal Perusahaan , sebagai berikut: BNI Life has several times made additional paid-up capital committed by Shareholders to strengthen the Company’s capital structure, as follows: Tahun Year Modal Dasar (dalam Rupiah) Authorized Capital (in Rupiah) Company Profile Perkembangan Modal Disetor Keterangan Explanation Akta Pendirian No 24 Tanggal 28 November 1996 TBNRI No 4121 Tahun 1997 Deed of Establishment No 24 Dated November 28, 1996 TBNRI No 4121 Year 1997 1996 5.000.000.000 2001 20.385.000.000 Akta No 2 Tanggal 12 Desember 2001 TBNRI No 6931 Tahun 2002 Deed No. 2 Dated December 12, 2001 TBNRI No 6931 Year 2002 2004 23.915.000.000 Akta No 10 Tanggal 26 November 2004 TBNRI No 7582 Tahun 2007 TBNRI No 7861 Tahun 2005 Deed No 10 Dated November 26, 2004 TBNRI No 7582 Year 2007 TBNRI No 7861 Year 2005 2004 38.045.000.000 Akta No 17 Tanggal 29 Desember 2004 TBNRI No 7583 Tahun 2007 Deed No 17 Dated December 29, 2004 TBNRI No 7583 Year 2007 2007 49.528.500.000 Akta No 41 Tanggal 19 Desember 2007 Deed No 41 Dated December 19, 2007 2009 10.736.000.000 Akta No 3 Tanggal 06 Januari 2009 TBNRI No 9546 Tahun 2010 Deed No 3 Dated January 06, 2009 TBNRI No 9546 Year 2010 2011 180.419.500.000 Akta No 15 Tanggal 09 Desember 2011 Deed No 15 Dated December 09, 2011 2014 300.699.133.000 Akta No 31 Tanggal 21 Maret 2014 Deed No 31 Dated March 21, 2014 Annual Report 2017 | PT BNI Life Insurance 87
  88. Profil Pemegang Saham Profil Pemegang Saham Shareholder Profiles Shareholder Profiles Profil Prusahaan 88 PT Bank Negara Indonesia (Persero) Tbk (BNI) PT Bank Negara Indonesia (Persero) Tbk (BNI) PT Bank Negara Indonesia (Persero) Tbk (BNI) didirikan oleh Pemerintah Republik Indonesia pada tahun 1946 yang pada awalnya berfungsi bank sentral di Indonesia, sebelum akhirnya beroperasi sebagai bank komersial sejak tahun 1955. BNI tercatat di Bursa Efek Jakarta (sekarang Bursa Efek Indonesia) pada tahun 1996 dan menjadi bank BUMN (Badan Usaha Milik Negara) pertama yang mencatatkan sahamnya di Bursa Efek Jakarta. PT Bank Negara Indonesia (Persero) Tbk (BNI) was established by the Republic of Indonesia Government in 1946 and initially served as a central bank in Indonesia, before operating as a commercial bank since 1955. BNI was listed on Jakarta Stock Exchange (now Indonesia Stock Exchange) in 1996 and became the first SOE (State Owned Enterprise) Bank to list its shares on Jakarta Stock Exchange. Pada 2010, Pemerintah Republik Indonesia memegang 60% saham BNI, sementara sisanya 40% dimiliki pemegang saham publik baik individu maupun institusi, domestik dan asing. Saat ini, BNI adalah bank terbesar ke-4 di Indonesia berdasarkan total aset, total kredit maupun total dana pihak ketiga. BNI menawarkan layanan jasa keuangan terpadu kepada nasabah, didukung oleh perusahaan anak: BNI Syariah, BNI MultiFinance, BNI Securities dan BNI Life Insurance. In 2010, the Republic of Indonesia Government held 60% shares in BNI, while the remaining 40% were owned by public shareholders both individuals and institutions, domestic and foreign. Currently, BNI is the 4th largest bank in Indonesia by assets, total loans and total third party funds. BNI offers integrated financial services to customers, supported by its subsidiaries: BNI Syariah, BNI Multifinance, BNI Securities, and BNI Life Insurance. BNI merupakan pemegang saham mayoritas pada BNI Life sebesar 60,000000% dari total seluruh saham yang berjumlah 300.699.133 lembar. Berdasarkan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) BNI Life yang diadakan pada 3 April 2014, perubahan presentase saham BNI tersebut karena masuknya strategic partner Sumitomo Life Insurance Company. BNI is the majority shareholder in BNI Life amounted to 60.000000% with a total of 300,699,133 shares. At Extraordinary General Meeting of Shareholders (EGMS) of BNI LIFE held on April 3, 2014, BNI’s shares percentage changed due to the entry of a strategic partner, Sumitomo Life Insurance Company. Sumitomo Life Insurance Company Sumitomo Life Insurance Company Didirikan pada Mei 1907 sebagai Hinode Life Insurance Co., Ltd. dengan aspirasi untuk membangun Perusahaan yang ideal, kemudian pada 1952 berganti nama menjadi Sumitomo Life Insurance Company. Aspirasi tersebut masih terus berlanjut di bawah semangat Sumitomo untuk mencapai keuntungan sosial dan nasional dalam bisnisnya, dan setelah 100 tahun berdiri, Sumitomo Life sekarang telah tumbuh menjadi perusahaan asuransi terbesar di dunia. Pada Desember 2013, Sumitomo Life melakukan aliansi bisnis strategis dengan PT Bank Negara Indonesia (Persero) Tbk dan PT BNI Life Insurance, hingga pada Maret 2014, Sumitomo Life resmi menjadi salah satu pemegang saham PT BNI Life Insurance dengan saham sebesar 39,999993%. Established in May 1907 as Hinode Life Insurance Co., Ltd. with aspirations to build an ideal company, then in 1952 changed its name to Sumitomo Life Insurance Company. These aspirations are still continuing under the spirit of Sumitomo to achieve social and national advantages in business, and after 100 years of existence, Sumitomo Life now has grown into one of the largest insurance companies in Japan. In December 2013, Sumitomo Life conducted a strategic business alliance with PT Bank Negara Indonesia (Persero) Tbk and PT BNI Life Insurance, so that by March 2014, Sumitomo Life officially became one of the shareholders of PT BNI Life Insurance with a stake amounting to 39.999993%. Yayasan Danar Dana Swadharma (YDDS) Yayasan Danar Dana Swadharma (YDDS) Yayasan Danar Dana Swadharma (YDDS) merupakan yayasan yang didirikan oleh BNI pada tahun 1959 dengan nama Yayasan Dana Kesejahteraan BNI. YDDS didirikan sebagai bentuk dari cita-cita Manajemen BNI untuk menambah kesejahteraan pegawai dan pensiunan beserta keluarganya. Selain membantu memberikan kesejahteraan bagi para pensiunan, YDDS juga turut dalam pengembangan pendidikan formal maupun non-formal. Saat ini YDDS memiliki 0,000003% dari total seluruh saham yang berjumlah 300.699.133 lembar atau sebanyak 10 lembar saham. Yayasan Danar Dana Swadharma (YDDS) was a foundation established by BNI in 1959 with the name Yayasan Dana Kesejahteraan BNI. BNI Management established YDDS with the ideals to increase the welfare of employees, retirees and their families. In addition to helping provide welfare for retirees, YDDS also participated in formal and non-formal education development. Currently YDDS has 0.000003% of the total shares amounting to 300,699,133 sheets or 10 shares. PT BNI Life Insurance | Laporan Tahunan 2017
  89. Profil Pemegang Saham Shareholder Profiles BNI Employee Welfare Foundation (YKP BNI) Yayasan Kesejahteraan Pegawai Bank Negara Indonesia didirikan pada 11 juli 1997. YKP BNI merupakan program bidang sosial dan kemanusiaan untuk membantu meningkatkan kesejahteraan pegawai BNI dan keluarganya serta pensiunan BNI. Saat ini, YKP BNI memiliki 0,000003% dari total seluruh saham yang berjumlah 300.699.133 lembar atau sebanyak 10 lembar saham. BNI Employee Welfare Foundation was established on July 11, 1997. YKP BNI is a social and humanitarian program to help improve the welfare of BNI employees and their families and BNI retirees. Currently, YKP BNI has 0.000003% of the total shares amounting to 300,699,133 sheets or 10 shares. KRONOLOGIS PENCATATAN SAHAM SHARE LISTING CHRONOLOGY PT BNI Life Insurance belum pernah mencatatkan sahamnya di bursa efek manapun sehingga tidak terdapat informasi mengenai jumlah saham yang beredar; kapitalisasi pasar; harga saham tertinggi, terendah, dan penutupan; dan volume perdagangan. PT BNI Life Insurance has never listed on any securities exchange so there are no information on the number of shares outstanding; market capitalization; high, low, and closing stock price; and trading volume. KRONOLOGIS PENCATATAN OBLIGASI BOND LISTING CHRONOLOGY PT BNI Life Insurance tidak menerbitkan obligasi sukuk atau obligasi konversi lainnya sehingga informasi mengenai hal tersebut tidak dapat disajikan. PT BNI Life Insurance has not issued sukuk bonds or other convertible bonds so that information regarding this cannot be presented. INFORMASI AKSI KORPORASI Corporate Action Information Sampai dengan 31 Desember 2017, PT BNI Life Insurance tidak melakukan aksi korporasi seperti pemecahan saham (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus, dan penurunan nilai nominal saham, sehingga informasi mengenai hal tersebut tidak dapat ditampilkan dalam Laporan ini. As of December 31, 2017, PT BNI Life Insurance did not perform corporate actions such as stock split, reverse stock, stock dividends, bonus shares, and reduction of par value, so that information regarding those cannot be presented in this Report. ENTITAS ANAK/ENTITAS ASOSIASI SUBSIDIARY/ASSOCIATION ENTITIES Hingga 31 Desember 2017, PT BNI Life Insurance tidak memiliki anak perusahaan. Namun, PT BNI Life Insurance memiliki penyertaan saham di PT Bank BNI Syariah sejumlah 1.500 lembar dengan nominal Rp1.500.000.000 (satu milliar lima ratus juta Rupiah) atau setara dengan 0,1% saham di PT BNI Bank Negara Indonesia Syariah. Up to December 31, 2017, PT BNI Life Insurance has no subsidiaries. However, PT BNI Life Insurance holds an equity stake in PT Bank BNI Syariah of 1,500 shares with a nominal value of Rp1,500,000,000 (one billion five hundred million Rupiah) or equivalent to 0.1% stake in PT BNI Bank BNI Syariah. STRUKTUR GRUP PERUSAHAAN COMPANY GROUP STRUCTURE Perusahaan merupakan anak usaha dari Bank BNI yang memiliki anak usaha lainnya yaitu BNI Syariah, BNI Multifinance, dan BNI Sekuritas. The Company is a subsidiary of Bank BNI that has other subsidiaries, namely BNI Syariah, BNI Multifinance and BNI Sekuritas. Annual Report 2017 | PT BNI Life Insurance Company Profile Yayasan Kesejahteraan Pegawai Bank Negara Indonesia (YKP BNI) 89
  90. Profil Pemegang Saham Shareholder Profiles Profil Prusahaan PT BANK BNI SYARIAH 99 ,94% PT SARANA BERSAMA PENGEMBANGAN INDONESIA 99,94% 90 PT BNI Life Insurance | Laporan Tahunan 2017 PT BNI MULTIFINANCE 99,98% PT BNI SEKURITAS 75% PT SWADHARMA SURYA FINANCE 25% PT BNI ASSET MANAGEMENT 99,9% PT PEMERINGKAT EFEK INDONESIA 99,98% PT KUSTODIAN SENTRAK EFEK INDONESIA 1%
  91. Profil Pemegang Saham Shareholder Profiles Company Profile PT BANK NEGARA INDONESIA (Persero) Tbk PT BNI LIFE INSURANCE 60% BNI REMITTANCE 100% PT MIZUMO INDONESIA 1% PT BANK MITSUI SUMITOMO INDONESIA 0,52% Annual Report 2017 | PT BNI Life Insurance 91
  92. Nama dan Alamat Lembaga Penunjang BNI Life Nama dan Alamat Lembaga Penunjang BNI Life Name and Address of BNI Life Institution Supporting Name and Address of BNI Life Institution Supporting Profil Prusahaan Kantor Akuntan Publik Public Accountant Office ERNST & YOUNG/Purwantono, Sungkoro & Surja Gedung Bursa Efek Tower 2 Lt. 7 Jl. Jendral Sudirman KAv. 52-53, Jakarta 12190 ERNST & YOUNG/Purwantono, Sungkoro & Surja Gedung Bursa Efek Tower 2 7th Floor Jl. Jendral Sudirman KAv. 52-53, Jakarta 12190 Notaris Notary 1. Mala Mukti, SH, MH Alamat : AXA Tower Lantai 27 # 06 Jl. Prof. Dr. Satrio Kav.18 Jakarta 12940 Tel. 021-30056229 1. Mala Mukti, SH, MH Address : AXA Tower Lantai 27 # 06 Jl. Prof. Dr. Satrio Kav.18 Jakarta 12940 Tel. 021-30056229 2. Fathiah Helmi, SH Alamat : Graha Irama Lt. 6c Jl. HR Rasuna Said Blok X-1 Kav.1&2 Jakarta Selatan 12950 Tel. 021-52907304 2. Fathiah Helmi, SH Address : Graha Irama Lt. 6c Jl. HR Rasuna Said Blok X-1 Kav.1&2 Jakarta Selatan 12950 Tel. 021-52907304 Kantor Hukum Legal Office 1. Rahmad Irwan & Partners (Retainer Lawyer) Alamat : Gandaria 8 Office, Lantai 15 Floor of D, Jalan Sultan Iskandar Muda, Kebayoran Lama, Jakarta Selatan 12240. 1. Rahmad Irwan & Partners (Retainer Lawyer) Address : Gandaria 8 Office, Lantai 15 Floor of D, Jalan Sultan Iskandar Muda, Kebayoran Lama, Jakarta Selatan 12240. 2. Kantor Advokat Teddy & Titi Alamat : Jalan Cimandiri No. 1A, Cikini-Menteng, Jakarta Pusat. 2. Teddy & Titi Advocat Office Address : Cimandiri Street No. 1A, Cikini-Menteng, Central Jakarta. 3. Law Office Fortuna Ace Wahyudin, S.H.; Susilowati, S.H. & Partner Alamat : Srondol Bumi Indah Blok R – 12, Semarang. 3. Law Office Fortuna Ace Wahyudin, S.H.; Susilowati, S.H.& Partner Address : Srondol Bumi Indah Blok R – 12, Semarang. Informasi Website BNI Life Company’s Website Information BNI Life menyediakan website yang dapat dengan mudah diakses oleh seluruh stakeholder yang beralamat https://www.bni-life.co.id. Keberadaan website tersebut merupakan bagian dari keterbukaan informasi yang dilakukan BNI Life, agar seluruh stakeholder dapat memperoleh berbagai informasi terkait dengan BNI Life. BNI Life provides a website that can be easily accessed by all stakeholders with the address https://www.bni-life.co.id. The existence of this website is part of the information disclosure conducted by BNI Life, so that all stakeholders can obtain various information related to BNI Life. Website BNI Life antara lain memuat informasi: • Profil Perusahaan • Profil Dewan Komisaris, Direksi dan Dewan Pengawas Syariah BNI Life website includes following information: • Company profile • Pofile of the Board of Commissioners, Board of Directors and Sharia Supervisory Board • Organizational structure • Company Vision, Mission and Values • Product Information • Award • Financial statements • Annual report • • • • • • 92 Struktur Organisasi Visi, Misi dan Nilai Perusahaan Informasi Produk Penghargaan Laporan Keuangan Laporan Tahunan PT BNI Life Insurance | Laporan Tahunan 2017
  93. Program Pengembangan Kompetensi Anggota Dewan Komisaris , Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Program Pengembangan Kompetensi Anggota Dewan Komisaris, Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head Untuk mendukung pelaksanaan tugas dan tanggung jawabnya, jajaran manajemen kunci BNI Life mengikuti berbagai pelatihan dan program pengembangan kompetensi baik yang dilakukan secara internal maupun oleh pihak ketiga. Pada tahun 2017, program pelatihan dan pengembangan kompetensi yang diikuti oleh jajaran manajemen kunci BNI Life adalah sebagai berikut: In order support the implementation of their duties and responsibilities, BNI Life's key management personnels participate in various trainings and competency development programs, both held internally and by third parties. In 2017, training and competency development programs followed by the key management personnels were as follows: Dewan Komisaris Board of Commissioners Nama Name Jabatan Position Workshop/Training/ Seminar Penyelenggara Organizer Tanggal Date Company Profile Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head Tempat Location Krisna Wijaya Komisaris Utama/Komisaris Independen President Commissioner/ Independent Commissioner 28th Pasific Insurance Conference Pasific Insurance Conference 19-22 November 2017 November 19-22, 2017 Grand Hyatt, Hongkong Darwin Suzandi Komisaris Commissioner 28th Pasific Insurance Conference Pasific Insurance Conference 19-22 November 2017 November 19-22, 2017 Grand Hyatt, Hongkong Kazuhiko Arai Komisaris Commissioner - - - - Husain Abdullah Komisaris Independen Independent Commissioner - - - - Wiriadi Saputra Komisaris Independen Independent Commissioner 28th Pasific Insurance Conference Conference Pasific Insurance Conference 19-22 November 2017 November 19-22, 2017 Grand Hyatt, Hongkong Board of Director Direksi Nama Name Geger N. Maulana Jabatan Position Plt. Direktur Utama/Wakil Direktur Utama Acting President Director/ Vice President Director Workshop/Training/ Seminar Innovation in ASEAN Insurance conference Penyelenggara Organizer Tanggal Date Tempat Location 24 & 25 Januari 2017 January 24 & 25, 2017 JW Marriot Jakarta The 4th International AAMAI Conference on Global Insurance 27 – 29 Juli 2017 July 27 – 29, 2017 Yogyakarta Marketforce Intan Abdams Katoppo Direktur Director - - - - Hirokazu Todaka Direktur Director - - - - Naruyoshi Kuwata Direktur Director Master Class Risk Governance For Senior Managers and Board CRMS Global Members 6-7 November 2017 November 6 – 7, 2017 Singapura Singapore Shara Supervisory Board Dewan Pengawas Syariah Nama Name KH. Ma’ruf Amin Jabatan Position Ketua Chairman Workshop/Training/ Seminar Penyelenggara Organizer Tanggal Date Tempat Location Pembicara : Ijtima’ Sanawi DPS Tahun 2017 Speaker: Ijtima’ Sanawi DPS of 2017 Majelis Ulama Indonesia dan OJK Indonesian Council of Ulama and OJK 2-3 November 2017 November 2 – 3, 2017 Jakarta Pembicara : Tantangan dan Peluang Pasar Keuangan Syariah di Indonesia Speaker: Challenges and Opportunities of Sharia Financial Market in Indonesia Sekolah Pascasarjana (SPs) UIN Jakarta Postgraduate School (SPs) of UIN Jakarta 9 – 10 November 2016 November 9 – 10, 2016 Syahida Inn Annual Report 2017 | PT BNI Life Insurance 93
  94. Program Pengembangan Kompetensi Anggota Dewan Komisaris , Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head Profil Prusahaan Shara Supervisory Board Dewan Pengawas Syariah Nama Name Prof. Dr. H. Utang Ranuwijaya, MA Ir. Agus Haryadi, AAAIJ, FIIS,ASAI Jabatan Position Anggota Member Anggota Member Workshop/Training/ Seminar Tanggal Date Tempat Location Narasumber: Workshop Ekonomi Syariah Program Pascasarjana  IAIN SMH Banten Speaker: Workshop on Sharia Economy at Postgraduate Program of IAIN SMH Banten Program Pascasarjana  IAIN SMH Banten Postgraduate Program of IAIN SMH Banten 13 September 2017 September 13, 2017 Banten Narasumber: Workshop Pengembangan Bahan Ajar Fakultas Ekonomi dan Bisnis Islam Speaker: Workshop on Learning Materials Development of Faculty of Economics and Islamic Business Fakultas Ekonomi dan Bisnis Islam IAIN SMH Banten Faculty of Economics and Islamic Business of IAIN SMH Banten 6-7 Juli 2017 July 6 – 7, 2017 Banten Workshop Pra Ijtima’ Sanawi (Annual Meeting) Pre Ijtima’ Sanawi Workshop (Annual Meeting) Majelis Ulama Indonesia dan OJK Indonesian Council of Ulama and OJK 4 Oktober 2017 October 4, 2017 Jakarta Workshop Asuransi Syariah DPS DPS Insurance Sharia Workshop AASI 23 Maret 2017 March 23, 2017 Jakarta Workshop Pra Ijtima’ Sanawi (Annual Meeting) Pre Ijtima’ Sanawi Workshop (Annual Meeting) Majelis Ulama Indonesia dan OJK Indonesian Council of Ulama and OJK 4 Oktober 2017 October 4, 2017 Jakarta Ijtima’ Sanawi DPS Tahun 2017 Ijtima’ Sanawi DPS of 2017 Majelis Ulama Indonesia dan OJK Indonesian Council of Ulama and OJK 2-3 November 2017 November 2 – 3, 2017 Jakarta Audit Committee Komite Audit Nama Name Jabatan Position Penyelenggara Organizer Nama Pelatihan/Workshop/Seminar Waktu dan Tempat Time and Location Wiriadi Saputra Ketua Chairman - - - Ludovicus Sensi W Anggota Member Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 November 19-22, 2017 Darwin Suzandi Anggota Member Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 November 19-22, 2017 Risk Monitoring Committee Komite Pemantau Risiko Nama Name 94 Penyelenggara Organizer Jabatan Position Penyelenggara Organizer Nama Pelatihan/Workshop/Seminar Waktu dan Tempat Time and Location Mauli Adiwarman Idris Ketua (hingga 21 April 2017) Chairman (until April 21, 2017) - - - Husain Abdullah Ketua (sejak 6 Mei 2017) Chairman (since May 6, 2017) - - - Ludovicus Sensi W. Anggota Member Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 November 19-22, 2017 Djarot Ramelan S. Anggota Member Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 November 19-22, 2017 PT BNI Life Insurance | Laporan Tahunan 2017
  95. Program Pengembangan Kompetensi Anggota Dewan Komisaris , Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head Nama Name Arry Herwindo Wildan Asep Kurnia Sudrajat Tati Nurlela Frisca Magdalena Tobing Nova Fajarwaty Jabatan Position Head of Corporate Secretary Senior Manager Manager Senior Assistant Manager Senior Assistant Manager Maretta Keyti Faraswati Assistant Manager Tamara Bakti Prastya Assistant Manager Corporate Secretary Penyelenggara Nama Pelatihan/Workshop/Seminar Organizer Waktu dan Tempat Time and Location Finon 2 : Profit Planning & Capital Budgeting PPM Manajemen September 13-14 2017, Jakarta September 13-14, 2017, Jakarta Subsidiary governance dalam konteks holdingisasi BUMN dan trend aksi korporasi DPS & KNKG Oktober 26 2017, Jakarta October 26, 2017, Jakarta Strategic Employee Engagement (Head Of Division) Blessing White Maret 3 - 4 2017, Jakarta March 3 - 4, 2017, Jakarta Follow Up & evaluation : Leader Role in Emp Engagement  Training Blessing White April 7 & 18 2017, Jakarta 7 -18 April 2017, Jakarta Risk Management For Leader batch 2 STMA Trisakti & LSP MKS Agustus 25-26 2017 & 29 Agustus 2017, Jakarta August 25-26 & August 29 2017, Jakarta Sharing Session From BOC & SA to Leaders PT BNI Life Insurance Desember 5 2017, Jakarta December 5, 2017, Jakarta Pelatihan Kepatuhan kepada Perusahaan Anak (POJK No12/POJK.01/2017; UU No.9 thn2017; GCG; Profil Risiko) Bank BNI Training Compliance to the Subsidiaries (POJK No.12/POJK.01/2017; UU No.9/2017; GCG; Profile Risk) Desember 12 2017,Jakarta December 12, 2017,Jakarta Employee Engagement For Leader Batch Blessing White April 4 -5 2017, Jakarta 4 -5 April 2017, Jakarta Leadership Communication Batch 5 For MGR Cici Resti Consulting November 9-10 2017, Jakarta 9-10 November 2017, Jakarta Employee Engagement For Leader Batch 6 Blessing White April 4 -5 2017, Jakarta 4 -5 April 2017, Jakarta Leadership Communication batch 1 For MGR Cici Resti Consulting Oktober 5-6 2017, Jakarta October 5-6, 2017, Jakarta Insurance Market Overview 2018 McHudson November 3 2017, Jakarta 3 November 2017, Jakarta Insurance Outlook 2018 Media Asuransi November 16 2017, Jakarta 16 November 2017, Jakarta PKPA FHP Edulaw November 18-Desember 23 2017, Jakarta November 18-December 23, 2017, Jakarta Pelatihan Kepatuhan kepada Perusahaan Anak (POJK No12/POJK.01/2017; UU No.9 thn2017; GCG; Profil Risiko) Bank BNI Training Compliance to the Subsidiaries (POJK No.12/POJK.01/2017; UU No.9/2017; GCG; Profile Risk) Desember 11 2017, Jakarta December 11, 2017, Jakarta Managing Profesional Growth  : For AMGR & SAMGR Batch 3 Blessing White Mei 2 - 3 2017, Jakarta May 2 - 3, 2017, Jakarta Finance For Non Finance Batch 2 M-Knows Consulting Oktober 19-20 2017, Jakarta  October 19-20, 2017, Jakarta 7th Indonesia Secretary Summit Sekretaris Pro April 20-21 2017, Jakarta 20-21 April 2017, Jakarta Sosialiasi Memo Memo Socialization Corporate Secretary Maret 21 2017, Jakarta March 21, 2017, Jakarta Sosialiasi Memo Memo Socialization Corporate Secretary Maret 21 2017, Jakarta March 21, 2017, Jakarta Sosialisasi BPP IT BPP IT Socialization PT BNI Life Insurance Mei 3 2017, Jakarta May 3, 2017, Jakarta Training DPLK PT BNI Life Insurance Mei 10 2017, Jakarta May 10, 2017, Jakarta Siswanto Assistant Manager Sosialiasi Memo Memo Socialization Corporate Secretary Maret 21 2017, Jakarta March 21, 2017, Jakarta Putri Kartika Untiani Senior Assistant Sosialisasi Memo Memo Socialization   PT BNI Life Insurance Maret 21 2017, Jakarta March 21, 2017, Jakarta Annual Report 2017 | PT BNI Life Insurance Company Profile Sekretaris Perusahaan 95
  96. Program Pengembangan Kompetensi Anggota Dewan Komisaris , Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head Profil Prusahaan Nama Name Shaumi Rahmanindya Hidayat Awang Suryotejo Jabatan Position Senior Assistant Penyelenggara Organizer Nama Pelatihan/Workshop/Seminar Waktu dan Tempat Time and Location Emotional Intelligent Training - Batch 3 PT BNI Life Insurance Agustus 1 2017, Jakarta August 1 2017, Jakarta Manajemen Umum Dana Pensiun (MUDP) Asosiasi Dana Pensiun Indonesia Juli 24-27 2017, Jakarta July 24-27 2017, Jakarta EB Special Forces Batch 1 – PSAK PT BNI Life Insurance Januari 27 2017, Jakarta January 27, 2017, Jakarta EB Special Forces Batch 3 - Investment knowledge PT BNI Life Insurance Februari 9 2017, Jakarta February 9, 2017, Jakarta EB Special Forces Batch 4 - Validasi Investment K PT BNI Life Insurance Februari 14 2017, Jakarta February 14, 2017, Jakarta EB Special Forces Batch 5 - Accounting Treatment PT BNI Life Insurance Februari 21 2017, Jakarta February 21, 2017, Jakarta EB Special Forces Batch 6 - Program saving PT BNI Life Insurance Februari 28 2017, Jakarta February 28, 2017, Jakarta EB Special Forces Batch 7 - Accounting Treatment PT BNI Life Insurance Juni 16 2017, Jakarta June 16, 2017, Jakarta Induction Batch 2 PT BNI Life Insurance Mei 17 2017, Jakarta May 17, 2017, Jakarta Senior Assistant Kepala Audit Internal Nama Name Jabatan Position Waktu dan Tempat Time and Location Albert J. Rotinsulu Head of Internal Audit QCRO (Qualified Chief Risk Officer) Hesty Purwaningsih Senior Auditor Leadership Communication CRC Learning Consultant Oktober 09 - 10 2017, Hotel Ibis Slipi - Jakarta October 09 - 10, 2017, Hotel Ibis Slipi - Jakarta BNI Life In-House Legal Training. Pro-Legal Januari 23 - 24 2017, Jakarta January 23 - 24, 2017, Jakarta Refreshment Auditor SPI BNI: Perbankan Syariah. SPI BNI Januari 25 - 26 2017, Jakarta January 25 - 26, 2017, Jakarta QIA Dasar II YPIA (Yayasan Pendidikan Internal Audit) Maret 06 - 17 2017, Jakarta March 06 - 17, 2017, Jakarta Cecep Firmansyah Senior Auditor Sunardi 96 Penyelenggara Organizer Nama Pelatihan/Workshop/Seminar PT BNI Life Insurance | Laporan Tahunan 2017 April 4 2017, Jakarta (Hotel Santika-Slipi) Managing Professional Growth Training 2017 (Employee Training Program - Mandatory) Employee Training - BNILife QIA Lanjutan I YPIA (Yayasan Pendidikan Internal Audit) Metodologi Teknik Investigasi dan Pengungkapan Kasus-Kasus Fraud (WS-01). Methodology Investigation Technique and State Disclosure Laws Over (W5-01) Lembaga Pengembangan Fraud Auditing (LPFA) Leadership Communication CRC Learning Consultant Oktober 16 - 17 2017, Hotel Ibis Slipi - Jakarta October 16 - 17, 2017, Hotel Ibis Slipi - Jakarta Refreshment Auditor SPI BNI: Perbankan Syariah. SPI BNI Januari 17 - 18 2017, Jakarta January 17 - 18, 2017, Jakarta Refreshment Auditor SPI BNI: Reksadana. SPI BNI Januari 19 2017, Jakarta January 19, 2017, Jakarta Sharing Session Tentang Pelaksanaan Pengadaan Barang dan Jasa. Sharing Session on the Implementation of Procurement. Unit PFA - BNI Mei 10 2017, BNI Life Training Center - KS Tubun - Jakarta. May 10, 2017, BNI Life Training Center - KS Tubun - Jakarta. Pelatihan Fraud Auditing 1 (FA-1) Training Fraud Auditing 1 (FA-1) Lembaga Pengembangan Fraud Auditing (LPFA) September 12-15 2017, Jakarta 12-15 September 2017, Jakarta April 5 2017, Jakarta (Hotel Santika-Slipi) Juni 05 - 16 2017, Jakarta June 05 - 16, 2017, Jakarta Agustus 03-04 2017, Jogjakarta August 03-04 2017, Jogjakarta
  97. Program Pengembangan Kompetensi Anggota Dewan Komisaris , Direksi, Komite, Sekretaris Perusahaan dan Kepala Audit Internal Competency Development Program for Members of Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Head Fanie Rachmalia Hari Sundoro Happy Dian Wicaksono Ayoe Dila P Jabatan Position Junior Auditor Junior Auditor Penyelenggara Organizer Nama Pelatihan/Workshop/Seminar Waktu dan Tempat Time and Location Pendidikan dan Pelatihan Audit Intern Tingkat Manajerial (QIA). Education and training internal audit managerial level YPIA (Yayasan Pendidikan Internal Audit) Feb 20 s/d Mar 01 2017, Jakarta February 20 until March 01 2017, Jakarta Psikologi dan Komunikasi Dalam Audit Psychology and Communication in an Audit YPIA (Yayasan Pendidikan Internal Audit) Oktober 4 - 6 2017, Jakarta October 4 - 6 2017, Jakarta Finance for Non Financial Training M-Knows Consultant April 20 - 21 2017, BNI Life Training Center - KS Tubun - Jakarta. 20 - 21 April 2017, BNI Life Training Center - KS Tubun - Jakarta. Managing Professional Growth - Employee Engagement (for Leader) BESSINGWHITE Mei 2 - 3 2017, Hotel Santika - Jakarta May 2 - 3 2017, Hotel Santika - Jakarta Cascading and Establish the Key Performance Indicator. PungkiPurnadi&Assosiate Mei 9 2017, BNI Life Training Center - KS Tubun - Jakarta. May 9, 2017, BNI Life Training Center - KS Tubun - Jakarta. COSO 2013: Implementing the Framework. IIA Mei 23 - 24 2017, IIA Gedung Bidakara - Jakarta May 23 - 24, 2017, IIA Gedung Bidakara - Jakarta Emergency Preparedness Training 2017 PT Gada Agni Indonesia (Bpk. Budi Firnandi) September 9 2017, BNI Life Training Center - KS Tubun - Jakarta. 9 September 2017, BNI Life Training Center - KS Tubun - Jakarta. Refreshment Auditor SPI BNI: Investment Banking. SPI BNI Januari 20 2017, Jakarta January 20, 2017, Jakarta BNI Life In-House Legal Training. Pro-Legal Januari 23 - 24 2017, Jakarta January 23 - 24, 2017, Jakarta Sosialisasi Gratifikasi dari KPK. Socialization Gratifikasi from KPK. Perwakilan Komisi Pemberantasan Korupsi: Ibu Devi Lisnawati & Ibu Mutiara Carina Rizky (Pemeriksa Gratifikasi) Maret 08 2017, Jakarta BNI Life-Landmark-R. Multifunction March 08, 2017, Jakarta BNI Life-Landmark-R. Multifunction Company Profile Nama Name Maret 09 2017, Jakarta (Hotel Santika-Slipi) March 09, 2017, Jakarta (Hotel Santika-Slipi) Managing Professional Growth Training 2017 (Employee Training Program - Mandatory) Employee Training - BNILife QIA Dasar I YPIA (Yayasan Pendidikan Internal Audit) Mei 08 - 19 2017, Gedung Lavenue - Jakarta May 08 - 19, 2017, Gedung Lavenue - Jakarta QIA Dasar II YPIA (Yayasan Pendidikan Internal Audit) Juli 17 - 28 2017, Hotel Amaris - Jakarta, Pasar Minggu. July 17 - 28, 2017, Hotel Amaris - Jakarta, Pasar Minggu. Metodologi Teknik Investigasi dan Pengungkapan Kasus-Kasus Fraud (WS-02). Methodology Investigation Technique and State Disclosure Laws Over (W5-02) Lembaga Pengembangan Fraud Auditing (LPFA) Februari 16 - 17 2017, Jogjakarta February 16 - 17, 2017, Jogjakarta Sosialisasi Gratifikasi dari KPK. Perwakilan Komisi Pemberantasan Korupsi:Ibu Devi Lisnawati & Ibu Mutiara Carina Rizky (Pemeriksa Gratifikasi) Maret 08 2017, Jakarta BNI Life-Landmark-R. Multifunction March, 08 2017, Jakarta BNI Life-Landmark-R. Multifunction Pelatihan Fraud Auditing 1 Lembaga Pengembangan Fraud Auditing (LPFA) Maret 20 - 21 2017, Jakarta. March 20 - 21, 2017, Jakarta. Maret 10 2017, Jakarta (Hotel Santika-Slipi) March 10, 2017, Jakarta (Hotel Santika-Slipi) Annual Report 2017 | PT BNI Life Insurance 97
  98. Wilayah Operasional Perusahaan Wilayah Operasional Perusahaan Company Operational Network Company Operational Network Profil Prusahaan Aceh Medan Tanjung Selor Palangkaraya Pekan baru Jambi Pemantang Siantar Samarinda Pontianak Batam Padang Palembang Bengkulu Jakarta Banjarmasin Semarang Surabaya Bandar lampung Serang Bandung Yogyakarta 98 PT BNI Life Insurance | Laporan Tahunan 2017 Bali
  99. Wilayah Operasional Perusahaan Company Operational Network Company Profile Mamuju Manado Ternate Gorontalo Sorong Palu Manokwari Jayapura Kendari Ambon Ujungpandang Makassar Kupang Bima Lombok Annual Report 2017 | PT BNI Life Insurance 99
  100. Wilayah Operasional Perusahaan Company Operational Network Profil Prusahaan Kantor Pemasaran Marketing Office Kantor Pemasaran Balikpapan /Balikpapan Marketing office Komp. Ruko Haryono Palace Jl. MT. Haryono No. 2 Kel. Gunung Samarinda Kota Balikpapan – Kalimantan Timur Telp : (0542) 8510182 Fax : (0542) 8510181 Email : kp.balikpapan@bni-life.co.id Kantor Pemasaran Kupang/Kupang Marketing Office Jalan Veteran, RT 014, RW 004 Kelurahan Fatululi, Kecamatan Oebobo Kota Kupang Telp : (0380) 8441236 Email : kp.kupang@bni-life.co.id Kantor Pemasaran Bandung 01/Bandung 01 Marketing office Jl. Karapitan No. 129 B RT. 01 RW. 07 Kel. Burangrang Kec. Lengkong Bandung 40262 Telp : (022) 73517990 Email : bandung.01@bni-life.co.id Kantor Pemasaran Denpasar/Denpasar Marketing Office Jl. Buluh Indah No. 149 Denpasar 80118, Bali Telp : (0361) 416 301 (0361) 416 302 (0361) 416 303 Fax. : (0361) 416 350 Email :denpasar@bni-life.co.id Kantor Pemasaran Slipi/Slipi Marketing Office Gedung Grand Slipi Tower Lantai 8 Jl. S. Parman Kav 22 - 24 Jl. S. Parman Kav 22 - 24 r Lantai 8 Unit N dan O Jakarta Barat – 11480 Telp : (021) 2902 1982 Ext : 125 (021) 2594 5068 Fax : (021) 2594 5064 Email : slipi@bni-life.co.id Kantor Pemasaran Intiland/Intiland Marketing Office Gedung BNI Life Insurance Lt 4 Jl. Aipda K.S Tubun No.67 Jakarta Pusat, 10260 Telp : (021) 5366 7676 ext 3856 Fax : (021) 5366 7687 Email : intiland@bni-life.co.id Kantor Pemasaran Jakarta Timur/East Jakarta Marketing Office Ruko Pahlawan Revolusi Office Park Jl. Pahlawan Revolusi No. 46 RT. 006 RW. 012 Kel. Pondok Bambu Kec. Duren Sawit Jakarta Timur Telp : 021 – 22088062 Email : kp.jakarta-timur@bni-life.co.id 100 PT BNI Life Insurance | Laporan Tahunan 2017 Kantor Pemasaran Lampung/Lampung Marketing Office Jl. Jend. Sudirman no. 134 A Kel. Rawalaut Kec. Enggal Bandar Lampung - Lampung Telp. : 0721-5600 350, 5600 066, 5600 067 Fax. : 0721-5600 027 Fleksi. : 0721-3653 242 Email : lampung.01@bni-life.co.id Kantor Pemasaran Makassar/Marketing Marketing Office Jl. Pengayoman Ruko Mirah II No. 29, RT 05 RW 04 Kelurahan Pandang, Kecamatan Panakkukang Makassar 90231 Telp : (0411) 467 3521 Fax : (0411) 467 3522 Email : makassar.01@bni-life.co.id makassar.02@bni-life.co.id Kantor Pemasaran Medan 03/Medan 03 Marketing Office Jl. T. Amir Hamzah No. 6/37 Kel. Sei Agul Kec. Medan Barat Medan 20117 - Sumatera Utara Telp : (061) 8003 2341 Fax :Email : medan.03@bni-life.co.id Kantor Pemasaran Palembang 01/Palembang 01 Marketing Office Jl. Basuki Rahmat No. 897 F Palembang 30127 Sumatera Selatan, Indonesia Telp : (0711) 311 448 (Hunting) Fax : (0711) 359 684 Email : palembang@bni-life.co.id Kantor Pemasaran Pekanbaru/Pekanbaru Marketing Office Jl. Jenderal Ahmad Yani No. 132 C Pekan Baru 28127 Riau, Indonesia Telp : (0761) 446 44 Flexi : (0761) 706 7658 Fax : (0761) 446 46 Email : pekanbaru@bni-life.co.id
  101. Wilayah Operasional Perusahaan Company Operational Network Company Profile Kantor Pemasaran Semarang 02 /Semarang 02 Marketing Office Ruko Saka Square B6 Jl. Majapahit No. 75A Kel. Pandean Lamper Kec. Gayamsari Semarang 50198 – Jawa Tengah Telp :(024) 764 11676 Fax : (024) 7692 8583 Email : semarang.02@bni-life.co.id Kantor Pemasaran Solo 02/Solo 02 Marketing Office Ruko Honggowongso Square Blok B-10 Jl. Honggowongso No. 57 Kel. Kemlayan Kec. Serengan Surakarta 57141 - Jawa Tengah Telp : (0271) 630 111 (0271) 631 899 (0271) 664 662 Flexi : (0271) 208 1964 Fax : (0271) 668 864 Email : solo.02@bni-life.co.id Kantor Pemasaran Surabaya 01/Surabaya 01 Marketing Office Rukan Graha Bintoro Jl. Bintoro 16 C Surabaya 60264 Jawa Timur, Indonesia Telp : (031) 5685 668-69 (Hunting) Fax : (031) 5681 556 Email : surabaya.01@bni-life.co.id Kantor Pemasaran Surabaya 02/Surabaya 02 Marketing Office Perkantoran Darmo Square R-5 Jl. Raya Darmo No. 54-56 Surabaya 60251, Jawa Timur, Indonesia Telp : (031) 5636 198 Fax : (031) 5631 628 Email : surabaya.02@bni-life.co.id Kantor Pemasaran Yogyakarta 02/Yogyakarta 02 Marketing Office Ruko Casa Grande No. 39 Jl. Ringroad Utara DI. Yogyakarta 55282 Telp : (0274) 4478 164 /165 (Hunting) Fax : (0274) 4478 247 Email : yogyakarta.02@bni-life.co.id Kantor Pemasaran Mandiri/Kantor Pemasaran Mandiri Kantor pemasaran Mandiri Banda Aceh 02/Banda Aceh 02 Independent Marketing Office Jl. Cut Nyak Dien No. 509 Kel. Lamteumen Timur Kec. Jaya Baru Banda Aceh 23236 - Nanggro Aceh Darusallam Telp : (0651) 444 12 ‘0853 5830 4966 Email : kpm.aceh02@bni-life.co.id Kantor Pemasaran Mandiri Banda Aceh 03 Banda Aceh Independent Marketing Office Jl. TGK Imuem Lueng Bata No. 48 Kel. Lamseupeung Kec. Lueng Bata Kota Banda Aceh 23247 - Nangro Aceh Darussalam Telp : (0651) 355 11 Email : kpm.aceh03@bni-life.co.id Kantor Pemasaran Mandiri Bandar Lampung Kota/ Bandar Lampung City Independent Marketing Office Jl. RA. Kartini No. 66 RT 002 LK. III Kelurahan Tanjungkarang Kecamatan Enggal Bandar Lampung Telp : (0721) 252221 Email : kpm.bandarlampung-kota@bni-life.co.id Kantor Pemasaran Mandiri Bandar Lampung Sukabumi Bandar Lampung Sukabumi Independent Marketing Office Komplek Ruko Nusantara Jalan P. Tirtayasa Kelurahan Sukabumi Kecamatan Sukabumi Bandar Lampung Telp : (0721) 350966 Email : kpm.bandarlampung-sukabumi@bni-life.co.id Kantor Pemasaran Mandiri Bangka Baru Bangka Baru Independent Marketing Office Jl. Pulau Pelepas RT 013 Desa Beluluk Kec. Pangkalan Baru Kab. Bangka Tengah Telp : (071) 79106774 Email : kpm.bangkabaru@bni-life.co.id Annual Report 2017 | PT BNI Life Insurance 101
  102. Wilayah Operasional Perusahaan Company Operational Network Profil Prusahaan Kantor Pemasaran Mandiri Bandung - Dago Bandung- Dago Independent Marketing Office Jl . Cisitu Indah II No. 14 B RT. 04 RW. 04 Kel. Dago Kec. Coblong Kota Bandung – Jawa Barat Telp : (022) 2504172 Email : kpm.bandung-dago@bni-life.co.id Kantor Pemasaran Mandiri Bajarnegara Kota Banjarnegara City Independent Marketing Office Jl. Tentara Pelajar No. 8A RT 02 RW 02 Kelurahan Sokanandi Kec/Kab Banjarnegara Telp : (0286) 5963948 Email : kpm.banjarnegara-kota@bni-life.co.id Kantor Pemasaran Mandiri Bantul Kota Bantul City Independent Marketing Office Pertokoan Royal Bantul Square Kav. 07 Jl. Prof. Dr. Supomo Karang Dk Mandingan, Ringinharjo, Bantul Telp : (0274) 2810855 Email : kpm.bantul-kota@bni-life.co.id Kantor Pemasaran Mandiri Banyuwangi Banyuwangi Independent Marketing Office Jalan Hasanudin No. 86 Dusun Krajan II, RT 02 RW 05 Desa Kembiritan Kecamatan Genteng Kabupaten Banyuwangi Telp : (0333) 5823289 Email : kpm.banyuwangi@bni-life.co.id Kantor Pemasaran Mandiri Bima Karara Bima Karara Independent Marketing Office Jl. Soekarno Hatta Lingk Lewirowa RT 005 RW 002 Kelurahan Monggonao Kecamatan Mpunda Kota Bima Telp : (0374) 6647254 Email : kpm.bimakarara@bni-life.co.id Kantor Pemasaran Mandiri Bengkulu 02 Bengkulu 02 Independent Marketing Office Jl. Tribrata No.2 Rt.01/03 Kel. Cempaka Permai Kec. Gading Cempaka Bengkulu Telp : ( 0736 ) 541 2712 Email : kpm.bengkulu02@bni-life.co.id 102 PT BNI Life Insurance | Laporan Tahunan 2017 Kantor Pemasaran Mandiri Cianjur Bypass Cianjur Bypass Independent Marketing Office Jl. Dr. Muwardi No. 122 A/B RT. 05 RW 04 Kelurahan Bojongherang Kecamatan Cianjur Kab. Cianjur Telp : (0263) 2260549 Email : kpm.cianjur-bypass@bni-life.co.id Kantor Pemasaran Mandiri Cilacap Cilacap Independent Marketing Office Jl. Urip Sumoharjo No. 156 RT:01 RW:06 Kel. Gumilir Kec. Cilacap Utara Kabupaten Cilacap - Jawa Tengah Telp : (0282) 545 245 Email : kpm.cilacap@bni-life.co.id Kantor Pemasaran Mandiri Cirebon 02 Cirebon 02 Marketing Office Ruko Plaza 90 Blok B.02 Jl. Pamitran Rt.02/03 Kel. Kejaksan Kec. Kejaksan Cirebon – Jawa Barat Telp : 0857 5963 4971 Email : kpm.cirebon02@bni-life.co.id Kantor Pemasaran Mandiri Denpasar Utara North Denpasar Independent Marketing Office Jl. Nangka Utara No. 212 Kelurahan Tonja Kecamatan Denpasar Utara Denpasar Telp : (0361) 415225 Email : kpm.denpasar-utara@bni-life.co.id Kantor Pemasaran Mandiri Depok Cinere Cinere Depok Independent Marketing Office Cinere Terrace Commercial Ruko JB-9 Jl. Telaga Warna Kelurahan Pangkalan Jati, Kecamatan Cinere Kota Depok Telp : 081316658385 Email : kpm.depok-cinere@bni-life.co.id
  103. Wilayah Operasional Perusahaan Company Operational Network Kantor Pemasaran Mandiri Kebumen Kota Kebumen City Independent Marketing Office Jl . Kutoarjo No. 1 RT 01 RW 09 Kelurahan Panjeran Kecamatan Kebumen Kabupaten Kebumen Telp : (0287) 3870763 Email : kpm.kebumen-kota@bni-life.co.id Kantor Pemasaran Mandiri Kediri Kediri Independent Marketing Office Jl. Dhoho No. 168 Kota Kediri Telp : (0354) 4526555 Email : kpm.kediri@bni-life.co.id Kantor Pemasaran Mandiri Kediri Kota Kediri City Independent Marketing Office Ruko Hayam Wuruk Jl. Hayam Wuruk No. 16 E Rt. 25/07 Kel. Balowerti Kec. Kota Kediri Kediri 64121 - Jawa Timur Telp : (0354) 684639 Email : kpm.kediri-kota@bni-life.co.id Kantor Pemasaran Mandiri Kendal Kota Kedal City Independent Marketing Office Jl. Karang Kembang RT 01 RW 01 Ds. Ngilir Kec. Kota Kendal Kabupaten Kendal Telp : (0294) 3690591 Email : kpm.kendal-kota@bni-life.co.id Kantor Pemasaran Mandiri Lampung Bandar Jaya Lampung Bandar Jaya Independent Marketing Office Lampung Bandar Jaya Jl. Lintas Sumatra Lingk. I Gedong Sari RT 01 Kel. Seputih Jaya Kec. Gunung Sugih Kab. Lampung Tengah Kode pos 34161 Telp : (0725) 5210608 Email : kpm.lampung-bandarjaya@bni-life.co.id Company Profile Kantor Pemasaran Mandiri Gunung Sitoli Gunung Sitoli Independent Markketing Office Jalan Yos Sudarso No. 15 B Dusun I Desa Ombolata Ulu Kecamatan Gunung Sitoli Kota Gunung Sitoli Telp : 081220731546 Email : kpm.gunungsitoli@bni-life.co.id Kantor Pemasaran Mandiri Jambi Kota Jambi City Independent Marketing Office Jln. P. Diponegoro No. 39 RT. 08 Kelurahan Sungai Asam Kecamatan Pasar Jambi Kota Jambi Telp : (0741) 33893 Email : kpm.jambi-kota@bni-life.co.id Kantor Pemasaran Mandiri Lombok Timur East Lombok Independent Marketing Office Jl. A. Yani RT 01 Lingkungan Sandubaya Kecamatan Selong Kabupaten Lombok Timur Telp : (0376) 2991682 Email : kpm.lombok-timur@bni-life.co.id Kantor Pemasaran Mandiri Madiun Madiun Independent Marketing Office Jl. Raya Munggut No. 03 Rt.12/03 Kel. Munggut Kec. Wungu Madiun 63181 - Jawa Timur Telp : (0351) 452 872 Email : Kpm.madiun@bni-Life.co.id Kantor Pemasaran Mandiri Madiun Diponegoro Madiun Diponegoro Independent Marketing Office Jl. Diponegoro No. 56 RT. 30 RW. 06 Kelurahan Oro Oro Ombo Kecamatan Kartoharjo Kota Madiun Telp : (0351) 2811029 Email : kpm.madiun-diponegoro@bni-life.co.id Kantor Pemasaran Mandiri Magelang Mertoyudan Magelang Mertoyudan Independent Marketing Office Jl. Yogya - Magelang Ds. Japunan RT 01 RW 03 Desa Danurejo Kec. Mertoyudan Kabupaten Magelang Telp : (0293) 3193571 Email : kpm.magelang-mertoyudan@bni-life.co.id Kantor Pemasaran Mandiri Malang Malang Independent Marketing Office Ruko Plaza Ciliwung Kav. 2 Jalan Ciliwung No. 06 Kel. Purwantoro Kec. Blimbing Malang 65122 - Jawa Timur Telp : (0341) 495 454 Email : kpm.malang@bni-life.co.id Annual Report 2017 | PT BNI Life Insurance 103
  104. Wilayah Operasional Perusahaan Company Operational Network Profil Prusahaan Kantor Pemasaran Mandiri Manado 02 Manado 02 Independent Marketing Office Jl . Babe Palar-Rike No.45 Kel. Tanjung Baru, Kec. Wanea Manado - Sulawesi Utara 95116 Telp : (0431) 875 611 Fax : (0431) 875 612 Email : kpm.manado02@bni-life.co.id Kantor Pemasaran Mandiri Pati Kota Pati City Independent Marketing Office Jl. Dr. Setiabudi No. 21 F Pati Wilayah Kp. Dosoman RT 006 RW 001 Kelurahan Pati Wetan Kecamatan Pati Kabupaten Pati Telp : (0295) 4101925 Email : kpm.pati-kota@bni-life.co.id Kantor Pemasaran Mandiri Medan 01 Medan 01 Independnet Marketing Office Jl. Prof. H.M. Yamin Kompleks Serdang Permai No. 1 Medan - Sumatera Utara 20234 Telp : (061) 4550 577 Email : kpm.medan01@bni-life.co.id Kantor Pemasaran Mandiri Pekalongan Selatan South Pekalongan Independent Marketing Office Jl. Raya Tanjung Pramuka Simabang Kulon GG. 5 RT 014 RW 05 Kelurahan Simbang Kulon Kecamatan Buaran Kabupaten Pekalongan Telp : (0285) 4412975 Email : kpm.pekalonganselatan@bni-life.co.id Kantor Pemasaran Mandiri Metro Lampung Metro Lampung Independent Marketing Office Metro Lampung Jl. Alamsyah Ratu Prawira Negara (RPN) RT. 45 RW 08 Kel. Metro Kec. Metro Pusat Kota Metro Telp : (0725) 7852898 Email : kpm.metrolampung@bni-life.co.id Kantor Pemasaran Mandiri Pangkal Pinang Pusat Pangkal Pinang Pusat Independent Marketing Office Jl. Solihin GP RT 007 RW 002 Kel. Melintang Kec. Rangkui Pangkal Pinang Telp : (0717) 434729 Email : kpm.pangkalpinang-pusat@bni-life.co.id Kantor Pemasaran Mandiri Pasuruan Pasuruan Independent Marketing Office Ruko Taman Dayu Blok E-21 Kel. Karang Jati Kec. Pandaan Pasuruan, 67156 Jawa Timur Telp : ( 0343) 5640 053 Fax : (0343) 5640 052 Email : kpm.pasuruan@bni-life.co.id kpm.pandaan@bni-life.co.id 104 PT BNI Life Insurance | Laporan Tahunan 2017 Kantor Pemasaran Mandiri Ponorogo Kota Ponogoro City Independent Marketing Office Ruko Garden Family No. 5 Jl. Letjen Suprapto RT. 001 RW 001 Kelurahan Singosaren Kecamatan Jenangan Kab. Ponorogo Telp : (0352) 3576921 Email : kpm.ponorogo-kota@bni-life.co.id Kantor Pemasaran Mandiri Pontianak Pontianak Independent Marketing Office Ruko Permata Khatulistiwa Jl. Sui Raya Dalam No. 1 C Pontianak-Kalimantan Barat Telp : (0561) 6714 045 Fax : (0561) 6714 046 Email : kpm.pontianak@bni-life.co.id Kantor Pemasaran Mandiri Pontianak Sentarum Pontianak Sentarum Independent Marketing Office Jln D. Sentarum Samping Gg. Bersama Kelurahan Sungaibangkok Kecamatan Pontianak Kota Kota Pontianak Telp : 0561 - 8177394 Email : kpm.pontianak-sentarum@bni-life.co.id
  105. Wilayah Operasional Perusahaan Company Operational Network Kantor Pemasaran Mandiri Samarinda Kota Samarinda City Independent Marketing Office Jalan Bukit Alaya Ruko Alaya Junction LB 26 RT 70 Kelurahan Sungai Pinang Dalam , Kecamatan Sungai Pinang Kota Samarinda Telp : (0541) 2831690 Email : kpm.samarindakota@bni-life.co.id Kantor Pemasaran Mandiri Sumenep Kota Sumenep Kota Independent Marketing office Jalan Teuku Umar No. 46 Desa Pandian Kec. Kota Sumenep Kabupaten Sumenep Telp : (0328) 6762039 Email : kpm.sumenep-kota@bni-life.co.id Kantor Pemasaran Mandiri Tangerang Serpong Tangerang Serpong Independent Marketing Office Ruko Golden 8 Blok E No. 02 Jl. Ki Hajar Dewantara Kel. Pakulonan Barat Kec. Kelapa Dua Kab. Tangerang 15810 Telp : (021) 29238788 /29419098 Email : kpm.tangerang-serpong@bni-life.co.id Kantor Pemasaran Mandiri Tegal Kota Tegal Kota Independent Marketing Office Jl. Tarumanegara No. 40 Rt.03/01 Kel. Empangsari Kec. Tawang Tasikmalaya - Jawa Barat Telp : (0265) 328 946 (0265) 311 146 (0265) 2354 704 Email : kpm.tasik01@bni-life.co.id Kantor Pemasaran Mandiri Tegal Kota Tegal Kota Independent Marketing Office Jl. Citarum, Komplek Ruko Serayu No. 7 Kel. Mintaragen Kec. Tegal Timur Kota Tegal Telp : (0283) 4531910 Email : kpm.tegal-kota@bni-life.co.id Company Profile Kantor Pemasaran Mandiri Purwokerto Utara North Purwkerto Independent Marketing Office Jl. Hr. Bunyamin Purwokerto, Komplek ruko CT Work No. 6 RT. 003 RW 006 Kelurahan Bancarkembar Kecamatan Purwokerto Utara Kab. Banyumas Telp : (0281) 6577640 Email : kpm.purwokerto-utara@bni-life.co.id Kantor Pemasaran Mandiri Wonosobo Kota Wonosobo City Independent Marketing Office Jl. S. Parman Komplek Ruko Joyosono No. 2 Kelurahan Wonosobo Timur Kecamatan Wonosobo Kabupaten Wonosobo Telp : (0286) 3301846 Email : kpm.wonosobo-kota@bni-life.co.id Kantor Pemasaran Mandiri Yogyakarta 02 Yogyakarta 02 Independent Marketing Office Jl. DR Wahidin Ruko Kuantan Square No. R12 Mlati Krajan Desa Sendangadi Kec. Mlati Kab. Sleman Yogyakarta - Daerah Istimewa Yogyakarta Telp : (0274) 4530473 (0274) 4530474 Email : kpm.yogyakarta02@bni-life.co.id Kantor Pemasaran Mandiri Yogyakarta 03 Yogyakarta 03 Independent Marketing Office Jl. Ring Road Utara 68 Jombor-Kidul Sinduadi - Sleman Daerah Istimewa Yogyakarta Telp : ( 0274 ) 9232 726 : ( 0274 ) 4539 923 Email : kpm.yogya03@bni-life.co.id Kantor Pemasaran Outlet Outlet Marketing Office Kantor Pemasaran Outlet Metro Lampung Metro Lampung Marketing Office Outlet Jl. Yos Sudarso Rt.16/06 Kel. Mulyojati Kec. Metro Barat Metro – Lampung Telp : 0725 – 7852406 Email : KPO.Metro@bni-life.co.id Kantor Pemasaran Outlet Depok Depok Marketing Office Outlet Kebon Duren Rt.01/02 Kel. Kalimulya Kec. Cilodong Depok 16413 – Jawa Barat Telp : 021 - 7710 274 Email : KPO.Depok@bni-life.co.id Annual Report 2017 | PT BNI Life Insurance 105
  106. Fungsi Penunjang Bisnis Business Support Function
  108. Sumber Daya Manusia Sumber Daya Manusia Human Resources Human Resources Sumber Daya Manusia 108 BNI Life menyadari bahwa keberhasilan bisnis sangat tergantung pada kualitas Sumber Daya Manusia (SDM) yang memiliki kemampuan, pola pikir dan perilaku sesuai dengan nilai-nilai perusahaan untuk mendukung tercapainya misi dan visi Perseroan. BNI Life memandang pegawai sebagai aset berharga dalam mendorong keberlangsungan pertumbuhan Perseroan. BNI Life realizes that the success of a business depends greatly on the quality of human resources (HR), which have the ability, mindset and behaviour in accordance with company's values to support the achievement of the mission and vision of the Company. BNI Life looks at employees as valuable asset in encouraging the sustainability of the Company's growth. Sejalan dengan berkembangnya kegiatan bisnis, BNI Life melakukan perekrutan untuk memenuhi kebutuhan operasional saat ini dan untuk mendukung rencana jangka panjang Perseroan. In line with the growth of business activities, BNI Life carries out recruitment to meet current operational needs and to support the Company's long-term plans. DIVISI HUMAN CAPITAL & EMPLOYEE TRAINING HUMAN CAPITAL & EMPLOYEE TRAINING DIVISION Pengelolaan dan pengembangan SDM di BNI Life berada di bawah Divisi Human Capital & Employee Training. Divisi ini berfungsi untuk melakukan keseluruhan pengelolaan perencanaan, perencanaan kebijakan, dan pengembangan sumber daya manusia untuk mencapai tujuan dan sasaran perusahaan. HR management and development in BNI Life is conducted under Human Capital & Employee Training Division. This division serves to conduct the overall management of planning, policy planning and development of human resources to achieve the Company’s goals and objectives. Divisi Human Capital & Employee Training dikepalai oleh seorang Chief Resource Management Officer yang bertanggung jawab langsung kepada Direktur. Human Capital & Employee Training Division is headed by a Chief Resource Management Officer, which reports directly to Director. Tugas dan Tanggung Jawab Divisi Human Capital & Employee Training Duties and Responsibilities of Human Capital & Employee Training Division Bidang Tugas • Implementasi rencana strategis human capital • Rekrutmen sebagai talent acquisition dan mitra bisnis untuk mendukung semua kebutuhan modal manusia untuk semua divisi. • Manajemen kinerja dan hubungan Pegawai /tenaga kerja • Perumusan, pemantauan dan pelaksanaan kegiatan untuk anggaran human capital. • Administrasi kepegawaian sebagai layanan HC • Program pelatihan, pengembangan, dan pendampingan/ penasihat untuk Peagwai. Duties • Implementation of human capital strategic plan • Recruitment as a talent acquisition and business partner to support all human capital needs for all divisions. • Performance management and employee/labor relations • Formulation, monitoring and implementation of activities for human capital budget. • Personnel administration as HC service • Training program, development, and mentoring/advisor for Employees. Tanggung jawab • Melakukan implementasi rencana human capital strategis untuk mendukung perusahaan dalam mencapai rencana strategis. • Merencanakan dan menerapkan kebijakan, program, dan layanan untuk menyediakan layanan kepada Pegawai dan pelatihan, hubungan kerja, pengembangan organisasi, informasi dan analisis tenaga kerja, dan evaluasi sistem informasi HC. • Bertindak sebagai talent acquisition dan mitra bisnis untuk mendukung semua kebutuhan pengelolahan untuk semua divisi dan menjadi penasihat dan pemimpin terpercaya bagi semua direktur. • Melakukan penilaian, menyempurnakan dan menerapkan rencana strategis HC, rencana kerja dan rencana operasional yang sesuai dengan tujuan dan sasaran perusahaan. • Memimpin program pelatihan, pengembangan, dan pendampingan bagi pegawai untuk mencapai perencanaan pencapaian. • Melakukan perumusan dan pelaksanaan kegiatan untuk anggaran pengelolaan human capital. • Melakukan administrasi kepegawaian sebagai pusat layanan kepada Pegawai. Responsibility • Implement strategic human capital plans to support the company in achieving strategic plan. • Plan and implement policies, programs, and services to provide services to Employees and training, employment relation, organizational development, labor information and analysis, and evaluation of HC information system. • Act as talent acquisition and business partner to support all management needs for all divisions and become a trusted advisor and leader for all directors. PT BNI Life Insurance | Laporan Tahunan 2017 • • • • Conduct assessment, refine and implement HC strategic plan, work plan and operational plan that are consistent with the company's purposes and objectives. Lead training, development, and mentoring programs for employees to achieve achievement planning. Formulate and implement activities for human capital management budget. Conduct personnel administration as a service center to Employees.
  109. Sumber Daya Manusia Human Resources Organizational Structure of Human Capital & Employee Training Division Human Resources Struktur Organisasi Divisi Human Capital & Employee Training Organizational Structures Human Capital & Employee Training Human Capital & Employee Training Chief Employee Training Function Manpower Existing 1. Employee Training Design &Development 2. Employee Training Implementation & Monitoring 8 Strategy & Reporting 1. Policy Procedure 2. Organizati on Structure/ Organization Development 3. Job Description, Job Analysis, Job Evaluation 4. HR Reporting 2 Performance Management 1. Performance Management 2. Talent Management 3. Career 4. Development Employee Engagement 5. Industrial Relations 4 Talent Acqusition & Business Partner 1. Recruitment & Selection 2. Evaluation New Employee 3. Placement 5 Compensation Benefit & Operation 1. Compensation 2. Benefits 3. Payroll 4. Salary Structure 5. Personal Administration 6. HR Service 7 Pada akhir tahun 2017, jumlah personel Divisi Human Capital & Employee Training adalah sebanyak 27 orang, termasuk seorang Kepala Divisi. At the end of 2017, number of personnel of Human Capital & Employee Training Division is 27 people, including a Division Head. Profil Chief Resources Management Officer Chief Resources Management Officer Profile Budi Eka Buana Warga negara Indonesia, berusia 49 tahun. Meraih gelar Sarjana di bidang Sosial dan Politik dari Universitas Padjadjaran tahun 1992 serta gelar Master di bidang Manajemen SDM dari STIE Perbanas Jakarta tahun 2007. Budi Eka Buana Indonesian citizen, 49 yeras old, Born in Bandung, graduated with a Bachelor degree in Social and Politics from Padjadjaran University in 1992 and Master degree in Human Resource Management from STIE Perbanas Jakarta in 2007. Memulai karir di PT Yason Persada, Jakarta tahun 1992. Beliau bergabung dengan BNI Life sejak tahun 2006 dan pernah menduduki sejumlah jabatan antara lain di PT. Bank LTCB Central Asia jabatan HRD Senior Officer tahun 1997, di PT. Bank Multicolor (A Subsidiaries Bank of Royal Bank of Scotland) jabatan Manager HRD & General Affairs tahun 2000, dan di Makes & Partners Law Firm jabatan HR & Office Manager tahun 2004 sebelum diangkat sebagai Kepala Divisi Human Capital & Employee Training pada 2009 dan sekarang menjabat sebagai Chief Resources Management Officer. Started his career at PT Yason Persada, Jakarta in 1992. He joined BNI Life since 2006 and has held several positions, among others, at PT. Bank LTCB Central Asia as HRD Senior Officer position in 1997, at PT. Bank Multicolor (a subsidiary Bank of Royal Bank of Scotland) as HRD & General Affairs Manager in 2000, and at Makes & Partners Law Firm as HR & Office Manager in 2004, before being appointed as Head of Human Capital & Employee Training Division in 2009 and now as Chief Resources Management Officer. Annual Report 2017 | PT BNI Life Insurance 109
  110. Sumber Daya Manusia Human Resources Sumber Daya Manusia ROADMAP PENGELOLAAN DAN PENGEMBANGAN SDM HR MANAGEMENT AND DEVELOPMENT ROADMAP BNI Life telah menyusun roadmap pengelolaan dan pengembangan Human Capital sebagai acuan program kerja yang dijalankan oleh Divisi Human Capital & Employee Training. BNI Life has developed Human Capital management and development roadmap as a reference for work program run by Human Capital & Employee Training Division. Adapun roadmap tersebut adalah sebagai berikut: As for the roadmap is as follows: HCT INTEGRATED ROAD MAP FRAMEWORK Retaining 110 Organization Development Strategy, Job Management Strategy, Human Capital Integrated System Manpower Planning Strategy, HC Analysis & Improvement Strategy Planning • Talent Management Strategy, Succession Plan, • Retention Program, • Termination Analysis • Compensation & Benefit Strategy, Industrial Relation Strategy • Career Development, • Engagement Program • • • • • Maintaining Acquiring Developing • Recruitment, • Selection & Placement Strategy • Learning & Development Strategy • Competency Development Strategy FOKUS PENGELOLAAN DAN PENGEMBANGAN SDM 2017 MANAGEMENT FOCUS AND HR DEVELOPMENT in 2017 Sejalan dengan Roadmap Human Capital, tahun 2017 fokus pengelolaan dan pengembangan SDM BNI Life adalah sebagai berikut: In line with Human Capital Roadmap, the focus of management and human resources development of BNI Life in 2017 is as follows: PT BNI Life Insurance | Laporan Tahunan 2017
  111. Sumber Daya Manusia Human Resources Planning Acquiring People and Performance Management Comben and Operation Employee Training • Organization Development Strategy : Review Organization Structure Based on Principle Framework for Job Design, Layer and Span) • Job Management Strategy : Review and Rewrite Job Analysis, Job Description & Job Evaliation • HC System : Analysis New Human Capital Integrated System • Manpower Planning Strategy • HC Analysis & Improvement Strategy : review BPP/SOP Human Resources Human Capital & Employee Training Strategy 2017 • Recruitment with corporate branding • BNI Life Campus Hiring • Selection & Placement Strategy, do Eveluation • • • • • Talent Assesment Review & Develop Performance Appraisal Based on KPI Develop Employee Development System (Coaching, Job & Project Assignment) Review & Develop Retainment & Engagement Program Initial Assessment workload analysis • Salary Structure & Benefit Survey • Compensation & Benefit Management • • • • • Impolementation Training Program Implementation Training System Monitoring & Evaluasi ET BPP & SOP Blended Learning Method (Lecturing,, Learning Technology, Active Learning) MANAJEMEN SUMBER DAYA MANUSIA HUMAN RESOURCE MANAGEMENT BNI Life menerapkan manajemen SDM yang komprehensif dan menjangkau seluruh proses pengelolaan dan pengembangan SDM, mulai dari perencanaan kebutuhan pegawai hingga pensiun. Hal ini dimaksudkan untuk mendukung pencapaian tujuan Perseroan baik jangka pendek, menengah maupun jangka panjang. BNI Life percaya, penerapan manajemen SDM yang komprehensif merupakan faktor yang sangat menentukan dalam pencapain tujuan Perseroan. BNI Life implements comprehensive HR management and reaches the entire HR management and development process, from man power planning to retirement. This is intended to support the achievement of the Company's objectives in the short, medium and long term. BNI Life believes that the implementation of comprehensive HR management is a crucial factor in achieving the Company’s objectives. Manpower Planing Manpower Planing Manpower planning merupakan proses perencanaan kebutuhan SDM dalam jangka panjang, menengah, dan pendek terkait visi, misi dan rencana Perseroan. Proses penyusunan manpower planning mengarah pada konsep kebijakan strategis Perseroan yang dikaitkan dengan kebutuhan operasional dan bisnis setiap tahun. Manpower planning is a process of planning human resource needs in long, medium and short term related to the Company’s vision, mission, and plan. The manpower planning process leads to the Company’s strategic policy concept that is linked to annual operational and business needs. Manpower Planning (MPP) yang telah disetujui oleh Management. Setiap divisi akan mengajukan permintaan kebutuhan pegawai yang akan dianalisa berdasarkan kebutuhan (urgency), produktivitas, efisiensi, dan beban kerja yang dianalisa berdasarkan: Manpower Planning (MPP) approved by Management. Each division will submit requests for personnel needs that will be analyzed based on urgency, productivity, efficiency and workload, which is analyzed based on: 1. 1. Expansion of the organization seperti perluasan/pengembangan struktur organisasi atau Divisi dan pembukaan kantor pemasaran baru. • Penempatan posisi Pegawai pada struktur organisasi di Divisi yang mengajukan harus memperhatikan fungsi yang Expansion of the organization such as expansion/development of organizational structure or Division and opening of new marketing office. • Placement of Employee’s position on the organizational structure in the proposing Division should pay attention to the Annual Report 2017 | PT BNI Life Insurance 111
  112. Sumber Daya Manusia Human Resources Sumber Daya Manusia 2 . 3. 4. ada pada Struktur Organisasi tersebut, jika terdapat fungsi baru maka diperlukan persetujuan BOD dengan mengajukan memo struktur organisasi Divisi yang ditandatangani Head Divisi terkait dan Head HCT. • Permintaan pegawai harus disertai dengan hasil analisa dan evaluasi pekerjaan berdasarkan uraian pekerjaan/jobs description dari posisi yang diminta sebagai dasar dalam penetapan kualifikasi pegawai yang akan mengisi jabatan Kebutuhan yang bersifat sangat mendesak Adanya perkembangan bisnis atau arahan dari Manajemen Pertambahan beban kerja (work load), kapasitas atau volume yang dialami oleh suatu Divisi. Untuk faktor beban kerja sesuai dengan fungsi atau posisi yang ditempati. 2. 3. 4. functions that exist in the Organizational Structure, if there is a new function required BOD approval by filing a memo of organization structure of Division that is signed by Head of related Division and HCT Head. • Employee request must be accompanied with result of job analysis and evaluation based on job description of the position requested as basis in determining the qualification of employee who will fill the position Needs that are very urgent Business development or direction from Management The increase in workload, capacity or volume experienced by a Division. For work load factor according to function or occupied position. Rekrutmen Recruitment Untuk menunjang rencana pengembangan perusahaan, Perseroan membutuhkan pegawai yang memiliki kemampuan dan karakteristik sesuai dengan spesifikasi pekerjaannya. Selain melalui program pengembangan pegawai, hal tersebut juga dapat dicapai dengan melaksanakan Rekrutmen dan Seleksi Pegawai. To support the company’s development plan, the Company requires employees who have the ability and characteristics in accordance with their work specifications. In addition through employee development program, it can also be achieved by implementing Recruitment and Employee Selection. Rekrutmen dan Seleksi Pegawai merupakan salah satu tahap penting dalam manajemen SDM di mana para calon pegawai, yang merupakan output dari proses tersebut akan mewarnai kehidupan organisasi tidak hanya untuk 1-2 tahun ke depan, melainkan untuk jangka panjang. Recruitment and Employee Selection is an important stage in HR management where prospective employees as the output of this process will color the organization’s life for not only the next 1-2 years, but for the long term. Rekrutmen pegawai bisa bersumber pada 2 (dua) jalur yaitu internal dan eksternal. Rekrutmen internal seperti adanya promosi jabatan atau rencana suksesi, sedangkan rekrutmen eksternal seperti rekomendasi pegawai, lembaga pendidikan, head hunter, pelamar, dan iklan. Proses rekrutmen dilakukan dengan tahapan sebagai berikut: Employee recruitment may come from 2 (two) different source, namely internal and external. Internal recruitment is job promotion or succession plan, while external recruitment may come from employee recommendation, educational institution, head hunter, applicants and advertisements. Recruitment process is conducted through stages as follows: Seleksi administrasi Administration selection Tes Pengetahuan Umum General knowledge test Tes Psikologi Psychological test Proses referensi silang Cross reference Tes wawancara pengguna (user) Tes Kesehatan Medical Check Up User interview 112 Tahun 2017, BNI Life merekrut 383 pegawai, di mana 121 pegawai baru, 249 pegawai pengganti dan 13 pegawai outsourcing yang diangkat. In 2017, BNI Life recruited 383 employees, consisting of 121 new employees, 249 substitute employees and 13 outsourced employees who were promoted to be permanent employee. Penilaian Kinerja Performance Appraisal Penilaian kinerja terhadap setiap pegawai dibutuhkan untuk mengevaluasi dan meminimalisasi hambatan yang ada selama proses bekerja. Performance appraisal of each employee is needed to evaluate and minimize the barriers that exist during the work process. BNI Life telah memiliki aturan tertulis terkait penilaian kinerja pegawai yang tertuang dalam Buku Pedoman Perusahaan Performance Management. BNI Life has written rules regarding employee performance appraisal as stated in the Company Performance Management Manual. Proses penyusunan KPI corporate dilakukan berdasarkan target yang diberikan dari Induk Perusahaan BNI Life dan diturunkan menjadi KPI Direksi. Berikutnya KPI direksi diturunkan menjadi KPI Divisi yang disusun berdasarkan Business Plan tahun 2017. KPI Division Head harus memperoleh persetujuan dari Direktur Sektor terlebih dahulu. The process of drafting the corporate KPI is based on the target given from the Parent Company of BNI Life and downgraded to KPI of the Board of Directors. Then, KPI of directors are downgraded to KPI of Divisions that are compiled based on 2017 Business Plan. KPI Division Head must obtain approval from Sector Director first. PT BNI Life Insurance | Laporan Tahunan 2017
  113. Sumber Daya Manusia Human Resources There are 5 (five) assessment objectives in 2017 KPI, namely Financial, Focus of Customer, Product Effectiveness & Process, Develop Other, Leadership. In each objective there are KPI items that have been determined collegially by the Company, i.e. Profit tem for all divisions, GWP item (some divisions), CIR/Cost to Income Ratio Company (whole division), Persistency (some divisions), % of team training, % of sharing knowledge, compliance & audit report. Berikutnya KPI individu merupakan turunan dari KPI divisi yang sudah disetujui dan disesuaikan dengan output pekerjaan masing-masing individu. Afterward, individual KPIs are derivatives of KPI of divisions that have been approved and adapted to the work output of each individual. Metode yang digunakan untuk penyusunan KPI adalah metode Balance Score Card (BSC). Metode BSC sendiri menggunakan data output pekerjaan kaitannya dengan beban serta dampak output tersebut. Output merupakan item dari KPI, beban dan dampak Output merupakan aspek yang digunakan untuk penentuan bobot. Pengukuran pencapaian Output tersebut dilakukan dengan penentuan/pengisian Output yang telah ditentukan sebelumnya. Penentuan tiap indikator dalam KPI harus berdasarkan persetujuan antara individu dan Output masing-masing dan Output dengan KPI Divisi masing-masing. The method used for the preparation of KPI is the Balance Score Card (BSC) method. The BSC method itself uses work output data in relation to load and impact of that output. Output is an item of KPI, load and impact are aspects used for weight determination. Measurement of the output achievement is done by determining/filling predetermined rating. The determination of each indicator in the KPI should be based on the agreement between individual and his/her leader, and inline with KPI of division respectively. Manajemen Karir Career Management Sejalan dengan sistem pengembangan manajemen SDM yang dijalankan, Perseroan juga telah menyiapkan sistem manajemen karir yang lebih komprehensif. Manajemen karir ditujukan untuk memberi peluang kepada pegawai dalam mengembangkan dirinya selaras dengan kebutuhan posisi dalam perusahaan dan dapat memberikan arah pergerakan karir pegawai sesuai potensinya, hal ini akan sangat membantu pegawai dalam menentukan arah karirnya serta membantu perusahaan dalam melaksanakan proses pengembangan karir secara konsisten, dan pada gilirannya akan memberikan manfaat signifikan bagi perusahaan. Bagi pegawai, karir merupakan indikator proses pengembangan diri, dan bagi perusahaan menggambarkan posisiposisi yang diperlukan dalam rangka pencapaian tujuan perusahaan. In line with the HR management development system, the Company has also set up a more comprehensive career management system. Career management is aimed at giving opportunities to employees in developing themselves in harmony with the needs of position in the company and can provide direction for employee career path according to their potential, this will greatly assist employees in determining the direction of his career and assist the company in carrying out the process of career development consistently, that will in turn provide significant benefits for the company. For employees, career is an indicator of self-development process, and for the company describes the positions required in order to achieve company goals. Menajemen karir di BNI Life dilakukan dengan cara sebagai berikut: 1. Pengembangan Karir Pegawai harus memperhatikan prinsip ”orang yang tepat pada tempat yang tepat” dan Pegawai mau dan mampu bekerja sesuai kompetensi dan tuntutan Perusahaan. 2. Setiap Pegawai mempunyai kesempatan yang sama dalam mencapai Pengembangan Karirnya. 3. Setiap unit organisasi wajib menyiapkan dan menyusun Job Profile, baik Jabatan Struktural maupun Jabatan Fungsional yang akan menjadi sarana formasi atau peluang pekerjaan/jabatan untuk Pegawai yang mengalami peningkatan Karir dan layak menggantikan formasi yang kosong. 4. Dengan menggunakan sarana performance appraisal, atasan harus memonitor dan mencatat hasil kerja, kinerja dan peningkatan kualifikasi kompetensi pada stafnya, dan menilai staf yang layak diajukan untuk promosi, rotasi, mutasi atau demosi. 5. Setiap divisi wajib mempersiapkan anggaran untuk kepentingan pelatihan bagi Pegawai yang memerlukan sesuai dengan pekerjaannya. 6. Setiap Pegawai telah diidentifikasi mengenai bakat, minat, kemampuan dan atau kompetensinya melalui proses Employee Skill Mapping. Career management in BNI Life is carried out in the following way: 1. Employee’s Career Development should pay attention to the principle of "the right person in the right place" and Employee’s willingness and ability to work in accordance with the required competencies and demands of the Company. 2. Every employee has equal opportunity in achieving career development. 3. Each organizational unit shall prepare and arrange the Job Profile, either for Structural Position or Functional Position, which will be a means of formation or job/position opportunity for an employee who has improved in his/her areer and is worthy of replacing an empty formation. 4. By applying performance appraisal, the supervisor should monitor and record the work results, performance and improvements of his/ her subordinate’s competency qualifications, and provide judgment regarding the appropriate staff for promotion, rotation, transfer or demotion. 5. Each division shall prepare the training budget for Employee in needs according to their works. 6. Every employee has been identified about his/her talents, interests, abilities and or competencies through the Employee Skill Mapping process. Annual Report 2017 | PT BNI Life Insurance Human Resources Terdapat 5 (lima) objektif penilaian dalam KPI 2017, yaitu Financial, Focus of Customer, Product Effectiveness & Process, Develop Other, Leadership. Dalam tiap objektif terdapat Item KPI yang sudah ditentukan secara kolegial Perusahaan, yaitu Item Profit untuk seluruh divisi, item GWP (sebagian divisi), CIR/Cost to Income Ratio Company (seluruh divisi), Persistency (sebagian divisi), % of team training, % of sharing knowledge, compliance & audit report. 113
  114. Sumber Daya Manusia Human Resources Sumber Daya Manusia 7 . 8. 9. Setiap Pegawai berhak mendapatkan penjelasan mengenai jalur karir bagi pekerjaan yang menjadi tugas dan tanggung jawabnya. Perencanaan Jenjang Karir dilakukan dua arah antara Divisi terkait dengan unit HCT sebagai fasilitator. Pegawai yang dimaksud dalam ketentuan jenjang karir ini adalah Pegawai Tetap. 7. Every employee shall be entitled to an explanation regarding the career path for his/her tasks and responsibilities. 8. Career Path Planning is done both ways between the related Divisions with the HCT unit as facilitator. 9. The employee referred to in this career path is Permanent Employee. Tabel Jenjang Jabatan dan Kepangkatan Table of Position Rank and Level Jabatan Position 114 Jenjang Kepangkatan Rank Level Chief Senior Executive Vice President Kepala Divisi/Ketua Head of Division/Leader Senior Vice President Manager Senior Manager Assistant Manager Senior Assistant Manager Staff Senior Assistant Ketentuan Promosi Promosi diberikan kepada Pegawai bertujuan meningkatkan motivasi kerja dan peningkatan Karir. Promosi dapat dilaksanakan dengan ketentuan sebagai berikut: 1. Adanya formasi yang ditunjukkan oleh adanya peluang pekerjaan yang kosong dalam Job Profile organisasi tersebut. 2. Karyawan harus mempunyai hasil penilaian kerja 1 tahun terakhir minimal baik (minimal kategori Good performance). 3. Memiliki catatan kenaikan kualifikasi sesuai dengan Job Assignment dengan tingkat pekerjaan yang lebih tinggi, dan dimonitor serta ditandatangani oleh atasannya. 4. Memenuhi anggaran Perusahaan. 5. Promosi dilakukan satu kali dalam setahun setelah penilaian kerja tahunan dan/dapat dilakukan lebih dari satu kali dengan catatan: • Adanya pengembangan struktur organisasi • Adanya posisi yang kosong dikarenakan Pegawai mengundurkan diri. Terms of Promotion Promotion is given to Employees with the purpose to improve work motivation and career improvement. Promotion can be carried out under the following conditions: 1. The existence of formation, shown by vacant job opportunities in the organization's Job Profile. 2. Employee must have satisfactory performance appraisal in the last year (minimum category Good performance). 3. Have a record of qualification increase in accordance with Job Assignment with a higher level of work, and monitored and signed by his/her subordinate. 4. Meet Company budget. 5. Promotion is conducted once a year after the annual performance appraisal/or can be done more than once with the following note: • The expansion of organizational structure • There is an empty position because of resignation of en employee. Ketentuan Rotasi atau Mutasi 1. Tidak mengakibatkan kenaikan grade/level atau jenjang kepangkatan 2. Bukan merupakan hukuman atas suatu kesalahan yang dilakukan oleh Pegawai. 3. Rotasi atau mutasi dilakukan dalam rangka kebutuhan pengembangan kinerja atau pemenuhan kebutuhan divisi. Terms of Rotation or Mutation 1. Does not result in an increase in grade/level or rank Ketentuan Demosi 1. Pelaksanaan Demosi Pegawai dilakukan dengan menurunkan jenjang kepangkatan satu tingkat (atau sesuai Keputusan Direksi) dari jenjang kepangkatan yang sedang disandang dan tidak mempunyai batasan waktu. 2. Demosi dapat diakibatkan karena Pegawai melakukan kesalahan klasifikasi III sebagaimana tercantum dalam Peraturan Perusahaan. Terms of Demotion 1. Employee Demotion is carried out by lowering one rank level (or according to the Board of Directors Decision) from current rank level, without a time limit. PT BNI Life Insurance | Laporan Tahunan 2017 2. Not a punishment for a mistake made by Employee. 3. Rotation or mutation is done due to the need for performance development or fulfillment of the division needs. 2. Demotion can be caused because Employee has done mistakes of 3rd classification as stated in Company Regulation.
  115. Sumber Daya Manusia Human Resources in 2017 focused on structured and right-on-target training with a focus on development and training to improve employee ’s competencies, which led to more effective use of budget: PROMOSI PROMOTION DEMOSI DEMOTION ROTASI ROTATION MUTASI MUTATION 66 0 85 20 Pensiun Pension Perseroan senantiasa memperhatikan kesejahteraan karyawannya selama mengabdi maupun yang telah purna bakti. Aturan pensiun yang ditetapkan Perseroan adalah mengacu pada Undang-undang No. 13 tahun 2003 tentang Ketenagakerjaan. The Company always cares for the welfare of its employees during their service as well as when they have retired. The pension rules stipulated by the Company are based on Law No. 13 of 2003 on Employment. Tahun 2017, tidak ada pegawai Perseroan yang memasuki masa pensiun. In 2017, there were no employee of the Company enters retirement. Administrasi Kepegawaian dan Kompensasi Personnel Administration and Compensation Divisi Human Capital & Employee Training bertanggung jawab untuk melakukan proses administrasi kepegawaian dan mengembangkan struktur gaji yang baik dengan sistem kompensasi yang seimbang antara pembayaran dan manfaat yang diberikan kepada pegawai. Human Capital & Employee Training Division is responsible for carrying out the personnel administration process and developing a good pay structure with a balanced compensation system between payments and benefits provided to employees. Divisi Human Capital & Employee Training melaksanakan dan mengawasi sistem pencatatan data personalia yang berkaitan dengan proses payroll, seperti: 1. Pembayaran gaji dan tunjangan serta Pinjaman Pegawai. 2. Perhitungan Pajak Penghasilan (PPh) pegawai, SPT Tahunan. 3. Pemotongan dan pembayaran premi Jamsostek, Premi Asuransi dan Pensiun. 4. Pembayaran Premi Asuransi Kesehatan Pegawai. 5. Pemotongan Premi Asuransi/BPJS Ketenagakerjaan/Pensiun/ BPJS Kesehatan yang dibebankan kepada pegawai maupun yang menjadi beban Perusahaan. Human Capital & Employee Training Division conducts and oversees the personnel data recording system related to the payroll process, such as: PENGEMBANGAN SDM HR DEVELOPMENT BNI Life menyadari bahwa pengembangan SDM dapat memberikan hasil sesuai dengan tujuan dan sasaran Perseroan melalui standar kinerja yang telah ditetapkan. Guna terwujudnya SDM yang handal dan unggul sesuai dengan kompetensi yang dibutuhkan Perseroan, adanya berbagai pelatihan baik secara internal dan eksternal yang diselenggarakan merupakan kewajiban pegawai. BNI Life is aware that HR development can deliver results in accordance with the Company's goals and objectives through established performance standards. In order to realize reliable and superior HR with competencies as required by the Company, various internal and external trainings held is employee’s obligation. Kebijakan dan Komitmen Pengembangan SDM Human Resource Development Policy and Commitment BNI Life memiliki komitmen yang besar terhadap pengembangan pegawai. Hal tersebut dilandasi oleh kesadaran BNI Life akan arti penting SDM terhadap pencapaian kinerja perusahaan. Perseroan meyakini, dengan memliki SDM yang berkualitas, maka perwujudan visi dan misi perusahaan akan lebih mudah dilakukan. BNI Life is highly committed for its employee development, based on BNI Life’s awareness of the importance of HR in the achievement of company performance. The Company believes, by having qualified HR, the embodiment of the company’s vision and mission will be easier. Salah satu bentuk komitmen BNI Life terhadap peningkatan kualitas sumber daya manusianya adalah dengan menyediakan fasilitas training center yang berlokasi di Gedung BNI Life, Jl. K.S Tubun, Jakarta. Fasilitas yang ada antara lain: Ruang Training, Lab. Komputer dan ruang multifungsi. Dalam waktu dekat juga akan ada penambahan ruang training untuk lebih mengakomodir dalam mengimplentasikan training program-training program yang ada. One form of BNI Life's commitment to improving the quality of its human resources is by providing training center facility located in BNI Life Building, Jl. K.S Tubun, Jakarta. The facilities include: Training Room, Computer Lab and multifunctional room. In the near future, there will also be additional training room to be more accommodating to execute the training programs. 1. 2. 3. 4. 5. Human Resources Tahun 2017, Perseroan telah menetapkan sejumlah pegawai yang mengalami promosi, rotasi dan mutasi, dengan rincian sebagai berikut : Payment of salaries and benefits as well as Employee Loans. Calculation of Income Tax (PPh) of employees, Annual Tax Return. Withholding and payment of Jamsostek premium, Insurance Premium and Pension. Employee Health Insurance Premium Payment. Cutting the Insurance/BPJS Employment/Pension/BPJS Health Premium that are charged to employees and the Company. Annual Report 2017 | PT BNI Life Insurance 115
  116. Sumber Daya Manusia Human Resources Sumber Daya Manusia Sebagai wujud nyata kepedulian manajemen dalam meningkatkan dan mengembangkan kompetensi karyawan maupun pengurus perusahaan dalam bentuk pelatihan , sesuai dengan peraturan perundangan yang berlaku, Perusahaan menganggarkan dana untuk pelatihan sekurangkurangnya 5% dari jumlah biaya pegawai, Direksi dan Komisaris, untuk meningkatkan keterampilan, pengetahuan, dan keahlian di bidang usaha perasuransian bagi pegawai. As a concrete manifestation of the management’s concern in improving and developing the competence of employees and managers of the company in the form of training, in accordance with applicable laws, the Company’s training budget is set at at least 5% of the total cost of employees, Directors and Commissioners, to increase skills, knowledge, and expertise in the field of insurance business for employees. Roadmap Training Pegawai Employee Training Roadmap Dalam mempersiapkan SDM yang handal dan unggul untuk mendukung kesuksesan perusahaan, maka Human Capital & Employee Training telah mengembangkan Roadmap Training Pegawai. In preparing a reliable and superior HR to support the success of the company, Human Capital & Employee Training has developed Employee Training Roadmap. Assistant Manager Training Manager Training Head Division Training Staff Training 116 Roadmap Training Pegawai bertujuan untuk: • Mendukung Talent Development • Meningkatkan Produktivitas Pegawai • Mensukseskan Rencana & Target Perusahaan • Mengingkatkan Employee Engagement • Pengembangan Karir Pegawai Employee Training Roadmap aims to: • Support Talent Development • Increase Employee Productivity • Support the success of Corporate Plans & Goals • Improve Employee Engagement • Employee Career Development Sejalan dengan roadmap tersebut, BNI Life juga telah menetapkan strategi dalam menjalankan program pendidikan dan pelatihan, yaitu: In line with the roadmap, BNI Life has also set a strategy in running education and training programs, namely: PT BNI Life Insurance | Laporan Tahunan 2017
  117. Sumber Daya Manusia Human Resources Human Resources Employee Training Strategy 2017 Continous improvement Competency Company Mission & Vission Company Target E.T Strategy Monitoring & Evaluation Training Result Performance STRATEGY • Curriculum Employee Training 2017 implementation • Monitoring, Evaluation an continuous improvement To support company target through competency based training and development of employees with monitoring, evaluation and continuous improvement. Jenis Pelatihan Type of Training Sesuai dengan Roadmap Training Pegawai, tahun 2017 telah disusun Program Employee Training yang dibuat berdasarkan Job Level, Core Competency dan Job Family dengan berbagai pelatihan yang terdiri dari soft skill maupun hard skill training dengan metode Pelatihan yang dapat ditempuh melalui metode Inhouse Training, Public Training dan eLearning. In accordance with Employee Training Roadmap, Employee Training Program based on Job Level, Core Competency and Job Family has been prepared for 2017, with various trainings consisting of soft skill and hard skill training with Inhouse Training, Public Training and eLearning training method. Sedangkan untuk Inhouse Training Pegawai dibedakan atas 3 tipe Training yaitu: a. Mandatory Training: Program Pelatihan wajib bagi Pegawai yang bertujuan untuk meningkatkan core competency pegawai. b. Elective Training: Program Pelatihan yang dapat dipilih oleh Pegawai, bertujuan untuk meningkatkan kemampuan (skill) dari pegawai sesuai kebutuhan masing-masing. c. Add On Training: Program Pelatihan berdasarkan permintaan training berdasarkan kebutuhan spesifik dari Divisi tertentu. While for Employee Inhouse Training are divided into 3 Type of Training that is: a. Mandatory Training: Compulsory Training Program for Employee that aims to improve their core competency. b. Elective Training: Training Program that can be selected by Employee, aiming to improve employee’s skills according to their individual needs. c. Add On Training: Training Programs by requests based on specific needs of a particular Division. Pelatihan yang Diberikan Training Provided Sepanjang 2017 terdapat 91 Inhouse Training (1.713 Peserta) 136 Public Training (246 Peserta) dan 1 eLearning Training (754 Peserta) yang telah diselenggarakan. Sepanjang 2017, sebanyak 95% dari 854 Pegawai BNI Life pernah mengikuti kegiatan Employee Training. Throughout 2017, there were 91 Inhouse Trainings (1,713 Participants), 136 Public Trainings (246 Participants) and 1 eLearning Training (754 Participants) that have been held. During that year, as many as 95% of 854 BNI Life’s employees have attended Employee Training activities. Annual Report 2017 | PT BNI Life Insurance 117
  118. Sumber Daya Manusia Human Resources Sumber Daya Manusia Pelatihan Karyawan Employee Training 95 % 5% Pernah Training Participated in Training Belum Training Did not Participate in Training Pada tahun 2017, masih terdapat sekitar 5% pegawai yang belum mengikuti program pelatihan dan pendidikan, yaitu pegawai baru BNI Life yang baru bergabung di 2017 dan/pegawai yang ditempatkan di daerah. Jumlah Pelatihan per Bulan In 2017, there are still about 5% of employees who have not attended training and education programs, i.e. new employees who joined in 2017 and/local employees. Number of Training per Month 118 No er mb be to O r be m ve se r be o ct 14 r be m ce De De 23 r 24 No ve p Se r be m te Ok mb er t us g Au 31 Se pt e s tu ly Ju 20 us li ni ne Ju 23 Ju M 2 Ju ay ei ril 10 Ag M ril Ap Ap ch ar 24 M 12 ar et M ri ua PT BNI Life Insurance | Laporan Tahunan 2017 F ry ua r eb br ry ua n Ja 28 Fe Ja nu ar y 34 mb er Number of Public Training /Month
  119. Sumber Daya Manusia Human Resources Human Resources Jumlah Peserta Pelatihan per Bulan Number of Training Participants per Month Number of Public Training /Month Berikut adalah beberapa pelatihan yang telah dilakukan sepanjang 2017 No kategori Category Nama Training Name of Training er mb se r be m ve No 14 r be m ce De De er mb ve be to O r be o ct 23 No p Se r r m te Ok r 24 be be em pt t us g Au 31 Se s ly Ju us Ju 20 tu li ni ne 23 Ju M 2 Ju ay ei ril 10 M ar M ril Ap Ap et ch ar 24 Ag F 12 M ua ry ua r eb br y ar nu Ja Fe ry ua n Ja 28 ri 34 The following are trainings that have been held throughout 2017 lokasi Location Tanggal Date Jml Peserta Total Participant Facilitator 1 Public ILP.Tallcinc Enclish 3 I ILP KS Tubun 12 Januari 2017 3 ILP 2 Public ILP.GE ·Basic 1 I ILP KS Tubun 12 Januari 2017 3 ILP 3 Public ILP.GE ·Basic 2 ILP KS Tubun 12 Januari 2017 1 ILP 4 Public ILP.GE ·Basic 3 ILP KS Tubun 12 Januari 2017 2 ILP Training Center KS Tubun 13- 14 Januari 2017 8 Employeee Training 5 Inhouse Presentation Skill (Speak with Power} 6 Public ILP.Talking English ILP KS Tubun 16 Januari 2017 4 ILP 7 Public llP.GE- FoundatiOn LP KS Tubun 16 Januari 2017 2 ILP 8 Public ILP.Tallcinc Enclish 2 LP KS Tubun 17 Januari 2017 4 ILP 9 Public Asian Investor Outlook Investment Strategies for The Trump Era Singapura 18 Januari 2017 1 Financial Times Live 10 Public Sertifikasi Keahlian Asurani Syariah Tingkat Dasar Ged.Permata Kuningan 18-20 Januari 4 lIS/AASI 11 Inhouse Legal Training Training Center KS Tubun 23 Januari 2017 25 Pro legal 12 Public Innovation in ASEAN lnsurance 2017 JW Marriott Hotel Jakarta 24-25 Januari 2017 1 Marketforce 13 Public The 3rd HR Syariah Summit Hotel Menara Peninsula Jakarta 25-26 Januari 2017 1 Inti Pesan 14 Public Workshop Fraud Klaim Asuransi Kesehatan Gedung Permata Kuningan 26 Januari 2017 4 Karsa Multi Talenta 15 Inhouse EB Special Forces Batch 1- PSAK Landmark Center 27 Januari 2017 40 Internal BNI Life 16 Public Penerapan Manajemen Risiko pada lndustri Asuransi Intercontinental Jakarta Mid Plaza 30-31Januari 2017 1 Risk Management Guard 17 Public Motion Grafik Level 1& 2 HelloMotion Academy Januari-Maret 2017 1 HelloMotion 18 Public CertifiedHuman Resource Profesional (CHRP) Atmajaya Januari-Maret 2017 1 Atma Jaya 1 Benus Executive Development 19 Public CFA Level 1 Binus University Senayan 21 Januari-20 Mei 20 Public Certified Profesional Coach Procram XX VI II Grand Mahakan, Jak · Sel 3-5 Februari 2017 2 Coaching Indonesia 21 Public Conduct TNA & Design Training Jakarta 1·8 Februari2017 4 GML/Lutan/KnowCap 22 Public Financial Underwriting Tugure Building Lt.4 9 Februari 2017 3 Perkumpulan Underwriter Jiwa Indinesia (Peruji) Annual Report 2017 | PT BNI Life Insurance 119
  120. Sumber Daya Manusia Human Resources Sumber Daya Manusia No 23 Nama Training Name of Training lokasi Location Tanggal Date Jml Peserta Total Participant Facilitator Public Behavioral Event Interview Jakarta 9-10 Februari 2017 2 Vahle Consult 24 Public Metodologi Teknik Investasi & Pengungkapan Kasus-kasus Fraud Yogyakarta 16-17 Februari 2017 1 LPFA 2S Inhouse The Secret Of Sltde Presentation Training Center KS Tubun 17 Februari 2017 19 Internal BNI Life 26 Public System Analytis and Design: Software Processes, UML and Design Pattern Intiland Tower, Jakarta 20-22 Februari 2017 1 PT Andalan Teknologi Inovasi 27 Public SQL Server 2014 Performance tuning & Optimalization Executrain 20-24 Februari 2017 1 Executrain 28 Public Audit Intern Tingkat Manajerial Jakarta 20 Februari-1 Maret 2017 1 YPIA 29 Public 17th Asia CEO Insurance Summit Singapura 21-22 Februari 2017 1 Asia Insurance Review 30 Public Basic Insurance Course · Batch 2 Gd. Menara Kuningan 21-24 Februari 2017 3 STIMRA - LPAI 31 Public Designing Standard Operating Procedures (SOP) PPM Manajemen 22-23 Februari 2017 2 PPM Manajemen 32 Public Sertifikasi Keahlian Asuransi Syariah Tingkat Dasar 22-24 Februari 2017 3 IIS /AASI 33 Public 2nd Asia Conference on Big Data and Analytics Singapura for Insurance 23-24 Februari 2017 1 Asia lnsurnce Review 34 Public Certificate Exam of ERMAP·ERMCP Trans luxury Hotel, Bandung 24 Februari 2017 l CRMS Indonesia PPM Manajemen 28 Februari-1 Maret 2017 1 PPM Manajemen 5 Employee Training 35 Public Efective leadership Ged. Permata Kuningan 36 Inhouse ICCA Preparation Training Center KS Tubun Maret-Agustus 2017 37 Inhouse GA Training - Excel Dashboard Training Center KS Tubun 1Maret & 8 April 2017 17 Eksternal - Pratama 38 Inhouse Strategic Employee Engagement (Head Of Division) Hotel Mandarin 3 - 4 Maret 2017 24 Blessing White-Ali Damanik 39 Public Audit Intern Tingkat Dasar ll (QIA) YPIA 6-17 Maret 2017 1 YPIA 40 Inhouse Employee Engagement For leaders Hotel Santika 7-8 Maret 2017 145 Public Developing Effective Standart Operating Procedure (SOP) Jakarta 7-8 Maret 2017 1 41 Blessing White-Ali Damanik Golden Bridge Institute 42 Inhouse Sosialiasi Gratifikasi - KPK Landmark Center 8 Maret 2017 40 KPK 43 Public Sosialiasi Gratifikasi – KPK (BCMCP) Gd. Biru Lt. 4 Jakarta Selatan 13-17 Maret 2017 1 PT RAP Indonesia Employeee Training 44 Inhouse ICCA - Impactfull Presentation Skill Training Center KS Tubun 16 Maret 2017 3 45 Inhouse ICCA - Basic Slide Presentation Training Center KS Tubun 17 Maret 2017 1 Internal BNI Life 1 BinaInsan Pendidikan & Pelatihan LPFA 46 Public Fund Manager Dream Hotel 18 & 25 Maret, 1 & 8 April 2017 47 Public Pelatihan Fraud Auditing 1 Oria Hotel 21-24 Maret 2017 1 48 Public Manajemen Aset Hotel Ibis Style, Yogyakarta 22-24 Maret 2017 2 Vyntech Training Center 49 Public Managing Legal Risk Bandung 23-24 Maret 2017 1 CRMS Indonesia 50 Public Certified Profesional Coach Program Hotel Harper, Yogyakarta 24-26 Maret 2017 1 Coaching Indonesia 51 Inhouse Service Quality Awareness Training Center KS Tubun 25 Maret 2017 25 Employeee Training 52 Public System Analysis & Design with UML Menara Bidakara 27-31 Maret 2017 3 Brainmatics 53 Inhouse Microsoft excel Basic to Intermediate Training Center KS Tubun 30 - 31 Maret 2017 20 Eksternal - Andalan 1 PT Rajawali Konsulindo (IFMI-Int Financial Modelling Institute) 54 120 kategori Category Public Profesional Financial Modeller (PFM) PT BNI Life Insurance | Laporan Tahunan 2017 Jakarta 1 April - 6 Mei 2017
  121. Sumber Daya Manusia Human Resources kategori Category Nama Training Name of Training lokasi Location Tanggal Date Jml Peserta Total Participant Facilitator 55 Public Workshop Bedah Kasus Sengketa Klaim Gedung Permata Kuningan 4 April 2017 4 BMAI (Badan Mediasi & Arbitrase Asuransi Indonesia 56 Inhouse Follow Up & evaluation : Leader Role in Emp Engagement Training Landmark Center 7 & 18 April 2017 19 Blessing White - Ali Damanik 57 Public Optimalisasi Divisi/Unit/Fungsi Komponen Organisasi (Struktur, Sistem, Prosedur) dan Penyusunan Alat Ukur Bandung 11-13 April 2017 2 Risk Management Guard 58 Public Kinerja Manajemen risiko Perusahaan Asuransi. Ged. Office 88, Kota Kasablanca 12 April 2017 2 LN Amanah Indonesia 59 Public Implementing Data Models and Report with Microsoft SQL Permata Senayan 17-21 April 2017 1 PT. Inixindo Persada Rekaya Komputer 60 Public Computer Hacking Forensic Investigator (CHFI) Jakarta 17-21 April 2017 1 PT. Integrasindo MitraInfotama 61 Inhouse Finance For Non Finance Training Center KS Tubun 20 - 21 April 2017 15 M-Knows Consulting Bunaiya 62 Public 7th Indonesia Secretary Summit Puri Denpasar Hotel Kuningan 20-21 April 2017 2 Sekretaris Pro Public Workshop Penyusunan Pelaporan Keuangan Asuransi Syariah Shangri-La Hotel Jakarta 20-21 April 2017 1 OJK 63 64 Public Remuneration Management Korn Ferry Hay Froup 20-21 April 2017 1 Korn Ferry Hay Froup 65 Public 2nd Actuarial Summit Hotel Tentrem Yogyakarta 20-22 April 2017 6 PAI 66 Public Android Advance : User Interface Design Menara Bidakara 25-27 April 2017 2 Brainmatics Public Certified Assesor Training GML Assessment Centre, Graha GML Lt. 2, Jakarta 26-28 April 2017 1 GML /Lutan /KnowCap Inhouse Managing Profesional Growth : For AMGR & SAMGR Hotel Santika 2 - 3 Mei 2017 115 69 Public Underwriting Summit Transformation of Underwriting Bali 3-4 Mei 2017 2 Peruji 70 Public Pendidikan Khusus Profesi Advokat Menara Karya, Jakarta 6,7,13,14,20,21 Mei 2017 1 FHP Edulaw 71 Public Seminar Nasional Internal Audit Hotel JW Marriott Medan 8,9,10 Mei 2017 1 YPIA 67 68 Human Resources No Blessing White - Ali Damanik 72 Public ASP.NET MVC 5 Menara Bidakara 8-12 Mei 2017 2 Brainmatics 73 Public Audit Intern Tk Dasar 1 YPIA 8-19 Mei 2017 1 YPIA 74 Inhouse Training KPI Training Center KS Tubun 9 Mei 2017 26 Eksternal: Pungki Purnadi 75 Inhouse Training Procurement Training Center KS Tubun 10 Mei 2017 19 Eksternal: Bank BNI: PGV 76 Inhouse Training DPLK Landmark Center 10 Mei 2017 23 Internal BNI Life 77 Public Designing Business Intelligence Solutions with Microsoft SQL Server 2014 Permata Senayan 15-19 Mei 2017 1 PT. Inixindo Persada Rekaya Komputer 78 Public Designing Self-Service Business Intelligence and Big Data Solutions Intiland Tower, Jakarta 15-19 Mei 2017 1 PT. Andalan Teknologi Inovasi 79 Inhouse Refreshment (Basic Insurance & Product Knowledge) Landmark Center 18 Mei 2017 16 Employeee Training 80 Public COSO-2013: Implementing The Framework Gd. Binasentra, Komplek Bidakara 23-24 Mei 2017 1 IIA (Institute of Internal Auditors) 81 Public Audit Intern Tingkat lanjutan I YPIA 5 – 16 JUNI 2017 1 YPIA 82 Inhouse Induction Training Training Center Ks Tubun 5, 6 & 7 juni 2017 70 Employee Training 83 Inhouse Train the trainer Batch 1 All Season Thamrin 8-9 Juni 2017 20 External : Business Growth 84 Inhouse Training Excel – Advance Training Center Ks Tubun 8-9 Juni 2017 17 Eksternal - Andalan 85 Public Drafting SOP Program APU dan PPT Berbasis POJK No.12 /POJK 01/2017 Hotel Twin Plaza 14-15 Juni 2017 1 Johnson Indonesia 86 Inhouse Personal Branding & Grooming For Profesional (Recruitment) All Season Thamrin 17 Juni 2017 14 External : Mknows Consulting 87 Inhouse IT Security Awareness Training Elearning 3 Juli - 31 Agustus 0 Internal BNI Life Annual Report 2017 | PT BNI Life Insurance 121
  122. Sumber Daya Manusia Human Resources Sumber Daya Manusia No 88 89 Inhouse Public Nama Training Name of Training lokasi Location Tanggal Date Jml Peserta Total Participant Facilitator Retain Optima Saving (PCBC) Training Center KS Tubun 6, 10 - 12 July 2017 5 Internal BNI Life The SOA Asia Pacific Annual Symposium Ritz-Carlton, Kuala Lumpur Malaysia 6-7 Juli 2017 1 Society of Actuaries 90 Inhouse The Secret Of Slide Presentation Batch 2 Training Center KS Tubun 14 Juli 2017 17 Internal BNI Life 91 Public Audit Intern Tk Dasar 2 Hotel Amaris Pancoran 17-28 Juli 2017 1 YPIA 92 Inhouse OJT CCC kantor Layanan (WICS) Centennial 17-21 Juli 2017 6 Internal BNI Life 13 ILP 244 Internal BNI Life 93 Inhouse English Course Centennial (18,20,25) Juli 2017 94 Inhouse Emotional Intelligent Training Training Center KS Tubun 19 Juli 2017 95 Inhouse Training RPD Hotel Santika 24-26 Juli 2017 43 Internal & Eksternal (Margetty Herwin) 96 Public Manajemen Umum Dana Pensiun (MUDP) Menara Taspen 24-27 Juli 2017 7 Asosiasi Dana Pensiun Indonesia (ADPI) 97 Public Akuntansi Keuangan Pajak Berbasis PSAK IFRS Hotel the Groove Kuningan 26-27 Juli 2017 1 Lembaga Manajemen Formasi 98 Public 4th International Conference on Global Insurance Hotel Sheraton Yogyakarta 27-29 July 2017 2 AAMAI 99 Public Analisis Regresi, Analisis Runtun, Analisa Survival (A50. Metode Statistika) Jasindo 29 Juli – 21 Oktober 2017 2 Jasindo Insurance Academy 100 Public Perkuliahan Aktuaris - A60 - Pengantar Matematika Aktuaria Jasindo 31 Juli – 4 Agustus 7 2017 Jasindo Insurance Academy 101 Public Sertifikasi Ahli Pengadaan Barang & Jasa Pemerintah PPM 29 Juli – 21 Oktober 2017 1 PPM Management 102 Public Cetified Data Center Profesional Jakarta 31 Juli – 1 Agust 2017 1 Inixindo 103 Inhouse Training WICS (OJT) CCC Centennial 1 – 11 Agustus 2017 2 Internal BNI Life 104 Public Metodologi Teknik Investigasi dan Pengungkapan Kasus-Kasus Fraud Yogyakarta 3-4 Agustus 2017 1 Lembaga Pengembangan Fraud Auditing 105 Inhouse Training Operasional Support Bukit Pelangi 4-6 Agustus 2017 33 External : Andalan Public Risk Modelling in Financial Institution using web & mobile apps Kantor ISEI Pusat 7-8 Agustus 2017 1 ISEI 106 107 Public ISO 31000 Series 1 : ERM Fundamental Bandung 7-11 Agustus 2017 1 CRMS Indonesia 108 Public Job Evaluation DBS Tower 9-10 Agustus 2017 1 Korn Herry Hy Group 109 Public Hotel Aryaduta Jakarta 9-10 Agustus 2017 1 Mitra Kelola Insani 110 Public Sertifikasi Keahlian Asuransi Syariah Tingkat Dasar Menara 165 9-11 Agustus 2017 4 AASI 111 Public Mengukur dan Menentukan Risk Appetite, Risk Tolerance dan Risk Limit Sesuai karakteristik perusahaan Asuransi dan Perbankan Le Meridien Hotel 10-11 Agustus 2017 2 Riska Management Guard 112 Public Formalities - Expatriate Legal Document Procedures Hotel Swiss Bell Pondok Indah 10-11 Agustus 2017 1 Seventh Grace 113 Inhouse Product Management Batch 1 Hotel Ibis Slipi 10-11 Agustus 2017 10 External: McHunson Consultant 114 Inhouse Risk Management For Leader batch 1 Hotel Santika 11-12 & 15 Agustus 2017 6 External : STMA Trisakti LSP MKS 115 Public Struktur & Skala Upah Berdasarkan PP No 78/2015 & Permenakertrans No1/2017 Hotel The Grove Epicentrum 15-16 Agustus 2017 1 Lembaga manajemen Formasi 116 Public Sertifikasi Underwriting Syariah AASI 16 Agustus 2017 1 AASI Hotel Ibis Slipi 14-15 Agustus 2017 13 External: McHunson Consultant 117 122 kategori Category Inhouse Organizational Development Seminar Product Management Batch 2 PT BNI Life Insurance | Laporan Tahunan 2017
  123. Sumber Daya Manusia Human Resources kategori Category Nama Training Name of Training lokasi Location Tanggal Date Jml Peserta Total Participant Facilitator 118 Inhouse Personal Branding for RBM Hotel Santika 17-18 Agustus 2017 31 External : Etnomark - Amelia E. 119 Public Pendidikan Khusus Profesi Advokat (PKPA) Menara Karya Kuningan – Jakarta Selatan 19 Agustus – 30 sept 2017 2 FHP Edulaw 120 Public Compliance Management Training Jakarta 22-23 Agustus 2017 1 Value ConsulT 121 Public ASPAC HR Forum- HR innovation to Increase Corporate Performance Nusa Dua Bali. 24-25 Agustus 2017 1 PT Intipesan Pariwara 122 Inhouse Risk Management For Leader batch 2 Hotel Santika 25-26 Agustus 2017 & 29 Agustus 22 2017 External : STMA Trisakti LSP MKS 123 Public Risk Modelling In Financial Institutions Kantor ISEI Pusat 4-5 Sept 2017 ISEI 1 124 Public Forecasting & Valuation Hotel Cipta 4 Sept-11 Okt 2017 1 Bina Insan 125 e-Learning IT Awareness Training Elearning Sept- November 1027 Internal BNI Life 126 Public Manajemen Kontrak Pomelotel 6-7 September 2017 1 Ikatan Ahli Pengadaan Indonesia 127 Public Menurunkan Biaya Kesehatan Denpasar Aston Hotel 6-7 September 2017 1 Puri Comms 128 Public Customer Complain Handling Dremtel Menteng Hotel 6-7 September 2017 3 SH Consultant 129 Inhouse Microsoft Excel Basic Batch 2 Training Center 7-8 September 12 External : Andalan 130 Inhouse Emergency Preparedness Training Training Center 9 Sept 2017 18 External : Garda Agni Indonesia 131 Public Audit Intern Tingkat Lanjutan II YPIA 11 - 22 September 2017 1 YPIA 132 Public Social Media Week Senayan City 11-15 September 2017 4 Cognitix 133 Public Becoming High Performance Sales Leaders Markplus Institute Campus 12-13 September 2017 1 Markplus 134 Public Pelatihan Fraud Oria Hotel 12-15 September 2017 1 LFAI 135 Public Finon 2 : Profit Planning & Capital Budgeting PPM Manajemen 13-14 Sept 2017 1 PPM Manajemen 16 External : Business Growth 136 Inhouse Leader As Trainer Jakarta 14-15 September 2017 137 Public Implementing a Data Warehouse with SQL Server 2014 Executrain 18-22 September 2017 1 Executrain 138 Public Kebutuhan Tabel Morbiditas dalam Penetapan Premi Jaminan dan Asuransi Kesehatan Manhattan Hotel Jkt 20 September 2017 3 PAMJAKI 139 Public Pendidikan Profesionalisme Aktuaris PAI 23 Sept 2017 1 PAI Menara Taspen 25-28 September 2017 2 Asosiasi Dana Pensiun Indonesia 140 Public Manajemen Umum Dana Pensiun (MUDP) 141 Inhouse Efective Negotiation Skill Training Center 26-27 September 17 External : MS Co 142 Inhouse Graphology & Graphonomy Batch 1 Multifunction 3 Oktober 2017 15 Transperforma 143 Inhouse Graphology & Graphonomy Batch 2 Multifunction 4 Oktober 2017 12 Transperforma 144 Inhouse Quality Management Training Training Center 4-5 Oktober 22017 22 McHunson 145 Public Variable Incentive Design Korn Ferry Hay Group Jakarta Office 4-5 Oktober 2017 1 Korn Ferry Hay Froup 146 Public Psikologi dan Komunikasi Dalam Audit L'Avenue Office Tower 4-6 Oktober 2017 1 YPIA 147 Public Implementasi SE No 25/SEOJK.05/2017 Le Meridien Hotel 5 Oktober 2017 1 Risk Management Guard Public Sertifikasi Keahlian Asuransi Syariah Tingkat Ajun Ahli Ged. Permata Kuningan 9-10 Oktober 2017 2 AASI /IIS 148 149 Inhouse Leadership Communication For MGR Hotel Ibis Slipi 9-10 Oktober 2017 146 Cici Restia & team 150 Inhouse Business Process Underwriting Centennial 12 Oktober 2017 24 Internal BNI Life Annual Report 2017 | PT BNI Life Insurance Human Resources No 123
  124. Sumber Daya Manusia Human Resources Sumber Daya Manusia 124 No kategori Category Nama Training Name of Training lokasi Location Tanggal Date Jml Peserta Total Participant Facilitator 151 Inhouse Safety Driving for Driver Training center 14 Oktober 2017 0 Ekternal : Orix 152 Public Seminar Bedah Kasus Royal kuningan Hotel 18 Oktober 2017 1 STIMRA - LPAI 153 Public Manajemen Asset Fave Hotel LTC Glodok 18-19 Oktober 2017 1 LPKMI 154 Inhouse Finance For Non Finance Batch 2 Training Center KS Tubun 19-20 Oktober 22017 20 M-Knows Consulting Bunaiya 155 Public Simulasi UPA UI Depok 21 Oktober 2017 1 FHP Edulaw 2 Diorama Training Department 156 Public Industrial relation Profesional Amaris Hotel Kemang 24-25 Oktober 2017 157 Public The Leading The Future Hotel Padma, Legian, Bali 25-28 Oktober 2017 8 PAI 158 Public Subsidiary governance dalam konteks holdingisasi BUMN dan trend aksi korporasi Grand Sahid Jaya Jakarta 26 Oktober 2017 1 DPS - KNKG 159 Public How to Recruit & select employee with Psychology Tst Hotel Amaris tebet 28 Oktober 2017 1 One Spirit Consulting Psikologi 160 Inhouse Implementasi Product Management (FGD) Multifunction 1 November 2017 9 McHunson 161 Public Tech In Asia JCC 1-2 Nov 2017 2 Indonesia Tech in Asia 162 Inhouse Insurance Market Overview 2018 Multifunction 3 November 2017 41 McHunson Concorde Hotel, Orchard 6-7 November 2017 1 ERMA 163 Public Masterclasss Risk Management - 164 Public Tanggung Jawab Hukum Direksi & Pejabat Perusahaan Asuransi Menurut UU Perlindungan Hotel Harris, Kelapa Gading Konsumen 7 November 2017 1 Pusat Pengkajian & Perlindungan Konsumen dan Pelaku Usaha 165 Public The 2nd Indonesia Human capital Summit Ritz-Carlton, Jakarta 9-10 November 2017 2 PT Dyandra Konvensi International 166 Public Effective Leadership PPM Manajemen 14-15 November 2017 1 PPM Management 167 Public Market Outlook Spin Off Usaha Unit Syariah Perusahaan Asuransi Menjelang Road Map 2020 Hotel Milenium Jakarta 15 November 2017 2 AASI - PT Widya Dharma Artha 168 Public The 8th Indonesia Building management Summit Aryaduta Hotel, Jakarta. 15-16 November 2017 2 Intipesan 169 Public Mewujudkan Zero Fraud Yang terukur, Terintegrasi dan penuh Kehati-hatian Trans luxury Hotel , 15-16 November 2017 1 RMG 170 Inhouse Bisnis Proses Claim Multifunction 16 November 2017 23 Internal BNI Life 171 Public Insurance Outlook 2018 Meridien Hotel 16 Nov 2017 1 Media Asuransi 172 Public Managerial Skill For Secretary Hotel Amoz Cozy, Jakarta 16-17 Nov 2017 1 Indonesia Secretary Training 173 Public Pendidikan Khusus Profesi Advokat Menara Karya, Jakarta 18 November s/d 23 Desember 2017. 1 FHP Edulaw 174 Public 28th Pacific Insurance Conference Grand Hyatt Hongkong 19-22 November 2017 5 28th Pacific Insurance Conference Committee 175 Inhouse Train the trainer Batch 2 Training Center KS Tubun 20-21 November 2017 12 ekternal: Business Growth 176 Public Sertifikasi Barang & Jasa Hotel Losary Roxy 21-24 November 2017 2 Diponegoro Smart Solution 177 Public Creative Problem Solving Yellow Hotel Harmoni 28-29 November 2017 3 Lutan Edukasi (Knowcap) 178 Public Sertifikasi Ahli Pengadaan Barang & Jasa Pemerintah PPM 4-8 Desember 2017 1 PPM Management Purchasing Management PPM Manajemen 5-7 Desember 2017 2 PPM 179 Public 180 Public Risk Governance Masterclass Hotel Alana, Yogyakarta 6 Desember 2017 5 CRMS - ERMA 181 Public Pelatihan Kepatuhan kepada Perusahaan Anak (POJK No12/POJK.01/2017; UU No.9 thn2017; GCG; Profil Risiko) BNI Corporate University Kampus Slipi 11 Desember 2017 5 Bank BNI 182 Inhouse Microsoft Excel Training Center KS Tubun 14-15 Desember 2017 21 Andalan 183 Public Gathering AASi Tantangan & Strategi untuk mempercepat pertumbuhan Industri Asuransi Syariah Propinsi Sum-Ut. (medan & Sekitarnya) 15-17 Desember 2017 1 AASI PT BNI Life Insurance | Laporan Tahunan 2017
  125. Sumber Daya Manusia Human Resources Training Cost Sebagai wujud nyata kepedulian manajemen dalam meningkatkan dan mengembangkan kompetensi pegawai dalam bentuk pendidikan dan pelatihan , maka setiap tahunnya Perusahaan selalu mengalokasikan dana untuk pendidikan dan pelatihan yang memadai. Adapun biaya pelatihan pegawai BNI Life pada beberapa tahun terakhir dapat dilihat pada tabel berikut ini. As a manifestation of management awareness in improving and developing employee’s competencies in the form of education and training, the Company constantly allocates funds for adequate education and training every year. The training cost of BNI Life’s employees in the last few years can be seen in the following table.   Training Cost 2016 2017 Rp5,92 M Rp5,16 M Tahun 2017, biaya pelatihan yang dikeluarkan Perseroan mengalami penurunan dibandingkan tahun sebelumnya, hal ini dikarenakan strategi Employee Training Program 2017 yaitu fokus pada pelatihan yang terstruktur dan tepat guna dengan fokus pada pengembangan dan pelatihan untuk meningkatkan kompetensi Pegawai dan hal ini berdampak juga terhadap penggunaan budget yang lebih efektif. In 2017, the training costs incurred by the Company decreased compared to the previous year, because the strategy of Employee Training Program in 2017 focused on structured and right-on-target training with a focus on development and training to improve employee’s competencies, which led to more effective use of budget. Human Resource Information System (HCIT) Human Resource Information System (HCIT) Di era digital ini, teknologi menjadi hal penting untuk kelancaran tugas organisasi dan sistem Human Resource Information System (HCIT) yang digunakan BNI Life saat ini yaitu Employee e-Services berbasis website yang dapat digunakan di berbagai platform yang mendukung penggunaan browser sehingga dapat mempermudah Pegawai untuk mengakses aktifitas dan proses administrasi Pegawai seperti Employee Personal Administration, Attendance, Leave, Permit, Business Trip, Sickness, Overtime dan Performance Appraisal. Tidak hanya membantu sebagai peningkatan layanan kepada Pegawai namun membantu team Divisi HCT dalam mengelola data informasi Pegawai. In this digital era, technology becomes an important thing for the smooth functioning of the organization and the Human Resource Information System (HCIT) system used by BNI Life today is a web-based Employee e-Services that can be used in various platforms and support the use of browser, so that it is easier for employee to access activities and administrative processes of employee such as Employee Personal Administration, Attendance, Leave, Permit, Business Trip, Sickness, Overtime and Performance Appraisal. Not only assist and improve service to Employee but also assist the HCT Division team in managing employee’s information data. HCIT mulai diimplementasikan secara bertahap sejak akhir 2013 sampai saat ini tetap dilakukan berbagai pengembangan untuk menyempurnakan modulmodulnya. HCIT began to be implemented gradually since the end of 2013, and until now various developments to perfect the modules are still undertaken. STATISTIK PEGAWAI EMPLOYEE STATISTICS Sejalan dengan pengembangan usaha Perseroan, jumlah pegawai BNI Life juga turut mengalami perubahan. perubahan jumlah pegawai tersebut adalah sesuai dengan kebutuhan operasional dan rencana pengembangan usaha Perseroan ke depan. In line with business development of the Company, BNI’s employees are also experiencing changes. The changes of number of employees is in accordance with the operational needs and future business development plans of the Company. Annual Report 2017 | PT BNI Life Insurance Human Resources Biaya Pelatihan 125
  126. Sumber Daya Manusia Human Resources Sumber Daya Manusia Jumlah pegawai BNI Life 3 tahun terakhir adalah sebagai berikut : The number of employees of BNI Life in the last 3 years is as follows: Jumlah Pegawai BNI Life 2015-2017 Number of BNI Life’s Employees in 2015-2017 635 2 213 425 639 2017 Pegawai Tetap Permanent Employee 38 181 370 545 48 2016 Pegawai Probation Probation Employee Komposisi Pegawai Berdasarkan Usia Rentang Usia Age Range 151 316 2015 Pegawai Outsourcing Outsourcing Employee Pegawai Kontrak Contract Employee Employee Composition By Age 2017 Jumlah Total 2016 Jumlah Total % < 30 tahun < 30 years 361 42,5% 383 44,6% 31 - 35 tahun 31 – 35 years 235 27,6% 231 26,9% 36 - 40 tahun 36 – 40 years 144 16,9% 133 15,5% 41 - 45 tahun 41 – 45 years 56 6,6% 57 6,6% 46 - 50 tahun 46 – 50 years 21 2,5% 27 3,1% 51 - 55 tahun 51 – 55 years 26 3,1% 18 2,1% 7 0,8% 9 1,0% 850 100,0% 858 100,0% >= 56 tahun >= 56 years Jumlah Total Komposisi Pegawai Berdasarkan Gender Employee Composition By Gender 2017 Gender 126 % Jumlah Total 2016 Jumlah Total % % Pria Male 432 50,8% 430 50,1% Wanita Female 418 49,2% 428 49,9% Jumlah Total 850 100,0% 858 100,0% PT BNI Life Insurance | Laporan Tahunan 2017
  127. Sumber Daya Manusia Human Resources Berdasarkan Jenjang Jenjang Pendidikan Level of Education Employee Composition By Level of Education 2017 Jumlah Total S3 Doctorate Degree Human Resources Komposisi Pegawai Pendidikan 2016 Jumlah Total % % 1 0,1% 2 0,2% S2 Master Degree 67 7,9% 68 7,9% S1 Bachelor Degree 629 74,0% 628 73,2% D1/D3/D4 Diploma 150 17,6% 158 18,4% 3 0,4% 2 0,2% 850 100,0% 858 100,0% SMA/SMK Senior High School Jumlah Total Komposisi Pegawai Berdasarkan Level Jabatan Level Jabatan Position Level Employee Composition By Position Level 2017 Jumlah Total 2016 Jumlah Total % % Direksi Director 4 0,5% 5 0,6% Dewan Komisaris Board of Commissioner 5 0,6% 5 0,6% Dewan Pengawas Syariah Sharia Supervisory Board 3 0,4% 3 0,3% Komite Audit Audit Committee 3 0,4% 3 0,3% 44 5,2% 47 5,5% Manager - Senior Manager Manager – Senior Manager 136 16,0% 147 17,1% Assistant Manager - Senior Assistant Manager Assistant Manager – Senior Assistant Manager 266 31,3% 267 31,1% Staff - Senior Assistant Staff Staff – Senior Assistant Staff 389 45,8% 381 44,4% Jumlah Total 850 100,0% 858 100,0% AVP - SEVP AVP – SEVP Annual Report 2017 | PT BNI Life Insurance 127
  128. Teknologi Informasi Teknologi Informasi Information Technology Information Technology Sumber Daya Manusia Teknologi informasi (TI) memiliki peran penting dalam memastikan kelancaran dan akurasi pengelolaan informasi guna meningkatkan daya saing BNI Life serta memberikan pelayanan yang efektif dan efisien kepada nasabah. Pengembangan sistem informasi BNI Life difokuskan guna mengatasi masalah dan tantangan terkait dengan: Information technology (IT) has an important role in ensuring the smoothness and accuracy of information management in order to improve the competitiveness of BNI Life and provide effective and efficient services to customers. The development of BNI Life’s information system is focused on addressing issues and challenges related to: 1. 1. Provision of infrastructure to support synergy with other parties related to business processes in BNI Life, including the management of distribution channels, agents, and new product development units. 2. Improvement of process and quality of service to customers in the framework of customer retention. Loyal and satisfied customers will support BNI Life business continuity. Improvement of Human Resource performance and operational cost control. Ensuring compliance with legislation and improving the quality of internal control. 2. 3. 4. 3. 4. Peranan Teknologi Informasi (TI) di industri perbankan sangat strategis. TI merupakan instrumen yang sangat diandalkan pelaku usaha khususnya tidak hanya untuk menunjang operasional perusahaan, tapi juga dalam rangka menjaga keamanan, kelancaran dan efisiensi operasional secara keseluruhan. Oleh karena itu, Perseroan senantiasa memberikan ruang yang sangat besar dalam melakukan pengembangan di bidang TI. The role of Information Technology (IT) in the banking industry is very strategic. IT is a very dependable instrument for business players, especially not only to support the company’s operations, but also to maintain the security, smoothness and efficiency of the whole operations efficiency. Therefore, the Company always provides a very large space in the development of IT. KEBIJAKAN PENGEMBANGAN TEKNOLOGI INFORMASI INFORMATION TECHNOLOGY DEVELOPMENT POLICY Kebijakan perusahaan terkait pengembangan TI bertujuan untuk mendukung operasional perusahaan dengan adanya penerapan kebijakan-kebijakan Teknologi Informasi sesuai regulasi dan standar untuk meningkatkan dukungan TI terhadap pencapaian target di 2017, yaitu telah dibuatnya berupa BPP (Buku Pedoman Perusahaan) berikut ini. Company policy related to IT development aims to support the Company's operations with the implementation of IT Technology policies according to regulations and standards to improve IT support toward the achievement of targets in 2017, which has been made in the form of BPP (Company Guidance Book) as follows: 1. BPP IT CORE & NON CORE pedoman yang menjelaskan ketentuan dan instruksi kerja mengenai IT Core dan Noncore pada divisi PT BNI Life terhadap Analisa kelayakan sistem, Permintaan Aplikasi, Pengembangan Aplikasi BPP IT PROJECT MANAGEMENT pedoman yang menjelaskan ketentuan dan isntruksi kerja mengenai IT Infrastruktur pada divisi PT BNI Life terhadap project initiation & Planning BPP IT QA pedoman yang menjelaskan ketentuan dan instruksi kerja mengenai IT Quality Assurance pada divisi PT BNI Life terhadap QA Tester BPP IT SECURITY, RISK & GOVERNANCE pedoman yang menjelaskan ketentuan dan instruksi kerja mengenai IT Security RISK & GOVERNANCE pada divisi PT BNI Life terhadap internal audit BPP IT SERVICE pedoman yang menjelaskan ketentuan dan isntruksi kerja mengenai IT Services pada unit kerja PT BNI Life terhadap pengendalian dan catatan, layanan helpdesk 1. BPP IT CORE & NON CORE guidelines describing the provisions and work instruction of IT Core and Noncore at PT BNI Life's division on system feasibility analysis, Application Request, Application Development Teknologi Informasi (TI) sebagai bagian dari proses operasional BNI Life yang sudah menjadi kesatuan dengan proses-proses operasional lainnya menempati peran yang strategis dan penting. Ketergantungan divisi-divisi lain akan layanan TI menjadi tantangan tersendiri bagi Departemen TI BNI Life untuk selalu menyediakan layanan TI yang handal, aman dan tepat guna. Information Technology (IT) as part of the operational process of BNI Life that has become united with other operational processes occupies a strategic and important role. The dependence of other divisions on IT services will be a challenge for IT Department of BNI Life to constantly provide reliable, safe and effective IT services. 2. 3. 4. 5. 128 Penyediaan infrastruktur guna mendukung sinergi dengan pihak-pihak lain terkait dengan proses-proses bisnis di BNI Life, termasuk pengelolaan jalur distribusi, agen, dan unit pengembangan produk baru. Peningkatan proses dan kualitas pelayanan kepada nasabah dalam rangka retensi nasabah. Nasabah yang setia dan puas akan mendukung keberlanjutan bisnis BNI Life. Peningkatan kinerja Sumber Daya Manusia dan pengendalian biaya operasional. Memastikan kepatuhan pada peraturan perundang-undangan serta meningkatkan kualitas pengawasan internal. PT BNI Life Insurance | Laporan Tahunan 2017 2. BPP IT PROJECT MANAGEMENT guidelines that explain the provisions and work instructions of IT Infrastructure at PT BNI Life's division on project initiation & Planning 3. BPP IT QA guidelines that explain the provisions and work instructions on IT Quality Assurance at PT BNI Life's division on QA Tester 4. BPP IT SECURITY, RISK & GOVERNANCE guidelines that explain the provisions and work instructions of IT Security RISK & GOVERNANCE at PT BNI Life's division on internal audit 5. BPP IT SERVICE guidelines that explain the provisions and work instructions of IT Services at PT BNI Life's division on control and record, helpdesk services
  129. Teknologi Informasi Information Technology INFORMATION TECHNOLOGY DIVISION Penanggung jawab pengelolaan dan pengembangan teknologi informasi di BNI Life berada di bawah Divisi Teknologi Informasi yang dikepalai oleh seorang Kepala Divisi dan bertanggung jawab langsung kepada Associate Director & Chief Operation Officer. The management and development of information technology at BNI Life is the responsibility of Information Technology Division, which is headed by a Division Head and directly report to Associate Director & Chief Operation Officer. Pembentukan divisi ini merupakan salah satu bentuk komitmen BNI Life terhadap pengelolaan dan pengembangan TI sebagai business enabler. The establishment of this division is one of BNI Life’s commitment to the management and development of IT as a business enabler. Tugas dan Tanggung Jawab Divisi TI Duties and Responsibilities of IT Division Dalam usaha untuk mendukung visi BNI Life sebagai perusahaan asuransi terkemuka kebanggaan bangsa, Divisi TI menyiapkan sistem TI yang dapat memberikan informasi yang tepat dalam pengambilan keputusan untuk mendukung tercapainya visi perusahaan. In an effort to support the vision of BNI Life to become the leading life insurance company in the country, IT Division prepares IT systems that can provide the right information in decision making to support the achievement of the company’s vision. Untuk itu, Divisi TI memiliki tugas dan tanggung jawab sebagai berikut: 1. Menyelaraskan teknologi informasi dengan strategi perusahaan serta realisasi dari keuntungan-keuntungan yang telah dijanjikan dari penerapan TI. 2. Penggunaan teknologi informasi memungkinkan perusahaan mengambil peluang-peluang yang ada, serta memaksimalkan pemanfaatan TI dalam memaksimalkan keuntungan dari penerapan TI tersebut. 3. Bertanggung jawab terhadap penggunaan sumber daya TI. 4. Manajemen risiko yang ada terkait teknologi informasi secara tepat. To that end, IT Division has the following duties and responsibilities: 1. Aligning information technology with corporate strategy as well as realization of the promised benefits of IT implementation. Struktur Organisasi Divisi TI Organizational Structure of IT Division 2. Using information technology to enable the Company to take on existing opportunities, and maximize the utilization of IT in maximizing the benefits of IT implementation. 3. 4. Be responsible for the use of IT resources. Conducting risk management related to information technology appropriately. Human Resources DIVISI TEKNOLOGI INFORMASI Head of IT Technical Expert Core Application NON Core Application Infrastructure IT Services Syaria Syaria DB Admin Asset & Contract Management Developer DB Admin System Admin IT Helpdesk Support Application Datawarehouse/ Report/Support IT Datacenter Operation IT Admin/Librarian BA/SA BA/SA Network Admin IT Project Management IT Security, Risk & Governance IT QA Annual Report 2017 | PT BNI Life Insurance 129
  130. Teknologi Informasi Information Technology Sumber Daya Manusia Pada 31 Desember 2017 , personil Divisi TI berjumlah 50 orang, termasuk seorang Kepala Divisi. As of December 31, 2017, IT Division has 50 personnels, including a Division Head. Profil Kepala Divisi TI Head of IT Division Profile Rhinaldy Yudistira Warga negara Indonesia, berusia 41 tahun. Meraih gelar Sarjana di bidang Management Information System dari Universitas Gunadarma, Jakarta tahun 2001. Selain itu, beliau juga memegang sertifikasi ITIL dan QCRO (Qualified Chief Risk Officer). Rhinaldy Yudhisthira Indonesian, 42 years old. Obtained his bachelor degree in Management Information System from Gunadarma University, Jakarta in 2001. In addition, he also holds ITIL and QCRO (Qualified Chief Risk Officer) certification. Beliau memulai karir di PT Askes (Persero) tahun 2001. Beliau juga pernah menjabat sebagai Kepala Divisi Information Technology di PT Asuransi Jiwa Inhealth Indonesia tahun 2012-2016, dan bergabung dengan BNI Life sejak April 2016 sebagai Kepala Divisi Information Technology Division. He started his career in PT Askes (Persero) in 2001. He had also served as Head of Information Technology Division at PT Asuransi Jiwa Inhealth Indonesia in 2012-2016, and joined BNI Life since April 2016 as Head Of Information Technology Division. Program Kerja dan Pencapaian Divisi TI 2017 Work Program and Achievement of IT Division 2017 BNI Life terus melanjutkan pengembangan New Core System untuk produk perorangan yang akan menjadi dasar dalam proses bisnis asuransi individu. Dengan dukungan teknis dari Sumitomo Life Divisi IT telah meningkatkan tata kelola dan manajemen dengan menerbitkan sejumlah SOP sebagai standarisasi kerja Divisi IT. BNI Life continues to develop the New Core System for individual products that will be the basis of individual insurance business processes. With technical support from Sumitomo Life IT Division has improved governance and management by issuing a number of SOPs as a standardization of IT Division work. Pada tahun 2017, realisasi program kerja Divisi TI adalah sebagai berikut: In 2017, the realization of IT Division's work program is as follows: Proyek 2017 2017 Project New Core System Individual New Core Group System 130 Keterangan Description Melanjutkan rekayasa ulang aplikasi jiwa perorangan yang akan menjadi tulang punggung dalam mendukung pertumbuhan bisnis BNI Life di masa depan. Continuing the re-engineering of individual life applications that will be the backbone to support BNI Life's business growth in the future. Memulai rekayasa ulang aplikasi inti asuransi kesehatan kumpulan untuk mendukung bisnis dan peningkatan market share BNI Life. Started the re-engineering of core application of group health insurance to support the business and increase the market share of BNI Life. Data Center Relocation Memindahkan data center BNI Life ke lokasi baru dengan sarana pendukung yang baru dan antisipasi pengembangan bisnis di masa depan. Moved BNI Life's data center to a new location with new supporting facilities and anticipating future business development. New e-Mail Server Memulai analisis penurunan biaya dan strategi pemindahan email server baru. Started a new cost reduction analysis and mail server removal strategy. Integrated Marketing Communication Website Memulai pengembangan situs resmi BNI Life dengan konsep “customery journey” untuk menjawab tantangan digitalisasi dengan mengkomunikasikan informasi bisnis perusahaan kepada nasabah dan calon nasabah dalam media digital. Started the development of BNI Life's official website with the concept of "customery journey" to answer the challenge of digitalization by communicating the Company's business information to customers and potential customers in digital media. Investasi TI IT investment Teknologi Informasi merupakan salah satu faktor yang akan sangat menentukan perkembangan usaha BNI Life ke depan. Karena itu, BNI Life tidak ragu untuk mengeluarkan investasi di bidang teknologi informasi untuk pengembangan sistem teknologi informasi. Information Technology is one of the factors that will determine the future business development of BNI Life. Therefore, BNI Life does not hesitate to spend investment in the field of information technology for information technology systems development. PT BNI Life Insurance | Laporan Tahunan 2017
  131. Teknologi Informasi Information Technology Item Item Actual Actual Hardware Hardware 5 .314.500.000 3.767.357.999 Software Software 61.012.800.000 2.235.858.950 Grant Total Grant Total 66.327.300.000 6.003.216.949 Tahun 2017, BNI Life menganggarkan investasi TI sebesar Rp66,33 miliar, baik untuk CAPEX maupun untuk OPEX. Namun demikian, hingga 31 Desember 2017, realisasi penggunaan anggaran teknologi informasi baru terealisasi sebesar Rp6,00 miliar, hal tersebut dikarenakan masih terdapat beberapa project yang pembayarannya dilakukan tahun 2018 dan proses pengadaan yang masih berlangsung hingga akhir tahun 2017 dan diteruskan pada tahun 2018 yang akan tetap dicatatkan sebagai anggaran tahun 2017. In 2017, BNI Life budgeted IT investment of Rp66.33 billion, both for CAPEX and for OPEX. However, until December 31, 2017, the realization of the use of information technology budget has only been realized at Rp6.00 billion, because there are some projects with payment that will be made in 2018 and procurement process that is still ongoing until the end of 2017 and will be continued in 2018, that remains listed as the 2017 budget. Rencana Pengembangan Teknologi Informasi 2018 Information Technology Development Plan in 2018 Rencana kerja Divisi IT 2018 pada dasarnya melanjutkan proyek-proyek pada tahun sebelumnya. Adapun proyek yang akan dilakukan pada 2018 adalah: The IT Division 2018’s work plan are basically continuing the previous year’s projects. The projects to be carried out in 2018 are: Proyek 2018 Project 2018 Human Resources Investasi CAPEX TI 2017 Investment of CAPEX IT 2017 Budget Budget Keterangan Description New Core System Individual Menyelesaikan proses pengadaan dan memulai tahap pertama pengembangan aplikasi inti asuransi jiwa perorangan di BNI Life. Completes the process of procurement and start the first phase of the development of the individual in BNI life insurance New Core Group System Menyelesaikan pengembangan aplikasi inti asuransi jiwa kelompok dan mengimplementasikan aplikasi untuk mendukung perkembangan dan target bisnis BNI Life. Completed applications core development life insurance group and implement application to support development of business and target BNI Life New e-mail Server Menyelesaikan proses pengadaan dan melakukan migrasi e-mail BNI Life untuk mendukung kemudahan komunikasi digital dengan seluruh stakeholder. Complete the process procurement and do migration e-mail BNI Life to support ease digital communications with all stakeholders Integrated Marketing Communication Website Menyelesaikan pengembangan situs resmi BNI Life untuk mendukung komunikasi dengan nasabah dan calon nasabah serta optimalisasi sosial media dalam meningkatkan bisnis perusahaan. Finish the development of the official site of bni life to support communication with customers and potential borrowers and social media in improving the optimization of all of the company business New Generation Firewall Memulai proses pengadaan dan melakukan analisis implementasi firewall untuk meningkatkan jaminan keamanan jaringan komunikasi data BNI Life. Start the process of supplying and an analysis of the firewall to improve security guarantees data communications networks BNI life Annual Report 2017 | PT BNI Life Insurance 131
  132. Teknologi Informasi Information Technology Sumber Daya Manusia 132 Tata Kelola Teknologi Informasi Information Technology Governance Tata kelola teknologi informasi adalah tanggung jawab Manajemen Perusahaan agar TI yang ada dapat lebih efisien dan efektif dalam mendukung proses bisnis yang dijalankan perusahaan . Tujuan tata kelola teknologi informasi adalah mengontrol penggunaannya dalam memastikan bahwa kinerja TI memenuhi dan sesuai dengan tujuan sebagai berikut: 1. Menyelaraskan teknologi informasi dengan strategi perusahaan serta realisasi dari keuntungan-keuntungan yang telah dijanjikan dari penerapan TI. 2. Penggunaan teknologi informasi memungkinkan perusahaan mengambil peluang-peluang yang ada, serta memaksimalkan pemanfaatan TI dalam memaksimalkan keuntungan dari penerapan TI tersebut. 3. Bertanggung jawab terhadap penggunaan sumber daya TI. 4. Manajemen risiko yang ada terkait teknologi informasi secara tepat. Information technology governance is the responsibility of the Company’s Management so that existing IT can be more efficient and effective in supporting business processes run by the Company. The purpose of information technology governance is to control its use in ensuring that IT performance meets and complies with the following objectives: PT BNI Life Insurance | Laporan Tahunan 2017 1. Aligning information technology with corporate strategy as well as realization of the promised benefits of IT implementation. 2. The use of information technology allows companies to take advantage of existing opportunities, and maximize the use of IT in maximizing the benefits of IT implementation. 3. 4. Responsible for the use of IT resources. Existing risk management related to information technology appropriately.
  133. Teknologi Informasi Information Technology Human Resources Annual Report 2017 | PT BNI Life Insurance 133
  134. Analisis & Pembahasan Manajemen Management Discussion & Analysis
  136. Tinjauan Industri Tinjauan Industri Industry Review Industry Review Analisis dan Pembahasan Manajemen 136 PERTUMBUHAN EKONOMI 2017 ECONOMIC GROWTH IN 2017 Kondisi ekonomi global tahun 2017 mulai menunjukan pergerakan yang positif . Membaiknya pertumbuhan ekonomi di negara-negara maju menjadi faktor yang sangat mempengaruhi pertumbuhan ekonomi global tahun 2017. Tiongkok yang selama 7 tahun terakhir mengalami perlambatan pertumbuhan ekonomi, tahun 2017 kembali berhasil membukukan pertumbuhan ekonomi yang positif, yaitu dengan pertumbuhan sebesar 6,9%, lebih tinggi dibandingkan pertumbuhan ekonomi tahun sebelumnya sebesar 6,7%. Global economic conditions in 2017 began to show a positive movement. The improvement in economic growth in developed countries WAS a factor that greatly affected global economic growth in 2017. China, which for the last 7 years experienced a slowdown in economic growth, in 2017 was able to manage to record positive economic growth, with growth of 6.9%, higher compared to the previous year's economic growth of 6.7%. Hal yang sama juga dialami oleh Amerika Serikat. Di tengah berbagai kekhawatiran adanya Trump effect, ekonomi Amerika Serikat tahun 2017 ditutup dengan capaian pertumbuhan sebesar 2,3%, lebih tinggi dibandingkan pertumbuhan tahun sebelumnya yang sebesar 1,6%. This was also happening in the United States. Amid various concerns about the Trump effect, the US economy in 2017 closed with 2.3% growth, higher than 1.6% in the previous year. Kawasan Eropa juga mengalami pertumbuhan ekonomi yang cukup baik tahun 2017. Kebijakan Bank Sentral Eropa (European Central Bank) dalam mengurangi stimulus moneter mampu memperkuat posisi Euro terhadap US$, sehingga perekonomian di Eropa dapat berkembang dengan cukup baik. The European region was also experiencing good economic growth in 2017. The European Central Bank's policy of reducing monetary stimulus was able to strengthen the position of Euro against US$, so that the economy in Europe can grow quite well. Menurut Bank Dunia, dengan peningkatan kondisi internasional yang didukung membaiknya pembiayaan global dan stabilnya harga komoditas, pertumbuhan ekonomi negara berkembang secara keseluruhan pada 2017 meningkat menjadi 4,1% dari 3,5% di 2016. According to the World Bank, with the increase in international conditions supported by improving global financing and stable commodity prices, overall economic growth of developing countries in 2017 increased to 4.1% from 3.5% in 2016. Membaiknya perekonomian global juga berdampak pada perekonomian di Indonesia. Tahun 2017, Indonesia berhasil membukukan pertumbuhan ekonomi sebesar 5,06% atau lebih tinggi dibandingkan pertumbuhan ekonomi tahun sebelumnya yang sebesar 5,02%. Pertumbuhan ekonomi Indonesia tahun 2017 lebih banyak disebabkan oleh faktor domestik. Meningkatnya belanja Pemerintah dan terjaganya tingkat inflasi pada level yang cukup rendah merupakan pendorong utama pertumbuhan ekonomi nasional. The improving global economy also impacted the economy in Indonesia. In 2017, Indonesia managed to record economic growth of 5.06% or higher compared to the previous year's economic growth of 5.02%. Indonesia's economic growth in 2017 was mostly due to domestic factors. The increased Government spending and subdued levels of inflation at low levels were the main drivers of national economic growth. Konsumsi swasta pada tahun 2017 juga mengalami peningkatan. Hal ini didukung oleh nilai Rupiah yang relatif stabil dan menurunnya inflasi. Selain itu, pada semester kedua tahun 2017, Bank Indonesia kembali menurunkan tingkat suku bunga acuan ke level 4,25% sehingga fungsi intermediasi industri perbankan dapat berjalan lebih optimal. Private consumption in 2017 also increased. This was supported by the relatively stable rupiah and inflation. In addition, in the second half of 2017, Bank Indonesia again lowered the benchmark interest rate to 4.25% so that the intermediation function of the banking industry can run more optimally. Defisit neraca berjalan Indonesia terus menyusut sebesar 1,0% dari PDB, didukung oleh ekspor yang meningkat lebih cepat dibandingkan dengan impor, ditambah dengan guncangan positif perdagangan reguler yang terus berlanjut. Untuk tahun 2017, secara keseluruhan defisit transaksi berjalan tersebut diperkirakan tidak berubah dari tahun 2016 sebesar 1,8% dari PDB. Indonesia's current account deficit continued to shrink by 1.0% of GDP, buoyed by exports that are rising faster than imports, coupled with continuing positive shock of regular trading. For 2017, the overall current account deficit was predicted to remain unchanged from 2016 at 1.8% of GDP. Sementara itu, kondisi pasar saham di Indonesia juga bergerak positif sepanjang tahun 2017. Indeks Harga Saham Gabungan (IHSG) sepanjang tahun 2017 berkali-kali mencatat rekor tertinggi. Dan pada penutupan perdagangan 29 Desember 2017, IHSG ditutup menguat 41,60 poin ke posisi 6.355,65 dan menjadi yang tertinggi sepanjang sejarah. Meanwhile, the stock market conditions in Indonesia also moved positively throughout 2017. The composite Stock Price Index (IHSG) throughout 2017 repeatedly record highs. And at the close of December 29, 2017 trading, IHSG was closed up 41.60 points to 6,355.65 position and became the highest in history. PT BNI Life Insurance | Laporan Tahunan 2017
  137. Tinjauan Industri Industry Review However , the improved economic condition was not reflected in the community level. Industry players complaint of a decline in people's purchasing power. Although the government firmly denied a decline in purchasing power, most of the industry experienced a slowdown in growth in 2017. KONDISI INDUSTRI ASURANSI 2017 INSURANCE INDUSTRY CONDITION IN 2017 Pertumbuhan ekonomi nasional yang cukup baik tahun 2017 menjadi salah satu faktor pendorong pertumbuhan industri asuransi nasional. Berdasarkan data Otoritas Jasa Keuangan (OJK), total premi asuransi tahun 2017 mencapai Rp405,88 triliun, meningkat 19,12% dibandingkan total premi tahun sebelumnya sebesar Rp340,73 triliun. The quite satisfactory national economic growth in 2017 was one of the factors driving the growth of the national insurance industry. Based on data from the Financial Services Authority (OJK), total insurance premiums in 2017 reached Rp405.88 trillion, an increase of 19.12% compared to the previous year's total premium of Rp340.73 trillion. Dari total premi tersebut, sektor asuransi jiwa menjadi kontributor terbesar dengan total pendapatan premi tahun 2017 sebesar Rp183,85 triliun, meningkat 33,43% dibandingkan tahun sebelumnya sebesar Rp137,79 triliun. Of the total premiums, the life insurance sector became the largest contributor with total premium income in 2017 of Rp183.85 trillion, an increase of 33.43% compared to the previous year of Rp137, 79 trillion. Total Aset industri asuransi tahun 2017 mencapai Rp1.132,60 triliun, tumbuh 19,91% dibandingkan total aset tahun sebelumnya sebesar Rp944,58 triliun. Sedangkan total investasi industri asuransi nasional tahun 2017 mencapai Rp972,08 triliun, meningkat 24,56% dibandingkan total investasi tahun sebelumnya Rp780,42 trilun. Total Assets of the insurance industry in 2017 reached Rp1,132.60 trillion, growing by 19.91% compared to the total assets of the previous year of Rp944.58 trillion. While total investment of the national insurance industry in 2017 reached Rp972.08 trillion, an increase of 24.56% compared to total investment of the previous year Rp780.42 trillion. Management Discussion and Analysis Namun demikian, kondisi ekonomi yang membaik tersebut tidak tercermin di tingkat masyarakat. Kalangan pelaku industri mengeluhkan adanya penurunan daya beli masyarakat. Kendati pemerintah secara tegas membantah adanya penurunan daya beli, namun sebagian besar industri mengalami perlambatan pertumbuhan pada tahun 2017. Kinerja Industri Asuransi 2016-2017 Insurance Industry Performance in 2016-2017 944,59 340,73 780,42 1132,6 2016 Total Aset 405,88 972,08 2017 Total Premi Total Investasi (dalam triliun Rupiah)|(in trillion Rupiah) Pertumbuhan industri asuransi tahun 2017 juga didorong oleh membaiknya hasil investasi industri asuransi. Berdasarkan data Asosiasi Asuransi Jiwa Indonesia (AAJI), pertumbuhan investasi industri asuransi jiwa sepanjang 2017 mengalami pertumbuhan hingga 22,89%. Pencapaian ini di atas kenaikan IHSG. Pertumbuhan investasi juga disebabkan oleh pertumbuhan premi industri asuransi jiwa. The growth of the insurance industry in 2017 was also driven by the improved return on investment in the insurance industry. Based on data from the Association of Indonesian Life Insurance (AAJI), the growth of life insurance industry investment throughout 2017 grew by 22.89%. This achievement was above the increase in IHSG. The investment growth was also due to the growth of life insurance industry premiums. Berdasarkan data terakhir yang dihimpun AAJI , total aset asuransi jiwa mencapai Rp542,61 triliun, atau hampir mencapai 50% dari total aset industri asuransi secara keseluruhan. Based on the latest data compiled by AAJI, total life insurance assets reached Rp542.61 trillion, or nearly 50% of the total assets of the whole insurance industry. Annual Report 2017 | PT BNI Life Insurance 137
  138. Tinjauan Bisnis Tinjauan Bisnis Business Review Business Review Analisis dan Pembahasan Manajemen 138 Pertumbuhan industri asuransi nasional tahun 2017 berjalan dengan sangat baik . Kondisi tersebut merupakan hal yang sangat baik bagi BNI Life untuk mencapai target pertumbuhan usaha tahun 2017. Hal ini dibuktikan dengan kinerja BNI Life sepanjang tahun 2017 yang secara umum berada di atas rata-rata pertumbuhan industri. The growth of national insurance industry in 2017 was very satisfactory. The condition was very favorable for BNI Life to achieve the target of business growth in 2017. This was evidenced by BNI Life performance throughout 2017, which was generally above the industry's average growth. STRATEGI PENGEMBANGAN BISNIS BNI LIFE BNI LIFE BUSINESS DEVELOPMENT STRATEGY BNI Life menatap tahun 2017 dengan optimisme yang tinggi. Capaian kinerja Perseroan 3 tahun terakhir menjadi landasan optimisme BNI Life bahwa tahun 2017 sekali lagi akan menjadi tahun pertumbuhann. Untuk itu, BNI Life telah menetapkan arah kebijakan Perseroan tahun 2017 baik jangka pendek maupun jangka menengah BNI Life looks at 2017 with high optimism. The Company's performance achievement in the last 3 years has become the foundation of BNI Life's optimism that 2017 will once again become a growth year. To that end, BNI Life has set the direction of corporate policy in 2017 for both short and medium term. Kebijakan Perseroan dalam pengembangan bisnis jangka pendek adalah sebagai berikut: 1. Ekspansi Bisnis Mendorong pertumbuhan bisnis di tahun 2017 dengan mengejar pertumbuhan bisnis baru yang significant, meningkatkan kemampuan Perseroan dalam mengelola premi tahun lanjutan dan terus mencari peluang baru untuk bekerja sama dengan partner bisnis baru. 2. Manajemen Laba 3. Operational Excellence. 4. Strong Fundamental Structure. Company policy in short-term business development is as follows: Arah kebijakan jangka menengah Perseroan adalah sebagai berikut: 1. Mendapatkan kepercayaan masyarakat akan pelayanan Perseroan serta keunggulan produk-produknya. 2. Pertumbuhan bisnis baru Perseroan terus bertumbuh dengan kecepatan di atas kecepatan pertumbuhan industri. 3. Meningkatkan persistency ratio dan collection ratio. The direction of the company's medium-term policy is as follows: 1. Gaining public trust in the Company's services and the superiority of its products. 2. The Company's new business continues to grow at a pace above the pace of industry growth. 3. Increasing the persistency ratio and collection ratio. Kebijakan manajemen dalam hal pengembangan bisnis dan proses operasional Perseroan adalah sebagai berikut: 1. Ekspansi Bisnis Mendorong pertumbuhan bisnis di tahun 2017 dengan mengejar pertumbuhan bisnis baru yang significant, meningkatkan kemampuan Perseroan dalam mengelola premi tahun lanjutan dan terus mencari peluang baru untuk bekerja sama dengan partner bisnis yang baru, dengan perincian berikut: a.Saluran distribusi Bancassurance: • Meningkatkan produktivitas tenaga pemasar, dan (2) melakukan ekspansi melalui unit Worksite dan Affinity. • Employee Benefits: (1) mengembangkan lebih lanjut saluran distribusi Employee Benefits business banking, dan (2) meningkatkan produktivitas tenaga pemasar. • Saluran distribusi Agency: (1) meningkatkan jumlah tenaga pemasar, dan (2) meningkatkan produktivitas tenaga pemasar. • Meningkatkan premi tahun lanjutan dengan meningkatkan Persistensi Rasio dan meningkatkan Collection Ratio. • Business Development: melihat, mempelajari dan menciptakan peluang bisnis baru guna meningkatkan performa Perseroan yang sudah ada, termasuk menjalin kerjasama dengan partner bisnis yang baru. The management policies in terms of business development and operational processes are as follows: 1. Business Expansion Encouraging business growth in 2017 by pursuing significant new business growth, enhancing the company's ability to manage continuing premiums and keep searching opportunities to work with new business partners, with the following details: PT BNI Life Insurance | Laporan Tahunan 2017 1. Business Expansion. Encouraging business growth in 2017 by pursuing significant new business growth, enhancing the company's ability to manage continuing premiums and keep searching opportunities to work with new business partners. 2. Profit Management. 3. Operational Excellence. 4. Strong Fundamental Structure. a. Bancassurance distribution channel: • increasing the productivity of sales force, and (2) expanding through Worksite and Affinity units. • Employee Benefits: (1) further develop the Employee Benefits distribution channel business banking, and (2) improve the productivity of sales force. • Agency distribution channels: (1) increasing the number of sales force, and (2) increasing the productivity of sales force. • Increasing the continuing premium by improving Persistence Ratio and Collection Ratio. • Business Development: viewing, learning and creating new business opportunities to improve the company’s current performance, including collaborating with new business partners.
  139. Tinjauan Bisnis Business Review Manajemen Laba Mengoptimalkan keuntungan Perseroan dengan : a.Meningkatkan keuntungan operasional. b.Menjaga agar performance investasi memberikan hasil yang excellent dengan tetap mempertimbangkan prinsip pengelolaan risiko yang berhati-hati. c. Profitable Product Pricing & Development. d.Mengendalikan pengeluaran Perseroan (OPEX dan CAPEX). 2. Profit Management Optimizing the company’s profits by: a. Increasing operational profit. b. Maintaining the investment performance to produce excellent results while taking into account the prudent risk management principles. c. Profitable Product Pricing & Development. d. Controlling corporate spending (OPEX and CAPEX). 3. Operational Excellence Terus meningkatkan kemampuan operasional Perseroan dengan: a.Memberikan layanan kepada nasabah dengan cepat, handal dan ramah. b.Membangun infrastruktur dan standar operasi untuk keperluan jangka panjang. 3. Operational Excellence Continue to improve the company's operational capability by: a. Providing services to customers in a quick, reliable and friendly manner. b. Building infrastructure and operating standards for long-term use. 4. Dasar Struktur Kuat a.Meningkatkan kualitas lingkungan kerja. b.Human Resources Reinforcement. 4. Strong Fundamental Structure a. Improving the quality of work environment. b. Human Resources Reinforcement. 5. Kuat dan perusahaan tata kelola pemerintahan dan kontrol risiko. 5. Strong and firm governance and risk control. Sejalan dengan penerapan strategi tersebut, BNI Life juga telah menetapkan target jangka pendek dan menengah periode 2017-2019 yang hendak dicapai. In line with the implementation of the strategy, BNI Life has also set short and medium-term goals for 2017-2019 period to be achieved. Target 2017 adalah sebagai berikut: 1. Total Aset: Rp19,0 triliun. 2. Perolehan Total Premi Bruto (produk konvensional dan unit link selain Syariah): Rp7,3 triliun. 3. Laba Bersih: Rp427,7 miliar. 4. RBC: 806% 5. Meluncurkan 13 produk baru, di mana: 9 produk untuk saluran distribusi Bancassurance dan Agency, 3 produk untuk saluran distribusi Affinity dan 1 produk untuk saluran distribusi Employee Benefits. 6. Perpindahan kantor pusat. 7. Memulai project pengembangan new core system untuk pengaplikasian bisnis pada tahun 2017. The 2017 Targets are as follows: 1. Total Assets: Rp19.0 trillion. 2. Total Gross Premium (conventional and unit linked products - other than sharia): Rp7.3 trillion. 3. Net Profit: Rp427.7 billion. 4. RBC: 806% 5. Launch 13 new products, namely: 9 products for Bancassurance and Agency distribution channel, 3 products for Affinity distribution channel and 1 product for Employee Benefits distribution channel. Target Perseroan jangka menengah tahun 2018 dan 2019 adalah: Total Aset sebesar Rp22,0 triliun dan Rp28,8 triliun, Total Premi Bruto sebesar Rp8,8 triliun dan Rp12,6 triliun, serta Laba Bersih sebesar Rp750,6 miliar dan Rp1.079,0 miliar. The company’s medium-term targets in 2018 and 2019 are: Total Assets of Rp22.0 trillion and Rp28.8 trillion, Total Gross Premiums of Rp8.8 trillion and Rp12.6 trillion and Net Income of Rp750,6 billion and Rp1,079.0 billion. Sedangkan target jangka pendek dan jangka menengah untuk unit Syariah adalah sebagai berikut: While short-term and medium-term targets for sharia units are as follows: Target 2017 adalah sebagai berikut: 1. Total aset termasuk dari kelolaan produk unit link: Rp560,70 miliar. 2. Total kontribusi/premi bruto: Rp381 miliar. 3. Laba bersih: Rp35,04 miliar. 4. Solvabilitas Dana Tabaru: 67%. 5. Dana Tabaru: Rp17,48 miliar. 6. Memulai project pengembangan new core system untuk pengaplikasian bisnis pada tahun 2018. The 2017 targets are as follows: 1. Total assets including from managed unitlink products: Rp560.70 billion. 2. Total contribution gross/premium: Rp381 billion. 3. Net profit: Rp35.04 billion. 4. Tabarru Funds Solvency: 67%. 5. Tabarru Funds: Rp17.48 billion. 6. Starting a new core system development project for business application in 2018. Management Discussion and Analysis 2. 6. Moving the location of head office. 7. Starting a new core system development project for business application in 2017. Annual Report 2017 | PT BNI Life Insurance 139
  140. Tinjauan Bisnis Business Review Analisis dan Pembahasan Manajemen Untuk jangka menengah (tahun 2019), target Perseroan untuk unit usaha Syariah berturut-turut adalah: total aset Rp948,28 miliar, total kontribusi bruto Rp665 miliar dan perolehan laba bersih sebesar Rp75 miliar. For the medium-term (in 2019), the company's target for sharia business units are: total assets of Rp948.28 billion, total gross contribution of Rp665 billion and net profit of Rp75 billion. TINJAUAN PER SEGMEN OPERASI OPERATING SEGMENT REVIEW BNI Life memiliki segmen usaha konvensional dan Syariah, yang digabung sebagai satu segmen operasi pada laporan keuangan tahun 2017. BNI Life has conventional and sharia business segment, combined as one operating segment in its 2017 financial statements. Segmen usaha konvensional memiliki tiga saluran distribusi, yaitu; Agency, Bancassurance, dan Employee Benefits. The conventional business segment has three distribution channels, namely; Agency, Bancassurance, and Employee Benefits. Berikut pembahasan atas saluran distribusi tersebut: Below is the description of the distribution channel: AGENCY AGENCY Divisi Agency di BNI Life adalah salah satu unit bisnis di BNI Life yang bertanggung jawab melaksanakan perencanaan, penjualan dan pemasaran produk-produk BNI Life melalui penjalinan kemitraan dengan tenaga pemasar atau yang umumnya disebut agen asuransi jiwa. The Agency Division at BNI Life is one of the business units in BNI Life that is responsible for implementing the planning, sales and marketing of BNI Life products through the establishment of partnerships with sales force or so-called life insurance agents. Strategi Divisi Agency Agency Division Strategy Pada saluran distribusi Agency, telah disiapkan sejumlah strategi untuk pencapaian target bisnis pada tahun 2018 seperti: In the Agency's distribution channel, several strategies for achieving 2018 business targets have been prepared: 1. Rekrutmen tenaga pemasar (Leader/agen) Agency yang dilakukan secara organik dan inorganik. Ekspansi bisnis pada kota-kota potensial. Peluncuran produk unit-link baru yang sejalan dengan arah Perseroan. 1. Recruitment of organic and inorganic sales force (Leader/agent) of Agency. 2. Business expansion in potential cities. 3. The launch of new unit-link products that are in line with the direction of the Company. Jumlah tenaga pemasar yang berlisensi sampai dengan bulan Desember 2017 adalah 2.643 agen. Jumlah tersebut diperoleh dari dari hasil perekrutan tahun 2017 maupun tenaga pemasar yang masih aktif dari tahun-tahun sebelumnya. Jumlah tenaga pemasar tersebut terdiri jenjang Agency Director (AD), Agency Branch Manager (ABM), Agency Sales Manager (ASM), dan Financial Consultant (FC).  The number of licensed sales force until December 2017 was 2,643 agents. The amount is resulted from the recruitment in 2017 and sales force that are still active from previous year. The sales force consists of Agency Director (AD), Agency Branch Manager (ABM), Agency Sales Manager (ASM), and Financial Consultant (FC). Tenaga pemasar Agency berkantor di kantor pemasaran maupun kantor pemasaran mandiri yang tersebar di beberapa kota di Indonesia. Adapun daftar kantor pemasaran dan kantor pemasaran mandiri Divisi Agency BNI Life adalah sebagai berikut: The office of Agency sales force is at marketing offices and independent marketing offices spread across several cities in Indonesia. The list of marketing offices and independent marketing offices of BNI Life Agency Division are as follows: 2. 3. No 1 140 KP/KPM KP. Balikpapan No 22 KP/KPM KPM. Bangka Baru No 43 KP/KPM KPM. Magelang Mertoyudan 2 KP. Bandung 1 23 KPM. Bandung Dago 44 KPM. Malang 3 KP. Denpasar 24 KPM. Banjarnegara Kota 45 KPM. Manado 2 4 KP. Jakarta 1 25 KPM. Bantul Kota 46 KPM. Medan 1 5 KP. Jakarta 4 26 KPM. Banyuwangi 47 KPM. Metro Lampung 6 KP. Jakarta Timur 27 KPM. Bima Karara 48 KPM. Pangkal Pinang Pusat 7 KP. Kupang 28 KPM. Bengkulu 2 49 KPM. Pasuruan 8 KP. Lampung 1 29 KPM. CIlacap 50 KPM. Pati Kota 9 KP. Makasar 30 KPM. Cirebon 2 51 KPM. Pekalongan Selatan 10 KP. Medan 3 31 KPM. Denpasar Utara 52 KPM. Ponorogo Kota 11 KP. Palembang 1 32 KPM. Depok Cinere 53 KPM. Pontianak Sentarum PT BNI Life Insurance | Laporan Tahunan 2017
  141. Tinjauan Bisnis Business Review No 12 KP /KPM No KP. Pekanbaru 33 KP/KPM KPM. Gunung Sitoli No 54 KP/KPM KPM. Purwokerto Utara KP. Semarang 2 34 KPM. Jambi Kota 55 KPM. Samarinda Kota KP. Solo 2 35 KPM. Kebumen Kota 56 KPM. Sumenep Kota 15 KP. Surabaya 1 36 KPM. Kediri 57 KPM. Tangerang Serpong 16 KP. Surabaya 2 37 KPM. Kediri Kota 58 KPM. Tasikmalaya 1 17 KP. Yogyakarta 2 38 KPM Kendali Kota 59 KPM. Tegal Kota 18 KPM. Banda Aceh 2 39 KPM. Lampung Bandar Jaya 60 KPM. Wonosobo Kota 19 KPM. Banda Aceh 3 40 KPM. Lombok Timur 61 KPM. Yogyakarta 2 20 KPM. Bandar Lampung Kota 41 KPM. Madiun 62 KPM. Yogyakarta 3 21 KPM. Bandar Lampung Sukabumi 42 KPM. Madiun Diponegoro 63 KPM. Cianjur Bypass Produk-produk Agency yang saat ini dipasarkan adalah: Agency's products currently marketed are: No 1 Nama Produk Name of Product BNI Life Spectra Double Power Tipe Produk Type of Product Hybrid Endowment Masa Pembayaran Premi Premium Payment Period Premi Minimal Minimum Premium 25.000.000 5 dan 10 thn 5 and 10 years Memberikan gabungan manfaat meninggal dan manfaat hidup serta nilai tunai Provides combined benefits of death and life benefits as well as cash value 5 s/d 20 thn 5 until 20 years Memberikan manfaat asuransi kematian dan berfungsi sebagai tabungan Provides death insurance benefits and serves as a savings account 1 thn 1 year Memberikan manfaat asuransi kematian secara komprehensif Provides comprehensive death insurance benefits 5 thn 5 years Program asuransi kesehatan yang memberikan proteksi bagi tertanggung yang menjalani rawat inap di rumah sakit yang diakibatkan oleh Penyakit termasuk didalamnya proteksi ekonomi terhadap risiko kematian serta pengembalian premi pada akhir kontrak asuransi Health insurance program that provides protection for the insured who is hospitalized caused by the Disease including the economic protection against the risk of death as well as the return of the premium at the end of the insurance contract 5 s/d 20 thn 5 until 20 years Memberikan manfaat asuransi kematian secara komprehensif Provides comprehensive death insurance benefits 5 s/d 20 thn 5 until 20 years Memberikan perlindungan seumur hidup terhadap nilai ekonomi seseorang jika terjadi resiko meninggal baik karena kecelakaan maupun bukan kecelakaan Provides lifetime protection to the economic value of a person in the event of risk of death either by accident or non-accident 2 BLife Double Protection Endowment Regular dan sekaligus Regular and single 3 BLife Fixed Protection Kematian Ekawarsa Sekaligus Single 200.000 4 5 6 7 BLife Optima Medica BLife Optima Protection BLife Protect Plus BLife Smart Education Regular Regular 871.000.000/tahun (tergantung usia) 871,000,000/year (depends on age) Kematian Berjangka Regular dan sekaligus Regular and single Premi berkala : 200.000/ transaksi Premi sekaligus : 2.000.000 Regular premium: 200,000/transaction Single premium: 2,000,000 Whole life Regular dan sekaligus Regular and single Tergantung masa pembayaran premi dan masa asuransi Depends on premium payment period and insurance period Regular dan sekaligus Regular and single Premi sekaligus : 10.000.000 Premi tahunan : 1.500.000 Premi semester : 780.000 Premi triwulan : 400.000 Premi bulanan : 200.000 Single premium: 10,000,000 Annual Premium: 1,500,000 Semi-annual premium: 780,000 Quarterly premium: 400,000 Monthly premium: 200,000 Dwiguna Kombinasi Endowment and Combination Gambaran Description Sekaligus Single Premi berkala : 300.000/ transaksi Premi sekaligus : 2.000.000 Regular premium: 300,000/transaction Single premium: 2,000,000 Dwiguna Kombinasi Masa Asuransi Insurance Period Management Discussion and Analysis 13 14 Memberikan proteksi ekonomi terhadap risiko kematian serta menyediakan dana pendidikan anak (penerima beasiswa) berupa tahapan biaya pendidikan dan pembayaran berkala Provides economic protection against the risks of death and provides education funds for children (scholarship recipients) in the form of tuition fees and periodic payments Annual Report 2017 | PT BNI Life Insurance 141
  142. Tinjauan Bisnis Business Review Analisis dan Pembahasan Manajemen No 8 9 10 11 142 Nama Produk Name of Product BLife Smart Protection Spectra Health Care BLife Spectra Link BNI Life Spectra Pro Tipe Produk Type of Product Whole life Kesehatan Unit Link Unit Link Masa Pembayaran Premi Premium Payment Period Premi Minimal Minimum Premium Masa Asuransi Insurance Period Gambaran Description Premi berkala : 300.000/ transaksi Premi sekaligus : 2.000.000 5 s/d 20 thn 5 until 20 years Memberikan manfaat asuransi kematian Provides death insurance benefits Regular Regular Tergantung usia dan plan Depends on age and plan Program asuransi kesehatan yang memberikan proteksi bagi tertanggung yang menjalani rawat inap, rawat jalan dan manfaat melahirkan di rumah sakit yang diakibatkan oleh penyakit maupun 1 thn dan kecelakaan termasuk didalamnya proteksi ekonomi terhadap risiko diperpanjang kematian 1 year and extend Health insurance programs that provides protection for the insured who undergo inpatient, outpatient and maternity benefits in hospital caused by illness or accident including the economic protection against the risk of death Regular dan sekaligus Regular and single Premi sekaligus : 10.000.000/USD 2.000 Premi tahunan : 1.500.000/USD 300 Premi semester : 800.000/ USD 150 Premi triwulan : 400.000/ USD 75 Premi bulanan : 200.000/ USD 25 Single premium: 10,000,000 / USD 2,000 Annual Premium: 1,500,000 / USD 300 Semi-annual premium: 800,000 / USD 150 Quarterly premium: 400,000 / USD 75 Monthly premium: 200,000 / USD 25 s/d usia tertanggung 90 thn until the insured reaches the age of 90 years Manfaat hidup : jika tertanggung hidup sampai akhir masa asuransi maka akan dibayarkan nilai investasi Manfaat meninggal dunia : jika tertanggung meninggal dunia dalam masa asuransi maka akan dibayarkan UP ditambah nilai investasi selanjutnya pertanggungan berakhir Life benefits: if the insured lives until the end of the insurance period the value of investment will be paid. Death benefits: if the insured dies within the insurance period, UP plus the value of the next investment coverage will be paid s/d usia tertanggung 100 thn until the insured reaches the age of 100 years Memberikan proteksi kematian dan akumulasi dana, dimana pemegang polis secara langsung terlibat dalam menentukan pilihan dana untuk memaksimalkan hasil investasi sesuai dengan profil risiko pemegang polis dan lebih fleksibel dengan pembayaran premi sekaligus Provides death protection and accumulation of funds, in which policyholders are directly involved in determining funding options to maximize return on investment in accordance with the policyholder's risk profile and more flexibly with single premium payment Regular dan sekaligus Regular and single Sekaligus Single 10.000.000/USD 1.000 Kinerja Divisi Agency Agency Division Performance Pada tahun 2017, Divisi Agency membukukan pendapatan premi kotor (gross premium) sebesar Rp331,9 miliar, dengan pencapaian premi new business sebesar Rp238,4 miliar dan premi renewal sebesar Rp93,5 miliar. In 2017, the Agency division recorded gross premium income of Rp331.9 billion, with new business premium achievement of Rp238.4 billion and renewal premium of Rp93.5 billion. Target premi bisnis baru channel distribusi Agency tahun 2018 adalah sebesar Rp453 miliar, dimana Rp201 miliar merupakan premi bisnis baru sekaligus dan Rp252 miliar adalah premi bisnis baru reguler. The target of new business premiums of agency distribution channel in 2018 is Rp453 billion, of which Rp201 billion is new single business premium and Rp252 billion is new regular business premium. BANCASSURANCE BANCASSURANCE Bancassurance merupakan saluran distribusi di mana pemasaran produk-produk BNI Life dilakukan bekerja sama dengan pihak bank. Bancassurance menjadi kontributor utama laba Perusahaan, termasuk memberikan fee based income kepada BNI selaku Perusahaan induk. Bancassurance is a distribution channel where the marketing of BNI Life’s products is carried out in collaboration with banks. Bancassurance has become the main contributor to the Company’s profit as well as generated fee based income for BNI as the Parent Company. Produk utama Bancassurance yang dipasarkan melalui 4 (empat) saluran sub distribusi, yaitu In Branch, Telemarketing, Asuransi Jiwa Kredit dan Bundling. The Bancassurance’s main products that are offered through 4 (four) sub-distribution channels, namely In Branch, Telemarketing, Credit Life Insurance, and Bundling. PT BNI Life Insurance | Laporan Tahunan 2017
  143. Tinjauan Bisnis Business Review IN BRANCH Fungsi Divisi Bancassurance In Branch adalah melakukan kerja sama dengan pihak Bank untuk memasarkan produk Asuransi Jiwa kepada nasabah-nasabah Bank . Produk-produk Bancassurance yang ditawarkan atau dipasarkan kepada nasabah Bank BNI sebagai mitra bisnis. The function of Bancassurance In Branch Division is to cooperate with Banks to market Life Insurance products to the Bank’s customers. Bancassurance products are offered or marketed to Bank BNI's customers as business partner. Strategi Bisnis Business strategy Tahun 2017, setidaknya ada 4 bidang yang menjadi fokus bisnis Divisi Bancassurace In Branch, yaitu: In 2017, there were at least 4 areas that become the business focus of Bancassurance In Branch Division, namely: 1. 1. Gross Premium To increase gross premiums, the Bancassurance In Branch Division undertook: a. Focusing on selling single premium products (Maksima Pro & Hy End Pro). b. Walk-in customers' monitoring was enhanced through Regular Link Unit Products. c. Adding Optima Saving product. d. Organizing Customer Gathering and Hi Tea Program 2. 3. 4. Premi Bruto Untuk meningkatkan premi bruto, Divisi Bancassurace In Branch melakukan: a. Fokus menjual produk premi tunggal (Maksima Pro & Hy End Pro). b. Pemantauan walk-in customers selanjutnya ditingkatkan melalui Produk Unit Link Reguler. c. Produk tambahan Optima Saving. d. Menyelenggarakan acara Customer Gathering dan Program Hi Tea Fee Based Income Untuk meningkatkan fee based income dengan meningkatkan fokus dalam memasarkan produk unit link reguler dan meningkatkan marjin premi dasar. Closing Ratio Meningkatkan closing ratio menjadi 27% Case Size a. Fokus dalam memasarkan produk premi tunggal (Maxima Pro & Hy End Pro) b. Fokus menggarap segmen prioritas dengan bekerja sama dengan tim pemasar BNI Management Discussion and Analysis IN BRANCH 2. Fee Based Income Increase fee based income by increasing focus in marketing regular unit link products and increasing basic premium margins. 3. Closing Ratio Increase the closing ratio to 27% 4. Case Size a. Focusing in marketing single premium products (Maxima Pro & Hy End Pro) b. Focusing to work on priority segments by working with BNI’s marketing team Kinerja In Branch In Branch Performance Tahun 2017, Divisi Bancassurance In Branch mencatat kinerja yang sangat memuaskan. Premi Bruto yang dibukukan tahun 2017 mencapai Rp3.497 miliar, meningkat 23,8% dibandingkan tahun sebelumnya dan mencapai 90,5% dari target yang ditetapkan. Demikian juga dengan perolehan fee based income yang tumbuh 24,4% dibandingkan tahun sebelumnya menjadi Rp192 miliar. In 2017, the Bancassurance In Branch division recorded a very satisfactory performance. Gross premium recorded in 2017 reached Rp3,497 billion, an increase of 23.8% compared to the previous year and reached 90.5% of the target set. Similarly, fee-based income grew 24.4% over the previous year to Rp192 billion. dalam miliar Rupiah in million Rupiah Produk Product Premi Bruto Gross Premium Fee Based Income Fee Based Income Realisasi 2016 2016 Realization 2017 Target Target Pencapaian Target Target Achievement Realisasi Realization Pertumbuhan (Penurunan) Increase (Decrease) 2.825 3.863 3.497 90,5% 23,8% 155 285 192 67,5% 24,4% Prospek Usaha Business Prospects Bancassurance In Branch masih memiliki potensi yang sangat besar, mengingat jumlah nasabah bank yang belum terjaring dalam program ini masih sangat besar. Untuk itu, Perseroan akan terus mengoptimalkan tim tenaga pemasar untuk meraih pangsa pasar yang lebih besar lagi. Bancassurance In Branch still has enormous potential, considering the number of bank customers who have not been acquired in this program is still very large. To that end, the Company will continue to optimize its sales force team to gain greater market share. Annual Report 2017 | PT BNI Life Insurance 143
  144. Tinjauan Bisnis Business Review Analisis dan Pembahasan Manajemen Perseroan memasang target meraih premi bruto dari Bancassurance In Branch sebesar Rp5 .009 miliar dan pendapatan fee based income sebesar Rp316 miliar. The company set a target of reaching the gross premium of Bancassurance In Branch amounting to Rp5,009 billion and fee-based income of Rp316 billion. Untuk mencapai target tersebut, Perseroan akan mempertajam aktivitas pemasaran yang selama ini sudah dilakukan, yaitu melalui customer gathering, hi tea, emerald & affluent dan walk in customer. To achieve those targets, the Company will sharpen the marketing activities that have been undertaken, namely through customer gathering, hi tea, emerald & affluent and walk in customer. TELEMARKETING TELEMARKETING Segmentasi dan target pasar Telemarketing terbagi menjadi 2 bagian, yaitu: 1. Nasabah Bank BNI yang mempunyai Saving Account atau Kartu Kredit dengan adanya minimum requirement yang dibutuhkan oleh BNI Life seperti effective balance, min limit, umur dan dll. 2. NON BNI : Pengguna kartu kredit aktif yang sudah mendapatkan consent dari Nasabah. Segmentation and target market of Telemarketing is divided into 2 category, namely: 1. Customers of Bank BNI who have Saving Account or Credit Card with minimum requirement required by BNI Life, such as effective balance, min limit, age and so on. 2. NON BNI: Active credit card user who has received consent from Customer. Strategi Bisnis Business Strategy Strategi Telemarketing tahun 2017: 1. Segmentasi database berdasarkan average balance untuk bisnis saving dan berdasarkan variant (jenis kartu) dan program untuk bisnis kartu kredit 2. Mengimplementasikan penawaran produk berdasarkan average balance dan disesuaikan dengan grade telesales dan tipe produk 3. Kolaborasi program yang lebih efektif dengan unit kartu kredit untuk meningkatkan penggunaan kartu kredit BNI 4. Perekrutan calon tenaga pemasar yang mempunyai pengalaman di Telemarketing 5. Mengembangkan kemampuan tenaga pemasar dan manage turn over dengan teknik pelatihan pemasar dan supervisor yang komprehensif dan mengimplementasikan scheme commission yang menarik 6. Meluncurkan produk-produk baru secara berkala  Telemarketing Strategy in 2017: 1. Database segmentation by average balance for saving business and by variant (type of card) and program for credit card business Kinerja Telemarketing 2017 Telemarketing Performance in 2017 Tahun 2017, Telemarketing mencatat kinerja yang cukup baik, yaitu dengan membukukan premi bruto dari bisnis baru sebesar Rp404,8 miliar. Jumlah tersebut mengalami peningkatan sebesar 19,6% dibandingkan tahun sebelumnya dan mencapai 101,2% dari target yang ditetapkan. In 2017, Telemarketing recorded a good performance, by posting a gross premium of new business amounting to Rp404.8 billion. The figure has increased by 19.6% compared to the previous year and reached 101.2% of the target set. 2. Implement product offerings based on average balance and adjusted for telesales grade and product type 3. More effective collaboration of programs with credit card units to increase the use of BNI credit cards 4. Recruitment of prospective sales force with experience in Telemarketing 5. Develop skills of sales force and manage turn over with comprehensive training techniques for sales force and supervisor, as well as implement attractive commission scheme 6. Launch new products periodically dalam miliar Rupiah in million Rupiah Channel Channel Realisasi 2016 2016 Realization Saving Credit Card - PP Credit Card - Non PP Non BNI Total 144 2017 Target Target Pencapaian Target Target Achievement Realisasi Realization Pertumbuhan (Penurunan) Increase (Decrease) 72,6 106,1 82,9 78,1% 258,6 245,9 293,5 119,4% 13,5% 7,3 17,8 28,5 160,1% 290,4% 0,0 30,1 0,0 0,0% 0,0% 338,5 400,0 404,8 101,2% 19,6% Prospek Bisnis Telemarketing Telemarketing Business Prospects 1. 2. 3. 4. 1. 2. 3. 4. Target premi bruto dari bisnis baru Rp449,7 miliar Fokus kepada kualitas database dan kualitas sales Mengembangkan bisnis NON BNI Fokus kepada produk yang kompetitif dan dapat meningkatkan persistensi PT BNI Life Insurance | Laporan Tahunan 2017 14,2% Target gross premium of new business Rp449,7 billion Focus on database quality and sales quality Develop NON BNI business Focus on competitive products that can increase persistence
  145. Tinjauan Bisnis Business Review CREDIT LIFE Bancassurance Credit Life Department berfungsi untuk memberikan jaminan pembayaran Uang Asuransi yang diberikan kepada pihak bank /lembaga pembiayaan keuangan apabila Debitur/Tertaggung mengalami resiko meninggal dunia atau catat tetap total sehingga debitur tidak dapat melunasi kredit yang tertagih atas pinjaman yang diberikan oleh Bank atau lembaga pembiayaan keuangan. Bancassurance Credit Life Department serves to provide guarantee coverage of the Insurance Money given to the bank/financial institution if the Debtor/Insured has a death risk or permanent disability so that he/ she cannot repay the collected credit on the loan provided by the bank or financial institution. Adapun manfaat bagi Bank atau Lembaga Pembiayaan Keuangan yaitu mengurangi default rate (gagal bayar) yang disebabkan karena Debitur/ Tertanggung meninggal dunia dan tidak perlu melakukan penagihan pembayaran sisa saldo pinjaman Debitur kepada Ahli Waris. The benefits for the Bank or Financial Institution is to reduce the default rate due to the death of Debtor/Insured and collecting the remaining balance payment of the Debtor’s loan to the Beneficiary is no longer needed. Sedangkan manfaat bagi Tertanggung yaitu menjamin pelunasan sisa saldo pinjaman Debitur/Tertanggung yang ditagihkan oleh Bank atau lembaga pembiyaan keuangan jika terjadi resiko meninggal dunia sehingga debitur/Tertanggung tidak kehilangan agunan pinjaman. While the benefit for the Insured is to guarantee the repayment of the remaining balance of Debtor/Insured’s loan collected by the Bank or financial institution in case of risk of death so that the Debtor/Insured does not lose the loan collateral. Strategi Bisnis Business Strategy Secara umum, strategi bisnis Divisi Credit Life tahun 2017 adalah sebagai berikut: 1. Melakukan ekspansi bisnis ke kredit Produktif BNI 2. Melakukan kerjasama dengan multifinance seperti Adira dan Clipan 3. Mengeluarkan produk baru untuk BWU dan KUR 4. Host to Host online system untuk meningkatkan pelayanan real time In general, business strategies of Credit Life Division in 2017 were as follows: 1. Expand business to BNI’s productive credit 2. Cooperate with multifinance such as Adira and Clipan Kinerja Credit Life 2017 Credit Life Performance in 2017 Pencapaian kinerja premi bruto divisi Credit Life tahun 2017 hanya mencapai 79,7% dari target yang ditetapkan. Jika dibandingkan dengan tahun sebelumnya mengalami pertumbuhan sebesar 48,1% yaitu dari Rp161 miliar pada tahun 2016 menjadi Rp239 miliar pada tahun 2017. hal ini sejalan dengan pencapaian fee based income sebesar 81,5% dari target yang ditetapkan dan bertumbuh sebesar 42,0% dari tahun lalu. The Credit Life Division performance achievement of gross premium in 2017 only reached 79.7% of the target set. However, compared to the previous year, it recorded a growth of 48.1%, from Rp161 billion in 2016 to Rp239 billion in 2017. this inline with the achievement of fee based income for 81.5% of target set and grow for 42.0% compared to previous year. Management Discussion and Analysis CREDIT LIFE 3. Issue new product for BWU and KUR 4. Host to Host online system to improve real time service dalam miliar Rupiah in million Rupiah Produk Product 2017 Realisasi 2016 2016 Realization Premi Bruto Fee Based Income Target Target Pertumbuhan (Penurunan) Increase (Decrease) Pencapaian Target Target Achievement Realisasi Realization 161 300 239 79,7% 48,1% 38 67 55 81,5% 42,0% Prospek Bisnis Credit Life Credit Life Business Prospects 1. 1. Credit Life Credit Taspen Fleksi with new rate and new underwriting scheme 2. Credit Life Credit Griya expands for a period of 25 years. 2. 3. 4. Credit Life Credit Fleksi Taspen dengan rate baru dan skema underwriting baru Credit Life Credit Griya mengembangkan sampai jangka waktu 25 tahun. Credit Life Cover Kredit BNI (Griya dan Flexy) dengan type kredit revelvoing. Memiliki 16 Variant produk untuk memenuhi kebutuhan market. 3. Credit Life Cover Credit BNI (Griya and Flexy) with revelvoing credit type. 4. Has 16 variant products to meet market needs. Annual Report 2017 | PT BNI Life Insurance 145
  146. Tinjauan Bisnis Business Review Analisis dan Pembahasan Manajemen BUNDLING BUNDLING Bundling segmentasi : adalah nasabah yang membuka tabungan berjangka di Bank BNI. Peran Asuransi Bundling (Tapenas) adalah apabila terjadi resiko meninggal dunia dan nasabah tidak dapat melanjutkan setoran bulanan tabungan berjangka tersebut, maka BNI Life akan melanjutkan pembayarannya sehingga ahli waris tetap mendapatkan manfaat sesuai yang telah di rencanakan nasabah. Bundling segmentation: customers who open savings account in Bank BNI. The Role of Bundling Insurance (Tapenas) is in the event of death risk and the customer is unable to continue the monthly deposit of the savings account, BNI Life will continue its payment so that the heirs still get the benefits as planned by the customer. Bundling yang memiliki korelasi dengan Bancassurance Credit Life Department berfungsi untuk membangun kerja sama dengan Bank ataupun Non Bank untuk membuat produk asuransi yang akan melekat pada produk Bank ataupun Non Bank tersebut menjadi satu paket penjualan, sehingga model penjualan yang digunakan adalah integrasi produk. Bundling that has correlation with Bancassurance Credit Life Department serves to build cooperation with Bank or Non Bank to create insurance product that will be attached to the product of the Bank or Non Bank into a sales package, so the sales model used is product integration. Strategi Bisnis Business Strategy Strategi tahun 2017, Tabungan berjangka masih difokuskan dijual di seluruh cabang Bank BNI dan untuk meningkatkan jumlah new account tapenas, Bank BNI menyelenggarakan Program Reward dengan nama “Kado Merdeka” diluncurkan pada saat hari kemerdekaan. Strategy in 2017, still focused to sell Savings Account in all branches of Bank BNI and to increase the number of new tapenas accounts, Bank BNI held a Reward Program under the name "Kado Merdeka" that was launched on the commemoration of independence day. Kinerja Tahun 2017 Performance in 2017 Divisi Bundling tahun 2017 berhasil membukukan premi bruto sebesar Rp9,7 miliar, meningkat 12,5% dibandingkan tahun sebelumnya. Namun demikian, pencapaian tersebut hanya setara dengan 74,9% dari target yang ditetapkan. In 2017, Bundling Division managed to record gross premium of Rp9.7 billion, an increase of 12.5% over the previous year. However, the achievement was only equivalent to 74.9% of the target set. dalam miliar Rupiah in million Rupiah Produk Product 146 2017 Realisasi 2016 2016 Realization Target Target Pencapaian Target Target Achievement Realisasi Realization Pertumbuhan (Penurunan) Increase (Decrease) Premi Bruto 8,6 12,9 9,7 74,9% 12,5% Fee Based Income 1,9 2,8 1,9 65,7% 0,4% Prospek Bisnis Bundling Bundling Business Prospects Tahun 2018 Divisi Bundling akan tetap fokus pada Tabungan TAPENAS. Namun di tahun 2018 akan ada penambahan jenis tabungan berjangka baru untuk segmen Anak Muda dengan nama Tabungan SiMuda RumahKu. In 2018, Bundling Division will remain focused on TAPENAS Savings. However, in 2018 there will be additional new savings for the Young People segment with the name of Tabungan SiMuda RumahKu. WORKSITE WORKSITE BNI Life melayani perusahaan yang telah menjadi nasabah korporasi PT Bank Negara Indonesia (Persero) Tbk. untuk memberikan layanan perencanaan keuangan yang menyeluruh bagi karyawan pada suatu perusahaan. Peran Worksite adalah sebagai solusi perencana masa depan pribadi dan keluarga untuk mendapatkan perlindungan jiwa dan kesehatan sebagai sumber penghasilan keluarga. BNI Life serves companies that have been corporate customers of PT Bank Negara Indonesia (Persero) Tbk. to provide comprehensive financial planning services for employees in the company. The role of Worksite is as a personal and family future planning solution of life and health protection as a source of family income. Worksite marketing bertujuan untuk merekomendasikan serta melakukan penjualan produk Asuransi jiwa individu kepada sekelompok orang yang memiliki keterkaitan dalam pekerjaan atau hubungan keanggotaan dalam suatu Badan Hukum Usaha lainnya. Worksite marketing aims to recommend and sell individual Life Insurance products to a group of people who have a relationship in employment or membership in an Enterprise Legal Entity. Strategi Bisnis Business Strategy Strategi bisnis Divisi Worksite tahun 2017 difokuskan pada 3 hal, yaitu: Business strategies of the Worksite Division in 2017 were focused on three things: PT BNI Life Insurance | Laporan Tahunan 2017
  147. Tinjauan Bisnis Business Review 1 . 3. 1. Gross Premium and Fee Based Income To achieve the growth of gross premium and fee-based income was done by: a. Marketing Single Premium product with minimum case size Rp200 Million. Product: Hy End Pro /Maksima Pro b. Increase the case count with regular premium sales of minimum case size Rp6 million (ANP) c. Held Hi Tea: 28 events 2. Referral a. Monitoring BAS Worksite to perform daily referral report and coordinate with Branch Manager/Leader of Head Office. BAS Worksite. With the target to visit 5 customers every day Management Discussion and Analysis 2. Premi Bruto dan Fee Based Income Untuk meraih pertumbuhan premi bruto dan fee based income dilakukan dengan cara: a. Pemasaran produk Single Premium dengan case size minimum Rp200 Juta. Produk: Hy End Pro/Maksima Pro b. Meningkatkan case count dengan penjualan regular premium minimum case size Rp6 uta (ANP) c. Melakukan Hi Tea : 28 event Referral a. Monitoring BAS Worksite untuk melakukan report referral secara harian dan melakukan koordinasi dengan Branch Manager /Pemimpin Sentra/Head Offfice. BAS Worksite. target ketemu 5 nasabah setiap hari b. Focus kepada Top Potential Company dan diskusi dengan CEO,HBB c. Target Closing Ratio min 20% Produk a. Product mix dan sesuai kebutuhan perusahaan (karyawan/ Senior Manager ke atas) b. New product dengan premi murah yang dapat dibundling (hospital cash plan, Criticall Illness dan Term Insurance c. Meningkatkan penjualan reguler produk b. Focus to Top Potential Company and discussions with the CEO, HBB c. Target Closing Ratio min 20% 3. Products a. Product mix and according to company needs (employee/Senior Manager and above) b. New product with inexpensive premium that can be bundled (hospital cash plan, Criticall Illness and Term Insurance c. Increase regular product sales Kinerja Divisi Worksite Business Worksite Business Division Performance Dalam rencana kerja Divisi Worksite, penetapan bisnis dan produk yang disesuaikan dengan potensi Perseroan melalui produk regular premium (tradisional dan unit link) yang ditujukan kepada karyawan- karyawan dan produk single premium seperti Hy End Pro dan Maksima Pro/ Maksima untuk Direktur/Debitur atau Level Senior Manajer ke atas. In the Worksite Division work plan, business and product stipulations tailored to the company's potential through regular premium (traditional and unit link) products that are targeted for employees and single premium products such as Hy End Pro and Maksima Pro/Maksima for Directors/ Debtors or Senior Manager Level and above. Prospek Usaha Business Prospects Prospek Bisnis untuk Worksite masih sangat besar, karena data perusahaan di BNI cukup banyak . Business Prospect for the Worksite is still very large, considering the plentiful company data available in BNI. Salah satu strategi Perseroan dalam menghadapai era digitalisasi di perbankan, worksite ini akan sangat ideal untuk bisnis karena dapat mengimplementasikan bisnis bank at work, karena nasabah/pegawai akan sedikit sekali mendatangi cabang/outlet Bank. One of the company's strategy in facing the digitalization era in banking, this worksite will be ideal for business because it can implement bank business at work, given the fact that customers/employees’ visit to branch/ outlet of a bank will be less frequent. Worksite dapat menjadi solusi bagi nasabah/karyawan untuk mendapati produk perbankan/asuransi di tempat kerja, karena ada team dari worksite yang akan melayani. Worksite can be a solution for customers/employees to find banking products/insurance in the workplace, because there are teams from worksite that will serve. EMPLOYEE BENEFIT EMPLOYEE BENEFIT Karyawan adalah salah satu aset terpenting bagi sebuah perusahaan. Oleh karenanya, program Kesejahteraan Karyawan (Employee Benefit) yang baik sangat direkomendasikan untuk menciptakan kenyamanan dan perlindungan lengkap bagi karyawan dan keluarganya terhadap berbagai risiko yang bisa saja terjadi. Melalui berbagai produk asuransinya, BNI Life memiliki program asuransi kumpulan yang mampu memenuhi kebutuhan perusahaan dalam hal kebutuhan asuransi kesehatan, asuransi jiwa dan asuransi kecelakaan diri serta program pemutusan hubungan kerja yang merupakan bagian yang tidak terpisahkan dari program Employee Benefits. Employees are one of the most important assets for a company. Therefore, a good Employee Benefit program is highly recommended to create complete contentment and protection for employees and their families against any possible risks. Through its various insurance products, BNI Life has a group insurance program that is able to meet the company’s needs in terms of health insurance, life insurance and personal accident insurance as well as employment termination program as an integral part of the Employee Benefits program. Annual Report 2017 | PT BNI Life Insurance 147
  148. Tinjauan Bisnis Business Review Analisis dan Pembahasan Manajemen Strategi Bisnis Business Strategy Dalam melakukan pemasaran , segmentasi market dibagi menjadi 2 bagian besar yaitu nasabah Captive dan Non Captive. Yang dimaksud dengan nasabah Captive adalah PT Bank Negara Indonesia (BNI) dan Non Captive adalah di luar BNI. Mulai tahun 2016, BNI Life dan BNI merasa perlu memberi perhatian khusus kepada perusahaanperusahaan yang merupakan nasabah corporate BNI secara khusus untuk kebutuhan program kesejahteraan karyawannya, sehingga dibentuklah divisi Employee Benefits Business Banking (EB BB) di BNI Life. Sementara untuk perusahaan-perusahaan yang bukan merupakan nasabah corporate BNI, akan di handle oleh Divisi Employee Benefit Open Market (EB OM). The market segmentation is divided into 2 major categories, namely Captive and Non Captive customers. Captive customer is within PT Bank Negara Indonesia (BNI), while Non Captive is other than BNI. Starting in 2016, BNI Life and BNI need to pay special attention to companies of BNI’s corporate customers in terms of their needs for employee welfare programs, so the Employee Benefit Business Banking (EB BB) division was established in BNI Life. As for companies that are not BNI’s corporate customers, will be handled by the Employee Benefit Open Market (EB OM) Division. Strategi Pemasaran di divisi EB BB adalah dengan melakukan koordinasi pihak BNI dan kunjungan bersama ke calon nasabah Corporate bersama dengan Relationship Manager (RM) BNI yang sebelumnya sudah memiliki hubungan baik dengan nasabah, di mana dengan strategi tersebut lebih memudahkan bagi tenaga pemasar BNI Life untuk dapat bertemu dan memberikan solusi program kesejahteraan karyawan kepada calon nasabah. Untuk EB OM, dalam melakukan pemasaran dibagi berdasarkan segmentasi dan karakteristik calon nasabah antara lain: 1. Channel Broker BNI Life dalam hal ini EB OM bekerjasama dengan broker-broker asuransi untuk memasarkan produk BNI Life kepada calon nasabah, secara khusus untuk nasabah-nasabah yang menunjuk broker sebagai konsultan dalam memilih produk asuransi yang akan digunakan. 2. Employee Benefit Consultant (EBC) Tenaga pemasar yang segmentasi pasarnya menengah ke bawah di luar nasabah-nasabah yang sudah memiliki kerja sama/ hubungan dengan Bank BNI 3. Alternatif Distribusi & Agency Memberdayakan sumber daya yang ada di BNI Life secara khusus divisi Agency, divisi EB OM juga membuka kesempatan bagi tenaga pemasar Agency (produk individu) untuk dapat melakukan penjualan produk-produk kumpulan. The Marketing Strategy in EB BB Division is to coordinate with BNI for joint visit to prospective Corporate customer together with BNI’s Relationship Manager (RM) who previously has had good relationship with the customer. With this strategy, it is easier for sales force of BNI Life to meet and provide employee welfare program solutions to prospective customers. For EB OM, the marketing is divided by segmentation and characteristics of prospective customers, among others: Jumlah tenaga pemasar yang memasarkan produk Employee Benefit tahun 2017 sebanyak 112 orang dengan perincian : 45 orang pemasar EB BB dan 67 orang pemasar EB OM. The number of sales force that have sold the Employee Benefit product in 2017 was 112 persons with details: 45 sales force of EB BB and 67 sales force of EB OM. Kinerja 2017 Performance in 2017 Selama tahun 2017, BNI Life melalui divisi EB BB dan EB OM berhasil memasarkan produk kepada nasabah baru sebesar Rp762,7 miliar dan Rp416,4 milliar premi lanjutan (Renewal) dengan perincian berdasarkan produk: During 2017, BNI Life through the EB BB and EB OM divisions managed to market the products to new customers amounting to Rp762.7 billion and Rp416.4 billion of renewal premium, with details based on the product as follows: 1. Channel Broker BNI Life in this case EB OM in cooperation with insurance brokers to market BNI Life products to prospective customers, specifically for customers who appoint brokers as consultant in choosing insurance products to be used. 2. Employee Benefit Consultant (EBC) Sales force whose market segmentation is middle-low other than customers who already have cooperation/relationship with Bank BNI 3. Alternative Distribution & Agency Empowering resources at BNI Life in particular the Agency division, EB OM division also opens opportunities for Agency sales force (individual products) to market the group products. dalam miliar Rupiah in million Rupiah Produk Product Optima Group Health Optima Group Life/Protection Optima Cash Plan Optima Group Saving Total 148 PT BNI Life Insurance | Laporan Tahunan 2017 Realisasi 2016 2016 Realization 2017 Target Target Realisasi Realization Pencapaian Target Target Achievement Pertumbuhan (Penurunan) Increase (Decrease) 398.876 1.050.778 647.889 61,7% 62,4%  36.705 77.148 33.028 42,8% (10,0%)  10 12.525 10.059 80,3% N/A  695.404 964.801 488.126 50,6% (29,8%)  1.130.995 2.105.252 1.179.102 56,0% 4,3%
  149. Tinjauan Bisnis Business Review The achievement of premium gross in 2017 increased by 4 .3% compared to the achievement of 2016’s premium gross. However, the achievement of Employee Benefit distribution channel performance in 2017 only reached 56.0% of the target set, due to this was due to increasingly tighter competition in the Employee Benefit market, where every insurance company is trying to provide better insurance services and more companies that divert their insurance services to BPJS. Prospek Bisnis Business Prospects Peluang bisnis employee benefit di tahun 2018 masih cukup besar, sehingga BNI Life masih mayakini akan adanya ruang untuk bertumbuh secara bisnis khususnya untuk akuisisi bisnis baru serta mempertahankan nasabah-nasabah yang sebelumnya sudah menggunakkan produk dan jasa BNI Life tetap menggunakan di tahun berikutnya. Salah satu strategi yang akan dijalankan di 2018 adalah dengan mengoptimalkan kerja sama dengan BNI yang merupakan bank partner BNI Life untuk menggarap dan penetrasi ke nasabah-nasabah korporasi BNI yang belum menggunakan produk employee benefit BNI Life sebagai salah satu program dalam memenuhi kebutuhan perusahaan. The employee benefit business prospects in 2018 are still large, so BNI Life believes that there are a huge space to grow in the business, especially for new business acquisitions and retain customers who previously have used products and services of BNI Life to remain as customers until the upcoming years. One of the strategies that will be implemented in 2018 is to optimize the cooperation with BNI as the partner bank of BNI Life to work on and penetrate BNI's corporate customers who have not used BNI Life’s employee benefit products as one of the programs aiming to fulfill the needs of the company. Untuk meningkatkan kompetensi tenaga pemasar Employee Benefit, BNI Life memberikan training-training yang berguna untuk meningkatkan knowledge dan kompetensi tenaga pemasar To improve the competencies of sales force of Employee Benefit, BNI Life provides useful training to increase their knowledge and competencies SYARIAH SHARIA BNI Life Unit Syariah memiliki 4 saluran distribusi penjualan, yaitu: 1. Employee Benefit Syariah Program asuransi yang ditujukan untuk memenuhi kebutuhan perusahaan dalam hal program kesejahteraan para karyawan di sebuah Perusahaan dengan prinsip Syariah. Saluran distribusi Employee Benefits Syariah adalah salah satu saluran distribusi di BNI Life yang memasarkan program kesejahteraan karyawan secara langsung ke Perusahaan/Korporasi. Sharia Unit of BNI Life has 4 sales distribution channels, namely: 1. Employee Benefit Sharia An insurance program intended to meet the needs of the company in terms of welfare programs of employees in a company with sharia principles. Employee Benefits Sharia distribution channel is one of BNI Life’s distribution channels that markets employee welfare programs directly to the Company/Corporation. Saat ini, Employee Benefits Syariah dipasarkan oleh 3 (tiga) sub saluran pemasaran, yaitu Agency & Alternative Distribution, Corporate Intermediary, dan Employee Benefits Consultant. Currently, Employee Benefits Sharia is marketed by 3 (three) submarketing channels, namely Agency & Alternative Distribution, Corporate Intermediary, and Employee Benefits Consultant. Credit Life & Bundling Saluran penjualan yang bekerja sama dengan lembaga pembiayaan bank dan non bank untuk melindungi asuransi jiwa peserta pembiayaan tersebut. Agency Syariah Saluran penjualan yang menjual produk individu dengan sistem keagenan di Kantor Pemasaran (KP) /Kantor Pemasaran Mandiri (KPM) di BNI Life. 2. Credit Life & Bundling Sales channel that works with bank and non-bank financial institutions to protect the life insurance of the financing participants. 3. Sharia Agency Sales channel that sells individual products with agency system at Marketing Office (KP)/Independent Marketing Office (KPM) at BNI Life. 2. 3. 4. Bancassurance Syariah Saluran penjualan yang menjual produk individu dengan bekerjasama dengan Bank Syariah melalui sistem referrensi bisnis. Management Discussion and Analysis Pencapaian premi bruto pada tahun di 2017 meningkat sebesar 4,3% dibandingkan dengan pencapaian premi bruto tahun 2016. Namun demikian, pencapaian kinerja saluran distribusi Employee Benefit tahun 2017 hanya mencapai 56,0% dari target yang ditetapkan, hal ini disebabkan oleh adanya kompetisi di market Employee Benefit yang semakin ketat, dimana banyak perusahaan memberikan layanan asuransi BPJS. 4. Bancassurance Sharia Sales channel that sells individual products in collaboration with Sharia Bank through business reference system. Strategi Bisnis Unit Syariah Sharia Business Unit Strategy Fokus strategi bisnis Unit Syariah BNI Life tahun 2017 adalah dengan melakukan strategi intensifikasi dan ekstensifikasi bisnis. The focus of Business Strategy of BNI Life Sharia Unit in 2017 is to conduct business intensification and extensification strategies. Annual Report 2017 | PT BNI Life Insurance 149
  150. Tinjauan Bisnis Business Review Analisis dan Pembahasan Manajemen 150 Strategi intensifikasi dilakukan dengan cara melakukan cross selling produk BNI Life Unit Syariah kepada existing nasabah dan peningkatan share bisnis . Strategi intensifikasi berhasil dilakukan di segmen bisnis corporate. Intensification strategy is done by cross selling products of BNI Life Sharia Unit to existing customers and increasing business share. The intensification strategy was successfully done in the corporate business segment. Produk yang dilakukan untuk cross selling seperti BLife Health Plan Syariah (Asuransi Kesehatan), BLife Ekawarsa Syariah (Group Term Life) dan Dana Hari Tua Syariah (Saving Plan). Sedangkan intensifikasi bisnis dengan cara peningkatan share bisnis pada produk BNI Life Asuransi Jiwa Pembiayaan Syariah dengan segmen perbankan melalui serangkaian program dan relationship. Sedangkan strategi ekstensifikasi dilakukan dengan penambahan saluran bisnis baru dan penambahan partner baru. Products for cross selling such as BLife Health Plan Sharia (Health Insurance), BLife Ekawarsa Sharia (Group Term Life) and Dana Hari Tua Sharia (Saving Plan). While the business intensification is done by increasing business share of products of BNI Life Insurance Sharia Financing with banking segment through a series of programs and relationships. While the extensification strategy is done by adding new business channels and adding new partners. Pada tahun 2017, BNI Life Unit Syariah sudah menambah saluran distribusi baru Bancassurance Syariah dalam penggarapan referral bisnis dari BNI Syariah yang sudah disetujui OJK kerja samanya. Jumlah outlet bancassurance Syariah tersebar di 49 cabang BNI Syariah. In 2017, BNI Life Unit Sharia has added a new distribution channel of Bancassurance Sharia in cultivating business referral from BNI Syariah whose cooperation has been approved by OJK. The bancassurance sharia outlets are spread across 49 branches of BNI Syariah. Penambahan partner baru dilakukan pada segmen bisnis lembaga pembiayaan bank dan non bank dan segmen bisnis corporate intermediary (broker). The addition of new partners was done in the bank and non-bank financial institutions business segment and corporate intermediary (broker) business segment. Kinerja Bisnis Syariah Sharia Business Performance Pencapaian kontribusi pada tahun 2017 sebesar Rp353,78 miliar atau tumbuh sebesar 76,4% dibandingkan tahun 2016 yang membukukan kontribusi Rp200,49 miliar merupakan hasil dari implementasi strategi pemasaran di tahun 2017. The achievement of 2017 contribution amounted to Rp353.78 billion, growing by 76.4% compared to 2016 that recorded a contribution of Rp200.49 billion is the result of the implementation of marketing strategy in 2017. ASPEK PEMASARAN MARKETING ASPECT Strategi Pemasaran yang dijalankan BNI Life antara lain: • Mendorong pertumbuhan bisnis baru dan premi lanjutan dengan target pertumbuhan di atas rata-rata pertumbuhan industri, di mana Perseroan telah menyiapkan sejumlah inisiatif strategis untuk mencapai target Perseroan. • Meningkatkan market share Perseroan di atas rata-rata industri. • Memaksimalkan potensi ceruk pasar captive melalui sinergi dengan BNI group. • Melakukan strategi segmentasi pasar berdasarkan demografi (Bancassurance), pendapatan (Agency) serta berdasarkan industri (Employee Benefit). • Menciptakan peluang ekspansi inorganik melalui kerja sama dengan mitra bisnis baru yang potensial seperti Bank Daerah, e-commerce ataupun potensi bisnis digital lainnya. Marketing Strategy undertaken by BNI Life are: • Encouraging the growth of new business and continuing premiums with growth targets above the industry's average growth, where the company has set up a number of strategic initiatives to achieve its target. • Increasing the company's market share above the industry average. • Maximizing the potential of captive market niche through synergy with BNI group. • Executing market segmentation strategy based on demography (Bancassurance), Income (Agency) as well as by industry (Employee Benefit). • Creating opportunities for inorganic expansion through cooperation with potential new business partners such as Regional Bank, e-commerce or other digital business potential. Strategi dan Aktivitas Komunikasi & Branding Tahun 2017 Communications & Branding Strategies and Activities in 2017 Penetrasi asuransi di Indonesia masih cukup rendah, peluang tumbuh masih sangat besar, kesadaran masyarakat akan kebutuhan perlindungan asuransi semakin membaik dengan dukungan literasi keuangan dan inklusi keuangan. Secara umum, pertumbuhan industri asuransi juga didukung oleh terus tumbuhnya merek-merek asuransi di Indonesia, lokal maupun multinasional, juga terus bertambahnya saluran distribusi, di mana transformasi teknologi juga berkembang menjadi transformasi digital. The insurance penetration in Indonesia is still low, the chances of growing are still huge, public awareness of the need for insurance protection is getting better with financial literacy support and financial inclusion. In general, the growth of the insurance industry is also supported by the continued growth of insurance brands in Indonesia, both local and multinational, as well as the increased distribution channels, in which technological transformation also evolves into digital transformation. PT BNI Life Insurance | Laporan Tahunan 2017
  151. Tinjauan Bisnis Business Review The continued growth of millennial generation that will become the central role of the Indonesian economy in the future , in which the character of this generation, indirectly also affects the readiness of insurance industry to adapt in order to be able answer their needs and expectations of insurance products and services and especially communicate with them. BNI Life, menyiapkan strategi komunikasi dan branding yang mendukung strategi Perseroan, untuk jangka pendek dan jangka panjang. Diharapkan bahwa dukungan rangkaian komunikasi yang terintegrasi dan menyasar ke sasaran pasar yang tepat, bisa membantu terbentuknya image Perseroan sebagai perusahaan asuransi terpercaya yang membantu menyiapkan perencanaan perlindungan bekal masa depan dengan layanan terbaik. BNI Life, set up a communication and branding strategy that supports the company's strategy, for the short and long term. It is expected that integrated communications support and targeting the right target market would help the creation of company image as a trusted insurance company as partner in preparing future protection plan with excellent service. Dukungan komunikasi collaterals, consumer activation dan media terintegrasi meliputi: • Branding identity Perseroan • Signage Collateral communications support, consumer activation and integrated media include: • Corporate identity branding • Signage Annual Report 2017 | PT BNI Life Insurance Management Discussion and Analysis Terus tumbuhnya generasi millenial yang akan menjadi peran sentral perekonomian Indonesia di masa mendatang, di mana karakter generasi ini, secara tidak langsung juga mempengaruhi harus siapnya industri asuransi beradaptasi untuk menjawab kebutuhan dan harapan mereka akan produk dan layanan produk asuransi dan khususnya berkomunikasi dengan mereka. 151
  152. Tinjauan Bisnis Business Review Collaterals • Media konvensional 1. Cetak Analisis dan Pembahasan Manajemen • 152 PT BNI Life Insurance | Laporan Tahunan 2017
  153. Tinjauan Bisnis Business Review 2 . Luar ruang (billboard, transportation hub dll) Management Discussion and Analysis • Radio • Media digital 1. Website Annual Report 2017 | PT BNI Life Insurance 153
  154. Tinjauan Bisnis Business Review 2 . Social media (FB, Twitter, Instagram, Youtube) Analisis dan Pembahasan Manajemen Search engine optimization dll • 154 Consumer promotion & activation (event, sponsorship dll) 1. CAR FREE DAY – Siapkan Bekal Sehat 2. BNI Subsidiaries Expo PT BNI Life Insurance | Laporan Tahunan 2017
  155. Tinjauan Bisnis Business Review 3 . Kampanye “Siapkan Bekalnya” – RS Premier Bintaro Management Discussion and Analysis Pangsa Pasar Market Share Pangsa pasar BNI Life untuk premi bisnis baru sebesar 3,6% dan premi bruto sebesar 2,9% dibandingkan dengan total industri berdasarkan triwulan 4 tahun 2017. Pada tahun 2016, pangsa pasar BNI Life untuk premi bisnis baru sebesar 3,7% dan premi bruto sebesar 2,9% dibandingkan dengan total industri berdasarkan data AAJI. Total premi industri pada tahun 2017 mengalami kenaikan untuk premi bisnis baru sebesar 22,1% dan premi bruto sebesar 17,7%. Dari segi Annualized First Year Premium (AFYP), pangsa pasar BNI Life pada tahun 2017 sebesar 4,2% naik dari pangsa pasar AFYP BNI Life pada tahun 2016 sebesar 3,8% berdasarkan data AAJI. BNI Life's market shares for new business premium is 3.6% and gross premium is 2.9% compared to total industry based on AAJI data for the 4th quarter of 2017. In 2016, BNI Life's market shares for new business premium was 3.7% and gross premium was 2.9% compared to total industry based on AAJI data. Total premiums of industry in 2017 experience an increase for new business premium by 22.1% and gross premium by 17.7%. In terms of Annualized First Year Premium (AFYP), BNI Life's market shares in 2017 was 4.2% up from AFYP BNI Life's market shares in 2016 of 3.8% based on AAJI data. Annual Report 2017 | PT BNI Life Insurance 155
  156. Tinjauan Keuangan Tinjauan Keuangan Financial Review Financial Review Analisis dan Pembahasan Manajemen Uraian mengenai kinerja keuangan ini diambil dari Laporan Keuangan Konsolidasian PT BNI Life Insurance dan Entitas Anak tanggal 31 Desember 2017 dan untuk tahun yang berakhir pada tanggal tersebut , yang disusun manajemen Perusahaan sesuai dengan Standar Akuntansi Keuangan di Indonesia, yang telah diaudit oleh Kantor Akuntan Publik Purwantono, Sungkoro & Surja (firm anggota Ernst & Young Global Limited) dengan rekan penanggung jawab adalah Yasir, auditor independen, berdasarkan Standar Audit yang telah ditetapkan oleh institut Akuntan Publik Indonesia dengan opini audit tanpa modifikasian, sebagaimana tercantum dalam laporannya tanggal 22 Februari 2018. Bahasan kinerja keuangan Perseroan, disampaikan dengan memperhatikan penjelasan pada catatan Laporan Keuangan Konsolidasian dari pihak eksternal auditor tersebut sebagai bagian yang tidak terpisahkan dari Laporan Tahunan ini. Description of this financial performance is taken from consolidated Financial Statements PT BNI Life Insurance and subsidiaries as of December 31, 2017 and for the year ended on those date, which prepared by Company's management in accordance with Indonesian Financial Accounting Standards, audited by Public Accountant Firm Purwantono, Sungkoro & Surja (member firm of Ernst & Young Global Limited) with responsible partner is Mr. Yasir, an independent auditor, based on Audit Standards set by Indonesian Public Accountant Institute with audit opinion without modification as stated in their report dated on February 22, 2018. Discussion on the Company's financial performance, submitted with due attention to the explanatory notes on the Consolidated Financial Statements of such external auditors as an integral part of this Annual Report. LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION Aset Assets dalam jutaan Rupiah in million Rupiah Keterangan Description 2016 Kas dan Kas pada Bank Cash and Cash in Banks 279.269 261.473 17.796 6,8% Piutang Premi Premium Receivables 130.498 52.286 78.212 149,6% 20.259 19.434 825 4,2% 14.566.378 11.304.931 3.261.447 28,8% 805 876 (71) (8,1%) 121.713 161.847 (40,134) (24,8%) Beban Dibayar Dimuka Prepaid Expenses 15.027 29.613 (14.586) (49,2%) Piutang Lain-lain – Neto Other Receivables – Net 97.908 103.955 (6.047) (5,8%) Aset Lain-lain – Neto Other Assets – Net 871.371 935.720 (64.349) (6,9%) Aset Tetap – Neto Fixed Assets – Net 112.114 112.105 9 0,0% Aset Reasuransi Reinsurance Assets 55.008 53.770 1.238 2,3% Aset Pajak Tangguhan – Neto Deferred Tax Assets – Net 33.688 44.053 (10,365) (23.5%) 16.304.038 13.080.063 3.223.975 24,6% Piutang Reasuransi Reinsurance Receivables Investasi Investments Pinjaman Pemegang Polis Loan to Policyholders Piutang Hasil Investasi Investment Income Receivables Total Aset Total Assets 156 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % Total Aset Total Assets Total Aset yang berhasil dibukukan oleh BNI Life pada posisi 31 Desember 2017 adalah sebesar Rp16.304.038 juta meningkat sebesar Rp3.223.975 juta atau 24,6% dari posisi 31 Desember 2016 yang mencapai Rp13.080.063 juta. Peningkatan aset tersebut disebabkan adanya pertumbuhan aset investasi yang cukup signifikan sejalan dengan pertumbuhan premi bruto. Total Assets earned by BNI Life at the position of December 31, 2017 was Rp16,304,038 million, increased by Rp3,223,975 million or 24.6% of the position of December 31, 2016 that reached Rp13,080,063 million. The increase in assets was mainly due to the significant growth of investments asset in line with the growth of gross premium. PT BNI Life Insurance | Laporan Tahunan 2017
  157. Tinjauan Keuangan Financial Review Cash and Cash in Banks Posisi Kas dan Kas pada Bank per 31 Desember 2017 mencapai Rp279 .269 juta, naik sebesar Rp17.796 juta atau 6,8% dibandingkan posisi Kas dan Kas pada Bank per 31 Desember 2016 sebesar Rp261.473 juta. The position of Cash and Cash in Banks as of December 31, 2017 reached Rp279,269 million, increased by Rp17,796 million or 6.8% compared to the position as of December 31, 2016 amounting to Rp261,473 million. Piutang Premi Premium Receivables Piutang Premi Perseroan pada 31 Desember 2017 tercatat sebesar Rp130.498 juta, naik sebesar Rp78.212 juta atau 149,6% dibandingkan posisi Piutang Premi per 31 Desember 2016 sebesar Rp52.286 juta. Peningkatan ini disebabkan oleh meningkatnya penjualan premi pada semester kedua tahun 2017. The Company’s Premium Receivables of December 31, 2017 was Rp130,498 million, increased by Rp78,212 million or 149.6% compared to the position as of December 31, 2016 amounting to Rp52,286 million. This increase was due to sales of premium in the second half of 2017. Investasi Investment Sepanjang tahun 2017, jumlah Investasi mencapai sebesar Rp14.566.378 juta, meningkat 28,8% dibandingkan jumlah Investasi tahun 2016 sebesar Rp11.304.931 juta. Peningkatan tersebut utamanya disebabkan peningkatan penjualan premi sehingga Perseroan memiliki kemampuan yang lebih besar untuk melakukan investasi. Throughout 2017, total Investment reached Rp14,566,378 million, up by 28.8% compared to total Investment in 2016 amounting to Rp11,304,931 million. This increase was mainly due to the increase in sales premium so that the Company has greater ability to invest. Aset Reasuransi Reinsurance Assets Jumlah Aset Reasuransi Perseroan tahun 2017 mencapai sebesar Rp55.008 juta, meningkat 2,3% dibandingkan posisi per 31 Desember 2016 sebesar Rp53.770 juta. Peningkatan tersebut disebabkan oleh meningkatnya pertanggungan Perseroan kepada perusahaan reasuransi. The Company’s Reinsurance Assets as of December 31, 2017 amounted to Rp55,008 million, an increase of 2.3% compared to the December 31, 2016 position amounted to Rp53,770 million. This increase was due to the increased Company's coverage to reinsurance companies. Liabilitas dan Dana Peserta Liabilities and Participants’ Fund Management Discussion and Analysis Kas dan Kas pada Bank dalam jutaan Rupiah in million Rupiah Keterangan Description 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal 2016 % Utang Klaim Claim Payables 18.261 6.121 12.140 198,3% Utang Reasuransi Reinsurance Payables 17.373 26.428 (9.055) (34,3%) Utang Komisi Commission Payables 30.825 23.927 6.898 28,8% 2.694 1.933 761 39,4% Titipan Premi Premium Deposits 78.276 48.753 29.523 60,5% Utang Lain-lain Other Payables 95.423 22.221 73.202 329,4% Akrual Accrued Expenses 61.457 62.322 (865) (1,4%) 6.544 12.369 (5.825) (47,1%) 10.290.260 7.762.015 2.528.245 32,6% 103.976 124.073 (20.097) (16,2%) 10.705.089 8.090.162 2.614.927 32,3% 247.042 83.427 163.615 196,1% Utang Pajak Tax Payables Utang Sewa Pembiayaan Obligation Under Finance Lease Liabilitas Kepada Pemegang Polis Liabilities to Policyholders Liabilitas Imbalan Kerja Employee Benefits Liabilities Total Liabilitas Total Liabilities Dana Peserta Participant’s Funds Pada akhir tahun 2017, jumlah Liabilitas Perseroan tercatat sebesar Rp10.705.089 juta, naik 32,3% dibandingkan jumlah Liabilitas tahun sebelumnya sebesar Rp8.090.162 juta. At the end of 2017, the Company's liabilities were recorded at Rp10,705,089 million or increased by 32.3% compared to 2016 of Rp8,090,162 Million. Annual Report 2017 | PT BNI Life Insurance 157
  158. Tinjauan Keuangan Financial Review Analisis dan Pembahasan Manajemen Utang Klaim Claim Payables Jumlah Utang Klaim tahun 2017 mencapai Rp18 .261 juta, naik 198,3% atau setara dengan Rp12.140 juta dibandingkan jumlah Utang Klaim tahun 2016 yang sebesar Rp6.121 juta. Peningkatan Utang Klaim tersebut disebabkan peningkatan jumlah klaim yang diajukan pada kuartal keempat tahun 2017. Total Claim Payables in 2017 reached Rp18,261 million, up by 198.3% or equivalent to Rp12,140 million compared to total Claim Payables in 2016 amounting to Rp6,121 million. The increase of Claim Payables was due to the increased number of claims filed in the fourth quarter of 2017. Liabilitas Kepada Pemegang Polis Liabilities to Policyholders Liabilitas kepada pemegang polis terbagi atas liabilitas manfaat polis masa depan, penyisihan kontribusi yang belum menjadi hak, serta premi yang belum merupakan pendapatan dan estimasi liabilitas klaim. Liabilities to policyholders consist of future policy benefits, provision for unearned contributions, as well as unearned premium and estimated claim liabilities. Liabilitas kepada Pemegang Polis BNI Life pada akhir tahun 2017 tercatat sebesar Rp10.290.260 juta atau mengalami peningkatan 32,6% dibandingkan dengan tahun 2016 sebesar Rp7.762.015 juta. Peningkatan tersebut terutama disebabkan oleh peningkatan pencapaian penjualan premi Perseroan tahun 2017. Liabilities to the Company's policyholders at the end of 2017 were recorded at Rp10,290,260 million or increased by 32.6% compared to 2016 of Rp7,762,015 million. The increase was mainly due to the increase in the achievement of the Company’s premium sales in 2017. Liabilitas Imbalan Kerja Employee Benefits Liabilities Pada 31 Desember 2017, posisi Liabilitas Imbalan Kerja mencapai Rp103.976 juta, mengalami penurunan sebesar Rp20.097 juta atau -16,2% dibandingkan posisi per 31 Desember 2016 sebesar Rp124.073 juta. Penurunan ini disebabkan oleh penurunan asumsi tingkat kenaikan gaji pertahun dari 10,0% pada tahun 2016 menjadi 6,0% pada tahun 2017. The position as of December 31, 2017, Employee Benefits Liabilities amounted to Rp103,976 million, an decrease of Rp20,097 million or -16.2% compared to the position as of December 31, 2016 amounting to Rp124,073 million. This decrease was due to lower assumption of salary increase rate per year from 10.0% in 2016 becoming 6.0% in 2017. Dana Peserta Participant’s Funds Jumlah Dana Peserta pada 31 Desember 2017 mencapai Rp247.042 juta, naik sebesar Rp163.615 juta atau 196,1% dibandingkan posisi tahun sebelumnya sebesar Rp83.427 juta. Pertumbuhan tersebut disebabkan oleh kenaikan saldo Dana Tabarru dan Dana Investasi seiring dengan peningkatan pencapaian kontribusi dari unit Syariah. Total Participant Funds as of December 31, 2017 amounted to Rp247,042 million, an increase of Rp163,615 million or 196.1% compared to the previous position of Rp83,427 million. This growth was due to the increase in Tabarru Fund and Investment Fund inline with the increase in contribution achievement from sharia units. Ekuitas Equity Pada 31 Desember 2017, jumlah Ekuitas Perseroan tercatat sebesar Rp5.351.907 juta, mengalami peningkatan sebesar 9,1% dibandingkan dengan tahun 2016 sebesar Rp4.906.474 juta. Peningkatan tersebut terutama berasal dari kenaikan laba tahun berjalan. As of December 31, 2017, the Company's equity balance was recorded at Rp5,351,907 million or increased by 9.1% compared to 2016 of Rp4,906,474 million. The increase was mainly due to the increase of profit for the year. Perkembangan ekuitas Perseroan selama 2 (dua) tahun terakhir adalah sebagai berikut: The Company's equity growth over the past 2 (two) years is as follows: dalam jutaan Rupiah in million Rupiah Keterangan Description Modal Saham Share Capital Tambahan Modal Disetor Additional Paid In Capital 158 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % 2016 300.699 300.699 - - 4.157.813 4.157.813 - - Cadangan Revaluasi Aset Assets revaluation reserve 32.996 32.996 - - Pengukuran Kembali Imbalan Pasca Kerja Remeasurement of Post Employee Benefit 12.912 (9.824) 22,736 N/A PT BNI Life Insurance | Laporan Tahunan 2017
  159. Tinjauan Keuangan Financial Review dalam jutaan Rupiah in million Rupiah 2017 Keuntungan (Kerugian) Yang Belum Direalisasi Atas Efek-efek Tersedia Untuk Dijual Unrealised Loss on Available-ForSale Marketable Securitie Saldo Laba Retained Earnings Total Ekuitas Total Equity 2016 63.582 (49.456) 113.038 N/A 783.905 474.246 309.659 65,3% 5.351.907 4.906.474 445.433 9,1% CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN Management Discussion and Analysis Keterangan Description Pertumbuhan (Penurunan) Increase (Decrease) Nominal % dalam jutaan Rupiah in million Rupiah Keterangan Description 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % 2016 Total Pendapatan Total Income 6.987.785 5.721.415 1.266.370 22,1% Total Beban Total Expenses 6.619.398 5.549.709 1.069.689 19,3% 368.387 171.706 196.681 114,5% 6.517 12.244 (5.727) (46,8%) Laba Tahun Berjalan Income for the Year 374.904 183.950 190.954 103,8% Total Penghasilan Komprehensif Tahun Berjalan Total Comperehensive Income for the Year 510.678 131.395 379.283 288,7% Laba Sebelum Manfaat Pajak Penghasilan Profit before Income Tax Benefit Manfaat Pajak Penghasilan - Neto Income Tax Benefit - Net Pendapatan Income Total Pendapatan Perseroan pada 2017 tercatat sebesar Rp6.987.785 juta atau mengalami peningkatan sebesar 22,1% dibandingkan dengan tahun 2016 sebesar Rp5.721.415 juta. The Company’s total income in 2017 were recorded at Rp6,987,785 million or increased by 22.1% from Rp5,721,415 million in 2016. Pendapatan Perseroan diperoleh dari Pendapatan Premi, Pendapatan Fee dari Asuransi Syariah (Ujrah), Pendapatan Investasi dan Pendapatan lain-lain. The Company’s income are derived from Premium Income, Fee Income from Sharia Insurance (Ujrah). Investment Income and Other Income. dalam jutaan Rupiah in million Rupiah Keterangan Description Pendapatan Premi-Neto Premium Income-Net Pendapatan Fee dari Asuransi Syariah (Ujrah) Fee Income from Sharia Insurance (Ujrah) Pendapatan Investasi - Neto Investment Income - Net Pendapatan lain-lain Other Income Total Pendapatan Total Income 2017 Pertumbuhan (Penurunan) Increase (Decrease) 2016 Nominal % 5.577.321 4.635.149 942.172 20,3% 69.898 53.710 16.188 30,1% 1.281.910 982.169 299.741 30,5% 58.656 50.387 8.269 16,4% 6.987.785 5.721.415 1.266.370 22,1% Pendapatan Premi Premium Income Sampai dengan 31 Desember 2017, total Pendapatan Premi Perseroan tercatat sebesar Rp5.577.321 juta atau meningkat 20,3% dibandingkan dengan tahun 2016 sebesar Rp4.635.149 juta. Peningkatan Pendapatan Until December 31, 2017, the Company’s total gross premium income reached Rp5,577,321 million or up 20.3% compared with 2016 amounted to Rp4,635,149 million. The increase was mainly dominated by endowment Annual Report 2017 | PT BNI Life Insurance 159
  160. Tinjauan Keuangan Financial Review Premi terutama didominasi oleh produk-produk dwiguna (endowment) dan produk asuransi kesehatan. products and health insurance products Analisis dan Pembahasan Manajemen dalam jutaan Rupiah in million Rupiah Keterangan Description Pendapatan Premi Bruto Gross Premium Income 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % 2016 5.710.686 4.745.531 965.155 20,3% Premi Reasuransi Reinsurance Premium (49.096) (47.916) (1.180) 2,5% Perubahan atas PYBMP Change in UPR (84.269) (62.466) (21.803) 34,9% 5.577.321 4.635.149 942.172 20,3% Pendapatan Premi - Neto Premium Income - Net Pendapatan Investasi - Neto Investment Income-Net Pendapatan hasil investasi Perseroan sampai dengan akhir 2017 tercatat sebesar Rp1.281.910 juta atau meningkat sebesar 30,5% dibandingkan dengan tahun 2016 sebesar Rp982.169 juta. Peningkatan Pendapatan investasi disebabkan kemampuan Perseroan dalam memaksimalkan kondisi pasar investasi yang tengah membaik selama tahun 2017. The Company’s net investment income at the end of 2017 reached Rp1,281,910 million or up 30.5% from Rp982,169 million in 2016. The investment income was derived from the Company's ability to maximize the improving investment market conditions during 2017. Pendapatan Lain-lain Other Income Pada akhir 2017, Pendapatan Lain-lain Perseroan yang berasal dari jasa manajemen, administrasi, komisi reasuransi dan lain-lain, tercatat sebesar Rp50.387 juta, meningkat 16,4% dibandingkan dengan tahun 2016 sebesar Rp50.387 juta. At the end of 2017, the Company’s other income deriving from management services, administrative, reinsurance commission and others, stood at Rp50.387 million, increase 16.4% from Rp50.387 million in 2016. Beban Usaha Operating Expenses Jumlah Beban Usaha Perseroan per 31 Desember 2017 mencapai sebesar Rp6.619.398 juta, naik sebesar Rp1.069.689 juta atau 19,3% dibandingkan posisi per 31 Desember 2016 sebesar Rp5.549.709 juta. Peningkatan ini disebabkan oleh peningkatan pembayaran klaim yang dilakukan Perseroan selama tahun 2017. The Company’s operating expenses from the position as of December 31, 2017 reached Rp6,619,398 million or increased Rp1,069,689 million or 19,3% from the position as of December 31, 2016 of Rp5,549,709 million. The increase was due to the increase in claim payments made by the Company during 2017. dalam jutaan Rupiah in million Rupiah Keterangan Description Klaim dan Manfaat Polis Claim and Policy Benefits 2016 2.638.000 1.348.908 1.289.092 95,6% (44.173) (28.589) (15.584) 54,5% 4.127 3.352 775 23,1% 2.405.434 2.836.875 (431.441) (15,2%) Perubahan Estimasi Liabilitas Klaim Changes in Estimated Claim Liabilities 39.135 35.864 3.271 9,1% Beban Asuransi Lainnya Other Insurance Expenses 43.156 31.288 11.868 37,9% 801.956 655.447 146.509 22,3% 93.724 84.748 8.976 10,6% 575.572 526.326 49.246 9,4% Klaim Reasuransi Reinsurance Claims Ujrah Dibayar (Reasuransi) Payment of Ujrah (Reinsurance) Perubahan Liabilitas Manfaat Polis Masa Depan Changes in Liabilities for Future Policy Benefits Beban Akuisisi Acquisition Cost Beban Pemasaran Marketing Expenses Beban Umum dan Administrasi General and Administrative Expenses 160 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % PT BNI Life Insurance | Laporan Tahunan 2017
  161. Tinjauan Keuangan Financial Review dalam jutaan Rupiah in million Rupiah 2017 2016 Lain-lain - Neto Others - Net 62 .467 55.490 6.977 12,6% Total Beban Total Expenses 6.619.398 5.549.709 1.069.689 19,3% Klaim dan Manfaat Polis Claim and Policy Benefits Sampai akhir 2017, total Beban Klaim dan Manfaat Polis tercatat sebesar Rp2.638.000 juta, meningkat sebesar 95,6% dibandingkan dengan tahun 2016 sebesar Rp1.348.908 juta. Peningkatan beban klaim dan manfaat polis terutama disebabkan oleh kenaikan klaim dan manfaat polis perorangan sebesar 136,6%. Until the end of 2017, total claim and policy benefits expenses stood at Rp2,638,000 million, up 95.6% from Rp1.348.908 million in 2016. The increase was primarily due to higher individual claims and policy benefits amounted to 136.6%. Berdasarkan komposisinya, komposisi beban klaim dan manfaat polis tahun 2017 didominasi oleh klaim perorangan. Based on its composition, claim and policy benefits expenses in 2017 were dominated by individual claims. Management Discussion and Analysis Keterangan Description Pertumbuhan (Penurunan) Increase (Decrease) Nominal % dalam jutaan Rupiah in million Rupiah Keterangan Description Perorangan Individual Kumpulan Group Klaim dan Manfaat Polis Claim and Policy Benefits 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % 2016 1.813.705 766.476 1.047.228 136,6% 824.295 582.432 241.863 41,5% 2.638.000 1.348.908 1.289.092 95,6% Beban Akuisisi Acquisition Cost Beban Akuisisi antara lain terbagi atas beban komisi, beban keagenan, beban telemarketing, dan beban pemeriksaan kesehatan. Sampai dengan akhir tahun 2017, Beban Akuisisi Perseroan tercatat sebesar Rp801.956 juta, meningkat 22,3% dibandingkan dengan tahun 2016 sebesar Rp665.447 juta. Peningkatan beban akuisisi disebabkan oleh adanya peningkatan penjualan premi. The Company’s acquisition expenses were broken down into commission expenses, agency expenses, telemarketing expenses and medical checkup expenses. Until the end of 2017, the Company’s acquisition expenses amounted to Rp801,956 million or up 22.3% from Rp665,447 million in 2016. The increase was due to the increase in premium sales. Beban Pemasaran Marketing Expenses Beban pemasaran Perusahaan terbagi atas beban kontes agen, beban promosi, beban telemarketing, beban jamuan dan representasi, serta beban lainnya. Pada tahun 2017, Beban Pemasaran Perseroan tercatat sebesar Rp93.724 juta, meningkat 10,6% dibandingkan dengan tahun 2016 sebesar Rp84.748 juta. Peningkatan beban pemasaran terutama dikarenakan adanya kegiatan pemasaran yang meningkat untuk meningkatkan penjualan premi selama tahun 2017. Marketing expenses comprises agent contest costs, promotional costs, telemarketing costs, reception and representation costs, and other costs. in December 31, 2017 the company’s marketing expenses stood at Rp93,724 million, up 10,6% from Rp84,748 million in 2016. The increase was mainly due to increased marketing activities to increase premium sales during 2017. Beban Umum dan Administrasi General and Administrative Expenses Beban umum dan administrasi Perusahaan terbagi atas beban gaji, tunjangan dan imbalan kerja, amortisasi, perkantoran, jasa tenaga luar, beban telekomunikasi, beban penyusutan, beban perlengkapan kantor, beban perjalanan dinas, transportasi dan kendaraan, jasa konsultan, pendidikan dan pelatihan, pemeliharaan dan perbaikan, Jasa teknik dan manajemen, dan lainnya. Beban umum dan administrasi Perusahaan pada akhir tahun 2017 tercatat sebesar Rp575.572 juta, meningkat 9,4% dibandingkan dengan tahun 2016 sebesar Rp526.326 juta. The Company’s general and administrative expenses comprises salary allowance and benefit expenses, amortization office, outsourcing, telecommunication, depreciation, office supplie, businesstrip, transportation and vehicle, consultant fee education and training, maintenance and repair technique and management fee, and other costs. At the end of 2017, general and administration expenses amounted to Rp575,572 million or up 9.4% when compared with 2016 amounting to Rp526,326 million. Annual Report 2017 | PT BNI Life Insurance 161
  162. Tinjauan Keuangan Financial Review Analisis dan Pembahasan Manajemen Laba Sebelum Manfaat Pajak Penghasilan Income before Income Tax Benefit Pada tahun 2017 , Perusahaan membukukan laba sebelum manfaat pajak penghasilan sebesar Rp368.387 juta yang meningkat sebesar 114,5% dibandingkan tahun 2016 sebesar Rp171.706 juta. In 2017, the Company booked income before income tax benefit of Rp368,387 million, increased 114.5% when compared with Rp171,706 million in 2016. Manfaat Pajak Penghasilan-Neto Income Tax Benefit - Net Beban pajak ditentukan berdasarkan laba kena pajak dalam periode yang bersangkutan yang dihitung berdasarkan tarif pajak yang berlaku. Sesuai dengan PSAK No. 46 (Revisi 2010) tentang “Pajak Penghasilan”. Pada akhir tahun 2017, manfaat pajak penghasilan Perseroan tercatat sebesar Rp6.517 juta, mengalami penurunan sebesar 46,8% jika dibandingkan dengan tahun 2016 sebesar Rp12.244 juta, hal ini disebabkan penurunan beban beda waktu (temporary differences) selama tahun 2017. Tax expenses is determined based on taxable income in the respective period according to the effective tax rate, as stated in PSAK No. 46 (2010 Revision) on “Income Tax”. At the end of 2017, the Company’s income tax benefit stood at Rp6.517 million, decrease 46.8% from 2016 of Rp12,244 million. This was due to the decrease of temporary differences during 2017. Laba Tahun Berjalan Income for the Year Laba Bersih Perseroan pada tahun 2017 tercatat sebesar Rp374.904 juta, melonjak signifikan 103,8% dibandingkan Laba Bersih tahun 2016 sebesar Rp183.950 juta. Peningkatan Laba Bersih tersebut disebabkan oleh peningkatan volume bisnis, hasil investasi dan efisiensi beban operasional Perseroan selama tahun 2017. BNI Life's net profit of the year 2017 was recorded at Rp374,904 million, a significant jump of 103.8% compared to the 2016 net profit amounting Rp183,950 million. The increase in Net Profit was due to the increase in business volume, investment returns and operational efficiency of the Company during 2017. Total Penghasilan Komprehensif Tahun Berjalan Total Comprehensive Income for the Year Total Penghasilan Komprehensif Tahun Berjalan Perusahaan pada tahun 2017 meningkat 288,7% menjadi sebesar Rp510.678 juta dari tahun sebelumnya sebesar Rp131.395 juta. The Company's Total Comprehensive Income for the Year in 2017 experienced an increase of 288.7% to Rp510,678 million from the previous year of Rp131,395 million. LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOW Posisi kas dan setara kas Perusahaan di akhir tahun 2017 sebesar Rp279.269 juta atau meningkat sebesar Rp17.796 juta atau sebesar 6,8% dari tahun 2016 yang hanya mencapai Rp261.473 juta. The Company’s cash and cash in banks position at the end of 2017 was Rp279,269 million, increased Rp17,796 million or 6.8% from Rp261.473 million in 2016. Laporan arus kas konsolidasian Perseroan per 31 Desember 2017 dan 31 Desember 2016 adalah sebagai berikut: The Company’s consolidated statement of cash flows as of December 31, 2017 and December 31, 2016 are as follows: dalam jutaan Rupiah in million Rupiah Keterangan Description Kas Bersih Diperoleh dari Aktivitas Operasi Net Cash Provided From Operating Activities 2016 1.926.921 2.207.577 (280.656) (12,7%) Kas Bersih Digunakan untuk Aktivitas Investasi Net Cash Used in Investing Activities (1.854.045) (2.011.263) 157.218 (7,8%) Kas Bersih Digunakan untuk Aktivitas Pendanaan Net Cash Used in Financing Activities (55.186) (48.012) (7.174) 14,9% 17.690 148.302 (130.612) (88,1%) 106 (341) 447 (131,1%) Kas dan Kas pada Bank Akhir Tahun Cash and Cash in Banks at the Beginning the Year 261.473 113.512 14.961 130,3% Kas dan Kas pada Bank Akhir Tahun Cash and Cash in Banks at the End of the Year 279.269 261.473 17.796 6,8% Kenaikan Bersih Kas dan Kas pada Bank Net Increase in Cash and Cash in Banks Dampak Bersih Perubahan Nilai Tukar atas Kas dan Kas pada Bank Net Effect of Change in Exchange Rates in Cash and Cash in Banks 162 2017 Pertumbuhan (Penurunan) Increase (Decrease) Nominal % PT BNI Life Insurance | Laporan Tahunan 2017
  163. Tinjauan Keuangan Financial Review Cash Flows from Operational Activities Kas bersih yang diperoleh dari aktivitas operasi akhir tahun 2017 tercatat sebesar Rp1 .926.921 juta, lebih rendah 12,7% dibandingkan posisi pada akhir tahun 2016 yang sebesar Rp2.207.577 juta. Arus kas masuk antara lain diperoleh dari penerimaan premi dan kontribusi Rp5.859.768 juta, penerimaan klaim reasuransi sebesar Rp60.292 juta dan penerimaan lain-lain sebesar Rp316.936 juta. Sedangkan arus kas keluar antara lain digunakan untuk pembayaran klaim dan manfaat polis sebesar Rp2.799.919 juta, pembayaran komisi sebesar Rp559.325 juta dan beban umum dan administrasi sebesar Rp542.423 juta. Net cash provided from operating activities at end of 2017 amounted to Rp1,926,921 million, 12.7% lower than the position at the end of 2016 amounted to Rp2,207,577 million. Incoming cash flows, among others, were obtained from premium and contribution received of Rp5,859,768 million, receipt of reinsurance claims of Rp60,292 million and other receipts of Rp316,936 million. Meanwhile, cash outflow, among others, is used for payment of claims and policy benefits of Rp2,799,919 million, commission payment of Rp559,325 million and general and administrative expenses of Rp542,423 million. Arus Kas dari Aktivitas Investasi Cash Flows from Investing Activities Kas bersih yang digunakan untuk aktivitas investasi pada akhir tahun 2017 tercatat sebesar Rp1.854.045 juta, menurun sebesar Rp157.218 juta atau 7,8% dari tahun 2016 sebesar Rp2.011.263 juta. Arus kas masuk diperoleh dari penerimaan hasil investasi sebesar Rp1.326.066 juta dan penjualan aset tetap sebesar Rp1.684 juta. Sedangkan arus kas keluar digunakan untuk perolehan aset tetap sebesar Rp42.761 juta dan penempatan investasi-neto sebesar Rp3.139.034 juta. Net cash used in investing activities at end of 2017 amounted to Rp1,854,045 million, down by Rp157,218 million or 7.8% from 2016 of Rp2,011,263 million. Incoming cash flows were obtained from investment income of Rp1,326,066 million and the sale of fixed assets of Rp1,684 million. Meanwhile, cash outflows were used for the acquisition of fixed assets amounting to Rp42,761 million and investment placement- net amounting to Rp3,139,034 million. Arus Kas dari Aktivitas Pendanaan Cash Flow from Financing Activities Kas bersih yang digunakan untuk aktivitas pendanaan tahun 2017 tercatat sebesar Rp55.186 juta, meningkat 14,9% dibandingkan tahun sebelumnya sebesar Rp48.012 juta. Hal ini dikarenakan peningkatan jumlah pembayaran dividen yang dilakukan Perseroan kepada Pemegang Saham. Seiring dengan peningkatan laba tahun berjalan. Net Cash used in financing activities in 2017 stood at Rp55,186 million, up 14,9% compared to with 2016 of Rp48,012 million This is caused by increased amount of dividend payments made by the Company to the Shareholders. Inline with the increase of income for the year. KEMAMPUAN MEMBAYAR HUTANG DAN TINGKAT KOLEKTIBILITAS PIUTANG SOLVENCY AND RECEIVABLES COLLECTIBILITY LEVEL Sebagai perusahaan asuransi, BNI Life memiliki kewajiban terhadap nasabah untuk melunasi pembayaran klaim kepada nasabah. Sebagaimana diatur Keputusan Menteri Keuangan No. 422/ KMK.06/2003 tahun 2003 tentang Penyelenggaraan Usaha Perusahaan Asuransi dan Perusahaan Reasuransi, pembayaran klaim kepada nasabah paling lama 30 (tiga puluh) hari sejak adanya kesepakatan antara tertanggung dan penanggung atau kepastian mengenai jumlah klaim yang harus dibayar. As an insurance company, BNI Life has an obligation to customers to settle claim payments to customers. As regulated by the Minister of Finance Decree no. 422/KMK.06/2003 of 2003 on the Business Conduct of Insurance Companies and Reinsurance Companies, payment of claims to customers shall not exceed 30 (thirty) days after the agreement between the insured and the insurer or the certainty of the amount of claims payable. Selain itu, kemampuan membayar hutang suatu perusahaan asuransi tercermin dari tingkat kesehatan dan kolektibilitas perusahaan, sebagaimana diatur dalam Peraturan Menteri Keuangan No.53/ PMK.010/2012 tanggal 3 April 2012 tentang Kesehatan Keuangan Perusahaan Asuransi dan Perusahaan Reasuransi. Berdasarkan ketentuan tersebut, perusahaan asuransi wajib menetapkan target tingkat solvabilitas paling rendah 120% dari modal minimum berbasis risiko (MMBR) setiap tahun. In addition, the ability to pay debts of an insurance company is reflected in the company's soundness and collectibility levels, as stipulated in the Minister of Finance Regulaton No.53/PMK.010/2012 dated April 3, 2012 on Financial Soundness of Insurance Companies and Reinsurance Companies. Under the aforementioned provision, the insurer is obliged to set a target of solvency rate of at least 120% of the risk-based minimum capital (MMBR) annually. Rasio Solvabilitas Solvency Ratio Pada tahun 2017, berdasarkan Peraturan Otoritas Jasa Keuangan No. 72/POJK.05/2016 tentang Kesehatan Keuangan Perusahaan Asuransi dan Perusahaan Reasuransi dengan Prinsip Syariah, Perseroan diwajibkan untuk memunihi rasio solvabilitas untuk dana tabarru paling sedikit 60% (paling lambat tanggal 31 Desember 2017), 80% (paling lambat 31 Desember 2018) dan 100% (paling lambat 31 Desember 2019) dari risiko kerugian yang mungkin timbul sebagai akibat dari deviasi dalam pengelolaan kekayaan dan liabilitas. Pada 31 Desember 2017, Risk Based Capital (RBC) Perseroan mencapai 780,75 (unaudited). In 2017, under the Regulation of the Financial Services Authority No. 72/ POJK.05/2016 on the Financial Soundness of Insurance Companies and Reinsurance Companies with Sharia Principles, the Company is required to obtain a solvency ratio for tabarru funds of at least 60% (no later than December 31, 2017), 80% (no later than December 31, 2018) and 100% (not later than December 31, 2019) of the risk of loss that may arise as a result of deviations in the management of wealth and liabilities. As of December 31, 2017, the Company's Risk Based Capital (RBC) reached 780.75 (unaudited). Annual Report 2017 | PT BNI Life Insurance Management Discussion and Analysis Arus Kas dari Aktivitas Operasi 163
  164. Tinjauan Keuangan Financial Review Analisis dan Pembahasan Manajemen Tingkat Kolektibilitas Piutang Receivables Collectibility Level Seiring dengan peningkatan pendapatan premi Perseroan tahun 2017 , tingkat kolektibilitas piutang Perseroan tahun 2017 mengalami penurunan dibandingkan tahun sebelumnya. Namun demikian, 90,3% dari piutang premi yang dimiliki Perseroan merupakan piutang Perseroan bersifat current (di bawah 1 tahun). In line with the increase in the Company's premium income in 2017, the Company's receivables collictibility rate in 2017 decreased compared to the previous year. However, 90.3% of the Company's premium receivables are current receivables (under 1 year). STRUKTUR MODAL STRUKTUR MODAL CAPITAL STRUCTURE STRUCTURE POLICY DAN KEBIJAKAN AND CAPITAL Struktur modal merupakan jumlah modal yang diperoleh dari modal sendiri (ekuitas) dan utang (liabilitas). Perseroan berkeyakinan bahwa struktur modal yang optimal akan memaksimalkan nilai Perseroan. Capital structure is the amount of capital derived from own capital (equity) and debts (liabilities). The Company believes that an optimum capital structure will maximize the value of the Company. Struktur modal Perseroan pada 2 (dua) tahun terakhir dapat dilihat pada tabel berikut: The Company’s capital structure in the last 2 (two) years can be seen in the following table: dalam jutaan Rupiah in million Rupiah Uraian Description Jumlah Liabilitas Total Liabilities Ekuitas Equity Jumlah Liabilitas dan Ekuitas Total Liabilities and Equity 2017 % Total Modal % Total Capital 2016 10.705.089 66.67% 8.079.314 62,22% 5.351.907 33.33% 4.906.474 37,78% 16.056.996 100.00% 12.985.788 100,00% IKATAN MATERIAL UNTUK INVESTASI BARANG MODAL MATERIAL COMMITMENT FOR CAPITAL GOODS INVESTMENT Pada tahun 2017, BNI Life tidak memiliki ikatan yang bersifat material dengan pihak mana pun terkait investasi barang modal. In 2017, BNI Life has no material commitment to any party related to capital goods investment. INVESTASI BARANG MODAL YANG DIREALISASIKAN PADA TAHUN BUKU TERAKHIR CAPITAL GOODS INVESTMENT REALIZED IN THE LAST FISCAL YEAR Pada tahun 2017, Perseroan melaporkan total investasi barang modal sebesar Rp42.504 juta. Investasi barang modal ini ditujukan untuk mendukung operasional Perseroan. In 2017, the Company reported total capital investment amounted to Rp42,504 billion This capital investment was intended to support the Company's operations. Jenis Barang Modal Type of Capital Goods Nilai Value Tanah Land - Bangunan Property - Kendaraan vehicle 275 Parabot Kantor Office Furniture 8.586 Peralatan Kantor Office Equipment 9.234 Perlengkapan Kantor Office Supplies 164 % Total Modal % Total Capital 458 Aset Dalam Penyelesaian Asset in Settlement 23.951 Jumlah Total 42.504 PT BNI Life Insurance | Laporan Tahunan 2017
  165. Tinjauan Keuangan Financial Review MATERIAL INFORMATION ON INVESTMENT , EXPANSION, DIVESTMENT, MERGER, ACQUISITION OR DEBT/CAPITAL RESTRUCTURING Pada 2017, BNI Life tidak melakukan transaksi material mengenai investasi, ekspansi, divestasi, penggabungan/peleburan usaha, akuisisi atau restrukturisasi utang/modal, sehingga tidak terdapat informasi mengenai hal tersebut yang dapat disampaikan pada laporan ini. In 2017, BNI Life did not make any material transaction pertaining to investment, expansion, divestment, merger, acquisition or debt/capital restructuring, hence no related information is available to be included in this report. DERIVATIF DAN FASILITAS LINDUNG NILAI DERIVATIVES AND HEDGING FACILITIES Selama tahun 2017, BNI Life tidak melakukan kegiatan yang megandung transaksi derivatif dan fasilitas lindung nilai. During 2017, BNI Life did not engage in activities that contain derivative transactions and hedging facilities. PERBANDINGAN ANTARA TARGET DAN REALISASI SERTA PROYEKSI SATU TAHUN KE DEPAN COMPARISON BETWEEN TARGET AND REALIZATION AND NEXT YEAR PROJECTION Pada setiap awal tahun buku, Perseroan menetapkan target yang hendak dicapai pada tahun buku, khususnya untuk kinerja operasional dan finansial utama. Namun demikian, dalam perjalannya Perseroan melakukan review terhadap target yang ditetapkan sesuai dengan perkembangan kondisi internal dan eksternal Perseroan. At the beginning of each fiscal year, the Company sets targets to be achieved during the fiscal year, especially for main operational and financial performance. However, on its way the Company conducts review of the targets set in accordance with the development of internal and external conditions of the Company. Ikhtisar pencapaian kinerja Perseroan pada tahun buku 2017 adalah sebagai berikut: The summary of Company's performance achievement in the fiscal year 2017 is as follows: Uraian Description Total Aset Total Assets Realisasi 2016 Realization in 2016 2017 Target Target Pencapaian Target Target Achievement Realiasi Realization 13.080.063 19.002.670 16.304.038 85,8% 4.745.531 7.345.206 5.710.686 77,7% Pendapatan Investasi – neto Investment Income - net 982.169 1.396.588 1.281.910 91,8% Laba Tahun Berjalan Profit for the Year 183.950 427.664 374.904 87,7% Pendapatan Premi Bruto Gross Premium Income Secara umum pada tahun buku 2017 Perseroan belum berhasil mencapai target yang ditetapkan. Hal ini disebabkan oleh ketatnya persaingan dalam industri asuransi. Akan tetapi market share BNI Life bergerak naik (sesuai dengan data AJI, dari urutan 9 menjadi 8). In general, in the fiscal year 2017, the Company has not succeeded in achieving the targets that have been set. This is due to the increasingly tight competition in the insurance industry. However, BNI Life's market share is moving up (according to AJI data, from 9th place to 8th). Proyeksi 2018 Memasuki tahun 2018, Perseroan telah menetapkan target kinerja yang hendak dicapai sebagai berikut: Projection in 2018 Entering 2018, the Company has set performance targets to be achieved as follows: Uraian Description Total Aset Total Assets Realisasi 2017 Realization in 2017 Target 2018 Target in 2018 Pertumbuhan Growth 16.304.038 22.005.998 35,0% Pendapatan Premi Bruto Gross Premium Income 5.710.686 8.843.991 59,9% Pendapatan Investasi – neto Investment Income - net 1.281.910 1.575.313 22,9% 374.904 750.629 100,2% Laba Tahun Berjalan Profit for the Year Management Discussion and Analysis INFORMASI MATERIAL MENGENAI PENYERTAAN SAHAM, EKSPANSI, DIVESTASI, MERGER/KONSOLIDASI BISNIS, AKUISISI ATAU RESTRUKTURISASI UTANG/ MODAL Annual Report 2017 | PT BNI Life Insurance 165
  166. Tinjauan Keuangan Financial Review Analisis dan Pembahasan Manajemen INFORMASI FAKTA MATERIAL YANG TERJADI SETELAH TANGGAL LAPORAN AKUNTAN Tidak terdapat informasi dan fakta yang bersifat material yang terjadi setelah tanggal laporan akuntan . There were no material information or facts which occured after the accountant reporting date. PROSPEK USAHA BUSINESS PROSPECTS Pengembangan bisnis tetap fokus pada semua saluran distribusi. Secara keseluruhan, pada tahun 2018 premi bisnis baru pada saluran distribusi Bancassurance In-branch masih merupakan back-bone pencapaian target Bancassurance. Pada tahun 2018 saluran distribusi Bancassurance In Branch menetapkan fokus pada produk regular unit link, serta produk premi sekaligus. Dengan fokus Perseroan menjual produk regular unit link, maka pada tahun 2018 akan disiapkan peluncuran produk baru unit link. Business development remains to be focused on all distribution channels. Overall, by 2018 new business premiums on the Bancassurance In-branch distribution channel are still the backbone of Bancassurance's target achievement. In 2018, the Bancassurance In Branch distribution channel focuses on regular unit link products, as well as one-time premium products. With the company’s focus to sell regular unit link products, the launch of new unit link product will be prepared in 2018. Strategi dan fokus utama pengembangan bisnis pada setiap saluran distribusi dapat dideskripsikan sebagai berikut: 1. Bancassurance Secara keseluruhan, pada tahun 2018 premi bisnis baru pada saluran distribusi Bancassurance diproyeksikan sebesar Rp4.603 triliun atau naik sebesar 20.8% dari target premi bisnis baru tahun 2017 dengan rincian per sub unit bisnis sebagai berikut: • Bancassurance Inbranch In-branch masih merupakan back-bone pencapaian target Bancassurance dengan target premi bisnis baru 2018 sebesar Rp3.300 triliun atau naik sebesar 27,6% dari target premi bisnis baru tahun 2017. The following is the main strategy and focus of business development on each distribution channel: 1. Bancassurance Overall, in 2018 the new business premium on Bancassurance distribution channel is projected at Rp4,603 trillion, up by 20.8% from the 2017 target of new business premium with details per sub business unit as follows: • Bancassurance Inbranch Inbranch is still the backbone of Bancassurance's target achievement with a target of new business premium of Rp3.300 trillion or an increase of 27.6% from the 2017 target of new business premium. Pada tahun 2018 saluran distribusi Bancassurance In branch menetapkan fokus pada produk regular unit link Plan Multipro (BLPM), serta produk premi sekaligus Hy End Pro dan Maksima Pro, dimana target komposisi premi bisnis baru reguler adalah 38,7% dan premi bisnis baru sekaligus adalah 61,3%. In 2018, Bancassurance Inbranch distribution channel focuses on regular unit link Plan Multipro (BLPM), as well as one-time premium products Hy End Pro and Maksima Pro, in which the composition target of new regular business premium is 38.7% and new business premium is 61.3%. Dengan fokus Perseroan menjual produk regular unit link, maka pada tahun 2018 akan disiapkan peluncuran produk baru unit link. With the company’s focus to sell regular unit link products, the launch of new unit link product will be prepared in 2018. Untuk mencapai target bisnis baru ini, saluran distribusi Bancassurance Inbranch melakukan strategi: • Meningkatkan kualitas data referral dengan melakukan modeling • Meningkatkan produktivitas masing-masing tenaga pemasar untuk dapat mencapai premi rata-rata yang dibutuhkan untuk pencapaian target. • Pelatihan tenaga pemasar difokuskan pada produk regular • Melakukan digitalisasi proses bisnis melalui aplikasi e-Bancassurance To achieve this new business target, Bancassurance Inbranch distribution channel undertake the following strategy: • Improve the quality of referral data by modeling Bancassurance Worksite Pada tahun 2018 saluran distribusi Bancasssurance Worksite menargetkan premi bisnis baru sebesar Rp500 miliar atau relatif tidak berbeda dibanding target tahun 2017. • Bancassurance Worksite In 2018, the Bancasssurance Worksite distribution channel targets the new business premium at Rp500 billion or relatively the same as the 2017 target. • 166 MATERIAL INFORMATION AND FACTS AFTER ACCOUNTANT REPORTING DATE PT BNI Life Insurance | Laporan Tahunan 2017 • Increase the productivity of each sales force to achieve the average premium required for target achievement. • Training of sales force is focused on regular products • Digitize business processes through e-Bancassurance application
  167. Tinjauan Keuangan Financial Review BNI Life ’s products Plan Multipro, Maksima Pro and Hy End Pro are the flagship products of the Bancassurance Worksite distribution channel. Saluran distribusi Bancassurance Worksite pada tahun 2018 akan melakukan pendekatan yang lebih agresif pada nasabah korporasi BNI. Strategi penjualan ini tetap berfokus pada produk regular unit link dan didukung dengan strategi marketing dengan mengadakan company gathering. The Bancassurance Worksite distribution channel in 2018 will take a more aggressive approach to BNI corporate customers. This sales strategy remains focused on regular unit link products and is supported by marketing strategy of holding company gathering. Telemarketing Secara keseluruhan, premi bisnis baru saluran distribusi Bancassurance Telemarketing pada tahun 2018 ditargetkan sebesar Rp450 miliar. • Telemarketing Overall, the new business premium of Bancassurance Telemarketing distribution channel in 2018 is targeted at Rp450 billion. Pangsa pasar BNI masih mendominasi bisnis Telemarketing dimana penjualan produk melalui kartu kredit ditargetkan sebesar Rp357 miliar dan penjualan melalui saving BNI ditargetkan sebesar Rp75 miliar. BNI's market share still dominates the Telemarketing business where sales of products through credit cards are targeted at Rp357 billion and sales through saving BNI is targeted at Rp75 billion. Pada tahun 2018 saluran distribusi telemarketing akan mengoptimalkan sinergi dengan BNI melalui ekspansi pada nasabah BNI non regular, antara lain dengan melakukan cross-selling dengan saluran distribusi Inbranch dengan fokus pada nasabah emerald. Selain itu,cross-selling juga dilakukan pada nasabah pemegang polis asuransi jiwa kredit. In 2018, telemarketing distribution channel will optimize the synergy with BNI through expansion of BNI non-regular customers, among others by cross selling with Inbranch distribution channel with a focus on emerald customers. In addition, cross selling is also done to customers of credit life insurance policyholders. Untuk pengembangan bisnis dengan segmentasi non-BNI, kuantitas database nasabah akan lebih ditingkatkan. For business development with non-BNI segmentation, the customer database quantity will be further improved. • Credit Life Pada saluran distribusi Credit Life tahun 2018, premi bisnis baru ditargetkan sebesar Rp350 miliar, dimana komposisi captive market BNI adalah Rp302 miliar dan sisanya Rp48 miliar non-BNI. Sebagai bentuk optimalisasi sinergi dengan BNI dan strategi dalam akselerasi penjualan, akan dilakukan implementasi sistem host-to-host. • Credit Life In 2018, the Credit Life distribution channel targets the new business premiums at Rp350 billion, in which BNI's captive market composition is Rp302 billion and the remaining Rp48 billion is nonBNI. As a form of synergy optimization with BNI and strategy in sales acceleration, the host-to-host system will be implemented. • Bundling Target premi bisnis baru untuk saluran distribusi Bundling tahun 2018 adalah sebesar Rp3 miliar, dimana fokus saluran distribusi bundling adalah pada captive market BNI serta ekspansi sinergi bisnis dengan korporasi BNI dan non BNI. • Bundling The target of new business premium for Bundling distribution channel in 2018 is Rp3 billion, where the focus of bundling distribution channel is on BNI’s captive market and business synergy expansion with BNI and non-BNI corporations. Employee Benefit Total target premi bisnis baru saluran distribusi Employee Benefit tahun 2018 adalah sebesar Rp.1.473 trilIun, dimana Rp660 miliar adalah target Employee Benefit Open Market dan Rp813 miliar merupakan target Employee Benefit Business Banking. 2. Employee Benefit The total target of new business premium of Employee Benefit distribution channel in 2018 is Rp1,473 trillion, of which Rp660 billion is the target of Employee Benefit Open Market and Rp813 billion is the target of Employee Benefit Business Banking. Sehubungan dengan strategi product mix, saluran distribusi Employee Benefit akan fokus kepada produk kesehatan kumpulan. Dalam mengakomodir kebutuhan pasar tertentu, saluran distribusi Employee Benefit akan menjual produk kesehatan kumpulan dengan konsep managed care yang ditargetkan untuk menyasar perusahaan BUMN. In connection with the product mix strategy, the Employee Benefit distribution channel will focus on group health products. In accommodating specific market needs, the Employee Benefit distribution channel will sell a set of health products with managed care concept targeted to state-owned enterprises. • 2. Annual Report 2017 | PT BNI Life Insurance Management Discussion and Analysis Produk BNI Life Plan Multipro, Maksima Pro dan Hy End Pro merupakan produk yang menjadi unggulan pada saluran distribusi Bancassurance Worksite. 167
  168. Tinjauan Keuangan Financial Review In line with the management policies , the Employee Benefit distribution channel has developed strategies and initiatives to achieve these targets, including: • Targeting new market segments through the launch of managed care health care products focused on SOEs. Another healthcare product sales strategy is to develop a Coordination of Benefit (COB) scheme with BPJS health. Agency Target premi bisnis baru channel distribusi Agency tahun 2018 adalah sebesar Rp453 miliar, di mana Rp201 miliar merupakan premi bisnis baru sekaligus dan Rp252 miliar adalah premi bisnis baru reguler. 3. Agency The target of new business premiums of agency distribution channel in 2018 is Rp453 billion, of which Rp201 billion is a new business premium at the same time and Rp252 billion is a new regular business premium. Pada saluran distribusi Agency, telah disiapkan sejumlah strategi untuk pencapaian target bisnis pada tahun 2018 seperti: a. Rekrutmen tenaga pemasar (Leader/agen) Agency yang dilakukan secara organik dan inorganik. b. Ekspansi bisnis pada kota-kota potensial. c. Peluncuran produk unit-link baru yang sejalan dengan arah Perseroan. In the Agency distribution channel, several strategies for achieving the 2018 business targets have been prepared, among others: a. Recruitment of both organic and inorganic Agency’s sales force (Leader/agent) b. Business expansion in potential cities. c. Launch of new unit-link product that aligns with the company's direction. 4. Business Development Disamping pertumbuhan bisnis organik, Perseroan menyiapkan juga pertumbuhan bisnis secara inorganik melalui kerjasama dengan mitra bisnis baru yang potensial dan profitable. 4. Business Development Besides the growth of organic business, the company also prepares the growth of inorganic business through cooperation with new potential and profitable business partners. 5. Premi Lanjutan Selain target pertumbuhan bisnis baru, Perseroan juga menetapkan beberapa kebijakan dan menyiapkan strategi terkait premi lanjutan seperti: a. Meningkatkan rasio persistency b. Meningkatkan rasio kolektibilitas prem c. Menyiapkan sejumlah strategi retensi nasabah 5. Continuing Premium In addition to the target of new business growth, the company also establishes several policies and prepares strategies related to continuing premium, such as: a. Increase the persistency ratio b. Increases the premium collectability ratio c. Setting up a number of customer retention strategies Analisis dan Pembahasan Manajemen Sejalan dengan kebijakan manajemen, saluran distribusi Employee Benefit telah menyusun strategi dan inisiatif untuk dapat mencapai target tersebut, antara lain: • Menyasar segmen pasar baru melalui peluncuran produk kesehatan kumpulan managed care yang difokuskan pada BUMN. Strategi penjualan produk kumpulan kesehatan lainnya adalah dengan mengembangkan skema koordinasi manfaat/Coordination of Benefit (COB) dengan BPJS kesehatan. • Menyiapkan platform sistem yang handal untuk dapat menunjang pertumbuhan bisnis Employee Benefit melalui implementasi new core system dan implementasi Sales Activity Monitoring System (SAMS) untuk memonitor dan efisiensi proses aktifivas penjualan. • Employee Benefit Open Market akan fokus pada akuisisi top 20 broker • Employee Benefit Business Banking menempatkan tenaga pemasar di luar Jakarta yang difokuskan pada pasar potensial dan Kantor Layanan Nasabah (KLN) BNI. • Melakukan sinergi dengan seluruh channel distribusi, melakukan joint selling, business referral • Menyiapkan sejumlah strategi dan inisiatif untuk meningkatkan kualitas dan produktivitas tenaga pemasar. 3. Target Jangka Pendek (1 Tahun) dan Jangka Menengah (3 Tahun) untuk unit Syariah Target 2018 adalah sebagai berikut: 1. Total aset termasuk dari kelolaan produk unitlink: Rp902,71 milyar. 2. Total kontribusi/premi bruto: Rp550 milyar. 3. Laba bersih: Rp51,61 milyar. 4. Solvabilitas Dana Tabarru’: 124%. 168 PT BNI Life Insurance | Laporan Tahunan 2017 • Setting up a reliable system platform to support Employee Benefit's business growth through the implementation of a new core system and the Sales Activity Monitoring System (SAMS) to monitor and efficiently process sales activities. • Employee Benefit Open Market will focus on acquiring top 20 brokers • Employee Benefit Business Banking places sales force outside Jakarta that are focused on potential markets and BNI Customer Service Offices (KLN). • Synergize with all distribution channels, conduct joint selling, business referrals • Prepare a number of strategies and initiatives to improve the quality and productivity of sales force. Short Term (1 Year) and Medium Term (3 Years) Targets for sharia unit The 2018 Targets are as follows: 1. Total assets including managed unitlink products: Rp902.71 billion. 2. Total gross contribution/premium: Rp550 billion. 3. Net profit: Rp51.61 billion. 4. Tabarru Funds Solvency: 124%.
  169. Tinjauan Keuangan Financial Review 5 . Tabarru Funds: Rp24.14 billion. 6. The implementation of new core system development project for business application in 2018. Untuk jangka menengah (tahun 2019), target Perseroan untuk unit usaha Syariah berturut-turut adalah total aset Rp1.193,10 miliar, total kontribusi bruto Rp700 miliar dan perolehan laba bersih sebesar Rp75 miliar. For the medium term (in 2019), the company's target for sharia business units are: total assets of Rp1,193.10 billion, total gross contribution of Rp700 billion and net profit of Rp75 billion. KEBIJAKAN DIVIDEN DIVIDEND POLICY Sesuai dengan risalah Rapat Umum Pemegang Saham Tahunan yang tertuang dalam Akta No. 156 tanggal 16 Maret 2017 dari Mala Mukti, S.H., LL.M notaris di Jakarta, pemegang saham menyetujui laba bersih tahun buku 2016 sebesar Rp183.949.896.026 dipergunakan untuk pembagian dividen sebesar Rp55.184.968.808 dan sisanya sebesar Rp128.764.927.218 dipergunakan sebagai laba ditahan. Pursuant to the minutes of Annual General Meeting of Shareholders as stipulated in the Deed No. 156 dated March 16, 2017 of Mala Mukti, SH, LL.M notary in Jakarta, the shareholders approved the net profit of fiscal year 2016 amounting to Rp183,949,896,026 to be used for dividend distribution amounted to Rp55,184,968,808 and the balance amounted to Rp128,764,927,218 as retained earnings. Jumlah dividen yang dibayarkan BNI Life kepada Pemegang Saham dalam 2 tahun terakhir adalah sebagai berikut: The amount of dividends paid by BNI Life to its Shareholders in the last 2 years is as follows: Management Discussion and Analysis Dana Tabarru: Rp24,14 miliar. Implementasi project pengembangan new core system untuk pengaplikasian bisnis pada tahun 2018. 5. 6. Tahun Buku Fiscal Year 2016 Laba Bersih Net Profit Jumlah Dividen Total Dividend Payout Ratio Dividen Per Lembar Saham Dividend Per Shares Tanggal Pembayaran Payment Date 2015 Rp183.950.000.000 Rp160.040.000.000 Rp55.185.000.000 Rp48.012.000.000 30% 30% Rp183,52 Rp159,67 30 Maret 2017 30 March 2017 29 Maret 2016 29 March 2016 PROGRAM KEPEMILIKAN SAHAM OLEH KARYAWAN DAN/ATAU MANAJEMEN EMPLOYEE AND/OR MANAGEMENT STOCK OWNERSHIP PROGRAM Hingga 31 Desember 2017, BNI Life tidak menjalankan program kepemilikan saham oleh karyawan dan/atau manajemen, sehingga tidak terdapat laporan mengenai hal tersebut yang dapat disampaikan pada laporan ini. Until December 31, 2017, the Company did not execute Stock Ownership Program for Employees and/or Management, therefore there are no related information is available to be included in this report. REALISASI PENGGUNAAN DANA HASIL PENAWARAN UMUM PROCEEDS FROM PUBLIC OFFERING BNI Life tidak melakukan penawaran umum di bursa saham mana pun, sehingga tidak terdapat laporan realisasi penggunaan dana hasil penawaran umum yang dapat disampaikan pada laporan ini. BNI Life had not made any public offering in a stock exchange, thus there are no report on the realization of the use of proceeds from public offering that can be included in this report. TRANSAKSI YANG MENGANDUNG BENTURAN KEPENTINGAN DAN TRANSAKSI DENGAN PIHAK AFILIASI TRANSACTION CONTAINING CONFLICT OF INTEREST AND/OR TRANSACTION WITH AFFILIATED PARTIES Dalam kegiatan usaha normal, Perseroan melakukan transaksi dengan pihak-pihak berelasi. Transaksi dengan pihak-pihak berelasi tersebut dilaksanakan dengan syarat dan kondisi yang sama sebagaimana dilakukan dengan pihak yang tidak mempunyai hubungan istimewa. In the normal course of business, the Company deals with related parties. Transactions with related parties are exercised on the same terms and conditions as those with non-related parties. Nama dan Sifat Hubungan Berelasi Name and Nature of Related Relationships Pihak-pihak berelasi adalah perusahaan dan perorangan yang mempunyai keterkaitan kepemilikan atau kepengurusan secara langsung maupun tidak langsung dengan BNI Life. Related parties are companies and individuals who have direct or indirect ownership or management relationship with BNI Life. Annual Report 2017 | PT BNI Life Insurance 169
  170. Tinjauan Keuangan Financial Review Analisis dan Pembahasan Manajemen Pemerintah Republik Indonesia merupakan pemegang saham Badan Usaha Milik Negara . The Government of the Republic of Indonesia is a shareholder of StateOwned Enterprises. PT Bank Negara Indonesia (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank BNI Syariah, PT Bank Mandiri (Persero) Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Bank Syariah Mandiri, PT Bank BRI Syariah, PT BNI Securities, PT Bank BTN Syariah, Majapahit Holding B.V, PT Pegadaian (Persero), PT Perusahaan Listrik Negara (Persero), Lembaga Pembiayaan Ekspor Indonesia, PT Danareksa Investment Management, PT BNI Asset Management, PT Aneka Tambang (Persero) Tbk, PT Telekomunikasi Indonesia Tbk, PT Jasa Marga (Persero) Tbk, PT Mandiri Manajemen Investasi, PT Perusahaan Gas Negara (Persero) Tbk, PT Bukit Asam (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Pembangunan Perumahan (Persero) Tbk, PT Semen Indonesia (Persero) Tbk, PT Permodalan Nasional Madani Investment Management, PT Waskita Karya (Persero) Tbk, PT Perkebunan Nusantara X (Persero), PT Wijaya Karya (Persero) Tbk, PT Permodalan Nasional Madani Venture Capital, PT Permodalan Nasional Madani (Persero), PT Pertamina EP, PT Hutama Karya (Persero), PT Adhi Persada Properti, Dana Pensiun PLN, PT Jamsostek (Persero), PT BNI Multifinance, PT Dok & Perkapalan Kodja Bahari (Persero), Perum Jaminan Kredit Indonesia, Dana Pensiun Merpati Nusantara Airlines, PT Sarana Multigriya Finansial, PT Mandiri Tunas Finance, PT Pelabuhan Indonesia (Persero), PT Timah (Persero) Tbk, PT Semen Gresik (Persero) Tbk, PT Aero Wisata, PT Transportasi Jakarta, PT Santika Pendopo Energi, PT Angkasa Pura Propertindo, PT Sarinah (Persero), PT Nindya Karya, PT Asuransi Jasa Indonesia (Persero), PT Petrokimia Gresik, PT Sucofindo Advisory Utama, PT Karya Citra Nusantara, PT Reasuransi Indonesia Utama (Persero), dan PT Reasuransi Nasional Indonesia adalah entitas yang dimiliki dan dikendalikan oleh Pemerintah Republik Indonesia. Perusahaan memiliki rekening giro, dana jaminan, deposito berjangka, efek-efek, piutang premi, piutang reasuransi, piutang hasil investasi, penyertaan saham, utang reasuransi, akrual dan utang lain-lain dan utang sewa pembiyaan di entitas-entitas tersebut. Perseroan juga memiliki obligasi yang dikeluarkan oleh Pemerintah Republik Indonesia. PT Bank Negara Indonesia (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank BNI Syariah, PT Bank Mandiri (Persero) Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Bank Syariah Mandiri, PT Bank BRI Syariah, PT BNI Securities, PT Bank BTN Syariah, Majapahit Holding B.V, PT Pegadaian (Persero), PT Perusahaan Listrik Negara (Persero), Lembaga Pembiayaan Ekspor Indonesia, PT Danareksa Investment Management, PT BNI Asset Management, PT Aneka Tambang (Persero) Tbk, PT Telekomunikasi Indonesia Tbk, PT Jasa Marga (Persero) Tbk, PT Mandiri Manajemen Investasi, PT Perusahaan Gas Negara (Persero) Tbk, PT Bukit Asam (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Pembangunan Perumahan (Persero) Tbk, PT Semen Indonesia (Persero) Tbk, PT Permodalan Nasional Madani Investment Management, PT Waskita Karya (Persero) Tbk, PT Perkebunan Nusantara X (Persero), PT Wijaya Karya (Persero) Tbk, PT Permodalan Nasional Madani Venture Capital, PT Permodalan Nasional Madani (Persero), PT Pertamina EP, PT Hutama Karya (Persero), PT Adhi Persada Properti, Dana Pensiun PLN, PT Jamsostek (Persero), PT BNI Multifinance, PT Dok & Perkapalan Kodja Bahari (Persero), Perum Jaminan Kredit Indonesia, Dana Pensiun Merpati Nusantara Airlines, PT Sarana Multigriya Finansial, PT Mandiri Tunas Finance, PT Pelabuhan Indonesia (Persero), PT Timah (Persero) Tbk, PT Semen Gresik (Persero) Tbk, PT Aero Wisata, PT Transportasi Jakarta, PT Santika Pendopo Energi, PT Angkasa Pura Propertindo, PT Sarinah (Persero), PT Nindya Karya, PT Asuransi Jasa Indonesia (Persero), PT Petrokimia Gresik, PT Sucofindo Advisory Utama, PT Karya Citra Nusantara, PT Reasuransi Indonesia Utama (Persero), and PT Reasuransi Nasional Indonesia are entity that are owned and controlled by the Government of the Republic of Indonesia. The Company has current accounts, statutory funds, time deposits, securities, premium receivables, reinsurance receivables, investment income receivables, investment in shares, reinsurance debts, accruals and other debts, and finance lease debts at these entities. The Company also has bonds issued by the Government of the Republic of Indonesia. Saldo Transaksi dengan Pihak Berelasi Transaction Balance with Related Parties dalam jutaan Rupiah in million Rupiah Uraian Description 2017 2016 Aset Assets Kas pada bank Cash in banks 77.195 64.983 Piutang premi Premium receivables 84.015 22.120 Piutang hasil investasi Investment income receivables 58.470 68.791 Piutang reasuransi Reinsurance receivables 18.302 17.462 Dana jaminan Statutory funds 250.945 17.462 Deposito berjangka Time deposits 704.712 626.153 4.884.864 3.766.529 1.500 1.500 Efek-efek Securities Penyertaan saham Investment in shares 170 PT BNI Life Insurance | Laporan Tahunan 2017
  171. Tinjauan Keuangan Financial Review dalam jutaan Rupiah in million Rupiah Uraian Description 2017 2016 6 .080.003 4.708.853 37,29% 36,03% 13.209 22.962 - 132 966 3.154 Total liabilitas dengan pihak berelasi Total liabilities with related parties 14.175 26.248 Persentase dari total liabilitas Percentage of total liabilities 0,13% 0,32% Persentase dari total aset Percentage of total assets Liabilitas Liabilities Utang reasuransi Reinsurance debts Akrual dan utang lain-lain Accruals and other debts Utang sewa pembiayaan Finance lease debts PERUBAHAN PERATURAN PERUNDANGUNDANGAN YANG BERPENGARUH TERHADAP PERUSAHAAN CHANGES IN REGULATIONS AFFECTING THE COMPANY Pada tahun 2017, terdapat sejumlah aturan baru yang diterbitkan oleh regulator yang memiliki dampak terhadap BNI Life. By 2017, there are a number of new regulations issued by regulators that have impact on BNI Life. Perubahan peraturan terbaru dan dampak terkait serta implementasi di tahun 2017 1. Periode Q1 The amendment of the latest and the impact of related and the implementation in 2017 NO. NAMA PERATURAN NAME OF REGULATION RINGKASAN SUMMARY Management Discussion and Analysis Total aset dengan pihak berelasi Total assets with related parties DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak : Penyesuaian terhadap laporan produk asuransi Surat Edaran Otoritas Jasa Keuangan No. 13/ SEOJK.05/2016 Tentang Pelaporan Produk Asuransi Bagi Perusahaan Asuransi 1 Circular Letter of the Financial Services Authority No. 13/SEOJK.05/2016 on Insurance Products Reporting For Insurance Companies SEOJK No. 13/SEOJK.05/2016 tentang pelaporan produk asuransi bagi perusahaan asuransi. SEOJK ini diperlukan untuk memperkuat definisi produk asuransi dan prosedur pada produk memperoleh persetujuan Tindak Lanjut : Telah dilakukan action plan oleh Divisi Product and Development Impact: SEOJK No. 13 /SEOJK.05 /2016 about reporting insurance Adjustments on insurance products report products for insurance companies. This SEOJK is required to strengthen the definition of insurance products and procedures Follow-up: on the product obtaining approval An action plan has been undertaken by the Product and Development Division Dampak : Penyesuaian terhadap hari kerja tahun 2017 2 Keputusan Bersama Menteri Ketenagakerja Nomor SKB 14 April 2016 Tentang Hari Libur Nasional dan Cuti Bersama Tahun 2017 Joint Decree of the Minister of Manpower No. SKB dated April 14, 2016 on National Holidays and Together Leave of 2017 Keputusan bersama menteri ketenagakerja ini diperlukan untuk pengaturan hari libur dan cuti di tahun 2017 This joint ministerial decree is required for holiday and leave arrangements in 2017 Tindak Lanjut : Telah dilakukan action plan oleh unit Human Resources Impact: Adjustments to the working days of 2017 Follow-up: An action plan has been undertaken by the Human Resources unit Annual Report 2017 | PT BNI Life Insurance 171
  172. Tinjauan Keuangan Financial Review NAMA PERATURAN NAME OF REGULATION NO . Analisis dan Pembahasan Manajemen Surat Edaran Otoritas Jasa Keuangan No. 10/ SEOJK.05/2016 Tentang Pedoman Penerapan Manajemen Resiko dan Laporan Hasil Penilaian Sendiri Penerapan Manajemen Resiko Bagi Lembaga Jasa Keuangan Non Bank 3 Circular Letter of the Financial Services Authority No. 10/SEOJK.05/2016 on Guidelines on Risk Management Implementation and Self-Assessment Report on Risk Management for Non Bank Financial Institutions Surat Edaran Otoritas Jasa Keuangan No. 21/SEOJK. 05/2016 Tentang Pencabutan Surat Edaran Otoritas Jasa Keuangan Nomor 24/SEOJK.05/2015 tentang Penilaian Investasi Surat Utang dan Penyesuaian Modal Minimum Berbasis Risiko Bagi Perusahaan Asuransi dan Reasuransi 4 Circular Letter of the Financial Services Authority No. 21/SEOJK. 05/2016 on the Revocation of Circular Letter of the Financial Services Authority No. 24/ SEOJK.05/2015 on Securities Investment Valuation and Risk-Based Minimum Capital Adjustment for Insurance and Reinsurance Companies 2. Circular Letter of the Financial Services Authority No. 18/SEOJK.05/2016 on Insurance Products Reporting for Sharia Insurance Companies and Insurance Companies, which Conduct Some Part of Their Business Based on Sharia Principles Periode Q2 NO. 1 Dampak : Penyesuaian terhadap penyusunan pedoman penerapan manajemen risiko, juga bentuk susunan dan tata cara penyampaian laporan hasil penilaian sendiri Tindak Lanjut : Telah dilakukan action plan oleh unit terkait Impact: SEOJK No. 10/SEOJK.05/2016 on Guidelines on risk Adjustments to the preparation of risk management management implementation and self-assessment report on implementation guidelines, as well as the form of risk management for non-bank financial services institutions. structure and procedure of report submission of the This SEOJK is required to further regulate the procedure for self-assessment results preparing guidelines of risk management implementation as Follow-up: well as the form, structure and procedure of report submission An action plan has been undertaken by the relevant of self-assessment results on risk management for non-bank units financial services institutions. SEOJK No 21 /SEOJK.05/2016 tentang pencabutan surat edaran otoritas jasa keuangan nomor 24/SEOJK.05/2015 tentang penilaian investasi surat utang dan penyesuaian modal minimum berbasis risiko bagi perusahaan asuransi dan reasuransi, SEOJK ini menetapkan pencabutan dengan Dampak & Tindak lanjut : memperhatikan kondisi perekonomian dan pasar saat ini maka Telah dilakukan penyesuaian terhadap regulasi perlu melakukan penetapan SEOJK No 24/SEOJK.05/2015 terkait Impact & Follow Up: SEOJK No. 21/SEOJK.05/2016 on the revocation of Adjustments have been made to the related circular letter of the financial services authority No. 24/ regulations SEOJK.05/2015 on securities investment valuation and minimum risk-based capital adjustment for insurance and reinsurance companies, this SEOJK stipulated revocation with due regard to current economic condition and market, the establishment of SEOJK No. 24/SEOJK.05/2015 was necessary SEOJK No. 18/SEOJK.05/2016 on reporting of insurance products for, sharia insurance and insurance companies that conduct some of their business based on sharia principles. This SEOJK needs to further regulate about the procedures, forms and format of insurance products reporting for sharia insurance companies. Dampak : Penyesuaian terhadap regulasi terkait yang mengatur lebih lanjut mengenai tata cara, bentuk dan format pelaporan produk asuransi bagi perusahaan asuransi Syariah Tindak lanjut : Telah dilakukan penyesuaian Impact: Adjustments to related regulation that further regulates the procedures, forms and format of insurance products reporting for sharia insurance companies Follow-up: Adjustments have been made 2. Q2 Period NAMA PERATURAN NAME OF REGULATION Peraturan Pemerintah No 1 Tahun 2017 Tentang Akses Informasi Keuangan untuk Kepentingan Perpajakan Government Regulation No. 1 of 2017 on Access to Financial Information for Tax Interests Peraturan Otoritas Jasa Keuangan Nomor 17/POJK.05/2017 Tentang Tata cara pengenaan sanksi administrative di bidang perasuransian dan pemblokiran kekayaan perusahaan asuransi, perusahaan asuransi Syariah, perusahaan reasuransi dan perusahaan reasuransi Syariah 2 DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP SEOJK No 10/SEOJK.05/2016 tentang Pedoman penerapan manajemen resiko dan laporan hasil penilaian sendiri penerapan manajemen resiko bagi lembaga jasa keuangan non bank. SEOJK ini diperlukan untuk mengatur lebih lanjut mengenai tata cara penyusunan pedoman penerapan manajemen risiko serta bentuk, susunan dan tata cara penyampaian laporan hasil penilaian sendiri penerapan manajemen risiko bagi lembaga jasa keuangan non bank. SEOJK No 18/SEOJK.05/2016 tentang pelaporan produk Surat Edaran Otoritas Jasa keuangan No 18/ asuransi bagi, perusahaan asuransi Syariah dan perusahaan SEOJK.05/2016 Tentang Pelaporan Produk Asuransi asuransi yang menyelenggarakan sebagian usahanya Bagi Perusahaan Asuransi Syariah dan Perusahaan berdasarkan prinsip Syariah. SEOJK ini perlu mengatur lebih Asuransi Yang Menyelenggarakan Sebagian Usahanya lanjut mengenai tata cara, bentuk dan format pelaporan Berdasarkan Prinsip Syariah produk asuransi bagi perusahaan asuransi Syariah. 5 172 RINGKASAN SUMMARY Regulation of the Financial Services Authority No. 17/POJK.05/2017 on the Procedures for the administrative sanction imposition in the field of insurance and the wealth blocking of the insurance, sharia insurance, reinsurance, and sharia reinsurance companies PT BNI Life Insurance | Laporan Tahunan 2017 RINGKASAN SUMMARY Peraturan pemerintah ini meningkatkan kewenangan akses otoritas pajak Indonesia dalam menerima dan memperoleh informasi keuangan This government regulation increases the access of Indonesian tax authorities in receiving and obtaining financial information DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan & Telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan POJK ini diperlukan untuk mengatur jenis sanksi administrative di bidang perasuransian, prosedur dan tata cara pengenaan sanksi administrative, prosedur dan tata cara pengajuan keberatan atas sanksi administrative, prosedur dan tata cara pengakhiran dan pencabutan sanksi administrative, pemblokiran dan tata cara Dampak & Tindak Lanjut : pemblokiran kekayaan perusahaan asuransi, perusahaan asuransi Syariah, perusahaan reasuransi dan perusahaan reasuransi Penyesuaian terhadap peraturan & Telah dilakukan syariah action plan oleh unit terkait Impact & Follow Up: This POJK is required to regulate the types of administrative Adjustments to the regulation and the relevant units sanctions in the field of insurance, procedures and methods for have undertaken an action plan imposing administrative sanctions, procedures and methods for appealing administrative sanctions, procedures and methods for terminating and revoking administrative sanctions, blocking and procedures for blocking the wealth of insurance, sharia insurance, reinsurance and sharia reinsurance companies
  173. Tinjauan Keuangan Financial Review NO . 4 Peraturan Otoritas Jasa Keuangan No 12/ POJK.01/2017 Tentang Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme Di Sektor Jasa Keuangan Regulation of the Financial Services Authority No. 12/POJK.01/2017 on the Implementation of Anti-Money Laundering and Counter-Terrorism Financing Program in Financial Services Sector Surat Edaran Otoritas Jasa Keuangan No 16/SEOJK.03/2017 Tentang Penyampaian Informasi Nasabah Asing Terkait Perpajakan Dalam Rangka Pertukaran Informasi Secara Otomatis Antar negara Dengan Menggunakan Standar Pelaporan bersama (Common Reporting Standar) RINGKASAN SUMMARY POJK ini diperlukan untuk penerapan program anti pencucian uang dan pencegahan pendanaan terorisme di sektor jasa keuangan, pengawasan aktif Direksi dan dewan komisaris, kebijakan dan prosedur, penerapan program APU dan PPT di jaringan kantor dan anak perusahaan, sistem informasi manajemen, sumber daya manusia dan pelatihan serta pelaporan This POJK is required for the implementation of anti-money laundering and terrorism financing programs in the financial services sector, active supervision of the Board of Directors and Board of Commissioners, policies and procedures, implementation of APU and PPT programs in office and subsidiary networks, management information systems, human resources and training as well as reporting SEOJK ini diperlukan untuk keperluan dalam penyampaian informasi nasabah Circular Letter of the Financial Services Authority No. 16/SEOJK.03/2017 on the Submission of Information on Foreign Customer Related to Taxation in the Framework of International Automatic Information Exchange By Using Common Reporting Standards This SEOJK is necessary for the purpose of delivering customer information SEOJK ini diperlukan untuk mengatur mengenai bentuk, susunan dan tata cara penyampaian laporan pelaksanaan penempatan reasuransi/retrosesi 5 Surat Edaran Otoritas Jasa keuangan No 17/SEOJK.05/2017 Tentang Laporan Pelaksanaan Penempatan reasuransi/ Retrosesi Circular Letter of the Financial Services Authority No. 17/SEOJK.05/2017 on Report on the Implementation of Reinsurance Placement/Retrocession 6 Peraturan Menteri Keuangan No 73/ PMK.03/2017 Tentang Perubahan Atas Peraturan Menteri Keuangan Nomor 70/ PMK.03/2017 Tentang Petunjuk Teknis Mengenai Akses Informasi Keuangan Untuk Kepentingan Perpajakan Regulation of the Minister of Finance No. 73/PMK.03/2017 on the Amendment to Regulation of the Minister of Finance No. 70/PMK.03/2017 on Technical Guidelines on Access to Financial Information for Tax Interests 7 8 Surat Edaran Otoritas Jasa Keuangan No 22/SEOJK.05/2017 Tentang Dasar Penilaian Aset Dalam Bentuk Investasi dan Bukan Investasi Bagi Perusahaan Asuransi dan Perusahaan Reasuransi Circular Letter of the Financial Services Authority No. 22/SEOJK.05/2017 on the Basis of Assets Assessment in the Form of Investment and Non-Investment for Insurance and Reinsurance Companies Surat Edaran Otoritas Jasa Keuangan No 23/SEOJK.05/2017 Tentang Dasar Penilaian Aset Dalam Bentuk Investasi dan Bukan Investasi Bagi Perusahaan Asuransi dan Perusahan Reasuransi Dengan Prinsip Syariah Circular Letter of the Financial Services Authority No. 23/SEOJK.05/2017 on the Basis of Assets Assessment in the Form of Investment and Non-Investment for Insurance and Reinsurance Companies Under Sharia Principles This SEOJK is required to regulate the form, structure and procedure of report submission of the placement of reinsurance/ retrocession implementation PMK ini diperlukan sebagai petunjuk teknis mengenai akses informasi keuangan untuk kepentingan perpajakan. This PMK is required as a technical guidance on accessing financial information for tax purposes. SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai dasar penilaian aset dalam bentuk investasi bagi perusahaan asuransi dan perusahaan reasuransi This SEOJK is required to regulate provisions concerning the basis of assets valuation in the form of investments for insurance and reinsurance companies SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai dasar penilaian aset dalam bentuk investasi bagi perusahaan asuransi dan perusahaan reasuransi dengan prinsip Syariah This SEOJK is required to regulate provisions concerning the basis of assets valuation in the form of investments for insurance and reinsurance companies under sharia principles DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan & Telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan Management Discussion and Analysis 3 NAMA PERATURAN NAME OF REGULATION Dampak & Tindak lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan Dampak & Tindak lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan Annual Report 2017 | PT BNI Life Insurance 173
  174. Tinjauan Keuangan Financial Review NO . Analisis dan Pembahasan Manajemen 9 10 11 12 13 14 174 NAMA PERATURAN NAME OF REGULATION Surat Edaran Otoritas Jasa Keuangan No 24/SEOJK.05/2017 Tentang Pedoman Perhitungan Jumlah Modal Minimum Berbasis Risiko Bagi Perusahaan Asuransi dan Perusahaan Reasuransi Circular Letter of the Financial Services Authority No. 24/SEOJK.05/2017 on Guidelines for Calculating Risk-Based Minimum Capital for Insurance and Reinsurance Companies Surat Edaran Otoritas Jasa Keuangan No 25/SEOJK.05/2017 Tentang Pedoman Perhitungan Jumlah Dana Tabarru dan Dana Tanahud Minimum berbasis risiko dan Modal Minimum Berbasis Risiko Bagi Perusahaan Asuransi Dan Perusahaan Reasuransi Dengan Prinsip Syariah Circular Letter of the Financial Services Authority No. 25/SEOJK.05/2017 on Guidelines for Calculating Risk-Based Minimum Tabarru Funds and Tanahud Funds, and Risk-Based Minimum Capital for Insurance and Reinsurance Companies Under Sharia Principles Surat Edaran Otoritas Jasa Keuangan No 26/SEOJK.05/2017 Tentang Persetujuan Penempatan Investasi Dan Bukan Investasi Pada Perusahaan Reasuransi, Perusahaan Asuransi Syariah dan Perusahaan Reasuransi Syariah Circular Letter of the Financial Services Authority No. 26/SEOJK.05/2017 on Approval of Investment and Non-Investment Placement in Reinsurance, Sharia Insurance and Sharia Reinsurance Companies Surat Edaran Otoritas Jasa Keuangan No 27/SEOJK.05/2017 Tentang Pedoman Pembentukan Cadangan Teknis Bagi Perusahaan Asuransi dan Perusahaan Rerasuransi Circular Letter of the Financial Services Authority No. 27/SEOJK.05/2017 on Guidelines for the Establishment of Technical Reserves for Insurance Companies and Reinsurance Companies Surat Edaran Otoritas Jasa keuangan No 28/SEOJK.05/2017 Tentang Pedoman Pembentukan Penyisihan Teknis Bagi Perusahaan Asuransi dan Perusahaan Reasuransi Dengan Prinsip Syariah Circular Letter of the Financial Services Authority No. 28/SEOJK.05/2017 on Guidelines for the Establishment of Technical Reserves for Insurance and Reinsurance Companies Under Sharia Principles Surat Edaran Otoritas Jasa Keuangan Nomor 29/SEOJK.05/2017 Tentang Laporan Aktuaris Tahunan Perusahaan Asuransi, Perusahaan Reasuransi, Perusahaan Asuransi Syariah dan Perusahaan Reasuransi Syariah Circular Letter of the Financial Services Authority No. 29/SEOJK.05/2017 on Annual Actuary Statements of Insurance, Reinsurance, Sharia Insurance and Sharia Reinsurance Companies PT BNI Life Insurance | Laporan Tahunan 2017 RINGKASAN SUMMARY SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman perhitungan jumlah modal minimum berbasis risiko bagi perusahaan asuransi dan perusahaan reasuransi This SEOJK is required to regulate the provisions concerning the calculation of minimum risk-based capital requirement for insurance and reinsurance companies DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman perhitungan jumlah dana tabarru dan dana tanahud minimum berbasis risiko dan modal minimum berbasis risiko bagi perusahaan asuransi dan perusahaan reasuransi dengan prinsip Syariah This SEOJK is required to regulate provisions regarding guidelines on calculating the amount of risk-based minimum tabarru funds and tanahud funds and risk-based minimum capital for insurance and reinsurance companies under sharia principles Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan SEOJK ini diperlukan untuk mengatur ketentuan mengenai persetujuan penempatan investasi yang melebihi batasan, penempatan atas aset yang diperlukan dalam bentuk bukan investasi pada aset asuransi yang bersumber dari perjanjian kontrak jangka panjang program reasuransi dukungan modal, biaya akuisisi yang ditangguhkan. This SEOJK is required to regulate provisions concerning the approval of placement of investment that exceed the limits, placement of required assets in the form of non-investment in insurance assets derived from long-term contracts of capital support reinsurance programs, deferred acquisition cost. Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman pembentukan cadangan teknis bagi perusahaan asuransi dan perusahaan reasuransi This SEOJK is required to regulate provisions regarding guidelines for establishing technical reserves for insurance and reinsurance companies Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman pembentukan penyisihan teknis bagi perusahaan asuransi dan perusahaan reasurasni dengan prinsip Syariah This SEOJK is required to regulate provisions regarding guidelines for establishing technical reserves for insurance and reinsurance companies under sharia principles Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai bentuk dan susunan laporan aktuaris tahunan perusahaan asuransi, perusahaan reasuransi Syariah. This SEOJK is required to regulate provisions regarding the form and structure of the annual actuary report of insurance companies, sharia reinsurance companies. Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustments to the regulation and the relevant units have undertaken an action plan.
  175. Tinjauan Keuangan Financial Review 3 . Periode Q3 1 2 3 4 5 Surat Edaran Otoritas Jasa Keuangan 37/05/2017 Tentang Pedoman Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorismen Di Sektor Industri Keuangan Non Bank RINGKASAN SUMMARY DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Circular Letter of the Financial Services Authority 37/05/2017 About Guidelines for Implementation of Anti Money Laundering and Terrorism Finance Programs in the NonBank Financial Industry Sector Surat Edaran ini mengatur terkait dengan penerapan program APU dan PPT berbasis risiko (risk based approach), pengawasan aktif direksi dan dewan komisaris, kebijakan dan prosedur, Penyesuaian terhadap ketentuan yang ada di dalam & pengendalian intern serta informasi manajemen dan sumber daya telah dilakukan action plan atas requirement yang ada manusia dan pelatihan Adjustments to the provisions contained in the regulation and an action plan based on existing This Circular Letter regulates the implementation of APU and requirements has been carried out. PP programs with risk based approach, active supervision of Board of Directors and Board of Commissioners, policies and procedures, internal control and management information and human resource and training Peraturan Otoritas Jasa Keuangan Nomor 55/POJK.05/2017 Tentang Laporan berkala perusahaan perasuransian Peraturan Otoritas Jasa Keuangan ini diperlukan untuk mengatur penyusunan laporan berkala perusahaan perasuransian, penyampaian laporan berkala perusahaan perasuransian serta sanksi administrative Regulation of the Financial Services Authority No. 55/POJK.05/2017 on the Insurance Company's Periodic Report This Financial Services Authority Regulation is required to regulate the preparation of periodic reports of insurance companies, the submission of periodic reports of insurance companies and administrative sanctions Peraturan Otoritas Jasa Keuangan No 12/ POJK ini diperlukan untuk penerapan keuangan berkelanjutan, POJK.01/2017 Tentang Penerapan Keuangan pemberian insentif Berkelanjutan Bagi Lembaga Jasa Keuangan, Emiten dan Perusahaan Publik This POJK is required for the implementation of sustainable finance, incentives Regulation of the Financial Services Authority No. 12/POJK.01/2017 On the Implementation of Sustainable Finance for Financial Services Institutions, Issuers and Public Companies Peraturan Otoritas Jasa Keuangan No 56/ POJK.05/2017 Tentang Perubahan Kedua Atas Peraturan Otoritas Jasa Keuangan Nomor 1/POJK.05/2016 Tentang Investasi Surat Berharga Negara Bagi Lembaga Jasa Keuangan Non Bank Regulation of the Financial Services Authority No. 56/POJK.05/2017 on the Second Amendment to the Regulation of the Financial Services Authority No. 1/ POJK.05/2016 on Investment of Government Securities for Non-Bank Financial Institutions POJK ini mengubah ketentuan yang ada di dalam pasal 4a This POJK amended the provisions contained in article 4a Surat Edaran Otoritas Jasa keuangan No 46/ SEOJK.05/2017 Tentang Pengendalian fraud, penerapan strategi anti fraud dan laporan strategi anti fraud bagi perusahaan asuransi, perusahaan asuransi Syariah, perusahaan SEOJK ini diperlukan untuk mengatur mengenai ketentuan reasuransi, perusahaan reasuransi Syariah pelaksanaan mengenai pengendalian fraud, penerapan strategi atau unit Syariah anti fraud dan laporan strategi anti fraud Circular Letter of the Financial Services Authority No. 46/SEOJK.05/2017 on Fraud control, implementation of anti fraud strategy and anti fraud strategy report for insurance, sharia insurance, reinsurance, sharia reinsurance companies or sharia unit This SEOJK is required to regulate provisions regarding fraud control, the application of anti fraud strategy and anti fraud strategy report Management Discussion and Analysis NO. 3. Q3 Period NAMA PERATURAN NAME OF REGULATION Penyesuaian terhadap peraturan & telah dilakukan action plan oleh unit terkait Adjustments to the regulation and the relevant units have undertaken an action plan. Penyesuaian terhadap peraturan & telah dilakukan action plan oleh unit terkait Adjustments to the regulation and the relevant units have undertaken an action plan. Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Adjustments to the regulation and the relevant units have undertaken an action plan. Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Adjustments to the regulation and the relevant units have undertaken an action plan. Annual Report 2017 | PT BNI Life Insurance 175
  176. Tinjauan Keuangan Financial Review 4 . 4. Q4 Period Analisis dan Pembahasan Manajemen NAMA PERATURAN NAME OF REGULATION RINGKASAN SUMMARY 1 Rancangan Surat Peraturan Otoritas Jasa Keuangan (“RPOJK”) Nomor …./ POJK.05/2017 tentang Pendanaan Dana Pensiun Draft Regulation of the Financial Services Authority ("RPOJK") No .. /POJK.05/2017 on Funding of Pension Funds RPOJK ini diperlukan untuk mengatur ketentuan mengenai Pemberi kerja dapat membayar kontribusi untuk dan atas nama karyawan dan karyawan mempersiapkan pernyataan berhubungan dengan jumlah kontribusi dan tanggal jatuh tempo. Dana berasal dari perusahaan/karyawan dan /atau bunga dana This RPOJK is required to regulate the provisions concerning Employers may pay contributions to and on behalf of employees and employees preparing statements relating to the amount of contributions and due dates. Funds is derived from companies/ employees and/or interest funds 2 RPOJK ini diperlukan untuk mengatur ketentuan mengenai Jenis Rancangan Surat Peraturan Otoritas laporan yang harus diserahkan kepada OJK seperti laporan Jasa Keuangan (“RPOJK”) Nomor …./ bulanan, laporan tahunan dan lain-lain POJK.05/2017 tentang Laporan Berkala Dana Pensiun This RPOJK is required to regulate the provisions on types of reports that must be submitted to OJK such as monthly report, Draft of Regulation of the Financial Services annual report and more Authority ("RPOJK") No .. /POJK.05/2017 on Periodical Report of Pension Funds 3 RPOJK ini diperlukan untuk mengatur ketentuan mengenai GCG harus dilaksanakan dalam bentuk: e.Tanggung jawab dan akuntabilitas pengelolaan dan pengawas f.Divisi dan komite yang melaksanakan pengendalian internal dana pensiun g.Pelaksanaan Kepatuhan, Internal Auditor dan Fungsi Auditor Eksternal h.Penerapan Manajemen Risiko Rancangan Surat Peraturan Otoritas i. Remunerasi Jasa Keuangan (“RPOJK”) Nomor …./ j. Rencana Bisnis; POJK.05/2017 tentang Tata Kelola Yang Baik k.Transparansi Keuangan dan Non Keuangan Bagi Dana Pensiun Draft of Regulation of the Financial Services This RPOJK is required to regulate the provisions on GCG to be Authority ("RPOJK") No ... /POJK.05/2017 on implemented in the form of: Good Governance for Pension Funds a. Responsibility and accountability of management and supervisor b. Divison and committees that implement internal pension controls c. Compliance, Internal Auditor and External Auditor Function d. Risk Management Implementation e. Remuneration f. Business plan g. Financial and Non Financial Transparency NO. 4 176 Periode Q4 PSAK 71 (Adopsi IFRS 9 amandemen) untuk perubahan regulasi dalam persyaratan yang terkait dengan instrumen keuangan seperti klasifikasi dan pengukuran, penurunan nilai, dan akuntansi lindung nilai PSAK 71 (IFRS 9 amendment adoption) for regulatory changes in requirements relating to financial instruments such as classification and measurement, impairment, and hedge accounting PT BNI Life Insurance | Laporan Tahunan 2017 Peraturan ini diperlukan untuk mengatur ketentuan Jika aset keuangan adalah instrumen hutang yang sederhana dan tujuan dari model bisnis entitas adalah untuk memperoleh arus kas kontraktual, aset keuangan diukur pada biaya perolehan diamortisasi, sebaliknya jika aset keuangan dimiliki oleh model bisnis untuk memperoleh kontrak arus kas dan perdagangan, aset diukur pada nilai wajar dan disajikan dalam laporan posisi keuangan; Model kerugian penurunan nilai kredit yang diharapkan; This regulation is necessary to regulate the provisions If a financial asset is a simple debt instrument and the purpose of the entity's business model is to obtain a contractual cash flow, the financial asset is measured at amortized cost, otherwise if a financial asset is owned by the business model to obtain cash flow and trading contract, the assets are measured at fair value and presented in the statements of financial position; Loss of expected credit loss model; DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait. Adjustments to the regulation and the relevant units will undertake an action plan. Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait. Adjustments to the regulation and the relevant units will undertake an action plan. Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait. Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait.
  177. Tinjauan Keuangan Financial Review CHANGES IN ACCOUNTING POLICIES IMPLEMENTED IN THE LAST FISCAL YEAR Berikut ini adalah standar baru , revisi dan interpretasi yang telah diterbitkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK-IAI): The following are the new standards, revisions and interpretations that have been published by the Financial Accounting Standard Board of the Indonesian Institute of Accountants (DSAK-IAI): No Kebijakan Akuntansi Accounting Policy Dampak Terhadap Laporan Keuangan BNI Life Impact on BNI Life’s Financial Statements 1 Amandemen PSAK No. 1, Penyajian Laporan Keuangan tentang Prakarsa Pengungkapan Amendment of PSAK No. 1, Presentation of Financial Statements on Disclosure Initiatives Tidak berdampak No impact 2 Amandemen PSAK No. 3, Penyajian Laporan Keuangan tentang Laporan Keuangan Interim Amendment of PSAK No. 3, Presentation of Financial Statements on Interim Financial Reports Tidak berdampak No impact 3 PSAK No. 24 (Penyesuaian 2016), Imbalan Kerja PSAK No. 24 (2016 Adjustment), Employee Benefits Tidak berdampak No impact 4 PSAK No. 60 (Penyesuaian 2016), Instrumen Keuangan : Pengungkapan PSAK No. 60 (2016 Adjustment), Financial Instruments: Disclosure Tidak berdampak No impact 5 PSAK No. 101 (Revisi 2016), Penyajian Laporan Keuangan Syariah PSAK No. 101 (2016 Revision), Presentation of Sharia Financial Statements Tidak berdampak No impact 6 PSAK No. 108 (Revisi 2016), Akuntansi Transaksi Asuransi Syariah PSAK No. 108 (2016 Revision), Accounting for Sharia Insurance Transactions Penyajian aset reasuransi dan ujrah Presentation of reinsurance assets and ujrah INFORMASI KELANGSUNGAN USAHA INFORMATION ON BUSINESS CONTINUITY Tidak terdapat hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha Perseroan pada tahun buku terakhir. Hal ini didasari oleh prospek pertumbuhan industri asuransi jiwa di Indonesia masih diprediksi cerah kendati kondisi perekonomian masih belum stabil dan berada pada jalur yang tepat untuk terus tumbuh secara berkesinambungan. Pada masa mendatang, Perseroan akan terus mengoptimalkan dan mengembangkan saluran distribusi produk dan layanan yang beragam serta berkualitas. There were no occuerences that may potentially have significant impact on the Company’s business continuity in the last fiscal year. This is based on the life insurance industry that still has a bright business prospect in Indonesia despite the unstable economic condition and is yet to be on the right track to sustainably grow. Looking ahead, the Company will continue to optimize and develop a variety product distribution channels and services with high quality. RENCANA STRATEGIS STRATEGIC PLAN Kebijakan Manajemen 2018 Management Policy in 2018 Untuk pencapaian tujuan jangka pendek Perseroan tahun 2018, disepakati beberapa kebijakan utama yang akan dilakukan sebagai berikut: In order to achieve the company's short term objectives of 2018, several key policies will be carried out as follows: 1. Kebijakan Produk • Perseroan akan fokus untuk mendorong pertumbuhan bisnis yang sehat dengan menjual produk unit-link premi reguler untuk menjaga tingkat profitabilitas sesuai target Perseroan • Perseroan tidak lagi menjual produk-produk yang memberikan jaminan nilai investasi. • Perseroan akan memperbaiki struktur biaya produk unitlink dan inisiatif produk lainnya untuk memaksimalkan keuntungan Perseroan. 1. Product Policy • The company will focus on encouraging healthy business growth by selling regular premium unit-link products to maintain profitability level targeted by the Company • The company will no longer sells products that guarantee investment value. • The company will improve the cost structure of unit-link products and other product initiatives to maximize corporate profits. 2. Kebijakan Investasi • Target tingkat pengembalian Shareholder Fund sebesar 9,3% • Target tingkat pengembalian underlying asset untuk produk tradisional sebesar 8,5% 2. Investment Policy • The target of Shareholder Fund return rate is at 9.3% Management Discussion and Analysis PERUBAHAN KEBIJAKAN AKUNTANSI YANG DITERAPKAN PADA TAHUN BUKU TERAKHIR • The target of underlying assets for traditional products return rate is 8.5% Annual Report 2017 | PT BNI Life Insurance 177
  178. Tinjauan Keuangan Financial Review Target performa sub dana investasi unit link sebesar 2 % diatas rata-rata kompetitor. Frekuensi transaksi trading yang lebih besar atas instrument berbasis saham dan obligasi serta penawaran pertama saham (IPO). Melakukan evaluasi secara berkala terhadap performa Fund Manager. • The target of sub unit link investment funds performance of 2% above the competitor’s average. • The frequency of larger trading transactions on stock and bondbased instruments as well as the initial public offering (IPO). 3. Kebijakan Pemasaran • Mendorong pertumbuhan bisnis baru dan premi lanjutan dengan target pertumbuhan di atas rata-rata pertumbuhan industri, di mana Perseroan telah menyiapkan sejumlah inisiatif strategis untuk mencapai target Perseroan. • Meningkatkan market share Perseroan di atas rata-rata industri. • Memaksimalkan potensi ceruk pasar captive melalui sinergi dengan BNI group. • Melakukan strategi segmentasi pasar berdasarkan demografi (Bancassurance), pendapatan (Agency) serta berdasarkan industri (Employee Benefit). • Menciptakan peluang ekspansi inorganik melalui kerja sama dengan mitra bisnis baru yang potensial seperti Bank Daerah, e-commerce ataupun potensi bisnis digital lainnya. • Mendorong pertumbuhan premi lanjutan dengan menetapkan target tingkat persistensi tahun 2018 sebesar 70% dan menyiapkan sejumlah inisiatif strategis untuk mencapai target yang ditetapkan. 3. Marketing Policy • Encourage the growth of new business and continuing premiums with growth targets above the industry's average growth, in which the company has set up a number of strategic initiatives to achieve its target. • Increase the company's market share above the industry’s average. Maximize the potential of captive market niche through synergy with BNI group. • Conduct market segmentation strategy based on demography (Bancassurance), Income (Agency) as well as by industry (Employee Benefit). • Create opportunities for inorganic expansion through cooperation with potential new business partners such as Regional Bank, e-commerce or other digital business potential. • Encourage continuing premium growth by setting a 2018 persistence target of 70% and preparing a number of strategic initiatives to achieve the targets set. 4. Kebijakan SDM • Meningkatkan produktivitas seluruh lini organisasi mulai dari front, middle dan back-office. • Menciptakan budaya kerja yang bertujuan untuk meningkatkan kualitas sumber daya manusia melalui berbagai program pelatihan dan training yang lebih baik dan secara terus menerus diperbaiki dari sisi materi, metodologi dan kualifikasi pengajar. 4. HR policy • Increase productivity of all lines of organization from front, middle and back-office. • Create a work culture that aims to improve the quality of human resources through better education and training programs, which are continuously improved in terms of materials, methodology and qualifications of teachers. 5. Kebijakan Operasional • Berkomitmen secara terus menerus untuk memberikan tingkat kepuasan yang tinggi kepada nasabah dengan melakukan perbaikan secara berkesinambungan atas kualitas layanan yang didukung oleh sistem yang handal dan terintegrasi serta penerapan digitalisasi. • Penerapan layanan klaim 25 menit sebagai komitmen pelayanan terbaik kepada nasabah. • Menambah kantor layanan baru dan executive lounge di rumah sakit rekanan. • Untuk mendukung seluruh inisiatif operasional dan pemasaran perusahaan tahun 2018 di atas, dilakukan strategi berikut: 1. Menjaga pertumbuhan rasio OPEX sebesar 16% 5. Operational Policy • Continuous commitment to deliver a high level of customer satisfaction by continuously improving the quality of services supported by a reliable and integrated system and the application of digitalization. • Analisis dan Pembahasan Manajemen 178 • • PT BNI Life Insurance | Laporan Tahunan 2017 • Conduct periodic evaluations of Fund Manager performance. • Implementation of a 25 minute claim service as the best service commitment to customers. • Add new service offices and executive lounges at partner hospitals. • To support all of the above 2018 operational and marketing initiatives, the following strategies are undertaken: 1. Maintain growth of OPEX ratio by 16%
  179. Tinjauan Keuangan Financial Review Management Discussion and Analysis Annual Report 2017 | PT BNI Life Insurance 179
  180. Tata Kelola Perusahaan Good Corporate Governance
  182. Tata Kelola Perusahaan Good Corporate Governance TATA KELOLA PERUSAHAAN 182 Tata Kelola Perseroan yang baik (Good Corporate Governance/GCG) merupakan salah satu bentuk mekanisme pengendalian Perseroan dalam rangka mencapai tujuan dan harapan seluruh pihak yang berkepentingan sesuai dengan peranannya. GCG merupakan landasan operasional untuk memastikan seluruh proses dan mekanisme yang terjadi dalam mencapai tujuan Perseroan dan mencegah terjadinya penyimpangan dan risiko yang dapat mengakibatkan kegagalan pencapaian tujuan Perseroan. Good Corporate Governance (GCG) is one form of corporate control mechanism in order to achieve the goals and expectations of all interested parties in accordance with its role. GCG is the operational basis for ensuring all processes and mechanisms that occur in achieving corporate objectives and prevent the occurrence of irregularities and risks that may result in failure to achieve the objectives. Penerapan GCG bagi BNI Life bukan semata mematuhi peraturan perundang-undangan (compliance) yang berlaku namun juga upaya terus menerus untuk melakukan inovasi dan penyempurnaan secara berkesinambungan dalam penerapan prinsip-prinsip GCG untuk dapat memberikan nilai tambah kepada seluruh stakeholders, sehingga pada akhirnya dapat menciptakan kinerja bisnis yang tumbuh secara berkelanjutan. For BNI Life, the implementaton of GCG is not merely a compliance with applicable laws and regulations but also continuous efforts to innovate and improve on an ongoing basis in applying GCG principles in order to give added value to all stakeholders so that ultimately can create a sustainable growth of business performance. DASAR PENERAPAN GCG BASIS OF GCG IMPLEMENTATION Penerapan GCG di lingkungan BNI Life berpedoman pada ketentuanketentuan berikut: 1. Undang-Undang Republik Indonesia a.Undang-Undang No. 40 Tahun 2007 Tentang Perseroan Terbatas; b.Undang-Undang No. 40 tahun 2014 tentang Usaha Perasuransian; 2. Peraturan dan Surat Edaran Otoritas Jasa Keuangan (OJK) a.Peraturan Otoritas Jasa Keuangan (POJK) No. 73/POJK.05/2016 tentang Tata Kelola Perseroan yang Baik Bagi Perseroan Perasuransian; b.Surat Edaran Otoritas Jasa Keuangan (SEOJK) No. 17/ SEOJK.05/2014 Tahun 2014 tentang Laporan Penerapan Tata Kelola Perseroan yang Baik bagi Perseroan Asuransi, Perseroan Asuransi Syariah, Perseroan Reasuransi, dan Perseroan Reasuransi Syariah 3. Peraturan Menteri Keuangan No. 152/PMK.010/2012 tentang Tata Kelola Perseroan yang Baik bagi Perseroan Perasuransian; 4. Pedoman Umum GCG Indonesia tahun 2006 yang diterbitkan oleh Komite Nasional Kebijakan Governance (KNKG) 5. Anggaran Dasar Perseroan. The GCG implementation in BNI Life is guided by the following provisions: b. Financial Services Authority Circular Letter (SEOJK) No. 17/ SEOJK.05/2014 of 2014 on Report on Good Corporate Governance Implementation for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies 3. Minister of Finance Regulation No. 152/PMK.010/2012 on Good Corporate Governance for Insurance Companies; 4. Indonesia’s General GCG Guidelines of 2006, published by the National Governance Policies Committee (NCG) 5. The Company’s Articles of Association. PENERAPAN PRINSIP GCG IMPLEMENTATION OF GCG PRINCIPLES BNI Life senantiasa berpegang pada prinsip-prinsip GCG yaitu Transparansi, Akuntabilitas, Pertanggungjawaban, Kemandirian dan Kesetaraan dan Kewajaran. BNI Life menterjemahkan prinsip GCG tersebut sebagai berikut: BNI Life always adheres to GCG principles, namely Transparency, Accountability, Responsibility, Independency and Equality and Fairness. BNI Life translates the GCG principles as follows: 1. Transparansi Keterbukaan dalam proses pengambilan keputusan dan keterbukaan dalam pengungkapan dan penyediaan informasi yang relevan mengenai Perseroan, yang muda diakses oleh Pemangku Kepentingan sesuai dengan peraturan perundangundangan di bidang perasuransian serta standar, prinsip,dan praktik penyelenggaraan usaha yang sehat. Impelementasinya sebagai berikut: • Penerbitan Laporan Tahunan • Laporan Keuangan berkala yang meliputi laporan keuangan tahunan, tengah tahunan, dan triwulan 1. Transparency Openness in decision-making process and disclosure and provision of relevant information about the Company, which can be accessed easily by Stakeholders in accordance with insurance legislations, as well as following the standards, principles, and practices regarding healthy businesses. PT BNI Life Insurance | Laporan Tahunan 2017 1. Republic of Indonesia Laws a. Law No. 40 of 2007 concerning Limited Companies; b. Law No. 40 of 2014 concerning Insurance Companies; 2. Regulations and Circular Letters from Financial Services Authority (OJK) a. Financial Services Authority Regulation (POJK) No. 73/POJK.05/2016 on Good Corporate Governance for Insurance Companies; Implementated as follows: • Publication of Annual Report • Periodic Financial Statements including annual, semiannual, and quarterly financial statements
  183. Tata Kelola Perusahaan Good Corporate Governance • Use of the website to convey information to shareholders and other stakeholders. 2. Akuntabilitas Kejelasan fungsi dan pelaksanaan pertanggungjawaban Organ Perseroan sehingga kinerja Perseroan dapat berjalan secara transparan, wajar, efektif, dan efisien. Implementasinya sebagai berikut: • Pembagian tugas yang jelas antar organ Perseroan, termasuk dengan merinci tugas dan wewenang Dewan Komisaris, Direksi, Dewan Pengawas Syariah dan ukuran kinerjanya; 2. Accountability Clarity of function and responsibility in the Company bodies so that the Company’s performance can be transparent, fair, effective, and efficient. Implementated as follows: • Clear division of tasks between Company bodies, including detailed duties and authorities for the Board of Commissioners, Board of Directors, Sharia Supervisory Board and their performance measurement; • A check and balance system; • Has performance measures for all levels based on agreed standards, consistent with corporate values, business targets and strategy, and has a reward and punishment system. • Adanya check and balance system; • Memiliki ukuran kinerja dari semua jajaran berdasarkan ukuran yang disepakati, konsisten dengan nilai-nilai Perseroan (corporate values), sasaran usaha, dan strategi Perseroan, serta memiliki sistem reward dan punishment. 3. Pertanggungjawaban Kesesuaian pengelolaan Perseroan dengan peraturan perundangundangan dan nilai-nilai etika serta standar, prinsip dan praktik penyelenggaraan usaha yang sehat. Implementasinya sebagai berikut: • Mematuhi ketentuan Anggaran Dasar Perseroan dan peraturan perundang-undangan yang berlaku; • Melaksanakan kewajiban perpajakan dengan baik dan tepat waktu; • Melaksanakan tanggung jawab sosial Perseroan (corporate social responsibility); • Melaksanakan kewajiban keterbukaan informasi sesuai regulasi yang ditetapkan. 3. Responsibility Company’s management complies with legislation, ethical values and standards, principles and practices regarding healthy businesses. 4. Kemandirian Keadaan Perseroan yang dikelola secara mandiri dan profesional serta bebas dari Benturan Kepentingan dan pengaruh atau tekanan dari pihak manapun yang tidak sesuai dengan peraturan perundangundangan dan nilai-nilai etika serta standar, prinsip, dan praktik penyelenggaraan usaha yang sehat. Implementasinya sebagai berikut: • Saling menghormati hak, kewajiban, tugas, wewenang, serta tanggung jawab di antara Organ Perseroan; • Pemegang saham dan Dewan Komisaris tidak melakukan intervensi terhadap pengurusan Perseroan; • Dewan Komisaris, Direksi, dan seluruh pegawai senantiasa menghindari terjadinya benturan kepentingan (conflict of interest) dalam pengambilan keputusan; • Penerapan kebijakan dan sistem yang meminimalkan terjadinya benturan kepentingan, seperti dalam kebijakan kepegawaian, pengadaan, serta keuangan. 4. Independency A company that is managed independently and professionally and free from Conflict of Interest and influence or pressure from any party that does not comply with the legislations, ethical values and standards, principles, and practices regarding healthy businesses. 5. Kesetaraan dan Kewajaran Kesetaraan, keseimbangan, dan keadilan di dalam memenuhi hakhak Pemangku Kepentingan yang timbul berdasarkan perjanjian, peraturan perundang-undangan dan nilai-nilai etika serta standar, prinsip, dan praktik penyelenggaraan usaha yang sehat. Implementasinya sebagai berikut: 5. Equality and Fairness Equality, balance, and fairness in meeting the rights of stakeholders arising under treaties, legislation and ethical values and standards, principles, and practices regarding healthy businesses. Corporate Governance • Pemanfaatan website untuk menyampaikan informasi kepada pemegang saham dan pemangku kepentingan lainnya. Implementated as follows: • Complies with the Articles of Association provisions and the laws and regulations in force; • Implements tax obligations properly and on time; • Implements corporate social responsibility; • Implements information disclosure obligations according to regulations. Implementated as follows: • Respects the rights, obligations, duties, powers and responsibilities betwee the Company Bodies; • The Shareholders and Board of Commissioners do not intervene in the management of the Company; • The Board of Commissioners, Board of Directors, and all employees avoid any conflicts of interest in decision-making; • Implements policies and systems that minimize conflicts of interest, such as in employment, procurement, and finance policies. Implementated as follows: Annual Report 2017 | PT BNI Life Insurance 183
  184. Tata Kelola Perusahaan Good Corporate Governance TATA KELOLA PERUSAHAAN 184 • Seluruh Pemangku Kepentingan antara lain pemegang polis, tertanggung, peserta, pihak yang berhak memperoleh manfaat, pemegang saham, penyedia jasa, dan/atau pemerintah, mendapatkan perlakuan yang setara. • Kesempatan yang sama diberikan kepada setiap karyawan untuk berkarier dan melaksanakan tugasnya tanpa membedakan suku, agama, ras, golongan, jenis kelamin dan kondisi fisiknya. • All Stakeholders include policyholders, the insured, the participants, the parties entitled to benefit, shareholders, service providers, and/ or the government, receive equal treatment. • Equal opportunities are given to all employees to work and perform their duties regardless of ethnicity, religion, race, class, gender and physical condition. TUJUAN PENERAPAN GCG PURPOSES OF GCG IMPLEMENTATION Tujuan BNI Life dalam menerapkan Tata Kelola Perseroan yang baik adalah untuk meningkatkan kepercayaan Pemangku Kepentingan (stakeholders). Adapun tujuan yang ingin diwujudkan dengan melaksanakan Tata Kelola Perseroan yang baik adalah: The purpose of BNI Life in implementing Good Corporate Governance is to improve Stakeholders’ trust. While the objectives that want to be realized by implementing Good Corporate Governance are: a. Mencapai sasaran usaha Perseroan melalui pengelolaan yang didasarkan pada asas-asas Tata Kelola Perseroan yang baik b. Pemberdayaan fungsi dan kemandirian masing-masing Organ Perseroan c. Menjadikan Organ Perseroan agar dalam membuat keputusan dan menjalankan tindakannya dilandasi oleh nilai moral yang tinggi dan kepatuhan terhadap peraturan perundang-undangan d. Melaksanakan tanggung jawab sosial Perseroan kepada masyarakat (Corporate Social Responsibility) e. Optimalisasi nilai Perseroan bagi pemegang saham dengan tetap memperhatikan Pemangku Kepentingan lainnya f. Meningkatkan daya saing Perseroan secara nasional maupun internasional a. Achieving the Company's business goals through a management that is based on good corporate governance principles b. Empowerment of function and Independency of each Company bodies TAHAPAN PENERAPAN GCG STAGES OF GCG IMPLEMENTATION BNI Life telah menyusun peta jalan (roadmap) dalam penerapan GCG. Tujuan utama dari penyusunan Roadmap Penerapan GCG adalah sebagai referensi utama dalam melakukan perbaikan praktik GCG secara lebih komprehensif. Selain itu, roadmap GCG juga dapat menjadi panduan bagi pemangku kepentingan untuk mendapat gambaran secara menyeluruh atas proses penciptaan nilai tambah dan perbaikan berkesinambungan dari implementasi GCG di Perseroan. BNI Life has developed a roadmap for GCG implementation. The main objective of preparing the GCG Implementation Roadmap is as a key reference in making improvements of GCG practices in a more comprehensive manner. In addition, the GCG roadmap may also serve as guidance for stakeholders to obtain an overall picture of the value creation process and continuous improvement of GCG implementation in the Company. Sejalan dengan tujuan penerapan GCG di Perseroan, roadmap GCG juga menjadi komitmen yang mewajibkan seluruh karyawan untuk patuh terhadap hukum dan peraturan yang kemudian akan menjadi sebuah sistem pengoperasian Perseroan yang dikendalikan melalui internal kontrol yang baik dan pada akhirnya GCG akan menjadi sebuah budaya yang sudah tertanam pada setiap diri pegawai BNI Life. In line with the purposes of GCG implementation in the Company, the GCG roadmap is also a commitment that obliges all employees to comply with laws and regulations, which will then become an operating system of the Company that is controlled through good internal control and eventually GCG will become an embedded culture for every employees of BNI Life. Adapun roadmap penerapan GCG di BNI Life dapat digambarkan pada bagan berikut: The BNI Life’s GCG implementation roadmap can be illustrated in the following chart: PT BNI Life Insurance | Laporan Tahunan 2017 c. Making the Company Bodies to make decisions and carry out actions based on high moral values ​​and compliance with laws and regulations d. Carrying out the Company's corporate social responsibility to the community e. Optimizing the Company’s values to Shareholders with due regard to other Stakeholders f. Enhancing the Company’s competitiveness nationally and internationally
  185. Tata Kelola Perusahaan Good Corporate Governance Fase Penyempuranaan Elemen GCG (2018) GCG Elements Refinement Phase (2018) • Penyusunan Pedoman GCG, Kode Etik, Board Manual, dan Pedoman terkait lainnya • Pembentukan Komite dan penyusunan Charter • Peningkatan kemampuan SDM dalam penerapan GCG melalui traning, workshop, seminar, dsb • Internalisasi penerapan GCG secara berkelanjutan • Penyusunan dan penyempurnaan Pedoman, Kode Etik, Board Manual, dan Pedoman terkait lainnya • Pembentukan Komite, penyusunan serta penyempurnaan Charter • Penyusunan dan penyempurnaan tools evaluasi penerapan GCG • Peningkatan kemampuan SDM dalam penerapan GCG melalui traning, workshop, seminar, dsb • Internalisasi penerapan GCG secara berkelanjutan • Preparation of GCG Guidelines, Code of Conduct, Board Manual, and other relevant Guidelines • Establishment of Committees and formulation of Charter • Improvement of HR capability in GCG implementation through traning, workshop, seminar, etc. • Continuous internalization of GCG implementation • Preparation and refinement of Guidelines, Code of Ethics, Board Manual, and other relevant Guidelines • Establishment of Committees, formulation and refinement of Charter • Preparation and refinement of GCG implementation evaluation tools • Improvement of HR capability in GCG implementation through traning, workshop, seminar, etc. • Continuous internalization of GCG implementation Fase Penguatan Elemen GCG (2019-2020) GCG Elements Enhancement Phase (2019-2020) • Penyempuraan Pedoman, Kode Etik, Board Manual, Charter, tools evaluasi • Efektivitas evaluasi penerapan GCG • Peningkatan kemampuan SDM dalam penerapan GCG melalui traning, workshop, seminar, dsb • Internalisasi penerapan GCG secara berkelanjutan • Benchmarking penerapan GCG • Refinement of Guidelines, Code of Conduct, Board Manual, Charter, evaluation tools • Effectiveness of evaluation of GCG implementation • Improvement of HR capability in GCG implementation through traning, workshop, seminar, etc. • Continuous internalization of GCG implementation • Benchmarking of GCG implementation Fase Excellent GCG (2021-2022) GCG Excellent Phase (2021-2022) • Penyempuraan Pedoman, Kode Etik, Board Manual, Charter, tools evaluasi • Peningkatan kemampuan SDM dalam penerapan GCG melalui traning, workshop, seminar, dsb • Internalisasi penerapan GCG secara berkelanjutan Corporate Governance Fase Pembentukan Elemen GCG (2016-2017) GCG Elements Formation Phase (2016-2017) • Refinement of Guidelines, Code of Conduct, Board Manual, Charter, evaluation tools • Improvement of HR capability in GCG implementation through traning, workshop, seminar, etc. • Continuous internalization of GCG implementation ASESMEN GCG GCG ASSESSMENT Untuk memastikan adanya peningkatan kualitas penerapan GCG secara berkesinambungan ke dalam proses bisnis, BNI Life secara berkala melakukan pengukuran penerapan prinsip-prinsip GCG dalam operasional Perseroan sehari-hari. In order to ensure the GCG implementation quality increases on an ongoing basis in its business processes, BNI Life periodically measures the GCG principles implementation used in the Company’s daily operations. Wujud komitmen Perseroan untuk terus meningkatkan kualitas penerapan GCG dijalankan dengan memberikan laporan penerapan GCG secara rutin ke Otoritas Jasa Keuangan, sesuai dengan Peraturan Otoritas Jasa Keuangan No.73/POJK.05/2017 tentang Tata Kelola Perseroan Yang Baik Bagi Perseroan Asuransi Pasal 78 ayat (1), dan sesuai dengan Surat Edaran Otoritas Jasa Keuangan No.17/ SEOJK.05/2014. The Company's commitment to continuously improve the quality of GCG implementation is carried out by submitting reports on GCG implementation n a regular basis to the Financial Services Authority, in accordance with Regulation of the Financial Services Authority Number 73/POJK.05/2017 on Good Corporate Governance for Insurance Company Article 78 paragraph (1), and in accordance with Circular Letter of the Financial Services Authority Number 17/SEOJK.05/2014. Di tahun 2017, Perseroan telah membuat laporan penerapan GCG ke OJK. Dan sepanjang itu, Perseroan tidak mendapat feed back atau catatan berarti dari pihak OJK. In 2017, the Company has submitted report on GCG implementation to OJK. And so far, the Company did not get any significant feedback or notes from OJK. Annual Report 2017 | PT BNI Life Insurance 185
  186. Peningkatan Kualitas Penerapan Gcg Peningkatan Kualitas Penerapan Gcg Quality Improvement of Gcg Implementation Quality Improvement of Gcg Implementation TATA KELOLA PERUSAHAAN Perseroan melakukan penerapan GCG dan melakukan self assessment sesuai aspek-aspek yang diatur POJK No .78/POJK.05/2016. Berdasarkan pelaksanaan self assessment atas aspek-aspek yang diatur POJK No.78/POJK.05/2016 mencerminkan bahwa Perseroan telah melakukan penerapan GCG yang secara umum BAIK. Aspek-aspek yang merupakan kelemahan merupakan hal kurang signifikan dan dapat diselesaikan dengan tindakan normal oleh Perseroan. The Company conducts GCG implementation and performs selfassessment in accordance with the aspects governed by POJK Number 78/POJK.05/2016. The self-assessment on the aspects governed by POJK Number 78/POJK.05/2016 reflects that the Company has conducted GCG implementation that is generally GOOD. The weaknesses are less significant and can be solved by normal actions by the Company. STRUKTUR DAN MEKANISME GCG GCG STRUCTURE AND MECHANISM Sesuai dengan Undang-undang No. 40 Tahun 2007 Tentang Perseroan Terbatas, struktur GCG BNI Life terdiri dari: • Organ Utama: a.Rapat Umum Pemegang Saham b.Dewan Komisaris c. Direksi In accordance with Law no. 40 of 2007 regarding Limited Liability Company, BNI Life’s GCG structure consists of: • Main Bodies: a. General Meeting of Shareholders b. Board of Commissioners c. Board of Directors • Organ Pendukung a.Komite di bawah Dewan Komisaris: »» Komite Audit »» Komite Pemantau Risiko »» Komite Nominasi dan Remunerasi »» Komite Kebijakan Tata Kelola Perseroan • Supporting Bodies: a. Committees under the Board of Commissioners: »» Audit Committee »» Risk Monitoring Committee »» Nomination and Remuneration Committee »» Corporate Governance Policy Committee b.Komite di bawah Direksi »» Komite Investasi »» Komite Risiko »» Komite Produk b. Committees under the Board of Directors »» Investment Committee »» Risk Committee »» Product Committee c. Organ Pendukung Direksi »» Sekretaris Perseroan »» Internal Audit c. Supporting Bodies of Board of Directors »» Corporate Secretary »» Internal Audit Struktur GCG yang terdapat di BNI Life, seperti pada bagan berikut: Transparency Accountability GCG Structure of BNI Life, as in the following chart: Responsibility Independency Fairness Regulator ORGAN UTAMA MAIN BODIES RUSP/GMS Eksternal Auditor Dewan Komisaris Board of Commissioners Dewan Pengawas Syariah Sharia Supervisory Board Komite Audit Audit Committee Divisi/Unit Divison/Unit Divisi/Unit Divison/Unit Komite Investasi Investment Committee Komite Pemantau Risiko Risk Committee Unit Syariah Sharia Unit Unit Syariah Sharia Unit Komite Risiko Risk Committee Komite Remunerasi & Nominasi Remuneration & Nomination Committee 186 PT BNI Life Insurance | Laporan Tahunan 2017 Direksi Board of Directors ORGAN PENDUKUNG SUPPORTING BODIES Komite Produk Product Committee Komite IT IT Committee
  187. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation The GCG structure is also supported by the corporate governance mechanism , which becomes one of the important factors in GCG implementation. Governance mechanism is a clear rules, procedures and relationships between the parties who make decisions with those who control (oversight) those decisions. Untuk itu, dalam rangka mendukung penerapan GCG, Perseroan telah menyusun pedoman atau aturan tertulis yang memuat tentang kebijakan tertentu, praktik dan pengaturan-pengaturan lainnya yang mengatur Perseroan agar tetap sejalan dengan peraturan perundangundangan yang berlaku, prinsip-prinsip korporasi yang sehat dan etika bisnis yang berlaku umum atau yang disebut sebagai soft structure GCG. Therefore, in order to support GCG implementation, the Company has developed written guidelines or rules that contain certain policies, practices and other arrangements governing the Company in keeping with the prevailing laws and regulations, sound corporate principles and generally accepted business ethics or so-called GCG soft structure. Adapun soft structure yang dimiliki BNI Life adalah seperti yang digambarkan pada gambar berikut: The soft structure of BNI Life is as depicted in the following figure: Corporate Governance Struktur GCG tersebut juga ditunjang oleh mekanisme tata kelola Perseroan (governance mechanism) yang menjadi salah satu faktor penting dalam penerapan GCG. Governance mechanism merupakan aturan, prosedur dan hubungan yang jelas antara pihak yang mengambil keputusan dengan pihak yang melakukan kontrol (pengawasan) terhadap keputusan tersebut. Undang-undang dan Peraturan Laws and Regulations Visi, Misi, dan Nilai-nilai Perseroan Corporate Vision, Mission, and Values Infrastruktur GCG (Organ Utama dan Organ Pendukung) GCG Soft structur (Articles of Association, Company Regulation, Guidelines and Policies) Infrastruktur GCG (Organ Utama dan Organ Pendukung) GCG Infrastructur (Main Bodies and Supporting Bodies) Penerapan dan Pemantauan GCG BNI Life GCG Implementation and Monitoring in BNI Life Perseroan telah menyusun soft structure untuk meningkatkan kualitas penerapan praktek GCG yang baik di lingkungan Perseroan, antara lain menyusun GCG Policy, Board Manual, Pedoman Etika, Pedoman Hierarki Peraturan & Kebijakan Perseroan, Piagam Komite Audit, Piagam Internal Audit, Sistem Pelaporan Pelanggaran (Whistle Blowing System), Piagam Satuan Pengawas Internal, dan Pedoman Pengendalian Gratifikasi sebagai salah satu implementasi dari pelaksanaan GCG. The Company has developed a soft structure to improve the quality of good practices of GCG within the Company, among others preparing GCG Policies, Board Manual, Code of Conduct, Corporate Regulation & Policy Hierarchy, Audit Committee Charter, Internal Audit Charter, Whistle Blowing System, Internal Control Unit Charter, and Gratification Control Guideline as an implementation of GCG. • Anggaran Dasar Perseroan terakhir yang disahkan melalui Akta No. 44 tanggal 29 Agustus 2014 Yang dibuat oleh Notaris Fathiah Helmi, SH, berkedudukan di Jakarta • Pedoman GCG (Good Corporate Governance Charter) yang telah disahkan pada tanggal 21 Oktober 2016 • Pedoman COC (Code of Conduct) yang telah disahkan pada tanggal pada tahun 2016. • • • The latest Company’s Articles of Association, which has been ratified by Deed No.44 date August 29, 2014 made before Fathiah Helmi, SH, in Jakarta GCG (Good Corporate Governance) Charter, which has been ratified on 21 October, 2016 Code of Conduct Guidelines, which has been ratified on 2016 Annual Report 2017 | PT BNI Life Insurance 187
  188. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN • Pedoman Hierarki Peraturan & Kebijakan Perseroan yang telah disahkan pada tanggal 22 Desember 2017 • Pedoman Tata Kerja Dewan Komisaris dan Direksi (Board Manual) yang telah disahkan pada tanggal 11 Februari 2015. • Piagam Komite Audit (Audit Committee Charter) yang telah disahkan pada tanggal 15 September 2015 • Piagam Satuan Pengawas Internal (SPI) yang telah disahkan pada tanggal 10 Mei 2012. • Pedoman Umum Sistem Pengendalian Internal yang telah disahkan pada tanggal 15 Mei 2013. • Kebijakan Pengadaan Barang dan Jasa yang telah disahkan pada tanggal 26 Januari 2016 • Pedoman Pengendalian Gratifikasi yang telah disahkan pada tanggal 16 Desember 2015. • Pedoman Whistle Blowing System (WBS) atau Sistem Pelaporan Pelanggaran saat ini sedang dalam proses sertifikasi yang diharapkan akan selesai pada kuartal pertama tahun 2018. • Kebijakan Tanggung Jawab Sosial Perseroan atau Corporate Social Responsibility (CSR) tanggal 30 November 2017. • Pedoman Laporan Tahunan yang telah disahkan pada tanggal 24 Oktober 2017. • Kebijakan Manajemen Risiko yang telah disahkan pada tanggal 16 Desember 2016. • Soft structure GCG Perseroan secara berlaka di review agar tetap sesuai dengan peraturan perundang-undangan yang berlaku. The Company's GCG Soft structure is reviewed on a regular basis to comply with applicable laws and regulations. PEMEGANG SAHAM SHAREHOLDERS Pada 31 Desember 2017, komposisi pemegang saham BNI Life adalah sebagai berikut: As of December 31, 2017, the composition of BNI Life's shareholders is as follows: • • • • • • • Guidelines of Company's Rules & Policies Hierarchy, which has been ratified on December 22, 2017 Manual of Board of Commissioners and Board of Directors (Board Manual), which has been ratified on February 11, 2015 Audit Committee Charter, which has been ratified on September 15, 2015 Internal Audit Unit (SPI) Charter, which has been ratified on May 10, 2012 General Guidelines of Internal Control System, which has been ratified on May 15, 2013. Goods and Services Procurement Policy, which has been ratified on January 26, 2016 Guidelines for Gratification Control, which has been ratified on December 16, 2015. Whistle Blowing System Guidelines (WBS), which has been ratified on 2018 • Corporate Social Responsibility (CSR) Policy on November 30, 2017 • Annual Report Guidelines, which has been ratified on October 24, 2017 Risk Management Policy, which has been ratified on December 16, 2016 • Saham Name of Shareholder Jumlah Nilai Nominal Amount PT Bank Negara Indonesia (Persero) Tbk. Presentase Nominal Value Percentage    180.419.480  Rp180.419.480.000 60,000000% Yayasan Danar Dana Swadharma 10 Rp 10.000 0,000003% Yayasan Kesejahteraan Pegawai BNI 10 Rp10.000 0,000003%    120.279.633  Rp120.279.633.000 39,999993% 300.699.133 Rp300.699.133.000 100,00000% Sumitomo Life Insurance Company Jumlah Total 188   Share Nama Pemegang Saham Berdasarkan data di atas, pada 31 Desember 2017 PT Bank Negara Indonesia (Persero) Tbk. menguasai 60,00% saham di BNI Life. Dengan demikian, PT Bank Negara Indonesia (Persero) Tbk. merupakan Pemegang Saham utama sekaligus menjadi Pemegang Saham Pengendali BNI Life. Based on the data above, on December 31, 2017 PT Bank Negara Indonesia (Persero) Tbk. controls 60.00% shares in BNI Life. Thus, PT Bank Negara Indonesia (Persero) Tbk. is the Major Shareholder as well as Controlling Shareholder of BNI Life. RAPAT UMUM PEMEGANG SAHAM GENERAL MEETING OF SHAREHOLDERS Rapat Umum Pemegang Saham (RUPS) seperti tergambar di dalam struktur adalah merupakan badan Perseroan tertinggi, merupakan rapat yang dihadiri oleh Pemegang Saham yang memenuhi syarat kuorum dan diselenggarakan oleh Direksi atas permintaan Dewan Komisaris atau pemegang saham yang mewakili 1/10 (satu per sepuluh) bagian dari jumlah seluruh saham dalam rangka mengambil keputusan penting yang berkaitan dengan modal yang ditanam dalam Perseroan dan/atau The General Meeting of Shareholders (GMS) as can be seen in the Company’s corporate structure is the highest body, and is a meeting attended by Shareholders, with a qualified quorum, and organized by the Board of Directors at the request of the Board of Commissioners, or shareholders representing 1/10 (one-tenth) of the total shares, for taking important decisions regarding their investment in the Company and/or for PT BNI Life Insurance | Laporan Tahunan 2017
  189. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation decision-making on matters where authority is not submitted to the Board of Directors or Board of Commissioners . RUPS memiliki wewenang yang tidak dapat diwakilkan kepada Direksi atau Dewan Komisaris. Wewenang tersebut, antara lain: The GMS has the authority that cannot be delegated to the Board of Directors or the Board of Commissioners. The authorities include: • Mengangkat dan memberhentikan anggota Dewan Komisaris dan Direksi. • Mengevaluasi kinerja Dewan Komisaris dan Direksi. • • • • • • • • • • • Mengesahkan perubahan Anggaran Dasar. Memberikan persetujuan atas laporan tahunan. Menetapkan alokasi penggunaan laba. Menunjuk akuntan publik, Menetapkan jumlah dan jenis tunjangan serta fasilitas Dewan Komisaris dan Direksi. • Appointing and dismissing members of Board of Commissioners and Board of Directors. Evaluating the performance of Board of Commissioners and Board of Directors. Approving amendments to the Articles of Association. Approving the annual report. Establishing allocation of profits. Appointing a public accountant, Setting the amount and types of benefits and facilities for Board of Commissioners and Board of Directors. Berdasarkan Anggaran Dasar Perseroan dan Undang-Undang No. 40 tahun 2007 tentang Perseroan Terbatas, RUPS terdiri dari RUPS Tahunan dan RUPS Luar Biasa yang dapat diadakan sewaktu-waktu berdasarkan kebutuhan. Based on the Company’s Articles of Association and Law No. 40 of 2007 on Limited Liability Companies, GMS consists of an Annual GMS and Extraordinary GMS to be held at any time based on the needs. Mekanisme Penyelenggaraan RUPS GMS Mechanism Sesuai dengan Anggaran Dasar Perseroan: 1. Pasal 10 ayat (4), bahwa RUPS dapat diselenggarakan melalui pemanggilan terlebih dahulu kepada para pemegang saham dengan surat tercatat dan/atau dengan iklan dalam 1 (satu) surat kabar; 2. Pasal 10 ayat (5), bahwa pemanggilan wajib dibuat dalam dua bahasa, Bahasa Indonesia dan Inggris, serta wajib menyebutkan mata acara, waktu dan tempat dari RUPS beserta informasi bahwa bahan yang akan dibicarakan dalam RUPS telah tersedia pada kantor Perseroan sejak tanggal pemanggilan sampai dengan tanggal RUPS; 3. Pasal 10 ayat (6), bahwa pemanggilan wajib dilakukan dalam jangka waktu paling lambat 14 (empat belas) hari sebelum tanggal RUPS diadakan dengan tidak memperhitungkan tanggal pemanggilan dan tanggal RUPS diadakan. In accordance with the Company’s Articles of Association: 1. Article 10, paragraph (4), that GMS can be held through prior invitation to the shareholders by registered mail and/or by advertising in 1 (one) newspaper; 2. Article 10 paragraph (5), that invitations must be made in two languages, Indonesian and English, and shall specify the agenda, time and place of GMS together with information regarding matters to be discussed at GMS, that will be available at the Company’s offices from the invitation date until the date of GMS; Penyelenggaraan RUPS Tahun 2017 GMS in 2017 Sepanjang tahun 2017, BNI Life menyelenggarakan RUPS sebanyak 6 (enam) kali dengan rincian sebagai berikut: In 2017, the Company held 6 (six) GMS with the following details: RUPS Tahunan RUPS Tahunan diselenggarakan pada hari Kamis, tanggal 16 Maret 2017 bertempat di PT BNI Life Insurance, BNI Life Tower, The Landmark Center, Board Room, Lantai 21. RUPS Tahunan dihadiri oleh Pemegang Saham, Dewan Komisaris dan Direksi dengan daftar kehadiran sebagai berikut: 1. Kuasa Pemegang Saham a.PT Bank Negara Indonesia (Persero) Tbk. : Abdullah Firman Wibowo b.Sumitomo Life Insurance Company :Hiromichi Komori c. Yayasan Kesejahteraan Karyawan (YK) BNI : Sjafi’ d.Yayasan Danar Dana Swadharma : Salmidjas Salam, Bambang Endratno Annual GMS Annual GMS was held on March 16, 2017 at PT BNI Life Insurance, BNI Life Tower, The Landmark Center, Board Room, 21st floor. The AGMS was attended by Shareholders, Board of Commissioners, and Board of Directors with attendance list as follows: Corporate Governance untuk pengambilan keputusan atas hal-hal yang kewenangannya tidak diserahkan kepada Direksi atau Dewan Komisaris. 3. Article 10 paragraph (6), that invitations must be made within a period of at least 14 (fourteen) days prior to the date of GMS held, excluding the invitation date and the GMS date. 1. Authorized Shareholders a. PT Bank Negara Indonesia (Persero) Tbk : Abdullah Firman Wibowo b. Sumitomo Life Insurance Company : Hiromichi Komori c. Yayasan Kesejahteraan Karyawan (YKP) BNI : Sjafi’i d. Yayasan Danar Dana Swadharma : Salmidjas Salam, Bambang Endratno Annual Report 2017 | PT BNI Life Insurance 189
  190. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation 2 . Dewan Komisaris a.Krisna Wijaya TATA KELOLA PERUSAHAAN b.Darwin Suzandi c. Shinzo Kono d.Mauli Adiwarman Idris e.Wiriadi Saputra : Komisaris : Komisaris : Komisaris Independen : Komisaris Independen 2. Board of Commissioners a. Krisna Wijaya b. Darwin Suzandi c. Shinzo Kono d. Mauli Adiwarman Idris e. Wiriadi Saputra 3. Direksi a.Budi Tampubolon b.Geger N. Maulana c. Kazuhiko Arai d.Hirokazu Todaka e.Intan Abdams Katoppo : Direktur Utama : Wakil Direktur Utama : Direktur : Direktur : Direktur 3. Board of Directors a. Budi Tampubolon b. Geger N. Maulana c. Kazuhiko Arai d. Hirokazu Tokada e. Intan Abdams Katoppo : President Director : Vice President Director : Director : Director : Director 4. Notaris : Mala Mukti, SH, LLM 4. Notary : Mala Mukti, SH, LLM : Komisaris Utama/Independen : President Commissioner/ Independent Commissioner : Commissioner : Commissioner : Independent Commissioner : Independent Commissioner Rapat dihadiri oleh 100% Pemegang Saham, sehingga telah memenuhi persyaratan kuorum yang ditetapkan pada Anggaran Dasar Perseroan. The meeting was attended by 100% of the Shareholders, so that it has fulfilled the quorum requirements set forth in the Company's Articles of Association. Ada pun agenda dan keputusan RUPS Tahunan tahun 2017 adalah sebagai berikut: The agenda and decisions of Annual GMS in 2017 are as follows: Keputusan RUPS Tahunan PT BNI Life Insurance PT BNI Life Insurance’s Annual GMS Decisions Agenda Agenda Pertama Menyetujui Laporan Tahunan Direksi Perseroan termasuk pengesahan  Laporan Keuangan Perseroan yang telah diaudit oleh Kantor Akuntan Publik Purwantono, Sungkoro & Surja (member of EY International) untuk tahun buku yang berakhir pada tanggal 31 Desember 2016 dan Laporan Tugas Pengawasan Dewan Komisaris, sekaligus pemberian pelunasan dan pembebasan tanggung jawab sepenuhnya (acquit et de charge) Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan Perseroan yang dijalankan selama tahun buku 2016   190 First Approved the Board of Directors’ annual report included its financial statements audited by Public Accounting Firm Purwantono, Sungkoro & Surja (member of EY International) for the fiscal year ended December 31, 2016 and the Board of Commissioners’ Supervisory Report and granted full responsibility release and discharge (acquit et decharge) to the members of Board of Directors and Board of Commissioners for the management and supervision carried out throughout the fiscal year 2016 PT BNI Life Insurance | Laporan Tahunan 2017 Keputusan RUPS GMS Decision   Tindak Lanjut dan Realiasi Follow Up and Realizations Menyetujui secara musyawarah untuk mufakat: 1. Menyetujui dan mengesahkan Laporan Tahunan Perseroan untuk tahun buku 2016, termasuk Laporan Direksi, Laporan Tugas Pengawasan Dewan Komisaris, Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2016 beserta penjelasannya yang telah diaudit oleh Kantor Akuntan Publik Purwantono, Sungkoro & Surja (member of EY International) sebagaimana tercantum dalam laporannya Nomor RPC-3053/ PSS/2017 tanggal 15 Februari 2017; 2. Menyetujui memberikan pelunasan dan pembebasan sepenuhnya dari tanggung jawab (acquite et de charge) Direksi atas tindakan pengurusan dan kepada Dewan Komisaris atas tindakan pengawasan yang telah dijalankan selama tahun buku 2016 sejauh tindakan tersebut tercermin dalam laporan tahunan dan laporan keuangan, kecuali perbuatan penggelapan, penipuan dan Sudah Direalisasikan tindak pidana lainnya Has been realized  Approved with deliberation for consensus: 1. To approve and ratify the Company's Annual Report for the fiscal year 2016, including the Board of Directors’ Report, the Board of Commissioners’ Supervisory Report, the Company’s Financial Statements for the fiscal year ended December 31, 2016 and its explanations that has been audited by Public Accounting Firm Purwantono, Sungkoro & Surja (member of EY International) as stated in its report No. RPC-3053/PSS/2017 dated February 15, 2017; 2. To approve granting full responsibility release and discharge to the Board of Directors for the management actions and to the Board of Commissioners for the supervisory actions carried out during the fiscal year 2016 insofar as such actions are reflected in the annual report and financial statements, except for fraud, deception, and other criminal offense.
  191. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Keputusan RUPS Tahunan PT BNI Life Insurance PT BNI Life Insurance ’s Annual GMS Decisions Agenda Agenda Second Approved the use of the Company’s profit for fiscal year 2016; GMS Decision Menyetujui laba bersih Perseroan tahun buku 2016 sebesar Rp183.949.896.026,(seratus delapan puluh tiga miliar sembilan ratus empat puluh sembilan juta delapan ratus sembilan puluh enam ribu dua puluh enam Rupiah) dipergunakan untuk: 1. Perseroan mendistribusikan 30% dari Laba Bersih sebagai dividen sebesar Rp55.184.968.808,- (lima puluh lima miliar seratus delapan puluh empat juta sembilan ratus enam puluh delapan ribu delapan ratus delapan Rupiah) secara proporsional berdasarkan jumlah saham dari masing-masing pemegang saham paling lambat 1 (satu) bulan setelah RUPS Tahunan 2016 ditutup. 2. Sisa dana sebesar Rp128.764.927.218,- (Seratus dua puluh delapan miliar tujuh ratus enam puluh empat juta sembilan ratus dua puluh tujuh ribu dua ratus delapan belas Rupiah)  ditetapkan sebagai laba ditahan. Approved the Compay’s net profit for fiscal year 2016 ammounted to Rp183,949,896,026 (one hundred eighty three billion nine hundred forty nine million eight hundred ninety six thousand twenty six Rupiah) is used for: 1. The Company distributed 30% of the Net Income as dividends amounted to Rp55,184,968,808 (fifty five billion one hundred eighty four million nine hundred sixty eight thousand eight hundred eight Rupiah) proportionately based on the number of shares of each shareholder no later than 1 (one) month after the 2016 GMS is closed. 2. The remaining funds of Rp128,764,927,218 (One hundred twenty eight billion seven hundred sixty four million nine hundred twenty seven thousand two hundred and eighteen Rupiah) were designated as retained earnings. menyetujui secara musyawarah untuk mufakat sebagai berikut : 1. Menyetujui untuk menunjuk kantor akuntan yang diakui secara internasional untuk Audit tahun buku 2017, sesuai dengan Kantor Akuntan yang ditunjuk oleh PT Bank Negara Indonesia (Persero) Tbk sebagai pemegang saham mayoritas, untuk proses konsolidasi audit yang lancar dan efektif. 2. Menyetujui Perseroan konsultan aktuaria independen sama dengan yang Ketiga digunakan oleh PT Bank Negara Indonesia (Persero) Tbk sebagai pemegang Menyetujui Penunjukan Kantor Akuntan Publik  untuk saham mayoritas untuk perhitungan PSAK 24 beban Imbalan Kerja. pelaksanaan audit Tahun Buku 2017 dan Konsultan 3. Menyetujui delegasi wewenang kepada Dewan Komisaris untuk menentukan Aktuaria Independen untuk perhitungan beban Imbalan biaya jasa dari kantor akuntan publik dan konsultan aktuaria independen Kerja Perseroan berdasarkan PSAK 24 yang ditunjuk untuk  Audit tahun Buku 2017, dengan berkonsultasi kepada pemegang saham mayoritas Third Approved the appointment of a Public Accounting Approved with deliberations for consensus as follows: Firm to conduct audit for fiscal year 2017 and an 1. To approve the appointment of an internationally recognized accounting firm independent actuary consultant to conduct calculation for Audit for the fiscal year 2017, in accordance with the Accounting Firm for the Company’s employee benefits pursuant to appointed by PT Bank Negara Indonesia Tbk as majority shareholder, for a PSAK 24; smooth and effective audit consolidation process. 2. To approve an independent actuary consultant company similar to that used by PT Bank Negara Indonesia (Persero) Tbk as majority shareholder for the calculation of PSAK 24 of Employee Benefits expense. 3. To approve the delegation of authority to the Board of Commissioners to determine service fee of the public accounting firm and independent actuary consultant appointed for the Fiscal Year 2017 Audit, in consultation with majority shareholder Keempat Menyetujui Penetapan Tantiem Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Tahun 2017 Menyetujui secara musyawarah untuk mufakat: Keputusan mengenai tantiem untuk Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Perseroan akan dibicarakan dan diputuskan oleh PT Bank Negara Indonesia (Persero) Tbk bersama-sama dengan Sumitomo Life selambat-lambatnya 60 (enam puluh) hari setelah ditutupnya Rapat. Fourth Approved with deliberation for consensus: Approved the Tantiem for the Board of Directors, Board Decision on tantiem for the Board of Directors, Board of Commissioners and Sharia of Commissioners and Sharia Supervisory Board for Supervisory Board of the Company shall be discussed and decided by PT Bank 2017 Negara Indonesia Tbk together with Sumitomo Life no later than 60 (sixty) days after the closing of the Meeting. Kelima Penetapan remunerasi Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Tahun Buku 2017 Fifth The remuneration for the Board of Directors, Board of Commissioners and Sharia Supervisory Board for the fiscal year 2016; Menyetujui secara musyawarah untuK mufakat : Keputusan mengenai remunerasi, gaji, honorarium, fasilitas, dan tunjangan bagi Direksi, Dewan Komisaris dan Syariah Dewan Pengawas Syariah Perseroan untuk tahun fiskal 2017 (dua ribu tujuh belas) akan dibahas dan diputuskan oleh PT Bank Negara Indonesia (Persero) Tbk bersama-sama dengan Sumitomo Life selambatlambatnya 60 (enam puluh) hari setelah ditutupnya Rapat Approved with deliberation for consensus: Decisions regarding the remuneration, salary, honorarium, facilities and allowances for the Board of Directors, Board of Commissioners and Sharia Supervisory Board of the Company for fiscal year 2017 (two thousand and seventeen) shall be discussed and decided by PT Bank Negara Indonesia (Persero) Tbk together with Sumitomo Life at least 60 (sixty) days after the closing of the Meeting Tindak Lanjut dan Realiasi Follow Up and Realizations Sudah Direalisasikan Has been realized Corporate Governance Kedua Menyetujui Penetapan Penggunaan Laba Perseroan Tahun Buku 2016 Keputusan RUPS   Sudah Direalisasikan Has been realized Sudah Direalisasikan Has been realized Sudah Direalisasikan Has been realized Annual Report 2017 | PT BNI Life Insurance 191
  192. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Keputusan RUPS Tahunan PT BNI Life Insurance PT BNI Life Insurance ’s Annual GMS Decisions Agenda Agenda Keputusan RUPS GMS Decision Tindak Lanjut dan Realiasi Follow Up and Realizations TATA KELOLA PERUSAHAAN menyetujui secara musyawarah untuk mufakat sebagai berikut:   1. Menyetujui pengangkatan kembali anggota Dewan Komisaris dan Direksi Perseroan sebagai berikut : a. Bapak Shinzo Kono sebagai Komisaris; b. Bapak Kazuhiko Arai sebagai Direktur; dan c. Bapak Hirokazu Todaka sebagai Direktur. Pengangkatan anggota Dewan Komisaris dan Direksi Perseroan tersebut di atas efektif terhitung sejak ditutupnya Rapat sampai dengan ditutupnya Rapat Umum Pemegang Saham Tahunan yang diselenggarakan tahun 2020 (dua ribu dua puluh), tanpa mengurangi hak dari Rapat Umum Pemegang Saham untuk memberhentikan sewaktu-waktu.   2. Dengan demikian setelah pengangkatan Dewan Komisaris dan Direksi, maka susunan Dewan Komisaris dan Direksi Perseroan setelah ditutupnya Rapat adalah sebagai berikut :   Dewan Komisaris: 1. Komisaris Utama/Independen : Krisna Wijaya 2. Komisaris  : Darwin Suzandi 3. Komisaris  : Shinzo Kono 4. Komisaris Independen : Mauli Adiwarman Idris 5. Komisaris Independen : Wiriadi Saputra Keenam Menyetujui Perubahan susunan anggota Dewan Komisaris dan/atau Direksi Sixth Approved changes in the composition of Board of Directors. Direksi 1.         Direktur Utama : Budi T. A. Tampubolon 2.         Wakil Direktur Utama : Geger N. Maulana 3.         Direktur : Intan Abdams Katoppo 4.         Direktur : Kazuhiko Arai Sudah Direalisasikan 5.         Direktur : Hirokazu Todaka Has been realized   Approved with deliberations for consensus as follows:   1. To approve the reappointment of members of the Board of Commissioners and Board of Directors of the Company as follows: a. Shinzo Kono as Commissioner; b. Kazuhiko Arai as Director; and c. Hirokazu Todaka as Director. d. The appointment of these members of the Company’s Board of Commissioners and Board of Directors is effective since the closing of the Meeting until the closing of the Annual General Meeting of Shareholders held in 2020 (two thousand twenty), without prejudice to the right of the General Meeting of Shareholders to dismiss at any time.   2. Therefore, after the appointment of the Board of Commissioners and Board of Directors, the composition of the Board of Commissioners and Board of Directors after the closing of the Meeting is as follows:   Board of Commissioners: 1. President/Independent Commissioner: Krisna Wijaya 2. Commissioner: Darwin Suzandi 3. Commissioner: Shinzo Kono 4. Independent Commissioner: Mauli Adiwarman Idris 5. Independent Commissioner: Wiriadi Saputra Board of Directors 1. President Director: Budi T. A. Tampubolon 2. Vice President Director: Geger N. Maulana 3. Director: Intan Abdams Katoppo 4. Director: Kazuhiko Arai 5. Director: Hirokazu Todaka 192   PT BNI Life Insurance | Laporan Tahunan 2017
  193. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Extraordinary GMS Extraordinary GMS of PT BNI Life Insurance is conducted circularly as much as 5 (five) times throughout 2017, which was executed on April 21, 2017, August 7, 2017, August 29, 2017, October 31, 2017 and December 20, 2017. Keputusan RUPS Luar Biasa PT BNI Life Insurance PT BNI Life Insurance’s Extraordinary GMS Decisions Tanggal Date Keputusan RUPS GMS Decision Tindak Lanjut dan Realiasi Follow Up and Realization Menyetujui dan menetapkan :   1. Memberhentikan dengan hormat Sdr. Mauli Adiwarman Idris sebagai Komisaris Independen Perseroan yang berlaku efektif sejak tanggal Keputusan Sirkuler Pemegang Saham ini. 2.  Mengangkat Sdr. Husain Abdullah sebagai Komisaris Independen yang mulai efektif berlaku sejak tanggal Keputusan Sirkuler Pemegang Saham ini sampai dengan sisa masa jabatan pendahulunya, yaitu sampai dengan ditutupnya Rapat Umum Pemegang Saham tahun buku 2017 (dua ribu tujuh belas) yang akan diselenggarakan pada tahun 2018 (dua ribu delapan belas), tanpa mengurangi hak dari RUPS untuk memberhentikan sebelum berakhirnya masa jabatannya tersebut. 3.  Dengan demikian setelah pengangkatan Komisaris Independen, maka susunan Dewan Komisaris Perseroan sejak tanggal Keputusan Sirkuler Pemegang Saham ini adalah sebagai berikut : 21 April 2017 April 21, 2017 Dewan Komisaris: 1.         Komisaris Utama/Independen : Krisna Wijaya 2.         Komisaris  : Darwin Suzandi 3.         Komisaris  : Shinzo Kono 4.         Komisaris Independen : Husain Abdullah 5.         Komisaris Independen : Wiriadi Saputra Approved and decided:   1. To honorably discharge Mauli Adiwarman Idris as the Company’s Independent Commissioner effective since the date of this Circular Shareholder Decision. 2.  To appoint Husain Abdullah as Independent Commissioner effective since the date of this Circular Shareholder Decision until the remaining term of office of its predecessor, up to the closing of the General Meeting of Shareholders of fiscal year 2017 (two thousand and seventeen) to be held in 2018 (two thousand eight), without prejudice to the right of GMS to terminate before the expiry of the term of office. 3.  Therefore after the appointment of Independent Commissioner, the composition of the Company’s Board of Commissioners since the date of this Circular Shareholder Decision are as follows: Corporate Governance RUPS Luar Biasa RUPS Luar Biasa PT BNI Life Insurance dilakukan secara sirkuler sebanyak 5 (lima) kali di sepanjang tahun 2017, yaitu dilaksanakan pada tanggal 21 April 2017, 7 Agustus 2017, 29 Agustus 2017, 31 Oktober 2017, dan 20 Desember 2017. Sudah Direalisasikan Has been realized Board of Commissioners: 1. President/Independent Commissioner: Krisna Wijaya 2. Commissioner: Darwin Suzandi 3. Commissioner: Shinzo Kono 4. Independent Commissioner: Husain Abdullah 5. Independent Commissioner: Wiriadi Saputra Annual Report 2017 | PT BNI Life Insurance 193
  194. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Keputusan RUPS Luar Biasa PT BNI Life Insurance PT BNI Life Insurance ’s Extraordinary GMS Decisions Tanggal Keputusan RUPS Date TATA KELOLA PERUSAHAAN 7 Agustus 2017 August 7, 2017       194 GMS Decision Menyetujui dan menetapkan : 1. Memberhentikan dengan hormat : a. Sdr. Shinzo Kono sebagai  anggota Dewan Komisaris Perseroan  dengan alasan adanya permintaan dari salah satu Pemegang Saham Perseroan di mana yang bersangkutan memperoleh penugasan lain di SL, dan mengucapkan terima kasih yang sebesar-besarnya atas kontribusi yang diberikan selama menjabat sebagai anggota Dewan Komisaris Perseroan; dan b. Sdr. Kazuhiko Arai sebagai Direktur Perseroan dengan alasan adanya permintaan dari salah satu Pemegang Saham Perseroan untuk diangkat sebagai anggota Dewan Komisaris Perseroan. Pemberhentian nama-nama yang tersebut di atas berlaku efektif pada penutupan hari tanggal 31 Agustus 2017. 2. Mengangkat : a. Sdr. Kazuhiko Arai sebagai anggota Dewan Komisaris Perseroan; dan  b. Sdr. Naruyoshi Kuwata sebagai Direktur Perseroan  Pengangkatan nama-nama tersebut di atas mulai efektif berlaku sejak tanggal 1 September 2017 sampai dengan habisnya masa jabatan pendahulunya, yaitu sampai dengan ditutupnya Rapat Umum Pemegang Saham Tahunan tahun buku 2019 (dua ribu sembilan belas) yang akan diselenggarakan pada tahun 2020 (dua ribu dua puluh), tanpa mengurangi hak dari RUPS untuk memberhentikan sebelum berakhirnya masa jabatannya tersebut. 3. Dengan demikian setelah tanggal efektif pengangkatan dan pemberhentian anggota Dewan Komisaris Perseroan dan Direksi Perseroan, maka susunan Dewan Komisaris dan Direksi Perseroan adalah sebagai berikut : Dewan Komisaris: 1.         Komisaris Utama/Independen : Krisna Wijaya 2.         Komisaris  : Darwin Suzandi 3.         Komisaris  : Kazuhiko Arai 4.         Komisaris Independen : Husain Abdullah 5.         Komisaris Independen : Wiriadi Saputra Direktur: 1.          Direktur Utama : Budi Tampubolon 2.          Wakil Direktur Utama : Geger N. Maulana 3.          Direktur : Intan Abdams Katoppo 4.          Direktur : Hirokazu Todaka 5.          Direktur : Naruyoshi Kuwata   Approved and decided:   1. To honorably discharge: a. Shinzo Kono as a member of the Company’s Board of Commissioners on the grounds of request from one of the Company’s Shareholders to which he obtained another assignment in SL, and the Company would like to say thank you for the contributions made during his tenure as a member of the Company’s Board of Commissioners; and b. Kazuhiko Arai as the Company’s Director on the grounds of a request from one of the Company's Shareholders to be appointed as a member of the Company’s Board of Commissioners. The dismissal of the above mentioned names shall be effective on the closing date of August 31, 2017. 2. To appoint: a. Kazuhiko Arai as a member of the Company’s Board of Commissioners; and b. Naruyoshi Kuwata as the Company’s Director The appointment of the above names shall be effective from September 1, 2017 until the expiration of the term of its predecessor, which is until the closing of the Annual General Meeting of Shareholders of fiscal year 2019 (two thousand nineteen) to be held in 2020 (two thousand twenty), without prejudice to the right of GMS to terminate before the expiration of the term of office. 3. Therefore, after the effective date of appointment and dismissal of members of the Company’s Board of Commissioners and Board of Directors, the composition of the Company's Boards of Commissioners and Board of Directors is as follows: Board of Commissioners: 1. President/Independent Commissioner: Krisna Wijaya 2. Commissioner: Darwin Suzandi 3. Commissioner: Kazuhiko Arai 4. Independent Commissioner: Husain Abdullah 5. Independent Commissioner: Wiriadi Saputra   Board of Directors: 1. President Director: Budi Tampubolon 2. Vice President Director: Geger N. Maulana 3. Director: Intan Abdams Katoppo 4. Director: Hirokazu Todaka 5. Director: Naruyoshi Kuwata PT BNI Life Insurance | Laporan Tahunan 2017 Tindak Lanjut dan Realiasi Follow Up and Realization Sudah Direalisasikan Has been realized
  195. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Keputusan RUPS Luar Biasa PT BNI Life Insurance PT BNI Life Insurance ’s Extraordinary GMS Decisions Tanggal Date Keputusan RUPS GMS Decision Tindak Lanjut dan Realiasi Follow Up and Realization 31 Oktober 2017 October 31, 2017 Menyetujui :   1. Rencana Kerja dan Anggaran Perseroan (RKAP) untuk jangka waktu 1 (satu) tahun, yaitu Tahun 2018 berikut RKAP untuk jangka waktu 3 (tiga) tahun, yaitu Tahun 2018,  2019, dan 2020 sesuai Lampiran 1 Keputusan Sirkuler Pemegang Saham ini.   2. Lampiran 1 sebagaimana dimaksud butir 1 di atas merupakan bagian yang tidak terpisah dan satu kesatuan dari Keputusan Sirkuler Pemegang Saham ini.   Approved:   1. The Company's Work Plan and Budget (RKAP) for a period of 1 (one) year, i.e. Year 2018 and RKAP for a period of 3 (three) years, i.e. 2018, 2019, and 2020 as per Attachment 1 of this Circular Shareholder Decision.   2. Attachment 1 referred to point 1 above is inseparable and integral part of this Circular Shareholder Decision. Corporate Governance 29 Agustus 2017 August 29, 2017 Menyetujui dan menetapkan :   1. Menerima pengunduran diri Saudara Budi T.A. Tampubolon yang berlaku efektif 30 (tiga puluh) hari sejak surat permohonan yang bersangkutan, dengan demikian memberhentikan yang bersangkutan dari jabatannya selaku Direktur Utama Perseroan terhitung efektif sejak tanggal 31 Agustus 2017 serta mengucapkan terima kasih yang sebesar-besarnya atas kontribusi yang diberikan selama menjabat sebagai anggota Direksi Perseroan.   Pembebasan dan pelepasan Saudara Budi T.A. Tampubolon sebagai Direktur Utama Perseroan akan dilakukan pada RUPS tahunan berikutnya.   2. Mengangkat Saudara Geger N Maulana sebagai pelaksana tugas Direktur Utama efektif per tanggal 1 September 2017 sampai dengan diangkatnya Direktur Utama Perseroan yang baru, dengan hak dan kewenangan yang sama seperti posisi Direktur Utama yang tercantum pada Anggaran Dasar Perseroan.   Bersamaan dengan pengangkatan yang bersangkutan sebagai pelaksana tugas Direktur Utama, yang bersangkutan tetap menjalankan tugas dan jabatannya saat ini sebagai Wakil Direktur Utama. Dengan demikian yang bersangkutan memiliki hak suara sebagai Direktur Utama dan hak suara sebagai Wakil Direktur Utama untuk digunakan dalam perbuatan hukum yang diatur dalam Anggaran Dasar Perseroan.   2. Dengan diberhentikannya Saudara Budi T.A. Tampubolon sebagai Direktur Utama Perseroan dan diangkatnya Saudara Geger N. Maulana sebagai pelaksana tugas Direktur Utama sebagaimana putusan point 1 dan 2 di atas, maka susunan Direksi Perseroan efektif per tanggal 1 September 2017 adalah sebagai berikut :   Direktur: 1.         Direktur Utama  : 2.         Wakil Direktur Utama : Geger N. Maulana (merangkap sebagai Pelaksana Tugas Direktur Utama) 3.         Direktur : Intan Abdams Katoppo 4.         Direktur : Hirokazu Todaka 5.         Direktur : Naruyoshi Kuwata Sudah Direalisasikan   Has been realized Accepted and decided:   1. To accept the resignation of Budi T.A. Tampubolon, which is effective 30 (thirty) days since the application letter, thereby discharging him from his position as the Company’s President Director effective from August 31, 2017 and the Company would like to say thank you for the contributions made during his term as a member of the Company’s Board of Directors.   The release and discharge of Budi T.A. Tampubolon as the Company’s President Director will be conducted at the next Annual General Meeting of Shareholders.   2. To appoint Geger N Maulana as acting President Director effective since September 1, 2017 until the appointment of the new President Director of the Company, with the same rights and authority as the position of President Director stated in the Company's Articles of Association.   Along with his appointment as acting President Director, he shall keep his current duties and functions as Vice President Director. Therefore, he has the voting rights as President Director and the voting rights as Vice President Director to be used in legal actions as stipulated in the Company's Articles of Association.   3. With the dismissal of Budi T.A. Tampubolon as the Company’s President Director and the appointment of Geger N. Maulana as acting President Director as referred to in point 1 and 2 above, the composition of the Company’s Board of Directors effective as of September 1, 2017 is as follows:   Board of Directors: 1. President Director: 2. Vice President Director: Geger N. Maulana (also acting as President Director) 3. Director: Intan Abdams Katoppo 4. Director: Hirokazu Todaka 5. Director: Naruyoshi Kuwata Sudah Direalisasikan Has been realized Annual Report 2017 | PT BNI Life Insurance 195
  196. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Keputusan RUPS Luar Biasa PT BNI Life Insurance PT BNI Life Insurance ’s Extraordinary GMS Decisions Tanggal Keputusan RUPS Date TATA KELOLA PERUSAHAAN 20 Desember 2017 December 20, 2017 196 GMS Decision Tindak Lanjut dan Realiasi Follow Up and Realization Menyetujui dan menetapkan :   1. Menerima pengunduran diri Saudara Wiriadi Saputra yang berlaku efektif 30 (tiga puluh) hari sejak surat permohonan yang bersangkutan, dengan demikian memberhentikan yang bersangkutan dari jabatannya selaku Komisaris Independen Perseroan terhitung efektif  pada penutupan hari tanggal 30 November 2017 serta mengucapkan terima kasih yang sebesar-besarnya atas kontribusi yang diberikan selama menjabat sebagai Komisaris Independen Perseroan.   2. Penunjukan/pengangkatan pengganti Saudara Wiriadi Saputra selaku Komisaris Independen Perseroan akan dilakukan sesuai Anggaran Dasar Perseroan melalui Rapat Umum Pemegang Saham Luar Biasa yang lain.   3. Sehubungan dengan pengunduran diri Saudara Wiriadi Saputra sebagai Komisaris Independen Perseroan sebagaimana putusan poin 1 di atas, maka susunan Dewan Komisaris Perseroan per tanggal 1 Desember 2017 adalah sebagai berikut:   Dewan Komisaris : 1.         Komisaris Utama/Komisaris Independen  : Krisna Wijaya 2.         Komisaris : Darwin Suzandi 3.         Komisaris : Kazuhiko Arai Sudah Direalisasikan 4.         Komisaris Independen : Husain Abdullah Has been realized   Accepted and decided:   1. To accept the resignation of Wiriadi Saputra, which is effective 30 (thirty) days after the application letter, thereby discharging him from his position as the Company’s Independent Commissioner effective since November 30, 2017 and the Company would like to say thank you for the contributions made during his tenure as the Company’s Independent Commissioner.   The appointment of replacement of Wiriadi Saputra as the Company’s Independent Commissioner shall be conducted in accordance with the Company’s Articles of Association through another Extraordinary General Meeting of Shareholders.   2. In connection with the resignation of Wiriadi Saputra as the Company’s Independent Commissioner as referred to in point 1 above, the composition of the Company’s Board of Commissioners as of December 1, 2017 is as follows:   Board of Commissioners : 1. President/Independent Commissioner: Krisna Wijaya 2. Commissioner: Darwin Suzandi 3. Commissioner: Kazuhiko Arai 4. Independent Commissioner: Husain Abdullah REALISASI KEPUTUSAN RUPS TAHUN SEBELUMNYA REALIZATION OF PREVIOUS YEAR GMS DECISIONS Pada tahun 2016, BNI Life menyelenggarakan RUPS sebanyak 3 (tiga) kali, yaitu 1 (satu) kali RUPS Tahunan dan 2 (dua) kali RUPS Luar Biasa. In 2016, BNI Life HELD 3 (three) GMS, i.e. 1 (one) Annual General Meeting of Shareholders and 2 (two) Extraordinary General Meeting of Shareholders. RUPS Tahunan PT BNI Life Insurance dilaksanakan pada tanggal 8 Maret 2016 yang bertempat di BNI Life Tower, The Landmark Center, Jl. Jend. Sudirman No. 1, Jakarta 12910. Keputusan RUPS tersebut tertuang dalam Akta No. 8 yang dibuat oleh Fathiah Helmi, SH dengan rincian sebagai berikut: The Annual GMS of PT BNI Life Insurance was held on March 8, 2016 at BNI Life Tower, the Landmark Center, Jl. Jend. Sudirman No. 1, Jakarta 12910. The GMS Decisions was set out in the Deed No. 8 made by Fathiah Helmi, SH with details as follows: PT BNI Life Insurance | Laporan Tahunan 2017
  197. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Keputusan RUPS Tahunan PT BNI Life Insurance PT BNI Life Insurance ’s Annual GMS Decisions Keputusan RUPS Agenda Penyampaian Laporan Tahunan Direksi Perseroan termasuk pengesahan Laporan Keuangan Perseroan yang telah diaudit oleh Kantor Akuntan Publik Tanudiredja, Wibisana, Rintis & Rekan untuk tahun buku yang berakhir pada tanggal 31 Desember 2015 dan Laporan Tugas Pengawasan Dewan Komisaris. menyetujui secara musyawarah untuk mufakat: a. Menyetujui dan mengesahkan Laporan Tahunan Perseroan untuk tahun buku 2015, termasuk Laporan Direksi, Laporan Tugas Pengawasan Dewan Komisaris, Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2015 beserta penjelasannya yang telah diaudit oleh Kantor Akuntan Publik Tanudiredja, Wibisana, Rintis & Rekan sebagaimana tercantum dalam laporannya tanggal 17 Februari 2016 nomor A160217001/DC2/ANG/2016; b. Menyetujui memberikan pelunasan dan pembebasan sepenuhnya dari tanggung jawab (acquite et de charge) kepada Direksi atas tindakan pengurusan dan kepada Dewan Komisaris atas tindakan pengawasan yang telah dijalankan selama tahun buku 2015 sejauh tindakan tersebut tercermin dalam laporan tahunan dan laporan keuangan, kecuali perbuatan penggelapan, penipuan dan tindak pidana lainnya Approved by deliberately to consensus: First a. Approved and ratified the Company's Annual Report for the fiscal year 2015, including Presentation of the Board of Directors’ the Board of Directors Report, the Board of Commissioners Supervisory Report, the annual report for the Company included Company’s Financial Statements for the fiscal year ended on December 31, 2015 and its financial statements audited by public explanations thay has been audited by the Public Accounting Firm Tanudiredja, Wibisana, accounting firm Tanudiredja, Wibisana, Rintis & Partners as stated in its report dated February 17, 2016 number A160217001/DC2/ Rintis & Partners for the fiscal year ended ANG/2016; December 31, 2015 and the Supervisory b. Approved to grant full responsibility release and discharge to the Board of Directors for the Report from the Board of Commissioners management actions and to the Board of Commissioners for the supervisory actions carried out during the fiscal year 2015 insofar as such actions are reflected in the annual report and financial statements, except for fraud, deception, and other criminal offense. Kedua Penetapan Penggunaan Laba Perseroan Tahun Buku 2015 Second The determination of the use of Company’s profit for the fiscal year 2015; Menyetujui laba bersih Perseroan tahun buku 2015 sebesar Rp160.039.850.488,- (seratus enam puluh miliar tiga puluh Sembilan juta delapan ratus lima puluh ribu empat ratus delapan puluh delapan Rupiah) dipergunakan untuk : a. Pembagian dividen 30% dari Laba Bersih sebagai dividen sebesar Rp48.011.955.146,40,(empat puluh delapan miliar sebelas juta Sembilan ratus lima puluh lima ribu seratus empat puluh enam Rupiah dan empat puluh sen) proporsional berdasarkan saham masingmasing pemegang saham paling lambat 1 (satu) bulan setelah RUPST 2015 ditutup. b. Sisanya sebesar Rp112.027.895.341,60,- (seratus dua belas miliar dua puluh tujuh juta delapan ratus Sembilan puluh lima ribu tiga ratus empat puluh satu Rupiah dan enam puluh sen)   ditetapkan sebagai laba ditahan. Approved the Company’s net profit for the fiscal year 2015 amounted to Rp160,039,850,488 (one hundred sixty billion thirty Nine million eight hundred fifty thousand four hundred eighty eight Rupiah) is used for: a. a. The distribution of 30% of Net Income as dividends amounting to Rp48,011,955,146.40 (forty eight billion eleven million nine hundred fifty five thousand one hundred forty six Rupiah and forty cents) proportionally to the share of each shareholder no later than 1 (one) month after the 2015 GMS is closed. b. b. The remaining balance of Rp112,027,895,341.60 (one hundred twelve billion twenty seven million eight hundred ninety five thousand three hundred forty one Rupiah and sixty cents) is designated as retained earnings. 1. Ketiga Penunjukan kantor akuntan publik untuk pelaksanaan audit tahun buku 2016 dan konsultan aktuaria independen untuk perhitungan beban imbalan kerja perseroan berdasarkan PSAK 24; Third Appointment of a public accounting firm to audit the fiscal year 2016 and an independent actuarial consultant for the Company’s calculation of employee benefits in accordance with PSAK 24; 2. 3. 1. 2. 3. Menyetujui untuk menunjuk kantor akuntan yang diakui secara internasional untuk Audit tahun buku 2016, sesuai dengan Kantor Akuntan yang ditunjuk oleh PT Bank Negara Indonesia (Persero) Tbk sebagai pemegang saham mayoritas, untuk proses konsolidasi audit yang lancar dan efektif. Menyetujui perusahaan konsultan aktuaria independen sama dengan yang digunakan oleh PT Bank Negara Indonesia (Persero) Tbk sebagai pemegang saham mayoritas untuk perhitungan PSAK 24 beban Imbalan Kerja. Menyetujui delegasi wewenang kepada Dewan Komisaris untuk menentukan biaya layanan dari kantor akuntan publik dan konsultan aktuaria independen yang ditunjuk untuk 2016 Audit tahun fiskal, dengan konsultasi kepada pemegang saham mayoritas. Approved to appoint an internationally recognized accounting firm for Audit for the fiscal year 2016, in accordance with the Accounting Firm appointed by PT Bank Negara Indonesia Tbk as the majority shareholder, for a smooth and effective audit consolidation process. Approved an independent actuary consultant company similar to that used by PT Bank Negara Indonesia (Persero) Tbk as the majority shareholder for the calculation of PSAK 24 of Employee Benefits expense. Approved the delegation of authority to the Board of Commissioners to determine the fee of services of the public accounting firm and independent actuary consultant appointed for 2016 fiscal year Audit, in consultation with the majority shareholder. Tindak Lanjut dan Realisasi Follow Up and Realization Corporate Governance Pertama GMS Decision Sudah Direalisasikan Has been realized Sudah Direalisasikan Has been realized Sudah Direalisasikan Has been realized Keempat Penetapan tantiem Direksi, Dewan Komisaris dan Dewan Pengawas Syariah tahun 2015; Fourth Determination of Tantiem for the Board of Directors, Board of Commissioners and Sharia Supervisory Board for 2015; Menyetujui tantiem untuk Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Perseroan akan dibicarakan oleh PT Bank Negara Indonesia (Persero) Tbk bersama-sama dengan Sumitomo Life selambat-lambatnya 30 (tiga puluh) hari setelah ditutupnya Rapat. Approved tantiem for the Board of Directors, Board of Commissioners and Sharia Supervisory Board of the Company to be discussed by PT Bank Negara Indonesia Tbk together with Sumitomo Life no later than 30 (thirty) days after the closing of the Meeting. Sudah Direalisasikan Has been realized Annual Report 2017 | PT BNI Life Insurance 197
  198. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Keputusan RUPS Tahunan PT BNI Life Insurance PT BNI Life Insurance ’s Annual GMS Decisions Keputusan RUPS Agenda GMS Decision Tindak Lanjut dan Realisasi Follow Up and Realization Kelima TATA KELOLA PERUSAHAAN Menyetujui penetapan remunerasi Direksi, Dewan Komisaris dan Dewan Pengawas Syariah tahun buku 2016; Fifth Approved the determination of remuneration for the Board of Directors, Board of Commissioners and Sharia Supervisory Board for the fiscal year 2016; Menyetujui Remunerasi, gaji, honorarium, fasilitas, dan tunjangan bagi Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Perseroan untuk tahun fiscal 2016 (dua ribu enam belas) akan dibahas oleh PT Bank Negara Indonesia (Persero) Tbk bersama-sama dengan Sumitomo Life selambat-lambatnya 30 (tiga puluh) hari setelah ditutupnya Rapat. Approved the remuneration, salary, honorarium, facilities and allowances for the Board of Directors, Board of Commissioners and Sharia Supervisory Board of the Company for the fiscal year 2016 (two thousand and sixteen) to be discussed by PT Bank Negara Indonesia Tbk together with Sumitomo Life, no later than 30 (thirty) days after the closing of the Meeting. 1. 2. Keenam Perubahan susunan Direksi. Sixt Changes in the composition of Board of Directors 1. 2. Menyetujui untuk menunjuk Nyonya Intan Sari (Intan Sari Abdams Katoppo) sebagai calon Direktur berlaku efektif menjadi Direktur, terhitung sejak tanggal persetujuan fit and proper test dari OJK, tanpa mengurangi hak dari pemegang saham untuk memberhentikan sewaktu-waktu, masa jabatannya berlaku sejak tanggal persetujuan OJK untuk jangka waktu 3 (tiga) tahun. Dalam hal calon dinyatakan tidak lulus fit and proper test, maka penunjukan tersebut akan batal demi hukum Menyetujui untuk memberikan kuasa kepada Direksi dengan hak subtitusi untuk menyatakan keputusan tersebut dalam Akta  Notaris setelah diperoleh persetujuan dari OJK yang berupa fit and proper test pada pengangkatan tersebut di atas dan mengurus penerimaan dari Kementrian Hukum dan Hak Asasi Manusia. Approved to appoint Intan Sari (Intan Sari Abdams Katoppo) as candidate Director to become a Director effective from the date of approval of fit and proper test from OJK, without prejudice to the right of shareholders to terminate at any time, OJK approval for a period of 3 (three) years. If the candidate is declared of failing the fit and proper test, the appointment shall be null and void Approved to grant power of attorney to the Board of Directors with substitution rights to declare such decision in the Notarial Deed after obtaining approval from OJK in the form of fit and proper test on the appointment mentioned above and to receive the acceptance from the Ministry of Law and Human Rights. Sudah Direalisasikan Has been realized Sudah Direalisasikan Has been realized RUPS Luar Biasa PT BNI Life Insurance dilaksanakan secara sirkuler yang dilaksanakan pada tanggal 30 Maret 2016 dan 17 November 2016. Extraordinary GMS of PT BNI Life Insurance is conducted in circular held on March 30, 2016 and November 17, 2016. Adapun keputusan RUPS Luar Biasa adalah sebagai berikut: The Extraordinary GMS decisions are as follows: Keputusan RUPS Luar Biasa PT BNI Life Insurance PT BNI Life Insurance’s Extraordinary GMS Decisions Tanggal Keputusan RUPS Date GMS Decision 1. 2. 30 Maret 2016 (Akta Keputusan RUPS No. 38) Menyetujui untuk menunjuk Nyonya Intan Sari (Intan Sari Abdams Katoppo) sebagai calon Direktur berlaku efektif menjadi Direktur, terhitung sejak tanggal persetujuan fit and proper test dari OJK, tanpa mengurangi hak dari pemegang saham untuk memberhentikan sewaktuwaktu, masa jabatannya berlaku sejak tanggal persetujuan OJK untuk jangka waktu 3 (tiga) tahun. Dalam hal calon dinyatakan tidak lulus fit and proper test, maka penunjukan tersebut akan batal demi hukum Menyetujui untuk memberikan kuasa kepada Direksi dengan hak subtitusi untuk menyatakan keputusan tersebut dalam Akta  Notaris setelah diperoleh persetujuan dari OJK yang berupa fit and proper test pada pengangkatan tersebut di atas dan mengurus penerimaan dari Kementrian Hukum dan Hak Asasi Manusia. Selanjutnya para penghadap bertindak dalam kedudukannya tersebut di atas menerangkan bahwa setelah diperolehnya persetujuan dari OJK atas penunjukan Nyonya Intan Sari (Intan Sari Abdams Katoppo) sebagai Direktur berdasarkan Salinan Keputusan Dewan Komisioner Otoritas Jasa Keuangan (OJK) Nomor : KEP-168/NB.11/2016 tanggal 11-03-2016 (sebelas Maret dua ribu enam belas) tentang Penetapan Hasil Penelitian Kemampuan dan Kepatutan Bagi anggota Direktur PT BNI Life Insurance atas nama Intan Sari, maka susunan Direksi Perseroan terhitung sejak tanggal persetujuan fit and proper test dari OJK adalah sebagai berikut : Direktur Utama : Tuan Budi T. A. Tampubolon Wakil Direktur Utama : Tuan Geger N. Maulana Direktur : Tuan Kazuhiko Arai Direktur : Tuan Hirokazu Todaka Direktur : Nyonya Intan Sari (Intan Sari Abdams Katoppo) 198 PT BNI Life Insurance | Laporan Tahunan 2017 Tindak Lanjut dan Realisasi Follow Up and Realization
  199. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 1 . March 30, 2016 (Deed of GMS Decision No. 38) Furthermore, the responders acting in their positions mentioned above that after obtaining approval from OJK on the appointment of Intan Sari (Intan Sari Abdams Katoppo) as Director based on the Decree of Board of Commissioner of Financial Services Authority Number KEP-168/NB.11/2016 dated 11-03-2016 (Eleven March two thousand sixteen) on the Determination of Results of Fit and Proper Test For a member of Board of Directors of PT BNI Life Insurance on behalf of Intan Sari, the Company’s Board of Directors composition as of the date of approval of the OJK fit and proper test was as follows : Corporate Governance 2. Approved to appoint Intan Sari (Intan Sari Abdams Katoppo) as candidate Director to become a Director effective from the date of approval of fit and proper test from OJK, without prejudice to the right of shareholders to terminate at any time, OJK approval for a period of 3 (three) years. If the candidate is declared of failing the fit and proper test, the appointment shall be null and void Approved to grant power of attorney to the Board of Directors with substitution rights to declare such decision in the Notarial Deed after obtaining approval from OJK in the form of fit and proper test on the appointment mentioned above and to receive the acceptance from the Ministry of Law and Human Rights. Sudah Direalisasikan Has been realized President Director: Budi T. A. Tampubolon Vice President Director: Geger N. Maulana Director: Kazuhiko Arai Director: Hirokazu Todaka Director: Intan Sari (Intan Sari Abdams Katoppo) 17 November 2016 (Akta Keputusan RUPS No.31) November 17, 2016 (Deed of GMS Decision No.31) Menyetujui : 1. RKAP untuk jangka waktu 1 (satu) tahun, yaitu Tahun 2017 (dua ribu tujuh belas); 2. RKAP untuk jangka waktu 3 (tiga) tahun, yaitu Tahun 2017 (dua ribu tujuh belas), Tahun 2018 (dua ribu delapan belas) dan Tahun 2019 (dua ribu sembilan belas); RKAP 2017 (dua ribu tujuh belas) dan RKAP untuk jangka waktu 3 (tiga) tahun, yaitu Tahun 2017 (dua ribu tujuh belas), Tahun 2018 (dua ribu delapan belas) dan Tahun 2019 (dua ribu sembilan belas) (Lampiran 1) merupakan satu kesatuan dan bagian yang tidak terpisahkan dari Keputusan Sirkuler Pemegang Saham. Sudah Direalisasikan Has been realized Approved: 1. RKAP for 1 (one) year, namely 2017 (two thousand seventeen); 2. RKAP for 3 (three) years, namely 2017 (two thousand seventeen), 2018 (two thousand and eighteen) and 2019 (two thousand and nineteen); RKAP 2017 (two thousand and seventeen) and RKAP for 3 (three) years, i.e. 2017 (two thousand and seventeen), 2018 (two thousand and eighteen) and 2019 (two thousand and nineteen) (Appendix 1) is a unity and an integral part of the Shareholders’ Circular Decision. DEWAN KOMISARIS BOARD OF COMMISSIONERS Sesuai POJK No. 73/POJK.05/2016 tentang Tata Kelola Perseroan yang Baik bagi Perseroan Asuransi, Dewan Komisaris adalah Organ Perseroan yang melakukan fungsi pengawasan dan pemberian nasihat kepada Direksi dalam menjaga keseimbangan kepentingan semua pihak, khususnya kepentingan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat. Dewan Komisaris juga memiliki tugas untuk melakukan pemantauan terhadap efektivitas penerapan GCG Perseroan. In accordance with POJK No. 73/POJK.05/2016 regarding Good Corporate Governance for Insurance Companies, the Board of Commissioners is the Company body that performs the function of monitoring and providing advice to the Board of Directors to maintain the balance of interests for all parties, especially interests of the policyholders, the insured, the participants, and/ or the parties entitled to benefits. The Board of Commissioners also has a duty to monitor the effectiveness of the Company’s GCG implementation. Pengangkatan dan Pemberhentian Dewan Komisaris Anggota Dewan Komisaris diangkat dan diberhentikan oleh RUPS. Adapun kriteria yang harus dipenuhi Dewan Komisaris adalah sebagai berikut: 1. Anggota Dewan Komisaris harus dinyatakan lulus penilaian kemampuan dan kepatutan oleh Otoritas Jasa Keuangan; 2. Anggota Dewan Komisaris memiliki pengetahuan sesuai dengan bidang usaha Perseroan yang relevan dengan jabatannya; 3. Anggota Dewan Komisaris mampu untuk bertindak dengan itikad baik, jujur dan profesional; 4. Anggota Dewan Komisaris mampu bertindak untuk kepentingan Perseroan dan pemegang polis,tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat; 5. Mendahulukan kepentingan Perseroan dan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat daripada kepentingan pribadi; Board of Commissioners Appointment and Dismissal Members of the Board of Commissioners are appointed and dismissed by the GMS. The criteria that must be met by the Board of Commissioners are as follows: 1. Members of the Board of Commissioners shall have passed the fit and proper test of Financial Services Authority; 2. Members of the Board of Commissioners shall have knowledge relative to the Company’s business and relevant to their position; 3. Members of the Board of Commissioners shall act in good faith, honestly and professionally; 4. Members of the Board of Commissioners shall act in the interests of the Company and the policyholders, the insured, the participants, and/ or the parties entitled to benefits; 5. Shall give priority to the interests of the company and the policyholders, the insured, the participants, and/or the parties entitled to the benefits ahead of own interests; Annual Report 2017 | PT BNI Life Insurance 199
  200. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation 6 . 7. TATA KELOLA PERUSAHAAN 200 Anggota Dewan Komisaris mampu mengambil keputusan berdasarkan penilaian independen dan objektif untuk kepentingan Perseroan dan pemegang polis; Anggota Dewan Komisaris mampu menghindarkan penyalahgunaan kewenangannya untuk mendapatkan keuntungan pribadi yang tidak semestinya atau menyebabkan kerugian bagi Perseroan Perasuransian; Anggota Dewan Komisaris bukan anggota Dewan Komisaris yang berasal dari pegawai atau pejabat aktif OJK; 6. Members of the Board of Commissioners shall make decisions based on independent and objective judgment in the interests of the Company and policyholders; 7. Members of the Board of Commissioners shall avoid undue abuse of authority for personal gain or cause harm to the Insurance Company; Anggota Dewan Komisaris bukan anggota Dewan Komisaris yang berasal dari mantan pegawai atau pejabat OJK apabila yang bersangkutan berhenti bekerja dari OJK kurang dari 6 (enam) bulan; 10. Anggota Dewan Komisaris tidak pernah menjadi anggota Direksi, anggota Dewan Komisaris, atau anggota Dewan Pengawas Syariah yang dinyatakan bersalah atau lalai. 8. Members of the Board of Commissioners shall not be members of OJK’s Board of Commissioners originating from employees or active official; 9. Members of the Board of Commissioners shall not be former members of OJK’s Board of Commissioners originating from employees or officials, if the person concerned stopped working at OJK within the last 6 (six) months; 10.Members of the Board of Commissioners shall never have been a member of Board of Directors, Board of Commissioners, or Sharia Supervisory Board, which was found guilty or negligent. Board Charter Perseroan telah memiliki Board Manual atau Pedoman Tata Kerja Dewan Komisaris sebagai pedoman bagi Dewan komisaris dalam menjalankan peran dan fungsi pengelolaan Perseroan serta mengelola hubungan dengan Direksi. Board Charter The Company already has a Board of Manual or Board of Commissioners' Working Manual as a guideline for the Board of Commissioners in executing its roles and functions of the company management and managing relationships with the Board of Directors. Board Manual PT BNI Life Insurance adalah naskah yang menjelaskan secara garis besar hal-hal yang berhubungan dengan struktur Direksi serta Dewan Komisaris dan Dewan Pengawas Syariah, serta proses hubungan fungsi Direksi, Dewan Pengawas Perseroan, Rapat Umum Pemegang Saham (“RUPS”) dan antara ketiga organ Perseroan tersebut. Board Manual ini telah disahkan pada tanggal 11 Februari tahun 2015, dan berisi kebijakan Perseroan yang mencakup: • Acuan Kebijakan • Ruang Lingkup • Referensi/Dasar Hukum • Ketentuan Dewan Komisaris • Tugas, Kewajiban dan Wewenang • Rapat Dewan Komisaris • Organ Pendukung Dewan Komisaris • Pertemuan Formal dan Informal Dewan Komisaris • Program Pengenalan Anggota Dewan Komisaris • Komunikasi Formal dan Informal Dewan Komisaris • Penyelenggaraan RUPS • Persetujuan Tertulis Dewan Komisaris atas perbuatan Direksi • Kewenangan Dewan Komisaris Board Manual of PT BNI Life Insurance is a document outlining matters relating to the structure of the Board of Directors and Board of Commissioners and Sharia Supervisory Board, as well as the process of relationship between the function of Board of Directors, Board of Supervisors of the Company, General Meeting of Shareholders ("GMS") and between the three Company bodies. This Board Manual has been ratified on February 11, 2015, and contains the Company's policies covering: • Policy Reference • Scope • Reference/Legal Basis • Provisions of the Board of Commissioners • Duties, Obligations and Authorities • Board of Commissioners Meeting • Supporting Bodies of the Board of Commissioners • Formal and Informal Meetings of the Board of Commissioners • Introduction Program for Board of Commissioners Members • Formal and Informal Communications of the Board of Commissioners • GMS Implementation • Written approval of the Board of Commissioners for the Board of Directors’ actions • Authority of the Board of Commissioners Tugas, Wewenang dan Kewajiban Dewan Komisaris Board Manual Dewan Komisaris telah menguraikan tentang tugas, tanggung jawab, kewajiban, dan wewenang Dewan Komisaris. Tugas utama Dewan Komisaris adalah melakukan fungsi pengawasan dan pemberian nasihat. Tugas dan wewenang Dewan Komisaris adalah: 1. Untuk tujuan pengawasan dan memberi nasihat pada Direksi, Dewan Komisaris berhak memasuki tempat usaha atau tempat lain yang dimanfaatkan atau dikendalikan oleh Perseroan, dan berhak memeriksa segala pembukuan surat dan barang bukti lainnya untuk Board of Commissioners Duties, Authorities and Obligations Board of Manual of the Board of Commissioners has described Board of Commissioners duties, responsibilities, obligations and authorities. The main duty of the Board of Commissioners is to perform the supervisory and advisory functions. The Board of Commisioners duties and authorities are: 1. For purposes of supervisory and advisory to the Board of Directors, the Board of Commissioners shall be entitled to enter into a place of business or other places that are utilized or controlled by the Company, and shall be entitled to examine the books and other evidences to check 8. 9. PT BNI Life Insurance | Laporan Tahunan 2017
  201. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 2 . 4. 5. 6. 7. 8. Membantu memenuhi kebutuhan Dewan Pengawas Syariah dalam menggunakan anggota komite yang struktur organisasinya berada di bawah Dewan Komisaris. 9. Dewan Komisaris dapat membentuk komite yang anggotanya seorang atau lebih adalah anggota Dewan Komisaris. 10.Dewan Komisaris dapat memberhentikan sementara anggota Direksi Perseroan dengan menyebutkan alasannya, pemberhentian dilakukan secara tertulis kepada Direksi bersangkutan dan dalam jangka waktu paling lambat 30 (tiga puluh) hari setelah tanggal pemberhentian sementara harus diselenggarakan RUPS. Kewajiban Dewan Komisaris adalah: 1. Menyelenggarakan rapat yang diatur dalam ketentuan tersendiri. 2. Membuat risalah rapat dan salinannya serta mendokumentasikannya dengan baik. 3. Mengungkapkan kepemilikan saham yang mencapai 5% (lima persen) atau lebih pada Perseroan dan/atau pada Perseroan lain yang berkedudukan di dalam dan di luar negeri. 4. Mengungkapkan hubungan keuangan dan hubungan keluarga dengan anggota Dewan Komisaris lainnya, anggota Direksi, anggota Dewan Pengawas Syariah dan/atau Pemegang Saham Perseroan. 5. Tidak melakukan transaksi yang mempunyai benturan kepentingan dengan kegiatan Perseroan. 6. Tidak mengumpatkan jabatannya pada Perseroan untuk kepentingan pribadi, keluarga, dan atau pihak lain yang dapat merugikan atau mengurangi keuntungan Perseroan. 7. Tidak mengambil dan/atau menerima keuntungan pribadi dari Perseroan, selain remunerasi dan fasilitas yang ditetapkan berdasarkan keputusan RUPS. 8. Tidak mencampuri kegiatan operasional Perseroan yang menjadi tanggung jawab Direksi. 9. Wajib dengan itikad baik, kehati-hatian, dan bertanggung jawab dalam menjalankan tugas pengawasan dan pemberian nasihat kepada Direksi untuk kepentingan Perseroan. and verify the financial position and shall be entitled to acknowledge all actions taken by the Board of Directors. 2. In performing its duties, the Board of Commissioners is authorized to obtain explanation from the Board of Directors and vice versa, each member of the Board of Directors shall provide explanation on all matters asked by the Board of Commissioners. 3. In the event that all members of the Board of Directors are temporarily dismissed or the Company no longer has a member of the Board of Directors, the Board of Commissioners shall be entitled to grant a temporary authority to 1 (one) or more of them with joint responsibility of themselves. 4. If there is only one (1) member of the Board of Commissioners, then all duties and authorities given to the Commissioners or other members of the Board of Commissioners pursuant to this Articles of Association shall also apply to the respective Commissioner. 5. Supervise the Board of Directors in balancing the interests of all parties, especially the interests of the policyholders, the insured, Participants, and/or the parties entitled to benefits; 6. Prepare the Board of Commissioners Activity Report, as part of the Good Corporate Governance implementation report; 7. Monitor the effectiveness of Good Corporate Governance implementation; 8. Assist the fulfillment of the needs of Sharia Supervisory Board in using committee members whose organizational structure is under the Board of Commissioners. 9. The Board of Commissioners may form a committee whose members are one or more members of the Board of Commissioners. 10.The Board of Commissioners may temporarily dismiss members of the Company’s Board of Directors by stating the reason; the dismissal shall be made in writing to the Board of Directors concerned and a GMS shall be convened within 30 (thirty) days after the date of the temporary dismissal. Corporate Governance 3. memeriksa dan memverifikasi posisi keuangan, dan berhak untuk mengetahui segala tindakan yang diambil oleh Direksi. Dalam melakukan tugasnya, Dewan Komisaris berwenang untuk mendapatkan penjelasan Direksi dan sebaliknya, setiap anggota Direksi wajib memberikan penjelasan pada segala perihal yang ditanyakan oleh Dewan Komisaris. Dalam hal seluruh anggota Direksi untuk sementara diberhentikan atau Perseroan tak lagi memiliki anggota Direksi, maka Dewan Komisaris berhak untuk memberikan kuasa sementara kepada 1 (satu) atau lebih orang di antara mereka dengan tanggung jawab bersama dari mereka sendiri. Apabila terdapat hanya ada 1 (satu) anggota Dewan Komisaris, maka segala tugas dan wewenang yang diberikan kepada Komisaris atau anggota lain dari Dewan Komisaris berdasarkan Anggaran Dasar ini akan berlaku pula kepada Komisaris yang bersangkutan. Mengawasi Direksi dalam menjaga keseimbangan kepentingan semua pihak, khususnya kepentingan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat. Menyusun Laporan Kegiatan Dewan Komisaris yang merupakan bagian dari laporan penerapan tata kelola Perseroan yang baik. Memantau efektivitas penerapan tata kelola Perseroan yang baik. Board of Commissioners Obligations are: 1. Convence meetings as stipulated in its own terms. 2. Make minutes of meetings and copies as well as make proper documentation of the minutes. 3. Disclose share ownership of f 5% (five percent) or more in the Company and/or at other companies domiciled in and outside the country. 4. Disclose financial and family relationships with other members of the Board of Commissioners, members of the Board of Directors, members of the Sharia Supervisory Board and/or the Shareholders of the Company. 5. Not conducting transactions that have a conflict of interest with the Company's activities. 6. Not to misuse his/her position in the Company for personal, family, and/or other party’s interests that may harm or reduce the Company's profits. 7. Not taking and/or receiving personal benefits from the Company, other than remuneration and facilities stipulated in the GMS decisions. 8. Not to interfere with the Company’s operational activities, which is the responsibility of the Board of Directors. 9. Shall carry out supervisory and advisory duties to the Board of Directors for the interest of the Company with good faith, prudence, and responsible. Annual Report 2017 | PT BNI Life Insurance 201
  202. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN 10 .Memberikan laporan tentang tugas pengawasan yang telah dilakukan selama tahun buku yang baru lampau kepada RUPS. 10.Provide report on the supervisory duties that have been carried out during the past fiscal year to the GMS. Jumlah dan Komposisi Dewan Komisaris Pada tahun 2017, jumlah dan komposisi Dewan Komisaris BNI Life mengalami perubahan. Jika sebelumnya anggota Dewan Komisaris berjumlah 5 (lima) orang, pada akhir tahun 2017 jumlah anggota Dewan Komisaris BNI Life adalah 4 (empat) orang, dengan komposisi sebagai berikut: Board of Commissioners Number and Composition In 2017, the number and composition of BNI Life’s Board of Commissioners has changed. If previously the Board of Commissioners consisted of 5 (five) members, at the end of 2017 BNI Life’s Board of Commissioners consisted of 4 (four) members, with the following composition: Komposisi Dewan Komisaris periode 1 Januari – 21 April 2017 Board of Commissioners Composition for period of January 1 – April 21, 2017 Nama Name Krisna Wijaya Darwin Suzandi Shinzo Kono Jabatan Position Komisaris Utama/Komisaris Independen President Commissioner/ Independent Commissioner Komisaris Commissioner Komisaris Commissioner Mauli Adiwarman Idris Komisaris Independen Independent Commissioner Wiriadi Saputra Komisaris Independen Independent Commissioner Domisili Domicile Jabatan Name Krisna Wijaya Komisaris Utama/Komisaris Independen President Commissioner/ Independent Commissioner Darwin Suzandi Komisaris Commissioner Shinzo Kono Komisaris Commissioner Wiriadi Saputra 202 Position Komisaris Independen Independent Commissioner PT BNI Life Insurance | Laporan Tahunan 2017 Tanggal Pengangkatan Kembali Date of Reappointment Akhir Masa Jabatan End of Tenure - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 Jakarta Akta Keputusan RUPS Luar Biasa No. 19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jakarta Akta Keputusan RUPS Luar Biasa No. 19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jepang Akta Keputusan RUPS Tahunan No. 29 tanggal 16 Maret 2015 Deed of Annual GMS Decision No. 29 dated March 16, 2015 RUPS Tahunan 2019 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun No.158 tanggal 16 Maret 2017 2020 Deed of Annual GMS Decision 2019 Annual GMS that will be No. 158 dated March 16, 2017 held in 2020 Jakarta Akta Keputusan RUPS Luar Biasa No. 27 tanggal 20 September 2011 Deed of Extraordinary GMS Decision No. 27 dated September 20, 2011 RUPS Tahunan 2017 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun No. 29 tanggal 16 Maret 2015 2018 Deed of Annual GMS Decision 2017 Annual GMS that will be No. 29 dated March 16, 2015 held in 2018 Jakarta Akta Keputusan RUPS Luar Biasa No. 1 tanggal 19 Mei 2017 Deed of Extraordinary GMS Decision No. 1 dated May 19, 2017 RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 Komposisi Dewan Komisaris periode 21 April – 31 Agustus 2017 Nama Dasar Pengangkatan Pertama Basis of First Appointment Domisili Domicile - Board of Commissioners Composition board chateror period of April 21 – August 31, 2017 Dasar Pengangkatan Pertama Basis of First Appointment Jakarta Akta Keputusan RUPS Luar Biasa No. 19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jakarta Akta Keputusan RUPS Luar Biasa No. 19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jepang Akta Keputusan RUPS Tahunan Nomor 29 tanggal 16 Maret 2017 Deed of Annual GMS Decision No. 29 dated March 16, 2017 Jakarta Akta Keputusan RUPS Luar Biasa No.1 tanggal 19 Mei 2017 Deed of Extraordinary GMS Decision No. 1 dated May 19, 2017 Tanggal Pengangkatan Kembali Date of Reappointment Akhir Masa Jabatan End of Tenure - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 RUPS Tahunan 2019 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun No.158 tanggal 16 Maret 2017 2020 Deed of Annual GMS Decision 2019 Annual GMS that will be No. 158 dated March 16, 2017 held in 2020 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018
  203. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Nama Name Position Komisaris Independen Independent Commissioner Dasar Pengangkatan Pertama Domisili Domicile Jakarta Tanggal Pengangkatan Kembali Basis of First Appointment Akta Keputusan RUPS Luar Biasa Nomor 70 tanggal 19 Mei 2017 Deed of Extraordinary GMS Decision No . 70 dated May 19, 2017 Date of Reappointment Akhir Masa Jabatan End of Tenure RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - Catatan: Sesuai Akta Keputusan RUPS Luar Biasa No. 70 Mei 2017, Bapak Mauli Adiwarman Idris selaku Komisaris Independen digantikan dengan Bapak Husain Abdullah. Note: Pursuant to Deed of Extraordinary GMS Decision No. 70 of May 2017, Mauli Adiwarman Idris as Independent Commissioner was replaced with Husain Abdullah. Komposisi Dewan Komisaris periode 1 September – 30 November 2017 Board of Commissioners Composition for period of September 1 – November 30, 2017 Nama Name Krisna Wijaya Darwin Suzandi Kazuhiko Arai Jabatan Position Komisaris Utama/Komisaris Independen President Commissioner/ Independent Commissioner Komisaris Commissioner Komisaris Commissioner Wiriadi Saputra Komisaris Independen Independent Commissioner Husain Abdullah Komisaris Independen Independent Commissioner Domisili Domicile Dasar Pengangkatan Pertama Basis of First Appointment Jakarta Akta Keputusan RUPS Luar Biasa No.19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jakarta Akta Keputusan RUPS Luar Biasa No.19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jepang Akta Keputusan RUPS Luar Biasa No.23 tanggal 9 Agustus 2017 Jakarta Akta Keputusan RUPS Luar Biasa No.1 tanggal 19 Mei 2017 Deed of Extraordinary GMS Decision No. 1 dated May 19, 2017 Jakarta Akta Keputusan RUPS Luar Biasa No.70 Mei 2017 Tanggal Pengangkatan Kembali Date of Reappointment Akhir Masa Jabatan End of Tenure - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2019 yang diselenggarakan pada tahun 2020 2019 Annual GMS that will be held in 2020 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 Catatan : Sesuai Akta Keputusan RUPS Luar Biasa No.23 tanggal 9 Agustus 2017, Bapak Shinzo Kono selaku Komisaris digantikan Bapak Kazuhiko Arai efektif per tanggal 1 September 2017 Note: Pursuant to Deed of Extraordinary GMS Decision No. 23 dated August 9, 2017, Shinzo Kono as Commissioner was replaced with Kazuhiko Arai effective as of September 1, 2017. Komposisi Dewan Komisaris periode 30 November – 31 Desember 2017 Board of Commissioners Composition for period of November 30 – December 31, 2017 Nama Name Krisna Wijaya Darwin Suzandi Husain Abdullah Jabatan Position Komisaris Utama/Komisaris Independen President Commissioner/ Independent Commissioner Komisaris Commissioner Komisaris Independen Independent Commissioner Domisili Domicile Dasar Pengangkatan Pertama Basis of First Appointment Jakarta Akta Keputusan RUPS Luar Biasa No.19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jakarta Akta Keputusan RUPS Luar Biasa No.19 tanggal 13 Oktober 2015 Deed of Extraordinary GMS Decision No. 19 dated October 13, 2015 Jakarta Akta Keputusan RUPS Luar Biasa No.70 Mei 2017 Deed of Extraordinary GMS Decision No. 70 dated May, 2017 Tanggal Pengangkatan Kembali Date of Reappointment Corporate Governance Husain Abdullah Jabatan Akhir Masa Jabatan End of Tenure - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 - RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 2017 Annual GMS that will be held in 2018 Annual Report 2017 | PT BNI Life Insurance 203
  204. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Position TATA KELOLA PERUSAHAAN Komisaris Commissioner Kazuhiko Arai Dasar Pengangkatan Pertama Domisili Domicile Jepang Basis of First Appointment Akhir Masa Jabatan End of Tenure Date of Reappointment Akta Keputusan RUPS Luar Biasa No .23 tanggal 9 Agustus 2017 Deed of Extraordinary GMS Decision No. 23 dated August 9, 2017 RUPS Tahunan 2019 yang diselenggarakan pada tahun 2020 2019 Annual GMS that will be held in 2020 - Catatan : Sesuai Akta Keputusan RUPS Luar Biasa No.43 tanggal 27 Desember 2017, Bapak Wiriadi Saputra mengundurkan diri sebagai Komisaris Independen efektif per tanggal 30 November 2017 Note: Pursuant to Deed of Extraordinary GMS Decision No.43 dated December 27, 2017, Wiriadi Saputra resigned as Independent Commissioner effective as of November 30, 2017 Uraian Pekerjaan Dewan Komisaris Di dalam Pedoman Tata Kelola Perseroan dijelaskan mengenai Tugas dan Tanggung Jawab Dewan Komisaris sebagai berikut: Board of Commissioners Job Description Corporate Governance Guidelines explain the Duties and Responsibilities of the Board of Commissioners as follows: 1. Melakukan pengawasan dan pemberian nasihat kepada Direksi; 2. Mengawasi Direksi dalam menjaga keseimbangan kepentingan semua pihak, khususnya kepentingan Pemegang Polis, Tertanggung, Peserta, dan/atau pihak yang berhak mendapat manfaat; 3. Menyusun laporan kegiatan Dewan Komisaris yang merupakan bagian dari laporan penerapan tata kelola Perseroan yang baik; 4. Memantau efektifitas penerapan tata kelola Perseroan yang baik; 1. Conduct monitoring and provide advice to the Board of Directors; 2. Supervise the Board of Directors in balancing the interests of all parties, especially the interests of the Policyholders, Insured, Participants, and/ or the parties entitled to benefits; 3. Prepare report on the Board of Commissioners activities, as part of the Good Corporate Governance implementation report; 4. Monitor the effectiveness of Good Corporate Governance implementation; 5. Oversee the implementation of provisions of the Articles of Association and GMS decisions and the laws and regulations in force; 6. Carry out tasks as mandated to the Board of Directors in the Articles of Association when there is an unfilled position in the Board of Directors; 7. The Board of Commissioners supervises and monitors follow up on Board of Commissioners’ recommendations to the Board of Directors, either through recommendation letters or Joint Meetings of Board of Directors and Board of Commissioners; 8. Perform other oversight duties specified by the GMS. 5. Mengawasi pelaksanaan ketentuan Anggaran Dasar dan keputusan RUPS dan peraturan perundang-undangan yang berlaku; 6. Melaksanakan tugas-tugas Direksi sesuai amanat dalam Anggaran Dasar Perseroan bila dalam keadaan posisi Direksi belum terisi; 7. Dewan Komisaris melakukan pengawasan dengan memantau tindak lanjut atas rekomendasi dari Dewan Komisaris kepada Direksi, baik melalui surat rekomendasi maupun Rapat Gabungan Direksi dan Dewan Komisaris; 8. Melakukan tugas-tugas pengawasan lainnya yang ditentukan oleh RUPS. Frekuensi Rapat dan Tingkat Kehadiran Dewan komisaris Sepanjang tahun 2017, Dewan Komisaris mengadakan pertemuan sebanyak 12 (dua belas) kali, dengan tingkat kehadiran sebagai berikut: Nama Jabatan Name Krisna Wijaya Position Komisaris Utama/Komisaris Independen President Commissioner/Independent Commissioner Board of Commissioners Meeting Frequency and Attendance During 2017, the Board of Commissioners convened 12 (twelve) meetings, with attendance as follows: Jumlah Rapat Kehadiran Persentase Kehadiran Attendance Number of Meetings Physically Teleconference Percentage of Attendance 12 12 - 100% Fisik Darwin Suzandi Komisaris Commissioner 12 12 - 100% Shinzo Kono* Komisaris Commissioner 8 7 - 87.5% Mauli Adiwarman Idris** Komisaris Independen Independent Commissioner 4 4 - 100% Wiriadi Saputra*** Komisaris Independen Independent Commissioner 11 10 - 90.9% 4 4 - 100% Kazuhiko Arai**** 204 Tanggal Pengangkatan Kembali PT BNI Life Insurance | Laporan Tahunan 2017 Komisaris Commissioner
  205. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Nama Jumlah Rapat Jabatan Name Position *menjabat hingga 31 Agustus 2017 **menjabat hingga 21 April 2017 ***menjabat hingga 30 November 2017 ****menjabat sejak 1 September 2017 *****menjabat sejak 21 April 2017 1. Tanggal 2. 16 Februari 2017 February 16, 2017 3. 16 Maret 2017 March 16, 2017 4. 5. 6. 7 Agenda Rapat Date 12 Januari 2017 January 12, 2017 20 April 2017 April 20, 2017 26 Mei 2017 May 26, 2017 15 Juni 2017 June 15, 2017 20 Juli 2017 July 20, 2017 8 24 Agustus 2017 August 24, 2017 9 29 September 2017 September 29, 2017 Number of Meetings Physically 8 6 Fisik Teleconference Percentage of Attendance - 75% *served until August 31, 2017 **served until April 21, 2017 ***served until November 30, 2017 ****served since September 1, 2017 *****served since April 21, 2017 Ada pun agenda rapat dan kehadiran anggota Dewan Komisaris dalam Rapat Dewan Komisaris adalah sebagai berikut: No Persentase Kehadiran Attendance Meeting Agenda 1. 2. 3. Laporan Komite Audit Laporan Komite Risiko Dan lainnya 1. 2. 3. Audit Committee Report Risk Committee Report And others 1. 2. 3. Laporan Komite Audit Laporan Komite Risiko Anggota Komite Risiko 1. 2. 3. Audit Committee Report Risk Committee Report Risk Committee Members 1. 2. Laporan Komite Audit Laporan Komite Risiko 1. 2. Audit Committee Report Risk Committee Report 1. 2. 3. Laporan Komite Audit Laporan Komite Risiko Dan lainnya 1. 2. 3. Audit Committee Report Risk Committee Report And others 1. 2. 3. Laporan Komite Audit Laporan Komite Risiko Dan lainnya 1. 2. 3. Audit Committee Report Risk Committee Report And others 1. 2. 3. Update PSAK dan Pajak Laporan Komite Audit Laporan Komite Risiko 1. 2. 3. Update on PSAK and Tax Audit Committee Report Risk Committee Report 1. 2. 3. Laporan Komite Audit Laporan Komite Risiko Dan lainnya 1. 2. 3. Audit Committee Report Risk Committee Report And others 1. 2. 3. Laporan Komite Audit Laporan Komite Risiko Dan lainnya 1. 2. 3. Audit Committee Report Risk Committee Report And others 1. 2. Laporan Komite Audit Laporan Komite Risiko 1. 2. Audit Committee Report Risk Committee Report Meeting agenda and attendance of members of the Board of Commissioners in Board of Commissioners Meeting are as follows: Corporate Governance Komisaris Independen Independent Commissioner Husain Abdullah***** Kehadiran Peserta Rapat Meeting Participant KW, SK, DS, MAI, WS, LSW KW, SK, DS, MAI, WS, LSW KW, SK, DS, MAI, WS, LSW KW, SK, DS, MAI, WS, LSW KW, SK, DS, HA, WS, LSW, DRS KW, SK, DS, WS, LSW, DRS, GNM KW, SK, DS, HA, WS, LSW, DRS KW, DS, HA, WS, LSW, DRS KW, KA, DS, HA, LSW, DRS Annual Report 2017 | PT BNI Life Insurance 205
  206. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation No 10 Tanggal Agenda Rapat Date 9 Oktober 2017 October 9 , 2017 TATA KELOLA PERUSAHAAN 11 2 November 2017 November 2, 2017 12 21 Desember 2017 December 21, 2017 Meeting Agenda 1. 2. Laporan Komite Audit Laporan Komite Risiko 1. 2. Audit Committee Report Risk Committee Report 1. 2. Laporan Komite Audit Laporan Komite Risiko 1. 2. Audit Committee Report Risk Committee Report 1. 2. Laporan Komite Audit Laporan Komite Risiko 1. 2. Audit Committee Report Risk Committee Report KW, KA, DS, WS, LSW, DRS KW, KA, DS, WS, HA, LSW, DRS KW, KA, DS, HA, LSW, DRS Rapat Gabungan Dewan Komisaris dan Direksi No 1. 2. 3. 4. 206 Tanggal Agenda Rapat Date 12 Januari 2017 January 12, 2017 16 Februari 2017 February 16, 2017 20 April 2017 April 20, 2017 26 Mei 2017 May 26, 2017 Meeting Agenda 1. 2. Laporan Bulanan Direksi Dan lainnya 1. 2. Board of Directors Monthly Report And Others 1. 2. 3. 4. 5. 6. 7. Update Keuangan Update Bisnis Update Operasional Laba Underwriting dan Pendapatan Investasi Update external audit Rapat Umum Pemegang Saham Update Relokasi Kantor Pusat 1. 2. 3. 4. 5. 6. 7. Financial Update Business Update Operational Update Underwriting Profit and Investment Income External audit Update General Meeting of Shareholders Head Office Relocation Update 1. 2. 3. 4. 5. Update Keuangan Update Bisnis Update Operasional Laba Underwriting dan Pendapatan Investasi Update Relokasi HO 1. 2. 3. 4. 5. Financial Update Business Update Operational Update Underwriting Profit and Investment Income HO Relocation Update 1. 2. 3. 4. 5. Update Keuangan Update Bisnis Update Operasional Laba Underwriting dan Pendapatan Investasi Update Relokasi HO 1. 2. 3. 4. 5. Financial Update Business Update Operational Update Underwriting Profit and Investment Income HO Relocation Update PT BNI Life Insurance | Laporan Tahunan 2017 Peserta Rapat Meeting Participant Board of Directors and Board of Directors Joint Meetings Peserta Rapat Meeting Participant KW, SK, DS, MAI, WS,BT, GNM, IAK, KA, HT KW, SK, DS, MAI, WS,BT, GNM, IAK, KA, HT KW, SK, DS, MAI, WS,BT, GNM, IAK, KA, HT KW, SK, DS,HA, WS,BT, GNM, IAK, KA, HT
  207. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No Tanggal Agenda Rapat Date 5 . 24 Agustus 2017 August 24, 2017 6. 7 29 September 2017 September 29, 2017 8 12 Oktober 2017 October 12, 2017 6. 7. 1. 2. 3. 4. 5. Update Keuangan Update Bisnis Update Operasional Update Relokasi HO Perubahan accounting policy a. Implementasi SE - 97 b. Implementasi PSAK baru/revisi Perbandingan BNIL dan AXA Mandiri Analisis RBC 6. 7. Financial Update Business Update Operational Update HO Relocation Update Changes in accounting policy a. Implementation of SE – 97 b. Implementation of new/revised PSAK Comparison of BNIL and AXA Mandiri RBC Analysis 1. 2. 3. 4. 5. 6. Update Keuangan Update Bisnis Update Operasional Update Relokasi HO Persetujuan Perubahan Anti Money Laundering Policy BOD & BOC Update 1. 2. 3. 4. 5. 6. Financial Update Business Update Operational Update HO Relocation Update Approval of Changes in Anti Money Laundering Policy BOD & BOC Update 1. 2. 3. 4. 5. 6. Update Keuangan Update Bisnis Update Operasional Update Relokasi HO Proposal audit fee 2017 Business Plan 2018 1. 2. 3. 4. 5. 6. Financial Update Business Update Operational Update HO Relocation Update Proposal audit fee 2017 Business Plan 2018 Tanggal Date KW, SK, DS,HA, WS,BT, GNM, IAK, KA, HT, LSW, DRS KW, SK, DS,HA, WS,BT, GNM, IAK, KA, HT KW, KA, DS,HA, GNM, IAK, NK, HT Persetujuan Rencana Bisnis 2018 dan Budget 2019 – 2020 Approval of Business Plan 2018 and Budget 2019 – 2020 Keputusan dan Persetujuan Dewan Komisaris Tahun 2017 Sepanjang tahun 2017, Dewan Komisaris Perseroan telah mengeluarkan berbagai keputusan dan persetujuan antara lain terkait aspek sebagai berikut: No Meeting Participant Corporate Governance 1. 2. 3. 4. 5. 20 Juli 2017 July 20, 2017 Peserta Rapat Meeting Agenda KW, KA, DS,WS, GNM, IAK, NK, HT Board of Commissioners Decision and Approval in 2017 Throughout 2017, the Board of Commissioners of the Company has issued a number of decisions and approvals among others related to the following aspects: Nomor Surat Keputusan Perihal Decree Number Subject 1 20 April 2017 April 20, 2017 009.SK.BL.KOM.0417 SK Pembentukan Komite Remunerasi & Nominasi Decree on the Formation of Remuneration & Nomination Committee 2 20 April 2017 April 20, 2017 010.SK.BL.KOM.0417 SK pengangkatan anggota komite pemantau risiko Decree on the appointment of members of risk monitoring committee 3 20 Juli 2017 July 20, 2017 013.SK.BL.KOM.0717 SK Pengangkatan Ketua Komite Pemantau Risiko Decree on the appointment of Chairman of Risk Monitoring Committee 4 24 Agustus 2017 August 24, 2017 011.SK.BL.KOM.0817 SK Terkait APU-PPT Decree Related to APU-PPT 5 12 Oktober 2017 October 12, 2017 012.SK.BL.KOM.1017 Rencana Kerja Anggaran (RKAP) 2018 Budget Work Plan (RKAP) 2018 Annual Report 2017 | PT BNI Life Insurance 207
  208. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN Program Orientasi Dewan Komisaris Program pengenalan perseroan kepada pejabat baru pada organ perseroan dimaksudkan untuk memberikan pemahaman pejabat baru pada organ perseroan terhadap kondisi-kondisi yang ada dalam Perseroan sehingga pejabat baru Perseroan mendapatkan pemahaman yang komprehensif atas Perseroan baik secara organisasi maupun operasional . Board of Commissioners Orientation Program The Company's introduction program to new officials on the Company's bodies is intended to provide an understanding for the new officials regarding conditions in the Company so that they can have a comprehensive understanding of the Company both organizationally and operationally. Program Orientasi/Pengenalan ini juga diharapkan agar para anggota Dewan Komisaris dapat saling mengenal dan menjalin kerja sama yang efektif dan sebagai sarana memberikan pengenalan mengenai kondisi Perseroan secara umum. Through the Orientation/Induction Program, it is also expected that members of the Board of Commissioners will get to know each other better and collaborate effectively and as a means of introducing the general condition of the Company. Program pengenalan perseroan kepada pejabat baru, baik jajaran Direksi maupun Dewan Komisaris menjadi tanggung jawab Direktur Utama. Dalam hal Direktur Utama berhalangan atau pejabat baru tersebut adalah Direktur Utama, maka program pengenalan perseroan menjadi tanggung jawab Komisaris Utama. The Company's induction program to new officials, both Board of Directors and Board of Commissioners become the responsibility of the President Director. If the President Director is absent or the new official is the President Director, the Company's induction program becomes the responsibility of the President Commissioner. Materi yang diperkenalkan kepada Pejabat Baru setidak-tidaknya meliputi: 1. Pengenalan Operasi Perseroan. 2. Peraturan perundang-undangan yang terkait dengan kegiatan usaha Perseroan. 3. Aspek GCG di Perseroan. 4. Penjelasan mengenai tugas dan tanggung jawab Dewan Komisaris. 5. Penjelasan umum mengenai Perseroan berkaitan dengan tujuan, sifat dan lingkup kegiatan Perseroan, kinerja keuangan, strategi, rencana jangka pendek dan jangka panjang Perseroan, dan masalah-masalah strategis lainnya. Materials introduced to the New Official include at least the following: Selama tahun 2017, Perseroan telah melaksanakan Program Orientasi/ Pengenalan kepada Bapak Husain Abdullah selaku Komisaris Independen baru. During 2017, the Company has conducted Orientation/Induction to Husain Abdullah as the new Independent Commissioner. Program Pengembangan Kompetensi Dewan Komisaris Untuk menunjang pelaksanaan tugasnya, Dewan Komisaris mengikuti Program Pelatihan dalam rangka meningkatkan kompetensi Dewan Komisaris yang dilaksanakan baik secara formal maupun secara informal. Di tahun 2017, para anggota Dewan Komisaris telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: Board of Commissioners Development Program To support the execution of their duties, the Board of Commissioners follows Training Program to improve their competencies, both formally and informally. In 2017, the Board of Commissioners members has attended and participated in various training, workshops, conferences, and seminars, as follows: Nama No 1 208 Name 1. Introduction of Company’s Operations. 2. Law and Regulations related to the Company's business activities. 3. GCG aspects in the Company. 4. Description of duties and responsibilities of the Board of Commissioners. 5. General description of the Company relating to the Company's objectives, nature and scope of activities, financial performance, strategies, short-term and long-term plans, and other strategic issues. Judul Pelatihan Nama of Training Penyelenggara Organizer Krisna Wijaya - Komisaris Utama (Komisaris Independen) President Commissioner (Independent Commissioner) 28th Pasific Insurance Conference Pasific Insurance Conference Waktu & Tempat Date & Location 19-22 November 2017, Grand Hyatt, Hongkong November 19-22, 2017, Grand Hyatt, Hongkong 2 Darwin Suzandi – Komisaris Commissioner 3 Wiriadi Saputra - Komisaris Independen Independent Commissioner - - - 4 Kazuhiko Arai – Komisaris Commissioner - - - 5 Husain Abdullah - Komisaris Independen Independent Commissioner - - PT BNI Life Insurance | Laporan Tahunan 2017 -
  209. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation INDEPENDENT COMMISSIONER Komisaris Independen memiliki tugas pokok melakukan fungsi pengawasan untuk menyuarakan kepentingan pemegang polis , tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat. Main duty of Independent Commissioner is exercising oversight to voice the interests of policyholders, insured, participants, and/or the parties entitled to benefits. Kriteria Komisaris Independen Keberadaan Komisaris Independen yang ada di Perseroan senantiasa menjamin mekanisme pengawasan berjalan secara efektif dan sesuai dengan peraturan perundang-undangan. Adapun kriteria penentuan Komisaris Independen Perseroan sesuai dengan POJK No.2/POJK.05/2014 yang telah dicabut dan telah digantikan dengan Peraturan Otoritas Jasa Keuangan No.73/POJK.05/2016 tentang Tata Kelola Perseroan yang Baik bagi Perseroan Perasuransian, yaitu: Independent Commissioner Citeria Independent Commissioners always ensures the monitoring mechanism works effectively and in accordance with legislation. The criteria for determining the Company's Independent Commissioner is in accordance with the Financial Services Authority Regulation No. 2/POJK.05/2014 that has been repealed and replaced by the Financial Services Authority Regulation No. 73/POJK.05/2016 regarding Good Corporate Governance for Insurance Companies, i.e.: 1. Tidak mempunyai hubungan Afiliasi dengan anggota Direksi, anggota Dewan Komisaris, anggota Dewan Pengawas Syariah, atau pemegang saham Perseroan Asuransi, dalam Perseroan Asuransi yang sama; 2. Tidak pernah menjadi anggota Direksi, anggota Dewan Komisaris, anggota Dewan Pengawas Syariah atau menduduki jabatan 1 (satu) tingkat di bawah Direksi pada Perseroan Asuransi yang sama atau Perseroan lain yang memiliki hubungan afiliasi dengan Perseroan Asuransi tersebut dalam kurun waktu 2 (dua) tahun terakhir; 3. Memahami peraturan perundang-undangan di bidang perasuransian dan peraturan perundang-undangan lain yang relevan; 4. Memiliki pengetahuan yang baik mengenai kondisi keuangan Perseroan Asuransi tempat Komisaris Independen dimaksud menjabat; 5. Memiliki pengetahuan yang baik mengenai kepentingan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat; 6. Berdomisili di Indonesia. 1. Not having affiliation with members of the Board of Directors, Board of Commissioners, Sharia Supervisory Board, or shareholders of an Insurance Company, or in the same type of insurance company; 2. Never been a member of Board of Directors, Board of Commissioners, Sharia Supervisory Board or occupy a position 1 (one) level below the Board of Directors in an Insurance Company or similar company that has an affiliate relationship with the Insurance Company within a period of two (2) years; Dengan demikian, Komisaris Independen Perseroan telah memenuhi kriteria sesuai dengan peraturan perundang-undangan yang berlaku. Therefore, the Company’s Independent Commissioners have met the criteria pursuant to applicable laws and regulations. Pernyataan Independensi Komisaris Independen Komisaris Independen memiliki independensi dan kemandirian dalam melaksanakan tugas, tanggung jawab dan wewenangnya dalam melakukan pengawasan terhadap kebijakan Direksi dan kinerja Perseroan. Independent Commissioner Statement of Independency Independent Commissioner has the Independency and autonomy to carry out his/her duties, responsibilities and authority in controlling the Board of Directors and the Company's performance policy. Setiap anggota Komisaris Independen dipastikan tidak memiliki hubungan darah ataupun ikatan perkawinan dengan satu sama lain hingga derajat ketiga baik secara vertikal maupun horizontal. Each Independent Commissioner has been confirmed of not having any blood relationship or marital ties with each other up to the third degree either vertically or horizontally. Komisaris Independen tidak mempunyai benturan kepentingan secara pribadi dan Komisaris Independen berkomitmen tidak akan memanfaatkan Perseroan baik secara langsung maupun tidak langsung untuk kepentingan pribadi. Independent Commissioner does not have any personal conflict of interest and Independent Commissioner has committed that he/she will not take advantage of the Company either directly or indirectly for personal gain. Komitmen Komisaris Independen akan keindependensiannya ini diimplementasikan melalui surat pernyataan yang menyatakan The commitment of Independent Commissioner to his/her Independency is implemented through a declaration stating the Independency of Corporate Governance KOMISARIS INDEPENDEN 3. Understands the laws and regulations in insurance and other relevant laws and regulations; 4. Has a good knowledge regarding the Insurance Company financial condition where the Independent Commissioner is serving; 5. Has a good knowledge about the interests of policyholders, insured, participants, and/or the parties entitled to the benefits; 6. Domiciled in Indonesia. Annual Report 2017 | PT BNI Life Insurance 209
  210. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Independent Commissioner . The Independent Commissioner letter of Independency statement is as follows: Pelaksanaan Tugas Komisaris Independen Sebagaimana tercantum dalam POJK No.2/POJK.05/2014 yang telah dicabut dan telah digantikan dengan Peraturan Otoritas Jasa Keuangan No.73/POJK.05/2016 tentang Tata Kelola Perseroan yang Baik bagi Perseroan Perasuransian, bahwa Komisaris Independen wajib membuat laporan tahunan mengenai pelaksanaan tugasnya terkait dengan perlindungan kepentingan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat, baik menyangkut pelayanan maupun penyelesaian klaim, termasuk laporan mengenai perselisihan yang sedang dalam proses penyelesaian pada badan mediasi, badan arbitrase, atau badan peradilan. Berikut adalah kegiatan yang dilakukan Komisaris Independen terkait hal-hal tersebut: 1. Laporan Komisaris Independen 2. Menghadiri Pembukaan Customer Care Service Independent Commissioner Duties Implementation As stated in the Financial Services Authority Regulation No. 2/POJK.05/2014 that has been repealed and replaced by the Financial Services Authority Regulation No. 73/POJK.05/2016 regarding Good Corporate Governance for Insurance Companies, that Independent Commissioner shall prepare an annual report on the execution of their duties related to the protection of interests of the policyholders, the insured, the participants, and/or the parties entitled to benefits, both for related services and settlement of claims, including statements regarding any ongoing disputes in the settlement process in the mediation, arbitration, or judicial institution. The activities carried out by Independent Commissioner are related to such matters include: 1. Independent Commissioner Report 2. Attending Customer Care Service Openings DIREKSI BOARD OF DIRECTORS Direksi adalah Organ Perseroan yang melakukan fungsi pengurusan sebagaimana dimaksud dalam Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas. Menurut Board Charter Manual yang dimiliki Perseroan, Direksi terdiri dari 5 (lima) anggota, seorang diantaranya dapat diangkat sebagai Direktur Utama Perseroan. Direksi ditunjuk oleh Pemegang Saham Mayoritas dan Pemegang Saham Asing. Pemegang Saham Mayoritas berhak menunjuk 3 (tiga) orang Direktur, sedangkan Pemegang Saham Asing berhak menunjuk 2 (dua) orang Direktur. The Board of Directors is the Company body that performs the management function as stipulated in Law No. 40 Year 2007 regarding Limited Liability Companies. According to the Company’s Board Charter Manual, the Board of Directors consists of 5 (five) members, one of whom may be appointed as President Director of the Company. The Board of Directors is appointed by Majority Shareholders and Foreign Shareholders. Majority Shareholders are entitled to appoint 3 (three) Directors, while Foreign Shareholders are entitled to appoint 2 (two) Directors. Adapun syarat yang wajib dipenuhi untuk menjadi Direksi Perseroan adalah sebagai berikut: 1. Anggota Direksi adalah orang perseorangan yang cakap melakukan perbuatan hukum. 2. Dinyatakan lulus penilaian kemampuan dan kepatutan. 3. Berdomisili di Indonesia. 4. Mampu bertindak dengan itikad baik, jujur dan professional. The requirements that must be met to become the Company’s Board of Directors are as follows: 1. A member of the Board of Directors is a qualified individual who is capable of committing a legal act. 2. Must have passed the fit and proper test; 3. Domicile in Indonesia 4. Able to act in good faith, honestly and professionally; TATA KELOLA PERUSAHAAN keindependenan Komisaris Independen. Berikut surat pernyataan keindependenan Komisaris Independen: 210 PT BNI Life Insurance | Laporan Tahunan 2017
  211. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 5 . Able to act in the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits; Board Manual Direksi Perseroan telah memiliki Board Manual atau Pedoman Tata Kerja Direksi sebagai pedoman bagi Direksi dalam menjalankan peran dan fungsi pengelolaan Perseroan. Board of Directors Board Manual The Company already has a Board of Manual or Board of Directors’ Working Manual as a guideline for the Board of Directors in executing its roles and functions of the Company management. Board Manual PT BNI Life Insurance adalah naskah yang menjelaskan secara garis besar hal-hal yang berhubungan dengan struktur Direksi serta Dewan Komisaris dan Dewan Pengawas Syariah , serta proses hubungan fungsi Direksi, Dewan Pengawas Perseroan, Rapat Umum Pemegang Saham (“RUPS”) dan antara ketiga organ Perseroan tersebut. Board Manual ini telah disahkan pada tanggal 11 Februari tahun 2015, dan berisi kebijakan Perseroan yang mencakup: • Acuan Kebijakan • Ruang Lingkup • Referensi/Dasar Hukum • Ketentuan Direksi • Tugas, Kewajiban dan Wewenang • Susunan dan Pembagian Kerja Direksi • Rapat Direksi • Organ Pendukung Direksi • Pertemuan Formal dan Informal Direksi • Program Pengenalan Anggota Direksi • Komunikasi Formal dan Informal Direksi • Penyelenggaraan RUPS • Perbuatan Direksi yang Memerlukan Persetujuan Tertulis Dewan Komisaris Board Manual of PT BNI Life Insurance is a document outlining matters relating to the structure of the Board of Directors and Board of Commissioners and Sharia Supervisory Board, as well as the process of relationship between the function of Board of Directors, Board of Supervisors of the Company, General Meeting of Shareholders ("GMS") and between the three Company bodies. This Board Manual has been ratified on February 11, 2015, and contains the Company's policies covering: • Policy Reference • Scope • Reference/Legal Basis • Provisions of the Board of Directors • Duties, Obligations and Authorities • Structure and Segregation of Duties of the Board of Directors • Board of Directors Meeting • Supporting Bodies of the Board of Directors • Formal and Informal Meetings of the Board of Directors • Introduction Program for Board of Directors Members • Formal and Informal Communications of the Board of Directors • GMS Implementation • Board of Directors Actions Requiring the Written Approval from the Board of Commissioners Tugas, Tanggung jawab dan Wewenang Direksi 1. Bertanggung jawab secara penuh dalam melaksanakan tugasnya dengan mengutamakan kepentingan Perseroan untuk mencapai maksud dan tujuan Perseroan. 2. Melaksanakan tugasnya dalam itikad baik dan penuh tanggung jawab sesuai dengan peraturan perundang-undangan yang berlaku; 3. Menjalankan pengurusan Perseroan sesuai dengan kebijakan yang dipandang tepat dalam batas yang ditentukan dalam Undangundang dan/atau Anggaran Dasar untuk kepentingan Perseroan dan sesuai dengan maksud dan tujuan Perseroan; 4. Mengelola Perseroan sesuai dengan kewenangan dan tanggung jawabnya; 5. Membuat daftar pemegang saham, daftar khusus, risalah RUPS dan risalah rapat Direksi; Board of Directors Duties, Responsibilities, and Authorities 1. Take full responsibility in carrying out its duties by prioritizing the interests of the Company in order to achieve the Company’s goals and objectives. 2. Carry out its duties in good faith and responsibly, in accordance with legislation in force; 3. Peform the management of the Company in accordance with policies deemed appropriate within the limits prescribed in Law and/or the Articles of Association, for the interests of the Company and in accordance with the Company’s purposes and objectives; 4. Manage the Company in accordance with its authority and responsibility; 5. Keep the list of shareholders, the special register, the GMS minutes and the Board of Directors meeting minutes; 6. Put the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits before their own interests; 7. Able to make decisions based on independent and objective judgment for the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits; 8. Able to prevent undue abuse of authority for personal gain or cause losses to the Company. Annual Report 2017 | PT BNI Life Insurance Corporate Governance 5. Mampu bertindak untuk kepentingan Perseroan dan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat. 6. Mendahulukan kepentingan Perseroan dan pemegang polis, tertanggung, peserta dan/atau pihak yang berhak memperoleh manfaat dari pada kepentingan pribadi. 7. Mampu mengambil keputusan berdasarkan penilaian independen dan objektif untuk kepentingan Perseroan dan pemegang polis, tertanggung, peserta dan/atau pihak yang berhak memperoleh manfaat. 8. Mampu menghindarkan penyalahgunaan kewenangannya untuk mendapatkan keuntungan pribadi yang tidak semestinya atau menyebabkan kerugian bagi Perseroan. 211
  212. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN 6 . Membuat Laporan tahunan dan dokumen keuangan Perseroan sebagaimana dimaksud dalam Undang-undang tentang Dokumen Perseroan; 7. Melaporkan kepada Perseroan mengenai saham yang dimiliki anggota Direksi yang bersangkutan dan/atau keluarganya dalam Perseroan dan Perseroan lain untuk selanjutnya dicatat dalam daftar khusus; 8. Menyusun dan memberikan persetujuan, melalui suatu putusan dalam suatu rapat Direksi, Rencana Kerja yang setelah disetujui Dewan Komisaris yang dipaparkan kepada RUPS paling lambat 60 (enam puluh) hari kalender sebelum awal masing-masing tahun buku. Rencana Kerja harus disetujui sebelum awal masing-masing tahun buku; 9. Menjamin pengambilan keputusan yang efektif, tepat dan cepat serta dapat bertindak dengan independen, tidak mempunyai kepentingan yang dapat mengganggu kemampuannya untuk melaksanakan tugas secara mandiri dan kritis; 10.Mematuhi peraturan perundang-undangan, anggaran dasar, dan peraturan internal lain dari Perseroan dalam melaksanakan tugasnya; 11.Mempertanggungjawabkan pelaksanaan tugasnya kepada RUPS; 12.Memastikan agar Perseroan memperhatikan kepentingan semua pihak, khususnya kepentingan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat; 13.Memastikan agar informasi mengenai Perseroan diberikan kepada Dewan Komisaris dan Dewan Pengawas Syariah secara tepat waktu dan lengkap; 14.Membantu memenuhi kebutuhan Dewan Pengawas Syariah dalam menggunakan anggota komite investasi, karyawan Perseroan, dan tenaga ahli profesional yang struktur organisasinya berada di bawah Direksi; 15.Membentuk komite investasi, komite pengembangan produk, komite risiko, asset & liability dan komite lainnya yang dianggap perlu; 16.Menyelenggarakan rapat Direksi secara berkala paling sedikit 1 (satu) kali dalam 1 (satu) bulan; 17. Melakukan pengungkapan mengenai: a.Kepemilikan sahamnya yang mencapai 5% (lima persen) atau lebih pada Perseroan tempat anggota Direksi dimaksud menjabat dan/atau pada Perseroan lain yang berkedudukan di dalam dan di luar negeri; dan b.Hubungan keuangan dan hubungan keluarga dengan anggota Direksi lain, anggota Dewan Komisaris, anggota Dewan Pengawas Syariah, dan/atau pemegang saham Perseroan tempat anggota Direksi dimaksud menjabat. 18.Memastikan bahwa aset dan lokasi usaha serta fasilitas Perseroan memenuhi peraturan perundang-undangan di bidang pelestarian lingkungan, kesehatan dan keselamatan kerja; 19.Menyiapkan Rencana Kerja dan Anggaran Perseroan (RKAP) sebagai penjabaran tahunan dari Rencana Jangka Panjang Perseroan (RJPP); Susunan dan Pembagian Kerja Direksi Berdasarkan ketentuan Anggaran Dasar, pembagian tugas dan wewenang dari anggota Direksi akan ditentukan oleh RUPS. Apabila RUPS tidak menentukan, maka tugas dan wewenang dari anggota Direksi akan ditentukan oleh Rapat Direksi. 212 PT BNI Life Insurance | Laporan Tahunan 2017 6. Prepare the annual report and financial documents referred to in the Company Document Legislations; 7. Report to the Company regarding shares owned by members of Board of Directors and/or their family in the Company and other companies, and record in a special register; 8. Develop and provide consent, through Board of Directors meeting decision, the Work Plan as approved by Board of Commissioners and will be presented to the GMS no later than 60 (sixty) calendar days prior to the beginning of each fiscal year. The Work Plan must be approved before the beginning of each fiscal year; 9. Ensure effective, precise and quick decision making as well as able to act independently, and shall not have interests that may interfere with the ability to perform tasks independently and critically; 10.Comply with the laws and regulations, articles of associations and other internal regulations of the Company in performing its duties; 11.Account for the execution of its duties to the GMS; 12.Ensure that the Company considers the interests of all parties, especially the interests of the policyholders, the insured, the participants, and/or the parties entitled to benefits; 13.Ensure that information regarding the Company are sent to the Board of Commissioners and Sharia Supervisory Board in a timely and complete manner; 14.Assist in meeting the needs of the Shariah Supervisory Board for using the investment committee members, company employees, and professional experts whose organizational structure is under the Board of Directors; 15.Establish investment committee, product development committee, risk committee, asset & liability committee, and other committees deemed necessary; 16.Convene Board of Directors meetings on a regular basis at least once in 1 (one) month; 17.Perform disclosure regarding: a. Share ownership of 5% (five percent) or more by the Company’s Board of Directors as a member of office and/or at other company domiciled within and outside the country; and b. Financial and family relationships with fellow Board members, members of the Board of Commissioners, members of the Sharia Supervisory Board and/or shareholders of the Company where the concerned member of the Board of Directors is currently serving. 18.Ensure that the Company’s assets, business location, and facilities meet the legislation in the field of environmental conservation, occupational health and safety. 19.Prepare the Company's Work Plan and Budget (RKAP) as an annual translation of the Company's Long Term Plan (RJPP); Board of Directors Composition and Duties Segregation Under the provisions of the Articles of Association, the segregation of duties and authority of members of Board of Directors shall be determined by the GMS. If the GMS does not determine, the duties and authority of members of Board of Directors shall be determined by Board of Directors Meeting.
  213. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Susunan Direksi Perseroan sebagai berikut : Pada tahun 2017, komposisi Direksi BNI Life mengalami perubahan, sesuai dengan keputusan Rapat Umum Pemegang Saham Luar Biasa yang diselenggarakan pada tanggal 5 September 2017. Nama Jabatan Name Budi Tampubolon Geger N. Maulana Intan Abdams Katoppo Hirokazu Todaka Kazuhiko Arai Position Direktur Utama President Director Wakil Direktur Utama Vice President Director Direktur Director Direktur Director Direktur Director Board of Directors Composition for period of January 1 – August 31, 2017 Dasar Pengangkatan Pertama Domisili Domicile Jakarta Tanggal Pengangkatan Kembali First Basis of Appointment Akta Keputusan RUPS Luar Biasa No 5 tanggal 7 Januari 2014. Deed of Extraordinary GMS Decision No. 5 dated January 7, 2014 Date of Reappointment Akhir Masa Jabatan End of Tenure RUPS Tahunan 2017 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun tanggal 16 Maret 2015 2018 Deed of Annual GMS Decision 2017 Annual GMS that will be dated March 16, 2015 held in 2018 Jakarta Akta Keputusan RUPS Luar Biasa No. 27 tanggal 20 September 2011 Deed of Extraordinary GMS Decision No. 27 dated September 20, 2011 Jakarta Akta Keputusan RUPS Luar Biasa No. 38 tanggal 30 Maret 2015 Deed of Extraordinary GMS Decision No. 38 dated March 30, 2015 - Jakarta Akta Keputusan RUPS Luar Biasa No. 44 tanggal 29 Agustus 2014 Deed of Extraordinary GMS Decision No. 44 dated August 29, 2014 RUPS Tahunan 2019 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun No.158 tanggal 16 Maret 2017 2020 Deed of Annual GMS Decision 2019 Annual GMS that will be No. 158 dated March 16, 2017 held in 2020 Jakarta Akta Keputusan RUPS Luar Biasa No. 44 tanggal 29 Agustus 2014 Deed of Extraordinary GMS Decision No. 44 dated August 29, 2014 RUPS Tahunan 2019 yang diselenggarakan pada tahun 2020 RUPS Tahunan 2019 yang diselenggarakan pada tahun 2020 RUPS Tahunan 2017 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun tanggal 16 Maret 2015 2018 Deed of Annual GMS Decision 2017 Annual GMS that will be dated March 16, 2015 held in 2018 RUPS Tahunan 2018 yang diselenggarakan pada tahun 2019 2018 Annual GMS that will be held in 2019 RUPS Tahunan 2019 yang diselenggarakan pada tahun 2020 2019 Annual GMS that will be held in 2020 Catatan : Sesuai Akta Keputusan RUPS Luar Biasa No.23 tanggal 9 Agustus 2017, Bapak Kazuhiko Arai selaku Direktur digantikan oleh Bapak Naruyoshi Kuwata efektif per tanggal 1 September 2017. Note: Pursuant to Deed of Extraordinary GMS Decision No.23 dated August 9, 2017, Kazuhiko Arai as Director was replaced by Naruyoshi Kuwata effective as of September 1, 2017. Komposisi Direksi periode 1 September- 31 Desember 2017 adalah sebagai berikut: Board of Directors Composition for period of September 1 – December 31, 2017 as follow: Nama Jabatan Name Geger N. Maulana Intan Abdams Katoppo Hirokazu Todaka Position Wakil Direktur Utama (PLT Direktur Utama) Vice President Director (Acting President Director) Direktur Director Direktur Director Domisili Domicile Corporate Governance Komposisi Direksi periode 1 Januari - 31 Agustus 2017 The composition of the Company's Board of Directors is as follows: In 2017, BNI Life’s Board of Directors composition has undergone changes, in accordance with the decision of Extraordinary General Meeting of Shareholders held on September 5, 2017. Dasar Pengangkatan Pertama Tanggal Pengangkatan Kembali First Basis of Appointment Date of Reappointment Akhir Masa Jabatan End of Tenure Jakarta Akta Keputusan RUPS Luar Biasa No. 27 tanggal 20 September 2011 Deed of Extraordinary GMS Decision No. 27 dated September 20, 2011 Jakarta Akta Keputusan RUPS Luar Biasa No. 38 tanggal 30 Maret 2015 Deed of Extraordinary GMS Decision No. 38 dated March 30, 2015 - Jakarta Akta Keputusan RUPS Luar Biasa No. 44 tanggal 29 Agustus 2014 Deed of Extraordinary GMS Decision No. 44 dated August 29, 2014 RUPS Tahunan 2019 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun No.158 tanggal 16 Maret 2017 2020 Deed of Annual GMS Decision 2019 Annual GMS that will be No. 158 dated March 16, 2017 held in 2020 RUPS Tahunan 2017 yang Akta Keputusan RUPS Tahunan diselenggarakan pada tahun No.29 tanggal 16 Maret 2015 2018 Deed of Annual GMS Decision 2017 Annual GMS that will be No. 29 dated March 16, 2015 held in 2018 RUPS Tahunan 2018 yang diselenggarakan pada tahun 2019 2018 Annual GMS that will be held in 2019 Annual Report 2017 | PT BNI Life Insurance 213
  214. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name TATA KELOLA PERUSAHAAN 214 Naruyoshi Kuwata Position Direktur Director Dasar Pengangkatan Pertama Domisili Domicile Jakarta Tanggal Pengangkatan Kembali First Basis of Appointment Akta Keputusan RUPS Luar Biasa No . 23 tanggal 9 Agustus 2017 Deed of Extraordinary GMS Decision No. 23 dated August 9, 2017 Akhir Masa Jabatan End of Tenure Date of Reappointment - RUPS Tahunan 2019 yang diselenggarakan pada tahun 2020 2019 Annual GMS that will be held in 2020 Catatan : Sesuai Akta Keputusan RUPS Luar Biasa No.6 tanggal 5 September, Bapak Budi T. A. Tampubolon mengundurkan diri sebagai Direktur Utama efektif per tanggal 1 September 2017 dan Bapak Geger N Maulana ditunjuk sebagai Wakil Direktur Utama merangkap Plt. Direktur Utama efektif per tanggal 1 September 2017. Note: Pursuant to Deed of Extraordinary GMS No.6 dated September 5, Budi T. A. Tampubolon resigned as President Director on September 1, 2017 and Geger N Maulana was appointed as Vice President Director and also as Acting President Director effective as of September 1, 2017. Independensi Direksi Board of Directors Independency Direksi Perseroan Perasuransian wajib menjamin pengambilan keputusan yang efektif, tepat dan cepat serta dapat bertindak secara independen, tidak mempunyai kepentingan yang dapat mengganggu kemampuannya untuk melaksanakan tugas secara mandiri dan kritis. The Insurance Company’s Board of Directors must ensure effective, precise and quick decision-making and must act independently, do not have interests that may interfere with their ability to perform tasks independently and critically. Agar Direksi dapat bertindak sebaik-baiknya demi kepentingan Perseroan secara keseluruhan, maka independensi Direksi merupakan salah satu faktor penting yang harus dijaga. Untuk menjaga independensi, maka ditetapkan ketentuan sebagai berikut: 1. Selain badan Perseroan, pihak lain manapun dilarang melakukan atau campur tangan dalam pengurusan Perseroan; 2. Direktur dilarang melakukan aktivitas yang dapat mengganggu independensinya dalam mengurus Perseroan; 3. Anggota Direksi dilarang saling memiliki hubungan keluarga sampai dengan derajat kedua dengan sesama anggota Direksi dan/atau dengan anggota Dewan Komisaris; 4. Anggota Direksi dilarang menjadi pengurus partai politik dan/atau calon/anggota legislatif; 5. Anggota Direksi baik secara sendiri-sendiri atau bersama-sama dilarang memiliki saham melebihi 25% dari modal disetor pada suatu Perseroan lain. For Board of Directors able to act in the interests of the Company as a whole, then the Board of Directors Independency is an important factor that must be maintained. To maintain Independency, the following conditions have been set: 1. Other than the Company’s Bodies, any other party is prohibited from intervening in the management of the Company; 2. Directors are prohibited to conduct any activities that can interfere their Independency in managing the Company; 3. Members of Board of Directors are prohibited from having family relations up to the second degree with fellow members of Board of Directors and/or members of Board of Commissioners; 4. Members of the Board of Directors may not be on the board of political parties and/or candidates/members of the legislature; 5. Members of Board of Directors either individually or collectively are prohibited from owning more than 25% of the paid up capital of another company. Pengangkatan dan Pemberhentian Direksi Board of Directors Appointment and Dismissal Anggota Direksi diangkat dan diberhentikan oleh RUPS dengan memperhatikan ketentuan dalam Anggaran Dasar dan berdomisili di Indonesia. Member of Board of Directors are appointed and dismissed by the GMS with regard to the provisions in the Articles of Association, and must be domiciled in Indonesia. Adapun kriteria yang harus dipenuhi Direksi adalah sebagai berikut: 1. Anggota Direksi dinyatakan lulus penilaian kemampuan dan kepatutan; 2. Anggota Direksi mampu untuk bertindak dengan itikad baik, jujur dan profesional; 3. Anggota Direksi mampu bertindak untuk kepentingan Perseroan dan pemegang polis, tertanggung, peserta dan/atau pihak yang berhak memperoleh manfaat; 4. Anggota Direksi mendahulukan kepentingan Perseroan dan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat daripada kepentingan pribadi; 5. Anggota Direksi mampu mengambil keputusan berdasarkan penilaian independen dan objektif untuk kepentingan Perseroan dan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat; The Board of Directors criteria is as follows: 1. Members of Board of Directors must have passed the fit and proper test; 2. Members of Board of Directors shall act in good faith, honestly and professionally; 3. Members of Board of Directors shall act in the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits; 4. Members of Board of Directors shall put the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits before their own interests; 5. Members of Board of Directors shall make decisions based on independent judgment and objective interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits; PT BNI Life Insurance | Laporan Tahunan 2017
  215. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 6 . Anggota Direksi mampu menghindarkan penyalahgunaan kewenangannya untuk mendapatkan keuntungan pribadi yang tidak semestinya atau menyebabkan kerugian bagi Perseroan. 7. Memiliki komitmen untuk mematuhi peraturan perundang-undangan yang berlaku; 8. Memiliki pengetahuan dan pengalaman di bidang perasuransian yang memadai dan relevan dengan jabatannya; 9. Minimal memiliki pengalaman 5 (lima) tahun di bidang operasional industri asuransi sebagai pejabat eksekutif. 6. Members of Board of Directors shall prevent undue abuse of authority for personal gain or cause losses to the Company. Frekuensi Pertemuan Direksi Board of Directors Meeting Frequency Direksi Perseroan menyelenggarakan rapat Direksi secara berkala paling sedikit 1 (satu) kali dalam 1 (satu) bulan. Rapat Direksi dapat diadakan setiap waktu apabila dianggap perlu oleh seorang atau lebih anggota Direksi, atau atas permintaan tertulis dari seorang atau lebih dari anggota Dewan Komisaris atau atas permintaan tertulis 1 (satu) pemegang saham atau lebih yang bersama-sama mewakili sekurangkurangnya 1/10 (satu per sepuluh) bagian dari jumlah seluruh saham yang telah ditempatkan oleh Perseroan dengan hak suara yang sah. Bila diadakan, maka panggilan untuk Rapat Direksi tersebut wajib disampaikan dengan surat tercatat atau dengan surat yang disampaikan secara langsung kepada setiap anggota Direksi. The Board of Directors held meetings on a regular basis at least 1 (one) time in 1 (one) month. Board of Directors Meeting may be held at any time if deemed necessary by one or more members of Board of Directors, or upon written request from one or more members of Board of Commissioners or by written request of one (1) or more shareholders who together represent at least 1/10 (one-tenth) of the total shares issued by the Company with valid voting rights. When held, invitation for the Board of Directors Meeting must be submitted by registered mail or by letter delivered directly to each member of Board of Directors. Sepanjang tahun 2017 Direksi telah mengadakan rapat sebanyak 58 (lima puluh delapan) kali dengan jumlah kehadiran sebagai berikut: Throughout 2017, the Board of Directors held 58 (fifty eight) meetings with attendance as follows: 8. Shall have adequate knowledge and experience in the area of insurance and relevant to their position; 9. Shall have at least five (5) years experience in the insurance industry operations as an executive officer. Board of Directors Meeting Attendance Nama Jabatan Jumlah Rapat Jumlah Kehadiran % Kehadiran Budi Tampubolon* Direktur Utama President Director 39 38 97% Geger N Maulana Wakil Direktur Utama (PLT Direktur Utama) Vice President Director (Acting President Director) 58 57 98% Intan Abdams Katoppo Direktur Director 58 54 93% Kazuhiko Arai* Direktur Director 39 38 97% Hirokazu Tokada Direktur Director 58 57 98% Naruyoshi Kuwata** Direktur Director 17 16 94% Name Position Ada pun agenda rapat dan kehadiran Direksi dalam Rapat Direksi adalah sebagai berikut: No. 1 Corporate Governance Kehadiran Rapat Direksi 7. Shall have commitment to comply with applicable laws and regulations; Tanggal Total Attendance % Attendance Agenda and Directors’ Attendance in Board of Directors Meetings are as follows: Agenda Date 09 Januari 2017 January 09, 2017 Number of Meetings 1 BoD Discussion: Resignation of Division Heads 2 IT Steering Commitee: Request Approval New Core System Plan 3 BoD Discussion: Petrokimia Gresik 4 Sharia: Request Approval Bancassurance (In Branch) Target and Remuneration 5 HO Relocation Team: Update Preparatory Stage by Artefak Arkindo 6 IT Team: Payment Phase 2 KPMG 7 Financial Controller: Update Financial December 2016 8 BoD Discussion: Financial Update December 2016 9 Internal Audit:Draft Audited Report SPI BNI Peserta Participant BT, GNM, IAK, KA, HT Absen Absent - Annual Report 2017 | PT BNI Life Insurance 215
  216. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation No . Tanggal Agenda Date 1 TATA KELOLA PERUSAHAAN 2 3 4 5 6 7 8 9 10 216 16 Januari 2017, January 16, 2017 23 Januari 2017 January 23, 2017 30 Januari 2017 January 30, 2017 31 Januari 2017 January 31, 2017 06 Februari 2017 February 06, 2017 07 Februari 2017 February 07, 2017 13 Februari 2017 February 13, 2017 16 Februari 2017 February 16, 2017 20 Februari 2017 February 20, 2017 PT BNI Life Insurance | Laporan Tahunan 2017 Peserta Participant Absen Absent BoD Discussion: 2 Pricing & Prodev: 1. Q1 2017 Product Initiatives 2. Management Fee Benchmarking 3 Risk Management: Risk Control Plan 2017 4 HCT: 1. Vacant position in Division Head Level 2. Employee Training Development & Program 2017 5 Financial Controller: MTD December 2016 Explanation and YE Audit Update 1 Investment: 1. Bond/Fund Purchase to support EB team in Petrokimia 2. New Investment Guidline 2 EB Open Market: Update Termination of Post Retirement TKPT Bontang 3 Affinity: The implementation Result of New Validation in Telemarketing Incentive Scheme for Non Perisai Plus Product 4 Compliance: 1. Compliance Regulation Update 2. Compliance Plan 2017 5 Legal: Term of Office BoD, BoC and DPS 6 Financial Controller: Update New Business Premium Concept 1 Bancassurance: Update BLPM Package Launch 2 BoD Discussion 3 Internal Audit: Update Internal Audit 2016 - 2017 4 HO Relocation Team: Update Expiration of Landmark Office 5 HCT: Manpower expenses and deadwoods 1 HO Relocation: Owner Estimate Methods of Design and Build 1 EB Open Market: Termination of Retirement Saving "Tabungan Kesejahteraan Purna Tugas" (TKPT) of Bontang City 2 Corporate Communication: Digital For Insurance, Customer Engagement & Commercial Opportunities 3 ProDev: EB OM Pricing Strategy 2017 4 Investment: 1. Revised Investment Guideline 2. Purchase IDR 200 Bio Panin Sub Debt Bond 2017 5 Financial Controller: Audit Result 1 Pricing:Update UW Profitability 2 HO Relocation Team: Update Project Design & Build BNIL Winner Tender Recommendation 1 Business Development: Update DPLK BNI Life 2 HO Relocation Team: 1st right of refusal in Centennial Tower 3 PCBC: Update Renewal Premium Income Opportunity and Challenge 4 Legal: Retainer Lawyer 5 EB Open Market: Update Termination of Post Retirement Saving Bontang 6 Financial Controller: Financial Performance January 2017 7 Bancassurance: 1. Update Performance January 2017 2. Update Regional RBM Classification 1 HO Relocation Team: Update 1 EB Business Banking: Performance January 2017 2 EB Open Market: Performance January 2017 3 Corporate Communication:BNIL Brand Strategy 4 IT: IT POA 2017 5 Agency: Performance January 2017 6 Sharia: Performance January 2017 7 Financial Controller:Profitability Analysis BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA HT BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT -
  217. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No . 12 13 14 15 16 17 Agenda Date 27 Februari 2017 February 27, 2017 06 Maret 2017 March 06, 2017 13 Maret 2017 March 13, 2017 20 Maret 2017 March 20, 2017 1 New Core System Procurement Team: Approval Request Action Plan For KPMG Contract 2 New Core System Procurement (New): Update Procurement 3 Bancassurance Support: Approval Request: ASM Remuneration 4 Risk Management: 1. Monitoring report Q4 2016 2. BNIL Risk Management Report 2016 to OJK 5 UW & CS: Monthly Report January 2017 6 Claim: Monthly update January 2017 7 CCH: Monthly update January 2017 8 BoD Discussion 1 Corporate Planning: BNIL Update and Performance Review 2 HCT: Employee Growth and Productivity (2012 - 2016) 3 UW & CS: Human Capital Management in UW & CS 4 Financial Controller: BNIL Financial Update February 2017 1 Investment: 1. Purchase 200 Bio RDPT PNM 2. Update Investment Income Feb. 2017 2. Update: Investment Income February 2017 2 New Core System Procurement Team: Procurement Update Organization Structure 3 Bancassurance: Performance February 2017 4 EB Business Banking & EB Open Market: Performance February 2017 5 Agency: Performance February 2017 6 Syariah: Performance February 2017 7 HCT & Corpplan: BNIL KPI 2017 to be the Big 5 8 Financial Controller: Financial BNIL February 2017 1 Valuation: Re-Insurance Review 2 HO Relocation Team: Update HO Relocation Additional Project 3 Corporate Planning: Update Initiative to Support Net Profit 4 HCT: 1. Update BNIL PPKP 2016 2. Update Job Rotation 1 Affinity: Ciptrada Core Telemarketing System 2 Investment: 1. To Buy Japfa Comfeed Bond 2. To use HPAM as equity fund manager 3. Liquidation of Lautandhana RDT 4. Subscription to Syailendra RDT 3 IT: 1. IT Infrastructure procurement in the context of HO relocation 2. Progress Status of New Core System Procurement 4 PCBC: Renewal Performance YTD February 2017 27 Maret 2017 March 27, 2017 03 April 2017 April 03, 2017 10 April 2017 April 10, 2017 5 Prodev: Market View Allianz 1 Compliance:Update Conflict Channel Case 2 Bancassurance:Performance March 2017 3 IT :Update BNIL e-Sales 4 Financial Controller: Financial Projection 2017 5 HCT : Update: Job Rotation 1 EB Business Banking: Performance March 2017 & Proposal to Recruit EB Specialist (Partnership) 2 EB Open Market: Performance March 17 3 Valuation: Reinsurance Review 4 Procurement: Update Payment to 3rd Parties 5 Agency :Performance March 2017 6 Syariah: Performance March 2017 7 Bancassurance: Solusi Series Performance Update Peserta Participant Absen Absent BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, KA, HT IAK BT, GNM, KA, HT IAK Annual Report 2017 | PT BNI Life Insurance Corporate Governance 11 Tanggal 217
  218. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation No . 18 TATA KELOLA PERUSAHAAN 19 20 21 22 23 Agenda Date 18 April 2017 April 18, 2017 25 April 2017 April 25, 2017 02 Mei 2017 May 02, 2017 08 Mei 2017 May 08, 2017 15 Mei 2017 May 05, 2017 22 Mei 2017 May 22, 2017 1 IT : IT Architecture 2 Financial Controller: Update Financial Projection 2017 3 Claim: Update March 2017 4 UW & CS: Update March 2017 5 BoD Discussion 1 HO Relocation Team: Update HO Relocation & Data Center 2 PCBC: Update Policy Persistency, Renewal Q1, Optima Saving Overview & Initiatives 3 CCHU: Update March 2017 1 Investment: Proposal to include new Bank - Bank Woori - in BNIL approved list 2 Valuation: Update Retention Analysis 3 Bancassurance: Performance April 2017 4 Financial Controller: Financial Result April 2017 1 PCBC: Program Retain Optima Saving's Policies 2 EB Business Banking: Performance April 2017 3 EB Open Market: Performance April 2017 4 Agency: Performance April 2017 5 HCT: Approval Request for Human Capital 6 Syariah: Performance April 2017 7 Risk Management: 1. Update Risk Monitoring Report Q1 2.Update Risk Management Information System (Dashboard) 8 Financial Controller: Update March-April Achivement Explanation 1 PCBC: Update Program To Retain Optiama Saving Policies 2 Syariah:Update Result of OJK Audit Of BNIL Syariah Unit (Interim) 3 Financial Controller: March - April Explanation 4 HCT :Update Human Resources 1 BoD Discussion: 2 Investment: Proposal to buy MTN BPO Jambi; 3 PCBC: Proposal to Retain Optima Saving Policy Holder 4 Bancassurance: for next action MUSTAPA & Update SIAP 5 Risk Management: Risk Based Capital 6 Affinity : 1. for Next Action MUSTAPA 2. Update SIAP HO Relocation Team: Update HO Relocation 24 24 Mei 2017 May 24, 2017 1 1 CCH: Update April 2017 25 29 Mei 2017 May 29, 2017 2 HCT: Update OJK's Insurance Learning Center 26 05 Juni 2017 June 05, 2017 27 07 Juni 2017 June 07, 2017 28 218 Tanggal 19 Juni 2017 June 19, 2017 PT BNI Life Insurance | Laporan Tahunan 2017 3 Claim: Update April 2017 1 Corporate & Product Strategy: Update Market Review AXA Mandiri Financial Service 2 PCBC: Update May 2017 3 New Core System: Update 4 Financial Controller: Profitability Analysis 2017 1 Financial Controller: Update MTD May 2017 1 Bancassurance: Approval Request Minimum Wage 2 Valuation: Change in Own Retention Policy 3 BoD Discussion 4 Financial Controller: 1. Update PSAK 2. Change in Accounting Policy 3. Tax Update 5 IT: IT Security Awareness 6 E-BAS Team: E-Bancassurance Peserta Participant Absen Absent BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - GNM, IAK, KA, HT BT, GNM, IAK, KA, HT BT -
  219. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No . 29 31 32 Agenda Date 21 Juni 2017 June 21, 2017 1 03 Juli 2017 July 03, 2017 1 PCBC: Policy persistency ratio in Telemarketing 2 ProDev: BLPM Package 3 New Core System Team: Update 10 Juli 2017 July 10, 2017 17 Juli 2017 July 17, 2107 PCBC: To Retain Optima Saving by Bonus Program 4 Financial Controller:Profitability Analysis 2017 1 HO Relocation Team: Update HO Relocation 2 Financial Controller: Accounting & Tax Update 3 Syariah: Performance June 2017 4 BOD Discussion 5 Bancassurance: Performance June 2017 6 Employee Benefit: Performance June 2017 7 Agency: Performance June 2017 8 BOD Discussion 9 Corporate Planning: Action Plan for PPA BNI Letter 1 Valuation: Reinsurance Review - Change in Retention Piolicy 2 PCBC: Update Renewal Performance 3 New Core System Team : Update 4 UW & CS : Report per June 2017 5 CCHU : Report per June 2017 1 Employee Benefit: EB Customer's Profitability Monitoring 33 26 Juli 2017 July 26, 2107 2 Claim: Report YTD June 2017 3 PCBC:Achievement YTD June 2017 4 Investment: Investment Report June 2017 34 31 Juli 2017 July 31, 2017 1 New Core System Team: Update 2 BoD Discussion 35 07 Augustus 2017 August 07, 2017 1 LEGAL: in New Core System 2 Bancassurance: Update Bancassurance Business Plan 2018 1 Compliance: Money Laudering Policy Changes 36 14 Agustus 2017 August 14, 2017 2 PCBC: Persistance Study on Individual Policy 3 Valuation: Reinsurance Review (Implementation New Rate & Profit Projection) 37 21 Agustus 2017 August 21, 2017 38 23 Agustus 2017 August 23, 2017 39 40 28 Agustus 2017 August 28, 2017 04 September 2017 September 04, 2017 4 BOD Discussion 1 Corporate Communication: BNIL Brand Communication Strategy 2 Bancassurance Business Support: Update Minimum Wage 3 BoD Discussion 4 Corporate Planning: BNI Life Forecast 2017 1 Corporate Planning: BNIL Forcast 2017 1 Risk Management: 1. Risk Management Q2-2017 2. Risk Control Plan Update 2 PCBC: Persistency Improvement Strategy 3 Corporate Planning: Update BNIL Budget 2018 4 New Core System Team: Update 1 EB Business Banking: Performance August 2017 2 EB Open Market: Performance August 2017 3 Bancassurance: Performance August 2017 4 Syariah: Performance August 2017 5 Agency : Performance August 2017 6 Financial Controller: Update Financial August 2017 7 Valuation: Reinsurance Review – Reinsurance Initiatives Peserta Participant BT, GNM, KA, HT Absen Absent IAK BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, IAK, KA, HT GNM BT, GNM, IAK, KA, HT - BT, GNM, IAK, KA, HT - BT, GNM, KA, HT IAK BT, GNM, IAK, HT KA GNM, IAK, HT, NK Corporate Governance 30 Tanggal - Annual Report 2017 | PT BNI Life Insurance 219
  220. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation No . TATA KELOLA PERUSAHAAN 41 42 43 44 45 46 Agenda Date 11 September 2017 September 11, 2017 18 September 2017 September 18, 2017 25 September 2017 September 25, 2017 02 Oktober 2017 October 02, 2017 09 Oktober 2017 October 09, 2017 16 Oktober 2017 October 16, 2017 1 BOD Discussion: Update 2018 Business Plan (BoD's General Policy) 2 Bancassurance: Update Bancassurance Business Plan 2018 3 Employee Benefit:Business Plan 2018 4 Syariah: 2018 Strategy and Development 5 Agency: 2018 Business Plan 6 Business Development: 2018 Business Plan 7 PCBC: 2018 Business Plan 8 Risk Management: RBC Ratio as a Measure of Appetite 9 Investment: Investment Plan 2018 10 Financial Controller: Opex 2018 to Support Business Plan 2018 11 BOD Discussion: 2018 Business Plan 1 Investment: to Include PT Timah (Persero) Tbk in BNI Life Approved List 2 Compliance: Technical Policy Changes Anti Money Laundering, and Counter Financial Terrorism (AML-CFT) Preventing Program 3 PCBC: Program to Retain Optima Saving 4 Corporate Planning: Update KPI BNI 5 HCT: COP Analysis 6 Risk Management: 1. RBC Ratio as Measure for Risk Appetite 2. Business Plan 2018 1 Valuation: Impact Reserve New OJK Regulation 2 UW & CS: Monthly Report August 2017 3 Claim: Monthly Report August 2017 4 BoD Discussion 1 BoD Discussion: 2 New Core System Team: Update 3 Employee Benefit:Performance September 2017 4 Bancassurance Business Support: Update Sales, Production & Recruitment Cost 5 Bancassurance: Performance September 2017 6 Agency:Performance September 2017 7 Syariah:Performance September 2017 1 BoD Discussion 2 PCBC: Achievement YTD September 2017 3 New Core System Team: Update HPS, Entire Timeline 4 Financial Controller: Financial Updates September 2017 1 Investment: 1) Proposal to Add Maybank Asset Management 2) September 2017 Investment report 3) Direct Investment in BNI Syariah 2 DPLK Team: Update 3 BOD Discussion: 4 HCT: Employee Gathering 5 Financial Controller:Opex Efficiency October - December 2017 6 Claim: Update September 2017 7 UW & CS: Update September 2017 47 16 Oktober 2017 October 16, 2017 1 Corporate Planning: BNI Life Narrative Business Plan 2018 23 Oktober 2017 October 23, 2017 1 IT : E-Claim 48 2 New Core System Team: Update 3 CCHU: Update September 2017 1 Business Development: Business Cooperation with BNI Client, BPD 30 Oktober 2017 October 30, 2017 2 Digilife Team: Digitalize Your Life 3 BoD Discussion 49 220 Tanggal PT BNI Life Insurance | Laporan Tahunan 2017 Peserta Participant Absen Absent GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT NK GNM, IAK, HT, NK - GNM, IAK, HT, NK -
  221. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No . 50 52 53 54 Agenda Date 06 November 2017 November 06, 2017 09 November 2017 November 09, 2017 13 November 2017 November 13, 2017 20 November 2017 November 20, 2017 28 November 2017 November 28, 2017 1 Employee Benefit: Performance YTD October 2017 2 Bancassurance: Performance YTD October 2017 3 BoD Discussion 4 HCT: Employee Deployment from BNI to Subsidiaries 5 Business Development: Digital Business Cooperation with BNI EBK 6 Financial Controller: Financial BNI Life October 2017 1 EB Business Banking: Update Pupuk Sriwijaya Palembang 2 Corporate Planning: KPI 1 PCBC: Renewal & SLA Achievement YTD October 2017 2 Syariah: Performance October 2017 3 Agency: Performance October 2017 4 Bancassurance: Strategy to Close the Gap 5 Corporate Planning: BoD 1 Investment: Equity Based Unit Link Investment Strategy & Fund Manager 2 Establishing Monitoring Framework for Profitability Group Health Insurance 3 Claim: Update November 2017 4 HCT: Employee Outing 5 UW & CS: Update November 2017 6 Risk Management: Risk Monitoring Update Q3 2017 1 ProDev: Optima Saving Batch 7 2 HCT: Employee Training Program 2018 & Review 2017 3 HCT: Organization Structure 1 Employee Benefit: Performance YTD November 2017 55 04 Desember 2017 December 04, 2017 2 Bancassurance: Performance YTD November 2017 3 Agency: Performance YTD November 2017 4 Syariah: Performance YTD November 2017 56 07 Desember 2017 December 07, 2017 1 Business Development: Cooperation with BNI E-Banking 2 Corporate Planning: 2018 Business Plan Division 57 58 12 Desember 2017 December 12, 2017 18 Desember 2017 December 18, 2017 1 DPLK Team: Update 2 IT : New Core Group Health & e-BAS Project 3 Persistency Team: Persistency System Situation 4 New Core System Team: Update 1 Investment: 1. Liquidation and Subscription of UL Underlying Mutual Fund 2. BPP Investment Strategy 2 Compliance: Enhancement of Consumer Information Protection 3 PCBC: Renewal Premium Achievement YTD November 2017 4 Financial Controller: Financial Updates November 2017 5 IT : Enhancement of Sortware Asset Management 6 UW & CS: Monthly Report November 2017 7 BoD Discussion Peserta Participant Absen Absent GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - GNM, IAK, HT, NK - Annual Report 2017 | PT BNI Life Insurance Corporate Governance 51 Tanggal 221
  222. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Keputusan Direksi Sepanjang tahun 2017 , Direksi BNI Life telah mengeluarkan berbagai keputusan terkait aspek sebagai berikut: No TATA KELOLA PERUSAHAAN 222 Tanggal Date Decision of Director During 2017, The Board of Directors shall BNI Life has issued a number decision related to aspects as follows: Nomor Surat Keputusan Perihal Decree Number Subject 1 17 Januari 2017 January 17, 2017 002.SK.BL.DIR.0117 Pembentukan Tim Pengkaji Profitabilitas Perseroan Formation of the Company’s Profitability Reviewing Team 2 25 Januari 2017 January 25, 2017 003.SK.BL.DIR.0117 Pembentukan Tim BNI Life Journey 2030 Formation of BNI Life Journey 2030 Team 3 08 Februari 2017 February 08, 2017 006.SK.BL.DIR.0217 Threshold dan Delegasi Wewenang Threshold and Delegation of Authority 4 20 Maret 2017 March 20, 2017 009.SK.BL.DIR.0317 SK Pembentukan Komite Fraud Decree on Formation of the Fraud Committee 5 11 April 2017 April 11, 2017 010.SK.BL.DIR.0417 Pembentukan Tim Penyusunan Konsep e-Bancassurance BNI Life Formation of Bni Life E-Bancassurance Concept Preparation Team 6 15 Mei 2017 May 15, 2017 011.SK.BL.DIR.0517 Pembentukan Tim Ad Hoc DPLK Formation of Ad Hoc DPLK Team 7 07 September 2017 September 07, 2017 015.SK.BL.DIR.0917 Pembentukan Tim AD Hoc DPLK Establishment of Ad Hoc Dplk Team 8 31 Oktober 2017 October 31, 2017 016.SK.BL.DIR.1017 Penetapan RKAP 2018-2020 Determination of RKAP 2018-2020 9 22 Desember 2017 December 22, 2017 018.SK.BL.DIR.1217 Pedoman Hierarki Peraturan Perseroan dan Kebijakan Perseroan Guidelines of Corporate Regulations and Policies Hierarchy Program Orientasi Direksi Board of Directors Orientation Program Program pengenalan perseroan kepada pejabat baru pada organ perseroan dimaksudkan untuk memberikan pemahaman pejabat baru pada organ perseroan terhadap kondisi-kondisi yang ada dalam Perseroan sehingga pejabat baru Perseroan mendapatkan pemahaman yang komprehensif atas Perseroan baik secara organisasi maupun operasional. The Company's introduction program to new officials on the Company's bodies is intended to provide an understanding for the new officials regarding conditions in the Company so that they can have a comprehensive understanding of the Company both organizationally and operationally. Program Orientasi/Pengenalan ini juga diharapkan agar para anggota Direksi dapat saling mengenal dan menjalin kerjasama yang efektif dan sebagai sarana memberikan pengenalan mengenai kondisi Perseroan secara umum. Through the Orientation/Induction Program, it is also expected that members of the Board of Directors will get to know each other better and collaborate effectively and as a means of introducing the general condition of the Company. Program pengenalan perseroan kepada pejabat baru, baik jajaran Direksi maupun Dewan Komisaris menjadi tanggung jawab Direktur Utama. Dalam hal Direktur Utama berhalangan atau pejabat baru tersebut adalah Direktur Utama, maka program pengenalan perseroan menjadi tanggung jawab Komisaris Utama. The Company's induction program to new officials, both Board of Directors and Board of Commissioners become the responsibility of the President Director. If the President Director is absent or the new official is the President Director, the Company's induction program becomes the responsibility of the President Commissioner. Materi yang diperkenalkan kepada Pejabat Baru setidak-tidaknya meliputi: 1. Pengenalan Operasi Perseroan. 2. Peraturan perundang-undangan yang terkait dengan kegiatan usaha Perseroan. 3. Aspek GCG di Perseroan. 4. Penjelasan mengenai tugas dan tanggung jawab Direksi. 5. Penjelasan umum mengenai Perseroan berkaitan dengan tujuan, sifat dan lingkup kegiatan Perseroan, kinerja keuangan, kinerja operasional, strategi, rencana jangka pendek dan jangka panjang Perseroan, dan masalah-masalah strategis lainnya. Materials introduced to the New Official include at least the following: Selama tahun 2017, Perseroan telah melaksanakan Program Orientasi/ Pengenalan kepada Bapak Naruyoshi Kuwata selaku anggota Direksi baru. During 2017, the Company has conducted Orientation/Induction to Naruyoshi Kuwata as the new Director. PT BNI Life Insurance | Laporan Tahunan 2017 1. Introduction of Company’s Operations. 2. Law and Regulations related to the Company's business activities. 3. GCG aspects in the Company. 4. Description of duties and responsibilities of the Board of Commissioners. 5. General description of the Company relating to the Company's objectives, nature and scope of activities, financial performance, strategies, short-term and long-term plans, and other strategic issues.
  223. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Board of Directors Development Untuk menunjang pelaksanaan tugasnya , Direksi Perseroan mengikuti Program Pelatihan dalam rangka peningkatan kompetensi Direksi yang dilaksanakan baik secara formal maupun secara informal dalam mencapai visi dan misi Perseroan. Di tahun 2017, para anggota Direksi telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: To support the execution of their duties, the Board of Directors participate in training programs to increase their competencies, conducted both formally and informally in the pursue to achieve the Company’s vision and mission. In 2017, members of Board of Directors have attended and participated in various trainings, workshops, conferences, and seminars, as follows: No 1 Nama Judul Pelatihan Name Geger N. Maulana - Plt. Direktur Utama Acting President Director Penyelenggara Name of Training Waktu & Tempat Organizer Date & Locatoon Innovation in ASEAN Insurance conference Marketforce 24 & 25 Januari 2017, JW Marriot Jakarta January 24 & 25, 2017, JW Marriot Jakarta The 4th International Conference on Global Insurance AAMAI 27 – 29 Juli 2017, Yogyakarta July 27 – 28, 2017, Yogyakarta 2 Naruyoshi Kuwata- Direktur Director Master Class Risk Governance For Senior Managers and Board Members CRMS Global 6-7 November 2017, Singapura November 6 – 7, 2017, Singapore 3 Intan Abdams Katoppo- Direktur Director - - - 4 Hirokazu Todaka- Direktur Director - - - DEWAN PENGAWAS SYARIAH SHARIA SUPERVISORY BOARD Dewan Pengawas Syariah adalah bagian dari Organ Perseroan yang menyelenggarakan kegiatan usaha berdasarkan prinsip Syariah yang melakukan fungsi pengawasan atas penyelenggaraan usaha asuransi dan usaha reasuransi agar sesuai dengan prinsip Syariah. The Sharia Supervisory Board is the Company body that conducts business based on Sharia principles, and exercises oversight that the insurance business and reinsurance business implementation conforms to Islamic principles. Sebagai Perseroan asuransi yang memiliki Unit Usaha Syariah, Perseroan membentuk Dewan Pengawas Syariah (DPS) yang bersifat independen. Keanggotaan Dewan Pengawas Syariah ditetapkan oleh Dewan Syariah Nasional (DSN), sebuah badan di bawah Majelis Ulama Indonesia (MUI). As an insurance company having Sharia business unit, the Company has established a Sharia Supervisory Board (DPS), which is independent. Membership of the Sharia Supervisory Board is set by the National Sharia Council (DSN), an agency under the Indonesian Ulema Council (MUI). Tugas, wewenang kewajiban dan lainnya dari DPS diatur dalam Board Manual Perseroan. Seluruh pedoman produk-produk Syariah dan operasional Unit Usaha Syariah harus disetujui oleh DPS untuk menjamin kesesuaiannya dengan prinsip-prinsip Syariah. The duties, authority and obligations of DPS are stipulated in the Company’s Board Manual. All guidance on products and operations based on Islamic Sharia and must be approved by the DPS to ensure compliance with the principles of Sharia. Pengangkatan dan Pemberhentian Dewan Pengawas Syariah Dewan Pengawas Syariah diangkat dan diberhentikan oleh RUPS atas rekomendasi MUI dan paling sedikit separuh dari jumlah anggota Dewan Pengawas Syariah wajib berdomisili di Indonesia dan dinyatakan secara jelas dalam akta notaris. Sharia Supervisory Board Appointment and Dismissal The Sharia Supervisory Board is appointed and dismissed by the GMS based on on the MUI recommendation and at least half of members of the Sharia Supervisory Board must be domiciled in Indonesia and must clearly stated in the notarial deed. Adapun kriteria pengangkatan DPS adalah sebagai berikut: 1. Anggota DPS dinyatakan lulus penilaian kemampuan dan kepatutan; 2. Anggota DPS mampu untuk bertindak dengan itikad baik, jujur dan profesional; 3. Anggota DPS mampu bertindak untuk kepentingan Perseroan dan pemegang polis, tertanggung, peserta dan/atau pihak yang berhak memperoleh manfaat; 4. Anggota DPS mendahulukan kepentingan Perseroan dan pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat daripada kepentingan pribadi; 5. Anggota DPS mampu mengambil keputusan berdasarkan penilaian independen dan objektif untuk kepentingan Perseroan dan The criteria for DPS appointment are as follows: 1. Members of DPS shall have passed the fit and proper; 2. Members of DPS shall act in good faith, honestly and professionally; Corporate Governance Pelatihan Direksi 3. Members of DPS shall act in the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits; 4. Members of DPS shall put the interests of the Company and the policyholders, the insured, the participants and/or the parties entitled to benefits before their own; 5. Members of DPS shall make decisions based on independent and objective judgment in the interests of the Company and the insured Annual Report 2017 | PT BNI Life Insurance 223
  224. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN pemegang polis tertanggung , peserta dan/atau pihak yang berhak memperoleh manfaat; 6. Anggota DPS mampu menghindarkan penyalahgunaan kewenangannya untuk mendapatkan keuntungan pribadi yang tidak semestinya atau menyebabkan kerugian bagi Perseroan. 7. Anggota DPS tidak merangkap sebagai anggota Direksi atau anggota Dewan Komisaris pada Perseroan yang sama; 8. Anggota DPS tidak merangkap jabatan sebagai anggota Direksi, anggota Dewan Komisaris atau anggota dewan pengawas Syariah pada lebih dari 1 (satu) Perseroan lain; 9. Anggota DPS tidak pernah menjadi anggota Direksi, anggota Dewan Komisaris, atau anggota Dewan Pengawas Syariah yang dinyatakan bersalah atau lalai; 10.Persyaratan lainnya mengenai DPS yang harus dipenuhi adalah sesuai dengan peraturan dan perundang–undangan yang berlaku di perasuransian. policyholders, the insured, the participants and/or the parties entitled to benefits; 6. Members of DPS shall prevent the undue abuse of authority for personal gain or cause loss to the Company. 7. Members of DPS shall not be members of Board of Directors or Board of Commissioners at the same company; Komposisi Dewan Pengawas Syariah Mengacu pada Anggaran Dasar Perseroan, Dewan Pengawas Syariah harus terdiri dari sekurang-kurangnya 2 (dua) orang anggota Dewan Pengawas Syariah. Sharia Supervisory Board Composition Referring to the Company’s Articles of Association company, the Sharia Supervisory Board shall consist of at least 2 (two) members. Komposisi Dewan Pengawas Syariah Perseroan sampai dengan 31 Desember 2017 adalah sebagai berikut: The Sharia Supervisory Board composition as at December 31, 2017 was as follows: Nama Jabatan Name K.H. Ma’ruf Amin Agus Haryadi Utang Ranuwijaya 224 Domisili Position Ketua Chairman Anggota Member Anggota Member PT BNI Life Insurance | Laporan Tahunan 2017 Domicile Jakarta Bogor Serang 8. Members of DPS shall not holding concurrent positions as member of Board of Directors, member of the Board of Commissioners or member of the Sharia supervisory board in more than 1 (one) other company; 9. Members of DPS shall never have been a member of a Board of Directors, Board of Commissioners, or Sharia Supervisory Board who has been found guilty or negligent; 10.Other requirements regarding DPS to be met are in accordance with the regulations and legislation in force in insurance. Dasar Pengangkatan Pertama First Basis of Appointment Keputusan Pemegang Saham Pengganti Rapat Umum Pemegang Saham Luar Biasa PT BNI Life Insurance tanggal 01 Agustus 2010 Shareholders’ Decision as Substitute of Extraordinary General Shareholders Meeting of PT BNI Life Insurance dated August 01, 2010 Keputusan Pemegang Saham Pengganti Rapat Umum Pemegang Saham Luar Biasa PT BNI Life Insurance tanggal 01 Agustus 2010 Shareholders’ Decision as Substitute of Extraordinary General Shareholders Meeting of PT BNI Life Insurance dated August 01, 2010 Keputusan Pemegang Saham Pengganti Rapat Umum Pemegang Saham Luar Biasa PT BNI Life Insurance tanggal 01 Agustus 2010 Shareholders’ Decision as Substitute of Extraordinary General Shareholders Meeting of PT BNI Life Insurance dated August 01, 2010 Tanggal Pengangkatan Kembali Date of Reappointment Akhir Masa Jabatan End of Tenure RUPS Tahunan No.76 tanggal 23 April 2013 Deed of Annual GMS No. 76 dated April 23, 2016 RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 Akta Keputusan RUPS Tahunan 2017 Annual GMS that will be held in 2018 No.29 tanggal 16 Maret 2015 Deed of Annual GMS No. 29 dated March 16, 2015 Akta Keputusan RUPS Tahunan No.76 tanggal 23 April 2013 Deed of Annual GMS No. 76 dated April 23, 2016 RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 Akta Keputusan RUPS Tahunan 2017 Annual GMS that will be No.29 tanggal 16 Maret 2015 held in 2018 Deed of Annual GMS No. 29 dated March 16, 2015 Akta Keputusan RUPS Tahunan No.76 tanggal 23 April 2013 Deed of Annual GMS No. 76 dated April 23, 2016 RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018 Akta Keputusan RUPS Tahunan 2017 Annual GMS that will be No.29 tanggal 16 Maret 2015 held in 2018 Deed of Annual GMS No. 29 dated March 16, 2015
  225. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Rapat Dewan Pengawas Syariah Dewan Pengawas Syariah menyelenggarakan rapat secara berkala paling sedikit 6 (enam) kali dalam 1 (satu) tahun. Hasil rapat DPS dituangkan dalam risalah rapat dan didokumentasikan dengan baik. Selama 2017, DPS telah mengadakan rapat sebanyak 6 (enam) kali dengan jumlah kehadiran sebagai berikut: Nama Jabatan Name Position Sharia Supervisory Board Duties and Responsibilities DPS Duties and responsibilities are as follows: 1. Ensure effective, precise and quick decision-making and act independently, not having interests that may interfere with their ability to perform their duties independently and critically; 2. Supervise and provide advice to the Board of Directors and supervise the activities of the Company so that the Sharia Unit activities are in accordance with Sharia principles, carried out on: a. The Company’s Sharia Unit activities in assets and liabilities management of either Tabarru funds, company funds or participant investment funds; b. Sharia Insurance Products marketed by the Company’s Sharia Units; c. Sharia Insurance product marketing practices that are conducted by the Company’s Sharia Units; 3. The Sharia Supervisory Board must hold at least 6 (six) meetings in 1 (one) year, and the Sharia Board Meeting results shall be minuted and properly documented. 4. Make reports on the number of meetings and attendance of each member of the Sharis Supervisory Board member in the good corporate governance implementation report. 5. Maintain a balance of interests of all parties, especially the interests of the policyholders, the insured, participants, and/or the parties entitled to benefits. 6. Submit complete and comprehensive report to OJK 7. Perform other oversight duties specified by the GMS Sharia Supervisory Board Meeting The Sharia Supervisory Board hold at least 6 (six) regular meetings in one (1) year and the DPS meeting results are minuted and well documented. During 2017, DPS held 6 (six) meetings with attendance as follows: Jumlah Rapat Kehadiran Persentase Kehadiran Attendance Number of Meetings Physically Fisik Teleconference Percentage of Attendance K.H. Ma’ruf Amin Ketua Chairman 6 6 - 100% Agus Haryadi Anggota Member 6 6 - 100% Utang Ranuwijaya Anggota Member 6 6 - 100% Ada pun agenda rapat dan kehadiran Dewan Pengawas Direksi dalam Rapat DPS adalah sebagai berikut: No Tanggal 18 Januari 2017 January 18, 2017 Peserta Rapat Meeting Agenda • • 1. Agenda and attendance of the Sharia Supervisory Board in the DPS Meeting are as follows: Agenda Rapat Date Corporate Governance Tugas dan Tanggung Jawab Dewan Pengawas Syariah Tugas dan tanggung jawab DPS adalah sebagai berikut: 1. Menjamin pengambilan keputusan efektif, tepat dan cepat serta dapat bertindak secara independen, tidak mempunyai kepentingan yang dapat mengganggu kemampuannya untuk melaksanakan tugasnya secara mandiri dan kritis; 2. Mengawasi dan memberikan nasehat kepada Direksi serta mengawasi kegiatan Perseroan agar kegiatan Unit Syariah di Perseroan sesuai dengan Prinsip Syariah dilakukan terhadap: a. Kegiatan Unit Syariah di Perseroan dalam pengelolaan kekayaan dan kewajiban baik dana Tabarru, dana Perseroan maupun dana investasi Peserta; b. Produk Asuransi Syariah yang dipasarkan oleh Unit Syariah di Perseroan; c. Praktek pemasaran produk Asuransi Syariah yang dilakukan oleh Unit Syariah di Perseroan; 3. Wajib menyelenggarakan Rapat Dewan Pengawas Syariah paling sedikit 6 (enam) kali dalam 1 (satu) tahun, hasil dari Rapat Dewan Syariah tersebut wajib dituangkan dalam risalah Rapat Dewan Pengawas Syariah dan didokumentasikan dengan baik. 4. Membuat laporan jumlah rapat dan jumlah kehadiran masingmasing anggota Dewan Pengawas Syariah dalam laporan penerapan tata kelola Perseroan yang baik. 5. Wajib menjaga keseimbangan kepentingan semua pihak, khususnya kepentingan Pemegang Polis, Tertanggung, Peserta, dan/atau pihak yang berhak mendapat manfaat. 6. Melaporkan secara lengkap dan komperehensif kepada OJK 7. Melakukan tugas-tugas pengawasan lainnya yang ditentukan oleh RUPS • • Ketentuan Pembayaran Klaim Ex-Gratia Usulan pemberian No Claim Discount untuk Produk Kesehatan Individu (Sakinah Optima Care) Ketentuan Surplus Underwriting untuk produk Sakinah Optima Care Update laporan keuangan unit Syariah • • • • Ex-Gratia Claims Terms of Payment Proposal of No Claim Discount for Individual Health Products (Sakinah Optima Care) Term of Underwriting Surplus for Sakinah Optima Care product Update of Sharia Units’ Financial Statements Meeting Participant MA, AH, UR Annual Report 2017 | PT BNI Life Insurance 225
  226. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation No Tanggal Agenda Rapat Date • TATA KELOLA PERUSAHAAN • • 22 Februari 2017 February 22, 2017 2. • • • • • • 17 Mei 2017 May 17, 2017 3. 23 Agustus 2017 August 23, 2017 4. 11 Oktober 2017 October 11, 2017 5. 20 Desember 2017 December 20, 2017 6. • • • Discussion of OJK LHPLS related to DPS, particularly on BPP for DPS and Underwriting Surplus Distribution Mechanism Recommendation of Sources of Funds for Dispensation Claim Payments Submission of Insurance Products Together with Sharia Bumida (BNI Life: ND; Bumida: PA plus PHK) Update of Sharia Units’ Financial Statements Pembahasan Tindak lanjut LHPLS OJK terkait dengan DPS (Opini DPS untuk pembagian surplus UW pada tahun 2014-2015) Pengajuan Produk PAB dengan Bumida Standarisasi Klaim Ex-Gratia dan Klaim Dispensasi • • Discussion of follow-up pf OJK LHPLS related to DPS (DPS Opinion for UW surplus distribution in 2014-2015) Submission of PAB Products with Bumida Standardization of Ex-Gratia Claims and Dispensation Claims • • • Pengajuan Produk BNI Life Syariah Berjangka Pembahasan LHPF Ex Gratia (BPP Ex Gratia) - Pembahasan LHPF Rekening Non Syariah • • • Submission of BNI Life Sharia Berjangka Product Discussion of LHPF Ex Gratia (BPP Ex Gratia) Discussion of Non-Sharia Account LHPF • • • Update Laporan Keuangan Syariah Review Buku Pedoman DPS Pembahasan terkait dengan Zakat Perseroan • • • Update of Sharia Financial Statements Review of DPS Handbook Discussion related to the Company’s Zakah • • • Update Persetujuan Produk Wadiah Gold Cendikia dan PAB dengan AAB Pembahasan kerjasama Asuransi Wakaf dengan Dompet Dhuafah Silaturahmi antara DPS dan Direksi BNI Life • • • Update of Approval of Wadiah Gold Cendikia Product and PAB with AAB Discussion of cooperation of Wakaf Insurance with Dompet Dhuafah Gathering between DPS and Board of Directors of BNI Life Tanggal MA, AH, UR Sharia Supervisory Board Opinion Perihal Decree Number 1 25 April 2017 April 25, 2017 011/BL/SYA/DPS/MEMO/0417 2 23 Agustus 2017 August 23, 2017 012.BL.SYA-MEMO.0817 3 23 Agustus 2017 August 23, 2017 013/BL/SYA/DPS/MEMO/0817 PT BNI Life Insurance | Laporan Tahunan 2017 MA, AH, UR MA, AH, UR Nomor Surat Keputusan Date MA, AH, UR MA, AH, UR Subject Rekomendasi Sumber Dana Pembayaran Klaim Dispensasi Recommendation on Source of Fund for Dispensation Claims Payment Permohonan Pendapat DPS terkait pembukaan rekening giro Application for DPS Opinion related to current accounts opening Prosedur Ex Gratia Ex Gratia Procedure Program Pengembangan Kompetensi Dewan Pengawas Syariah Untuk menunjang pelaksanaan tugasnya, Dewan Pengawas Syariah mengikuti Program Pelatihan dalam rangka meningkatkan kompetensi DPS yang dilaksanakan baik secara formal maupun secara informal. Pada tahun 2017, anggota DPS telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: 226 Meeting Participant Pembahasan LHPLS OJK terkait dengan DPS, khususnya tentang BPP untuk DPS dan Mekanisme Pembagian Surplus Underwriting Rekomendasi Sumber Dana Pembayaran Klaim Dispensasi Pengajuan Produk Asuransi Bersama dengan Bumida Syariah (BNI Life: ND; Bumida: PA plus PHK) Update laporan keuangan unit Syariah Opini Dewan Pengawas Syariah No Peserta Rapat Meeting Agenda Sharia Supervisory Board Competency Development Program To support the execution of their duties, the Sharia Supervisory Board participate in training programs to increase their competencies, conducted both formally and informally in the pursue to achieve the Company’s vision and mission. In 2017, members of DPS have attended and participated in various trainings, workshops, conferences, and seminars, as follows:
  227. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No 1 3 Judul Pelatihan Name KH . Ma’ruf Amin- Ketua Chairman Prof. Dr. H. Utang Ranuwijaya, MAAnggota Member Ir. Agus Haryadi, AAAIJ, FIIS,ASAIAnggota Member Penyelenggara Training Name Organizer Waktu & Tempat Date & Location Pembicara : Ijtima’ Sanawi DPS Tahun 2017 Speaker: 2017 DPS Ijtima’ Sanawi Majelis Ulama Indonesia dan OJK Indonesian Ulema Council and OJK Narasumber: Workshop Ekonomi Syariah Program Pascasarjana  IAIN SMH Banten Speaker: Workshop on Sharia Economics Graduate Program of IAIN SMH Banten Program Pascasarjana  IAIN SMH Banten 13 September 2017, Banten Postgraduate Program of IAIN SMH September 13, 2017, Banten Banten Narasumber: Workshop Pengembangan Bahan Ajar Fasilitas Ekonomi dan Bisnis Islam Speaker: Workshop on the Development of Learning Materials of Islamic Economy and Business Facilities Fakultas Ekonomi dan Bisnis Islam IAIN SMH Banten Islamic Economy and Business Faculty of IAIN SMH Banten 6-7 Juli 2017, Banten July 6-7, 2017, Banten Workshop Pra Ijtima’ Sanawi (Annual Meeting) Workshop on Pra Ijtima’ Sanawi (Annual Meeting) Majelis Ulama Indonesia dan OJK Indonesian Ulema Council and OJK 4 Oktober 2017, Jakarta October 4, 2017, Jakarta Workshop Asuransi Syariah DPS Workshop on DPS Sharia Insurance AASI 23 Maret 2017, Jakarta March 23, 2017, Jakarta Workshop Pra Ijtima’ Sanawi (Annual Meeting) Workshop on Pra Ijtima’ Sanawi (Annual Meeting) Majelis Ulama Indonesia dan OJK Indonesian Ulema Council and OJK 4 Oktober 2017, Jakarta October 4, 2017, Jakarta Majelis Ulama Indonesia dan OJK Indonesian Ulema Council and OJK Ijtima’ Sanawi DPS Tahun 2017 2017 Ijtima’ Sanawi DPS 2-3 November 2017, Jakarta November 2-3, 2017, Jakarta 2-3 November 2017, Jakarta November 2-3, 2017, Jakarta PENILAIAN KINERJA DEWAN KOMISARIS DAN DIREKSI BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS PERFORMANCE ASSESSMENT Penilaian kinerja tahunan anggota Dewan Komisaris dan Direksi dilaksanakan oleh Pemegang Saham Pengendali. The Annual performance appraisal for members of the Board of Commissioners and Board of Directors are conducted by the Controlling Shareholder. Skema prosedur pelaksanaan penilaian (assessment) atas kinerja Direksi dapat diilustrasikan sebagai berikut: The scheme of assessment procedures for the Board of Directors’ performance can be illustrated as follows: Hasil Self Assessment Direksi Results of Board of Directors Self-Assessment Penilaian/evaluasi oleh Dewan Komisaris Assessment/Evaluation by Board of Commissioners Corporate Governance 2 Nama Penilaian/evaluasi oleh Pemegang Saham Assessment/Evaluation by Shareholders Prosedur pelaksanaan penilaian (assessment) atas kinerja Dewan Komisaris dan Direksi adalah sebagai berikut; The procedures for conducting assessment of the Board of Commissioners and the Board of Directors’ performance are as follows; Penilaian Kinerja Dewan Komisaris Board of Commissioners Performance Appraisal Penilaian kinerja Dewan Komisaris dilaksanakan sekali setiap tahun dan dilaksanakan melalui mekanisme Rapat Umum Pemegang Saham Tahunan, dengan menggunakan indikator (performance appraisal indicator) yang secara garis besar adalah sebagai berikut: The Board of Commissioners performance appraisals are conducted once a year through the General Meeting of Shareholders mechanism, using performance appraisal indicators as follows: 1. Kontribusi dan dukungan Dewan Komisaris dalam mengimplementasikan visi dan misi Perseroan dalam program kerja di tahun berjalan, dengan tetap berpegang kepada nilai-nilai Perseroan. 2. Kegiatan pengawasan terhadap penerapan GCG sesuai dengan Anggaran Dasar, Board Manual dan peraturan perundang-undangan yang berlaku. 1. Board of Commissioners’ contribution and support in implementing the corporate vision and mission in the current year work program, within the corporate values. 2. Supervision activities for GCG implementation in accordance with the Articles of Association, Board Manual and legislation in force. Annual Report 2017 | PT BNI Life Insurance 227
  228. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN 228 Kriteria yang digunakan dalam pelaksanaan penilaian atas kinerja Dewan Komisaris seperti yang diusulkan oleh Komite Remunerasi dan Nominasi meliputi : 1. Aspek Finance dan Market 2. Aspek Fokus pada Customer/Nasabah 3. Aspek Efektivitas Produk dan Prosesnya 4. Aspek Fokus pada Employee 5. Aspek Kepemimpinan 6. Dan sebagainya. The criteria used in the assessment of Board of Commissioners’ performance as proposed by the Remuneration and Nomination Committee include: Hasil Penilaian Kinerja Dewan Komisaris Rapat Umum Pemegang Saham Tahunan yang diselenggarakan pada 16 Maret 2017 telah menerima Laporan Kinerja Pengawasan Dewan Komisaris terhadap operasional Perseroan dan memberikan pelunasan dan pembebasan sepenuhnya dari tanggung jawab (acquite et de charge) kepada Dewan Komisaris atas tindakan pengawasan yang telah dijalankan selama tahun buku 2016. Results of Board of Commissioners Performance Appraisal The Annual General Meeting of Shareholders held on March 16, 2017 has received the Board of Commissioners Supervisory Report on the Company's operations and granted the Board of Commissioners fully responsibility release and discharge (acquite et de charge) to the Board of Commissioners for supervisory actions carried out during the fiscal year 2016. Penilaian Kinerja Direksi Board of Directors Performance Appraisal Penilaian kinerja anggota Direksi dilakukan dengan cara melaksanakan self assessment dan dinilai oleh Dewan Komisaris. Secara garis besar hal-hal yang menjadi dasar penilaian terhadap anggota Direksi adalah sebagai berikut: 1. Bagaimana pelaksanaan Direksi dalam mengimplementasikan visi dan misi Perseroan dalam program kerja di tahun berjalan, dengan tetap berpegang kepada nilai-nilai Perseroan. 2. Pelaksanaan praktik GCG sesuai dengan Anggaran Dasar, Board Manual dan peraturan perundang-undangan yang berlaku. The Board of Directors performance appraisals are conducted through selfassessment and then assessed by the Board of Commissioners. In general, matters that become the basis in Board of Directors members assessment are as follows: 1. How the Board of Directors has implemented the corporate vision and mission in the current year work program in the, within the corporate values. 2. Corporate governance practices implementation is in accordance with the Articles of Association, Board Manual and legislation in force. Kriteria yang digunakan dalam pelaksanaan penilaian atas kinerja Direksi seperti yang diusulkan oleh Komite Remunerasi dan Nominasi meliputi: 1. Aspek Finance dan Market 2. Aspek Fokus pada Customer/Nasabah 3. Aspek Efektivitas Produk dan Prosesnya 4. Aspek Fokus pada Employee 5. Aspek Kepemimpinan 6. Dan sebagainya. The criteria used in the assessment of Board of Directors’ performance as proposed by the Remuneration and Nomination Committee include: Hasil Penilaian Kinerja Direksi Dewan Komisaris telah melakukan review terhadap kinerja Direksi sesuai dengan target yang telah ditetapkan. Penilaian kinerja tersebut juga telah disampikan pada Rapat Umum Pemegang Saham Tahunan yang diselenggarakan pada tanggal 16 Maret 2017 dan telah mendapat persetujuan Pemegang Saham. Results of Board of Directors Performance Appraisal The Board of Commissioners has reviewed the Board of Directors performance in accordance with the target set. The performance appraisal has also been presented at the Annual General Meeting of Shareholders held on March 16, 2017 and has been approved by the Shareholders. KEBIJAKAN REMUNERASI KOMISARIS DAN DIREKSI DEWAN BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS REMUNERATION POLICY Remunerasi bagi anggota Dewan Komisaris, Dewan Pengawas Syariah dan Direksi dilakukan dengan basis formula yang ditetapkan oleh RUPS serta telah melalui kajian oleh Dewan Komisaris melalui pendalaman yang dilakukan oleh pemegang saham dengan memperhatikan Pedoman Penetapan Penghasilan yang diatur: Remuneration for the Board of Commissioners, Sharia Supervisory Board and Board of Directors uses a formula set by the GMS and is then reviewed by the Board of Commissioners, and in depth by the shareholders, by taking into account the following Remuneration Determination Guidelines: a. Peraturan Menteri BUMN No. PER-04/MBU/2014 tentang Pedoman Penetapan Penghasilan Direksi Dewan Komisarid dan Dewan a. Regulation of the Minister of SOE Number PER-04/MBU/2014 concerning Guidelines for Remuneration Determination of the Board PT BNI Life Insurance | Laporan Tahunan 2017 1. 2. 3. 4. 5. 6. 1. 2. 3. 4. 5. 6. Finance and Market Aspect Customer Focus Aspect Effectiveness Product and its Process Aspect Employee Focus Aspect Leadership Aspect And so on. Finance and Market Aspect Customer Focus Aspect Effectiveness Product and its Process Aspect Employee Focus Aspect Leadership Aspect And so on.
  229. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Pengawas Badan Usaha Milik Negara ; c. Peraturan Menteri BUMN No. PER-01/MBU/2017 tentang Perubahan Peraturan Menteri BUMN Nomor PER-02/MBU/2016 tentang Pedoman Penetapan Penghasilan Direksi Dewan Komisaris dan Dewan Pengawas Badan Usaha Milik Negara. Prosedur Penetapan Remunerasi Anggota Dewan Komisaris dan Direksi Procedure of Remuneration Determination for Members of the Board of Commissioners and Board of Directors Keputusan penetapan remunerasi Dewan Komisaris, Dewan Pengawas Syariah dan Direksi ditetapkan melalui RUPS Tahunan Perseroan tanggal 16 Maret 2017 tentang Penetapan Tantiem, Gaji, dan Honorarium serta Tunjangan lainnya untuk anggota Direksi dan Dewan Komisaris Tahun 2017. Penetapan besaran remunerasi berdasarkan POJK No. 2/POJK.05/2014 yang telah dicabut dan telah digantikan dengan Peraturan Otoritas Jasa Keuangan Nomor 73/POJK.05/2016 yang mengatur bahwa Perseroan wajib menerapkan kebijakan remunerasi bagi anggota Direksi, anggota Dewan Komisaris dan pegawai yang mendorong perilaku berdasarkan prinsip kehati-hatian (prudent behaviour) yang sejalan dengan kepentingan jangka panjang Perseroan dan perlakuan adil terhadap pemegang polis, tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat. The remuneration Decision for the Board of Commissioners, Sharia Supervisory Board and Board of Directors was determined through the Company Annual GMS dated March 16, 2017 regarding the Stipulation for annual Tantiem, salaries and honoraria and other allowances for members of Board of Directors and Board of Commissioners for 2017. Determination of the remuneration is based on POJK 2/POJK.05/2014 that has been repealed and replaced by the Financial Services Authority Regulation No. 73/POJK.05/2016, which requires the Company to implement a remuneration policy for members of Board of Directors, members of the Board of Commissioners and employees that encourages behavior based on the precautionary principle, in line with long-term interests of the Company and fair treatment of policyholders, the insured, the participants, and/or the parties entitled to benefits. Kebijakan remunerasi bagi Dewan Komisaris dan Direksi harus memperhatikan hal-hal berikut: 1. kinerja keuangan dan pemenuhan kewajiban Perseroan sebagaimana diatur dalam peraturan perundangundangan yang berlaku; 2. prestasi kerja individual; 3. kewajaran dengan peer group; 4. pertimbangan sasaran dan strategi jangka panjang Perseroan. The remuneration policy for the Board of Commissioners and Board of Directors considers the following: 1. financial performance and fulfillment of Company obligations as set forth in applicable laws and regulations; Indikator Penetapan Komisaris dan Direksi Dewan Indicators of Remuneration Determination for Members of the Board of Commissioners and Board of Directors Dalam menetapkan indicator remunerasi Dewan komisaris dan Direksi Perseroan mengacu kepada (i) Peraturan Menteri BUMN No. PER-04/ MBU/2014 tentang Pedoman Penetapan Penghasilan Direksi, Dewan Komisaris, dan Dewan Pengawas BUMN; (ii) Peraturan Menteri BUMN No. PER-02/MBU/2016 tentang Perubahan Peraturan Menteri BUMN Nomor PER-04/MBU/2014 tentang Pedoman Penetapan Penghasilan Direksi, Dewan Komisaris, dan Dewan Pengawas Badan Usaha Milik Negara; (iii) Peraturan Menteri BUMN Nomor PER-01/MBU/2017 tentang Perubahan Peraturan Menteri BUMN Nomor PER-02/ MBU/2016 tentang Pedoman Penetapan Penghasilan Direksi, Dewan Komisaris, dan Dewan Pengawas Badan Usaha Milik Begara, sebagai berikut: In establishing the indicators of the Company’s Board of Commissioners and the Board of Directors remuneration refer to (i) Regulation of the Minister of State-Owned Enterprises No: PER-04/MBU/2014 concerning Guidelines to Determine Remuneration of the Board of Directors, Board of Commissioners and Supervisory Board of SOE; (ii) Regulation of the Minister of SOE No. PER-02/MBU/2016 concerning Amendment to Regulation of the Minister of SOE No. PER-04/MBU/2014 concerning Guidelines to Determine Remuneration of the Board of Directors, Board of Commissioners and Supervisory Board of SOE; (iii) Regulation of the Minister of SOE No. PER-01/MBU/2017 concerning Amendment to Regulation of the Minister of SOE No. PER-02 /MBU /2016 concerning Guidelines to Determine Remuneration of the Board of Directors, Board of Commissioners and Supervisory Board of SOE as follows: Remunerasi Corporate Governance b. Peraturan Menteri BUMN No. PER-02/MBU/2016 tentang Perubahan Peraturan Menteri BUMN Nomor PER-04/MBU/2014 tentang Pedoman Penetapan Penghasilan Direksi Dewan Komisaris dan Dewan Pengawas Badan Usaha Milik Negara; of Directors, Board of Commissioners and Supervisory Board of StateOwned Enterprises; b. Regulation of the Minister of SOE Number PER-02/MBU/2016 concerning Amendment of Regulation of the Minister of SOE Number PER-04/MBU/2014 concerning Guidelines for Remuneration Determination of the Board of Directors, Board of Commissioners and Supervisory Board of State-Owned Enterprises; c. Regulation of the Minister of SOE Number PER-01/MBU/2017 concerning Amendment to Regulation of the Minister of SOE Number PER-02/MBU/2016 concerning Guidelines for Remuneration Determination of the Board of Directors, Board of Commissioners and Supervisory Board of State-Owned Enterprises. 2. individual work performance; 3. reasonableness against peer groups; 4. consideration of the Company long term goals and strategies. Annual Report 2017 | PT BNI Life Insurance 229
  230. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN A . Penetapan Penghasilan yang bersifat tetap berupa Gaji/Honorium, Tunjangan dan Fasilitas dilakukan dengan mempertimbangkan: 1.Faktor Skala Usaha 2.Faktor Kompleksitas Usaha 3.Tingkat Inflasi 4.Kondisi dan kemampuan keuangan Perseroan 5.Faktor-faktor lain yang relevan serta tidak boleh bertentangan dengan peraturan Perundang-undangan A. Fixed Income Income in the form of Salary/Honorarium, Allowances and Facilities shall be determined by considering: 1. Business Scale Factor 2. Business Complexity Factors 3. Inflation rate 4. Conditions and financial capabilities of the Company 5. Other relevant factors and shall not be contrary to the laws and regulations B. Penetapan Penghasilan yang bersifat variable berupa Tantiem/ Insentif Kinerja dilakukan dengan mempertimbangkan: 1.Faktor Kinerja 2.Faktor Kemampuan Keuangan Perseroan 3.Fakotr-faktor lain yang relevan B. B. Variable Income Determination in the form of Tantiem/Performance Incentives is determined by considering: 1. Performance Factor 2. Company’s Financial Capability Factor 3. Other relevant factors Pada 2017, besarnya remunerasi yang diterima oleh Direksi mengacu pada Akta Rapat Umum Pemegang Saham Tahunan No. 156 Tanggal 16 Maret 2017 Struktur remunerasi untuk seluruh anggota Dewan Komisaris, Dewan Pengawas Syariah dan Direksi Perseroan adalah sebagai berikut: In 2017, the remuneration received by Board of Directors refers to the Deed of Annual General Meetings of Shareholders No. 156 dated March 16, 2017 on remuneration structure for all members of the Company’s Board of Commissioners, Sharia Supervisory Board and Board of Directors as follows: Jumlah diterima dalam 1 tahun Amount received in 1 year Jenis Remunerasi Type of Remuneration Direksi Orang DPS Board of Commissioners Jutaan Rp Person 230 Komisaris Board of Directors Million Rp Orang Sharia Supervisory Board Jutaan Rp Person Million Rp Orang Jutaan Rp Person Million Rp Remunerasi (Gaji, Bonus, Tunjangan Rutin, Kompensasi berbasis saham, Tantiem dan Fasilitas Lainnya dalam bentuk Non Natural) Remuneration (Salary, Bonus, Routine Benefits, Stockbased Compensation, Tantiem and Other Non-Natural Facilities) 6 13.375 5 5.214 3 712 Fasilitas lain dalam bentuk (perumahan, transportasi, asuransi kesehatan dan sebagainya Other facilities in kind (housing, transportation, health insurance, etc.) 6 6.723 5 1.805 3 204 Total 6 20.098 5 7.019 3 916 HUBUNGAN AFILIASI DEWAN KOMISARIS, DIREKSI, DEWAN PENGAWAS SYARIAH DAN PEMEGANG SAHAM BOARD OF DIRECTORS, BOARD OF COMMISSIONERS, SHARIA SUPERVISORY BOARD AND SHAREHOLDER AFFILIATE RELATIONSHIPS Seluruh anggota Dewan Komisaris, Direksi dan Dewan Pengawas Syariah tidak memiliki hubungan keluarga dan hubungan keuangan dengan anggota Dewan Komisaris, Direksi, DPS dan Pemegang Saham Pengendali. All members of the Board of Commissioners, Board of Directors and Sharia Supervisory Board have no family relationship and financial relationship with members of the Board of Commissioners, Board of Directors, Sharia Supervisory Board and Controlling Shareholders. Hubungan afiliasi Dewan Komisaris, Direksi, DPS dan Pemegang Saham Pengendali BNI Life dapat dilihat pada tabel berikut: Affiliate relationships of the Board of Commissioners, Board of Directors, Sharia Supervisory Board and Controlling Shareholders of BNI Life can be seen in the following table: PT BNI Life Insurance | Laporan Tahunan 2017
  231. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Hubungan Keuangan dan Keluarga Dewan Komisaris , Direksi dan DPS Board of Commissioners, Board of Directors, and Sharia Supervisory Board Financial and Family Relationship Hubungan Keuangan Dengan Hubungan Keluarga Dengan Financial Relationship With Name Dewan Komisaris Direksi Board of Directors Board of Commissioners Ya Yes Tdk No Ya Tdk Yes No Controlling Shareholders Ya Yes Tdk No Family Relationship with Dewan Komisaris DPS Sharia Supervisory Boad Ya Yes Tdk No Board of Commissioners Ya Yes Tdk No Direksi Board of Directors Ya Yes Tdk No Pemegang Saham Pengendali Controlling Shareholders Ya Yes Tdk No DPS Sharia Supervisory Boad Ya Yes Tdk No Dewan Komisaris Board of Commissioners Krisna Wijaya X X X X X X X X Darwin Suzandi X X X X X X X X Kazuhiko Arai X X X X X X X X Husain Abdullah X X X X X X X X Corporate Governance Nama Pemegang Saham Pengendali Direksi Board of Directors Geger N. Maulana X X X X X X X X Intan Abdams Katoppo X X X X X X X X Hirokazu Todaka X X X X X X X X Naruyoshi Kuwata X X X X X X X X Dewan Pengawas Syariah Sharia Supervisory Board K.H. Ma’ruf Amin X X X X X X X X Agus Haryadi X X X X X X X X Utang Ranuwijaya X X X X X X X X KEBERAGAMAN KOMPOSISI KOMISARIS, DIREKSI DAN PENGAWAS SYARIAH DEWAN DEWAN BOARD OF COMMISSIONERS, BOARD OF DIRECTORS, AND SHARIA SUPERVISORY BOAD COMPOSITION DIVERSITY Dewan Komisaris Board of Commissioners Nama Name Krisna Wijaya Jabatan Position Komisaris Utama/ Komisaris Independen President Commissioner/ Independent Commissioner Usia (tahun) Age (years) 62 Pendidikan Education Pengalaman Keahlian Experience Expertise •Komisaris Independen PT BRI Tbk. (Mei-September 2005) •Anggota Dewan Komisioner/Kepala Eksekutif (CEO) Lembaga Penjamin Simpanan (LPS) (2005-2007) •Komisaris PT Bank Danamon Tbk. (April 2008-Juli •Sarjana di bidang Sosial 2010). Ekonomi Pertanian, Institut •Komisaris Independen PT Bank Mandiri (Juli Pertanian Bogor, 1980 2010-Maret 2015). •Magister Manajemen Agribisnis, •Anggota Dewan Pengawas Syariah PT Jaya Proteksi Universitas Gadjah Mada, Takaful (2010-2017) Jogjakarta, 1990 •Lembaga Pengembangan Perbankan Indonesia (LPPI). •Doktor di bidang Studi Antar (2000-sekarang) Bidang, Universitas Gadjah •PT BNI Life Insurance, Komisaris Utama/Komisaris Mada, Jogjakarta, 2009 Independen (2015-sekarang) •Independent Commissioner of PT BRI Tbk. (May•Bachelor degree in Agricultural September 2005) Social Economics, Bogor •Board Commissioners Member/Chief Executive (CEO) Agricultural Institute, 1980 of Deposit Insurance Corporation (LPS) (2005-2007) •Master of Agribusiness •Commissioner of PT Bank Danamon Tbk. (April 2008Management, Gadjah Mada July 2010). University, Jogjakarta, 1990 •Independent Commissioner of PT Bank Mandiri (July •Doctorate in the field of Inter2010-March 2015). Sector Study), Gadjah Mada •Member of Sharia Supervisory Board of PT Jaya University, Jogjakarta, 2009 Proteksi Takaful (2010-2017) •Indonesian Banking Development Institute (LPPI). (2000-present) •PT BNI Life Insurance, President Commissioner/ Independent Commissioner (2015-present) Risk Management Finance   Annual Report 2017 | PT BNI Life Insurance 231
  232. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Dewan Komisaris Board of Commissioners Nama Name Jabatan Position Usia (tahun) Age (years) TATA KELOLA PERUSAHAAN Darwin Suzandi Kazuhiko Arai 232 Komisaris Commissioner Komisaris Commissioner PT BNI Life Insurance | Laporan Tahunan 2017 61 55 Pendidikan Education Pengalaman Experience •BNI, Kantor Wilayah 08 Denpasar (2000-2002) •BNI, Kantor Wilayah 04 Bandung (2002-2003) •BNI, Divisi Analisa Risiko Kredit (2003-2004) •BNI, Divisi Perencanaan Strategis (2004-2005) •BNI, Proyek BNI Performance Excellence (2005-2006) •BNI, Divisi Sumber Daya Manusia (2006-2008) •BNI, Divisi Jaringan dan Layanan (2008-2008) •BNI, Direktur Manajemen Risiko (2008-2008) •-BNI, Direktur Konsumer (2008-2010) •Bank Sumsel Babel, Human Capital Advisor (20122014) •Lembaga Pengembangan Perbankan Indonesia, •Sarjana di bidang Ekonomi Program Director (2010-sekarang) Perusahaan, Universitas Kristen •Dana Pensiun BNI, Wakil Ketua Dewan Pengawas/ Indonesia, 1981 •International Business & General Ketua Pengganti (2010-2017) •Universitas Pancasila, Wakil Rektor (2010-sekarang) Management, University of •Bank Permata, Audit Committee (2014-2017) Wisconsin USA, 1991 •Bachelor in Corporate Economics, Indonesian Christian University, 1981 •International Business & General Management, University of Wisconsin USA, 1991 •·Hukum, Universitas Keiko, 1985 (S1) •BNI, Regional Office 08 Denpasar (2000-2002) •BNI, Regional Office 04 Bandung (2002-2003) •BNI, Credit Risk Analysis Division (2003-2004) •BNI, Strategic Planning Division (2004-2005) •BNI, BNI Performance Excellence Project (2005-2006) •BNI, Human Resources Division (2006-2008) •BNI, Network and Services Division (2008-2008) •BNI, Risk Management Director (2008-2008) •BNI, Consumer Director (2008-2010) •Bank Sumsel Babel, Human Capital Advisor (20122014) •Indonesian Banking Development Institute, Program Director (2010-present) •Pension Fund of BNI, Vice Chairman of Supervisory Board/Acting Chairman (2010-2017) •Pancasila University, Vice-Rector (2010-present) •Bank Permata, Audit Committee (2014-2017) Keahlian Expertise Risk Management Finance •Sumitomo Life Insurance, Hakodate Branch Office. (1985) •Sumitomo Life Insurance, International Business Department. (1987-1992) •Sumitomo Life Asset Management Hong Kong Limited, Direktur (1992-1994) •Sumitomo Life Hong Kong Limited, Direktur (19941996) •Sumitomo Life Insurance Company, Personnel Department (1996-2000). •Sumitomo Life Insurance Company, Manager International Business Department (2000-2006). •Sumitomo Life Insurance Company, Assistant General Manager Yokohama Branch Office (2006-2007). Risk Management •Sumitomo Life Insurance Company, General Manager Marketing Shonan Branch Office (2007-2008). •Sumitomo Life Insurance Company, General Manager In Charge of International Business Department (2008-2011). •Sumitomo Life Insurance Company, Chief Representative Hanoi Representative Office (20112012). •Sumitomo Life Insurance Company, General Manager International Business Department (2012-2014). •PT BNI Life Insurance, Direktur (2014- Agustus 2017) •PT BNI Life Insurance, Dewan Komisaris (September 2017-sekarang)
  233. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Dewan Komisaris Board of Commissioners Nama Name Husain Abdullah Position Commissioner Komisaris Independen Independent Commissioner Usia (tahun) Age (years) 55 53 Pendidikan Education •Law, Keiko University, 1985 (Bachelor Degree) •Sarjana di bidang Hubungan Internasional, Universitas Hasanuddin, 1988 •·Master di Hubungan Internasional, Universitas Hasanuddin, 2009 •Bachelor in International Relations, Hasanuddin University, 1988 •Master in International Relations, Hasanuddin University, 2009 Pengalaman Keahlian Experience Expertise •Sumitomo Life Insurance, Hakodate Branch Office. (1985) •Sumitomo Life Insurance, International Business Department. (1987-1992) •Sumitomo Life Asset Management Hong Kong Limited, Director (1992-1994) •Sumitomo Life Hong Kong Limited, Director (19941996) •Sumitomo Life Insurance Company, Personnel Department (1996-2000). •Sumitomo Life Insurance Company, Manager of International Business Department (2000-2006). •Sumitomo Life Insurance Company, Assistant General Risk Management Manager of Yokohama Branch Office (2006-2007). Marketing •Sumitomo Life Insurance Company, General Manager Finance of Shonan Branch Office (2007-2008). •Sumitomo Life Insurance Company, General Manager In Charge of International Business Department (2008-2011). •Sumitomo Life Insurance Company, Chief Representative of Hanoi Representative Office (20112012). •Sumitomo Life Insurance Company, General Manager of International Business Department (2012-2014). •PT BNI Life Insurance, Director (2014-August 2017) •PT BNI Life Insurance, Board of Commissioners (September 2017-present) •RCTI, Perwakilan RCTI Makassar (1992-2008) •SUN TV Makassar, Direktur (2009-2010) •Celebes TV, Direktur (2010-2014) •Liga Primer Indonesia, Manager PSM Makassar (2010-2014) •Sekretariat Wakil Presiden RI, Juru Bicara Wakil Presiden (2014-sekarang) •-Pupuk Iskandar Muda, Komisaris (2016-sekarang) •PT BNI Life Insurance, Komisaris Independen (2017-sekarang) •RCTI, Representative of RCTI Makassar (1992-2008) •SUN TV Makassar, Director (2009-2010) •Celebes TV, Director (2010-2014) •Premier League Indonesia, Manager of PSM Makassar (2010-2014) •Secretariat of the Vice President of the Republic of Indonesia, Vice President Spokesperson (2014-present) •Pupuk Iskandar Muda, Commissioner (2016-present) •PT BNI Life Insurance, Independent Commissioner (2017-present) Corporate Governance Kazuhiko Arai Jabatan K Annual Report 2017 | PT BNI Life Insurance 233
  234. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Direksi Board of Directors Nama Name Jabatan Position Usia (tahun) Age (years) Pendidikan Pengalaman Education Work Experiences • TATA KELOLA PERUSAHAAN • • Geger N. Maulana Wakil Direktur Utama (PLT Direktur Utama) Vice President Director (Acting President Director) 56 Akuntansi, Universitas Gadjah Mada, 1985 (S1) Master of Finance, Universitas Padjajaran, 1998 (S2) Accounting, Gadjah Mada University, 1985 (Bachelor Degree) Master of Finance, Padjadjaran University, 1998 (Master Degree) • • • • • • Intan Abdams Katoppo Direktur Director Psikologi, Universitas Indonesia, 1990 (S1) Finance and Capital Market, Universitas Indonesia, 2004 (S2) 51 Psychology, University of Indonesia, 1990 (Bachelor Degree) Finance and Capital Market, University of Indonesia, 2004 (Master Degree) • • • • • • • • • • • Hirokazu Todaka Direktur Director Ekonomi, Universitas Kobe, 1985 (S1) 55 Economy, University of Kobe, 1985 (Bachelor Degree) • • • • • • • 234 PT BNI Life Insurance | Laporan Tahunan 2017 Keahlian Expertise BNI, Financial Analyst Financial Controller Division (1987-1991) BNI, Budgeting Manager, Financial Controller (1991-1998) BNI, Relation Manager, Middle Business Loan at Bandung Regional Area (1992-1998) BNI, Senior Manager Credit Relationship Manager, Corporate Division and Remedial Division (1998-2001) BNI, Assistant Vice President, Group Head Finance, Card Business Division (2001-April Risk Management 2005) Finance BNI, Vice President, Deputy General Manager, Financial Controller (Mei 2005-Mei 2009) | (May 2005-May 2009) BNI, Senior VP, General Manager , Head of Financial Controller (Mei 2009-April 2012) | (May 2009-April 2012) Yayasan Dana Pensiun BNI, Chief of Board Commissioner (2010-2012) PT BNI Life Insurance, Wakil Direktur Utama (2011-sekarang) | Vice President Director (2011-present) PT Unilever Indonesia Tbk, Brand Manager American Express, Marketing Manager PT Bimantara Citra Tbk, Deputy Corporate Secretary BNI, EVP Customer Management (2004-2011) PT Hotel Indonesia, President Director (20112015) PT BNI Life Insurance, Direktur (2016-sekarang) | Director (2016-present) Marketing Finance Sumitomo Life Insurance Company,Real Estate Department (1985) Sumitomo Life Insurance Company,Nagoya Branch office (1988-1990) Sumitomo Life Insurance Company,Real Estate Department (1985) Sumitomo Life Realty (New York) Inc., Executive Vice President, Treasurer & Secretary (19901996) Sumitomo Life Insurance Company, Special Staff Manager International Business Section (1996-1998) Sumitomo Life Insurance Company, Assistant general Manager, Personnel Section (1998-2003) Sumitomo Life Insurance Company, Manager Risk Management Human Resources Development Section Finance (2003-2006) Sumitomo Life Insurance Company, Manager Fukui Branch Office (2006-2008) Sumitomo Life Insurance Company, Manager Osaka-Kobe Area Agent Training & Recruiting Section (2008-2010) Sumitomo Life Insurance Company, Deputy General Manager Sales Personnel Training Section (2010-2013) Sumitomo Life Insurance Company, General Manager In Charge of Sales Training Institute & Compliance (2013-2014) PT BNI Life Insurance, Director (2014-sekarang) | Director (2014-present)
  235. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Direksi Board of Directors Nama Name Jabatan Position Usia (tahun) Age (years) Pendidikan Pengalaman Education Work Experiences • • • • Naruyoshi Kuwata Direktur Director Ekonomi, Universitas Hitotsubashi, 1987 (S1) 54 Economy, University of Hitotsubashi, 1987 (Bachelor Degree) • • • • • Expertise Sumitomo Life Insurance Company, Staff General Administration and Customer Service  (1987-1989) Sumitomo Life Research Institutions, Assistant Manager (1989-1993) Sumitomo Life Insurance Company, Assistant Manager, International Business Department  (1993-1994) MBA Program at International University of Japan, Assistant Manager   (1994-1996) Sumitomo Life Insurance Company, Assistant Manager, Information System Department  Risk Management (1996-1998) Marketing Sumitomo Life Insurance Company, Special Staff Manager, Equity Investment Department  Finance (1998-2003) Sumitomo Life Insurance Company, Assistant General Manager Research & Public Relations Department  (2003-2006) Sumitomo Life Insurance Company, Manager of Osaka Public Relation Center, Research & Public Relations Department  (2006-2008) Sumitomo Life Insurance Company, Deputy General Manager Financial Institutions Relations Department  (2008-2017) PT BNI Life Insurance, Director (2017-sekarang) | Director (2017-present) Annual Report 2017 | PT BNI Life Insurance Corporate Governance • Keahlian 235
  236. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Dewan Pengawas Syariah Sharia Supervisory Board Nama Name Jabatan Position Usia (tahun) Age (years) Pendidikan Pengalaman Education Work Experiences • TATA KELOLA PERUSAHAAN • • • • • • • • • • K.H. Ma’ruf Amin Ketua Dewan Pengawas Syariah Chairman of Sharia Supervisory Board 74 tahun 74 years old •Fakultas Ushuluddin Universitas Ibnu Chaldun Jakarta, tahun 2007 •Doktor Honoris Causa untuk Hukum Ekonomi Syariah dari Universitas Islam Negeri Syarif Hidayatullah, Jakarta pada tahun 2012 •Ushuluddin Faculty of Ibnu Chaldun University Jakarta, in 2007 •Doctor Honoris Causa for Sharia Economic Law from Syarif Hidayatullah State Islamic University, Jakarta in 2012 • • • • • • • • • • • • • • • • • • • • • • • Agus Haryadi Utang Ranuwijaya 236 Anggota Member Anggota Member PT BNI Life Insurance | Laporan Tahunan 2017 55 tahun 55 years old 59 tahun 59 years old Jurusan Matematika, Institut Teknologi Bandung, 1988 Department of Mathematics, Bandung Institute of Technology, 1988 •Sarjana jurusan Peradilan Agama, IAIN Sunan Gunung Djati, Bandung 1984 •Magister Agama bidang Studi Islam, IAIN Syarif Hidayatullah, Jakarta 1992 •Doktor bidang Studi Islam, IAIN Syarif Hidayatullah, Jakarta 1998 • •Bachelor degree in Religious Courts, IAIN Sunan Gunung Djati, Bandung 1984 •Master of Religion in Islamic Studies, IAIN Syarif Hidayatullah, Jakarta 1992 •Doctorate of Islamic Studies, IAIN Syarif Hidayatullah, Jakarta 1998 Anggota Koordinasi Dakwah Indonesia (KODI) DKI Jakarta Anggota BAZIS DKI Jakarta Dosen STAI Sholahuddin Al Ayubi Jakarta Ketua Fraksi PPP DPRD DKI Jakarta Pimpinan Komisi A DPRD DKI Jakarta Ketua Dewan Syuro Partai Kebangkitan Bangsa (pertama) Anggota MPR RI dari Partai Kebangkitan Bangsa (PKB) Ketua Komisi VI DPR RI dari Partai Kebangkitan Bangsa (PKB) Ketua Komisi Fatwa MUI Pusat Pengurus Besar Nahdlatul Ulama (PBNU) Penasehat Lembaga Bahtsul Masail Pengurus Besar Nahdlatul Ulama (LBM-PBNU) Dosen STAI Shalahuddin Al-Ayyubi Jakarta Anggota Dewan Pertimbangan Presiden Bidang Kehidupan Beragama (2007-2009) Anggota Dewan Pertimbangan Presiden Bidang Hubungan Antar Agama (2010 – 2014) Wakil Ketua Umum MUI 2014 Rais Aam (Ketua Umum) Syuriah PBNU (2015-2020) Ketua Umum Dewan Pimpinan MUI (2015-2020) Dewan Pengarah Unit Kerja Presiden PIP Member of Coordination of Da’wah Indonesia (KODI) DKI Jakarta Member of BAZIS DKI Jakarta Lecturer of STAI Sholahuddin Al Ayubi Jakarta Chairman of Commission A of DPRD DKI Jakarta Chairman of the Syuro Council of Kebangkitan Bangsa Party (first) Member of the People’s Consultative Assembly from Kebangkitan Bangsa Party (PKB) Chairman of the House of Representatives Commission VI of the Kebangkitan Bangsa Party (PKB) Chairman of the Central MUI Fatwa Committee The Executive Board of Nahdlatul Ulama (PBNU) Advisor to the Board of Bahtsul Masail Institution of Nahdatul Ulama (LBM-PBNU) Lecturer STAI Saladin Al-Ayyubi Jakarta Member of the Presidential Advisory Council on Religious Life (2007-2009) Member of the Presidential Advisory Council on Interreligious Affairs (2010 - 2014) Rais Aam (Chairman) of Syuriah PBNU (2015-2020) Chairman of MUI’s Board of Directors (2015-2020) Steering Committee of Work Unit of PIP President Kepala Divisi Aktuaria dan IT Asuransi Jiwa Adisarana Wanaartha (s.d th1993) Direktur Utama Asuransi Takaful Keluarga (s.d th 2005) Anggota DPS Capitalinc (s.d okt 2016) Member of DPS Capitalinc (until Oct 2016) President Director of Asuransi Takaful Keluarga (until 2005) Keahlian Expertise Keuangan Syariah Sharia Finance Keuangan Syariah Sharia Finance Guru Besar UIN SMH Banten Professor of UIN SMH Banten Anggota DPS BNI Life unit Syariah Member of DPS BNI Life unit sharia Ketua Komisi Pengkajian dan Penelitian MUI Chairman of the MUI Research and Study Commission Keuangan Syariah Sharia Finance
  237. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation COMMITTEES UNDER THE BOARD OF COMMISSIONERS Dalam pelaksanaan tugas dan tanggung jawab pengawasan , pemberian saran serta rekomendasi, Dewan Komisaris dibantu oleh dua komite, yaitu: 1. Komite Audit 2. Komite Nominasi dan Remunerasi 3. Komite Pemantau Risiko In performing the duties and responsibilities of supervision, giving advice and recommendation, the Board of Commissioners is assisted by three committees, namely: 1. Audit Committee 2. Nomination and Remuneration Committee 3. Risk Monitoring Committee Keberadaan komite-komite di bawah Dewan Komisaris tersebut telah sesuai dengan ketentuan-ketentuan yang berlaku serta bertujuan untuk menyempurnakan implementasi prinsip-prinsip GCG dalam kegiatan Perseroan. The existence of committees under the Board of Commissioners is in conformity with prevailing provisions, aiming to improve the implementation of GCG principles in the Company's activities. KOMITE AUDIT AUDIT COMMITTEE Komite Audit Perseroan dibentuk oleh Dewan Komisaris untuk memperkuat pelaksanaan Good Corporate Governance (GCG), dan melakukan pengawasan atas pelaksanaan fungsi Direksi agar dapat memastikan Perseroan dikelola dengan manajemen yang sehat secara konsisten sesuai prinsip GCG, dan nilai-nilai serta etika Perseroan. The Company's Audit Committee is established by the Board of Commissioners to strengthen the implementation of Good Corporate Governance (GCG), and oversee the implementation of the Board of Directors' functions in order to ensure the Company is managed with sound management consistently in accordance with GCG principles, and the Company's values ​​and ethics. Kedudukan Komite Audit dalam struktur Organisasi Perseroan, berada di bawah Komisaris Independen dalam Dewan Komisaris. The position of Audit Committee within the Company's Organization Structure is under Independent Commissioner in the Board of Commissioners. Seluruh anggota Komite Audit diangkat dan diberhentikan oleh Dewan Komisaris berdasarkan Surat Keputusan Dewan Komisaris Nomor 001. SK.BL.KOM.0415 tanggal 27 April 2015 perihal Komite Audit PT BNI Life Insurance. Keanggotaan Komite Audit Perseroan paling sedikit terdiri dari seorang Komisaris Independen yang nantinya berkedudukan sebagai Ketua, dan 2 (dua) orang anggota yang memiliki keahlian di bidang audit keuangan dan hukum. All members of Audit Committee are appointed and dismissed by Board of Commissioners based on Decree of Board of Commissioners Number 001.SK.BL.KOM.0415 dated April 27, 2015 concerning the Audit Committee of PT BNI Life Insurance. Membership of the Company’s Audit Committee shall consist of at least one Independent Commissioner who shall be chairman, and 2 (two) members who have expertise in the field of financial and legal audits. Piagam Komite Audit Dalam melakukan pekerjaannya, Dewan Komisaris membuat pedoman kerja bagi Komite Audit dalam bentuk Piagam Komite Audit, yang ditandatangani oleh seluruh jajaran Direksi dan Dewan Komisaris pada tanggal 15 September 2015. Audit Committee Charter In performing its duties, the Board of Commissioners prepares work guidelines for the Audit Committee in the form of Audit Committee Charter, signed by all members of Board of Directors and Board of Commissioners on September 15, 2015. Piagam Komite Audit yang dibuat Perseroan berlaku sejak disepakati dan ditanda-tangani oleh Dewan Komisaris dan Direksi, dengan No. 004.SK.BL.KOM.0915. Piagam ini bertujuan untuk menetapkan misi dan cakupan tugas Komite Audit, posisi Komite Audit dalam Perseroan, serta kewenangan dan tanggung jawabnya. The Audit Committee Charter prepared by the Company is valid since it was agreed and signed by Board of Commissioners and Board of Directors, with no. 004.SK.BL.KOM.0915. The Charter aims to establish the mission and scope of work of Audit Committee, the position of Audit Committee within the Company, and its authority and responsibilities. Komposisi Komite Audit Susunan anggota Komite Audit per 31 Desember 2017 adalah sebagai berikut: Audit Committee Composition Composition of Audit Committee as of December 31, 2017 are as follows Nama Jabatan Name Wiriadi Saputra *) Position Ketua Chairman Dasar Penetapan Keahlian Basis of Appointment Surat Keputusan Dewan Komisaris No. 001.SK.BL.KOM.0415 tanggal 27 April 2015 Decree of Board of Commissioners No. 001.SK.BL.KOM.0415 dated April, 27 2015 Expertise Keuangan Finance Corporate Governance KOMITE DI BAWAH DEWAN KOMISARIS Akhir Masa Jabatan End of Tenure Mengikuti masa jabatan sebagai Komisaris Independen (RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018) Following the tenure as Independent Commissioner (2017 Annual GMS that will be held in 2018) Annual Report 2017 | PT BNI Life Insurance 237
  238. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Darwin Suzandi TATA KELOLA PERUSAHAAN Ludovicus Sensi W Position Dasar Penetapan Keahlian Basis of Appointment Anggota Member Surat Keputusan Dewan Komisaris No . 001.SK.BL.KOM.0415 tanggal 27 April 2015 Decree of Board of Commissioners No. 001.SK.BL.KOM.0415 dated April, 27 2015 Anggota Member Surat Keputusan Dewan Komisaris No. 001.SK.BL.KOM.0415 tanggal 27 April 2015 Decree of Board of Commissioners No. 001.SK.BL.KOM.0415 dated April, 27 2015 *) Mengundurkan diri efektif per 30 November 2017 Akhir Masa Jabatan Expertise End of Tenure Keuangan Finance Mengikuti masa jabatan sebagai Komisaris (RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018) Following the tenure as Commissioner (2017 Annual GMS that will be held in 2018) Keuangan Finance Mengikuti masa jabatan sebagai Komisaris (RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018) Following the tenure as Commissioner (2017 Annual GMS that will be held in 2018) *) Resigned effective per November 30, 2017 Profil Anggota Komite Audit Nama/Name Darwin Suzandi Jabatan/Position Komisaris/Anggota Komite Audit /Comissioner/Audit Committee Member Kewarganegaraan/Nationality Indonesia darwin/Age 61 Tahun/61 years old Domisili/Domicile Jakarta Selatan Pendidikan/Education University of Winconsin, USA/University of Winconsin, USA Riwayat Pekerjaan/Employment History • • • • • • Komisaris PT BNI Life Insurance, 2015 - Sekarang Wakil Rektor Universitas Pancasila, 2010 – Sekarang Program Director Lembaga Pengembangan Perbankan Indonesia, 2010 - sekarang Commissioner of PT BNI Life Insurance, 2015 - present Vice Rector of Pancasila University, 2010 – present Program Director of Indonesian Banking Development Institute, 2010 - present Rangkap Jabatan/Concurrent Position • • • • Komite Audit Bank Permata, pada tahun 2014 – Oktober 2017 Wakil Ketua Dewan Pengawas/Ketua Pengganti Dana Pensiun BNI, pada tahun 2010 – 2017 Audit Committee of Bank Permata, 2014 – October 2017 Vice Chairman of Supervisory Board/Chairman of BNI Pension Fund Replacement, 2010 – 2017 Pelatihan di tahun 2017/Training in 2017 • • • • 7th CEO Insurance Summit, February 2017 28th Pacific Insurance Committee Workshop, November 2017 7th CEO Insurance Summit, February 2017 28th Pacific Insurance Committee Workshop, November 2017 SK Pengangkatan/Appointment Letter Rapat Dewan Komisaris 29 Oktober 2015 /Board of Commissioners Meeting October 29, 2015 Hubungan Afiliasi/Affiliate Relationship - Nama/Name Ludovicus Sensi Wondabio Jabatan/Position Anggota Komite Audit /Audit Committee Member Kewarganegaraan/Nationality Indonesia Usia/Age 53 Tahun/53 years old Domisili/Domicile Jakarta Selatan Pendidikan/Education Doktor Ilmu Akuntansi, Universitas Indonesia – 2010 /Doctor of Accounting, University of Indonesia – 2010 • • • Riwayat Pekerjaan/Employment History • • • 238 Anggota Komite Audit PT BNI Life Insurance, 2015 - Sekarang Senior Audit Partner pada kantor Akuntan Publik Mulyamin Sensi Suryanto dan Liany member of Moore Stephens International , 2006 – Sekarang Dosen Inti Pengajaran pada Fakultas Ekonomi Universitas Indonesia, Program S-1 Program Pendidikan Profesi Akuntasi (PPAk) dan Program Magister Akuntasi UI, 2010 – sekarang Audit Committee Member of PT BNI Life Insurance, 2015 – present Senior Audit Partner at Public Accountant Firm Mulyamin Sensi Suryanto and Liany member of Moore Stephens International, 2006 - present Lecturer of Core Teaching at the Faculty of Economics, University of Indonesia, Accounting Professional Education Graduate Program (PPAk) and Accounting Postgraduate Program of UI, 2010 - present Rangkap Jabatan/Concurrent Position Senior Audit Partner KAP Mulyamin Sensi Suryanto & Liany (MSSL), sejak tahun 2006 – sekarang Senior Audit Partner of KAP Mulyamin Sensi Suryanto & Liany (MSSL), 2006 – present Pelatihan di tahun 2017/Training in 2017 28th Pacific Insurance Committee Workshop, November 2017 /28th Pacific Insurance Committee Workshop, November 2017 SK Pengangkatan/Appointment Letter Rapat Dewan Komisaris 16 Maret 2015/Board of Commissioners Meeting on March 16, 2015 Hubungan Afiliasi/Affiliate Relationship - PT BNI Life Insurance | Laporan Tahunan 2017
  239. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Audit Committee Member Requirements Audit Committee members have met following requirements : Masa tugas anggota Komite Audit tidak boleh lebih lama dari masa jabatan Dewan Komisaris sebagaimana diatur dalam Anggaran Dasar dan dapat dipilih kembali hanya untuk 1 (satu) periode berikutnya. Apabila anggota Komisaris yang menjadi Ketua Komite Audit berhenti sebelum masa tugasnya sebagai Komisaris Perseroan, maka Ketua Komite Audit digantikan oleh Komisaris Independen lainnya. The tenure of Audit Committee member should not be longer than the tenure of the Board of Commissioners as set out in the Articles of Association and may be reelected for only one (1) term. If the Audit Committee Chairman resigns before the end of his/her term as Commissioner of the Company, the Audit Committee Chairman shall be replaced by another Independent Commissioner. Independensi Komite Audit: 1. Tidak mempunyai hubungan afiliasi dengan Perseroan, Direksi, Komisaris, atau Pemegang Saham Utama Perseroan. 2. Tidak memiliki hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan kegiatan usaha Perseroan. 3. Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam 1 (satu) tahun terakhir sebelum diangkat oleh Dewan Komisaris, kecuali untuk Komisaris Independen. Audit Committee Independency: 1. Do not have affiliate relationship with the Company, Board of Directors, Board of Commissioners, or the Company’s majority shareholders. 2. Do not have business relationship, directly or indirectly related to the Company’s business. 3. Not working of have the authority and responsibility for planning, directing, controlling, or supervising the Company’s activities within the last six (6) months before appointed by the Board of Commissioners, unless an Independent Commissioner 1. Must have high integrity and good moral character, with ability, knowledge, experience in accordance with their work field, and able to communicate well; 2. Not working of have the authority and responsibility for planning, directing, controlling, or supervising the Company’s activities within the last six (6) months unless an Independent Commissioner; 3. Not working in the Public Accounting Firm, Law Firm, the Office of Public Appraisal Service or others who provide assurance services, nonassurance services, appraisal services and/or other consulting services to the Company within the last 6 (six) months; 4. Must understand financial statements, the Company’s business particularly related to services or operations, the audit process, risk management, and laws and regulations in the capital market as well as other relevant laws and regulations; Corporate Governance Persyaratan Anggota Komite Audit Anggota Komite Audit telah memenuhi persyaratan sebagai Komite Audit, yaitu: 1. Wajib memiliki integritas yang tinggi, akhlak dan moral yang baik, kemampuan, pengetahuan, pengalaman sesuai dengan bidang pekerjaannya, serta mampu berkomunikasi dengan baik; 2. Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu 6 (enam) bulan terakhir kecuali Komisaris Independen; 3. Bukan merupakan orang dalam Kantor Akuntan Publik, Kantor Konsultan Hukum, Kantor Jasa Penilai Publik atau pihak lain yang memberi jasa assurance, jasa non assurance, jasa penilai dan/atau jasa konsultasi lain kepada Perseroan dalam waktu 6 (enam) bulan terakhir; 4. Wajib memahami laporan keuangan, bisnis Perseroan khususnya yang terkait dengan layanan jasa atau kegiatan usaha Perseroan, proses audit, manajemen risiko, dan peraturan perundangundangan di bidang Pasar Modal serta peraturan perundangundangan terkait lainnya; 5. Wajib mematuhi kode etik Komite Audit yang ditetapkan oleh Perseroan; 6. Bersedia meningkatkan kompetensi secara terus menerus melalui pendidikan dan pelatihan; 7. Wajib memiliki paling kurang 1 (satu) anggota yang berlatar belakang pendidikan dan keahlian di bidang akuntansi dan/atau keuangan; 8. Tidak mempunyai saham langsung maupun tidak langsung pada Perseroan; 9. Dalam hal anggota Komite Audit memperoleh saham Perseroan baik langsung maupun tidak langsung akibat suatu peristiwa hukum, maka saham tersebut wajib dialihkan kepada pihak lain dalam jangka waktu paling lama 6 (enam) bulan setelah diperolehnya saham tersebut; 10.Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota Direksi, atau Pemegang Saham Utama Perseroan; dan 11.Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan kegiatan usaha Perseroan. 5. Is subject to the code of conduct established for the Company’s Audit Committee; 6. Willing to increase their competencies continuously through education and training; 7. Must have at least 1 (one) member with educational background and expertise in accounting and/or finance; 8. Do not own shares of the Company either directly or indirectly; 9. In the case of members of Audit Committee acquiring the Company’s shares either directly or indirectly as a result of a legal event, then such shares must be transferred to another party within a maximum period of 6 (six) months after obtaining such shares; 10.Not having affiliate relationship with members of Board of Commissioners, members of Board of Directors, or the majority shareholders of the Company; and 11.Not having business relationship, directly or indirectly related to the Company’s business. Annual Report 2017 | PT BNI Life Insurance 239
  240. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN 4 . Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan atau afiliasinya. 5. Bukan merupakan orang dalam Kantor Akuntan Publik, Kantor Konsultan Hukum dan pihak lainnya yang memberikan jasa audit dan atau non-audit atau jasa konsultasi lainnya kepada Perseroan dalam 1 (satu) tahun terakhir sebelum diangkat oleh Dewan Komisaris. 4. Do not own shares of the Company or its affiliatians either directly or indirectly 5. Not working in the Public Accounting Firm, Law Firm, or others who provide audit services and/or non-audit or other services to the Company within the last 6 (six) months before appointed by the Board of Commissioners. Tugas dan Tanggung Jawab Komite Audit 1. Memastikan pengendalian audit internal yang dilaksanakan dengan baik; 2. Memastikan pelaksanaan audit internal maupun audit independen dilaksanakan sesuai dengan standar auditing yang berlaku; 3. Memastikan pelaksanaan tindak lanjut oleh Direksi atas hasil temuan satuan kerja audit internal, akuntan publik dan pengawasan OJK; 4. Memberikan rekomendasi penunjukan calon auditor independen/ eksternal; 5. Memastikan kesesuaian laporan keuangan dengan standar akuntansi yang berlaku. Audit Committee Duties and Responsibilities 1. Ensure that internal audit controls are implemented properly; Frekuensi Pertemuan dan Tingkat Kehadiran Komite Audit Sepanjang tahun 2017, Komite Audit menyelenggarakan rapat sebanyak 9 kali kali dengan tingkat kehadiran masing-masing anggota sebagai berikut: Audit Committee Meetings Frequency and Attendance Throughout 2017, the Audit Committee held 9 meetings, with the level of attendance of each member as follows: Nama Jabatan Name Position 4. Provide recommendation for the appointment of independent/external auditor candidates; 5. Ensure financial statements comply with applicable accounting standards. Jumlah Rapat Jumlah Kehadiran Total Attendance Percentage of Attendance Number of Meetings Persentase Kehadiran Wiriadi Saputra*) Ketua Chairman 9 9 100% Ludovicus Sensi W. Anggota Member 9 9 100% Darwin S. Anggota Member 9 9 100% *) Mengundurkan diri efektif per tanggal 30 November 2017 *) Resigned effective per November 30, 2017 Ada pun agenda rapat Komite Audit adalah sebagai berikut : No 1 2 240 2. Ensure the internal and independent audits are conducted in accordance with applicable auditing standards; 3. Ensure follow-up by the Board of Directors on findings of internal audit, public accountant audit and OJK supervision; Tanggal Audit Committee Meeting Agenda were as follows: Agenda Rapat Date Meeting Agenda Peserta Rapat Meeting Participant 6 Januari 2017/January 6, 2017 Rencana Kerja Audit 2017 /Audit Work Plan for 2017 KDD, AN, DS, LSW, WS 8 Februari 2017/February 8, 2017 1. Update eksternal audit 2. Update Internal Audit External Audit Update Internal Audit Update MAI, WS, DS, LSW, KDD, AN 3 8 Maret 2017/March 8, 2017 Internal Audit Update /Internal Audit Update LSW, DS, WS, KDD, IG, AN 4 7 April 2017/April 7, 2017 Internal Audit Update /Internal Audit Update WS, MAI, DS, LSW, DRS, KDD, IG, AN, NS 5 13 Juli 2017/July 13, 2017 1. Update Keuangan & RBC BNIL 2. Update Internal Audit 1. Finance & RBC BNIL Update 2. Internal Audit Update GNM, DRS. DS, WS, LSW, AN, YN, AJR 6 1 Agustus 2017/August 1, 2017 1. Update Unit Klaim dan dukungan IT 2. Update Internal Audit 1. Claims Unit and IT Support Update 2. Internal Audit Update HA, WS, SD, LSW,DRS, DS,RY , AN, AJR 7 15 September 2017/September 15, 2017 Update Internal Audit/Internal Audit Update DS, WS, DRS, LSW, AN, IG, AJR 8 9 Oktober 2017/October 9, 2017 Open Discussion AN, DRS, DS, WS, LSW 9 2 November 2017/November 2, 2017 Update Internal Audit /Internal Audit Update DS, WS, DRS, LSW, AN, IG, AJR PT BNI Life Insurance | Laporan Tahunan 2017
  241. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Audit Committee Report on 2017 Work Program Implementation The Audit Committee is obliged to submit report on its activities to the Board of Commissioners on a periodical basis at least 1 (one) time in 3 (three) months. During 2017, the Audit Committee undertook the following activities: Rekomendasi Komite Audit Sebagai bagian dari tugas dan tanggung jawabnya, Komite Audit memberikan rekomendasi kepada Dewan Komisaris terkait bidang yang menjadi tanggung jawab pengawasan Komite Audit. Audit Committee Recommendation As part of its duties and responsibilities, the Audit Committee provides recommendations to the Board of Commissioners regarding the areas under which the Audit Committee is responsible for oversight. Sepanjang tahun 2017, rekomendasi yang diberikan Komite Audit adalah sebagai berikut: Throughout 2017, the recommendations from Audit Committee are as follows: Nomor Surat 1. Regular meetings once a month with the Board of Commissioners 2. Regular meetings 1 - 2 times a month with related divisions Tanggal Letter Number Perihal Date Subject Rekomendasi Komite Audit Kepada Dewan Komisaris PT BNI Life Insurance terkait pemilihan Auditor External dan Konsultan Aktuaria Independen Tahun Buku 2017. Audit Committee Recommendation To Board of Commissioners of PT BNI Life Insurance related to the selection of External Auditor and Independent Actuarial Consultant of Fiscal Year 2017 7 Maret 2017 March 7, 2017 008.BL.KA.0317 Pengembangan Kompetensi Komite Audit Untuk menunjang pelaksanaan tugasnya, anggota Komite Audit mengikuti Program Pelatihan dalam rangka meningkatkan kompetensi anggota Komite Audit yang dilaksanakan baik secara formal maupun secara informal. Audit Committee Competency Development To support the execution of their duties, members of Audit Committe participate in training programs to increase their competencies, conducted both formally and informally. Pada tahun 2017, anggota Komite Audit telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: In 2017, members of Audit Committee have attended and participated in various trainings, workshops, conferences, and seminars, as follows: Nama No Judul Pelatihan Name Corporate Governance Laporan Pelaksanaan Program Kerja Komite Audit Tahun 2017 Komite Audit wajib menyampaikan laporan atas aktivitasnya kepada Dewan Komisaris secara berkala sekurang-kurangnya 1 (satu) kali dalam 3 (tiga) bulan. Selama 2017, Komite Audit melakukan kegiatan-kegiatan sebagai berikut: 1. Meeting regular sebulan sekali dengan Dewan Komisaris 2. Meeting regular 1 – 2 kali sebulan dengan divisi terkait Penyelenggara Training Name Waktu & Tempat Organizer Date & Location 1 Wiriadi Saputra - - - 2 Ludovicus Sensi W Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 | November 19-22, 2017 3 Darwin Suzandi Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 | November 19-22, 2017 KOMITE NOMINASI DAN REMUNERASI NOMINATION COMMITTEE AND REMUNERATION Komite Nominasi dan Remunerasi dibentuk oleh Dewan Komisaris BNI Life pada tanggal 20 April 2017 dengan Surat Keputusan No. 009.SK.BL. KOM.0417 sebagai bentuk pelaksanaan GCG yang baik di lingkungan Perseroan, sesuai dengan Peraturan Otoritas Jasa Keuangan Pasal 51 No. 73/POJK.05/2016 tentang Tata Kelola Perseroan yang Baik Bagi Perseroan Perasuransian dan Surat Edaran Otoritas No. 16/ SEOJK.05/2014 tentang Komite pada Dewan Komisaris Perseroan Asuransi, Perseroan Asuransi Syariah, Perseroan reasuransi, dan Perseroan Reasuransi Syariah. The Nomination and Remuneration Committee was established by BNI Life’s Board of Commissioners on April 20, 2017 with Decree No. 009. SK.BL.KOM.0417 as a form of GCG implementation within the Company's, in accordance with Regulation of the Financial Services Authority Article 51 Number 73/POJK.05/2016 regarding Good Corporate Governance for Insurance Companies and Circular Letter of Authority Number 16/ SEOJK.05/2014 regarding Committees to the Board of Commissioners of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies, and Sharia Reinsurance Companies. Keanggotaan Komite Nominasi dan Remunasi paling sedikit terdiri dari seorang anggota Dewan Komisaris yang berkedudukan sebagai Ketua, seorang pihak Independen yang memiliki keahlian di bidang SDM (Sumber Daya Manusia), dan seorang pejabat eksekutif atau perwakilan pegawai. Membership of the Nomination and Remuneration Committee shall consist of at least one member of the Board of Commissioners as Chairman, an Independent Party having expertise in the field of HR (Human Resources), and an executive officer or employee representative. Annual Report 2017 | PT BNI Life Insurance 241
  242. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN Tugas Komite Nominasi dan Remunerasi Dalam Bidang Remunerasi 1 . Mempelajari peraturan perundang-undangan dan ketentuan yang berlaku dalam kebijakan remunerasi. 2. Memastikan bahwa Perseroan telah memiliki sistem remunerasi yang transparan berupa gaji atau honorarium, tunjangan dan fasilitas yang bersifat tetap dan insentif yang bersifat variable. 3. Membantu Dewan Komisaris dalam merumuskan dan menentukan kebijakan remunerasi berupa gaji atau honorarium, tunjangan dan fasilitas yang bersifat tetap dan insentif yang bersifat variable bagi Dewan Komisaris dan Direksi, apabila diperlukan untuk diusulkan kepada RUPS. 4. Mengevaluasi system imbalan pegawai, pemberian tunjangan dan fasilitas lainnya. Nomination and Remuneration Committee Duties In the Remuneration Field 1. Studying the laws and regulations applicable in the remuneration policy. 2. Ensure that the Company has a transparent remuneration system in the form of salaries or honoraria, fixed allowances and facilities as well as variable incentives. 3. Assist the Board of Commissioners in formulating and determining remuneration policies in the form of salaries or honoraria, fixed allowances and facilities as well as variable incentives for Board of Commissioners and Board of Directors, if required to be proposed to the GMS. 4. Evaluate employee benefits, allowances and other facilities. Dalam Bidang Nominasi 1. Menyusun kriteria seleksi dan prosedur nominasi bagi anggota Direksi, anggota Dewan Komisaris, dan Pejabat eksekutif lainnya di dalam Perseroan. 2. Membuat system penilaian dan memberikan rekomendasi mengenai kebutuhan jumlah anggota Direksi dan anggota Dewan Komisaris Perseroan. 3. Mencari calon anggota Direksi dan anggota Dewan Komisaris untuk memperoleh keputusan RUPS sesuai dengan ketentuan Anggaran Dasar Perseroan. 4. Memberikan rekomendasi mengenai Pihak Independen yang akan menjadi anggota Komite. In the Nomination Field 1. Establish selection criteria and nomination procedures for members of Board of Directors, Board of Commissioners, and other Executive Officers in the Company. 2. Establish an assessment system and provide recommendations on the needs of number of members of Board of Directors and members of Board of Commissioners of the Company. 3. Search candidates for members of Board of Directors and members of Board of Commissioners to obtain GMS decision in accordance with the Company's Articles of Association. 4. Provide recommendations on Independent Party who will become a member of the Committee. Masa Kerja anggota Komite Nominasi dan Remunerasi ditentukan oleh Dewan Komisaris sebagaimana ditetapkan dalam Anggaran Dasar Perseroan. Anggota Komite dapat dipilih kembali hanya untuk 1 (satu) periode berikutnya, kecuali ketua Komite yang dapat dipilih kembali untuk lebih dari 1 (satu) periode berikutnya. The tenure of the Nomination and Remuneration Committee Member is determined by the Board of Commissioners as stipulated in the Company's Articles of Association. The Committee member may be re-elected for only one (1) subsequent period, unless the Committee Chariman that may be re-elected for more than 1 (one) subsequent period. Komposisi Komite Nominasi dan Remunerasi Susunan anggota Komite Nominasi dan Remunerasi per 31 Desember 2017 adalah sebagai berikut: Nomination and Remuneration Committee Composition The composition of Nomination and Remuneration Committee as of December 31, 2017 are as follows: Nama Name 242 Jabatan Position Dasar Penetapan Basis of Appointment Keahlian Expertise Ekonomi/Economy Akhir Masa Jabatan End of Tenure Mengikuti Masa Jabatan Dewan Komisaris Following Board of Commissioners Tenure Darwin Suzandi Ketua/Chairman SK No. 009.BL.KOM.0417 Ayu Sari Wulandari Anggota/Member SK No. 009.BL.KOM.0417 Finance/Public Relation Mengikuti Masa Jabatan Dewan Komisaris Following Board of Commissioners Tenure Budi Eka Buana Anggota/Member SK No. 009.BL.KOM.0417 Ekonomi/Economy Sosial Politik/Politics Social Manajemen SDM/ HR Managment Mengikuti Masa Jabatan Dewan Komisaris Following Board of Commissioners Tenure PT BNI Life Insurance | Laporan Tahunan 2017 Manajemen/Managment
  243. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Profil Anggota Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Member Profile Darwin Suzandi Jabatan /Position Ketua Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Chairman Kewarganegaraan/Nationality Indonesia Usia/Age 61 Tahun 61 years old Domisili/Domicile Jakarta Pendidikan/Education • • • • Magister Management, Univerity of Wisconsin, USA, tahun 1991 Sarjana Ekonomi Perseroan, Universitas Kristen Indonesia, Jakarta, tahun 1981 Master of Management, University of Wisconsin, USA, 1991 Bachelor of Corporate Economics, Christian University of Indonesia, Jakarta, 1981 Riwayat Pekerjaan/Employment History • • • • • • • • Komite Audit Bank Permata, tahun 2014 - sekarang Wakil Rektor Universitas Pancasila, tahun 2010-sekarang Wakil Ketua Dewan Pengawas Dana Pensiun BNI, tahun 2010-sekarang Program Director Lembaga Pengembangan Perbankan Indonesia, tahun 2010-sekarang Audit Committee of Bank Permata, 2014-present Vice-Rector of Pancasila University, 2010-present Vice Chairman of the Supervisory Board Pension Fund of BNI, 2010-present Director Program of Indonesian Banking Development Institute, 2010-present Rangkap Jabatan/Concurrent Position • • • • Komite Audit Bank Permata, sejak tahun 2014 - Oktober 2017 Wakil Ketua Dewan Pengawas Dana Pensiun BNI, sejak tahun 2010-2017 Audit Committee of Bank Permata, 2014-October 2017 Vice Chairman of the Supervisory Board Pension Fund of BNI, 2010-2017 Pelatihan di tahun 2017/Training in 2017 7th CEO Insurance Summit, February 2017 • 28th Pacific Insurance Committee Workshop, November 2017 • 7th CEO Insurance Summit, February 2017 • 28th Pacific Insurance Committee Workshop, November 2017 SK Pengangkatan/Appointment Letter SK No. 009.BL.KOM.0417 Hubungan Afiliasi/Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Nama/Name Ayu Sari Wulandari Jabatan/Position Anggota Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Member Kewarganegaraan/Nationality Indonesia Usia/Age 48 Tahun 48 years old Domisili/Domicile Jakarta • • Teknik Industri Pertanian Institut Pertanian Bogor Keuangan Terapan Melbourne University • • Agricultural Industry of Institut Pertanian Bogor Applied Financial Melbourne University Riwayat Pekerjaan/Employment History • • • • • • Credit analyst of SME Loan in Jakarta Branch (1994) Sales Manager of BNI Credit Card (1997) Financial Institution Relationship Manager BNI (2004) Saving Group Head at Funding Division BNI (2005) Saving Product Group Head (year 2005 to 2008) General Manager of SME Business Division (2011) Rangkap Jabatan/Concurrent Position - Pelatihan di tahun 2017/Training in 2017 Tidak ada pelatihan sepanjang tahun 2017 No one training in 2017 SK Pengangkatan/Appointment Letter SK No. 009.BL.KOM.0417 Hubungan Afiliasi/Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Pendidikan/Education Corporate Governance Nama/Name Annual Report 2017 | PT BNI Life Insurance 243
  244. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN Nama /Name Budi Eka Buana Jabatan/Position Anggota Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Member Kewarganegaraan/Nationality Indonesia Usia/Age 49 tahun 49 years old Domisili/Domicile Jakarta Pendidikan/Education • • Magister Management-Management Human Resource, STIE Perbanas, 2004-2007 Faculty of Social Politic Science, Universitas Padjajaran, 1986-1992 Riwayat Pekerjaan/Employment History • • • • • • • • • Chief Resource Management Officer, PT BNI Life Insurance, 2017-Saat Ini Vice President of HR & GA, PT BNI Life Insurance, 2009 HR, GA & Legal Corporate Legal Manager, PT BNI Life Insurance, 2006-2009 HR & Office Manager, Makes & Partners Law Firm, 2004-2005 Manager HRD & General Affair, PT Bank Multicor, 2000-2004 Liquidation Team Dissolution Period, PT Bank LTCB 1999-2000 HRD Senior Officer,PT Bank LTCB, 1997-1999 HR & GA Staff, Salim Januardi Textile, 1996-1997 HR & GA Staff, PT. Yason Persada, 1992-1996 Rangkap Jabatan/Concurrent Position • • Pelatihan di tahun 2017/Training in 2017 • • ASPAC HR Forum- HR innovation to Increase Corporate Performance, diselenggarakan oleh PT Intipesan Pariwara, di Nusa Dua Bali pada 24-25 Agustus 2017 The 2nd Indonesia Human capital Summit diselenggarakan oleh PT Dyandra Konvensi International di Ritz-Carlton, Jakarta pada 9-10 Nov 2017 ASPAC HR Forum- HR innovation to Increase Corporate Performance, Organized with PT Intipesan Pariwara, in Nusa Dua Bali on August 24-25, 2017 The 2nd Indonesia Human capital Summit organized with PT Dyandra Konvensi International di Ritz-Carlton, Jakarta on November 9-10, 2017 SK Pengangkatan/Appointment Letter SK No. 009.BL.KOM.0417 Hubungan Afiliasi/Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Frekuensi Pertemuan dan Tingkat Kehadiran Komite Nominasi dan Remunerasi Sepanjang tahun 2017, Komite Nominasi dan Remunerasi menyelenggarakan rapat sebanyak 2 (dua) kali dengan tingkat kehadiran masing-masing anggota sebagai berikut: Nama Jabatan Name Position Jumlah Rapat Jumlah Kehadiran Number of Meetings Persentase Kehadiran Total Attendance Percentage of Attendance Darwin Suzandi Anggota Komite committee members 2 2 100% Ayu Sari Wulandari Anggota Komite committee members 2 2 100% Budi Eka Buana Anggota Komite committee members 2 2 100% Ada pun agenda rapat Komite Nominasi dan Remunerasi adalah sebagai berikut : No Tanggal Agenda Rapat Date Meeting Agenda Nomination and Remuneration Committee Meeting Agenda were as follows: Peserta Rapat Meeting Participant 1 19 September 2017 Sptember 19, 2017 Pembahasan KPI Direktur Utama BNI Life tahun 2017. The discussion of KPI BNI Life President Director in 2017. DS, ASW, BEB 2 15 November 2017 November 15, 2017 Pembahasan KPI Direktur Utama BNI Life tahun 2017. The discussion of KPI BNI Life President Director in 2017. DS, ASW, BEB Laporan Pelaksanaan Program Kerja Komite Nominasi dan Remunerasi Tahun 2017 Komite Nominasi dan Remunerasi wajib menyampaikan laporan atas aktivitasnya kepada Dewan Komisaris secara berkala sekurangkurangnya 1 (satu) kali dalam 3 (tiga) bulan. Selama 2017, Komite Nominasi dan Remunerasi melakukan kegiatankegiatan sebagai berikut: • Melakukan Rapat Komite 244 Nomination and Remuneration Committee Meeting Frequency and Attendance Throughout 2017, Nomination and Remuneration Committee held 2 (two) meetings with the level of attendance of each member as follows: PT BNI Life Insurance | Laporan Tahunan 2017 Nomination and Remuneration Committee Report on 2017 Work Program Implementation The Nomination and Remuneration Committee is obliged to submit report on its activities to the Board of Commissioners on a periodical basis at least 1 (one) time in 3 (three) months. During 2017, the Nomination and Remuneration Committee undertook the following activities: • Committee meetings
  245. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Nomination and Remuneration Committee Recommendation As part of its duties and responsibilities , the Nomination and Remuneration Committee provides recommendations to the Board of Commissioners regarding the areas under which the Nomination and Remuneration Committee is responsible for. Sepanjang tahun 2017, rekomendasi yang diberikan Komite Nominasi dan Remunerasi adalah sebagai berikut: Throughout 2017, the recommendations from Nomination and Remuneration Committee are as follows: Nomor Surat No Tanggal Letter Number Perihal Date Subject 1 001.BL.KNR.1017 9 Oktober 2017 Pembahasan Tantiem October 9, 2017 Tantiem Discussion 2 002.BL.KNR.1017 9 Oktober 2017 Pembahasan KPI Direktur Utama October 9, 2017 KPI Board of Director Discussion Pengembangan Kompetensi Komite Nominasi dan Remunerasi Untuk menunjang pelaksanaan tugasnya, anggota Komite Nominasi dan Remunerasi mengikuti Program Pelatihan dalam rangka meningkatkan kompetensi anggota Komite Nominasi dan Remunerasi yang dilaksanakan baik secara formal maupun secara informal. Pada tahun 2017, anggota Komite Nominasi dan Remunerasi telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: Nama No Nomination and Remuneration Committee Competency Development To support the execution of their duties, members of Nomination and Remuneration Committe participate in training programs to increase their competencies, conducted both formally and informally. In 2017, members of Nomination and Remuneration Committee have attended and participated in various trainings, workshops, conferences, and seminars, as follows: Judul Pelatihan Name Penyelenggara Training Name Waktu & Tempat Organizer Pacific Insurance Conference Date & Location 28th Pacific Insurance Conference 19-22 November 2017, Hongkong 1 Darwin Suzandi 2 Ayu Sari Wulandari - - - Budi Eka Buana ASPAC HR Forum- HR innovation to Increase Corporate Performance The 2nd Indonesia Human capital Summit PT Intipesan Pariwara PT Dyandra Konvensi International 24-25 Agustus 2017, Bali 9-10 Nov 2017, Jakarta 3 KOMITE PEMANTAU RISIKO RISK MONITORING COMMITTEE Berdasarkan Board Manual yang ditetapkan bersama antara Dewan Komisaris dengan Direksi pada 13 November 2012, bahwa salah satu organ pendukung Dewan Komisaris adalah Komite Pemantau Risiko. Pembentukan Komite Pemantau Risiko ditetapkan dalam Keputusan Dewan Komisaris No.002.SK.BL.KOM.0415 tanggal 27 April tahun 2012 Tujuan dibentuknya Komite Pemantau Risiko, antara lain: Based on the Board Manual set by the Board of Commissioners and Board of Directors on November 13, 2012, that one of the supporting bodies to the Board of Commissioners shall be the Risk Monitoring Committee, which was established through Board of Commissioners Decree No. 002.SK.BL. KOM.0415 dated April 27, 2012. The objectives of the establishment of Risk Monitoring Committee are as follows: 1. To monitor the implementation of risk management prepared by the Board of Directors by reviewing and evaluating the Company's risk profile and recommendations of anticipatory and preventive measures to eliminate and minimize risks that may arise for local, regional or international scope. 1. Memantau pelaksanan manajemen risiko yang disusun Direksi dengan melakukan kajian dan evaluasi atas profil risiko Perseroan serta rekomendasi tindakan antisipatif dan preventif untuk mengeliminasi serta meminimalisasi risiko yang mungkin timbul baik untuk ruang lingkup lokal, regional maupun internasional. 2. Memastikan bahwa proses pengkajian dan pengevaluasian risiko, perumusan profil risiko dan penyusunan langkah-langkah antisipatif dan preventif yang ditujukan untuk eliminimasi dan minimalisasi risiko dilaksanakan secara efektif, efisien, aman, akurat, teruji dan tepat waktu serta tidak bertentangan dengan peraturan perundangan yang berlaku. Corporate Governance Rekomendasi Komite Nominasi dan Remunerasi Sebagai bagian dari tugas dan tanggung jawabnya, Komite Nominasi dan Remunerasi memberikan rekomendasi kepada Dewan Komisaris terkait bidang yang menjadi tanggung jawab Komite Nominasi dan Remunerasi. 2. To ensure that the process of assessment and evaluation of risks, formulation of risk profiles and preparation of anticipatory and preventive measures aimed at risk elimination and minimization are carried out effectively, efficiently, safely, accurately, tested and timely as well as not contrary to prevailing laws and regulations. Annual Report 2017 | PT BNI Life Insurance 245
  246. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Komposisi Komite Pemantau Risiko Sepanjang tahun 2017 , terganti dua kali penggantian posisi jabatan dalam Komite Risiko. Komposisi Komite Pemantau Risiko Perseroan per 1 Januari – 20 Juli 2017 adalah sebagai berikut: TATA KELOLA PERUSAHAAN Nama Jabatan Name Position Ludovicus Sensi Wondabio Djarot Ramelan Suseno 20 April 2020 April 20, 2020 Anggota Member Keputusan Dewan Komisaris Nomor 010.SK.BL.KOM.0417 tanggal 20 April tahun 2017 Board of Commissioners Decree Number 010.SK.BL.KOM.0417 dated April 20, 2017 Bidang Keuangan Finance 20 April 2020 April 20, 2020 Jabatan Position The composition of the Company’s Risk Monitoring Committee as of July 20, 2017 – December 31, 2017 was as follows: Dasar Penetapan Keahlian Basis of Appointment Expertise Akhir Masa Jabatan End of Tenure Ketua Chairman Keputusan Dewan Komisaris nomor 013.SK.BL.KOM.0717 tanggal 20 Juli tahun 2017 Komunikasi Board of Commissioners Decree Communication No. 013.SK.BL.KOM.0717 dated July 20, 2017 Mengikuti masa jabatan sebagai Komisaris (RUPS Tahunan 2017 yang diselenggarakan pada tahun 2018) Following the tenure as Commissioner (2017 Annual GMS that will be held in 2018) Anggota Member Keputusan Dewan Komisaris Nomor 010.SK.BL.KOM.0417 tanggal 20 April tahun 2017 Board of Commissioners Decree No. 010.SK.BL.KOM.0417 dated April 20, 2017 Keuangan Finance 20 April 2020 April 20, 2020 Anggota Member Keputusan Dewan Komisaris Nomor 010.SK.BL.KOM.0417 tanggal 20 April tahun 2017 Board of Commissioners Decree No. 010.SK.BL.KOM.0417 dated April 20, 2017 Keuangan Finance 20 April 2020 April 20, 2020 Profil of Risk Monitoring Committee Member Nama/Name Husain Abdullah Jabatan/Position Ketua Chairman Kewarganegaraan/Nationality Indonesia Usia/Age 53 Tahun 53 years old Domisili/Domicile Jakarta Pendidikan/Education Riwayat Pekerjaan/Employment History Rangkap Jabatan/Concurrent Position PT BNI Life Insurance | Laporan Tahunan 2017 End of Tenure Bidang Keuangan Finance Profil Anggota Komite Pemantau Risiko 246 Akhir Masa Jabatan Anggota Member Name Djarot Ramelan Suseno Expertise Keputusan Dewan Komisaris Nomor 010.SK.BL.KOM.0417 tanggal 20 April tahun 2017 Board of Commissioners Decree Number 010.SK.BL.KOM.0417 dated April 20, 2017 Nama Ludovicus Sensi W Keahlian Dasar Penetapan Basis of Appointment Komposisi Komite Pemantau Risiko Perseroan per 20 Juli 2017 - 31 Desember 2017 adalah sebagai berikut: Husain Abdullah Risk Monitoring Committee Composition Throughout 2017, there were two replacements of positions in the Risk Committee. The composition of the Company’s Risk Monitoring Committee as of January 1 - July 20, 2017 was as follows: • • Sarjana di bidang Hubungan Internasional, Universitas Hasanuddin, 1988 Master di Hubungan Internasional, Universitas Hasanuddin, 2009 • • Bachelor in International Relations, HasanuddinUniversity, 1988 Master in International Relations, Hasanuddin University, 2009 • • • • Manajer PSM Makassar, 2010-2014 Direktur, Celebes TV, 2010-2014 Direktur, SUN TV Makassar, 2009-2010 Perwakilan RCTI Makassar, 1992-2008 • • • • Manager PSM Makassar, 2010-2014 Director, Celebes TV, 2010-2014 Director, SUN TV Makassar, 2009-2010 Representative RCTI Makassar, 1992-2008 • • Komisaris PT Pupuk Iskandar Muda, sejak 2016 Juru bicara Wakil Presiden, sejak 2014 • • Commissioner of PT Pupuk Iskandar Muda, since2016 A spokesman for Vice President, since 2014
  247. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Tidak ada pelatihan sepanjang tahun 2017 No one training in 2017 SK Pengangkatan /Appointment Letter SK No. 013. SK.BL.KOM.0717 Hubungan Afiliasi/Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Nama/Name Ludovicus Sensi Wondabio Jabatan/Position Anggota Member Kewarganegaraan/Nationality Indonesia Usia/Age 53 Tahun 53 years old Domisili/Domicile Jakarta Pendidikan/Education • • • • • • Doktor Program Ilmu Akuntansi, Universitas Indonesia, Jakarta, tahun 2010 Magister Manajemen Universitas Indonesia, Jakarta, tahun 1994 Sarjana Ekonomi Universitas Indonesia, Jakarta, tahun 1987 Doctor in Accounting, University of Indonesia, Jakarta, 2010 Master in Management of University of Indonesia, Jakarta, 1994 Bachelor in Economy of University of Indonesia, Jakarta, 1987 Riwayat Pekerjaan/Employment History • • • • • • Senior Audit Partner KAP Mulyamin Sensi Suryanto & Liany (MSSL), tahun 2006 - sekarang Akuntan Publik KAP Osman Ramli & Satrio (ORS) d/h Hans Tuanakotta Mustofa & Halim (HTM+H), tahun 1987 - 2006 Komisaris Utama PT BNI Life Insurance, tahun 2014 Senior Audit Partner of KAP Mulyamin Sensi Suryanto & Liany (MSSL), 2006 - present Public Accountant of KAP Osman Ramli & Satrio (ORS) formerly Hans Tuanakotta Mustofa & Halim (HTM+H), 1987 - 2006 President Commissioner of PT BNI Life Insurance, 2014 Rangkap Jabatan/Concurrent Position Senior Audit Partner KAP Mulyamin Sensi Suryanto & Liany (MSSL), sejak tahun 2006 – sekarang Senior Audit Partner of KAP Mulyamin Sensi Suryanto & Liany (MSSL), 2006 – present Pelatihan di tahun 2017/Training in 2017 28th Pacific Insurance Committee Workshop, November 2017 SK Pengangkatan/Appointment Letter SK No 010.SK.BL.KOM.0417 Hubungan Afiliasi/Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Nama/Name Djarot Ramelan Suseno Jabatan/Position Anggota Member Kewarganegaraan/Nationality Indonesia Usia/Age 62 Tahun 62 Years old Domisili/Domicile Jakarta Pendidikan/Education MBA St. Louis University, USA - 1986 Riwayat Pekerjaan/Employment History Corporate Governance Pelatihan di tahun 2017/Training in 2017 • Anggota Komite Pemantau Risiko PT BNI Life Insurance, 2017 - Sekarang • Member of Risk Monitoring Committee of PT BNI Life Insurance, 2017 - present Rangkap Jabatan/Concurrent Position - Pelatihan di tahun 2017/Training in 2017 28th Pacific Insurance Committee Workshop, November 2017 SK Pengangkatan/Appointment Letter SK No. 010.SK.BL.KOM.0417 Hubungan Afiliasi/Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Persyaratan Anggota Komite Pemantau Risiko 1. Keanggotaan Komite Pemantau Risiko paling sedikit terdiri atas: a.1 (satu) orang Komisaris Independen yang berkedudukan sebagai ketua; b.1 (satu) orang anggota yang memiliki keahlian di bidang manajemen risiko atau aktuaria; dan c. 1 (satu) orang anggota yang memiliki keahlian di bidang keuangan, ekonomi dan/atau perasuransian. 2. Ketua atau anggota Komite Pemantau Risiko dinilai memiliki keahlian di bidang manajemen risiko atau aktuaria; 3. Ketua atau anggota Komite Pemantau Risiko dinilai memiliki keahlian di bidang keuangan, ekonomi dan/atau perasuransian; 4. Masa kerja Komite Pemantau Risiko ditentukan sama dengan kerja Dewan Komisaris sebagaimana ditetapkan dalam anggaran dasar Perseroan dan dapat dipilih kembali hanya untuk 1 (satu) periode berikutnya. Risk Monitoring Committee Member Requirements 1. Risk Monitoring Committee Membership requires: a. 1 (one) Independent Commissioner who serves as chairman; b. 1 (one) member who has expertise in risk management or actuarial; and c. 1 (one) member who has expertise in finance, economy and/or insurance. 2. The Chairman, or a member of the Risk Monitoring Committee should have expertise in risk management or actuarial; 3. The Chairman, or a member of the Risk Monitoring Committee should have have expertise in finance, economy and/or insurance; 4. The Risk Monitoring Committee’s tenure is in line with the Board of Commissioners’ tenure as set out in the Company’s articles of association and they may be reelected only for one (1) term. Annual Report 2017 | PT BNI Life Insurance 247
  248. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN Tugas dan Tanggung jawab Komite Pemantau Risiko Tugas Komite Pemantau Risiko 1 . Melakukan pengawasan dan pemantauan pelaksanaan penerapan manajemen risiko; dan 2. Menilai efektifitas manajemen risiko termasuk menilai toleransi risiko yang dapat diambil oleh Perseroan. Risk Monitoring Committee Duties and Responsibilities Risk Monitoring Committee Duties 1. Supervising and monitoring the implementation of risk management; and 2. Assessing the effectiveness of risk management, including assessing the risk tolerance that can be taken by the Company. Tanggung Jawab Komite Pemantau Risiko 1. Membantu Dewan Komisaris dalam memantau pelaksanaan manajemen risiko serta menilai toleransi risiko yang dapat diambil oleh Perseroan. 2. Melakukan Pengawasan atas pelaksanaan langkah-langkah antisipatif dan preventif yang ditujukan untuk eliminasi dan minimalisasi risiko yang telah dijalankan secara efektif, efisien aman, akurat, teruji dan tepat waktu serta tidak bertentangan dengan peraturan perundangan yang berlaku. 3. Menyampaikan hasil pengawasan seperti tersebut di atas kepada Ketua Komite yang dilengkapi dengan rekomendasi langkah antisipatif terhadap kemungkinan segala bentuk hambatan di masa mendatang. Selanjutnya, rekomendasi ini diserahkan kepada Dewan Komisaris. 4. Memantau seluruh kebijakan dan pedoman investasi (penanaman dana) yang berlaku dalam Perseroan telah dilaksanakan dengan memfokuskan pada pelaksana prosedur dan perumusan tindakan/ program perbaikan apabila terjadi risiko. 5. Memberi masukan kepada Dewan Komisaris yang berkaitan dengan penyusunan, penyempurnaan dan pemeliharaan sistem dan Prosedur Operasi Baku (SOP) berkenaan dengan manajemen risiko dalam segala kegiatan operasional Perseroan dan memastikan SOP dilakukan sesuai dengan ketentuan perundangan yang berlaku. 6. Menjalin kerja sama dengan pihak terkait dari internal maupun eksternal Perseroan dengan focus pada Perseroan asuransi lain dan lembaga keuangan/sekuritas/pengelola dana untuk memperkaya wawasan dan memeperoleh informasi yang terkini (up to date) 7. Secara internal, membina hubungan baik dan bekerja sama terutama dengan: 8. Melakukan review terhadap arahan, kebijakan dan strategi manajemen risiko Perseroan yang ditetapkan. 9. Mengkaji dan mengevaluasi toleransi risiko Perseroan dan mengalokasinya ke masing-masing divisi/business unit (risk budgeting) 10.Mengevaluasi dan mengkaji kebijakan mengenai batasan-batasan transaksi dengan pihak ketiga serta batasan pengelolaan investasi. 11.Melakukan review atas sistem manajemen risiko yang akan digunakan dalam pengelolaan risiko usaha. 12.Melakukan evaluasi tentang kesesuaian antara kebijakan manajemen risiko dengan pelaksanaan kebijakan. 13.Mengawasi dan melakukan evaluasi atas tugas Komite Risiko dan divisi Risk Management dan divisi terkait. 14.Melakukan evaluasi terhadap laporan pertanggungjawaban Direksi dan rekomendasi Direksi atas usulan pembagian dividen interim. Risk Monitoring Committee Responsibilities 1. Assist the Board of Commissioners in monitoring the implementation of risk management and assess the risk tolerance that can be taken by the Company. 2. Supervise the implementation of anticipatory and preventive measures aimed at risks elimination and minimization that have been implemented effectively, efficiently, safely, accurate, tested and timely and not contrary to applicable laws and regulations. 15.Menyampaikan rekomendasi kepada Dewan Komisaris atas kebijakan yang telah diambil oleh Direksi berkaitan dengan manajemen risiko Perseroan. 248 PT BNI Life Insurance | Laporan Tahunan 2017 3. Deliver the results of the above-mentioned supervision to the Committee Chairman, supplemented with recommendation of anticipatory steps against any possible obstacles in the future. Furthermore, this recommendation is submitted to the Board of Commissioners. 4. Monitor all applicable investment policies and guidelines in the Company have been implemented by focusing on implementation of procedures and formulating action/improvement programs in the event of a risk. 5. Provide input to the Board of Commissioners relating to the preparation, improvement and maintenance of systems and Standard Operating Procedures (SOPs) with respect to risk management in all operational activities of the Company and ensuring that SOPs are conducted in accordance with prevailing laws and regulations. 6. Engage in cooperation with related parties from internal or external of the Company with a focus on other insurance companies and financial institutions/securities/fund managers to enrich the insight and obtain up-to-date information 7. Internally, fostering good relations and working closely, especially with: 8. Conduct review of the Company's defined risk management directives, policies and strategies. 9. Review and evaluate the Company's risk tolerance and allocate it to each business division (risk budgeting) 10.Evaluate and review policies regarding transaction restrictions with third parties as well as limitation of investment management. 11.Review the risk management system to be used in managing business risks. 12.Evaluate the suitability of risk management policies and the implementation of policies. 13.Supervise and evaluate the duties of Risk Committee and Risk Management division and related division. 14.Evaluate the Board of Directors' accountability report and Board of Directors’ recommendation on the proposed interim dividend distribution. 15.Submit recommendation to the Board of Commissioners on policies adopted by the Board of Directors in relation to the Company's risk management.
  249. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 16 .Evaluate the Company's compliance with the Articles of Association, regulations of the Financial Services Authority, and other relevant legislation. 17.Providerecommendation to the Board of Commissioners regarding the determination of limits requiring approval from the Board of Commissioners as required by the Articles of Association and stipulated by the Financial Services Authority. 18.Evaluate the situation that is predicted to jeopardize the Company's business continuity and submit the evaluation result so that the Board of Commissioners can report to the Financial Services Authority within the stipulated time frame. 19.Prepare the guidelines and work order of Committee (Charter) and conduct the review as needed for at least 2 (two) years. 20.Carry out other duties and responsibilities given by the Board of Commissioners from time to time. 21.Review the risk management system developed by the Board of Directors. 22.Assess the effectiveness of risk management includes assess the risk tolerance that can be taken by the Company. 22.Menilai efektivitas manajemen risiko termasuk menilai toleransi risiko yang dapat diambil oleh Perseroan. Risk Monitoring Committee Meeting Frequency and Attendance Frekuensi Pertemuan dan Tingkat Kehadiran Komite Pemantau Risiko Sepanjang tahun 2017, Komite Pemantau Risiko menyelenggarakan rapat sebanyak 10 kali dengan tingkat kehadiran masing-masing anggota sebagai berikut: Nama Jabatan Name Position Throughout 2017, the Risk Monitoring Committee held 10 meetings, with the level of attendance of each member as follows: Jumlah Rapat Jumlah Kehadiran Total Attendance Percentage of Attendance Number of Meetings Persentase Kehadiran Mauli Adiwarman Idris Ketua (hingga 21 April 2017) Chairman (until April 21, 2017) 4 2 50% Husain Abdullah Ketua (sejak 6 Mei 2017) Chairman (since May 6, 2017) 6 2 33,3% Ludovicus Sensi W. Anggota Member 10 10 100% Djarot Ramelan S. Anggota Member 6 6 100% Ada pun agenda rapat Komite Pemantau Risiko adalah sebagai berikut: No Tanggal Agenda Rapat Date Corporate Governance 16.Melakukan evaluasi kepatuhan Perseroan terhadap ketentuan Anggaran Dasar, peraturan Otoritas Jasa Keuangan, serta peraturan perundangan lainnya yang terkait. 17.Memberikan rekmendasi kepada Dewan Komisaris tentang penetapan limit yang memerlukan persetujuan Dewan Komisaris sesuai dengan yang dipersyaratkan dalam Anggaran Dasar dan yang ditetapkan oleh Otoritas Jasa Keuangan. 18.Melakukan evaluasi atas situasi yang diperkirakan dapat membahayakan kelangsungan usaha Perseroan dan menyampaikan hasil evaluasi tersebut agar Dewan Komisaris dapat melaporkan kepada Otoritas Jasa Keuangan dalam kurun waktu yang ditetapkan. 19.Menyusun pedoman dan tata tertib kerja Komita (Piagam/Charter) dan melakukan review sesuai kebutuhan minimal 2 (dua) tahun sekali. 20.Melaksanakan tugas dan tanggung jawab lain yang diberikan oleh Dewan Komisaris dari waktu ke waktu. 21.Mengkaji sistem manajemen risiko yang disusun oleh Direksi. Meeting Agenda Risk Monitoring Committee Meeting Agenda were as follows: Peserta Rapat Meeting Participant 1 6 Januari 2017 January 6, 2017 Update Risk Management Risk Management Update KDD, AN, DS, LSW, WS 2 8 Februari 2017 Februari 8, 2017 Update Risk Management Risk Management Update MAI, WS, DS, LSW, KDD, AN 3 8 Maret 2017 March 8, 2017 Update Risk Management Risk Management Update LSW, DS, WS, KDD, IG, AN 4 7 April 2017 April 7, 2017 Update Risk Management Risk Management Update WS, MAI, DS, LSW, DRS, KDD, IG, AN, NS 5 13 Juli 2017 July 13, 2017 Update Risk Management Risk Management Update GNM, DRS. DS, WS, LSW, AN, YN, AJR 6 1 Agustus 2017 August 1, 2017 Update Risk Management Risk Management Update HA, WS, SD, LSW,DRS, DS,RY , AN, AJR 7 15 September 2017 September 15, 2017 Update Risk Management dan RBC Risk Management and RBC Update DS, WS, DRS, LSW, AN, IG, AJR 8 9 Oktober 2017 October 9, 2017 Update Risk Management dan RBC Risk Management and RBC Update AN, DRS, DS, WS, LSW 9 2 November 2017 November 2, 2017 Update Risk Management Risk Management Update DS, WS, DRS, LSW, AN, IG, AJR 10 19 Desember 2017 December 19, 2017 Update Risk Management Risk Management Update DS, WS, DRS, LSW, AN, IG, AJR Annual Report 2017 | PT BNI Life Insurance 249
  250. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN Laporan Pelaksanaan Program Kerja Komite Pemantau Risiko Tahun 2017 Selama 2017 , Komite Pemantau Risiko melakukan kegiatan-kegiatan sebagai berikut: 1. Mengadakan rapat regular dengan Komisaris sebulan sekali 2. Mengadakan rapat regular dengan divisi terkait 1 – 2 kali dalam sebulan 3. Melaporkan hasil monitoring risiko kepada Komisaris Risk Monitoring Committee Report on 2017 Work Program Implementation During 2017, the Risk Monitoring Committee undertook the following activities: 1. Held regular meetings with Board of Commissioners once a month 2. Held regular meetings with related divisions 1-2 times a month 3. Reported the results of risk monitoring to the Board of Commissioners Rekomendasi Komite Pemantau Risiko Sebagai bagian dari tugas dan tanggung jawabnya, Komite Pemantau Risiko memberikan rekomendasi kepada Dewan Komisaris terkait bidang yang menjadi tanggung jawabnya yaitu melakukan kajian terhadap pelaksanaan manajemen risiko yang disusun Direksi dan menilai toleransi risiko yang diambil Perseroan. Risk Monitoring Committee Recommendation As part of its duties and responsibilities, the Risk Monitoring Committee provides recommendations to the Board of Commissioners regarding the areas under which the Committee is responsible for, namely to review the implementation of risk management prepared by the Board of Directors and to assess the risk tolerance taken by the Company. Sepanjang tahun 2017, tidak ada rekomendasi yang dikeluarkan oleh Komite Pemantau Risiko Throughout 2017, there was no recommendation issued by the Risk Monitoring Committee Pengembangan Kompetensi Komite Pemantau Risiko Untuk menunjang pelaksanaan tugasnya, anggota Komite Pemantau Risiko mengikuti Program Pelatihan dalam rangka meningkatkan kompetensi anggota Komite Pemantau Risiko yang dilaksanakan baik secara formal maupun secara informal. Risk Monitoring Committee Competency Development To support the execution of their duties, members of Risk Monitoring Committe participate in training programs to increase their competencies, conducted both formally and informally. Pada tahun 2017, anggota Komite Pemantau Risiko telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: In 2017, members of Risk Monitoring Committee have attended and participated in various trainings, workshops, conferences, and seminars, as follows: Nama No 1 250 Judul Pelatihan Name Mauli Adiwarman Idris Penyelenggara Training Name - Waktu & Tempat Organizer - Date & Location - 2 Husain Abdullah - - - 3 Ludovicus Sensi W. Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 November 19-22, 2017 4 Djarot Ramelan S. Pacific Insurance Conference 28th Pacific Insurance Conference 19-22 November 2017 November 19-22, 2017 KOMITE DI BAWAH DIREKSI COMMITTEES UNDER THE BOARD OF DIRECTORS BNI Life memiliki 5 komite yang berada di bawah Direksi yaitu; 1. Komite Investasi 2. Komite Pengembangan Produk 3. Komite Teknologi Informasi 4. Komite Risiko BNI Life has 5 committees under the Board of Directors, namely; 1. Investment Committee 2. Product Development Committee 3. Information Technology Committee 4. Risk Committee KOMITE INVESTASI INVESTMENT COMMITTEE Sebagaimana diamanatkan dalam POJK No.2/POJK.05/2014 yang telah dicabut dan telah digantikan dengan Peraturan Otoritas Jasa Keuangan No. 73/POJK.05/2016 tentang Tata Kelola Perseroan yang Baik bagi Perseroan Perasuransian, Direksi wajib membentuk Komite Investasi yang terdiri atas anggota Direksi yang membawahkan fungsi pengelolaan investasi dan aktuaris Perseroan. Komite investasi bertugas membantu Direksi dalam merumuskan kebijakan investasi As mandated in the Financial Services Authority Regulation No. 2/ POJK.05/2014 that was repealed and replaced by the Financial Services Authority Regulation No. 73/POJK.05/2016 regarding Good Corporate Governance for Insurance Companies, the Board of Directors is obliged to establish an Investment Committee consisting of Board of Directors members in charge of investment and actuarial management. The Investment Committee assists the Board of Directors in formulating PT BNI Life Insurance | Laporan Tahunan 2017
  251. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation investment policies and oversees the investment policy implementation as set . The Investment Committee was established through Board of Directors Decree No. 004.SK.BL.DIR.1214 dated December 15, 2014 on the Establishment of Investment Committee, which has been replaced by the Board of Directors Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 regarding amendment to Investment Membership, Quorum Requirements, and Board of Directors Relations. Komposisi Komite Investasi Susunan anggota Komite Investasi per 31 Desember 2017 adalah sebagai berikut: Investment Committee Composition The composition of Investment Committee as of December 31, 2017 was as follows: Nama Jabatan Name Dasar Penetapan Position Keahlian Basis of Appointment Expertise Geger N. Maulana Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Hirokazu Todaka Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Risk Management Finance Hariadi Tjahjono Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Investment Relix A.N. Rocky Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Investment Marthin Riadhim S. Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Finance Defit Rizal Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Finance Dian Wicaksono Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Finance Amelia Nugraeni Anggota/Member SK No.010.SK.BL.DIR.0616 tanggal 14 Juni 2016 Decree No. 010.SK.BL.DIR.0616 dated June 14, 2016 Risk Management Finance Risk Management Finance Persyaratan Anggota Komite Investasi Anggota komite investasi paling sedikit terdiri atas: 1. Anggota Direksi yang membawahkan fungsi pengelolaan investasi; dan 2. Aktuaris Perseroan. Investment Committee Member Requirements Investment committee members should at least consist of: 1. Nember of the Board of Directors in charge of the investment management function; and 2. The Company’s actuary. Tugas dan Tanggung Jawab Komite Investasi Memberikan kebijakan/arahan dan menentukan Standard Operating Procedure (SOP) atas pelaksanaan kegiatan investasi berdasarkan kondisi makro dan mikro ekonomi, perkembangan yang terjadi pada lembaga-lembaga keuangan bank dan non bank, perundang-undangan dan peraturan Pemerintah terkait; 1. Menentukan strategi dan target hasil investasi berdasarkan langkah-langkah investasi yang akan ditempuh ke depan; 2. Mengevaluasi kinerja investasi dan memberikan kebijakan/strategi perbaikannya; Menilai dan menetapkan strategi investasi yang direncanakan serta menjaga likuiditas yang cukup untuk memenuhi kewajiban. Investment Committee Duties and Responsibilities Provide policy/direction and determine the Standard Operating Procedure (SOP) for investment activities based on macro and micro economic conditions, developments in financial institutions of both banks and nonbanks, and related government laws and regulations; Frekuensi Pertemuan dan Tingkat Kehadiran Komite Investasi Sepanjang tahun 2017, Komite Investasi menyelenggarakan rapat sebanyak 16 kali dengan tingkat kehadiran masing-masing anggota sebagai berikut: Investment Committee Meeting Frequency and Attendance During 2017, the Investment Committee held 16 meetings with the level of attendance of each member as follows: Nama Name Jabatan Position Corporate Governance dan mengawasi pelaksanaan kebijakan investasi yang telah ditetapkan. Komite Investasi dibentuk berdasarkan Surat Keputusan Direksi No. 004.SK.BL.DIR.1214 tanggal 15 Desember 2014 tentang Pembentukan Komite Investasi yang telah digantikan dengan Surat Keputusan Direksi No. 010.SK.BL.DIR.0616 tanggal 14 Juni 2016 tentang Perubahan Keanggotaan Investasi, Persyaratan Kuorum, Serta Relasi Terhadap Direksi. 1. Determine the strategy and target of investment return based on investment measures previously established; 2. Evaluate investment performance and provide policy/strategy for improvement; Assess and determine the planned investment strategies are and maintain sufficient liquidity to meet liabilities. Jumlah Rapat Jumlah Kehadiran Total Attendance Percentage of Attendance Number of Meetings Persentase Kehadiran Geger N. Maulana Anggota/Member 16 16 100% Hirokazu Todaka Anggota/Member 16 16 100% Hariadi Tjahjono Anggota/Member 16 16 100% Relix A.N. Rocky Anggota/Member 16 16 100% Marthin Riadhim S. Anggota/Member 10 9 90% Annual Report 2017 | PT BNI Life Insurance 251
  252. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Number of Meetings Jumlah Kehadiran Total Attendance Persentase Kehadiran Percentage of Attendance Defit Rizal Anggota /Member 16 9 56% Dian Wicaksono Anggota/Member 4 4 100% Amelia Nugraeni Anggota/Member 16 15 94% TATA KELOLA PERUSAHAAN Ada pun agenda rapat Komite Investasi adalah sebagai berikut: No  1  2 3  4  252 Jumlah Rapat Position Tanggal Agenda Rapat Date Meeting Agenda Peserta Rapat Meeting Participant 1. Market Update 2. December 2016 Investment Report : a. Non Link Fund b. Link Fund 17 Januari 2017 c. Sharia Fund January 17, 3. Proposal: 2017   a. Bond Purchase : •RDPT (MTN) PT Permodalan Nasional Madani Persero with PT PNM Investment Manager •Sub Debt PT Bank Bukopin Tbk b. PNM Investment Management for BNIL Approved List Conven (Non-Unitlink) 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono-Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr. Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Leonardo Sembiring - Head of Tech.Report, Valuation and Reinsurance & Appointed Actuary 9. Mrs.Amelia Nugraheni – Head of Risk Management 10.Shohei Oyama – Risk Management 1. Proposal: a. New Investment Guideline b. Bond/Fund Purchase : •RDPT (MTN) PT Permodalan Nasional Madani Persero with PT PNM Investment Manager 20 Januari 2017 •Sub Debt PT Bank Bukopin Tbk January 20, c. PNM Investment Management for BNIL Approved List Conven (Non-Unitlink) 2017 2.  2017 Investment Strategy a. Asset Back up for Distribution Channel b. Non Link 2017 Investment Strategy 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono-Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr. Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Leonardo Sembiring - Head of Tech.Report, Valuation and Reinsurance & Appointed Actuary 9. Mr.Defit Rizal - Head of Product Development & Pricing 10.Mrs.Amelia Nugraheni – Head of Risk Management 11.1Shohei Oyama – Risk Management 12.An Nissa Surya Sumunar – Finance Controller 13.Marthin Saragih – Product Development 30 Januari 2017 1. Revised Investment Guideline January 30, 2. Investment Plan 2017 2017 3. Proposal : Buy 200 Bio Panin Subdebt Bond 2017 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono-Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr. Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr.Defit Rizal - Head of Product Development & Pricing 9. Mr.Yudhi Novi – Head of Finance Controller 10.Mrs.Amelia Nugraheni – Head of Risk Management 11.Mr.Ari Wibowo – Risk Management 12.Mr. Shohei Oyama – Risk Management 13.Mr. Dinar Arga – Technical Report, Valuation & Reinsurance 21 Februari 2017 Februari 21, 2017 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr. Fajar Wahyudhi - Treasury & Investment 6. Mrs. Astitra T.P.Kabanga - Treasury & Investment 7. Mr. Defit Rizal - Head of Pricing & Product Strategy 8. Mrs. Amelia Nugraheni – Head of Risk Management 9. Mr. Ari Wibowo – Risk Management 10.Mr. Shohei Oyama – Risk Management 11.Mrs. Livi Kencana Wulan - Sharia 1. Market Update 2. January 2017 Investment  Report PT BNI Life Insurance | Laporan Tahunan 2017
  253. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No  6  7 8  Agenda Rapat Date Meeting Agenda Peserta Rapat Meeting Participant 8 Maret 2017 March 8, 2017 1. Proposal Buy 200 Billion RDPT PT PNM Investment Management 2. Proposal Buy 50 Billion IPO PT Bintraco Dharma Tbk (Equity IPO) 1. Mr. Geger N. Maulana-Vice President Director 1. Mr. Hirokazu Todaka-Director 1. Mr. Hariadi Tjahjono -Head of Treasury and Investment 1. Mr. Relix A.N Rocky- Head of Sharia Investment 1. Mr.Sandhy D. Pratama - Treasury & Investment 1. Mr. Fajar Wahyudhi - Treasury & Investment 1. Mrs. Astitra T.P.Kabanga - Treasury & Investment 1. Mr. Leonardo Sembiring – Technical Report, Valuation & Reinsurance and Appointed Actuary 1. Mr. Defit Rizal - Head of Pricing & Product Strategy 1. Mr. Yudhi Novi – Head of Finance Controller 1. Mrs. Amelia Nugraheni – Head of Risk Management 1. Mr. Ari Wibowo – Risk Management 1. Mr. Shohei Oyama – Risk Management 24 Maret 2017 March 24, 2017 1. Market Update 2. February 2017 Investment Report: a. Non Link Fund b. Link Fund c. Sharia Fund 3. Q4 2016 Fund Manager Evaluation 4. Proposal a. to Buy Japfa Comfeed Bond b.   to use HPAM as Equity Fund Mgr c.  Liquidation of Lautandana RDT d.  Subscription to Syailendra RDT 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr.Sandhy D. Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Leonardo Sembiring – Technical Report, Valuation & Reinsurance and Appointed Actuary 9. Mrs. Amelia Nugraheni – Head of Risk Management 10.Mr. Alex Wiharja  – Pricing & Product Strategy 11.Mrs. Risqa Liaviani – Finance Controller Proposal to add Bank Woori in our Approved List 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr.Sandhy D. Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Defit Rizal - Head of Pricing & Product Strategy 9. Mrs. Amelia Nugraheni – Head of Risk Management 10.Mr. Denny Riadhi – EB Open Market 11.Mr. Toshio Sawada – Risk Management 12.Mr.Marthin Saragih – Pricing & Product Strategy 13.Mrs. Risqa Liaviani – Finance Controller 14.Mrs. Puji Lestari – Tech Report, Valuation & Reinsurance 1.Market Update 2.March 2017 Investment Report: a. Non Link Fund b. Link Fund c. Sharia Fund 3.Proposal Buy MTN BPD Jambi 4.Bank Woori Update 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr.Sandhy D. Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Defit Rizal - Head of Pricing & Product Strategy 9. Mrs. Amelia Nugraheni – Head of Risk Management 10.Mr. Denny Riadhi – EB Open Market 11.Mr. Toshio Sawada – Risk Management 12.Mr.Marthin Saragih – Pricing & Product Strategy 13.Mrs. Risqa Liaviani – Finance Controller 14.Mrs. Puji Lestari – Tech Report, Valuation & Reinsurance 7 April 2017 April 7, 2017 26 April 2017 April 26, 2017 Annual Report 2017 | PT BNI Life Insurance Corporate Governance 5  Tanggal 253
  254. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation No TATA KELOLA PERUSAHAAN 9    10 11   12 254 Tanggal Agenda Rapat Date 28 April 2017 April 28, 2017 16 Mei 2017 May 16, 2017 18 Juli 2017 July 18, 2017 22 Agustus 2017 August 22, 2017 Meeting Agenda Peserta Rapat Meeting Participant 1. Proposal Buy MTN BPD Jambi 2. Bank Woori Update 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr. Relix A.N Rocky- Head of Sharia Investment 5. Mr.Sandhy D. Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Yudhi Novi – Head of  Finance Controller 9. Mrs. Amelia Nugraheni – Head of Risk Management 10.Mr. Toshio Sawada – Risk Management 11.Mr. Denny Riadhi – EB Open Market 12.Mr. Marthin Saragih – Pricing & Product Strategy 13.Mr. Dinar Arga – Tech Report, Valuation & Reinsurance 1. Market Update 2. April 2017 Investment Report: •Non Link Fund •Link Fund •Sharia Fund 3.Proposal Buy Bonds: Telesindo & BPD Jambi 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr. Fajar Wahyudhi - Treasury & Investment 5. Mrs. Astitra T.P.Kabanga - Treasury & Investment 6. Mr. Marthin Riadhim Saragih - Tech Report, Valuation & Reinsurance 7. Mr. Defit Rizal – Head Pricing & Product Strategy 8. Mr. Yudhi Novi – Head of  Finance Controller 9. Mrs. Amelia Nugraheni – Head of Risk Management 10.Mr. Ari Wibowo - Risk Management 11.Mr. Toshio Sawada - Risk Management 12.Mr. Sugeng Riawan – Sharia 1. Market Update 2. June 2017 Investment Report: •Non Link Fund •Link Fund •Sharia Fund 1. Mr. Geger N. Maulana-Vice President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr.Relix A.N.Rocky - Head of Sharia Investment 5. Mr.Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Marthin Riadhim Saragih - Tech Report, Valuation & Reinsurance 9. Mr. Alexander Wiharja  - Pricing & Product Strategy 10.Mrs. An Nissa Sumunar - Finance Controller 11.Mrs. Amelia Nugraheni - Head of Risk Management 12.Mr. Ari Wibowo - Risk Management 13.Mr. Toshio Sawada - Technical Expert 14.Mr. Sugeng Riawan - Sharia 15.Mrs. Livi Kencana Wulan - Sharia 1. Market Update and 2Q2017 Fund Manager Review 2. July 2017 Investment Report 3. Annual BPP Review/Update 4. Investment Strategy for 2018 5. Bancassrc Optima Saving Update 6. Proposal: Buy KIK EBA Mandiri JSMR01 1. Mr. Geger N. Maulana-Acting President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr.Relix A.N.Rocky - Head of Sharia Investment 5. Mr. Fajar Wahyudhi - Treasury & Investment 6. Mrs. Astitra T.P.Kabanga - Treasury & Investment 7. Mr. Marthin Riadhim Saragih – Head of Tech Report, Valuation & Reinsurance 8. Mr. Alexander Wiharja  - Pricing & Product Strategy 9. Mr.Sandhy Pratama – Head of Finance Controller 10.Mrs. Amelia Nugraheni - Head of Risk Management 11.Mr. Ari Wibowo - Risk Management 12.Mr. Toshio Sawada - Technical Expert 13.Mr. Sugeng Riawan – Sharia PT BNI Life Insurance | Laporan Tahunan 2017
  255. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No 14    15  16 Date 15 September 2017 September 15, 2017 11 Oktober 2017 October 11, 2017 14 November 2017 November 14, 2017 13 Desember 2017 December 13, 2017 Agenda Rapat Peserta Rapat Meeting Agenda Meeting Participant 1. Proposal: •Add PT Timah (Persero) Tbk to Issuer BNI Life Approved List •Syariah Proposal:   Buy Sukuk Ijarah Berkelanjutan I Timah Thp 1 Thn 2017 2. Market Update 3. Aug 2017 Investment Report 1. Mr. Geger N. Maulana-Acting President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr.Relix A.N.Rocky - Head of Sharia Investment 5. Mr.Sandhy Pratama - Treasury & Investment 6. Mrs. Astitra T.P.Kabanga - Treasury & Investment 7. Mr. Marthin Riadhim Saragih – Head of Tech Report, Valuation & Reinsurance 8. Mr. Defit Rizal – Pricing & Product Strategy and Appointed Actuary 9. Mr. Ari Wibowo - Risk Management 10.Mr. Toshio Sawada - Technical Expert 11.Mr. Dian Wicaksono – Head of Finance Controller 12.Mrs. Livi Kencana Wulan – Sharia 1. Proposal to add Maybank AM to BNI Life Approved List for Protected Fund 2. Market Update 3. Sep 2017 Investment Report 1. Mr. Geger N. Maulana- Acting President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr.Relix A.N.Rocky - Head of Sharia Investment 5. Mr.Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Marthin Riadhim Saragih – Head of Tech Report, Valuation & Reinsurance 9. Mrs. Amelia Nugraeni - Head of Risk Management 10.Mr. Ari Wibowo - Risk Management 11.Mr. Toshio Sawada - Technical Expert 12.Mr. Dian Wicaksono – Head of Finance Controller 13.Mr. Sugeng Riawan– Sharia 1. BNI Life Unit Link Target 2018 2. BNI Life Unit Link Management, Construction &   Proposal 3. Market Update 4. Investment Report Oct 2017 (Including Inv Income Projection & Initiative for additional investment income) 1. Mr. Geger N. Maulana- Acting President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr.Relix A.N.Rocky - Head of Sharia Investment 5. Mr.Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Defit Rizal - Head of Pricing & Product Strategy and Appointed Actuary 9. Mrs. Amelia Nugraeni - Head of Risk Management 10.Mr. Toshio Sawada - Technical Expert 11.Mr. Dian Wicaksono - Head of Finance Controller 12.Mr. Sugeng Riawan - Sharia 13.Mrs. Puji Lestari  - Tech Report, Valuation & Reinsurance 1. Approval for Redemption & Subscription Mutual Fund for BNI Life Maksima/Plus 2. Annual BPP Strategi Investasi Review/Update 3. Market Update 4. Investment Report Nov 2017 1. 1. Mr. Geger N. Maulana- Acting President Director 2. Mr. Hirokazu Todaka-Director 3. Mr. Hariadi Tjahjono -Head of Treasury and Investment 4. Mr.Relix A.N.Rocky - Head of Sharia Investment 5. Mr.Sandhy Pratama - Treasury & Investment 6. Mr. Fajar Wahyudhi - Treasury & Investment 7. Mrs. Astitra T.P.Kabanga - Treasury & Investment 8. Mr. Marthin Riadhim Saragih - Head of Technical Report, Valuation & Reinsurance 9. Mr. Defit Rizal - Head of Pricing & Product Strategy and Appointed Actuary 10.Mrs. Amelia Nugraeni - Head of Risk Management 11.Mr. Ari Wibowo - Risk Management 12.Mr. Toshio Sawada - Technical Expert 13.Mr. Dian Wicaksono - Head of Finance Controller 14.Mr. Sugeng Riawan – Sharia 15.Mrs. Livi Kencana Wulan - Sharia 16.Mrs. Nurilma Pascarianti  - Risk Management Corporate Governance  13 Tanggal Risk Monitoring Committee Meeting Agenda were as follows: Annual Report 2017 | PT BNI Life Insurance 255
  256. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Investment Committee Report on 2017 Work Program Implementation During 2017 , the Investment Committee undertook the following activities: Laporan Pelaksanaan Program Kerja Komite Investasi Tahun 2017 Selama 2017, Komite Investasi melakukan kegiatan-kegiatan sebagai berikut: TATA KELOLA PERUSAHAAN Program Kerja Work Program Realisasi Realization Tahun ini telah dibentuk Buku Pedoman Perseroan (BPP) Strategi Investasi This year the company released an Investment Strategy Handbook (BPP). Ditetapkannya kebijakan pembaharuan aturan Investasi khususnya untuk Strategi Investasi Enactment of the renewal policy rules specifically for Investment Strategy Sebagai bentuk pengendalian internal atas aktivitas investasi agar tetap berdasarkan peraturan yang berlaku dan sesuai dengan kebijakan Perseroan. Internal control over investments activities based on the applicable rules and in accordance with company policy. Pemantauan Investment Limit Monitoring Investment Limit Setiap minggu dilakukan pemantauan terhadap aset investasi dan dilakukan penyesuaian sesuai peraturan POJK NO 71 /POJK.05/2016 Every week monitored the assets portfolio and adjusted according to POJK NO 71 /POJK.05/2016 Inisiatif baru untuk meningkatkan service kepada Nasabah. New initiatives to improve service to the customer. Pembentukan Underlying Asset untuk produk yang efektif di 2017 Formation of Underlying Assets for effective products in 2017 Tinjauan Kinerja Manager Investasi Overview Investment Manager Melakukan due diligence untuk Manager Investasi baru dan review per quartal terhadap Manager Investasi pengelola unit link yang telah bekerja sama dengan Perseroan sebagai bentuk pemantauan kinerja Manager Investasi. Conducted due diligence for new fund manager and quarterly review of the existing Fund Managers of the unit link, as a form of monitoring the Investment Manager performance. • • Pengembangan Riset Research Development • • • • Melakukan riset terhadap pemilihan emiten saham maupun obligasi ke dalam portofolio agar sesuai dengan kriteria Perseroan. Conducted research on a selection of stocks and bonds in the portfolio to match against the company’s criteria. Melakukan pemantauan terhadap kondisi makro ekonomi. Monitored the macroeconomic conditions. Membuat update portolio report per kuartal serta melakukan pemantauan terhadap portofolio aset Created a quarterly portfolio update report as well as monitored the asset portfolios Rekomendasi Komite Investasi Sebagai bagian dari tugas dan tanggung jawabnya, Komite Investasi memberikan rekomendasi kepada Direksi terkait bidang yang menjadi tanggung jawab Komite Investasi. Investment Committee Recommendations As part of its duties and responsibilities, the Investment Committee provides recommendations to the Board of Directors regarding the areas under which the Committee is responsible for. Sepanjang tahun 2017, rekomendasi yang diberikan Komite Investasi adalah sebagai berikut: Throughout 2017, the recommendations given by the Investment Committee are as follows: No  1 Nomor Surat Letter Number  01.BL.IC.INV.2017 Tanggal Perihal Date 17 Januari 2017 January 17, 2017 Subject • Treasury & Investment should provide investment strategi asset allocation 2017 to Risk Management, update the investment guideline and then reworking the proposal to be presented in next Investment Committee Meeting. • Property & REITS will keep as asset in investment guideline with zero allocation in 2017 as possible investment in the future. If Treasury & Investment Team hold the equity/bonds trading  even though the sell price 10% lower than purchase price (cost), it should be approved by sector director. Investment Team should provide asset allocation 2017 with details potential amount of rating A corporate bond & RDPT. Investment Committee agreed to propose to BOD : a. Purchase RDPT (MTN) PT Permodalan Nasional Madani Persero b. Sub Debt PT Bank Bukopin Tbk . c. PNM Investment Management for BNIL approved list only for Petrokimia back up. • 2  02.BL.IC.INV.2017  20 Januari 2017 January 20, 2017 • • • 3  256 03.BL.IC.INV.2017 PT BNI Life Insurance | Laporan Tahunan 2017 30 Januari 2017 January 30, 2017 Investment Committee agreed to propose the Investment Strategy to BOD with some revision: a. The minimum rating corporate bonds maximum 25% of total bonds ( include bonds in mutual fund) b. Allocation limit bonds will be: »» Government & SOE:60% +/- 20%  of total bond portfolio (include bonds in mutual fund) »» Corporate non SOE: 40% +/- 20% of total bond portfolio  (include bonds in mutual fund) c. Conflict of Interest: • Point 4 will be changed to: “If individuals buy or sell stocks, must report to  Risk Management”. Add point 5: “ Prohibit to give insider information”   • Investment Committee agreed to buy 200 Billon Panin Subdebt Bond 2017, but before propose to BOD the Investment Guideline should be approved first to back up the decision.
  257. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation No Nomor Surat Letter Number Tanggal Perihal Date Subject •  4 05.BL.IC.INV.0217 8 Maret 2017 March 8, 2017 •  5  06.BL.IC.INV.0317 24 Maret 2017 March 24, 2017  6  07.BL.IC.INV.0417 7 April 2017 April 7, 2017 7  08.BL.IC.INV.0417 26 April 2017 April 26, 2017 • • • • Investment Committee need more information about all the issue discussed in this meeting to make decision about this proposal • Investment Committee postpones the proposal to buy MTN BPD Jambi since Investment Committee needs more information about the financial projection of BPD Jambi. Treasury and Investment & EB open Market should discuss with Bank Woori to ensure this proposal is profitable for BNI Life.” • •  8  09.BL.IC.INV.0417 28 April 2017 April 28, 2017  9  10.BL.IC.INV.0517 16 Mei 2017 May 16, 2017 10  12.BL.IC.INV.0817 22 Agustus 2017 August 22, 2017 11 13.BL.IC.INV.0917  15 September 2017 September 15, 2017 12  14.BL.IC.INV.1017 11 Oktober 2017 October 11, 2017 •  15.BL.IC.INV.1117 14 November 2017 November 14, 2017 Investment Committee agree to propose to BOD to buy maximum 100 Billion MTN BPD Jambi, 3 years tenor with some additional information about the purpose issue of MTN BPD Jambi. Investment Committee agree to propose to BOD to include Bank Woori in BNI Life approved list Bank” • Investment Committee agree to propose to BOD Buy maximum 100 Billion MTN BPD Jambi, 3 years tenor. • Investment Committee need more analysis about KIK EBA. Treasury & Investment will send the analysis then Investment Committee will decide whether the proposal will go to BOD or no Treasury & Investment will send & discuss with RIM about this update BPP and if already agreed, it will be proceed to be approved by BOD” • • Investment Committee agreed to propose to BOD  to  include PT Timah (Persero) Tbk to BNI Life Sharia Issuer Approved List for Sharia Investment “Investment Committee agree to propose to BOD: • To use Maybank Asset Management RDT for Backup product Optima Saving BAS Batch 6 & subscribe • +/-220 Bio to RDT Maybank AM • Add Maybank Asset Management to BNI Life Fund Manager List only for Protected Fund •  13 Investment Committee agreed to propose to BOD : Buy 200 Billion PT Japfa Comfeed Indonesia bonds Investment Committee agreed to propose to BOD to use HPAM as Equity Fund Manager. Investment Committee agreed to propose liquidation of Lautandhana RDT to BOD Investment Committee agreed to propose to BOD to use Syailendra RDT (with Syailendra AM as Fund Manager ) only for Backup product Optima Saving Batch 4 with additional information about management, exposure, trade record  and other related information about Syailendra AM” Corporate Governance • Investment Committee agreed to propose to BOD: Buy 200 Billion RDPT PT PNM Investment Management, 5 years tenor with 10% net yield Investment Committee agreed to propose buy 50 Billion IPO PT Bintraco Dharma Tbk to BOD with additional information data, experience, statistic, the detail strategy plan and the criteria of buy amount • • Investment Committee agree to present to BOD the maksima/plus unitlink fund allocation with recommendation to increase the allocation for index fund. Investment Committee agree to propose to BOD to add Sucorinvest Asset Management, Syailendra Asset Management & Sinarmas Asset Management in our fund manager universe Investment Committee agree to propose to BOD to terminate Discretionary Agreement (KPD) Sharia Investment with Samuel Asset Management •  14 16.BL.IC.INV.1217  13 Desember 2017 December 13, 2017 Investment Committee agreed to propose to BOD to execute the unitlink strategy by: a. Redeem mutual fund around  1.95 Trillion* (BNI Life Maksima ) b. Subscribe  mutual fund : »» Around 2.6 Trillion* for BNI Life Dana Maksima »» Around 336 Billion* for BNI Life Dana Maksima Plus *) The estimate amount base on NAV as of 06 Dec 2017 *Investment Committee agreed to propose to BOD the Annual BPP Investment Strategy Review/ Update KOMITE PENGEMBANGAN PRODUK PRODUCT DEVELOPMENT COMMITTEE Dalam rangka meningkatkan kinerja pemasaran, BNI Life perlu didukung oleh pengembangan produk- produk baru dan peninjauan kembali atas produk-produk yang ada dalam rangka meningkatkan daya saing, BNI Life mmebentuk Komite Pengembangan Produk yang bertanggung jawab untuk melakukan evaluasi kesesuaian produk yang dipasarkan dengan strategi pengembangan usaha Perseroan. To improve marketing performance, BNI Life needs support by development of new products and review of existing products to improve its competitiveness; BNI Life formed a Product Development Committee responsible for evaluating the suitability of products marketed and the Company’s business development strategy. Komposisi Komite Pengembangan Produk Product Development Committee Composition Susunan anggota Komite Pengembangan Produk per 31 Desember 2017 adalah sebagai berikut: The composition of Product Development Committee as of December 31, 2017 was as follows: Annual Report 2017 | PT BNI Life Insurance 257
  258. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Position Dasar Penetapan Basis of Appointment Expertise TATA KELOLA PERUSAHAAN Geger N . Maulana Ketua Komite Produk Chairman of Committee Products Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 - Wakil Ketua Komite Produk Vice of Committee Products Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Alexander Wiharja Sekretaris Secretary Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Sayekti Rahayu Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Santy Dahlan Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Rhinaldy Yudhistira Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 IT Finance Hariadi Tjahjono Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Amelia Nugraeni Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Risk Management Finance Lia Susetio Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Komunikasi Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Ali Idris Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Jimmy Saputra Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Denny Riadhi Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Aswin Nasser Lubis Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Nurmansjah Soleiman Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Finance Fahmi Basyah Anggota Member Keputusan Direksi LAMP.006.SK.BL. DIR.0516 Tanggal 2 Mei 2016 Director decision LAMP.006.SK.BL. DIR.0516 dated May 2, 2016 Keuangan Syariah Andrey Alfiansyah Persyaratan Anggota Komite Pengembangan Produk Anggota komite pengembangan produk paling sedikit terdiri atas: 1. anggota Direksi yang membawahkan fungsi pengembangan produk; dan 258 Keahlian PT BNI Life Insurance | Laporan Tahunan 2017 Risk Management Finance Product Development Committee Member Requirements The product development committee members should at least consist of: 1. Board of Directors member in charge of product development functions; and
  259. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 2 . Division Manager who oversees product development. Tugas dan Tanggung Jawab Komite Pengembangan Produk 1. Memberikan kebijakan/arahan dan menentukan Standard Operational Procedure (SOP) atas pelaksanaan kegiatan pengembangan produk berdasarkan kondisi makro dan mikro ekonomi, perkembangan yang terjadi pada lembaga keuangan bank dan non bank, perundang-undangan dan peraturan pemerintah terkait; 2. Menyusun rencana strategis pengembangan dan pemasaran produk asuransi sebagai bagian dari rencana strategis kegiatan usaha Perseroan; 3. Mengevaluasi kesesuaian produk asuransi baru yang akan dipasarkan dengan rencana strategis pengembangan dan pemasaran produk asuransi; 4. Mengevaluasi kinerja produk asuransi dan mengusulkan perubahan atau penghentian pemasarannya; 5. Merupakan sarana koordinasi antara divisi/saluran distribusi dalam rangka meningkatkan kinerja pemasaran, khususnya dalam pengembangan produk dan strategi penjualan; 6. Mengusulkan dan mengkaji dari berbagai aspek, produk-produk yang akan diluncurkan ke pasar; 7. Menetapkan kebijakan dan strategi pengembangan dan pemasaran produk-produk Perseroan; 8. Menetapkan strategi atau langkah-langkah khusus yang diperlukan untuk mengatasi kondisi produk yang sudah tidak sesuai dengan kondisi pasar dan sudah tidak diminati pasar; 9. Bekerjasama dengan Komite Investasi untuk menetapkan tingkat hasil investasi (rate of return) yang akan digunakan sebagai dasar Aktuaris Perseroan dalam menetapkan pricing strategy (dilakukan minimal 1 (satu) kali dalam 1 (satu) tahun sebelum bulan April); 10.Menetapkan dan mengkaji ulang kebijakan dan strategi pengembangan dan pemasaran produk (minimal 1 (satu) kali dalam 6 (enam) bulan); 11.Melakukan kajian terhadap setiap usulan produk dari divisi yang berwenang, mulai dari kondisi perekonomian dan keuangan, market needs, market segment, target market, aspek teknis produk (pricing dan profitabilitas), risiko produk, strategi pemasaran, dampak terhadap kondisi finansial Perseroan, dan aspek-aspek lain yang diperlukan; 12.Memutuskan kelayakan setiap usulan produk untuk dipasarkan; 13.Melakukan evaluasi terhadap profitabilitas produk-produk yang sudah ada secara berkala dan memberi laporan untuk dianalisis lebih lanjut oleh Unit Aktuaria; 14.Memutuskan kelayakan produk-produk yang sudah ada; 15.Menyusun strategi atau langkah-langkah khusus yang diperlukan untuk mengatasi kondisi produk yang sudah tidak sesuai dengan kondisi pasar dan sudah tidak diminati pasar; Product Development Committee Duties and Responsibilities 1. Provide policy/direction and stipulate the Standard Operational Procedures (SOP) for product development based on macro and micro economic conditions, developments in financial institutions of banks and non-banks, related government laws and regulations; Frekuensi Pertemuan dan Tingkat Kehadiran Komite Pengembangan Produk Sepanjang tahun 2017, Komite Pengembangan Produk menyelenggarakan rapat sebanyak 4 (empat) kali dengan tingkat kehadiran masing-masing anggota sebagai berikut: Product Development Committee Meeting Frequency and Level of Attendance Throughout 2017, the Product Development Committee held 4 (four) meetings with the attendance of each member as follows: 2. Develop strategic plan for the development and marketing of insurance products as part of the Company’s business activities strategic plan; Corporate Governance 2. Pemimpin Divisi yang membawahi pengembangan produk. 3. Evaluate the suitability of new insurance products to be marketed under the strategic development and marketing plan for insurance products; 4. Evaluate insurance products performance and propose changes or termination of marketing; 5. Act a means of coordination between the distribution division/channels to improve marketing performance, especially in product development and sales strategy; 6. Propose and examine products that will be launched into the market; 7. Establish policies and strategies for developing and marketing the Company’s products; 8. Establish strategy or specific measures required to address products that are not in accordance with market conditions and the market is not desirable anymore; 9. In cooperation with the Investment Committee, establish the level of investment rate of return that will be used as the basis for the Company’s Actuary in determining pricing strategy (performed at least 1 (one) time in 1 (one) year prior to April); 10.Establish and review the product development and marketing policy and strategy (at least 1 (one) time in six (6) months); 11.Conduct study on any proposed products from authorized division, ranging from economic and financial conditions, market needs, market segment, target market, the technical aspects of the product (pricing and profitability), the product risk, marketing strategies, the impact on the financial condition of the Company and other aspects as required; 12.Decide on the feasibility of any proposed product to be marketed; 13.Evaluate the existing product profitability on a regular basis and provide reports for further analysis by the Actuarial Unit; 14.Decide on eligibility of existing products; 15.Develop strategies or specific measures required to address products that are not in accordance with market conditions and the market is not desirable anymore; Annual Report 2017 | PT BNI Life Insurance 259
  260. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Jumlah Rapat Agenda Attendance TATA KELOLA PERUSAHAAN Komite Produk Kwartal 1 4 31 peserta rapat 31 Participants of the meeting Komite Produk Kwartal 2 4 33 peserta rapat 33 Participants of the meeting Komite Produk Kwartal 3 4 32 peserta rapat 32 Participants of the meeting Komite Produk Kwartal 4 4 28 peserta rapat 28 Participants of the meeting Ada pun agenda rapat Komite Pengembangan Produk adalah sebagai berikut : No Tanggal Product Development Committee Meeting Agenda were as follows: Peserta Rapat Agenda Rapat Date Participants of the meeting Agenda Meeting Sales Performance 2016 Product Strategy 2017 Project Pipeline 2017 – Cost Benefit Analysis 1 20 Desember 2016 December 20, 2017 2 10 Maret 2017 March 10, 2017 Cost Benefit Analysis Q2 2017 Product Initiatives New Business Process Approval for AJK Product Review Product Pipeline – (Current Status) 100% Struktur Komite Produk Baru hadir 100% new product present committee structure 3 20 Juni 2017 June 20, 2017 Market Update Product Mix Strategy Cost Benefit Analysis Q3 Product Initiatives Product Pipeline (Current Status) 100% Struktur Komite Produk Baru hadir 100% new product present committee structure 4 20 Juni 2017 June 20, 2017 Q3 2017 Product Initiatives New Business Process for AJK Update on Product Review Product Pipeline (Current Status) 100% Struktur Komite Produk Baru hadir 100% new product present committee structure 5 5 Desember 2017 December 5, 2017 Market Update 2018 Product Strategy Q4 2017 and Q1 2018 Product Pipeline Priorities Proposal Product Review and Recommendation 100% Struktur Komite Produk Baru hadir 100% new product present committee structure Laporan Pelaksanaan Program Kerja Komite Pengembangan Produk Tahun 2017 Selama 2017, Komite Pengembangan Produk melakukan kegiatankegiatan sebagai berikut: Program Kerja Work Program Kebijakan Strategis Pengembangan dan Pemasaran Produk Strategic Policy on Product Development and Marketing 260 Jumlah Kehadiran Total Meeting PT BNI Life Insurance | Laporan Tahunan 2017 100% Struktur Komite Produk Baru hadir 100% new product present committee structure Product Development Committee Report on 2017 Work Program Implementation During 2017, the Product Development Committee undertook the following activities: Realisasi Keterangan 1. Penetapan dan Sosialisasi BPP Pengembangan Produk 2. Rekomendasi Strategi Produk tahun 2017 3. Rekomendasi Strategi Produk tahun 2017 per Jalur DIstribusi Pemasaran per Kuartal 4. Rekomendasi Cost Benefit Analisis Inisiatif Produk per Jalur Distribusi per kuartal tahun 2017 5. Rekomendasi Perubahan Struktur Biaya Produk Solusi Pintar dan Solusi Abadi Plus 6. Rekomendasi Perubahan Biaya Pengelolaan Dana Produk Unit-Link 7. Rekomendasi Perubahan Biaya Akuisisi Produk Unit-Link Premi Berkala yang dijual pada jalur distribusi Bancassurance 8. Rekomendasi Strategi Produk tahun 2018 per Jalur DIstribusi Pemasaran per Kuartal Q1 2017 Realization 1. Establishment and Socialization of Product Development BPP 2. 2017 Product Strategy Recommendations 3. 2017 Product Strategy Recommendations per Marketing Distribution Channel per Quarter 4. Recommendation regarding Cost Benefit Analysis on Product Initiative per Distribution Channel per quarter of 2017 5. Recommendation regarding Changes in Cost Structure of Solusi Pintar and Solusi Abadi Plus Products 6. Recommendation on Changes in Management Fee of Unit-Link Products Fund 7. Recommendation on Changes of Acquisition Cost of Unit-Link Periodic Premium Products sold on Bancassurance distribution channel 8. 2018 Product Strategy Recommendation per Marketing Distribution Channel per Quarter Remark Q4 2016 Q1 – Q4 2017 Q1 – Q4 2017 Q3 2017 Q4 2017 Q4 2017 Q4 2017
  261. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Program Kerja Realisasi Work Program Keterangan Realization Remark Rekomendasi atas Evaluasi Kinerja Produk per Kuartal Rekomendasi atas Evaluasi Produk AJK Taspen Evaluasi Kinerja Produk Evaluation on Product Performance Q1 – Q4 2017 Q4 2017 Rekomendasi Komite Pengembangan Produk Sebagai bagian dari tugas dan tanggung jawabnya, Komite Pengembangan Produk memberikan rekomendasi kepada Direksi terkait bidang yang menjadi tanggung jawab Komite Pengembangan Produk. Product Development Committee Recommendations As part of its duties and responsibilities, the Product Development Committee provides recommendations to the Board of Directors regarding the areas under which the Committee is responsible for. Sepanjang tahun 2017, rekomendasi yang diberikan Komite Pengembangan Produk adalah sebagai berikut: Throughout 2017, the recommendations given by the Product Development Committee are as follows: Nomor Surat No 1 Tanggal Number of Letter Perihal Date Subject 16 Januari 2017 January 16, 2017 MOM Rapat Direksi No. 002/radisi/2017 Persetujuan Inisiatif Produk Q1 2017 Approval initiative products Q1 2017 KOMITE TEKNOLOGI INFORMASI INFORMATION TECHNOLOGY COMMITTEE Perubahan lingkungan bisnis yang cepat, baik internal maupun eksternal, dan dalam rangka meningkatkan tata kelola Teknologi Informasi (Tl), BNI Life Insurance membentuk Komite Teknologi Informasi agar menjadi lebih efektif dan efisien dalam penggunaan dan pengembangan Tl, untuk memaksimalkan nilai bagi pemegang saham, meningkatkan laba dan modal, meningkatkan pelayanan terhadap nasabah, serta melindungi Perseroan dari ancaman terkait dengan keamanan Tl. Given the rapid changes in the business environment, both internal and external, and to improve the Information Technology (IT) governance, BNI Life Insurance established the Information Technology Committee to become more effective and efficient in the use and development of IT, to maximize value for shareholders, increase profits and capital, improve service to customers and protect the Company from security threats associated with IT. Komposisi Komite Teknologi Informasi Information Technology Committee Composition Susunan anggota Komite Teknologi Informasi per 31 Desember 2017 adalah sebagai berikut: The composition of Information Technology Committee as of December 31, 2017 was as follows: Nama Jabatan Name Position Corporate Governance Recommendations for Quarter Product Performance Evaluation Recommendation on AJK Taspen Product Evaluation Dasar Penetapan Keahlian Basis of Appointment Expertise Finance Risk Management Akhir Masa Jabatan End of Tenure Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Budi Tampubolon Ketua Chairman SK No. 026.SK.BL.DIR.1216 Todaka Hirokazu Wakil Ketua Vice Chairman SK No. 026.SK.BL.DIR.1216 Risk Management Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Wiriadi Saputra Ketua Chairman SK No. 026.SK.BL.DIR.1216 Risk Management Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Rhinaldy Yudistira Sekretaris Secretary SK No. 026.SK.BL.DIR.1216 IT Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Rama Viva Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Sayekti Rahayu Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore dr. Santy Dahlan Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Annual Report 2017 | PT BNI Life Insurance 261
  262. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Position Dasar Penetapan Keahlian Basis of Appointment Expertise Akhir Masa Jabatan End of Tenure TATA KELOLA PERUSAHAAN Prijono Budi Susilo Anggota Member SK No . 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Parluhutan Manalu Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Amelia Nugraeni Anggota Member SK No. 026.SK.BL.DIR.1216 Risk Management Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Andrey Alfiansyah Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Fahmi Basyah Anggota Member SK No. 026.SK.BL.DIR.1216 Syahrial Anggota Member SK No. 026.SK.BL.DIR.1216 Yudhi Novi Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Dian Wicaksono Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Heri Halawani Anggota Member SK No. 026.SK.BL.DIR.1216 Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Defit Rizal Anggota Member SK No. 026.SK.BL.DIR.1216 finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Endang P Anggota Member Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore SK No. 026.SK.BL.DIR.1216 Keuangan Syariah Sharia Finance Keuangan Syariah Sharia Finance Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore Hingga yang bersangkutan tidak menduduki jabatannya lagi Until the member does not occupy his/her position anymore *masa jabatan hingga Agustus 2018 *tenure ends at August 2018 Anggota Tetap Komite Teknologi Informasi 1. Perwakilan Direksi a.Direktur yang membawahi Teknologi Informasi sebagai Ketua b.Direktur yang membawahi Manajemen Risiko sebagai Wakil Ketua 2. Kepala Divisi/Department: a.Kepala Divisi IT sebagai Sekretaris Komite b.Kepala Divisi Underwriting and Customer Service c. Kepala Divisi Claims and Provider d.Kepala Divisi POS, Collection and Business Conservation e.Kepala Divisi Risk Management f. Kepala Divisi Corporate Planning g.Kepala Divisi Bancassurance Business Support h.Kepala Divisi Sharia i. Kepala Divisi Financial Controller j. Kepala Divisi GA and Procurement k. Kepala Divisi Pricing and Product Strategy 262 PT BNI Life Insurance | Laporan Tahunan 2017 Information Technology Committee Permanent Members 1. Board of Directors Representative a. Director in charge of Information Technology as Chairman b. Director in charge of Risk Management as Vice Chairman 2. Head of Division/Department: a. Head of IT as Committee Secretary b. Head of Underwriting and Customer Service c. Head of Claims and Provider d. Head of POS, Collection and Business Conservation e. Head of Risk Management f. Head of Corporate Planning g. Head of Bancassurance Business Support h. Head of Sharia i. Head of Financial Controller j. Head of GA and Procurement k. Head of Pricing and Product Strategy
  263. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Information Technology Committee Duties and Responsibilities The IT committee duties are providing recommendations or suggestions and not entitled to take any decisions . Decisions related to the recommendations or suggestions given shall obtain the approval from Board of Directors. Adapun ruang lingkup yang menjadi Tugas Komite TI sebagai berikut; 1. Melakukan ulasan dan memberikan rekomendasi terhadap aturan dan sistem untuk kegiatan TI, seperti, Operasional Komite TI, manajemen untuk pengembangan sistem, manajemen rencana atau anggaran TI, keamanan TI dan sebagainya. Hal-Hal tersebut harus didiskusikan dan disetujui oleh anggota Komite TI sebelum dimintakan persetujuan ke Dewan Direksi. 2. Melakukan ulasan dan memberikan rekomendasi rencana TI tahunan termasuk jadwal pengembangan sistem, kegiatan terkait TI dan sebagainya. Rencana tersebut harus didiskusikan dan disetujui oleh anggota Komite TI sebelum dimintakan persetujuan ke Dewan Direksi. 3. Melakukan ulasan dan memberikan rekomendasi usulan anggaran TI tahunan termasuk CAPEX dan OPEX TI. Usulan anggaran harus didiskusikan dan disetujui oleh anggota Komite TI sebelum memintakan persetujuan ke Financial Controller dan Dewan Direksi. 4. Melakukan ulasan dan memberi rekomendasi (jangka menengah) rencana strategis TI termasuk tujuan dari proyek TI, sumber daya TI, atau kegiatan TI yang penting. Rencana strategis harus didiskusikan dan disetujui oleh anggota Komite TI sebelum dimintakan persetujuan ke Dewan Direksi. 5. Melakukan ulasan dan memberikan rekomendasi proyek-proyek TI penting yang memerlukan proses pengadaan, masa pengembangan lebih dari enam bulan secara internal atau pertimbangan untuk mengubah rencana tahunan TI. Rekomendasi diberikan kepada Direktur yang membawahi TI dalam menunjuk proyek TI yang penting untuk dilakukan pemantauan oleh Direktur Sektoral. 6. Menentukan prioritas terkait dengan pengembangan aplikasi TI yang berhubungan prioritas pengembangan aplikasi sesuai dengan kebutuhan bisnis. The scope of work of the IT Committee are as follows; 1. Review and provide recommendations on rules and systems of IT activities, such as the operations of IT Committee, system development management, IT plan or budget management, IT security and other topics that must be discussed and approved by the IT Committee members prior to approval request to the Board of Directors. Frekuensi Pertemuan dan Tingkat Kehadiran Komite Teknologi Informasi Information Technology Committee Meeting Frequency and Level of Attendance Throughout 2017, the Information Technology Committee held 5 meetings with the attendance of each member as follows: 2. Review and provide recommendations on the IT annual plan, including system development schedule, and IT-related activities that must be discussed and approved by the IT Committee members prior to approval request to the Board of Directors. 3. Review and provide recommendations on the IT annual budget including IT CAPEX and OPEX that should be discussed and approved by the IT Committee members prior to approval request to the Financial Controller and Board of Directors. 4. Review and provide (mid-term) recommendations on IT strategic plan including the IT project goals, IT resources, or significant IT activities that must be discussed and approved by the IT Committee members prior to approval request to the Board of Directors. 5. Review and provide recommendations on critical IT projects that require procurement process, with development period of more than six months internally or consideration of changing the IT annual plan. The Director in charge of IT may indicate important IT projects that need monitoring by Sectoral Director. 6. Set priorities related to IT applications development according to business needs. Sepanjang tahun 2017, Komite Teknologi Informasi menyelenggarakan rapat sebanyak 5 kali dengan tingkat kehadiran masing-masing anggota sebagai berikut: Nama Jabatan Name Position Corporate Governance Tugas dan Tanggung Jawab Komite Teknologi Informasi Komite TI bertugas untuk memberikan rekomendasi atau saran dan tidak berhak mengambil keputusan apapun. Keputusan terkait dengan rekomendasi atau saran yang diberikan harus mendapatkan persetujuan dari Direksi. Jumlah Rapat Jumlah Kehadiran Total Attendance Percentage of Attendance Number of Meetings Persentase Kehadiran Budi Tampubolon Ketua Chairman 3 3 100% Todaka Hirokazu Wakil Ketua Vice Chairman 5 5 100% Wiriadi Saputra Ketua Chairman 1 1 100% Rhinaldy Yudistira Sekretaris Secretary 5 5 100% Rama Viva Anggota Member 2 1 50% Sayekti Rahayu Anggota Member 3 3 100% Annual Report 2017 | PT BNI Life Insurance 263
  264. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Position Jumlah Rapat Jumlah Kehadiran Total Attendance Percentage of Attendance Number of Meetings TATA KELOLA PERUSAHAAN dr . Santy Dahlan Anggota Member 5 5 100% Prijono Budi Susilo Anggota Member 1 1 100% Parluhutan Manalu Anggota Member 4 4 100% Amelia Nugraeni Anggota Member 4 5 80% Andrey Alfiansyah Anggota Member 4 5 80% Fahmi Basyah Anggota Member 2 2 100% Syahrial Anggota Member 1 1 100% Yudhi Novi Anggota Member 3 2 75% Dian Wicaksono Anggota Member 2 2 100% Heri Halawani Anggota Member 5 5 100% Defit Rizal Anggota Member 1 5 25% Endang P Anggota Member 2 2 100% Ada pun agenda rapat Komite Teknologi Informasi adalah sebagai berikut : No Tanggal Product Development Committee Meeting Agenda were as follows: Agenda Rapat Date Peserta Rapat Meeting Agenda Meeting Participant 1 24 Januari 2017 January 24, 2017 New Core System (Individu) and IT Projects 2017 All members 2 21 Februari 2017 February 21, 2017 e-Bancassurance and IT Projects All members 3 26 April 2017 April 26, 2017 Integration Data for Credit Life (AJK BNI and BNI Life) All Members 4 29 September 2017 September 29, 2017 Projects 2017 Updated and Business Plan (e-BAS and e-Claim are high priority projects) All Member 5 20 Desember 2017 December 20, 2017 POA 2018 and software license All Member Laporan Pelaksanaan Program Kerja Komite Teknologi Informasi Tahun 2017 Selama 2017, Komite Teknologi Informasi melakukan kegiatan-kegiatan sebagai berikut: Information Technology Committee Report on 2017 Work Program Implementation During 2017, the Information Technology Committee undertook the following activities: Program Kerja Realisasi Work Program 264 Persentase Kehadiran Realization Review and suggestion NCS NCS Project is on progress Review and Suggestion e-BAS and e-Claim e-BAS project is on UAT phase, e-Claim is on UAT Phase Review and Suggestion POA 2018, AJK BNI-BNI Life POA and List User request for 2018, AJK BNI-BNI life is finished. Review and Suggestion Software License Free License Office (Libre Office) implementation in IT Division (Decreasing Software License Cost) Rekomendasi Komite Teknologi Informasi Sebagai bagian dari tugas dan tanggung jawabnya, Komite Teknologi Informasi memberikan rekomendasi kepada Dirreksi terkait bidang yang menjadi tanggung jawab Komite Teknologi Informasi. Information Technology Committee Recommendations As part of its duties and responsibilities, the Information Technology Committee provides recommendations to the Board of Directors regarding the areas under which the Committee is responsible for. Sepanjang tahun 2017, rekomendasi yang diberikan Komite Teknologi Informasi adalah sebagai berikut: Throughout 2017, the recommendations given by the Information Technology Committee were as follows: PT BNI Life Insurance | Laporan Tahunan 2017
  265. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Tanggal Nomor Surat No Letter Number Perihal Date Subject IT Steering Committee Meeting 2 IT Steering Committee Meeting 26 April 2018 April 26 , 2018 AJK BNI – BNI Life should be develop this year 3 IT Steering Committee Meeting 29 September 2018 September 29, 2018 Developer should prioritize e-BAS and e-Claim 4 IT Steering Committee Meeting 20 Desember 2018 December 20, 2018 BNI Life should decrease its software license cost e-BAS application should be develop this year. KOMITE RISIKO RISK COMMITTEE Komite Risiko merupakan komite penunjang di bawah Direksi yang dituangkan dalam perubahan terakhir melalui Surat Keputusan Direksi Perseroan No. 008.SK.BL.DIR.0516 tanggal 2 Mei 2016. Komite ini dibentuk untuk meningkatkan manajemen risiko agar lebih efektif dalam meminimalisir risiko usaha yang dihadapi. Komite Risiko juga dibentuk untuk memberikan arahan, kebijakan dan strategi pengelolaan risiko, aset dan liabilitas Perseroan. The Risk Committee is a supporting committee below the Board of Directors as outlined in the latest changes through Board of Directors Decree No.008.SK.BL.DIR.0516 dated May 2, 2016. This committee was formed to improve risk management to be more effective in minimizing the business risks faced. The Risk Committee was also formed to provide direction, policies and strategies for the Company’s risks, assets and liabilities management. Komposisi Komite Risiko Risk Committee Composition Susunan anggota Komite Risiko per 31 Desember 2017 adalah sebagai berikut: The composition of Risk Committee as of December 31, 2017 was as follows: Nama Jabatan Name Position Dasar Penetapan Basis of Appointment Keahlian Expertise Hirokazu Todaka Direktur Risk Management/Ketua SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Amelia Nugraeni Head of Risk Management SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Aktuaris/Actuary Keuangan/Finance Sayekti Rahayu Head of Underwriting & Customer Service SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Keuangan/Finance Head of Tech.Report, Valuation & Reinsurance SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Head of Pricing & Product Development SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Head of Information Technology SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Head of POS, Collection & Business Conservation SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Head of Human Capital & Employee Training SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Marthin Saragih Rhinaldy Yudistira Parluhutan Manalu Corporate Governance 1 21 Februari 2018 February 21, 2018 Risk Management/ Management Risiko Keuangan/Finance Keuangan/Finance IT Keuangan/Finance Annual Report 2017 | PT BNI Life Insurance 265
  266. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Jabatan Name Dasar Penetapan Position Expertise TATA KELOLA PERUSAHAAN Heri Halawani Head of GA & Procurement SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 dr. Santy Dahlan Head of Claim & Provide SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Kesehatan/Health Keuangan/Finance Donny Trihardono Head of Legal & Investigation SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Hukum/Legal Eddy Sutrisno Marolop Hutauruk Head of Compliance SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Hukum/Legal Dian Wicaksono Head of Finance Controller SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Keuangan/Finance Head of Corporate Secretary SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Head of Corporate Planning SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Head of Actuary Sharia SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors Number 008.SK.BL. DIR.0516 dated May 2, 2016 Arry Herwindo Wildan Syahrial Keuangan/Finance Hukum/Legal Aktuaris/Actuary Independensi Anggota Risk Committee Member Independency Seluruh anggota Komite Kebijakan Risiko yang berasal dari pihak independen tidak memiliki hubungan keuangan, kepengurusan, kepemilikan saham dan/atau hubungan keluarga dengan Dewan Komisaris, Direksi dan/atau Pemegang Saham Pengendali yang dapat mempengaruhi kemampuannya bertindak independen. All Risk Committee members come from independent parties with no financial, management, share ownership and/or family relationship with the Board of Commissioners, Board of Directors and/or Controlling Shareholders that may affect their ability to act independently. Kriteria Independensi Komite Risiko Risk Committee Independency Criteria Nama Name 266 Keahlian Basis of Appointment Tidak memiliki hubungan kekeluargaan dengan pemegang saham, Dewan Komisaris, serta Direksi Do not have family relationship with the Shareholders, Board of Commissioners and Board of Directors Tidak memiliki hubungan usaha secara langsung dan tidak langsung kepada Perseroan Do not have direct or indirect business relationships with the Company Bukan merupakan orang yang memberikan jasa audit, non audit, atau jasa konsultan lainnya kepada Perseroan dalam waktu enam bulan terakhir Bukan merupakan orang yang mempunyai wewenang dan tanggung jawab untuk merencanakan, memimpin atau mengendalikan kegiatan Perseroan Not a person who provide audit service, nonaudit service nor other consultant services to the Company within the last 6 months Not a person who works or has authority and responsibility to plan, lead, control, or supervise the Company’s activities Hirokazu Todaka v v v v Amelia Nugraeni v v v v Sayekti Rahayu v v v v Marthin Saragih v v v v Rhinaldy Yudhistira v v v v Parluhutan Manalu v v v v Budi Eka Buana v v v v Heri Halawani v v v v Santy Dahlan v v v v Donny Trihardono v v v v PT BNI Life Insurance | Laporan Tahunan 2017
  267. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Tidak memiliki hubungan kekeluargaan dengan pemegang saham , Dewan Komisaris, serta Direksi Nama Do not have family relationship with the Shareholders, Board of Commissioners and Board of Directors Bukan merupakan orang yang mempunyai wewenang dan tanggung jawab untuk merencanakan, memimpin atau mengendalikan kegiatan Perseroan Not a person who provide audit service, nonaudit service nor other consultant services to the Company within the last 6 months Not a person who works or has authority and responsibility to plan, lead, control, or supervise the Company’s activities Eddy Sutrisno Marolop Hutauruk v v v v Dian Wicaksono v v v v Arry Herwindo Wildan v v v v Defit Rizal v v v v Syahrial v v v v Corporate Governance Name Tidak memiliki hubungan usaha secara langsung dan tidak langsung kepada Perseroan Do not have direct or indirect business relationships with the Company Bukan merupakan orang yang memberikan jasa audit, non audit, atau jasa konsultan lainnya kepada Perseroan dalam waktu enam bulan terakhir Risk Committee Members consists of: 1. The Chairman is the Risk Management & Compliance Director 2. The Secretary is the Head of Risk Management 3. Permanent members consisting of: »» Head of Underwriting & Customer Services »» Head of Tech Report, Valuation & Reinsurance »» Head of Pricing & Product Development »» Head of Information Technology »» Head of POS, Collection & Business Conservation »» Head of Human Capital & Employee Training »» Head of GA & Procurement »» Head of Claims & Provider »» Head of Legal & Investigation »» Head of Compliance »» Head of Finance Controller »» Head of Corporate Planning »» Head of Actuary Sharia Anggota Komite Risiko terdiri dari: 1. Ketua adalah Direktur Risk Management & Compliance 2. Sekretaris adalah Kepala Divisi Risk Management 3. Anggota tetap yang terdiri dari: »» Kepala Divisi Underwriting & Customer Services »» Kepala Divisi Tech Report, Valuation & Reinsurance »» Kepala Divisi Pricing & Product Development »» Kepala Divisi Information Technology »» Kepala Divisi POS, Collection & Business Conservation »» Kepala Divisi Human Capital & Employee Training »» Kepala Divisi GA & Procurement »» Kepala Divisi Claims & Provider »» Kepala Divisi Legal & Investigation »» Kepala Divisi Compliance »» Kepala Divisi Finance Controller »» Kepala Divisi Corporate Planning »» Kepala Divisi Actuary Sharia 4. Permanent Invites: 4. Undangan tetap : Nama Jabatan Name Position Dasar Penetapan Keahlian Basis of Appointment Expertise Hariadi Tjahjono Head Treasury & Investment SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors number 008.SK.BL. DIR.0516 dated May 2, 2016 Defit Rizal Appointed Actuary SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors number 008.SK.BL. DIR.0516 dated May 2, 2016 Aktuaris/Actuary Keuangan/Finance dr. Okta Sinta Harini Head of Customer Complain Handling SK Direksi nomor 008.SK.BL.DIR.0516 tanggal 2 Mei 2016 SK Directors number 008.SK.BL. DIR.0516 dated May 2, 2016 Keuangan/Finance Kesehatan/Health 5. Undangan tidak tetap: »» Kepala Divisi Unit lainnya di luar anggota tetap sesuai dengan topik yang akan dibahas Keuangan/Finance 5. Temporary Invites: »» Other Unit Heads, outside the permanent members, based on topics to be discussed Annual Report 2017 | PT BNI Life Insurance 267
  268. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN Tugas , Tanggung Jawab dan Wewenang Komite Risiko Risk Committee Duties, Responsibilities and Authority Komite Risiko adalah komite pemberi rekomendasi/saran, dan bukan merupakan pengambil keputusan. Tugas dari Komite Risiko adalah: 1. Melakukan pemantauan terhadap pelaksanaan manajemen risiko. 2. Membahas dan memberikan usulan langkah-langkah yang diperlukan untuk mengatasi risiko yang dihadapi Perseroan. 3. Memberikan usulan dalam penyusunan atau penyempurnaan Kebijakan Manajemen Risiko. a. Kecukupan kerangka manajemen risiko b. Keakuratan metodologi penilaian risiko c. Kecukupan system informasi manajemen risiko 4. Melakukan evaluasi dan memberikan rekomendasi atas transaksi atau aktivitas yang menyimpang dari prosedur normal The Risk Committee is a committee giving recommendations/suggestions, advice, and is not a decision maker. The Risk Committee duties are: 1. Monitor risk management implementation. 2. Discuss and propose necessary measures to address risks facing by the company. 3. Provide proposals for preparation or refinement of the Risk Management Policy. a. Adequacy of risk management framework b. Accuracy of risk assessment methodology c. Adequacy of risk management information system 4. Evaluate and provide recommendations on transactions or activities that deviate from normal procedures Frekuensi Pertemuan dan Tingkat Kehadiran Komite Risiko Sepanjang tahun 2017, Komite Risiko menyelenggarakan rapat sebanyak 6 (enam) kali, dimana tingkat kehadiran anggota Komite Risiko tidak mempengaruhi hasil komite. Risk Committee Meeting Frequency and Level of Attendance Throughout 2017, the Risk Committee held 6 (six) meetings, in which the attendance of members of the Risk Committee did not affect the results of the committee. Ada pun agenda rapat Komite Risiko adalah sebagai berikut: Risk Committee meeting agenda were as follows: No 1 2 3 4 5 6 268 Tanggal Date 10 Januari 2017 January 10, 2017 9 Februari 2017 February 9, 2017 28 April 2017 April 28, 2017 2 Agustus 2017 August 2, 2017 2 November 2017 November 2, 2017 20 Desember 2017 December 20, 2017 PT BNI Life Insurance | Laporan Tahunan 2017 Agenda Rapat Meeting Agenda Rencana Pengendalian Risiko 2017 Risk control plan 2017 Laporan Monitoring Twriwulan IV tahun 2016 Quarter lV of the form of monitoring report in 2017 Peserta Rapat Meeting Participant Hirokazu Todaka, Rama Viva, Shohei Oyama, Eddy Sutrisno, Santy Dahlan, Rhinaldi Yudistira, Hariadi Tjahjono, Sayekti Rahayu, Syahrial, M. Firdaus, Leonardo Sembiring. Albert Jimmy, Defit Rizal, Lucky Christian, Jeremias Tanamal, Omar Butarbutar, Asep Kurnia, Satria Suhartoko, Amelia Nugraeni, Prijono, Heri Halawani, Donny Trihardono , Sulistio Purwanti, Imma Gusmiasari, Ari Wibowo, Rini Fajriani Hirokazu Todaka, Rama Viva, Shohei Oyama, Eddy Sutrisno, Santy Dahlan, Hariadi Tjahjono, Sayekti Rahayu, Hikmat Prabawa, Donny Trihardono , Prijono, Parluhutan Manalu, Albert Rotinsulu, Asep Kurnia, Frisca Tobing, M.Amar Firdaus, Jeremias Tanamal, Trini Lusanty, Trimono, Leonardo Sembiring, Amelia Nugraeni, Nurmansyah Solaiman, Aldrian Agus , Oyo Sukarya, Lucky Christian, Alexander Wiharja, Muhammad Idham, Imma Gusmiasari, Ari Wibowo, Rini Fajriani, Novi Susanti Laporan Monitoring Triwulan I tahun 2017 Quarter l of the form of monitoring report in 2017 Hirokazu Todaka, Toshio Sawada, dr.Okta Sinta Harini, Kitty Kalalo, Ester Novita, Hariadi Tjahjono, Sayekti Rahayu, Hikmat Prabawa, Donny Trihardono, Prijono Budi Susilo, Jaya Shanker, Endang Pratiwiningsih, Asep Kurnia, Samuel Pamudji, M.Amar Firdaus, Danang AW, Trini Lussanty, Rizqa Liaviani, Bachrudin Irhas, Sinta Beba, Sulistio Purwanti, Lucky Christian, Jimmy Azwir, Syahrial, Omar Butarbutar, Amelia Nugraeni, Imma Gusmiasari, Ari Wibowo, Rini Fajriani, Novi Susanti Laporan Monitoring Triwulan II tahun 2017 Quarter ll of the form of monitoring report in 2017 Hirokazu Todaka, Toshio Sawada, dr.Okta Sinta Harini, Eddy Sutrisno, Ester Novita, Hariadi Tjahjono, Sayekti Rahayu, Hikmat Prabawa, Donny Trihardono, Prijono Budi Susilo, Jaya Shanker, Rhinaldy Yudistira, Asep Kurnia, M.Amar Firdaus, Anggia Balada, Lukas Medi, Astri Fitriani, An Nissa Sumunar, Sinta Beba, Sulistio Purwanti, Lucky Christian, Jimmy Azwir, Syahrial, Omar Butarbutar, Amelia Nugraeni, Imma Gusmiasari, Ari Wibowo, Rini Fajriani, Novi Susanti Laporan Monitoring Triwulan III tahun 2017 Quarter lll of the form of monitoring report in 2017 Hirokazu Todaka, Toshio Sawada, dr.Okta Sinta Harini, Ester Novita, Hariadi Tjahjono, Sayekti Rahayu, Yulia Asmarini, Donny Trihardono, Parluhutan Manalu, Rhinaldy Yudistira, Andi Wahyudi, Asep Kurnia, Heri Halawani, Anggia Balada, Marthin Saragih, Puji Lestari, Syahrial, Aprialdy, Lucky Rusjianto, Defit Rizal, dr.Santy Dahlan, Zaroturroby, Faisal Gustomi, Sinta Beba, Sulistio Purwanti, Hani Herawati, Dian Wicaksono, Amelia Nugraeni, Imma Gusmiasari, Ari Wibowo, Rini Fajriani, Novi Susanti Rencana Pengendalian Risiko 2018 Risk control plan 2018 Hirokazu Todaka, Amelia Nugraeni, Budi Eka Buana, Danny Alogo, Andrey Alfiansyah, Sugeng Riawan, Toshio Sawada, dr.Okta Sinta Harini, Astri Fitriani, Sinta Beba, Eddy Sutrisno, Asep Kurnia, Samuel Pakpahan, Alexander Wiharja, Endang Pratiwiningsih, Dian Wicaksono, Lukas Medi, Novelentino Mazda, Heri Halawani, Donny Trihardono, Mula Herbet, Puji Lestari, Sayekti Rahayu, Aswin Naser, Relix Arnold, Rhinaldy Yudistira, Imma Gusmiasari, Ari Wibowo, Rini Fajriani, Novi Susanti
  269. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Risk Committee Report on 2017 Work Program Implementation During 2017 , the risk committee discussed and proposed the necessary steps to address the risks arising from any risk control section. Potential risks can be seen from the report of risk events that have a tendency to rise coming from all activities of the Company. Rekomendasi/Usulan Komite Risiko Sebagai bagian dari tugas dan tanggung jawabnya, Komite Risiko memberikan rekomendasi kepada Dirreksi terkait bidang yang menjadi tanggung jawab Komite Risiko. Sepanjang tahun 2017, rekomendasi yang diberikan Komite Risiko adalah sebagai berikut: Risk Committee Recommendations/Suggestions As part of its duties and responsibilities, the Risk Committee provides recommendations to the Board of Directors regarding the areas under which the Committee is responsible for. Throughout 2017, the recommendations given by the Risk Committee were as follows: No Nomor Surat Letter’s Number Tanggal Date Corporate Governance Laporan Pelaksanaan Program Kerja Komite Risiko Tahun 2017 Selama tahun 2017, pelaksanaan komite risiko membahas dan memberikan usulan langkah-langkah yang diperlukan untuk mengatasi risiko yang muncul dari setiap risk control section. Potensi timbulnya risiko dapat diketahui dari laporan kejadian risiko yang mempunyai kecenderungan naik yang berasal dari segenap kegiatan Perseroan. Perihal Subject 1 001/BL-KR/01/2017 & 006/BL-KR/12/2017 10 Januari 2017 & 20 Desember 2017 January 10, 2017 & December 20, 2017 Mekanisme pelaksanaan Rencana Pengendalian Risiko (Risk Control Plan) untuk risiko Kepengurusan, Risiko Tata Kelola, Risiko Strategi, Risiko Operasional, Risiko Aset & Liabilitas, Risiko Asuransi dan Risiko Dukungan Dana Risk Control Plan implementation mechanism for Management Risk, Governance Risk, Strategic Risk, Operational Risk, Asset & Liability Risk, Insurance Risk and Supporting Fund Risk 2 003/BL-KR/04/2017 28 April 2017 April 28, 2017 Penetapan sistem/formasi hirarki peraturan perusahaan establishment of hierarchical company regulatory system/formation 3 004/BL-KR/08/2017 2 Agustus 2017 August 2, 2017 Perubahan alur proses pembayaran klaim untuk pemegang polis/peserta yang mengajukan klaim melalui kantor layanan sehingga tidak melebihi SLA yang telah ditetapkan change of claim payment process flow for policyholder/claimant through the service office so that it does not exceed the specified SLA 4 004/BL-KR/08/2017 2 Agustus 2017 August 2, 2017 Perubahan template risk monitoring pada unit IT untuk mempermudah proses identifikasi risiko Changes of risk monitoring template on IT units to simplify the process of risk identification 5 005/BL-KR/11/2017 2 November 2017 November 2, 2017 Pengkinian kebijakan investasi sesuai dengan peraturan terbaru updating of investment policy in accordance with the latest regulations 6 005/BL-KR/11/2017 2 November 2017 November 2, 2017 Terkait pengiriman dokumen retur related to the delivery of return documents 7 005/BL-KR/11/2017 2 November 2017 November 2, 2017 Otomasi pembuatan surat konfirmasi klaim pada unit sharia Automation of letter of claim confirmation in Untuk tahun 2018, pembahasan dalam komite risiko akan lebih fokus pada mekanisme penyelesaian permasalahan kejadian risiko yang muncul dalam aktivitas-aktivitas utama Perseroan yang dapat menghambat tercapainya strategi Perseroan. For 2018, the discussion in risk committees will focus more on the mechanisms of resolving the risk event issues that arise in the Company's main activities that can hinder the achievement of corporate strategy. SEKRETARIS PERUSAHAAN CORPORATE SECRETARY Sekretaris Perseroan memiliki peranan penting dalam memfasilitasi komunikasi antara organ Perseroan, hubungan antara Perseroan dengan stakeholders, dan kepatuhan terhadap perundangan dan peraturan. The Corporate Secretary plays an important role in facilitating communication between the Company bodies, and relationships between the Company and stakeholders, and compliance with laws and regulations. Dasar Pengangkatan Sekretaris Perusahaan Corporate Secretary Basis of Appointment Sekretaris Perseroan diangkat berdasarkan Surat Keputusan Direksi PT BNI Life Insurance No.023.SK-HRD.0516 tentang Pengangkatan Kepala Divisi Sekretaris Perusahaan PT BNI Life Insurance, pada tanggal 2 Mei 2016 The Corporate Secretary is appointed based on the Decree of Board of Directors of PT BNI Life Insurance Number: 023.SK-HRD.0516 regarding the Appointment of Head of Corporate Secretary of PT BNI Life Insurance on May 2, 2016 Annual Report 2017 | PT BNI Life Insurance 269
  270. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Corporate Secretary Profile Profil Sekretaris Perusahaan TATA KELOLA PERUSAHAAN Nama /Name Arry Herwindo Wildan Jabatan/Position            Kepala Divisi Sekretaris Perusahaan Head of Corporate Secretary Kewarganegaraan/Citizenship Indonesia Tempat Tanggal Lahir/Place & Date of Birth Bandung, 21 Januari 1979 Bandung, January 21, 1979 Domisili/Domicile Jakarta Pendidikan/Education • • Fakultas Hukum, Universitas Parahyangan, 2003 Magister Hukum, Universitas Indonesia, 2006 • • Bachelor in Law, Parahyangan University, 2003 Master in Law, University of Indonesia, 2006 Riwayat Pekerjaan/Employment History •         Head of Legal & Compliance, 2011 •         Head of Legal, Compliance & Investigation, PT BNI Life Insurance, 2012 •         Head of Corporate Secretary, PT BNI Life Insurance, 2016   Rangkap Jabatan/Concurrent Position - Pelatihan di tahun 2017/Training in 2017 •         Finon 2 : Profit Planning & Capital Budgeting •         Subsidiary governance dalam konteks holdingisasi BUMN dan trend aksi korporasi •         Strategic Employee Engagement (Head Of Division) •         Follow Up & evaluation : Leader Role in Emp Engagement  Training •         Risk Management For Leader batch 2 •         Sharing Session From BOC & SA to Leaders SK Pengangkatan/Appointment Letter Hubungan Afiliasi/Affiliate Relationship Surat Keputusan Direksi PT BNI Life Insurance Nomor : 023.SK-HRD.0516 tentang Pengangkatan Kepala Divisi Corporate Secretary PT BNI Life Insurance tanggal 2 Mei 2016. Decree of BNI Life Insurance’s Board of Directors Number: 023.SK-HRD.0516 regarding the Appointment of Head of Corporate Secretary of PT BNI Life Insurance dated May 2, 2016. - Corporate Secretary Organization Structure Struktur Organisasi Sekretaris Perseroan Head of Corporate Secretary Hubungan Lembaga & Humas Institution Relations & Public Relations Komunikasi Eksternal External Communications Komunikasi Internal Internal Communications Governance, Data & Informasi Governance, Data & Information Data & Informasi Data & Information Pemantauan GCG GCG Monitoring Library & Adm Support Kesekertariatan Secretarial Koordinator Sekretaris Secretary Coordinator Pengkajian & Kerumahtanggaan Assessment & Household Stakeholder Partnership Stakeholder Meeting Management Stakeholder Meeting Pengelolaan Stakeholder Meeting BOC Secretary Checking & Monitoring Tugas dan Tanggung Jawab Sekretaris Perseroan 1. Memantau dan memastikan penyampaian laporan ke OJK, Regulator, lembaga/instansi pemerintah dan pihak-pihak lainnya tepat waktu; 2. Menyiapkan dan memastikan RUPS tahunan dapat dilaksanakan selambat-lambatnya di bulan Juni setiap tahunnya; dan RUPS lainnya sesuai dengan ketentuan yang berlaku; 270 PT BNI Life Insurance | Laporan Tahunan 2017 Corporate Secretary Duties and Responsibilities 1. Monitor and ensure submission of reports to OJK, regulators, government institutions/agencies and other parties in a timely manner; 2. Prepare and ensure the Annual Meeting is convened not later than in the month of June each year; and other GMS in accordance with applicable regulations;
  271. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 3 . Monitor and ensure the Board of Directors and the Board of Commissioners carry out their duties, responsibilities and meetings in accordance with applicable regulations; 4. Manage and store documents related to the Company activities including the Shareholders Register, the GMS documents, minutes of Board of Directors meetings, minutes of Board of Directors and Board of Commissioner joint meetings, and other important Company documents. Laporan Pelaksanaan Tugas Sekretaris Perseroan Pada tahun 2017, Sekretaris Perseroan telah menjalankan tugas dan tanggung jawabnya dengan rincian sebagai berikut: 1. Secara umum pelaporan Perseroan kepada Regulator telah dilakukan sesuai jangka waktu yang telah ditetapkan; 2. Keputusan RUPS Tahunan Tahun Buku 2016 telah yang diselenggarakan pada tanggal 16 Maret 2017 pada prinsipnya telah menyetujui 6 (enam) agenda yang diajukan dan dilaksanakan sesuai ketentuan Anggaran Dasar dan peraturan perundang-undangan yang berlaku; 3. Pelaksanaan penyelenggaraan RUPS Luar Biasa telah dilaksanakan sesuai ketentuan perundang-undangan yang berlaku selama tahun 2017 telah dilakukan sebanyak 5 (lima) RUPS Luar Biasa sebagai berikut : a. RUPS Luar Biasa terkait perubahan susunan Direksi dan Dewan Komisaris yang dilakukan melalui Keputusan Edaran Pemegang Saham sebagai pengganti Rapat Umum Pemegang Saham sesuai : »» Akta  No.70   tanggal  19 Mei 2017;. »» Akta No.23 tanggal 9 Agustus 2017; »» Akta No.6 tanggal 5 September 2017; »» Akta No.43 tanggal 27 Desember 2017.  b. RUPS Luar Biasa terkait pengesahan RKAP 2018 yang dilakukan melalui Keputusan Edaran Pemegang Saham sebagai pengganti Rapat Umum Pemegang Saham sesuai Akta No.20 tanggal * Nopember 2017 Corporate Secretary Report on Duties Implementation In 2017, the Corporate Secretary has performed its duties and responsibilities with the following details: 1. In general, the Company’s reporting to the Regulator has been conducted within the stipulated period; 2. The Decisions of Annual GMS the 2016 Fiscal Year that was held on March 16, 2017 in principle has approved 6 (six) agendas submitted and implemented in accordance with provisions of the Articles of Association and prevailing laws and regulations: 4. Keputusan Direksi atau Dewan Komisaris pada prinsipnya telah sesuai dengan Anggaran Dasar Perseoran dengan memperhatikan prinsip-prinsip Good Corporate Governance; 5. Pengelolaan dan pengadministrasian Daftar Pemegang Saham, dokumen RUPS, risalah rapat Direksi, risalah rapat gabungan antara Direksi dengan Komisaris, dan dokumen-dokumen Perseroan yang penting lainnya secara umum telah terdokumentasi dengan baik; 6. Akses Informasi pencapaian kinerja Perseroan, penghargaan yang diraih Perseroan, concern manajemen disosialisasikan kepada seluruh karyawan Perseoran melalui penyelenggaraan Townhall Perseoran yang diselenggarakan setiap 3 bulan maupun melalui CEO Message secara periodik. 7. Sekretaris Perseroan senantias berupaya menjalan hubungan baik dengan media massa, khususnya media cetak (majalah, surat kabar). Selama tahun 2017 telah menerbitkan 12 (dua belas) press release mengenai kinerja dan kegiatan Perseroan antara lain: 4. Decisions of Board of Directors or Board of Commissioners are in principle in conformity with the Company’s Articles of Association by taking into account the principles of Good Corporate Governance; 5. The management and administration of the Shareholder Register, GMS documents, minutes of Board of Directors meetings, minutes of joint meetings between the Board of Directors and Commissioners, and other important Company documents are generally well documented; 6. Information Access on the Company’s performance, awards, management concerns are socialized to all employees of the Company through Townhall held every 3 months or through CEO Message periodically. Corporate Governance 3. Memantau dan memastikan Direksi dan Dewan Komisris melaksanakan tugas, tanggung jawab dan rapat sesuai dengan ketentuan yang berlaku; 4. Mengelola dan menyimpan dokumen yang terkait dengan kegiatan Perseroan meliputi Daftar Pemegang Saham, dokumen RUPS, risalah rapat Direksi, risalah rapat gabungan antara Direksi dengan Komisaris, dan dokumen-dokumen Perseroan yang penting lainnya. 3. Execution of Extraordinary GMS has been conducted in accordance with the provisions of applicable laws and regulations in 2017, and has been conducted as many as 5 (five) Extraordinary GMS as follows: a. Extraordinary GMS related to changes in the Board of Directors and Board of Commissioners composition, conducted through Circular Decision of Shareholders as a substitute of General Meeting of Shareholders pursuant to: »» Deed No.70 dated May 19, 2017; »» Deed No.23 dated August 9, 2017; »» - Deed No. 6 dated September 5, 2017; »» - Deed No.43 dated December 27, 2017. b. Extraordinary GMS related to the approval of 2018 RKAP, conducted through Circular Decision of Shareholders as a substitute of General Meeting of Shareholders pursuant to Deed No.20 dated November *, 2017 7. Corporate Secretary strives to maintain good relations with the mass media, especially print media (magazines, newspapers). During 2017, 12 (twelve) press releases has been issued regarding the performance and activities of the Company, among others: Annual Report 2017 | PT BNI Life Insurance 271
  272. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Judul Tanggal No Date Distribusi Title Distribution TATA KELOLA PERUSAHAAN 1 13 Januari 2017 January 13 , 2017 BNI Life Peduli Pidie Jaya BNI Life’s Concern to Pidie Jaya Media Nasional & Ekonomi National & Economy Media 2 19 Februari 2017 February 19, 2017 BNI Life Salurkan Dana CSR Untuk Korban Longsor Singaraja Bali BNI Life Distributed CSR Funds for Bali Singaraja Landslide Victims Media Nasional & Ekonomi National & Economy Media 3 23 Maret 2017 March 23, 2017 BNI Life Optimistis Raih Pertumbuhan Tahun 2017 Perseroan berkomitmen untuk mengembangkan bisnis di Kalimantan Timur BNI Life’s Optimism to Achieve Growth in 2017 The Company is committed to developing its business in East Kalimantan Media Nasional & Ekonomi National & Economy Media 4 2 Mei 2017 May 2, 2017 BNI Life Serahkan Polis Asuransi Jiwa Kepada Pemenang Inacraft Award 2017 BNI Life Gave Life Insurance Policy to the Winner of 2017 Inacraft Award Media Nasional & Ekonomi National & Economy Media 5 11 Mei 2017 May 11, 2017 BNI Life Serahkan Hadiah “Amazing Ride Program” BNI Life Awarded "Amazing Ride Program" Media Nasional & Ekonomi National & Economy Media 6 23 Juli 2017 July 23, 2017 Rayakan Hari Anak Nasional | Berani Bermimpi, untuk bekal hidup di masa depan Celebrate National Children's Day | Dare to Dream, for better life in the future Media Nasional & Ekonomi National & Economy Media 7 16 Agustus 2017 August 16, 2017 BNI Life Dukung Konser “Twilite Orchestra - Mimpi Anak Negeri” BNI Life Supported "Twilite Orchestra – Dream of the Children of the Country " Concert Media Nasional & Ekonomi National & Economy Media 8 25 September 2017 September 25, 2017 BNI LIFE BERBAGI BEKAL SEHAT DAN KICK OFF KAMPANYE #SiapkanBekalnya BNI LIFE SHARE HEALTHY PACKED MEAL AND KICK OFF CAMPAIGN #SiapkanBekalnya Media Nasional & Ekonomi National & Economy Media 9 8 November 2017 November 8, 2017 BNI Life Santuni Anak Korban Kejahatan di Pematang Siantar BNI Life Gave Donations to Child Victims of Crime in Pematang Siantar Media Nasional & Ekonomi National & Economy Media 10 24 November 2017 November 24, 2017 11 28 November 2017 November 28, 2017 Peringati HUT ke 21, BNI Life Ajak Generasi Siap Indonesia Siapkan Bekal Masa Depan Commemorating the 21st Anniversary, BNI Life Invites Indonesian Ready Generation to Prepare Better Future Media Nasional & Ekonomi National & Economy Media 12 29 November 2017 November 29, 2017 BNI Life Peduli dan Memberikan Penghargaan Asuransi PAYDI Kepada Pahlawan Olahraga Indonesia Menyambut Asian Games 2018  BNI Life Cared and Gave PAYDI Insurance Award To Indonesia Sports Hero in Welcoming the 2018 Asian Games Media Nasional & Ekonomi National & Economy Media Pertumbuhan Profit BNI Life Meningkat 92% BNI Life's Profit Growth Increased 92% Program Pengembangan Sekretaris Perseroan Dalam rangka mengembangkan kapasitas dan kompetensinya untuk mendukung pelaksanaan tugas dan tanggung jawabnya, Sekretaris Perseroan mengikuti pelatihan/workshop/seminar baik yang diselenggarakan di internal Perseroan maupun oleh pihak ketiga. No Nama Name Media Nasional & Ekonomi National & Economy Media Corporate Secretary Development Program In order to develop its capacity and competencies to support the implementation of its duties and responsibilities, the Corporate Secretary attends training/workshops/seminars both held internally by the Company and by third parties. Judul Pelatihan Training Name 272 PT BNI Life Insurance | Laporan Tahunan 2017 Waktu & Tempat Date & Location PPM Manajemen DPS & KNKG 26 Oktober 2017, Jakarta October 26, 2017, Jakarta Strategic Employee Engagement (Head Of Division) Blessing White 3 - 4 Maret 2017, Jakarta March 3-4, 2017, Jakarta Follow Up & evaluation : Leader Role in Emp Engagement  Training Blessing White 7 & 18 April 2017, Jakarta April 7 & 18, 2017, Jakarta Risk Management For Leader batch 2 STMA Trisakti & LSP MKS 25-26 Agustus 2017 & 29 Agustus 2017, Jakarta August 25-26, 2017 & August 29, 2017, Jakarta Sharing Session From BOC & SA to Leaders PT BNI Life Insurance 5 Desember 2017, Jakarta December 5, 2017, Jakarta Subsidiary governance dalam konteks holdingisasi BUMN dan trend aksi korporasi 1 Organizer 13-14 September 2017, Jakarta September 13-14, 2017, Jakarta Finon 2 : Profit Planning & Capital Budgeting Arry Herwindo Wildan Penyelenggara Subsidiary Governance in the context of SOE holding and corporate action trend
  273. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Judul Pelatihan Nama No Name Pelatihan Kepatuhan kepada Perseroan Anak (POJK No12/ POJK.01/2017; UU No.9 thn2017; GCG; Profil Risiko) 3 4 5 6 Asep Kurnia Sudrajat Tati Nurlela Frisca Magdalena Tobing Nova Fajarwaty Maretta Keyti Faraswati Tamara Bakti Prastya Siswanto 9 Putri Kartika Untiani 10   11 Shaumi Rahmanindya Hidayat Awang Suryotejo Date & Location 12 Desember 2017,Jakarta December 12, 2017, Jakarta Employee Engagement For Leader Batch Blessing White 4 -5 April 2017, Jakarta April 4-5, 2017, Jakarta Leadership Communication Batch 5 For MGR Cici Resti Consulting 9-10 November 2017, Jakarta November 9-10, 2017, Jakarta Employee Engagement For Leader Batch 6 Blessing White 4 -5 April 2017, Jakarta April 4-5, 2017, Jakarta Leadership Communication batch 1 For MGR Cici Resti Consulting 5-6 Oktober 2017, Jakarta October 5-6, 2017, Jakarta Insurance Market Overview 2018 McHudson 3 November 2017, Jakarta November 3, 2017, Jakarta Insurance Outlook 2018 Media Asuransi 16 November 2017, Jakarta PKPA FHP Edulaw 18 November-23 Desember 2017, Jakarta November 18-December 23, 2017, Jakarta Pelatihan Kepatuhan kepada Perseroan Anak (POJK No12/ POJK.01/2017; UU No.9 thn2017; GCG; Profil Risiko) Compliance Training to Subsidiaries (POJK No.12/POJK.01/2017; Law No.9 of 2017; GCG; Risk Profile) Bank BNI 11 Desember 2017, Jakarta December 11, 2017, Jakarta Managing Profesional Growth  : For AMGR & SAMGR Batch 3 Blessing White 2 - 3 Mei 2017, Jakarta May 2-3, 2017, Jakarta Finance For Non Finance Batch M-Knows Consulting 19-20 Oktober 2017, Jakarta October 19-20, 2017, Jakarta 7th Indonesia Secretary Summit Sekretaris Pro 20-21 April 2017, Jakarta April 20-21, 2017, Jakarta Sosialiasi Memo Memo Socialization Corporate Secretary 21 maret 2017, Jakarta March 21, 2017, Jakarta Sosialiasi Memo Memo Socialization Corporate Secretary 21 maret 2017, Jakarta March 21, 2017, Jakarta PT BNI Life Insurance 3 Mei 2017, Jakarta May 3, 2017, Jakarta PT BNI Life Insurance 10 Mei 2017, Jakarta May 10, 2017, Jakarta Corporate Secretary 21 maret 2017, Jakarta March 21, 2017, Jakarta Sosialisasi Memo Memo Socialization PT BNI Life Insurance 21 maret 2017, Jakarta March 21, 2017, Jakarta Emotional Intelligent Training - Batch 3 PT BNI Life Insurance 1 Agustus 2017, Jakarta August 1, 2017, Jakarta Manajemen Umum Dana Pensiun (MUDP) Pension Plan General Management (MUDP) Asosiasi Dana Pensiun Indonesia 24-27 Juli 2017, Jakarta July 24-27, 2017, Jakarta EB Special Forces Batch 1 – PSAK PT BNI Life Insurance 27 Januari 2017, Jakarta January 27, 2017, Jakarta EB Special Forces Batch 3 - Investment knowledge PT BNI Life Insurance 9 Februari 2017, Jakarta February 9, 2017, Jakarta EB Special Forces Batch 4 - Validasi Investment K PT BNI Life Insurance 14 Februari 2017, Jakarta February 14, 2017, Jakarta EB Special Forces Batch 5 - Accounting Treatment PT BNI Life Insurance 21 Februari 2017, Jakarta February 21, 2017, Jakarta EB Special Forces Batch 6 - Program saving PT BNI Life Insurance 28 Februari 2017, Jakarta February 28, 2017, Jakarta EB Special Forces Batch 7 - Accounting Treatment PT BNI Life Insurance 16 Juni 2017, Jakarta June 16, 2017, Jakarta Induction Batch 2 PT BNI Life Insurance 17 Mei 2017, Jakarta May 17, 2017, Jakarta BPP IT Socialization Training DPLK DPLK Training 8 Waktu & Tempat Bank BNI Compliance Training to Subsidiaries (POJK No.12/POJK.01/2017; Law No.9 of 2017; GCG; Risk Profile) Sosialisasi BPP IT 7 Organizer Sosialiasi Memo Memo Socialization Annual Report 2017 | PT BNI Life Insurance Corporate Governance 2 Penyelenggara Training Name 273
  274. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN 274 SATUAN KERJA INTERNAL AUDIT INTERNAL AUDIT UNIT Audit Internal adalah suatu kegiatan pemberian keyakinan (assurance) dan konsultansi yang bersifat independen dan obyektif, dengan tujuan untuk meningkatkan nilai dan memperbaiki operasional Perseroan, melalui pendekatan yang sistematis, dengan cara mengevaluasi dan meningkatkan efektivitas manajemen risiko, pengendalian, dan proses tata kelola Perseroan. Internal Audit is an activity providing assurance and independent and objective consultancy, with the aim to increase the value and improve the operations of the Company, through a systematic approach, by evaluating and improving the effectiveness of Company’s risk management, control, and governance processes. Aktivitas internal audit adalah bagian dari proses Tata Kelola Perseroan yang memberikan jaminan atas sistem pengendalian internal, efektivitas dan efisiensi operasi, ketaatan terhadap aturan dan perundang-undangan yang berlaku serta ketepatan dan kehandalan pelaporan. The internal audit activity is part of the Corporate governance process that provides assurance on the internal control system, the effectiveness and efficiency of operations, compliance with the rules and regulations in force, as well as reporting accuracy and reliability. Fungsi Internal Audit di Perseroan dijalankan oleh Divisi Internal Audit yang tertuang dalam Surat Keputusan Direksi No. 0077.SK.BL. DIR.1110 tanggal 3 November 2010 sebagaimana telah diubah terakhir melalui Risalah Rapat Direksi pada 21 September 2011, bahwa Satuan Kerja Internal Audit berada di bawah Direktur Utama. The Internal Audit Function in the Company is run by the the Internal Audit Division as set forth in Board of Directors Decree No. 0077.SK.BL.DIR.1110 dated November 3, 2010, as last amended by the Board of Directors Meeting Minutes on September 21, 2011, stating that the Internal Audit Unit is under the President Director. Pengangkatan, penggantian, atau pemberhentian Kepala Satuan Kerja Internal Audit dilakukan oleh Direktur Utama dengan persetujuan Dewan Komisaris yang selanjutnya dilaporkan ke OJK. The appointment, replacement or dismissal of Head of Internal Audit Unit shall be conducted by the President Director with the approval of the Board of Commissioners, which is subsequently reported to OJK. Piagam Internal Audit Berdasarkan Peraturan Bapepam No.IX.I.7 tentang Pembentukan dan Pedoman Penyusunan Piagam Satuan Kerja Internal Audit yang diperbaharui melalui Peraturan Otoritas Jasa Keuangan No. 56/ POJK.04/2015 Tentang Pembentukan Dan Pedoman Penyusunan Piagam Satuan Kerja Internal Audit, Perseroan telah memiliki Piagam Internal Audit (Internal Audit Charter) sebagaimana ditetapkan oleh Direktur Utama dan Komisaris Utama pada 10 Mei 2012. Internal Audit Charter Based on Bapepam Regulation No.IX.I.7 on the Internal Audit Charter Establishment and Guidelines renewed by Otoritas Jasa Keuangan Regulation No. 56/POJK.04/2015 on the Internal Audit Charter Establishment and Guidelines Preparation, the Company has an Internal Audit Charter as determined by the President Director and President Commissioner on May 10, 2012. Piagam Internal Audit merupakan pedoman agar Satuan Kerja Internal Audit dapat melaksanakan tugas dan tanggung jawabnya secara kompeten, independen dan dapat dipertanggungjawabkan sehingga dapat diterima oleh semua pihak yang berkepentingan. Piagam dimaksud mengatur berbagai hal yang terkait dengan Internal Audit, diantaranya: The Internal Audit Charter is a guideline for the Internal Audit Unit to carry out their duties and responsibilities in a competent, independent and accountable way, so that it can be accepted by all concerned parties. The Charter regulates matters relating to Internal Audit, including: • • • • • • • • • • • • Visi dan Misi Tujuan dan Ruang Lingkup Kegiatan Internal Audit Independensi & Objektivitas Internal Audit Tugas Pokok dan Kewajiban Internal Audit Wewenang Perlindungan Hukum kepada Pemimpin dan Pegawai Internal Audit. Vision and mission Internal Audit Activity Purposes and Scope Internal Audit Independency and Objectivity Internal Audit Main Duties and Responsibilities Authorities Legal Protection for Internal Audit Managers and Employees. Piagam Internal Audit direview secara periodik agar pelaksanaan Internal Audit senantiasa berada pada tingkat yang optimal. The Internal Audit Charter is reviewed periodically so that Internal Audit implementation is always at an optimal level. Struktur dan Kedudukan Satuan Kerja Internal Audit Kedudukan Satuan Kerja Internal Audit: 1. UIA adalah divisi dalam Perseroan yang membantu Direktur Utama Internal Audit Unit Structure and Position. Internal Audit Unit Position: 1. The IAU is a division within the Company that helps the President PT BNI Life Insurance | Laporan Tahunan 2017
  275. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Director and the Audit Committee in carrying out oversight functions to secure investments and assets of the Company . 2. The IAU is headed by a Maneger who is directly responsible to the President Director. 3. The IAU position is that the internal examiner is able to express their views and thoughts without any influence or pressure from management or other parties. Posisi Unit Internal Audit pada Struktur Organisasi Perseroan Internal Audit Unit Position in the Company’s Organization Structure 4. The IAU is directly responsible to Board of Directors and collaborates with the External Auditors in performing their duties. The External Auditor and IAU results are used by the Company’s Audit Committee to carry out their evaluation tasks. Corporate Governance dan Komite Audit dalam menjalankan fungsi pengawasan untuk mengamankan investasi dan aset Perseroan. 2. UIA dipimpin oleh seorang Pemimpin UIA yang bertanggung jawab langsung kepada Direktur Utama. 3. Kedudukan UIA harus ditempatkan sedemikian rupa sehingga pemeriksa intern mampu mengungkapkan pandangan dan pemikirannya tanpa pengaruh ataupun tekanan dari manajemen atau pihak lain. 4. UIA secara langsung bertanggung jawab kepada Direksi dan bekerja sama dengan Auditor Eksternal dalam melakukan tugasnya. Hasil kerja UIA dan Auditor Eksternal digunakan oleh Komite Audit Perseroan untuk tugas penelaahannya. Dewan Komisaris Board Of Commissioners Komite Audit Audit Committee Direktur Utama President Directors Unit Audit Internal Internal Audit Unit Internal Audit Unit Organization Char Bagan Organisasi Unit Internal Audit POST OF MANPOWER internal Audit INTERNAL AUDIT Audit Planning, Monitoring, and Development Audit Operation and Services Audit Planning, Monitoring and Development (PMD) Audit Planning and Development (APD) Audit Distribution and Marketing (ADM) Audit Insurance Administration (AIA) Audit Finance And Valuation (AFV) Auditor Auditor Auditor Audit Penunjang (Ape) Audit Quality Control and Monitoring (QCM) Counterpatry Annual Report 2017 | PT BNI Life Insurance 275
  276. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Head of Internal Audit Unit Profile Profil Pimpinan Divisi Audit Intern TATA KELOLA PERUSAHAAN Nama Name Albert J . Rotinsulu Jabatan Position Kepala Divisi Satuan Pengawasan Intern Head of Internal Audit Kewarganegaraan Nationality Indonesia Usia Age 45 Tahun 45 years old Domisili Domicile Bogor Pendidikan Education • • • • Sarjana Matematika, Institut Pertanian Bogor, lulus tahun 1998 Pascasarjana MM-Aktuaria, Universitas Indonesia, lulus tahun 2000 Bachelor of Mathematics, Bogor Agricultural University, 1998 Master of MM-Actuary, University of Indonesia, 2000 Riwayat Pekerjaan Employment History • • Head of Corporate Planning, 2016 Head of Internal audit, 201 Rangkap Jabatan Concurrent Position Tidak ada rangkap jabatan No concurrent positions Pelatihan di tahun 2017 Training in 2017 QCRO (Qualified Chief Risk Officer) SK Pengangkatan Appointment Letter Hubungan Afiliasi Affiliate Relationship SK OJK No. S-4124/NB.III/2017, tanggal 31 Agustus 2017 SK Direksi No. 090.SK-HC.0817 tanggal 23 Agustus 2017 OJK Decree No. S-4124/NB.III/2017, dated August 31, 2017 Board of Directors Decree No. 090.SK-HC.0817 dated August 23, 2017 Tidak ada hubungan Afiliasi No affiliation relationship Pihak Yang Mengangkat dan Memberhentikan Kepala Unit Internal Audit Kepala Unit Internal Audit diangkat dan diberhentikan oleh Direktur Utama dengan persetujuan Dewan Komisaris. Untuk mendukung independensi dan menjamin kelancaran audit serta wewenang dalam memantau tindak lanjut atas hasil audit, maka Kepala Unit Internal Audit dapat berkomunikasi langsung dengan Dewan Komisaris dan Komite Audit untuk menginformasikan berbagai hal yang berhubungan dengan audit. Pemberian informasi tersebut harus dilaporkan kepada Direktur Utama. Party Incharge of Internal Audit Head Appointment and Dismissal The Internal Audit Unit Head is appointed and dismissed by the President Director. To support and ensure the smooth audit Independency and authority in monitoring the follow-up of audit results, the Internal Audit Unit Head can communicate directly with the Board of Commissioners and the Audit Committee to inform on a wide range of matters relating to the audit. Such information should be reported to the President Director. Jumlah Personil, Kualifikasi Serta Sertifikasi Personil Unit Internal Audit Pada 31 Desember 2017, unit Audit Internal didukung oleh 7 (tujuh) orang auditor dengan kualifikasi sebagai berikut: Internal Audit Unit Number of Personnel, Qualification And Certification As of December 31, 2017, the Internal Audit unit is supported by 7 (seven) auditors with the following qualifications: Nama Name 276 Jabatan Position Pengalaman Kerja Working Experience Sertifikasi Profesi yang Dimiliki Professional Certification Albert J. Rotinsulu Head of Internal Audit Corporate Planning QCRO, AAAIJ Cecep Firmansyah Senior Auditor Corporate Planning AAAIJ, AAK Hesty Purwanty Senior Auditor Claim & Provider CLI Prijono Budi Susilo Senior Auditor Pos, Collection & Business Consevation AAAIJ, CFP Anton Adhiarto Senior Auditor Employee Benefit LSPDP (Lembaga Sertifikasi Profesi Dana Pensiun| Professional Pension Fund Certification Institution), AAAK Fanie Rachmalia Junior Auditor Underwriting & Customer Services AAAIJ, QIA Eirwansyah Junior Auditor Pos, Collection & Business Consevation CLI Hari Sundoro Junior Auditor Underwriting & Customer Services CLI PT BNI Life Insurance | Laporan Tahunan 2017
  277. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Internal Audit Code of Conduct Sebagai suatu profesi , ciri utama auditor internal adalah kesediaan menerima tanggung jawab terhadap kepentingan-kepentingan pihakpihak yang dilayani. Agar dapat mengemban tanggung jawab ini secara efektif, auditor internal perlu memelihara standar perilaku yang tinggi. Oleh karenanya, perlu ditetapkan Kode Etik bagi para auditor internal. As a profession, the main feature of internal auditor is the willingness to accept responsibility for the interests of the parties served. In order to effectively assume this responsibility, internal auditor needs to maintain high standards of conduct. Therefore, it is necessary to establish a Code of Conduct for internal auditor. PENERAPAN IMPLEMENTATION Kode Etik ini memuat standar perilaku sebagai pedoman bagi seluruh auditor internal. Standar perilaku tersebut membentuk prinsip-prinsip dasar dalam menjalankan praktik audit internal. Para auditor internal wajib menjalankan tanggung jawab profesinya dengan bijaksana, penuh martabat, dan kehormatan. Dalam menerapkan Kode Etik ini, auditor internal harus memperhatikan peraturan perundang-undangan yang berlaku. This Code of Conduct contains standards of conduct as a guide for all internal auditors. These standards of behavior form the basic principles in carrying out internal audit practices. Internal auditors are obliged to carry out their professional responsibilities wisely, with dignity and honor. In applying this Code, internal auditors should take into account the applicable laws and regulations. Pelanggaran terhadap standar perilaku yang ditetapkan dalam Kode Etik ini dapat mengakibatkan dicabutnya auditor internal dari Unit Internal Audit dan organisasi profesinya. Violation of the standard of conduct set out in this Code may result in the withdrawal of the internal auditor from Internal Audit Unit and its professional organization. STANDAR PERILAKU AUDITOR INTERNAL 1. Auditor internal harus menunjukkan kejujuran, objektivitas, dan kesungguhan dalam melaksanakan tugas dan memenuhi tanggung jawab profesinya. 2. Auditor internal harus menunjukkan loyalitas terhadap organisasinya atau terhadap pihak yang dilayani. Namun demikian, auditor internal tidak boleh secara sadar terlibat dalam kegiatankegiatan yang menyimpang atau melanggar hukum. 3. Auditor internal tidak boleh secara sadar terlibat dalam tindakan atau kegiatan yang dapat mendiskreditkan profesi audit internal atau mendiskreditkan organisasinya. 4. Auditor internal harus menahan diri dari kegiatan-kegiatan yang dapat menimbulkan konflik dengan kepentingan organisasinya; atau kegiatan-kegiatan yang dapat menimbulkan prasangka, yang meragukan kemampuannya untuk dapat melaksanakan tugas dan memenuhi tanggung jawab profesinya secara objektif. 5. Auditor internal tidak boleh menerima imbalan dalam bentuk apapun dari karyawan, klien, pelanggan, pemasok, ataupun mitra bisnis organisasinya, sehingga dapat mempengaruhi pertimbangan profesionalnya. 6. Auditor internal hanya melakukan jasa-jasa yang dapat diselesaikan dengan menggunakan kompetensi profesional yang dimilikinya. 7. Auditor internal harus mengusahakan berbagai upaya agar senantiasa memenuhi Standar Audit, kebijakan Perseroan dan peraturan perundangan. 8. Auditor internal harus bersikap hati-hati dan bijaksana dalam menggunakan informasi yang diperoleh dalam pelaksanaan tugasnya. Auditor internal tidak boleh menggunakan informasi rahasia (i) untuk mendapatkan keuntungan pribadi, (ii) melanggar hukum, atau (iii) yang dapat menimbulkan kerugian terhadap organisasinya. 9. Dalam melaporkan hasil pekerjaannya, auditor internal harus mengungkapkan semua fakta-fakta penting yang diketahuinya, INTERNAL AUDITOR CONDUCT STANDARDS 1. Internal auditors must demonstrate honesty, objectivity, and sincerity in performing their duties and fulfilling their professional responsibilities. Corporate Governance TUJUAN 2. Internal auditors must show loyalty to the organization or to the party served. However, internal auditors should not be consciously involved in activities that are distorted or illegal. 3. Internal auditors should not be consciously involved in actions or activities that may discredit the internal audit profession or discredit the organization. 4. Internal auditors should refrain from activities that may conflict with the interests of the organization; or prejudicial activities, which doubt their ability to perform duties and fulfill professional responsibilities objectively. 5. Internal auditors shall not receive any kind of remuneration from any employee, client, customer, supplier, or business partner of their organization, so as to affect their professional judgment. 6. Internal auditors only perform services that can be completed by using the professional competencies that they have. 7. Internal auditors should endeavor to ensure continuous compliance with the Audit Standards, company policies and laws and regulations. 8. Internal auditors should be cautious and prudent in using the information obtained in the execution of their duties. Internal auditors may not use confidential information (i) to obtain personal gain, (ii) violate any law, or (iii) which may cause harm to the organization. 9. In reporting the results of their work, internal auditors should disclose all important facts within his/her acknowledgement, i.e facts which Annual Report 2017 | PT BNI Life Insurance 277
  278. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN yaitu fakta-fakta yang jika tidak terungkap dapat (i) mendistorsi kinerja kegiatan yang direviu, atau (ii) menutupi adanya praktikpraktik yang melanggar hukum. 10.Auditor internal harus senantiasa meningkatkan keahlian serta efektifitas dan kualitas pelaksanaan tugasnya. Auditor internal wajib mengikuti pendidikan professional berkelanjutan. Tugas dan Tanggung jawab Unit Internal Audit Tugas Pokok Internal Audit: 1. Melaksanakan pemeriksaan rutin sesuai dengan Rencana Audit Tahunan yang telah disetujui oleh Direktur Utama atas aktifitas/ divisi/sumber daya yang ada di Perseroan; 2. Melakukan penilaian dan pemantauan mengenai system pengendalian informasi dan komunikasi untuk memastikan bahwa: a.Informasi penting Perseroan terjamin keamanannya; b.Fungsi sekretariat Perseroan dalam pengendalian informasi dapat berjalan dengan efektif; c. Penyajian laporan-laporan Perseroan memenuhi peraturan perundang-undangan. 3. Melakukan audit sesuai permintaan Direksi dan atau Komisaris atau sebagai tindak lanjut hasil audit umum terhadap suatu obyek atau peristiwa yang diduga mengandung indikasi adanya kelemahan material dari sistem pengendalian internal atau indikasi terjadinya kecurangan (fraud); 4. Memberikan jasa konsultasi kepada pihak intern Perseroan untuk memberikan nilai tambah dan perbaikan terhadap kualitas pengendalian, pengelolaan risiko dan tata kelola Perseroan sepanjang tidak mempengaruhi independensi dan obyektifitas Unit Internal Audit serta tersedianya sumber daya yang memadai. Ruang lingkup pengawasan Unit Internal Audit (UIA) adalah: 1. Unit Internal Audit a.Mengevaluasi bahwa unit internal audit telah didesain secara memadai serta bekerja secara efisien dalam mencapai tujuan dan sasaran atau program organisasi yang telah dicanangkan; b.UIA dapat menggunakan laporan atau komunikasi dengan unit operasional untuk mengidentifikasi kemungkinan adanya kelemahan pengendalian intern; c. Evaluasi Sistem, Pengendalian Intern meliputi desain, implementasi dan efektivitas. 2. Manajemen risiko Memastikan manajemen risiko telah dijalankan, dievaluasi dan telah dikendalikan secara efektif oleh setiap unit operasional yang ada di Perseroan. 3. Kepatuhan dan ketaatan hukum dan peraturan Mengevaluasi ketaatan atau kepatuhan terhadap hukum dan peraturan perundang-undangan yang berlaku, dan kebijakan serta prosedur anggaran dasar Perseroan. 4. Keandalan sistim informasi Mengevaluasi keandalan dan integritas informasi keuangan, operasional dan teknologi informasi yang ada di Perseroan. 5. Perlindungan terhadap aset Perseroan (Safe guarding of asset). Menilai kecukupan sarana-sarana untuk menjaga dan melindungi semua aset dan reputasi Perseroan. 278 PT BNI Life Insurance | Laporan Tahunan 2017 if not revealed might (i) distort the performance of the activity being reviewed, or (ii) cover any unlawful practices. 10.Internal auditors should always improve their skills as well as effectiveness and quality of their duties implementation. Internal auditors are required to follow continuing professional education. Internal Audit Unit Duties and Responsibilities Internal Audit Main Duties: 1. Carry out routine checks in accordance with the Annual Audit Plan that has been approved by the President Director related to the activities/ division/resources that exist in the Company; 2. Assess and monitor information and communication control systems to ensure that: a. Important Company information is secure; b. Company secretariat functions for information control is carried out effectively; c. Presentation of Company’s reports is in line with the legislations. 3. Conduct audit as requested by Board of Directors or Board of Commissioners or as follow-up of general audit results on objects or events that are suspected to contain indications of material weaknesses in the internal control system or indications of fraud; 4. Provide consulting services to the Company’s internal parties to provide added value and improvement of quality control, risk management and corporate governance, to the extent of not influencing the Independency and objectivity of Internal Audit Unit as well as the availability of adequate resources. Internal Audit Unit (IAU) scope of supervision are: 1. Internal Audit Unit a. Evaluate that the internal audit unit has been designed adequately and works efficiently in achieving the planned organization’s purposes and objectives of programs; b. IAU can use reports or communications with operating units to identify possible internal control weaknesses; c. Evaluation System, Internal control covering the design, implementation and effectiveness. 2. Risk management Ensuring risk management has been implemented, evaluated and is effectively controlled by each operating unit in the Company. 3. Compliance and adherence to laws and regulations Evaluating adherence or compliance with laws and regulations in force, and policies and procedures of the Company’s of Articles of Association. 4. Information systems reliability Evaluating the financial information, operational and information technology reliability and integrity in the Company. 5. Safe guarding of the Company’s assets. Assessing the adequacy for keeping and protecting all assets and reputation of the company.
  279. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation 6 . Complaints to the Company (Whistle blower) Monitoring the effectiveness of complaint mechanisms fom employees or third parties carried out by management. 7. Special Assignments Carry out special assignments that are relevant to the scope of their work, such as evaluation, investigation and disclosure of irregularities, fraud and waste in relation to the pursue of achieving goals. Kewajiban auditor internal: 1. Menyusun dan melaksanakan rencana audit internal tahunan; 2. Menguji dan mengevaluasi pelaksanaan pengendalian intern dan sistem manajemen risiko sesuai dengan kebijakan Perseroan; 3. Melakukan pemeriksaan dan penilaian atas efisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, sumber daya manusia, pemasaran, teknologi informasi dan kegiatan lainnya; 4. Memberikan saran perbaikan dan informasi yang objektif tentang kegiatan yang diperiksa pada semua tingkat manajemen; 5. Membuat laporan hasil audit dan menyampaikan laporan tersebut ke Direktur Utama; 6. Memantau, menganalisis, dan melaporkan pelaksanaan tindak lanjut perbaikan yang telah disarankan; 7. Bekerja sama dengan Komite Audit; 8. Menyusun program untuk mengevaluasi mutu kegiatan audit internal yang dilakukannya; dan 9. Melakukan pemeriksaan khusus apabila diperlukan; 10.Memberikan keterangan-keterangan dan saran-saran kepada pimpinan terkait dengan rencana dan hasil audit dan menunaikan tugas kewajiban ini dengan cara-cara yang tidak melanggar aturan etika (code of ethics); 11.Mengkoordinasikan pekerjaannya dengan pihak-pihak lain demi tercapainya sasaran audit dan sasaran organisasi. Obligations of internal auditors: 1. Develop and implement an annual internal audit plan; 2. Examine and evaluate the implementation of internal control and risk management systems in accordance with the Company’s policies; 3. Examine and assess the efficiency and effectiveness of finance, accounting, operations, human resources, marketing, information technology and other activities; 4. Provide suggestions for improvements and information on the activities examined at all levels of management; 5. Prepare the audit report and submit the report to the President Director; Dalam menjalankan pekerjaannya, Auditor internal tidak mempunyai tanggung jawab langsung dan tidak mempunyai wewenang atas pekerjaan-pekerjaan yang sedang ditelitinya. Oleh karena itu, penelitian dan penilaian audit bagaimanapun tidak membebaskan orang lain di dalam organisasi dari tanggung jawab yang dilimpahkan kepadanya. Kebebasan merupakan suatu hal yang mutlak untuk efektivitas internal auditing. Kebebasan ini terutama dapat dicapai dengan kedudukannya dalam organisasi dan obyektivitasnya. In carrying out their work, internal auditor does not have direct responsibility and has no authority over the jobs that are being examined. However, research and audit assessment does not absolve anyone else in the organization from the responsibilities delegated to him/her. Freedom is something that is essential to the effectiveness of internal auditing. This freedom can be achieved primarily by their position in the organization and their objectivity. Wewenang Divisi Internal Audit 1. Melakukan akses secara penuh, bebas dan tidak terbatas terhadap dokumen, pencatatan, personal, informasi atas objek audit yang dilaksanakannya; 2. Melakukan verifikasi, wawancara, konfirmasi dan teknik pemeriksaan lainnya kepada nasabah atau pihak lain berkaitan dengan pelaksanaan audit dan konsultasi; 3. Menggunakan analisis/data pembanding intern atau ekstern dalam pelaksanaan audit terhadap analisis data yang dimiliki audit; 4. Melakukan konfirmasi kepada Direksi dan Dewan Komisaris untuk memperoleh informasi yang dibutuhkan guna mendukung pelaksanaan audit; Internal Audit Division Authorities 1. To have full, free and unlimited access to documents, records, personal, information concerning the audit object being examined; Corporate Governance 6. Pengaduan kepada Perseroan (Whistle blower) Melakukan pemantauan terhadap efektifitas mekanisme pengaduan dari karyawan atau pihak ketiga yang dilakukan oleh manajemen. 7. Penugasan khusus Melaksanakan penugasan khusus yang relevan dengan ruang lingkup pekerjaan tersebut diatas, seperti evaluasi, penyelidikan dan pengungkapan atas penyimpangan, kecurangan dan pemborosan dalam kaitannya dengan pencapaian tujuan. 6. Monitor, analyze, and report on implementation of improvements that have been suggested; 7. Work closely with the Audit Committee; 8. Develop program to evaluate the quality of internal audit activities performed; and 9. Conduct special inspections if necessary; 10.Provide explanations and suggestions to the management associated with the audit plan and results and fulfill these duties in ways that do not violate the code of ethics; 11.Coordinate their duties with other parties to achieve the audit objectives and goals of the organization. 2. To verify, interview, confirm and conduct other examination techniques to customers or other parties related to the audit and consulting; 3. To use the internal or external analysis/comparison data in the audit for audit data analysis; 4. To confirm to the Board of Directors and Board of Commissioners in gaining information needed to support the audit; Annual Report 2017 | PT BNI Life Insurance 279
  280. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation TATA KELOLA PERUSAHAAN 5 . Melakukan komunikasi secara periodik, berkelanjutan dan setiap saat bila diperlukan kepada Direksi, Dewan Komisaris, Komite Audit yang berkaitan dengan pelaksanaan tugas; 6. Menentukan jadwal audit, personil, ruang lingkup dan menggunakan metodologi, teknik, perangkat dan pendekatan audit dalam melaksanakan tugas pokok yang telah ditetapkan; 7. Meminta bantuan dari divisi lain atau pihak ekstern dalam pelaksanaan audit apabila dipandang perlu. 5. To conduct periodic, sustainable communication at any time when necessary to the Board of Directors, the Board of Commissioners, the Audit Committee relating to the implementation of duties; 6. To determine the audit schedule, operation, scope and methodology, techniques, tools and audit approach in implementing the main tasks that have been assigned; 7. Ask for help from other work division or external parties during the audit if deemed necessary. Independensi Auditor Internal Dalam pelaksanaan tugasnya UIA dan auditornya haruslah independen dari aktivitas yang diauditnya untuk dapat melakukan hal ini, maka: 1. Unit Organisasi UIA harus berada langsung dibawah Direktur Utama sehingga bertanggung jawab langsung kepada Direktur Utama. Semua jajaran dalam Perseroan dan divisi lainnya berkewajiban untuk bekerja sama dengan UIA, sehingga memungkinkan pelaksanaan tanggung jawab Audit. 2. Unit Organisasi UIA harus dapat melaksanakan tugas Audit dengan bebas, baik secara organisatoris maupun secara pribadi terhadap Auditee dan organisasinya. Dengan demikian dapat memberikan pendapat penting yang tidak memihak dan tidak berprasangka dalam pelaksanaan dan pelaporan hasil Audit. 3. Unit Organisasi UIA harus dapat bersikap obyektif yaitu jujur terhadap diri sendiri serta yakin bahwa hasil kerjanya dapat diandalkan, dipercaya dan bebas dari pengaruh pihak-pihak lain. 4. Untuk itu tidak boleh mengesampingkan pertimbanganpertimbangan obyektif yang ditemui dalam tugas Auditnya. 5. Unit Organisasi UIA harus menjaga integritas yaitu tidak memanfaatkan informasi yang diperoleh untuk kepentingan pribadi atau hal-hal yang patut diduga dapat disalahgunakan baik oleh dirinya sendiri atau oleh pihak lain yang tidak berhak. Internal Auditor Independency In performing their duties, IAU and the auditors must be independent from the activities audited. To be able to do this, then: 1. IAU Units should be directly under the President Director and be directly responsible to the President Director. All levels within the Company and other division are obliged to cooperate with IAU, thus allowing the implementation of the Audit. Laporan Pelaksanaan Tugas Unit Audit Internal 2017 Pada periode tahun 2017, Internal Audit melaksanakan pemeriksaan sesuai dengan Rencana Audit Tahunan, yaitu pemeriksaan terhadap aktivitas pengadaan barang dan jasa, aktivitas pemasaran, aktivitas keuangan & akuntansi, aktivitas akseptasi dan administrasi polis, dan manajemen klaim. Pemeriksaan ini meliputi seluruh unit terkait sesuai dengan bisnis proses Perseroan. Selain itu, Internal Audit juga melakukan audit khusus sesuai dengan permintaan Direksi. Internal Audit Unit Report on 2017 Duties Implementation In 2017, the Internal Audit carried out examinations, in accordance with the Annual Audit Plan, which included examination of goods and services procurement, marketing, finance and accounting, policy acceptances and administration, and claim management activities. The examinations covered all relevant units, in accordance with the Company’s business processes. In addition, Internal Audit also conducted special audits as requested by Board of Directors. Pada tahun 2017, Unit Internal Audit mempunyai rencana kerja dan realisasi hasil audit sebagai berikut: In 2017, the work plan and realization of audit results of Internal Audit Unit were as follows: Jenis Audit No 280 Type of Audit 2. IAU Units should be able to freely carry out audit tasks, both organizationally and personally with the auditee and the organization. Therefore, they can provide important opinions that are not biased or prejudiced in the reporting of audit results. 3. IAU Units should be able to be objective, i.e. true to themselves, and be sure that their work is reliable, trustworthy and free from the influence of other parties. 4. To this, they must not override encountered objectives in their audit duties. 5. IAU Units must maintain their integrity and not use the information obtained for personal interests or things reasonably suspected to be abused either by themselves or by others who are not eligible. Prosentase Pencapaian Percentage of Accomplishment 1 MANAJEMEN KLAIM CLAIM MANAGEMENT 100% 2 PERTANGGUNGJAWABAN UANG MUKA CASH ADVANCE ACCOUNTABILITY 100% 3 PEREKRUTAN DAN PENEMPATAN PEGAWAI EMPLOYEE RECRUITMENT AND PLACEMENT 100% 4 PELATIHAN PEGAWAI EMPLOYEES TRAINING 100% 5 PROGRAM MARKETING NEW KPM INCENTIVE MARKETING PROGRAM “NEW KPM INCENTIVE” 100% PT BNI Life Insurance | Laporan Tahunan 2017
  281. Peningkatan PeningkatanKualitas KualitasPenerapan PenerapanGcg Gcg Quality QualityImprovement Improvementof ofGcg Gcg Implementation Program Kerja Unit Audit Internal tahun 2018 Internal Audit Unit 2018 Work Program Jenis Audit No Rencana Pelaksanaan Type of Audit Implementation Plan Februari – Juli 2018 February – July 2018 2 AUDIT BISNIS GROUP HEALTH. AUDIT ON GROUP HEALTH BUSINESS. Februari – Juni 2018 February – June 2018 3 AUDIT AKSEPTASI DAN ADMINISTRASI POLIS. AUDIT ON POLICY ACCEPTATION AND ADMINISTRATION. Juli – Agustus 2018 July – August 2018 4 AUDIT UNIT SYARIAH SECARA MENYELURUH. AUDIT ON OVERALL SHARIA UNITS. Februari – Desember 2018 February – December 2018 5 AUDIT PELAKSANAAN PROSEDUR ANTI PENCUCIAN UANG DAN PENDANAAN TERORIS. AUDIT ON THE IMPLEMENTATION OF ANTI MONEY LAUNDERING PROCEDURES AND TERRORIST FINANCING. April – Juni 2018 April - June 2018 6 AUDIT TERHADAP SISTEM PENGENDALIAN INFORMASI DAN KOMUNIKASI PERUSAHAAN. AUDIT ON CORPORATE INFORMATION AND COMMUNICATION CONTROL SYSTEM. Juli – Agustus 2018 July - August 2018 Pengembangan Kompetensi Auditor Dalam rangka meningkatkan pengetahuan dan pemahaman untuk membantu pelaksanaan tugasnya, dalam 2017 auditor Perseroan mengikuti pendidikan dan/atau pelatihan sebagai berikut: Nama Hesty Purwaningsih Leadership Communication Fanie Rachmalia Organizer Waktu & Tempat Time & Place CRC Learning Consultant 09 - 10 Oktober 2017, Hotel Ibis Slipi – Jakarta October 09 – 10, 2017, Ibis Slipi Hotel - Jakarta Pro-Legal 23 - 24 Januari 2017, Jakarta January 23 – 24, 2017, Jakarta Refreshment Auditor SPI BNI: Perbankan Syariah. Refreshment Auditor SPI BNI: Syariah Banking SPI BNI 25 - 26 Januari 2017, Jakarta January 25 – 26, 2017, Jakarta QIA Dasar II QIA Basic II YPIA (Yayasan Pendidikan Internal Audit) YPIA (Foundation for Internal Audit Education) 06 - 17 Maret 2017, Jakarta March 06 – 17, 2017, Jakarta 4 April 2017, Jakarta (Hotel Santika-Slipi) April 4, 2017, Jakarta (Santika Hotel -Slipi) Managing Professional Growth Training 2017 (Employee Training Program - Mandatory) Managing Professional Growth Training 2017 (Employee Training Program - Mandatory) Employee Training – BNILife QIA Lanjutan I QIA Advanced I YPIA (Yayasan Pendidikan Internal Audit) YPIA (Foundation for Internal Audit Education) 05 - 16 Juni 2017, Jakarta June 05 – 16, 2017, Jakarta Metodologi Teknik Investigasi dan Pengungkapan KasusKasus Fraud (WS-01). Technical Methodology of Investigation and Disclosure of Fraud Cases (WS-01). Lembaga Pengembangan Fraud Auditing (LPFA) The Fraud Auditing Development Agency (LPFA) 03-04 Agustus 2017, Jogjakarta August 03-04, 2017, Jogjakarta CRC Learning Consultant 16 - 17 Oktober 2017, Hotel Ibis Slipi – Jakarta October 09 – 10, 2017, Ibis Slipi Hotel - Jakarta Leadership Communication Leadership Communication Sunardi Penyelenggara Training Name BNI Life In-House Legal Training Cecep Firmansyah Auditors Competency Development In order to improve knowledge and understanding to assist duties implementation, in 2017 the Company's auditors attended the following education and/or training: Judul Pelatihan Name Corporate Governance 1 AUDIT MENGENAI STRATEGI KEBIJAKAN INVESTASI. AUDIT ON INVESTMENT POLICY STRATEGY. 5 April 2017, Jakarta (Hotel Santika-Slipi) April 5, 2017, Jakarta (Santika Hotel –Slipi) Refreshment Auditor SPI BNI: Perbankan Syariah. Refreshment Auditor SPI BNI: Sharia Banking SPI BNI 17 - 18 Januari 2017, Jakarta January 17 – 18, 2017, Jakarta Refreshment Auditor SPI BNI: Reksadana. Refreshment Auditor SPI BNI: Mutual Funds SPI BNI 19 Januari 2017, Jakarta January 19, 2017, Jakarta Sharing Session Tentang Pelaksanaan Pengadaan Barang dan Jasa. Sharing Session About Procurement of Goods and Services Implementation. Unit PFA - BNI 10 Mei 2017, BNI Life Training Center - KS Tubun - Jakarta. May 10, 2017, BNI Life Training Center - KS Tubun - Jakarta. Pelatihan Fraud Auditing 1 (FA-1) Fraud Auditing Training 1 (FA-1) Lembaga Pengembangan Fraud Auditing (LPFA) The Fraud Auditing Development Agency (LPFA) 12-15 September 2017, Jakarta September 12-15, 2017, Jakarta Pendidikan dan Pelatihan Audit Intern Tingkat Manajerial (QIA). Managerial Level Internal Audit Education and Training (QIA). YPIA (Yayasan Pendidikan Internal Audit) YPIA (Foundation for Internal Audit Education) 20-Feb s/d 01-Mar 2017, Jakarta Feb 20 to Mar 01, 2017, Jakarta Psikologi dan Komunikasi Dalam Audit Psychology and Communication In Audit YPIA (Yayasan Pendidikan Internal Audit) YPIA (Foundation for Internal Audit Education) 4 - 6 Oktober 2017, Jakarta October 4 – 6, 2017, Jakarta Annual Report 2017 | PT BNI Life Insurance 281
  282. Peningkatan Kualitas Penerapan Gcg Gcg Quality Improvement of Gcg Implementation Gcg Implementation Nama Judul Pelatihan Name Finance for Non Financial Training TATA KELOLA PERUSAHAAN Hari Sundoro 282 Organizer M-Knows Consultant Waktu & Tempat Time & Place 20 - 21 April 2017, BNI Life Training Center - KS Tubun - Jakarta. April 20 – 21, 2017, BNI Life Training Center - KS Tubun - Jakarta. Managing Professional Growth - Employee Engagement (for Leader) BESSINGWHITE 2 - 3 Mei 2017, Hotel Santika – Jakarta May 2 – 3, 2017, Hotel Santika - Jakarta Cascading and Establish the Key Performance Indicator. PungkiPurnadi&Assosiate 9 Mei 2017, BNI Life Training Center - KS Tubun - Jakarta. May 9, 2017, BNI Life Training Center - KS Tubun - Jakarta COSO 2013: Implementing the Framework. IIA 23 - 24 Mei 2017, IIA Gedung Bidakara – Jakarta May 23 – 24, 2017, IIA Bidakara Building – Jakarta Emergency Preparedness Training 2017 PT Gada Agni Indonesia (Bpk. Budi Firnandi) PT Gada Agni Indonesia (Mr. Budi Firnandi) 9 September 2017, BNI Life Training Center - KS Tubun - Jakarta. September 9, 2017, BNI Life Training Center - KS Tubun - Jakarta Refreshment Auditor SPI BNI: Investment Banking. SPI BNI 20 Januari 2017, Jakarta January 20, 2017, Jakarta BNI Life In-House Legal Training. Pro-Legal 23 - 24 Januari 2017, Jakarta January 23 – 24, 2017, Jakarta Sosialisasi Gratifikasi dari KPK. Gratification Socialization from KPK. Perwakilan Komisi Pemberantasan Korupsi: Ibu Devi Lisnawati & Ibu Mutiara Carina Rizky (Pemeriksa Gratifikasi) Representatives of the Corruption Eradication Commission: Mrs. Devi Lisnawati & Ms. Mutiara Carina Rizky (Gratification Examiner) Happy Dian Wicaksono Ayoe Dila P Penyelenggara Training Name 08 Maret 2017, Jakarta BNI Life-Landmark-R.Multifunction March 08, 2017, Jakarta BNI Life-Landmark- Multifunction Room. 09 Maret 2017, Jakarta (Hotel Santika-Slipi) March 09, 2017, Jakarta (Hotel Santika-Slipi) Managing Professional Growth Training 2017 (Employee Training Program - Mandatory) Employee Training – BNILife 10 Maret 2017, Jakarta (Hotel Santika-Slipi) March 10, 2017, Jakarta (Hotel Santika-Slipi) QIA Dasar I QIA Basic I YPIA (Yayasan Pendidikan Internal Audit) YPIA (Foundation for Internal Audit Education) 08 - 19 Mei 2017, Gedung Lavenue – Jakarta May 08 – 19, 2017, Lavenue Building – Jakarta QIA Dasar II QIA Basic II YPIA (Yayasan Pendidikan Internal Audit) YPIA (Foundation for Internal Audit Education) 17 - 28 juli 2017, Hotel Amaris - Jakarta, Pasar Minggu. 17 - 28 July, 2017, Amaris Hotel - Jakarta, Sunday Market. Metodologi Teknik Investigasi dan Pengungkapan KasusKasus Fraud (WS-02). Technical Methodology of Investigation and Disclosure of Fraud Cases (WS-02). Lembaga Pengembangan Fraud Auditing (LPFA) The Fraud Auditing Development Agency (LPFA) 16 - 17 Februari 2017, Jogjakarta February 16 – 17, 2017, Yogyakarta Sosialisasi Gratifikasi dari KPK. Gratification Socialization from KPK. Perwakilan Komisi Pemberantasan Korupsi: Ibu Devi Lisnawati & Ibu Mutiara Carina Rizky (Pemeriksa Gratifikasi) Representatives of the Corruption Eradication Commission: Mrs. Devi Lisnawati & Ms. Mutiara Carina Rizky (Gratification Examiner) Pelatihan Fraud Auditing 1 Fraud Auditing Training 1 Lembaga Pengembangan Fraud Auditing (LPFA) The Fraud Auditing Development Agency (LPFA) 08 Maret 2017, Jakarta BNI Life-Landmark-R.Multifunction March 08, 2017, Jakarta BNI Life-Landmark- Multifunction Room. 20 - 21 Maret 2017, Jakarta. March 20 – 21, 2017, Jakarta AUDIT EKSTERNAL EXTERNAL AUDIT Untuk memastikan integritas penyajian Laporan Keuangan, Perseroan menggunakan jasa auditor eksternal, yaitu Kantor Akuntan Publik (KAP). Penunjukan KAP dilakukan berdasarkan Keputusan RUPS pada tanggal 16 Maret 2017 yang memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan KAP yang akan melakukan audit terhadap Laporan Keuangan Perseroan tahun buku 2017. Proses pengadaan jasa KAP dilakukan dengan mempertimbangkan rekomendasi Komite Audit. Ada pun kriteria yang ditetapkan dalam penetapan KAP adalah sebagai berikut: To ensure the Financial Statements integrity, the Company uses the services of external auditor, namely a Public Accounting Firm (KAP). The KAP appointment was based on the GMS decision on March 16, 2017, which gave power and authority to the Board of Commissioners to appoint a KAP to audit the Company’s Financial Statements for the 2017 fiscal year. The procurement process of KAP services also considers recommendations from the Audit Committee. Ther criteria set out for determining the KAP are as follows: 1. Tidak memberikan jasa lain kepada Perseroan pada tahun tersebut sehingga terhindar dari kemungkinan benturan kepentingan; 1. Do not provide other services to the Company for the year thus avoiding the possibility of conflict of interest; PT BNI Life Insurance | Laporan Tahunan 2017
  283. Peningkatan Kualitas Penerapan Gcg Quality Improvement of Gcg Implementation 2 . Can only provide audit services for a period no longer than 5 (five) consecutive fiscal years. After considering the Audit Committee recommendations and external auditors criteria, the Board of Commissioners appointed KAP ERNST & YOUNG/Purwantono, Sungkoro & Surja to audit the Company’s Financial Statements for the fiscal year ended on December 31, 2016 with their honorarium and other requirements. Tugas dan Tanggung Jawab Auditor Eksternal External Auditor Duties and Responsibilities Ruang lingkup pekerjaan Auditor Eksternal adalah sebagai berikut: 1. Melaksanakan audit umum atas Laporan Keuangan Perseroan tahun buku 2017 2. Melakukan evaluasi kinerja Perseroan tahun buku 2017 3. Melakukan audit kepatuhan atas penyajian laporan keuangan yang sudah sesuai dengan Pernyataan Standar Akuntansi Keuangan (PSAK). The scope of work of External Auditor was as follows: 1. Carried out a general audit of the Company’s Financial Statements for the 2017 fiscal year 2. Evaluated the Company’s performance for the 2017 fiscal year 3. Conducted compliance audit on the presentation of the financial statements in accordance with the Financial Accounting Standards Statement (PSAK). Berikut adalah tabel Kantor Akuntan Publik yang melakukan audit Laporan Keuangan Perseroan selama 5 tahun terakhir: The following is table of public accounting firms auditing the Company’s Financial Statements for the last 5 years: Tahun Buku Nama Kantor Akuntan Publik Fiscal Year 2017 Nama Auditor Public Accountant Firm Name ERNST & YOUNG/Purwantono, Sungkoro & Surja Auditor Name Yasir, CPA Corporate Governance 2. Kantor Akuntan Publik hanya memberikan jasa audit paling lama untuk periode audit 5 (lima) tahun buku berturut-turut. Dengan mempertimbangan rekomendasi Komite Audit dan kriteria auditor eksternal, Dewan Komisaris menetapkan KAP ERNST & YOUNG/Purwantono, Sungkoro & Surja untuk mengaudit Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada 31 Desember 2017 berikut besarnya honorarium dan persyaratan lainnya. Biaya Fee Rp233.645.633 2016 ERNST & YOUNG/Purwantono, Sungkoro & Surja Yasir, CPA Rp233.645.633 2015 PWC/Tanudiredja, Wibisana & Rekan Angelique Dewi Daryanto, S.E.,CPA Rp365.000.000 2014 PWC/Tanudiredja, Wibisana & Rekan Drs. Haryanto Sahari, CPA Rp507.000.000 2013 PWC/Tanudiredja, Wibisana & Rekan Drs. Haryanto Sahari, CPA Rp450.000.000* *Belum termasuk PPn 10% dan OPE maksimum 5% * Not including VAT 10% and OPE maximum 5% Jasa Lain yang Diberikan Other Services Provided Tidak ada jasa lain yang diberikan KAP selain Audit Laporan Keuangan 2017. There were no other services provided by the KAP other than auditing the 2017 Financial Statements. Annual Report 2017 | PT BNI Life Insurance 283
  284. Manajemen Risiko Manajemen Risiko Risk Management Risk Management TATA KELOLA PERUSAHAAN Divisi Kerja Manajemen Risiko melakukan fungsi kordinasi dan sosialisasi seluruh proses manajemen risiko Perseroan untuk meminimalkan potensi maupun dampak dari berbagai jenis risiko yang dihadapi oleh Perseroan . Divisi Manajemen Risiko membangun proses yang komprehensif dalam mengidentifikasi, mengukur, memantau dan mengendalikan risiko serta menyampaikan laporan atas tingkat risiko. Risk Management Unit performs coordination and socialization functions throughout the Company's risk management process to minimize the potential and impact of various types of risks faced by the Company. The Risk Management Division establishes a comprehensive process of identifying, measuring, monitoring and controlling risks and reporting on risks rate. Struktur Organisasi Manajemen Risiko Risk Management Organizational Structure Risk Management Director Risk Management Financial Risk Management & Reporting Financial Risk Asset & Liability Risk Operational Risk Reporting Non Operational Risk System Information Jumlah Pegawai Manajemen Risiko Risk Management Number of Employees Sampai dengan 31 Desember 2017, jumlah pegawai pada Divisi Manajemen Risiko terdiri dari : • 1 (satu) orang pegawai sebagai Pemimpin Divisi • 2 (dua) orang pegawai sebagai Pemimpin Departemen • 5 (lima) orang pegawai sebagai Risk Analyst As of December 31, 2017, the number of employees in the Risk Management Division consists of: • 1 (one) employee as Head of Division • 2 (two) employees as Head of Department • 5 (five) employees as Risk Analyst Untuk pengembangan organisasi Manajemen Risiko, pada tahun 2018 akan ditambahkan 1(satu) orang pegawai sebagai system informasi manajemen risiko For the development of Risk Management organization, 1 (one) employee will be added as risk management information system in 2018. Profil Kepala Manajemen Risiko Head of Risk Management Profile Nama Name Amelia Nugraeni Jabatan Position Pemimpin Divisi Manajemen Risiko/Head of Risk Management Kewarganegaraan Domicile Indonesia Usia Age 51 Tahun 51 years old Domisili Domicile Bekasi Pendidikan Education • • • • Sarjana Matematika, Universitas Indonesia, lulus tahun 1994 Magister of Management Asuransi, Universitas Gunadarma, lulus tahun1998 Master of Insurance Management, Gunadarma University, graduated in 1994 (Master Degree) University, graduated in 1998 (Master Degree) • aktuaria, PT MAA Life Insurance, tahun 1996-2005 • • Riwayat Pekerjaan Employment History 284 Non Financial Risk Management PT BNI Life Insurance | Laporan Tahunan 2017 • • • • • • • Deputy Head Aktuaria, PT Great Eastern, tahun 2005-2007 Manajer Pricing Unit Sharia, BNI Life, tahun 2007-2010 Manajer Pricing , BNI Life, tahun 2010-2015 Head of Technical Report, Valuation & Reinsurance , BNI Life, tahun 2015-2016 Actuary, PT MAA Life Insurance, 1996-2005 Deputy Head of Actuary, PT Great Eastern, 2005-2007 Manager of Pricing Sharia Unit, BNI Life, 2007-2010 Pricing Manager, BNI Life, 2010-2015 Head of Technical Report, Valuation & Reinsurance, BNI Life, 2015-2016
  285. Manajemen Risiko Risk Management Tidak ada rangkap jabatan /Theres no Concurrent Position Pelatihan di tahun 2017 Training in 2017 Master Class Risk Governance • Tanggung Jawab Hukum Direksi & Pejabat Perseroan Asuransi • ISO 31000 • Membangun Management risiko lengkap & sehat • Startegic Employee Engagement Master Class Risk Governance • Tanggung Jawab Hukum Direksi & Pejabat Perseroan Asuransi • ISO 31000 • Membangun Management risiko lengkap & sehat • Startegic Employee Engagement Sertifikasi Certification • • • • • • SK Pengangkatan Appointment Letter 062.SK-HC.1016 , tanggal 3 Oktober 2017/062.SK-HC.1016 , dated October 3, 2017 Hubungan Afiliasi Affiliate Relationship Tidak ada hubungan afiliasi/No relation affiliation Corporate Governance Rangkap Jabatan Concurrent Position Ajun Ahli Asuransi Indonesia Jiwa (AAAIJ), tahun 2005 Fellow Society Actuary of Indonesia (FSAI), tahun 2014 Qualified Chief Risk Officer (QCRO), tahun 2017 Profession of Life Indonesia Insurance Expert (AAAIJ), 2005 Fellow Society Actuary of Indonesia (FSAI), 2014 Qualified Chief Risk Officer (QCRO), 2017 Tugas dan Tanggung Jawab Satuan Kerja Manajemen Risiko Dalam rangka penerapan Manajemen Risiko yang efektif, Direksi Perseroan menetapkan tugas dan tanggung jawab dengan memperhatikan hal-hal berikut: 1. Memberikan masukan kepada Direksi antara lain dalam penyusunan kebijakan Manajemen Risiko 2. Memantau pelaksanaan kebijakan Manajemen Risiko termasuk mengembangkan prosedur dan alat untuk identifikasi, pengukuran, pemantauan dan pengendalian risiko 3. Melakukan pemantauan risiko berdasarkan hasil penilaian: a.Profil risiko setiap Bagian Pengendalian Risiko (Risk Control Section) b.Tingkat risiko untuk masing-masing risiko c. Profil risiko Perseroan 4. Melaksanakan kaji ulang secara berkala untuk memastikan: a.Keakuratan metodologi penilaian Risiko b.Kecukupan implementasi Sistem Informasi Manajemen Risiko c. Ketepatan kebijakan, prosedur, dan penetapan limit risiko 5. Mengkaji usulan lini bisnis baru yang bersifat strategis dan berpengaruh signifikan terhadap eksposur risiko Perseroan 6. Memberikan informasi kepada Komite Risiko terhadap hal-hal yang perlu ditindaklanjuti terkait hasil evaluasi terhadap penerapan Manajemen Risiko 7. Memberikan masukan kepada Komite Risiko, dalam rangka penyusunan dan penyempurnaan kebijakan Manajemen Risiko 8. Menyusun dan menyampaikan laporan profil risiko secara berkala kepada pihak internal dan eksternal Pengembangan Kompetensi Satuan Kerja Manajemen Risiko Bagi Perseroan, pegawai adalah aset yang harus terus dikembangkan. Tujuan pengembangan kompetensi adalah untuk meningkatkan produktivitas kerja. Pengembangan pegawai dilakukan melalui pelatihan di dalam Perseroan (in house training) atau di luar Perseroan (external training), selain itu uji kompetensi juga dilakukan melalui Sertifikasi Manajemen Risiko. Risk Management Unit Duties and Responsibilities In order to implement effective Risk Management, the Company’s Board of Directors assigns duties and responsibilities with due regard to the following: 1. Provide input to the Board of Directors, among others, in the preparation of Risk Management policy 2. Monitor the implementation of Risk Management policies including developing procedures and tools for risk identification, measurement, monitoring, and control 3. Conduct risk monitoring based on assessment results: a. Risk profile of each Risk Control Section b. Level of risk for each risk c. Company risk profile 4. Conduct periodic reviews to ensure: a. Accuracy of Risk Assessment methodology b. Adequacy of Risk Management Information System Implementation c. Accuracy of policies, procedures, and determination of risk limits 5. Review the proposed new strategic business line and have significant impact on the Company’s risk exposure 6. Provide information to the Risk Committee on matters that need to be followed up regarding the evaluation results on the implementation of Risk Management 7. Provide input to the Risk Committee, in the framework of preparing and improving Risk Management policy 8. Prepare and submit periodic risk profile reports to internal and external parties Risk Management Work Unit Competency Development For the Company, employees are assets that must be developed. The purpose of competency development is to improve work productivity. Employee development is done through in-house training or external training. Competency test is also done through Risk Management Certification. Annual Report 2017 | PT BNI Life Insurance 285
  286. Manajemen Risiko Risk Management TATA KELOLA PERUSAHAAN Promosi merupakan penghargaan bagi pegawai yang mempunyai kinerja yang bagus , yang bertujuan untuk mengembangkan keterampilan karyawan dan mempertahankan karyawan bertalenta dan berkinerja baik agar tidak mengundurkan diri atau pindah ke Perseroan lain. Promotion is a reward for employees who perform well, which aims to develop employees skills and retain talented and well-performing employees in order not to resign or move to another company. Hal lain yang rutin dilakukan adalah dengan memberikan bimbingan (coaching) dengan tujuan untuk meningkatkan kualitas dan kuantitas kerja, transfer pengetahuan, menambah keterampilan bawahan, dan mendekatkan hubungan kerja atasan bawahan. Another routine activity is coaching with the aim to improve the quality and quantity of work, transfer of knowledge, increase the skills of subordinates, and closer working relationships superiors. Pada tahun 2017, Satuan Kerja Manajemen Risiko telah menghadiri dan berpartisipasi dalam berbagai pelatihan, workshop, konferensi, dan seminar, sebagai berikut: In 2017, the Risk Management Unit has attended and participated in various trainings, workshops, conferences and seminars, as follows: No Nama Name Judul Pelatihan Traning Title Penyelenggara Sosialisasi Gratifikasi Socialization of Gratification 1 2 3 Ari Wibowo Abdul Karim Dewa Gede Dharmayuda Financial Risk Manager Financial Risk Analyst (Assisstant Manager) Financial Risk Analyst (Assisstant Manager) Nurilma Pascarianti Financial Risk Analyst (Assisstant Manager) Jakarta, 8 Maret 2017 Jakarta, March 8, 2017 Employee Engagement for Leader Internal Jakarta, 4-5 April 2017 Jakarta, April 4-5, 2017 Finance for Non Finance Internal Jakarta, 20-21 April 2017 Jakarta, April 20-21, 2017 Leadership Communication Internal Jakarta, 19-20 Oktober 2017 Jakarta, October 19-20, 2017 Insurance Market Overview Internal Jakarta, 3 November 2017 Jakarta, November 3, 2017 PT BNI Life Insurance | Laporan Tahunan 2017 Bandung, 7-10 Agustus 2017 Bandung, August 7-10, 2017 ERM Fundamental I : ISO 31000 CRMS Indonesia Sertifikasi Risk Management Risk Management Certification ERMA Bandung, 11 Agustus 2017 Bandung, August 11, 2017 Implementasi SE No.25/ SEOJK.05/2017 Implementation of SE No.25/ SEOJK.05/2017 RMG Jakarta, 5 Oktober 2017 Jakarta, October 5, 2017 The Leading the future PAI Bali, 25-28 Oktober 2017 Bali, October 25-28, 2017 Risk Modeling in Financial Institutions ISEI Jakarta, 4-5 September 2017 Jakarta, September 4-5, 2017 Emergency Preparedness Training Internal Jakarta, 9 September 2017 Jakarta, September 9, 2017 MS Excel advance Internal Jakarta, 14-15 Desember 2017 Jakarta, December 14-15, 2017 TICMI Jakarta, 18 Maret 2017 Jakarta, March 18, 2017 Finance for Non Finance Internal Jakarta, 20-21 April 2017 Jakarta, April 20-21, 2017 Employee Engagement for Leader Internal Jakarta, 2-3 Mei 2017 Jakarta, May 2-3, 2017 Penyusunan Risk Appetite, Risk Tolerance 286 Date and Place OJK Wakil Manager Investasi Deputy Investment Manager 4 Waktu & Tempat Organizer RMG Jakarta, 10-11 Agustus 2017 Jakarta, August 10-11, 2017
  287. Manajemen Risiko Risk Management No Nama Name Judul Pelatihan Penyelenggara Traning Title Imma Gusmiasari Non Financial Risk Manager RMG Jakarta , 30-31 Januari 2017 Jakarta, January 30-31, 2017 Employee Engagement for Leader Internal Jakarta, 21-22 Maret 2017 Jakarta, March 21-22, 2017 Membangun management risiko lengkap & sehat Establish complete & sound risk management RMG Bandung, 11-13 April 2017 Bandung, April 11-13, 2017 Economy Outlook 6 7 Novi Susanti Rini Fajriani Non Financial Risk Analyst (Assisstant Manager) Non Financial Risk Analyst (PJS Assisstant Manager) Date and Place Japfa Comfeed Spanyol, 1-10 September 2017 Spain, September 1-10, 2017 2018 Market Overview Workshop Internal Jakarta, 3 November 2017 Jakarta, November 3, 2017 Leadership Communication Internal Jakarta, 7-8 November 2017 Jakarta, November 7-8, 2017 BCMCP LSPMR Jakarta, 13-17 Maret 2017 Jakarta, March 13-17, 2017 RMG Jakarta, 10-11 Agustus 2017 Jakarta, August 10-11, 2017 Finance for Non Finance Internal Jakarta, 19-20 Oktober 2017 Jakarta, October 19-20, 2017 Pembuatan KPI KPI Formulation Internal Jakarta, 9 Mei 2017 Jakarta, May 9, 2017 Penyusunan Risk Appetite, Risk Tolerance Preparation of Risk Appetite, Risk Tolerance Managing Legal Risk CRMS Indonesia Emotional Intelligent Internal Corporate Governance Kiat Khusus dalam penyusunan laporan self assessment dan how to implement risk management Special Tips in preparing self assessment report and how to implement risk management 5 Waktu & Tempat Organizer Bandung, 23-24 Maret 2017 Bandung, March 23-24, 2017 Jakarta, 2 Agustus 2017 Jakarta, Agust 2, 2017 Mewujudkan zero fraud yang terukur, terintegrasi dan penuh kehati-hatian Achieving measurable, integrated and prudent zero fraud RMG Bandung, 15-16 November 2017 Bandung, November 15-16, 2017 Pelatihan Anak Perseroan : - POJK 12/POJK.01/2017 - UU no.9 tahun 2017 - GCG Training of Subsidiaries: - POJK 12/POJK.01/2017 - Law no.9 of 2017 - GCG BNI Jakarta, 11-12 Desember 2017 Jakarta, December 11-12, 2017 Penetapan Kebijakan dan Prosedur Manajemen Risiko Dalam menjalankan fungsi Manajemen Risiko, Perseroan membentuk tata kelola manajemen risiko yang sehat, Divisi manajemen risiko yang independen, serta mengembangkan kebijakan dan prosedur manajemen risiko yang sesuai untuk menjaga tingkat risiko pada batasbatas yang telah ditentukan. Risk Management Policies and Procedures Establishment In carrying out the Risk Management function, the Company establishes sound risk management governance, an independent risk management division, and develops appropriate risk management policies and procedures to maintain the level of risk at predetermined limits. Dalam rangka pengendalian risiko secara efektif, kebijakan dan prosedur harus didasarkan pada strategi manjemen risiko. Kebijakan Manajemen Risiko dibentuk untuk memastikan Perseroan dalam memelihara eksposur risiko konsisten dengan kebijakan dan prosedur internal serta peraturan regulasi. Dalam penerapan kebijakan manajemen risiko, Perseroan memperhatikan antara lain: 1. Jenis usaha dan produk yang dijalankan sesuai dengan visi, misi dan strategi Perseroan 2. Garis tanggung jawab yang jelas dalam mengelola masing-masing risiko 3. Identifikasi dan mitigasi risiko dilakukan secara jelas dan terkontrol 4. Penetapan kewenangan dalam melakukan aktivitas bisnis In order to effectively control risk, policies and procedures should be based on risk management strategies. Risk Management Policy is established to ensure that the Company in maintaining risk exposure is consistent with internal policies and procedures and regulations. In the implementation of risk management policy, the Company takes into account several matters, among others: 1. The type of business and product undertaken is in accordance with the Company's vision, mission and strategy 2. Clear line of responsibility in managing each risk 3. Risk identification and mitigation are done clearly and controlled 4. Determination of authority in conducting business activities Annual Report 2017 | PT BNI Life Insurance 287
  288. Manajemen Risiko Risk Management TATA KELOLA PERUSAHAAN 288 5 . Pengelolaan rencana kelangsungan usaha 6. Pengukuran dan penetapan peringkat risiko Perseroan disajikan dalam bentuk profil risiko 5. Management of business continuity plan 6. Measurement and rating of corporate risk are presented in the form of risk profile PT BNI Life Insurance telah memiliki Kebijakan Pedoman Penerapan Manajemen Risiko yang telah diatur dalam instruksi Direksi No.DIR/ IN/158.13.00 tanggal 16 Desember 2016. PT BNI Life Insurance has a Risk Management Implementation Guidance Policy that has been regulated in the Board of Directors Decree Instruction No. DIR/IN/158.13.00 dated December 16, 2016. Penetapan limit risiko dilakukan dengan memperhatikan tingkat risiko yang akan diambil, toleransi risiko dan strategi Perseroan secara keseluruhan. Besaran limit diusulkan oleh satuan kerja operasional terkait, yang selanjutnya direkomendasikan kepada Unit Manajemen Risiko untuk mendapat persetujuan Direksi atau Dewan Komisaris melalui komite pemantau risiko atau Direksi sesuai dengan kewenangannya masing-masing yang diatur dalam kebijakan internal Perseroan. The setting of risk limits is conducted by taking into account the level of risk to be taken, risk tolerance and overall corporate strategy. The amount of the limit is proposed by the relevant operational units, which is further recommended to the Risk Management Unit for approval by the Board of Directors or Board of Commissioners through a risk monitoring committee or Board of Directors in accordance with their respective powers stipulated in the Company’s internal policies. Bentuk Identifikasi, Pengukuran, Pengendalian dan Pemantauan Risiko 1. Identifikasi Risiko Identifikasi risiko bertujuan untuk menginventarisasi risiko-risiko di seluruh risk control section di dalam Perseroan. Risiko dapat dipahami sebagai sesuatu yang dapat berdampak pada kemampuan Perseroan/divisi/unit kerja dalam mencapai tujuan. Unit Risk Management memberikan arahan dan menimbulkan kesadaran kepada seluruh risk control section untuk sadar akan risiko dan mengimplementasikan dalam pekerjaan sehari-hari. Selanjutnya: a.Setiap risk control section mengidentifikasi risiko secara self assessment menggunakan pendekatan analisis proses dengan fasilitator dari Unit Manajemen Risiko. b.Pendekatan analisis proses memetakan semua proses bisnis di dalam setiap risk control section menjadi komponen input, proses, dan output serta mengidentifikasi peristiwa risiko dan pengendalian pada masing-masing proses tersebut. c. Setiap risk control section menggunakan panduan klasifikasi risiko yang telah ditetapkan untuk menyusun dan melaporkan profil risiko level proses kepada unit manajemen risiko. d.Unit manajemen risiko menyusun profil risiko Perseroan dan peta risiko dari profil risiko level Perseroan dan level proses dengan mengaitkan kepada tujuan dan sasaran Perseroan. 2. Pengukuran Risiko Pengukuran risiko dilakukan oleh setiap risk control section dan unit manajemen risiko berfungsi sebagai fasilitator dan pengembang model pengukuran risiko. Pengukuran risiko mengacu pada dua faktor, yaitu: a.Pengukuran Kualitatif Pengukuran kualitatif menyangkut kemungkinan suatu risiko muncul, semakin tinggi kemungkinan risiko terjadi, maka semakin tinggi pula risikonya. Penilaian tingkat risiko menghasilkan tingkat probabilitas nilai risiko dan tingkat risiko. Risk Identification, Measurement, Control and Monitoring 1. Risk Identification Risk identification aims to inventory the risks throughout the risk control section within the Company. Risk can be understood as something that can affect the ability of the company/division/work unit in achieving the goal. Risk Management Unit provides direction and raises awareness to all risk control section to be aware of risk and implement it in daily work activities. PT BNI Life Insurance | Laporan Tahunan 2017 Next: a. Each risk control section identifies the risk by self-assessment using a process analysis approach with Risk Management Unit as facilitator. b. The process analysis approach map all business processes within each risk control section into input, process and output components and identifies risk and control events in each process. c. Each risk control section uses the established risk classification guidelines for preparing and reporting process-level risk profile to the risk management unit. d. The risk management unit establishes the Company’s risk profile and risk map of the risk profile in the level of corporate and process by linking to the company's goals and objectives. 2. Risk Measurement Risk measurement is performed by each risk control section and risk management unit serves as facilitator and developer of risk measurement model. Risk measurement refers to two factors, namely: a. Qualitative Measurement Qualitative measurement concerning the possibility of occurrence of risks, in which the higher the likelihood of risk occurring then the higher the risk. Risk level judgment results in a probability risk value and risk level.
  289. Manajemen Risiko Risk Management Nilai Risiko Tingkat Risiko Risk Value Risk Level 1 ,0 < NR <= 1,5 Sedang Rendah Medium Low 1,5 < NR <= 2,0 Corporate Governance 0,0 < NR <= 1,0 Rendah Low Sedang Tinggi Moderately High 2,0 < NR <= 3,0 Tinggi High 3,0 < NR <= 4,0 Sangat Tinggi Very high Pengukuran Kuantitatif Pengukuran kuantitatif menyangkut berapa banyak nilai atau eksposur yang rentan terhadap risiko. Pada pengukuran kuantitatif, risiko-risiko akan diukur secara spesifik. Analisis ini menggunakan nilai numerik dari pengukuran yang mendalam bukan data deskriptif skala yang digunakan seperti dalam pengukuran kualitatif. Kualitas analisis kuantitatif sangat tergantung pada ketepatan dan kelengkapan nilai numerik dan validitas model yang digunakan. b. Quantitative Measurement Quantitative measurement involves how much value or exposure is vulnerable to risks. In quantitative measurement, the risks will be measured specifically. This analysis uses the numerical value of the in-depth measurement instead of the descriptive data of the scale used as in qualitative measurement. The quality of quantitative analysis is highly dependent on the accuracy and completeness of the numerical value and validity of the model used. Monitoring Risiko Setiap risk control section memonitor risiko yang ada pada risk control section-nya dengan menganalisis perubahan yang terjadi pada setiap risiko. Unit Manajemen Risiko melakukan review dan pengawasan terhadap efektifitas, efisiensi dan kepatuhan terhadap kebijakan manajemen risiko secara periodik dan melaporkannya kepada Direksi. Hasil review manajemen digunakan untuk merencanakan penyempurnaan kebijakan dalam penerapan manajemen risiko. Monitoring dapat dilakukan secara terus menerus (ongoing) maupun terpisah (separate evaluation). Aktifitas monitoring ongoing tercermin pada aktivitas supervise, rekonsiliasi, dan aktifitas rutin lainnya. Risk Monitoring Each risk control section monitors the risks that exist in its risk control section by analyzing the changes that occur at each risk. Risk Management Unit reviews and monitors the effectiveness, efficiency and compliance of risk management policies periodically and reports them to the Board of Directors. Management review results is used to plan policy improvements in risk management implementation. Monitoring can be done continuously (ongoing) and separate (separate evaluation). Ongoing monitoring activities are reflected in supervisory, reconciliation and other routine activities Pengendalian Risiko Aktifitas pengendalian risiko dilakukan untuk meyakinkan bahwa respon risiko yang ditetapkan dilaksanakan sebagaimana mestinya. Aktivitas pengendalian risiko yang ditetapkan harus konsisten dengan respon risiko yang dipilih. Setiap risk control section melakukan aktivitas pengendalian risiko untuk menjaga agar tingkat risiko berada dalam batas toleransi. Unit manajemen risiko melaporkan pelaksanaan aktivitas pengendalian risiko yang telah ditetapkan kepada manajemen secara periodik. Risk Control Risk control activities are undertaken to ensure that the specified risk response is executed appropriately. The specified risk control activities must be consistent with the selected risk response. Each risk control section performs risk control activities to keep risk levels within tolerable limits. The risk management unit reports the implementation of risk control activities that have been assigned to management periodically. Salah satu pengendalian risiko yang dilakukan adalah: • Mengumpulkan laporan monitoring secara berkala dari setiap Risk Control Section • Melakukan analisa terhadap laporan dari setiap Risk Control Section dan mengelompokannya ke dalam 2 kategori risiko, yaitu kategori risiko “A” (need improvement) dan kategori risiko “B” (keep monitoring) • Menyajikan laporan monitoring dalam rapat Komite Risiko One of the risk control undertake is: • Collect regular monitoring reports from each Risk Control Section b. • Analyze the reports of each Risk Control Section and classify them into two risk categories, namely the risk category "A" (need improvement) and risk category "B" (keep monitoring) • Present monitoring report in the Risk Committee meeting Annual Report 2017 | PT BNI Life Insurance 289
  290. Manajemen Risiko Risk Management TATA KELOLA PERUSAHAAN 1 . Penerapan Manajemen Risiko PT BNI Life Insurance telah mengkategorikan 7(tujuh) risiko di dalam Pedoman Penerapan Manajemen Risiko BNI Life yang berlandaskan pada Peraturan Otoritas Jasa Keuangan No. 01/POJK.05/2015 tentang penerapan manajemen risiko bagi Lembaga Jasa Keuangan Non Bank yang terdiri dari: a.Risiko Kepengurusan b.Risiko Tata Kelola c. Risiko Strategi d.Risiko Operasional e.Risiko Aset & Liabilitas f. Risiko Asuransi g.Risiko Dukungan Dana 1. Implementation of Risk Management PT BNI Life Insurance has categorized 7 (seven) risks in the BNI Life Risk Management Implementation Guidelines based on the Financial Services Authority Regulation Number 01/POJK.05/2015 on the implementation of risk management for Non-Bank Financial Services Institutions comprising: a. Management Risk b. Governance Risk c. Strategy Risk d. Operational Risk e. Asset & Liability Risk f. Insurance Risk g. Funding Support Risk Dalam rangka penerapan manajemen risiko secara efektif, kebijakan dan prosedur harus didasarkan pada strategi manajemen risiko, yang paling sedikit mencakup: A. Pengawasan aktif Dewan Komisaris dan Direksi a.Pengawasan aktif Dewan Komisaris 1. Memberi persetujuan atas kebijakan manajemen risiko, termasuk strategi dan kerangka Manajemen Risiko yang diusulkan oleh Direksi 2. Mengevaluasi tanggung jawab Direksi atas pelaksanaan kebijakan manajemen risiko melalui pembahasan pelaksanaan manajemen risiko dan rencana kerja tahunan Divisi Manajemen Risiko. 3. Mengaktifkan Rapat Komite Pemantau Risiko yang diselenggarakan secara bulanan untuk membahas eksposur risiko Perseroan, baik dari konsenstrasi risiko, kinerja pengembangan produk, maupun dari sisi aktivitas operasional. 4. Membahas progress penerapan manajemen risiko Perseroan. In order to effectively implement risk management, policies and procedures should be based on risk management strategies, which at least include: 5. Memberikan rekomendasi atas hal-hal yang berkaitan dengan perbaikan kinerja penerapan kebijakan manajemen risiko. b.Pengawasan aktif Direksi 1. Menetapkan kebijakan Manajemen Risiko secara tertulis dan komprehensif 2. Memastikan seluruh risiko yang material dan menimbulkan dampak yang buruk telah ditindaklanjuti 3. Memastikan pelaksanaan langkah-langkah perbaikan atas permasalahan atau penyimpangan yang ditemukan oleh Divisi 4. Mengembangkan budaya peduli risiko pada seluruh jenjang organisasi. 5. Menyelenggarakan Rapat Komite Manajemen Risiko setiap tiga bulan sekali untuk mengevaluasi eksposur risiko yang dimiliki oleh Perseroan, diantaranya mencakup risiko Kepengurusan, risiko Tata Kelola, risiko Strategis, risiko Operasional, risiko Aset & Liabilitas, Risiko Asuransi dan risiko Dukungan Dana. 6. Menyediakan sumber daya yang berkualitas melalui penyelenggaraaan pelatihan manajemen risiko melalui Sertifikasi Manajemen Risiko kepada seluruh Head of Divisi 7. Memberikan pelatihan melalui pelaksanaan training manajemen risiko kepada karyawan yang berada di Divisi Manajemen Risiko. 290 PT BNI Life Insurance | Laporan Tahunan 2017 A. Active supervision of the Board of Commissioners and Board of Directors a. Active supervision of the Board of Commissioners 1. Approve the risk management policy, including the Risk Management strategy and framework proposed by the Board of Directors 2. Evaluate the responsibility of the Board of Directors on the implementation of risk management policy through discussion of risk management implementation and annual work plan of the Risk Management Division. 3. Enable Risk Monitoring Committee Meetings to be held on a monthly basis to discuss the Company's risk exposure, either risk concentration, product development performance, or operational activities. 4. Discusses the progress of corporate risk management implementation. 5. Provide recommendations on matters relating to improvements in the performance of risk management policies. b. Active supervision of the Board of Directors 1. Establish written and comprehensive Risk Management policy 2. Ensure that all material and adverse risks have been acted upon 3. Ensure the implementation of corrective measures on problems or irregularities discovered by the Division 4. Develop a risk-caring culture at all levels of the organization. 5. Hold the Risk Management Committee Meetings once every three months to evaluate the Company's risk exposure, including Management risks, Governance risks, Strategic risks, Operational risks, Asset & Liability risks, Insurance Risks and Funding Support risks. 6. Provide quality resources through the implementation of risk management training through Risk Management Certification to all Heads of Divisions 7. Provide training through the implementation of risk management training to employees residing in the Risk Management Division.
  291. Manajemen Risiko Risk Management 8 . Follow up recommendations of the Board of Commissioners through the Risk Monitoring Committee, 9. Provide support to the Risk Management Division in the implementation of self assessment. B. Kecukupan kebijakan, prosedur, dan penetapan limit risiko. a.Menyusun kebijakan, strategi, dan kerangka manajemen risiko secara tertulis dan komprehensif b.Menyusun, menetapkan, dan memperbaharui prosedur sebagai alat untuk mengidentifikasi, mengukur, emonitor, dan mengendalikan risiko c. Menyusun dan menetapkan mekanisme persetujuan transaksi, termasuk yang melampaui limit dan kewenangan untuk setiap jenjang jabatan. d.Bertanggungjawab atas pelaksanaan kebijakan, strategi, dan kerangka manajemen risiko serta mengevaluasi dan memberikan arahan berdasarkan laporan-laporan yang disampaikan oleh Risk Management Division termasuk laporan mengenai profil Risiko. e.Melakukan review atas Kebijakan/Buku Pedoman Perseroan agar dapat sejalan dengan pertumbuhan volume bisnis f. Menetapkan limit risiko yang terkait dengan RBC (Risk Based Capital) B. Adequacy of policies, procedures, and determination of risk limits. a. Develop written and comprehensive policies, strategies and risk management framework b. Develop, establish, and update procedures as a means to identify, measure, monitor, and control risks C. Kecukupan proses identifikasi, pengukuran, pemantauan dan pengendalian risiko. 1.Perseroan telah memiliki prosedur kegiatan operasional setiap divisi yang diatur secara jelas dalam Buku Pedoman Perseroan, Panduan Kerja dan Surat Keputusan 2.Pemantauan eksposur risiko dilakukan secara berkala dan berkesinambungan 3.Mengevaluasi dan mengkinikan kebijakan, strategi, dan prosedur dalam hal terdapat perubahan faktor-faktor yang mempengaruhi kegiatan usaha perseroan, eksposur risiko, dan/atau profil Risiko secara signifikan. C. Adequacy of risk identification, measurement, monitoring and control process. 1. The Company already has operational procedures for each work division that is clearly regulated in the Company Manual, Working Guidelines and Decree 2. Risk exposure monitoring is conducted periodically and continuously D. Sistem informasi manajemen risiko. 1.Laporan mengenai perkembangan risiko yang meliputi antara lain Laporan Profil Risiko disusun oleh Divisi Manajemen Risiko dan disampaikan baik kepada pihak internal maupun pihak eksternal secara rutin dan tepat waktu 2.Perseroan mulai mengembangkan system informasi manajemen risiko dalam bentuk Dashboard yang dapat memperlihatkan perkembangan ekposur risiko secara berkala D. Risk management information system. 1. Reports on the development of risks which include, among others, Risk Profile Reports prepared by the Risk Management Division and submitted to both internal and external parties on a regular and on time basis 2. The Company began to develop a risk management information system in the form of a Dashboard that can show the development of risk exposure on a regular basis E. Sistem pengendalian intern yang menyeluruh. 1.Sistem Pengendalian internal dibangun melekat pada masingmasing divisi yang merupakan first line of defense 2.Untuk mendukung penerapan manajemen risiko, Perseroan telah memiliki kebijakan manajemen risiko secara tertulis. Pengendalian internal dilakukan oleh divisi Manajemen Risiko dan divisi Kepatuhan yang merupakan second line of defense E. Comprehensive internal control system. 1. The internal control system is built in each work division as the first line of defense 2. To support the implementation of risk management, the Company already has a written risk management policy. Internal control is performed by the Risk Management division and the Compliance division as the second line of defense Kecukupan dan efektifitas system pengendalian internal dikaji ulang oleh divisi Internal Audit yang merupakan third line of defense, untuk memastikan pengendalian internal dijalankan secara memadai The adequacy and effectiveness of internal control system is reviewed by the Internal Audit division as the third line of defense, to ensure adequate internal control is carried out. Corporate Governance 8. Melakukan tindak lanjut atas rekomendasi Dewan Komisaris melalui Komite Pemantau Risiko, 9. Memberikan dukungan kepada Divisi Manajemen Risiko dalam hal penerapan self assessment. c. Establish and stipulate transaction approval mechanism, including those that exceed the limits and authority for each level of position. d. Responsible for the implementation of risk management policies, strategies and framework as well as evaluate and provide guidance based on reports submitted by Risk Management Division including report on Risk profile. e. Review the Company's Policy/Manual to be consistent with business volume growth f. Set the risk limit associated with RBC (Risk Based Capital) 3. Evaluate and update policies, strategies and procedures in the event of any change in factors affecting the Company's business activities, risk exposure, and/or Risk profile significantly. Annual Report 2017 | PT BNI Life Insurance 291
  292. Manajemen Risiko Risk Management TATA KELOLA PERUSAHAAN Profil Risiko PT BNI Life Insurance telah melakukan penilaian tingkat risiko berdasarkan kriteria yang ditetapkan dalam Peraturan Otoritas Jasa Keuangan No .10/POJK.05/2014 tentang penilaian tingkat risiko lembaga jasa keuangan non bank, dimana pada tahun 2017 telah dilakukan self assessment oleh internal Perseroan dengan nilai risiko 1.2841 dengan klasifikasi tingkat risiko “Sedang Rendah” sesuai dengan rincian sebagai berikut: Modul Risiko Risk Profile PT BNI Life Insurance has conducted risk level assessment based on the criteria set forth in the Financial Services Authority Regulation Number 10/ POJK.05/2014 regarding the risk level assessment of non-bank financial services institutions, which in 2017 self assessment has been executed by internal company with risk value of 1.2841 with classification of "Medium Low" risk level, according to the following details: Nilai Risiko Risk Module Risk Value Nilai Risiko Bersih (NR * Bobot) Net Risk Value (NR * Weight) 1. Kepengurusan/Management 1,09 0,1399 2. Tata kelola/Governance 1,38 0,5362 C = (A+B)/2 1.492 0,7435 1.694 1,2345 1.161 0,3630 1.558 1,4722 3. Strategi/Strategy 3.1 Risiko Bawaan/Default Risk 1,36 3.2 Manajemen & pengendalian/Management & Control 1,63 4. Operasional/Operational 4.1 Risiko Bawaan/Default Risk 1,56 4.2 Manajemen & pengendalian/Management & Control 1,83 5. Aset dan Liabilitas/Assets and Liabilities 5.1 Risiko Bawaan/Default Risk 0,90 5.2 Manajemen & pengendalian/Management & Control 1,43 6. Asuransi/Insurance 6.1 Risiko Bawaan/Default Risk 1,60 6.2 Manajemen & pengendalian/Management & Control 1,52 4,4892 Total Nilai Risiko Bersih/Total Net Risk Value 1,4556 Permodalan atau Pendanaan/capital or Funding a. Kemampuan Permodalan/Capital Capability 0,5 0,0313 b. Penambahan Permodalan/Capital Increase 0,5 0,0313 0,0625 Total Nilai Risiko Dukungan Dana/Total Risk Value of Funding Support 0,5000 Bobot Nilai Risiko Bersih dan Nilai Pendanaan = 60 : 40 The risk factors clean and the funding Nilai Risiko Keseluruhan/Value risk a whole Tingkat Risiko/LEVEL RISK 1. Risiko Kepengurusan • Perseroan telah memiliki pedoman yang mengatur tugas dan kewenangan Pengurus. Komposisi Direksi dan Dewan Komisaris sesuai dengan ketentuan yang berlaku dan sejalan dengan strategi Perseroan dan dapat berjalan dengan baik • Perseroan telah menetapkan prosedur terkait dengan risiko Kepengurusan, antara lain pengaturan mengenai prosedur pengangkatan/penunjukan, pergantian dan pemberhentian Direksi dan Dewan Komisaris 2. Risiko Tata Kelola • Perseroan telah memiliki Kebijakan Tata Kelola Perseroan yang baik (GCG) yang telah disahkan oleh Direksi, serta pedoman ataupun kebijakan lain yang menunjang implementasi dari tata kelola Perseroan yang baik seperti Buku Pedoman Perseroan/SOP dari setiap divisi. • Informasi secara transparan kepada pemegang polis dilakukan melalui surat, SMS, customer portal dan laporan transaksi per periode. 292 PT BNI Life Insurance | Laporan Tahunan 2017 1.2841 SEDANG RENDAH/Medium low 1. Management Risk • The Company already has guidelines governing the management’s duties and authorities. The Board of Directors and Board of Commissioners composition is in accordance with the prevailing regulations and in line with the Company's strategy and able to run satisfactorily • The Company has established procedures related to the Management risks, including arrangements on appointment, replacement and dismissal procedures of the Board of Directors and Board of Commissioners 2. Governance Risk • The Company has a good Corporate Governance Policy (GCG) that has been ratified by the Board of Directors, as well as other guidelines or policies that support the implementation of good corporate governance such as the Company Manual/SOP of each division. • Transparency of information to policyholders is done through letters, SMS, customer portals and transaction reports per period.
  293. Manajemen Risiko Risk Management • Supervision by the Board of Commissioners are conducted through Audit Committee and Risk Monitoring Committee, while supervision by the Board of Directors are conducted through Risk Committee, Product Committee, IT Committee and Investment Committees effectively and periodically. 3. Risiko Strategi • Penetapan sasaran strategis telah memperhitungkan kesesuaian visi dan misi dengan faktor internal dan eksternal Perseroan • Perseroan melakukan melakukan identifikasi dan pengukuran terhadap parameter yang mempengaruhi eksposur risiko strategi dengan mempertimbangkan faktor-faktor seperti: »» Kecukupan analisis Kompetitor »» Perseroan harus mengetahui dan meyakini keunggulan kompetitif yang mereka miliki. Apabila Perseroan tidak memiliki keunggulan kompetitif dimaksud maka Perseroan juga harus memahami kelemahannya di pasar atau sektor yang mereka pilih sehingga dapat melakukan penyesuaian strategi untuk mencapai tujuan sesuai visi dan misi Perseroan. »» Kesiapan Perseroan dalam menghadapi perubahan ekonomi secara makro serta dampaknya terhadap kondisi Perseroan, antara lain dampak dari perubahan tingkat suku bunga, inflasi dan nilai tukar. Pada saat ini pemantauan dan pengendalian risiko dilakukan dengan laporan pencapaian kinerja yang dilakukan secara berkala oleh Unit Corporate Planning dan dilaporkan ke Direksi dan Dewan Komisaris. 3. Strategy Risk • Strategic targeting has taken into account the suitability of vision and mission with internal and external factors • The Company undertakes identification and measurement of parameters that affect the exposure of strategy risk by considering factors such as: »» Adequacy of Competitor analysis »» The Company must know and believe in their competitive advantages. If the Company does not have competitive advantages, then the Company must also understand its weakness in the market or sector that they choose so that adjustment can be made in the strategy to achieve goals according to the Company's vision and mission. »» The Company's readiness to deal with macroeconomic changes as well as its impact on the Company's condition, including the impact of changes in interest rates, inflation and exchange rates. Currently, risk monitoring and control are performed with periodic performance reports by the Corporate Planning Unit and reported to the Board of Directors and Board of Commissioners. 4. Risiko Operasional • Perseroan memiliki struktur organisasi yang dilengkapi dengan jumlah sumber daya manusia yang memadai dengan memiliki kompetensi sesuai bidangnya • Penempatan SDM pada setiap fungsi kerja telah mempertimbangkan kompleksitas kerja dan beban/volume kerja Setiap divisi telah memiliki kebijakan dan prosedur sebagai pedoman dalam menjalankan operasional Perseroan • Perseroan memiliki system pendukung untuk menjalankan proses/aktivitas bisnis dan operasional walaupun masih harus dikembangkan dan disempurnakan • Untuk mendukung keberlangsungan usaha, Perseroan telah memiliki Kebijakan mengenai Business Continuity Management (BCM). Proses pengendalian akan terus dilakukan perbaikan sesuai dengan perkembangan bisnis. 4. Operational Risk • The Company has an organizational structure that is equipped with adequate human resources having competencies in their respective field • Placement of human resources in each work function has considered the complexity of work and workload/volume • Each division has policies and procedures as guidelines for running the Company's operations • The Company has a support system to run the business and operational process/activities although it still has to be developed and enhanced • To support business continuity, the Company already has a Policy on Business Continuity Management (BCM). The control process will continue to be improved in accordance with business development. 5. Risiko Aset & Liabilitas • Pencatatan aset tetap dan liabilitas dalam laporan keuangan dicatat dengan menggunakan metode penyusutan yang telah sesuai dengan ketentuan dan telah diaudit oleh auditor independen • Perseroan telah menjalankan aturan mengenai diversifikasi alokasi aset yang disesuaikan dengan tujuan dan strategi investasi dengan return dan risiko yang ingin dicapai. • Metode dan asumsi perhitungan cadangan teknis telah mengikuti peraturan perasuransian • Pemantauan ALM dilakukan secara berkala (bulanan) • Perseroan memiliki bentuk pemantauan terhadap tingkat solvabilitas dan kecukupan modal 5. Assets & Liabilities Risk • The recording of fixed assets and liabilities in the financial statements are accounted for using the depreciation method that has been in accordance with the provisions and has been audited by independent auditor • The Company has implemented rules on diversification of asset allocations tailored to investment objectives and strategies with returns and risks to be achieved. • Methods and assumptions for the calculation of technical reserves have followed insurance regulations • ALM monitoring is conducted periodically (monthly) • The Company has a form of monitoring on the level of solvency and capital adequacy Annual Report 2017 | PT BNI Life Insurance Corporate Governance • Pengawasan oleh Komisaris dilakukan melalui Komite Audit dan Komite Pemantau Risiko, sedangkan pengawasan oleh Direksi dilakukan melalui Komite Risiko, Komite Produk, Komite IT dan Komite Investasi yang dilakukan secara efektif dan berkala. 293
  294. Manajemen Risiko Risk Management TATA KELOLA PERUSAHAAN 294 • Dalam melakukan pengendalian valuasi aset, Perseroan telah memiliki kebijakan valuasi, keahlian SDM dan penilai independen yang cukup memadai • In exercising assets valuation control, the Company has a valuation policy, adequate HR expert and independent assessor 6. Risiko Asuransi • Perseroan memiliki prosedur dalam melakukan proses seleksi risiko, penetapan premi, penggunaan reasuransi dan/atau penanganan klaim serta telah menetapkan kebijakan dan prosedur dalam pengembangan produk yang disesuaikan dengan ketentuan yang berlaku • Perseroan telah menetapkan indicator pengukuran risiko asuransi , antara lain: »» Rasio cadangan teknis terhadap premi netto »» Rasio klaim terhadap premi seperti rasio klaim bruto terhadap premi bruto, rasio klaim netto terhadap premi netto, rasio premi netto terhadap modal sendiri dan rasio pembatalan polis • Perseroan telah memiliki porsi reasuransi yang cukup baik dengan mengikuti spesifikasi produk yang BNI life miliki, dimana Perseroan reasuransi tersebut telah memiliki perjanjian reasuransi treaty • Salah satu bentuk pengendalian risiko adalah dibentuknya konitekomite yang dinilai cukup efektif dalam membantu melakukan pengendalian atas risiko-risiko yang mungkin terjadi 6. Insurance Risk • The Company has procedures in conducting the risk selection process, the determination of premiums, the use of reinsurance and/or the handling of claims and has established policies and procedures in the development of products in accordance with applicable provisions • The Company has established insurance risk measurement indicators, including: »» The technical reserves to net premiums ratio »» The claims to premiums ratio, such as gross claims to gross premiums ratio, net claims to net premiums ratio, net premium to own capital ratio and policy cancellation ratio 7. Risiko Dukungan Dana • Perseroan secara berkala melakukan pengukuran risiko dukungan dana dengan memperhitungkan MMBR (Modal Minimum Berbasis Risiko) dengan menggunakan metoda perhitungan yang telah ditetapkan oleh regulator • Secara berkala Perseroan telah melakukan evaluasi atas rasio pencapaian tingkat solvabilitas untuk mengendalikan posisi modal Perseroan dan disinergikan dengan strategi Perseroan agar keuntungan yang diperoleh dapat dialokasikan serta didistribusikan sesuai dengan rencana bisnis Perseroan. 7. Funding Support Risk • The Company regularly monitors the risk of financial support by taking into account the MMBR (Risk-Based Minimum Capital) using the calculation method established by the regulator Bentuk pengawasan Dewan Komisaris dan Direksi Bentuk pengawasan yang dilakukan Dewan Komisaris dan Direksi berupa pengawasan aktif. Adapun bentuk pengawasannya, sebagai berikut: 1. Memberi persetujuan atas kebijakan manajemen risiko, termasuk strategi dan kerangka Manajemen Risiko yang diusulkan oleh Direksi. 2. Mengevaluasi tanggung jawab Direksi atas pelaksanaan kebijakan manajemen risiko melalui pembahasan pelaksanaan manajemen risiko dan rencana kerja tahunan Divisi Manajemen Risiko. 3. Mengaktifkan Rapat Komite Pemantau Risiko yang diselenggarakan secara bulanan untuk membahas eksposur risiko Perseroan, baik dari konsenstrasi risiko, kinerja pengembangan produk, maupun dari sisi aktivitas operasional. 4. Membahas progress penerapan manajemen risiko Perseroan. 5. Memberikan rekomendasi atas hal-hal yang berkaitan dengan perbaikan kinerja penerapan kebijakan manajemen risiko. Board of Commissioners and Board of Directors Supervision The supervision by Board of Commissioners and Board of Directors is in the form of active supervision, as follows: PT BNI Life Insurance | Laporan Tahunan 2017 • The Company has a fairly good reinsurance portion by following the specification of BNI life product, where the reinsurance company has a treaty reinsurance agreement • One form of risk control is the establishment of committees that are considered effective enough in helping to control the risks that may occur • Periodically, the Company has evaluated the ratio of achievement of solvency level to control the Company's capital position and synergized with the Company's strategy in order to obtain the profit earned and distributed in accordance with the Company's business plan. 1. Approve the risk management policies, including the Risk Management strategy and framework proposed by the Board of Directors. 2. Evaluate the responsibility of the Board of Directors on the implementation of risk management policy through discussion of risk management implementation and annual work plan of the Risk Management Division. 3. Enable Risk Monitoring Committee Meetings to be held on a monthly basis to discuss the Company's risk exposure, either from risk concentration, product development performance, or operational activities. 4. Discusses the progress of corporate risk management. 5. Provide recommendations on matters relating to improved performance of risk management policies.
  295. Manajemen Risiko Risk Management The Board of Directors active supervision 1 . Establish written and comprehensive Risk Management policy. 2. Ensure that all material risks and adverse impacts have been acted upon. 3. Ensure the implementation of corrective measures on problems or irregularities discovered by the Division. 4. Develop a risk-caring culture at all levels of the organization. 5. Hold the Risk Management Committee Meetings once every three months to evaluate the Company's risk exposure, including Management risks, Governance risks, Strategic risks, Operational risks, Asset & Liability risks, Insurance Risks and Funding Support risks. Corporate Governance Pengawasan aktif Direksi 1. Menetapkan kebijakan Manajemen Risiko secara tertulis dan komprehensif. 2. Memastikan seluruh risiko yang material dan menimbulkan dampak yang buruk telah ditindaklanjuti. 3. Memastikan pelaksanaan langkah-langkah perbaikan atas permasalahan atau penyimpangan yang ditemukan oleh Divisi. 4. Mengembangkan budaya peduli risiko pada seluruh jenjang organisasi. 5. Menyelenggarakan Rapat Komite Manajemen Risiko setiap tiga bulan sekali untuk mengevaluasi eksposur risiko yang dimiliki oleh Perseroan, diantaranya mencakup risiko Kepengurusan, risiko Tata Kelola, risiko Strategis, risiko Operasional, risiko Aset & Liabilitas, Risiko Asuransi dan risiko Dukungan Dana. 6. Menyediakan sumber daya yang berkualitas melalui penyelenggaraaan pelatihan manajemen risiko melalui Sertifikasi Manajemen Risiko kepada seluruh Head of Divisi. 7. Memberikan pelatihan melalui pelaksanaan training manajemen risiko kepada karyawan yang berada di Divisi Manajemen Risiko. 8. Melakukan tindak lanjut atas rekomendasi Dewan Komisaris melalui Komite Pemantau Risiko. 9. Memberikan dukungan kepada Divisi Manajemen Risiko dalam hal penerapan self assessment. 6. Provide quality resources through the implementation of risk management training through Risk Management Certification to all Head of Divisions. 7. Provide training through the implementation of risk management training to employees residing in the Risk Management Division. 8. Follow up the recommendations of the Board of Commissioners through the Risk Monitoring Committee. 9. Provide support to the Risk Management Division in terms of self assessment. Annual Report 2017 | PT BNI Life Insurance 295
  296. Sistem Manajemen Risiko Sistem Manajemen Risiko Risk Management System Risk Management System TATA KELOLA PERUSAHAAN Keberhasilan manajemen risiko tergantung pada efektivitas kerangka manajemen yang menyediakan landasan yang akan ditanamkan pada organisasi . Kerangka kerja membantu dalam mengelola risiko secara efektif melalui penerapan proses manajemen risiko pada berbagai tingkat dan dalam konteks tertentu organisasi. The success of risk management depends on the effectiveness of the management framework that provides the foundation to be invested in the organization. The framework assists in managing risks effectively through the implementation of risk management processes at various levels and within specific contexts of the organization. Tujuan dari kerangka kerja manajemen risiko adalah: 1. Kerangka kerja memastikan bahwa informasi tentang risiko yang berasal dari proses manajemen risiko secara memadai dilaporkan dan digunakan sebagai dasar pengambilan keputusan dan 2. Pemenuhan akuntabilitas di semua tingkat organisasi yang relevan The objectives of risk management framework are: 1. The framework ensures that information on risks arising from the risk management process is adequately reported and used as a basis for decision making and 2. Fulfillment of accountability at all relevant levels of the organization Board of Commissioners Audit Committee Board of Directors Risk Control Section Reporting Supervision President Director As a supporting to BOC, monitor and supervise the risk condition/ tolerance, as well as the planning and implementation of risk control .of the company Reporting Supervision Director, RIM Risk Committee All Division As a supporting to BOC, monitor and supervise the effectiveness of internal control, as well as the planning and implementation of .internal/external audit of the company Risk Monitoring Committee Reporting Supervision Reporting Supervision Risk Monitoring Committee Audit Committee Risk Control Section Risk control section Pricing & Prodev TR,Val & Reins Legal & inv. Compliance SPI )Internal Audit( 2st Line Defense As a supporting organ to BOD, plan and implement risk control of the .company by monitoring/instructing each Risk Control Section Set by each risk category RIM (Risk )Management Regular Coordination Meeting )RIM, Compliance, SPI( 1st Line Defense Risk Committee PCBC Corsec Compliance Claim & Prov. Corp. Planning UW & CS HCT Fin & contr. GA Risk Category Insurance Risk Asset & Liab. Risk Governance Risk Strategic Risk Capital Support Risk Operational Risk Management Risk 3st Line Defense Kerangka Kerja Manajemen Risiko Risk Management Framework 296 Manajemen Risiko Terintegrasi Integrated Risk Management Sebagai anggota konglomerasi keuangan entitas utama Bank BNI, BNI Life secara berkala (triwulanan) mengirimkan Laporan Manajemen Risiko Terintegrasi kepada Bank BNI sesuai dengan jenis risiko yang telah ditetapkan. As a member of the financial conglomerate of Bank BNI's main entity, BNI Life periodically (quarterly) sends Integrated Risk Management Report to Bank BNI in accordance with the type of risk that has been determined. PT BNI Life Insurance | Laporan Tahunan 2017
  297. Fungsi Kepatuhan Compliance Function In conducting its business , BNI Life has a strong commitment to comply with applicable laws and regulations as stipulated by the Financial Services Authority ("OJK") and other laws and regulations relating to the Company’s business and operations. Sebagai upaya berkelanjutan untuk memastikan kepatuhan BNI Life terhadap ketentuan peraturan dan perundang-undangan yang berlaku dan mitigasi risiko kepatuhan, BNI Life terus mengembangkan budaya kepatuhan di semua tingkat organisasi dan setiap aspek kegiatan bisnis dan operasional. As an ongoing effort to ensure BNI Life's compliance with applicable laws and regulations and compliance risk mitigation, BNI Life continues to develop a culture of compliance at all levels of the organization and every aspect of business and operational activities. Untuk menerapkan komitmen ini, pembentukan Divisi Kepatuhan yang kuat merupakan elemen penting dalam meminimalkan risiko kepatuhan dan membangun budaya kepatuhan. BNI Life telah membentuk Unit Kepatuhan yang mandiri dan terbebas dari pengaruh divisi lainnya. Unit Kepatuhan dibentuk untuk membantu pelaksanaan tugas Direktur Manajemen Risiko dan Kepatuhan. Unit Kepatuhan pada tingkat yang sama dengan Divisi dan bertanggung jawab langsung kepada Direktur Manajemen Risiko dan Kepatuhan To implement this commitment, the establishment of a strong Compliance Division is an important element in minimizing compliance risk and building a culture of compliance. BNI Life has established an independent Compliance Unit and is free from the influence of other division. The Compliance Unit is established to assist with the implementation of duties of the Risk Management and Compliance Director. Compliance Unit is at the same level as the Division and directly responsible to the Risk Management and Compliance Director Satuan Kerja Kepatuhan melakukan sosialisasi dan pelatihan, terlibat dalam persetujuan produk dan aktivitas baru, persetujuan penerbitan ketentuan internal, melakukan uji kepatuhan terhadap pengendalian internal terkait kepatuhan pada divisi, memantau kepatuhan Perseroan terhadap komitmen yang dibuat dengan regulator serta melakukan pemantauan atas setiap kewajiban pelaporan Perseroan ke regulator. The Compliance Unit conducts socialization and training, engages in approval of new products and activities, approval of issuance of internal provisions, conducts compliance testing of compliance-related internal control on division, monitors the Company’s compliance with commitments made with the regulator and monitors any corporate reporting obligations to the regulator. Untuk membangun budaya yang benar-benar sesuai, manajemen melakukan evaluasi budaya secara berkelanjutan. Tanggung jawab utama tidak boleh didelegasikan, bagaimanapun, dan garis pelaporan yang jelas harus ada untuk eskalasi isu-isu penting. Fungsi kepatuhan bertindak sebagai mitra bisnis dalam menjelaskan tanggung jawab peraturan bisnis, membantu membingkai kebijakan kepatuhan terhadap peraturan dan bertindak sebagai panduan untuk mencegah pelanggaran peraturan terjadi di dalam bisnis. To build a culture that is truly appropriate, the Management conducts a sustainable cultural evaluation. Main responsibility should not be delegated, however, and clear lines of reporting must exist for escalation of important issues. The compliance function acts as a business partner in explaining business regulatory responsibilities, helping to frame regulatory compliance policies and acts as a guide to prevent regulatory violations from happening in the business. Satuan Kerja Kepatuhan selain bertanggung jawab terhadap pelaksanaan fungsi kepatuhan juga bertanggung jawab terhadap ketentuan Penerapan Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme (APU dan PPT). Penerapan APU dan PPT merupakan standar internasional yang harus diterapkan dalam rangka mencegah BNI Life digunakan sebagai sarana atau sasaran tindak kejahatan. The Compliance Unit in addition to being responsible for the implementation of the compliance function is also responsible for the provisions of Anti Money Laundering and Counter-Terrorism Financing (APU and PPT). APU and PPT implementation is an international standard that must be applied in order to prevent BNI Life being used as a means or target of crime. Annual Report 2017 | PT BNI Life Insurance Corporate Governance Dalam menjalankan usahanya, BNI Life memiliki komitmen yang kuat untuk mematuhi undang-undang dan peraturan perundang-undangan yang berlaku sebagaimana ditetapkan oleh Otoritas Jasa Keuangan (“OJK”) dan aturan perundang-undangan lainnya yang terkait dengan bisnis dan operasional Perseroan. 297
  298. Fungsi Kepatuhan Compliance Function Organizational structure Struktur Organisasi TATA KELOLA PERUSAHAAN Direktur Utama President Director Direktur Manajemen Risiko Dan Kepatuhan Risk Management And Compliance Director Kepala Divisi Kepatuhan Head Of Compliance Division Sub Divisi Regulatory Regulatory SubDivision APU dan PPT Apu and Ppt Kepala Divisi Kepatuhan bertanggung jawab langsung kepada Direktur Manajemen Risiko dan Kepatuhan . Divisi Kepatuhan terdiri atas: 1. Kepatuhan Regulasi (Regulatory Compliance) Sub Divisi ini bertanggung jawab atas analisa, sosialisasi dan implementasi peraturan terbaru serta peningkatan awarness atas kepatuhan 2. Kepatuhan Penjualan (Sales Compliance) Sub Divisi ini bertanggung jawab atas kepatuhan materi penjualan, proses penjualan dan meminimalisasi terjadi fraud serta kesalahan penjualan 3. Anti Pencucian Uang dan Pendanaan Terorisme (AML Compliance) Memastikan penerapan Anti Pencucian Uang dan Pendanaan Terorisme berjalan dengan baik di Perseroan. Head of Compliance Division is directly responsible to the Risk Management and Compliance Director. The Compliance Division consists of: 1. Regulatory Compliance (Regulatory Compliance) This Sub-Division is responsible for the analysis, socialization and implementation of the latest regulations as well as increased awareness of compliance 2. Sales Compliance This Sub-Division is responsible for the compliance of sales materials, sales process and minimizing fraud and sales errors Jumlah Pegawai Kepatuhan Jumlah Pegawai Kepatuhan (2017) Pemimpin Kepatuhan : Eddy Sutrisno M. Hutauruk, SE, MM,CPLHI, QCRO Regulatory Compliance Officer : Kitty Isaura Kalalo Sales Compliance Officer : Ester Novita Panjaitan AML-KYC Compliance Officer : Pungki Adi Saputro Number of Compliance Officers Number of Compliance Officers in 2017 Head of Compliance : Eddy Sutrisno M. Hutauruk, SE, MM, CPLHI, QCRO Regulatory Compliance Officer : Kitty Isaura Kalalo Sales Compliance Officer : Ester Novita Panjaitan AML-KYC Compliance Officer : Pungki Adi Saputro 3. Anti Money Laundering and Terrorism Funding (AML Compliance) Ensure the implementation of Anti Money Laundering and Terrorism Financing is carried out properly in the Company. Head of Compliance Division Profile Profil Kepala Divisi Kepatuhan 298 Sub Divisi Penjualan Sales SubDivision Nama Name Eddy Sutrisno M. Hutauruk, SE, MM, CPLHI, QCRO Jabatan Position Kepala Divisi Kepatuhan Head of Compliance Kewarganegaraan Nationality Indonesia Tempat Tanggal Lahir Place & Date of Birth Tarutung, 7 Oktober 1978 Tarutung, October 7, 1978 Domisili Domicile Bekasi Indonesia Pendidikan Education • • • PT BNI Life Insurance | Laporan Tahunan 2017 Akuntansi (D3), Poltek Universitas Sumatera Utara, 1999 Akuntansi (S1), Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta, 2006 Magister Management (S2), Institut Teknologi dan Bisnis Kalbis
  299. Fungsi Kepatuhan Compliance Function Compliance Manager BNI Life , tahun 2012 - 2014/Compliance Manager BNI Life, 2012 - 2014 Rangkap Jabatan Concurrent positions Tidak ada rangkap jabatan/No Concurrent positions Pelatihan di tahun 2017 Training in 2017 . SK Pengangkatan Appointment Letter 0016.SK-HRD.0416 per 1 April 2016/0016.SK-HRD.0416 per April 1, 2016 Hubungan Afiliasi Affiliate Relationship Tidak ada hubungan afiliasi dengan pemegang saham BNI Life, Dewan Komisaris, maupun Direksi No affiliate relationship with BNI Life’s shareholders, Board of Commissioners, or Board of Directors Tugas dan Tanggung Jawab Satuan Kerja Kepatuhan Compliance Unit Duties and Responsibilities 1. Head of Compliance 1. Head of Compliance Corporate Governance Riwayat Pekerjaan Employment history FUNGSI JABATAN - Job Function Merencanakan, mengatur, mengontrol, koordinasi dengan user/pihak internal maupun eksternal dan bertanggung jawab terhadap seluruh aspek compliance Perseroan untuk memastikan bahwa Compliance dapat berperan sebagai pengarah tindakan kepatuhan berdasarkan pada aturan yang ditetapkan oleh Perseroan untuk mendukung pencapaian target Perseroan. Plan, regulate, control, coordinate with internal and external users and is responsible for all aspects of the Company’s compliance to ensure that Compliance can act as a compliance action-drive based on the rules set by the Company to support the achievement of the Company’s targets. 2. Sales Compliance 2. Sales Compliance FUNGSI JABATAN - Job Function Membantu Head of Compliance dalam menangani dan mencapai tujuan fungsi kepatuhan, termasuk namun tidak terbatas pada: 1. Menangani kebijakan dan prosedur kepatuhan penjualan yang telah ditetapkan oleh Perseroan; 2. Memastikan bahwa semua proses dan dokumentasi berkaitan dengan penjualan sesuai dengan ketentuan Perseroan serta peraturan perundang-undangan yang berlaku; 3. Membangun kesadaran akan kepatuhan terutama di unit bisnis. Assist the Head of Compliance in addressing and achieving the objectives of compliance function, including but not limited to: 1. Addressing the sales compliance policy and procedure that has been set by the company; 2. Ensure that all processes and documentation relate to sales is in line with the provision of law and regulations; 3. Build compliance awarness is particularly in business unit area. 3. Regulatory Compliance 3. Regulatory Compliance FUNGSI JABATAN - Job Function Regulatory Compliance berfungsi untuk : 1. Memastikan bahwa Perseroan telah mengikuti dan melaporkan setiap kewajiban Perseroan asuransi ke regulator 2. Memastikan setiap permintaan dan kewajiban yang harus disampaikan ke regulator telah direfleksikan dalam standar operasional Perseroan 3. Melakukan review atas Peraturan yang baru serta perubahan peraturan dan dampaknya bagi Perseroan 4. Melakukan sosialisasi peraturan terkait dengan asuransi Regulatory Compliance works to: 1. Ensure that the Company has followed and reported each insurance company’s obligations to the regulator 2. Ensure that every request and obligation to be submitted to the regulator has been reflected in the Company’s operational standards 3. Review new Regulation and changes to the regulation and their impact on the Company 4. Socialize regulations related to insurance 4. AML-KYC Compliance 5. AML-KYC Compliance FUNGSI JABATAN - Job Function AML-KYC Compliance berfungsi untuk : Memastikan Program Anti Pencucian dan Pencegahan Pendanaan Terorisme (APU-PPT) telah diimplementasikan dengan termasuk didalamnya implementasi prosedur, screening nasabah sampai pelaporan terkait lainnya. AML-KYC Compliance works to: Ensure Anti-Money Laundering and Terrorism Financing Prevention (APU-PPT) Program has been implemented, including implementation of procedures, customer screening to other related reporting. Program Pengembangan Kompetensi Satuan Kerja Kepatuhan Compliance Program Unit Competency Development Perkembangan bisnis dan regulasi mendorong setiap individu dalam Perseroan juga wajib untuk mengembangkan kompetensinya sehingga dapat dan mampu untuk menyesuaikan diri terhadap perkembangan tersebut. Pada tahun 2017, setiap staff di Divisi Kepatuhan telah mengikuti beberapa pelatihan seperti: The developments of business and regulation encourage every individual in the Company having the obligation to develop their competencies so as to be able to adapt to those developments. By 2017, each staff in the Compliance Division has attended several trainings such as: Annual Report 2017 | PT BNI Life Insurance 299
  300. Fungsi Kepatuhan Compliance Function 1 . Periode Q1 Materi Pelatihan Training Materials 1. Q1 Period Sasaran Peserta Target Participants TATA KELOLA PERUSAHAAN Sosialisasi Perseroan perasuransian (Perseroan asuransi, Perseroan reasuransi, Perseroan asuransi syariah, Perseroan reasuransi syariah) Eddy S.M. Hutauruk (Head of Compliance) dan Leonardo Sembiring (head of technical Report & Reinsurance) Socialization of insurance companies (insurance companies, reinsurance companies, sharia insurance companies, sharia reinsurance companies) Eddy S.M. Hutauruk (Head of Compliance) and Leonardo Sembiring (head of technical Report & Reinsurance) 2. Periode Q2 Materi Pelatihan Training Materials Sosialisasi POJK No. 12/POJK.01/2017 tentang Penerapan Program APU PPT di Sektor Jasa Keuangan - Perseroan Asuransi POJK Socialization No. 12/POJK.01/2017 on APU PPT Program Implementation in Financial Services Sector - Insurance Company Seminar Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme (APU PPT) Seminar on Anti-Money Laundering and CounterTerrorism Financing (APU PPT) Waktu Pelaksanaan Execution Time Selasa & Rabu, 21 -22 Februari 2017 (Hotel Ritz Carlton, Pacific Place) Tuesday & Wednesday, February 21 – 22, 2017 (Ritz Carlton Hotel, Pacific Place) Keterangan Explanation Undangan dari AAJI Invitation from AAJI 2. Q2 Period Sasaran Peserta Target Participants Perwakilan Perseroan asuransi syariah dan asuransi konvensional Waktu Pelaksanaan Execution Time 2 Mei 2017 Radius Prawiro) (Ged. A Menara Representatives of sharia insurance companies May 2, 2017 (Building A of Radius and conventional insurance companies Prawiro Tower) Perwakilan Perseroan asuransi anggota AAJI Representative of AAJI member insurance company 3 Mei 2017 (Rumah AAJI, lt 4) May 3, 2017 (Rumah AAJI, 4th floor) Keterangan Explanation Sosialisasi dengan pembicara dari perwakilan OJK dan PPATK Socialization with speakers from OJK and PPATK representatives Pemaparan OJK perihal penerapan program APU PPT di Perseroan Asuransi Jiwa Pemaparan dari PPATK perihal kendala utama dalam implementasi APU PPT, FATCA, CRS dalam industri asuransi jiwa. (tbc) Exposure of OJK concerning the application of APU PPT program in Life Insurance company Exposure of the PPATK regarding the main obstacles in the implementation of APU PPT, FATCA, CRS in life insurance industry. (tbc) Pembicara dari EY : Rowena Ferareza Senior Manager Financial Services (EY Tax Service Ltd.) Perwakilan Perseroan asuransi anggota AAJI Seminar Common Reporting Standard (CRS) Representative of AAJI member insurance company 4 Mei 2017 (Rumah AAJI, lt 4) May 4, 2017 (Rumah AAJI, 4th floor) Ihsan Muttaqien Senior Manager Financial Services Tax (EY Indonesia) Speaker from EY: Rowena Ferareza Senior Manager of Financial Services (EY Tax Service Ltd.) Ihsan Muttaqien   Senior Manager of Financial Services Tax (EY Indonesia) Pelatihan Penerapan APU dan PPT di sektor Non Bank & Drafting SOP Program APU PPT berbasis POJK No.12/POJK.01/2017 Training on APU and PPT Implementation in Non Bank & Drafting SOP of APU-PPT based on POJK No.12/POJK.01/2017 300 PT BNI Life Insurance | Laporan Tahunan 2017 Banking, Finance, Multifinance & Insurance 19 – 20 Juni 2017 (Hotel Twin Plaza) June 19 – 20, 2017 (Twin Plaza Hotel) Training eksternal dengan pembicara : Bp Kurnia Hadi External training with speaker: Mr. Kurnia Hadi
  301. Fungsi Kepatuhan Compliance Function 3 . Periode Q3 3. Q3 Period Materi Pelatihan Sasaran Peserta Training Materials Waktu Pelaksanaan Target Participants Execution Time 2 Mei 2017 Radius Prawiro) (Ged. A Menara Representatives of sharia insurance companies May 2, 2017 (Building A of Radius and conventional insurance companies Prawiro Tower) Seminar Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme (APU PPT) Seminar on Anti-Money Laundering and CounterTerrorism Financing (APU PPT) Representative of AAJI member insurance company Training Materials Sasaran Peserta Target Participants Mock Assesor Mutual Evaluation Review (MER) 2017 Perwakilan dari kepesertaan MER FGD MER inisiasi PPATK Perwakilan dari kepesertaan MER FGD MER initiation PPATK Representatives of MER membership Konsinyering Persiapan on-site visit MER Consignment of Preparation on-site visit MER Pembahasan exit report on-site visit MER Indonesia May 3, 2017 (Rumah AAJI, 4th floor) Sosialisasi dengan pembicara dari perwakilan OJK dan PPATK Socialization with speakers from OJK and PPATK representatives 1. Pemaparan OJK perihal penerapan program APU PPT di Perseroan Asuransi Jiwa 2. Pemaparan dari PPATK perihal kendala utama dalam implementasi APU PPT, FATCA, CRS dalam industri asuransi jiwa. (tbc) 1. Exposure of OJK concerning the application of APU PPT program in Life Insurance company 2. Exposure of the PPATK regarding the main obstacles in the implementation of APU PPT, FATCA, CRS in life insurance industry. (tbc) 4. Q4 Period 4. Periode Q4 Materi Pelatihan 3 Mei 2017 (Rumah AAJI, lt 4) Perwakilan Perseroan asuransi anggota AAJI Explanation Corporate Governance Perwakilan Perseroan asuransi syariah dan asuransi konvensional Banking, Finance, Multifinance & Insurance Keterangan Representatives of MER membership Waktu Pelaksanaan Keterangan 23-24 Oktober 2017, Hotel Fairmont Jakarta Diselenggarakan oleh PPATK, OJK, Departemen Kehakiman Amerika, dan Austrac October 23-24, 2017, Fairmont Hotel Jakarta Organized by PPATK, OJK, US Department of Justice, and Austrac Execution Time 24-28 Oktober 2017, Hotel Aryaduta Pembahasan teknis persiapan On-Site Visit Bandung MER 2017         October, 24-28 2017, Hotel Aryaduta Bandung Perwakilan dari PT BNI Life Insurance (PLH Dirut, Head of Compliance, Head of Corporate Secretary, Corporate 1 November 2017, Hotel Mercure Secretary Officer dan AML KYC Officer Jakarta Representatives from PT BNI Life Insurance (Head of Corporate Planning, Head of Corporate Secretary, Corporate Secretary Officer and AML KYC Officer Perwakilan MER dari Industri dan asosiasi (perwakilan Asuransi, Bank dan Pasar Modal, dan AAJI) MER Representatives from Industry and association Discussion of exit report on-site visit MER (representatives of Insurance, Bank and Capital Indonesia Market, and AAJI) Explanation November 1, 2017, Mercure Hotel Jakarta 7 Desember 2017, Crowne Plaza Hotel Jakarta December 7, 2017, Crowne Plaza Hotel Jakarta Technical discussion of preparation of On-Site Visit MER 2017 Pembahasan teknis persiapan On-Site Visit MER 2017         Technical discussion of preparation of On-Site Visit MER 2017 Focus Group Discussion Terkait Exit Report Onsite Visit Mutual Evaluation Review Indonesia Focus Group Discussion Related to Exit Report On-site Visit Mutual Evaluation Review Indonesia Annual Report 2017 | PT BNI Life Insurance 301
  302. Fungsi Kepatuhan Compliance Function Materi Pelatihan Training Materials TATA KELOLA PERUSAHAAN Pelatihan Perseroan Anak Dalam Konglomerasi Keuangan BNI Training of Subsidiaries in BNI Financial Conglomeration Sasaran Peserta Target Participants PT BNI Life Insurance | Laporan Tahunan 2017 Execution Time Perwakilan dari Perseroan anak (PT BNI Life Insurance, PT BNI Sekuritas, PT BNI Syariah, PT BNI Multifinance, 11 s/d 12 Desember 2017, BNI PT BNI Asset Management) Corporate University Representatives of subsidiaries (PT BNI Life Insurance, December 11- 12, 2017, BNI PT BNI Sekuritas, PT BNI Syariah, PT BNI Multifinance, Corporate University PT BNI Asset Management) Penerapan Kepatuhan Dalam memastikan kepatuhan BNI Life terhadap ketentuan perundangundangan, maka BNI Life tetap mengembangkan budaya kepatuhan di semua tingkat organisasi dan setiap aspek kegiatan bisnis dan operasional. Tindakan dalam rangka pengembangan budaya kepatuhan dilakukan melalui: 1. Meningkatkan kesadaran akan kepatuhan melalui: • Melakukan sosialisasi berkala tentang aspek kepatuhan pada kegiatan bisnis dan operasional asuransi. • Mensosialisasikan visi dan misi BNI Life. Hal ini untuk mengingatkan karyawan atas tujuan Perseroan dan mengharapkan karyawan akan lebih tertantang untuk memberikan yang terbaik. • Meningkatkan kesadaran karyawan tentang Peraturan Perseroan dengan mengirimkan e-mail secara berkala dan menjelaskan halhal yang dapat dilakukan dan tidak dapat dilakukan. • Memberikan penjelasan terhadap unit terkait perihal peraturan dan atau perubahan peraturan dan hal-hal lain yang berkaitan dengan kepatuhan. • Memberikan pelatihan untuk karyawan baru untuk membekali mereka dengan referensi kebijakan dan peraturan perundangundangan yang berlaku sebagai tahap awal untuk meningkatkan kesadaran akan kepatuhan. 2. Diseminasi regulasi terbaru dan perubahan regulasi ke unit terkait dan melakukan pemantauan serta evaluasi untuk memastikan kesesuaian dan ketepatan dari kebijakan BNI Life serta prosedur terhadap peraturan OJK dan peraturan yang berlaku lainnya. 3. Menerapkan konsultasi internal terkait dengan kegiatan penjualan dan kegiatan operasional. 4. Melakukan analisis risiko dan tingkat risiko di setiap tingkat organisasi terkait dengan kepatuhan terhadap ketentuan internal dan eksternal 5. Melakukan evaluasi dan pengembangan kepatuhan atas prosedur yang ada saat ini di BNI Life 302 Waktu Pelaksanaan Keterangan Explanation • Penerapan POJK No. 12/POJK.01/2017 tentang Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme • Penerapan UU No. 9 Tahun 2017 tentang Penetapan Peraturan Pemerintah Pengganti Undang – Undang No. 1 Tahun 2017 tentang Akses Informasi Keuangan Untuk Kepentingan Perpajakan Menjadi Undang – Undang • Penerapan Tata Kelola Perseroan yang Baik/Good Corporate Governance  (GCG) • Pengelolaan Profil Risiko dalam Penerapan Manajemen Risiko • Application of POJK no. 12/POJK.01/2017 on the Implementation of Anti Money Laundering and Counter-Terrorism Financing Program • Implementation of Law no. 9 of 2017 on Stipulation of Government Regulation in Lieu of Law no. 1 Year 2017 on Access to Financial Information for Taxation Interests Become a Law • Implementation of Good Corporate Governance (GCG) • Risk Profile Management in the Implementation of Risk Management Compliance Implementation In ensuring BNI Life's compliance with laws and regulations, BNI Life continues to develop a culture of compliance at all levels of the organization and every aspect of business and operational activities. Measures for the development of a culture of compliance are made through: 1. Increase awareness of compliance through: • Conduct periodic socialization on compliance aspects of business activities and insurance operations. • Socialize the vision and mission of BNI Life, to remind employees about the Company's goals and to encourage employees to be more challenged in giving their best efforts. • Increase employee awareness of Company Regulations by sending e-mails periodically and explaining what can be done and can not be done. • Provide explanations to relevant units regarding regulation and/or changes in regulations and other issues related to compliance. • Provide training for new employees to equip them with references to applicable policies and legislation as an early stage to raise awareness of compliance. 2. Disseminate the latest regulations and changes in regulations to relevant units as well as conduct monitoring and evaluation to ensure the suitability and promptness of BNI Life policies and procedures toward OJK regulations and other applicable regulations. 3. Implement internal consultations related to sales activities and operational activities. 4. Conduct analysis of risk and risk level at each level of the organization related to compliance with internal and external provisions 5. Evaluate and develop compliance upon the existing procedures at BNI Life
  303. Fungsi Kepatuhan Compliance Function Activities related to Anti Money Laundering and Counter-Terrorism Financing Program (APU and PPT) as the embodiment of BNI Life's commitment to combating money laundering and counter terrorism financing: • Melaporkan secara berkala pelaksanaan APU dan PPT kepada Direksi dan Dewan Komisaris. • Mengimplementasikan sistem baru untuk memantau transaksi keuangan mencurigakan. • Mengkoordinasikan pelaksanaan pengkinian data nasabah melalui penyusunan target dan pemantauan realisasi terhadap target. • Melakukan review atas rencana produk dan aktivitas baru untuk memastikan telah memperhatikan peraturan APU dan PPT. • Memfilter nasabah dan transaksi terkait daftar teroris yang berlaku. • Melaporkan transaksi keuangan mencurigakan, transaksi keuangan tunai, dan transaksi keuangan transfer dana dari dan ke luar negeri, serta Data Sistem Informasi Pengguna Jasa Terpadu (SiPESAT) kepada Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK). • Melakukan pelatihan dan sosialiasi APU dan PPT secara berkesinambungan melalui classroom, e_learning maupun forum diskusi interna • Melakukan pengembangan materi pelatihan Penerapan APU dan PPT. • Mengembangkan dan mengimplementasikan risk and compliance awareness program untuk cabang melalui kerjasama dengan Satuan Kerja Manajemen Risiko. • Pada November 2017, BNI Life terpilih untuk mewakili industri asuransi di Indonesia dalam rangka Mutual Evaluation Review (MER) dengan asesor dari Asia Pasific Group (APG). MER ini adalah merupakan evaluasi atas efektifitas Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme sesuai dengan rekomendasi Financial Action Task Force (FATF) dan dilakukan secara on-site visit dengan hasil cukup memuaskan. In November 2017, BNI Life was selected to represent the insurance industry in Indonesia in the Mutual Evaluation Review (MER) with assessors from the Asia Pacific Group (APG). This MER is an evaluation of the effectiveness of the Implementation of Anti Money Laundering and Counter-Terrorism Financing Program in accordance with the Financial Action Task Force (FATF) recommendation and conducted by on-site visit with satisfactory results. Pelaksanaan Program Kerja tahun 2017 dan Realisasinya 2017 Work Program Implementation and The Realization 1. Periode Q1 1. Q1 Period NO. NAMA PERATURAN REGULATION NAME Surat Edaran Otoritas Jasa Keuangan No. 13/ SEOJK.05/2016 Tentang Pelaporan Produk Asuransi Bagi Perseroan Asuransi 1 • • • • • • Report periodically the implementation of APU and PPT to the Board of Directors and Board of Commissioners. Implement new system to monitor suspicious financial transactions. Coordinate the implementation of customer data updating through targeting and monitoring the realization of target. Review new product and activity plans to ensure that APU and PPT regulations have been taken into consideration. Filter customers and transactions related to the list of terrorists. Report suspicious financial transactions, cash transactions, and financial transfers transaction from and to abroad, as well as Integrated Services User Information System (SiPESAT) to the Financial Transaction Reporting and Analysis Center (PPATK). Conduct training and socialization of APU and PPT on a continuous basis through classroom, e_learning and internal discussion forums • Develop training materials on APU and PPT Implementation. • Develop and implement risk and compliance awareness programs for branches in collaboration with the Risk Management Unit. RINGKASAN RESUME SEOJK No. 13/SEOJK.05/2016 tentang pelaporan produk asuransi bagi Perseroan asuransi. SEOJK ini diperlukan untuk memperkuat definisi produk asuransi dan prosedur pada produk memperoleh persetujuan Circular Letter of the Financial Services Authority No. SEOJK No. 13/SEOJK.05/2016 about reporting insurance 13/SEOJK.05/2016 About Reporting Insurance Products products for insurance companies. This SEOJK is required to For Insurance Companies strengthen the definition of insurance products and procedures on the product obtaining approval Corporate Governance Aktivitas terkait Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme (APU dan PPT) sebagai perwujudan atas komitmen BNI Life dalam ikut serta memberantas pencucian uang dan pencegahan pendanaan terorisme: DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak : Penyesuain terhadap laporan produk asuransi Impact: Adjustment of insurance product report Tindak Lanjut : Telah dilakukan action plan oleh Divisi Product and Development Follow-up : An action plan has been undertaken by the Product and Development Division Annual Report 2017 | PT BNI Life Insurance 303
  304. Fungsi Kepatuhan Compliance Function NO . TATA KELOLA PERUSAHAAN 2 3 4 5 304 NAMA PERATURAN REGULATION NAME RINGKASAN RESUME Keputusan Bersama Menteri Ketenagakerja Nomor SKB 14 April 2016 Tentang Hari Libur Nasional dan Cuti Keputusan bersama menteri ketenagakerja ini diperlukan untuk pengaturan hari libur dan cuti di tahun 2017 Bersama Tahun 2017 Joint Decree of Minister of Manpower No. SKB 14 April 2016 concerning National Holidays and Mass Leave of 2017 This joint ministerial decree is required for holiday and leave arrangements in 2017 Surat Edaran Otoritas Jasa Keuangan No. 21/SEOJK. 05/2016 Tentang Pencabutan Surat Edaran Otoritas Jasa Keuangan Nomor 24/SEOJK.05/2015 tentang Penilaian Investasi Surat Utang dan Penyesuaian Modal Minimum Berbasis Risiko Bagi Perseroan Asuransi dan Reasuransi Circular Letter of the Financial Services Authority No. 21/SEOJK.05/2016 concerning the Revocation of Circular of the Financial Services Authority No. 24/ SEOJK.05/2015 concerning the Investment Valuation of Debt Securities and Risk-Based Minimum Capital Adjustment for Insurance and Reinsurance Companies Surat Edaran Otoritas Jasa keuangan No 18/ SEOJK.05/2016 Tentang Pelaporan Produk Asuransi Bagi Perseroan Asuransi Syariah dan Perseroan Asuransi Yang Menyelenggarakan Sebagian Usahanya Berdasarkan Prinsip Syariah Circular Letter of the Financial Services Authority No. 18/SEOJK.05/2016 on Reporting of Insurance Products for Sharia Insurance Companies and Insurance Companies whose Some Part of its Business are Based on Sharia Principles PT BNI Life Insurance | Laporan Tahunan 2017 IMPACT & FOLLOW UP Dampak : Penyesuaian terhadap hari kerja tahun 2017 Impact: Adjustment to the working day of 2017 Tindak Lanjut : Telah dilakukan action plan oleh unit Human Resources Follow-up : An action plan has been undertaken by the Human Resources unit SEOJK No 10/SEOJK.05/2016 tentang Pedoman penerapan manajemen resiko dan laporan hasil penilaian sendiri penerapan manajemen resiko bagi lembaga jasa keuangan non bank. SEOJK ini diperlukan untuk mengatur lebih Surat Edaran Otoritas Jasa Keuangan No. 10/ lanjut mengenai tata cara penyusunan pedoman penerapan SEOJK.05/2016 Tentang Pedoman Penerapan manajemen risiko serta bentuk, susunan dan tata cara Manajemen Resiko dan Laporan Hasil Penilaian Sendiri penyampaian laporan hasil penilaian sendiri penerapan Penerapan Manajemen Resiko Bagi Lembaga Jasa manajemen risiko bagi lembaga jasa keuangan non bank. Keuangan Non Bank Circular Letter of the Financial Services Authority No. 10/SEOJK.05/2016 about Guidelines on Implementation of Risk Management and Self-Assessment Report on Risk Management Implementation for Non Bank Financial Institutions DAMPAK & TINDAK LANJUT SEOJK No 10/SEOJK.05/2016 on Guidelines on the implementation of risk management and self assessment report on risk management implementation for non-bank financial services institutions. This SEOJK is required to further regulate the procedures for the preparation of risk management implementation guidelines as well as the form, structure and procedure of report submission of self assessment results on risk management implementation for non-bank financial services institutions. Dampak : Penyesuaian terhadap penyusunan pedoman penerapan manajemen risiko, juga bentuk susunan dan tata cara penyampaian laporan hasil penilaian sendiri Impact: Adjustment to the preparation of risk management implementation guidelines, as well as the form of arrangement and procedure of submission of the report on self-assessment results Tindak Lanjut : Telah dilakukan action plan oleh unit terkait Follow-up : An action plan has been undertaken by related units SEOJK No 21 /SEOJK.05/2016 tentang pencabutan surat edaran otoritas jasa keuangan nomor 24/SEOJK.05/2015 tentang penilaian investasi surat utang dan penyesuaian modal minimum berbasis risiko bagi Perseroan asuransi dan reasuransi, SEOJK ini menetapkan pencabutan dengan memperhatikan kondisi perekonomian dan pasar saat ini maka Dampak & Tindak lanjut : perlu melakukan penetapan SEOJK No 24/SEOJK.05/2015 Telah dilakukan penyesuaian terhadap regulasi terkait SEOJK No. 21/SEOJK.05/2016 regarding the revocation Impact & Follow Up: of circular letter of financial services authority No. 24/ Adjustments have been made to the relevant SEOJK.05/2015 concerning investment valuation of debt regulations securities and risk-based minimum capital adjustment for insurance and reinsurance companies, this SEOJK stipulated the revocation with due regard to economic condition and the current market that required the issuance of SEOJK No. 24/ SEOJK.05/2015 SEOJK No 18/SEOJK.05/2016 tentang pelaporan produk asuransi bagi, Perseroan asuransi Syariah dan Perseroan asuransi yang menyelenggarakan sebagian usahanya berdasarkan prinsip Syariah. SEOJK ini perlu mengatur lebih lanjut mengenai tata cara, bentuk dan format pelaporan produk asuransi bagi Perseroan asuransi Syariah. SEOJK No 18/SEOJK.05/2016 on reporting of insurance products for sharia insurance companies and insurance companies whose some of its business based on sharia principles. This SEOJK needs to further regulate the procedures, form and format of reporting of insurance products for sharia insurance companies. Dampak : Penyesuaian terhadap regulasi terkait yang mengatur lebih lanjut mengenai tata cara, bentuk dan format pelaporan produk asuransi bagi Perseroan asuransi Syariah Impact: Adjustment to related regulations that further regulate the procedures, forms and format of reporting of insurance products for sharia insurance companies Tindak lanjut : Telah dilakukan penyesuaian Follow-up : Adjustment has been made
  305. Fungsi Kepatuhan Compliance Function 2 . Periode Q2 NO. 2 3 REGULATION NAME DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan & Telah dilakukan action plan oleh unit terkait Government Law No. 1 of 2017 on Access to Financial Information for Tax Interests This government law increases the access authority of Indonesian tax authorities in receiving and obtaining financial information Impact & Follow Up: Adjustments to the regulations & Action plan has been undertaken by related units Peraturan Otoritas Jasa Keuangan Nomor 17/POJK.05/2017 Tentang Tata cara pengenaan sanski administrative di bidang perasuransian dan pemblokiran kekayaam Perseroan asurasni, Perseroan asuransi Syariah, Perseroan reasurasni dan Perseroan reasuransi Syariah POJK ini diperlukan untuk mengatur jenis sanksi administrative di bidang perasuransian, prosedur dan tata cara pengenaan sanksi administrative, prosedur dan tata cara pengajuan keberatan atas sanksi administrative, prosedur dan tata cara pengakhiran dan pencabutan sanksi administrative, pemblokiran dan tata cara Dampak & Tindak Lanjut : pemblokiran kekayaan Perseroan asuransi, Perseroan asuransi Penyesuaian terhadap peraturan & Telah dilakukan Syariah, Perseroan reasuransi dan Perseroan reasuransi Syariah action plan oleh unit terkait Regulation of the Financial Services Authority Number 17/POJK.05/2017 regarding the Procedures for the imposition of administrative sanctions in the field of insurance and blocking of wealth of insurance companies, sharia insurance companies, reinsurance companies and sharia reinsurance companies This POJK is required to regulate the types of administrative sanctions in the field of insurance, procedures and mechanisms for imposing administrative sanctions, procedures and mechanisms for appealing administrative sanctions, procedures and mechanisms for terminating and revoking administrative sanctions, blocking and procedures for blocking the wealth of insurance companies, sharia insurance, reinsurance companies and sharia reinsurance companies Peraturan Pemerintah No 1 Tahun 2017 Tentang Akses Informasi Keuangan untuk Kepentingan Perpajakan Peraturan Otoritas Jasa Keuangan No 12/ POJK.01/2017 Tentang Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme Di Sektor Jasa Keuangan Regulation of the Financial Services Authority No. 12/POJK.01/2017 on the Implementation of Anti-Money Laundering and Counter-Terrorism Financing Program in Financial Services Sector Circular Letter of the Financial Services Authority No. 16/SEOJK.03/2017 concerning the Submission of Information of Foreign Customers Related to Taxation in the Framework of Automatic Information Exchange between Countries By Using Common Reporting Standards Surat Edaran Otoritas Jasa keuangan No 17/SEOJK.05/2017 Tentang Laporan Pelaksanaan Penempatan reasuransi/ Retrosesi 5 RESUME Peraturan pemerintah ini meningkatkan kewenangan akses otoritas pajak Indonesia dalam menerima dan memperoleh informasi keuangan Surat Edaran Otoritas Jasa Keuangan No 16/SEOJK.03/2017 Tentang Penyampaian Informasi Nasabah Asing Terkait Perpajakan Dalam Rangka Pertukaran Informasi Secara Otomatis Antarnegara Dengan Menggunakan Standar Pelaporan bersama (Common Reporting Standar) 4 RINGKASAN Circular Letter of the Financial Services Authority No. 17/SEOJK.05/2017 About Report on the Implementation of Reinsurance/Retrosession Placement POJK ini diperlukan untuk penerapan program anti pencucian uang dan pencegahan pendanaan terorisme di sektor jasa keuangan, pengawasan aktif Direksi dan dewan komisaris, kebijakan dan prosedur, penerapan program APU dan PPT di jaringan kantor dan anak Perseroan, sistem informasi manajemen, sumber daya manusia dan pelatihan serta pelaporan This POJK is required for the implementation of anti-money laundering and terrorism financing programs in the financial services sector, active supervision of the Board of Directors and Board of Commissioners, policies and procedures, the implementation of APU and PPT programs in office and subsidiary networks, management information systems, human resources and training as well as reporting SEOJK ini diperlukan untuk keperluan dalam penyampaian informasi nasabah This SEOJK is necessary for the purpose of delivering customer information SEOJK ini diperlukan untuk mengatur mengenai bentuk, susunan dan tata cara penyampaian laporan pelaksanaan penempatan reasurasni/retrosesi SEOJK is required to regulate the form, structure and procedure of report submission of the implementation of reinsurance/ retrosession placement Corporate Governance 1 2. Q2 Period NAMA PERATURAN Impact & Follow Up: Adjustments to the regulatons & action plan has been undertaken by related units Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan & Telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustments to the regulations & Action plan has been undertaken by related units Dampak & Tindak lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units Dampak & Tindak lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units Annual Report 2017 | PT BNI Life Insurance 305
  306. Fungsi Kepatuhan Compliance Function NO . TATA KELOLA PERUSAHAAN 6 7 8 9 10 306 NAMA PERATURAN REGULATION NAME Peraturan Menteri Keuangan No 73/ PMK.03/2017 Tentang Perubahan Atas Peraturan Menteri Keuangan Nomor 70/ PMK.03/2017 Tentang Petunjuk Teknis Mengenai Akses Informasi Keuangan Untuk Kepentingan Perpajakan Regulation of the Minister of Finance No. 73/PMK.03/2017 concerning Amendment to Regulation of the Minister of Finance No. 70/PMK.03/2017 concerning Technical Guidelines on Access to Financial Information for Tax Interests Surat Edaran Otoritas Jasa Keuangan No 22/SEOJK.05/2017 Tentang Dasar Penilaian Aset Dalam Bentuk Investasi dan Bukan Investasi BAgi Perseroan Asuransi dan Perseroan Reasuransi Circular Letter of the Financial Services Authority No. 22/SEOJK.05/2017 about Basis of Assets Valuation in the Form of Investment and Non-Investment for Insurance and Reinsurance Companies Surat Edaran Otoritas Jasa Keuangan No 23/SEOJK.05/2017 Tentang Dasar Penilaian Aset Dalam Bentuk Investasi dan Bukan Investasi Bagi Perseroan Asuransi dan Perusahan Reasuransi Dengan Prinsip Syariah Circular Letter of the Financial Services Authority No. 23/SEOJK.05/2017 concerning the Basis of Asset Valuation in the Form of Investment and Non-Investment for Insurance Companies and Reinsurance Companies Under Sharia Principles RINGKASAN RESUME PMK ini diperlukan sebagai petunjuk teknis mengenai akses informasi keuangan untuk kepentingan perpajakan. This PMK is required as a technical guide on accessing financial information for tax purposes. SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai dasar penilaian aset dalam bentuk investasi bagi Perseroan asuransi dan Perseroan reasuransi This SEOJK is required to set implementation provisions on the basis of assets valuation in the form of investments for insurance companies and reinsurance companies SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai dasar penilaian aset dalam bentuk investasi bagi Perseroan asuransi dan Perseroan reasuransi dengan prinsip Syariah This SEOJK is required to regulate the implementation provisions on the basis of assets valuation in the form of investments for insurance companies and reinsurance companies under sharia principles DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. Surat Edaran Otoritas Jasa Keuangan No 24/SEOJK.05/2017 Tentang Pedoman Perhitungan Jumlah Modal Minimum Berbasis Risiko Bagi Perseroan Asuransi dan Perseroan Reasuransi Circular Letter of the Financial Services Authority No. 24/SEOJK.05/2017 regarding Guidelines for Calculating Risk-Based Minimum Capital for Insurance Companies and Reinsurance Companies SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman perhitungan jumlah modal minimum berbasis risiko bagi Perseroan asuransi dan Perseroan reasuransi This SEOJK is required to regulate the implementation provisions concerning the calculation of minimum risk-based capital requirement for insurance companies and reinsurance companies Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. Surat Edaran Otoritas Jasa Keuangan No 25/SEOJK.05/2017 Tentang Pedoman Perhitungan Jumlah Dana Tabarru dan Dana Tanahud Minimum berbasis risiko dan Modal Minimum Berbasis Risiko Bagi Perseroan Asuransi Dan Perseroan Reasuransi Dengan Prinsip Syariah Circular Letter of the Financial Services Authority No. 25/SEOJK.05/2017 regarding Guidelines on the Calculation of Minimum Risk-Based Amount of Tabarru and Tanahud Fund and Risk-Based Minimum Capital for Insurance Companies and Reinsurance Companies Under Sharia Principles SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman perhitungan jumlah dana tabarru dan dana tanahud minimum berbasis risiko dan modal minimum berbasis risiko bagi Perseroan asuransi dan Perseroan reasuransi dengan prinsip Syariah This SEOJK is required to regulate the implementation provisions regarding guidelines on calculating the minimum risk-based amount of tabarru and tahanud funds and minimum risk-based capital for insurance companies and reinsurance companies under sharia principles Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. PT BNI Life Insurance | Laporan Tahunan 2017
  307. Fungsi Kepatuhan Compliance Function NAMA PERATURAN NO . REGULATION NAME 11 13 14 1 2 IMPACT & FOLLOW UP Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman pembentukan cadangan teknis bagi Perseroan asuransi dan Perseroan reasuransi This SEOJK is required to set implementation provisions regarding guidelines for establishing technical reserves for insurance companies and reinsurance companies Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. Surat Edaran Otoritas Jasa keuangan No 28/SEOJK.05/2017 Tentang Pedoman Pembentukan Penyisihan Teknis Bagi Perseroan Asuransi dan Perseroan Reasuransi Dengan Prinsip Syariah Circular Letter of the Financial Services Authority No. 28/SEOJK.05/2017 about Guidelines for the Establishment of Technical Reserves for Insurance Companies and Reinsurance Companies Under Sharia Principles SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai pedoman pembentukan penyisihan teknis bagi Perseroan asuransi dan Perseroan reasurasni dengan prinsip Syariah SEOJK is required to set the implementation provisions regarding guidelines for the establishment of technical reserves for insurance companies and reinsurance companies under the principles of sharia Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. Surat Edaran Otoritas Jasa Keuangan Nomor 29/SEOJK.05/2017 Tentang Laporan Aktuaris Tahunan Perseroan Asuransi, Perseroan Reasuransi, Perseroan Asuransi Syariah dan Perseroan Reasuransi Syariah Circular Letter of Financial Services Authority No. 29/SEOJK.05/2017 about Annual Actuary Statements of Insurance Companies, Reinsurance Companies, Sharia Insurance Companies and Sharia Reinsurance Companies SEOJK ini diperlukan untuk mengatur ketentuan pelaksanaan mengenai bentuk dan susunan lappran aktuaris tahunan Perseroan asuransi, Perseroan reasuransi Syariah. This SEOJK is required to regulate the implementation provisions regarding the form and structure of the annual actuary statements of insurance company, sharia reinsurance company. Dampak & Tindak Lanjut : Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait. Impact & Follow Up: Adjustment to regulations and action plan has been undertaken by related units. 3. Periode Q3 NO. DAMPAK & TINDAK LANJUT SEOJK ini diperlukan untuk mengatur ketentuan mengenai persetujuan penempatan investasi yang melebihi batasan, penempatan atas aset yang diperlukan dalam bentuk bukan investasi pada aset asuransi yang bersumber dari perjanjian kontrak jangka panjang program reasuransi dukungan modal, biaya akuisisi yang ditangguhkan. This SEOJK is required to regulate provisions concerning the approval of investment placements that exceed the limits, placement of the required assets in the form of non-investment in insurance assets derived from long-term contracts of capital support reinsurance programs, deferred acquisition costs. Surat Edaran Otoritas Jasa Keuangan No 27/SEOJK.05/2017 Tentang Pedoman Pembentukan Cadangan Teknis Bagi Perseroan Asuransi dan Perseroan Rerasuransi Circular Letter of the Financial Services Authority No. 27/SEOJK.05/2017 regarding Guidelines for the Establishment of Technical Reserves for Insurance Companies and Rerasuransi Companies 12 RESUME Corporate Governance Surat Edaran Otoritas Jasa Keuangan No 26/SEOJK.05/2017 Tentang Persetujuan Penempatan Investasi Dan Bukan Investasi Pada Perseroan Reasuransi, Perseroan Asuransi Syariah dan Perseroan Reasuransi Syariah Circular Letter of the Financial Services Authority No. 26/SEOJK.05/2017 concerning Approval of Investment and Non-Investment Placement in Reinsurance Companies, Sharia Insurance Companies and Sharia Reinsurance Companies RINGKASAN 3. Q3 Period NAMA PERATURAN REGULATION NAME Surat Edaran Otoritas Jasa Keuangan 37/05/2017 Tentang Pedoman Penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorismen Di Sektor Industri Keuangan Non Bank Circular Letter of the Financial Services Authority 37/05/2017 about Guidelines for Implementation of Anti Money Laundering and Counter-Terrorism Financing Programs in Non-Bank Financial Industry Sector Peraturan Otoritas Jasa Keuangan Nomor 55/POJK.05/2017 Tentang Laporan berkala Perseroan perasuransian Regulation of the Financial Services Authority No. 55/POJK.05/2017 about the Insurance Company's Periodic Report RINGKASAN RESUME DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Surat Edaran ini mengatur terkait dengan penerapan program APU dan PPT berbasis risiko (risk based approach), pengawasan aktif direksi dan dewan komisaris, kebijakan dan prosedur, pengendalian intern serta informasi manajemen dan sumber daya Penyesuaian terhadap ketentuan yang ada di dalam & manusia dan pelatihan telah dilakukan action plan atas requirement yang ada This Circular Letter regulates the implementation of APU and PPT programs with risk-based approach, active supervision of directors and board of commissioners, policies and procedures, internal control and management and human resource information and training Peraturan Otoritas Jasa Keuangan ini diperlukan untuk mengatur penyusunan laporan berkala Perseroan perasuransian, penyampaian laporan berkala Perseroan perasuransian serta sanksi administratif This regulation of Financial Services Authority is required to regulate the preparation of periodic reports of insurance companies, the submission of periodic reports of insurance companies and administrative sanctions Adjustment to existing internal provisions & action plan has been made on the existing requirements Penyesuaian terhadap peraturan & telah dilakukan action plan oleh unit terkait Adjustment to the regulations & action plan has been undertaken by related units Annual Report 2017 | PT BNI Life Insurance 307
  308. Fungsi Kepatuhan Compliance Function NAMA PERATURAN NO . REGULATION NAME TATA KELOLA PERUSAHAAN Peraturan Otoritas Jasa Keuangan No 12/ POJK.01/2017 Tentang Penerapan Keuangan Berkelanjutan Bagi Lembaga Jasa Keuangan, Emiten dan Perseroan Publik Regulation of the Financial Services Authority No. 12/POJK.01/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Issuers and Public Companies 3 Peraturan Otoritas Jasa Keuangan No 56/ POJK.05/2017 Tentang Perubahan Kedua Atas Peraturan Otoritas Jasa Keuangan Nomor 1/POJK.05/2016 Tentang Investasi Surat Berharga Negara Bagi Lembaga Jasa Keuangan Non Bank 4 This POJK is required for the implementation of sustainable finance, incentives POJK ini mengubah ketentuan yang ada di dalam pasal 4a Circular Letter of Financial Services Authority This SEOJK is required to regulate the implementation provisions No. 46/SEOJK.05/2017 about fraud Control, regarding fraud control, the application of anti-fraud strategy and implementation of anti-fraud strategy and anti-fraud strategy report anti-fraud strategy report for insurance companies, sharia insurance companies, reinsurance companies, sharia reinsurance companies or sharia units NO. 308 POJK ini diperlukan untuk penerapan keuangan berkelanjutan, pemberian insentif Surat Edaran Otoritas Jasa keuangan No 46/ SEOJK.05/2017 Tentang Pengendalian fraud, penerapan strategi anti fraud dan laporan strategi anti fraud bagi Perseroan, Perseroan asuransi Syariah, Perseroan reasuransi, SEOJK ini diperlukan untuk mengatur mengenai ketentuan Perseroan reasuransi Syariah atau unit pelaksanaan mengenai pengendalian fraud, penerapan strategi Syariah anti fraud dan laporan strategi anti fraud 4. Periode Q4 2 RESUME Regulation of the Financial Services This POJK amended the provisions contained in article 4a Authority No. 56/POJK.05/2017 concerning the Second Amendment to the Regulation of Financial Services Authority No. 1/ POJK.05/2016 on Investment of Government Securities for Non Bank Financial Institutions 5 1 RINGKASAN DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Penyesuaian terhadap peraturan & telah dilakukan action plan oleh unit terkait Adjustment to the regulations & action plan has been undertaken by related units Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Adjustment to the regulations & action plan has been undertaken by related units Penyesuaian terhadap peraturan dan telah dilakukan action plan oleh unit terkait Adjustment to the regulations & action plan has been undertaken by related units 4. Period Q4 NAMA PERATURAN REGULATION NAME Rancangan Surat Peraturan Otoritas Jasa Keuangan (“RPOJK”) Nomor …./ POJK.05/2017 tentang Pendanaan Dana Pensiun RINGKASAN RESUME RPOJK ini diperlukan untuk mengatur ketentuan mengenai Pemberi kerja dapat membayar kontribusi untuk dan atas nama karyawan dan karyawan mempersiapkan pernyataan berhubungan dengan jumlah kontribusi dan tanggal jatuh tempo. Dana berasal dari Perseroan/karyawan dan /atau bunga dana This RPOJK is required to regulate provisions concerning Draft of Regulation of the Financial Services Employers may pay contributions to and on behalf of employees Authority ("RPOJK") No. ... /POJK.05/2017 on and employees preparing statements relating to the amount Funding of Pension Funds of contributions and due dates. Funds are originated from companies/employees and/or interest funds Rancangan Surat Peraturan Otoritas RPOJK ini diperlukan untuk mengatur ketentuan mengenai Jenis Jasa Keuangan (“RPOJK”) Nomor …./ laporan yang harus diserahkan kepada OJK seperti laporan POJK.05/2017 tentang Laporan Berkala Dana bulanan, laporan tahunan dan lain-lain Pensiun This RPOJK is required to set the provisions on the types of Draft of Regulation of the Financial Services reports that must be submitted to OJK such as monthly reports, Authority ("RPOJK") No. ... /POJK.05/2017 on annual reports and others Periodical Report of Pension Fund PT BNI Life Insurance | Laporan Tahunan 2017 DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait. Adjustment to the regulations & action plan will be undertaken by related units. Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait. Adjustment to the regulations & action plan will be undertaken by related units.
  309. Fungsi Kepatuhan Compliance Function NO . 4 RINGKASAN RESUME DAMPAK & TINDAK LANJUT IMPACT & FOLLOW UP RPOJK ini diperlukan untuk mengatur ketentuan mengenai GCG harus dilaksanakan dalam bentuk: Tanggung jawab dan akuntabilitas pengelolaan dan pengawas Divisi dan komite yang melaksanakan pengendalian internal dana pensiun Pelaksanaan Kepatuhan, Internal Auditor dan Fungsi Auditor Eksternal Penerapan Manajemen Risiko Rancangan Surat Peraturan Otoritas Remunerasi Jasa Keuangan (“RPOJK”) Nomor …./ Rencana Bisnis POJK.05/2017 tentang Tata Kelola Yang Baik Transparansi Keuangan dan Non Keuangan Penyesuaian terhadap peraturan dan akan dilakukan Bagi Dana Pensiun action plan oleh unit terkait. This RPJOK is required to regulate the provisions on GCG to be Adjustment to the regulations & action plan will be Draft of Regulation of the Financial Services implemented in the form of: undertaken by related units. Authority ("RPOJK") No. ... /POJK.05/2017 on Responsibility and accountability of management and supervision Good Governance for Pension Funds Division and committees that implement internal control of pension funds Implementation of Compliance, Internal Auditor and External Auditor Function Implementation of Risk Management Remuneration Business plan Financial and Non-Financial Transparency PSAK 71 (Adopsi IFRS 9 amandemen) untuk perubahan regulasi dalam persyaratan yang terkait dengan instrumen keuangan seperti klasifikasi dan pengukuran, penurunan nilai, dan akuntansi lindung nilai PSAK 71 (IFRS 9 amendment adoption) for regulatory changes in requirements relating to financial instruments such as classification and measurement, impairment, and hedge accounting Peraturan ini diperlukan untuk mengatur ketentuan Jika aset keuangan adalah instrumen hutang yang sederhana dan tujuan dari model bisnis entitas adalah untuk memperoleh arus kas kontraktual, aset keuangan diukur pada biaya perolehan diamortisasi, sebaliknya jika aset keuangan dimiliki oleh model bisnis untuk memperoleh kontrak arus kas dan perdagangan, aset diukur pada nilai wajar dan disajikan dalam laporan posisi keuangan; Model kerugian penurunan nilai kredit yang diharapkan; This regulation is necessary to regulate the provisions if a financial asset is a simple debt instrument and the purpose of the entity's business model is to obtain a contractual cash flow, the financial asset is measured at amortized cost, otherwise if the financial asset is owned by the business model to obtain a cash flow and trading contract , the asset is measured at fair value and presented in the financial position statements; Model of expected credit loss; Corporate Governance 3 NAMA PERATURAN REGULATION NAME Penyesuaian terhadap peraturan dan akan dilakukan action plan oleh unit terkait. Adjustment to the regulations & action plan will be undertaken by related units. Program Kerja tahun 2018 Kegiatan usaha BNI Life yang terus mengalami pertumbuhan secara signifikan dan kompleksitas kegiatannya semakin tinggi mengakibatkan tantangan dan eksposur risiko yang dihadapi juga semakin besar sehingga diperlukan berbagai macam upaya untuk memitigasi risiko tersebut, yang salah satunya adalah risiko kepatuhan. 2018 Work Program BNI Life's business activities that continue to experience significant growth and the increased complexity of its activities causing higher challenges and exposure to risks, hence various efforts are needed to mitigate such risks, one of which is compliance risk. Salah satu hal yang menjadi perhatian adalah menjaga keselarasan pertumbuhan bisnis dengan perubahan peraturan sehingga perubahanperubahan tersebut menjadi alat bantu bagi Perseroan untuk mencapai sasaran bisnisnya. One of the concerns is maintaining the alignment of business growth with regulatory changes so that those changes become supporting tools for the Company to achieve business goals. Tentunya, pencapaian bisnis yang baik saat ini harus didukung oleh infrastruktur yang mampu mempertahankan pencapaian tersebut di masa yang akan datang. Salah satu pondasi yang baik adalah bahwa bisnis diperoleh dengan mengedepankan kepentingan stakeholder terutama nasabah. Untuk mencapai hal tersebut, maka divisi kepatuhan BNI Life menetapkan beberapa kebijakan untuk tahun 2018, yaitu: 1. Meningkatkan Budaya dan Etika Kepatuhan Memiliki budaya dan etika yang baik akan meningkatkan reputasi Perseroan. Oleh karena itu di tahun 2018, Perseroan tetap mencanangkan peningkatan budaya dan etika kepatuhan, melalui: Undoubtly, the achievement of a good business today must be supported by infrastructure that is able to maintain these achievements in the future. One good foundation is that business is gained by prioritizing the interests of stakeholders, especially customers. To achieve this, BNI Life's compliance division establishes several policies for 2018, namely: 1. Enhance the Compliance Culture and Ethics Having a good culture and ethics will enhance the Company's reputation. Therefore, by 2018, the Company continues to promote the compliance culture and ethics, through: Annual Report 2017 | PT BNI Life Insurance 309
  310. Fungsi Kepatuhan Compliance Function TATA KELOLA PERUSAHAAN 310 • Melakukan pelatihan secara berkala mengenai nilai Perseroan, kode etik dan juga etika bisnis kepada karyawan dan tenaga pemasar. • Melakukan sosialisasi mengenai nilai Perseroan dan kode etik kepada karyawan melalui email secara berkala. • Conduct regular training on corporate value, code of conduct as well as business ethics to employees and sales force. • Periodically socialize corporate values and ​​ codes of conduct to employees by email. 2. Analisis Tingkat Risiko Kepatuhan Mengetahui tingkat Risiko Kepatuhan akan dibutuhkan untuk mengevaluasi penerapan-penerapan kebijakan ekternal dan internal sehingga perbaikan yang terus menerus dapat dilaksanakan dengan baik. Hal-hal yang akan dilakukan dalam menganalisis tingkat risiko adalah: • Melakukan Evaluasi penerapan kebijakan eksternal • Menerbitkan Dashboard Kepatuhan 2. Analysis on Compliance Risk Level Knowing the level of Compliance Risk will be needed to evaluate the implementation of external and internal policies so that continuous improvement can be carried out properly. The things that will be done in analyzing the level of risk are: • Evaluate the implementation of external policies • Issuing a Compliance Dashboard 3. Menyelaraskan peraturan dengan strategi bisnis. Fungsi kepatuhan Perseroan akan bergeser ke arah pendekatan yang proaktif atas persyaratan regulasi, melalui: • Membangun hubungan yang lebih dekat dengan unit support dan bisnis untuk mengidentifikasi kebutuhan mereka terkait dengan fungsi kepatuhan. Hal ini juga untuk mengakomodasi dan mengantisipasi peraturan-peraturan yang mungkin berdampak terhadap bisnis Perseroan. • Menyelaraskan persyaratan regulasi dengan tujuan bisnis. 3. Aligning regulations with business strategy. The Company's compliance function will shift toward a more proactive approach on regulatory requirements, through: • Build closer relationships with supporting and business units to identify their needs related to compliance function, also to accommodate and anticipate the regulations that may impact the Company's business. 4. Meningkatkan Prosedur Perlindungan Data Nasabah Perkembangan teknologi saat ini menyebabkab seakan-akan tidak ada lagi batasan informasi. Setiap informasi nasabah seolaholah sangat mudah untuk didapatkan. Hal ini menjadi perhatian Perseroan untuk melakukan peran aktif dalam melindungan data nasabah. Hal-hal yang akan dilakukan, meliputi: • Kajian atas akses karyawan, tenaga pemasar dan nasabah ke aplikasi Perseroan • Ruang lingkup dokumen rahasia dan prosedur terkait. 4. Improve Customer Data Protection Procedures The current technological developments lead to the absence of information constraints. Every customer's information seems very easy to obtain. This has become the ompany's concern to take an active role in protecting customer data. Things that will be done, including: 5. Meningkatkan Implementasi Anti Pencucian Uang dan Pendanaan Teroris Seiring dengan diterbitkannya Peraturan Otoritas Keuangan tentang Anti Pencucian Uang dan Pendanaan Teroris yang berlaku buat seluruh industri keungan, maka BNI Life sebagai salah satu lembaga keuangan akan mengembangkan implementasi Anti Pencucian Uang dan Pendanaan Teroris berbasis risiko. Pendekatan risiko dilakukan berdasarkan profil nasabah, wilayah, jenis produk dan saluran distribusi. 5. Improve the Implementation of Anti Money Laundering and Terrorist Financing Along with the issuance of the Financial Authority Regulation on AntiMoney Laundering and Terrorist Financing that is applicable to the entire financial industry, BNI Life as one of the financial institutions will develop the implementation of Risk-based Anti-Money Laundering and Terrorist Financing. The risk approach is based on customer profile, region, product type and distribution channel. PT BNI Life Insurance | Laporan Tahunan 2017 • Align regulatory requirements with business objectives. • Review on employee, sales force and customer access to the Company’s applications • CcopS of confidential documents and related procedures.
  311. Sistem Pengendalian Internal Perkara Penting Litigation Internal Control System The Internal control system is prepared as a tool to detect and prevent irregularities in the implementation of predetermined plans . Internal control is expected to give assurances that all activities have been carried out in accordance with applicable regulations. Sistem pengendalian intern disusun sebagai alat untuk mendeteksi dan mencegah terjadinya penyimpangan dalam pelaksanaan suatu aktivitas dari rencana yang telah ditetapkan. Internal control system is designed as a tool to detect and prevent the occurrence of irregularities in the activity implementation of a predetermined plan. Dengan dilaksanakannya pengendalian intern diharapkan dapat diperoleh kepastian bahwa seluruh aktivitas telah dilaksanakan sesuai dengan ketentuan yang berlaku Agar dapat berjalan dengan efektif dan efisien, Pengendalian Intern harus dipahami dengan prinsip atau konsep dasar sebagai berikut: 1. Merupakan suatu bagian yang tidak terpisahkan dari tanggung jawab manajemen dalam mengelola Perseroan. 2. Efektivitas pengendalian intern sangat/lebih tergantung dari unsur ”manusia” bukan sekedar dari kualitas kebijakan ataupun prosedur formal. Yang dimaksud manusia adalah individu di setiap level di dalam organisasi Perseroan. 3. Merupakan bagian yang terintegrasi secara komprehensif dalam sistem dan prosedur kegiatan seluruh unit di Perseroan. 4. Terkait dengan identifikasi dan pengelolaan seluruh risiko yang melekat pada aktivitas Perseroan. 5. Pengendalian Intern berfokus pada proses, sehingga pihak yang paling dominan yang dapat menentukan kualitas Pengendalian Intern adalah pihak yang terkait dengan proses aktivitas Perseroan dan perbaikan pengendalian berarti adalah perbaikan proses operasi. By carrying out internal control, certainty that all activities have been implemented in accordance with applicable provisions is expected to be obtained. In order to run effectively and efficiently, Internal Control must be comprehended with the following basic principles or concepts: Pengendalian intern hanya dapat diharapkan memberikan reasonable assurance bukan absolute assurance. Internal control can only be expected to provide reasonable assurance not absolute assurance. Corporate Governance Sistem pengendalian intern disusun sebagai alat untuk mendeteksi dan mencegah terjadinya penyimpangan dalam pelaksanaan suatu aktivitas dari rencana yang telah ditetapkan. Dengan dilaksanakannya pengendalian intern diharapkan dapat diperoleh kepastian bahwa seluruh aktivitas telah dilaksanakan sesuai dengan ketentuan yang berlaku. 1. It is an integral part of management responsibility in managing the Company. 2. The effectiveness of internal control is mostly/more dependent upon the “human” element, not just the quality of formal policies or procedures. The definition of human is the individual at every level in the Company organization. 3. It forms a comprehensive integrated part of the system and procedures for activities of all units in the Company. 4. It is related to the identification and management of all risks inherent in the Company’s activities. 5. Internal Control focuses on the process, so that the most dominant party who can dictate the Internal Control quality is the party associated with the Company’s activities, and improvement of control means improvement of operational process. Perkara Penting Litigation Sepanjang tahun 2017 PT BNI Life Insurance, anggota Dewan Komisaris, Dewan Pengawas Syariah dan Direksi BNI Life tidak terlibat dalam kasus hukum apa pun. Throughout 2017 PT BNI Life Insurance, members of BNI Life Board of Commissioners, Sharia Supervisory Board and Board of Directors were not involved in any legal case. Annual Report 2017 | PT BNI Life Insurance 311
  312. Akses Informasi dan Data Perseroan Akses Informasi dan Data Perseroan Access to Company Information and Data Access to Company Information and Data TATA KELOLA PERUSAHAAN Untuk memperoleh informasi umum mengenai Perseroan , masyarakat dapat mengakses situ resmi Perseroan yaitu www. bni-life.co.id. Perseroan berupaya untuk mewujudkan keterbukaan informasi melalui situs resmi yang dikelola Perseroan guna menjangkau lebih dekat dengan para pemangku kepentingan. Situs resmi Perseroan dapat diakses secara melalui desktop maupun mobile. For general information about the Company, the public can access the official Company website at www.bni-life.co.id. The Company seeks to achieve transparency of information via the official website to get closer to the stakeholders. The company’s official website can be accessed via desktops and mobiles. Daftar Siaran Pers yang diterbitkan List of Published Press Releases Sebagai salah satu bentuk implementasi prinsip transparansi, Perseroan secara berkala menyebarluaskan informasi material mengenai aktivitas dan kinerja Perseroan. Keterbukaan informasi tersebut juga dalam rangka memenuhi amanat dan ketentuan kepada Otoritas Jasa Keuangan. As a form of implementation of transparency principle, the Company periodically disseminates material information regarding the Company's activities and performance. Disclosure of such information is also in order to meet the mandate and provision to the Financial Services Authority. Perseroan menerbitkan siaran pers, mempublikasikan kinerja dan hasil usaha Perseroan secara berkala setiap triwulan di media massa nasional dan menggelar konferensi pers. Perseroan juga menerbitkan buku Laporan Tahunan yang dibagikan kepada pemegang saham dan pemangku kepentingan lainnya. Penyerahan laporan secara periodik dan publikasi atas informasi material serta ketepatan waktu dan akurasi atas Laporan Keuangan dan berbagai keterbukaan informasi lainnya selalu menjadi perhatian utama Perseroan. The Company publishes press releases regarding the Company's performance and results of its operations on a quarterly basis in the national press and holds press conferences. The Company also publishes Annual Reports that are shared with shareholders and other stakeholders. The submission of periodic reports and the publication of material information as well as timeliness and accuracy of the Financial Statements and other information disclosures are always of primary concern to the Company. Tanggal No 312 Judul Date Title Distribusi Distribution 1 13 Januari 2017 January 13, 2017 BNI Life Peduli Pidie Jaya BNI Life’s Concern to Pidie Jaya Media Nasional & Ekonomi National & Economy Media 2 19 Februari 2017 February 19, 2017 BNI Life Salurkan Dana CSR Untuk Korban Longsor Singaraja Bali BNI Life Distributed CSR Funds for Bali Singaraja Landslide Victims Media Nasional & Ekonomi National & Economy Media 3 23 Maret 2017 March 23, 2017 BNI Life Optimistis Raih Pertumbuhan Tahun 2017 Perseroan berkomitmen untuk mengembangkan bisnis di Kalimantan Timur BNI Life’s Optimism to Achieve Growth in 2017 The Company is committed to developing its business in East Kalimantan Media Nasional & Ekonomi National & Economy Media 4 2 Mei 2017 May 2, 2017 BNI Life Serahkan Polis Asuransi Jiwa Kepada Pemenang Inacraft Award 2017 BNI Life Gave Life Insurance Policy to the Winner of 2017 Inacraft Award Media Nasional & Ekonomi National & Economy Media 5 11 Mei 2017 May 11, 2017 BNI Life Serahkan Hadiah “Amazing Ride Program” BNI Life Awarded "Amazing Ride Program" Media Nasional & Ekonomi National & Economy Media 6 23 Juli 2017 July 23, 2017 Rayakan Hari Anak Nasional | Berani Bermimpi, untuk bekal hidup di masa depan Celebrate National Children's Day | Dare to Dream, for better life in the future Media Nasional & Ekonomi National & Economy Media 7 16 Agustus 2017 August 16, 2017 BNI Life Dukung Konser “Twilite Orchestra - Mimpi Anak Negeri” BNI Life Supported "Twilite Orchestra – Dream of the Children of the Country " Concert Media Nasional & Ekonomi National & Economy Media 8 25 September 2017 September 25, 2017 BNI LIFE BERBAGI BEKAL SEHAT DAN KICK OFF KAMPANYE #SiapkanBekalnya BNI LIFE SHARE HEALTHY PACKED MEAL AND KICK OFF CAMPAIGN #SiapkanBekalnya Media Nasional & Ekonomi National & Economy Media 9 8 November 2017 November 8, 2017 BNI Life Santuni Anak Korban Kejahatan di Pematang Siantar BNI Life Gave Donations to Child Victims of Crime in Pematang Siantar Media Nasional & Ekonomi National & Economy Media 10 24 November 2017 November 24, 2017 11 28 November 2017 November 28, 2017 Peringati HUT ke 21, BNI Life Ajak Generasi Siap Indonesia Siapkan Bekal Masa Depan Commemorating the 21st Anniversary, BNI Life Invites Indonesian Ready Generation to Prepare Better Future Media Nasional & Ekonomi National & Economy Media 12 29 November 2017 November 29, 2017 BNI Life Peduli dan Memberikan Penghargaan Asuransi PAYDI Kepada Pahlawan Olahraga Indonesia Menyambut Asian Games 2018  BNI Life Cared and Gave PAYDI Insurance Award To Indonesia Sports Hero in Welcoming the 2018 Asian Games Media Nasional & Ekonomi National & Economy Media PT BNI Life Insurance | Laporan Tahunan 2017 Pertumbuhan Profit BNI Life Meningkat 92% BNI Life's Profit Growth Increased 92% Media Nasional & Ekonomi National & Economy Media
  313. Akses Informasi dan Data Perseroan Access to Company Information and Data Daftar Surat menyurat dengan Bank Indonesia , OJK dan BEI Tanggal Date Correspondence List with Bank Indonesia, OJK and BEI Nomor Surat Perihal Letter’s Number Subject 001.BL.DIR-01.0117 06-Jan-17 011.BL.DIR-01.0117 Pelaporan Produk BNI Life Mprotection Plus, BNI Life Mprotection, BNI Life Plan Multi Protection BNI Life Mprotection Plus, BNI Life Mprotection, BNI Life Plan Multi Protection Product Reporting 10-Jan-17 013.BL.DIR-02.0117 Penyampaian Laporan Perhitungan Solvabilitas (RBC) Bulan Desember 2016 Solvency Calculation (RBC) Submission Report in December 2016 11-Jan-17 017.BL.DIR-01.0117 Penyampaian Laporan Program Reasuransi Otomatis Tahun 2017 (Konvensional) Submission of Automatic Reinsurance Program Report Year 2017 (Conventional) 12-Jan-17 021.BL.DIR-05.0117 Permohonan Persetujuan Kerjasama Bancassurance (Proteksi Prima) Approval Application for Bancassurance Cooperation Agreement (Prime Protection) 12-Jan-17 022.BL.DIR-01.0117 Penyampaian Laporan Program Reasuransi Otomatis Tahun 2017 (Syariah) Submission of Automatic Reinsurance Program Report Year 2017 (Sharia) 12-Jan-17 026.BL.DIR-01.0117 Laporan Pelaksanaan Program Pedoman Anti Pencucian dan Pencegahan Pendanaan Terorisme Report of Anti-Money Laundering and Terrorism Financing Prevention Program Implementation 17-Jan-17 030.BL.DIR-01.0117 Data Agen Asuransi PT BNI Life Insurance Semester II Tahun 2016 PT BNI Life Insurance Insurance Agent Data Semester II Year 2016 19-Jan-17 032.BL.DIR-01.0117 Permohonan Persetujuan Kerjasama Bancassurance (PA Protection) Approval Application for Bancassurance Cooperation Agreement (PA Protection) 19-Jan-17 033.BL.DIR-02.0117 Penyampaian Laporan Perhitungan Solvabilitas (RBC) Triwulan IV Tahun 2016 Solvency Calculation (RBC) Submission Report in 4th quarter of 2016 25-Jan-17 037.BL.DIR-01.0117 Pembukaan Kantor Pemasaran Mandiri PT BNI Life Insurance Tangerang Serpong PT BNI Life Insurance Marketing Office Tangerang Serpong Opening 25-Jan-17 038.BL.DIR-01.0117 Data Perseroan PT BNI Life Insurance PT BNI Life Insurance Company’s Data 27-Jan-17 041.BL.DIR-01.0117 Penyampaian Laporan Operasional Triwulan IV Th 2016 Konvensional Operational Report Submission in 4th Quarter of 2016 Conventional 27-Jan-17 042.BL.DIR-01.0117 Penyampaian Laporan Operasional Triwulan IV Th 2016 Syariah Operational Report Submission in 4th Quarter of 2016 Sharia 30-Jan-17 045.BL.DIR-01.0117 Pelaporan Syarat Berkelanjutan Pihak Utama Major Parties Continous Requirement Reporting 30-Jan-17 046.BL.DIR-01.0117 Pelaporan Syarat Berkelanjutan DPS DPS Continuous Requirement Reporting 30-Jan-17 048.BL.DIR-02.0117 Keuangan Perhitungan Solvabilitas (RBC) Triwulan IV Tahun 2016 Finance Solvency Calculation (RBC) Report Submission in 4th Quarter 2016 30-Jan-17 050.BL.DIR-01.0117 Laporan Edukasi Untuk Meningkatkan Literasi Keuangan Tahun 2016 Education to Increase Financing Literation Report 2016 06-Feb-17 056.BL.DIR-01.0217 Permohonan untuk Memperoleh Persetujuan Menjadi Auditor Internal Approval Application to Become Internal Auditor 06-Feb-17 057.BL.DIR-01.0217 Daftar Pemenuhan Dokumen Persyaratan Administratif Bagi Auditor Internal List of Administrative Documents Requirements Fulfillment For Internal Auditors 06-Feb-17 058.BL.DIR-01.0217 Permohonan persetujuan kerjasama bancassurance produk PA protection Plus Approval Application for bancassurance cooperation of PA protection Plus product 06-Feb-17 059.BL.DIR-01.0217 Permohonan persetujuan kerjasama bancassurance produk Proteksi Prima Approval Application for bancassurance cooperation of Proteksi Prima product 07-Feb-17 060.BL.DIR-01.0217 Permohonan Untuk Memperoleh Persetujuan Menjadi Pihak Utama Approval Application to become the main Party 08-Feb-17 061.BL.DIR-01.0217 Surat Pengantar Pencatatan BNI Life Perisai Plus Syariah Cover Letter for BNI Life Perisai Plus Sharia Recording 08-Feb-17 062.BL.DIR-01.0217 Surat Pengantar Pencatatan BNI Life ND Syariah Cover Letter for BNI Life ND Sharia Recording 08-Feb-17 065.BL.DIR-02.0217 Laporan RBC Bulan Januari 2017 RBC Report on January 2017 14-Feb-17 075.BL.DIR-01.0217 Laporan Rencana Mempekerjakan Tenaga Kerja Asing di PT BNI Life Insurance (Naruyoshi Kuwata) Report on Plan to Employ Foreign Worker at PT BNI Life Insurance (Naruyoshi Kuwata) 14-Feb-17 076.BL.DIR-01.0217 Laporan Rencana Mempekerjakan Tenaga Kerja Asing di PT BNI Life Insurance (Toshio Sawada) Report on Plan to Employ Foreign Worker at PT BNI Life Insurance (Toshio Sawada) 20-Feb-17 085.BL.DIR-04.0217 Laporan Penilaian Risiko Risk Assesment Report 20-Feb-17 086.BL.DIR-04.0217 Laporan Penerapan Risiko Risk Implementation Report 21-Feb-17 091.BL.DIR-01.0217 Kelengkapan Pelaporan Produk BNI Life Health Cash Protection BNI Life Health Cash Protection Product Reporting Completeness Annual Report 2017 | PT BNI Life Insurance Corporate Governance 03-Jan-17 Laporan Pelaksanaan Pendidikan Dan Pelatihan Tahun 2016 2016 Education and Training Implementation Report 313
  314. Akses Informasi dan Data Perseroan Access to Company Information and Data Tanggal Nomor Surat Date TATA KELOLA PERUSAHAAN 314 Perihal Letter ’s Number Subject 23-Feb-17 098.BL.DIR-01.0217 Pembukaan Kantor Pemasaran Mandiri PT BNI Life Insurance Bangka Baru Opening of PT BNI Life Insurance Bangka Baru Marketing Office 23-Feb-17 099.BL.DIR-04.0217 Laporan Penilaian Risiko Risk Assesment Report 24-Feb-17 104.BL.DIR-04.0217 Laporan Penerapan Risiko Risk Implementation Report 24-Feb-17 105.BL.DIR-01.0217 Notifikasi Penambahan Pilihan Program Produk Asuransi Kesehatan Kumpulan Optima Group Health Additional Product Option Notification of Optima Group Health Insurance Program 27-Feb-17 111.BL.DIR-04.0217 Laporan Penilaian Manajemen Resiko Syariah Sharia Risk Management Assesment Report 27-Feb-17 112.BL.DIR-01.0217 Penyampaian Laporan Penerapan Tata Kelola Perseroan yang Baik Bagi Perseroan Asuransi Tahun Buku 2016 PT BNI Life Insurance Submission of Good Corporate Governance Implementation for Insurance Company Report Fiscal Year 2016 of PT BNI Life Insurance 27-Feb-17 113.BL.DIR-01.0217 Penyampaian Hasil Realisasi Rencana Bisnis dan Laporan Hasil Pengawasan Dekom Business Plan Realization Report Submission and Board of Commissioners Supervisory Report 27-Feb-17 114.BL.DIR-04.0217 Laporan Penerapan Manajemen Resiko Syariah Sharia Risk Management Implementation Report 02-Mar-17 124.BL.DIR-01.0317 Pembukaan Kantor Pemasaran Mandiri PT BNI Life Insurance Bangka Baru PT BNI Life Insurance Bangka Baru Independent Marketing Office Opening 06-Mar-17 138.BL.DIR-01.0317 pelaporan pembukaan KPM Pati Kota Reporting on KPM Pati City Opening 06-Mar-17 139.BL.DIR-01.0317 pelaporan pembukaan KPM Kebumen Kota Reporting on KPM Kebumen City Opening 06-Mar-17 140.BL.DIR-01.0317 pelaporan pembukaan KPM Bantul Kota Reporting on KPM Bantul City Opening 06-Mar-17 141.BL.DIR-01.0317 pelaporan pembukaan KPM Bandar Lampung Kota Reporting on KPM Bandar Lampung City Opening 06-Mar-17 142.BL.DIR-01.0317 pelaporan pembukaan KPM Pangkal Pinang Pusat Reporting on KPM Pangkal Pinang Center Opening 10-Mar-17 157.BL.DIR-02.0317 pelaporan RBC Bulan Feb 2017 RBC reporting on February 2017 10-Mar-17 158.BL.DIR-01.0317 Pelaporan Produk Maxi Health Protection Maxi Health Protection Product Reporting 17-Mar-17 171.BL.DIR-01.0317 Penyampaian Covernote Notaris RUPST Tahun Buku 2016 AGMS Notary Covernote Fiscal Year 2016 Submission 21-Mar-17 178.BL.DIR-02.0317 pelaporan RBC Bulan Triwulan IV Revisi I 2016 RBC reporting on 4th quarter revision I 2016 21-Mar-17 180.BL.DIR-01.0317 Pelaporan Pemberhentian Tenaga Ahli dan/atau Tenaga Kerja Asing PT BNI Life Insurance (Shinsuke Hosokawa) Dismissal of Experts and/or Foreign Workers of PT BNI Life Insurance (Shinsuke Hosokawa) Reporting 21-Mar-17 181.BL.DIR-01.0317 pelaporan pembukaan KPM Pati Kota Reporting on KPM Pati City Opening 21-Mar-17 182.BL.DIR-01.0317 pelaporan pembukaan KPM Kebumen Kota Reporting on KPM Kebumen City Opening 21-Mar-17 183.BL.DIR-01.0317 pelaporan pembukaan KPM Bantul Kota Reporting on KPM Bantul City Opening 21-Mar-17 184.BL.DIR-01.0317 pelaporan pembukaan KPM Bandar Lampung Kota Reporting on KPM Bandar Lampung City Opening 21-Mar-17 185.BL.DIR-01.0317 pelaporan pembukaan KPM Pangkal Pinang Pusat Reporting on KPM Pangkal Pinang Center Opening 22-Mar-17 186.BL.DIR-01.0317 Pelaporan Pemberhentian Tenaga Ahli dan/atau Tenaga Kerja Asing PT BNI Life Insurance (Shinsuke Hosokawa) Reporting on Dismissal of Expert and/or Foreign Worker of PT BNI Life Insurance (Shinsuke Hosokawa) 23-Mar-17 190.BL.DIR-01.0317 Pelaporan Produk Asuransi Optima Group Health Managed Care Optima Group Health Managed Care Insurance Product Reporting 27-Mar-17 192.BL.DIR-02.0317 Penambahan obligasi Wajib Mandatory bond addition 29-Mar-17 194.BL.DIR-01.0317 Penyampaian Data atas Kuesioner Sektoral Risk Assesment Data Submission on Sectoral Risk Assessment Questionnaire 30-Mar-17 197.BL.DIR-02.0317 Pelaporan RBC Tahunan Audited & Laporan Auditor Desember 2016 Reporting on Annual Audited RBC & Auditor Report on December 2016 30-Mar-17 199.BL.DIR-01.0317 Surat Pengantar Laporan Tahunan DPS Tahun 2016 Cover Letter of DPS Annual Report 2016 04-Apr-17 206.BL.DIR-02.0417 Penjelasan Reklass Pencatatan Bagi Hasil Perseroan Laporan RBC Triwulan IV Explanation on Reclass Recording of Company Revenue Sharing Report RBC Quarter IV 10-Apr-17 225.BL.DIR-01.0417 Laporan Operasional Tahunan Tahun 2016 Konvensional Annual Operational Report 2016 Conventional PT BNI Life Insurance | Laporan Tahunan 2017
  315. Akses Informasi dan Data Perseroan Access to Company Information and Data Tanggal Date Nomor Surat Perihal Letter ’s Number Subject 226.BL.DIR-01.0417 10-Apr-17 227.BL.DIR-02.0417 Pelaporan RBC Bulan Maret 2017 RBC reporting on March 2017 11-Apr-17 229.BL.DIR-04.0417 Perpindahan Alamat KP Bandung 1 KP Bandung 1 Address Relocation 12-Apr-17 234.BL.DIR-01.0417 Permohonan Pengesahan Cadangan Premi Tahun 2016 Ratification Application for Premium Reserves in 2016 13-Apr-17 237.BL.DIR-01.0417 Penyampaian Akta Berita Acara RUPST Tahun Buku 2016 BNI Life BNI Life AGMS’s Minutes Deed of Fiscal Year 2016 Submission 17-Apr-17 240.BL.DIR-01.0417 Pembukaan KPM Kediri Kota KPM Kediri City Opening 17-Apr-17 241.BL.DIR-01.0417 Penutupan KP Samarinda KP Samarinda Closing 17-Apr-17 243.BL.DIR-01.0417 Permohonan Persetujuan Kerjasama Bancassurance Produk BNI Life Smart Protection Plus Approval Application Bancassurance Cooperation BNI Life Smart Protection Plus Product 18-Apr-17 244.BL.DIR-01.0417 Penyampaian Annual Report PT BNI Life Insurance Tahun 2016 PT BNI Life Insurance Annual Report 2016 Submission 18-Apr-17 247.BL.DIR-01.0417 Laporan Asuransi Mikro BNI Life Pandai Plus BNI Life Pandai Plus Micro Insurance Report 21-Apr-17 252.BL.DIR-02.0417 Penyampaian Laporan Aktuaris Tahun 2016 2016Actuary Report Submission 25-Apr-17 259.BL.DIR-01.0417 Surat Pengantar Pencatatan BNI Life Sakinah Optima Care Cover Letter for BNI Life Sakinah Optima Care Recording 25-Apr-17 260.BL.DIR-01.0417 Laporan Operasional Tahunan Tahun 2016 Syariah 2016 Annual Sharia Operational Report 25-Apr-17 261.BL.DIR-01.0417 Laporan Operasional Triwulan I Tahun 2017 Syariah Sharia 1st Quarter 2017 Operational Report 26-Apr-17 267.BL.DIR-02.0417 Penyampaian Laporan RBC Triwulan 1 2017 RBC 1st Quarter 2017 Report Submission 27-Apr-17 276.BL.DIR-02.0417 Surat Pengantar Laporan RBC RBC Report Cover Letter 27-Apr-17 277.BL.DIR-02.0417 Penyampaian Laporan Pelaksanaan Penempatan Reasuransi 2016 2016 Reassurance Placement Implementation Report Submission 27-Apr-17 278.BL.DIR-02.0417 Penyampaian Laporan Pelaksanaan Reasuransi Tahun 2016 untuk Syariah 2016 Sharia Reassurance Implementation Report Submission 28-Apr-17 285.BL.DIR-02.0417 Surat Pengantar Tindak Lanjut Pelaporan Produk BNI Life Berjangka + TPD Syariah Cover Letter of Reporting on Follow Up of Follow Up BNI Life Berjangka + TPD Sharia Product 04-May-17 291.BL.DIR-01.0517 Perubahan Struktur Organisasi PT BNI Life Insurance PT BNI Life Insurance Organizational Structure Changes 05-May-17 293.BL.DIR-01.0517 Surat Pengantar Pelaporan BNI Life Syariah InvestLink Cover Letter for BNI Life Sharia Investlink Report 08-May-17 294.BL.DIR-01.0517 Penutupan KP Samarinda. KP Samarinda Closing 10-May-17 299.BL.DIR-02.0517 Laporan RBC Bulan April 2017 RBC Report on April 2017 17-May-17 307.BL.DIR-01.0517 Pelaporan Pemberhentian Aktuaris Perseroan Company’s Actuary Dismissal Report 24-May-17 334.BL.DIR-01.0517 Pembukaan KP Kupang KP Kupang Opening 26-May-17 338.BL.DIR-01.0517 Kelengkapan Dokumen Permohonan Penilaian Kemampuan Dan Kepatutan bagi Calon Pihak Utama BNI Life (Aktuari & SPI) Completed Application Document for Capability and Suitability Assessment for BNI Life Key Personnels (Aktuary & SPI) 29-May-17 340.BL.DIR-01.0517 Tanggapan Laporan Hasil Pemeriksaan Langsung Sementara (LHPLS) OJK atas BNI Life Response on OJK Direct Inspection Outcome Report (LHPLS) on BNI Life 29-May-17 341.BL.DIR-01.0517 Surat Pengantar Permohonan Diskusi terkait Tanggapan LHPLS OJK atas BNI Life. Cover Letter of Discussion Request Related to LHPLS OJK Response on BNI Life 30-May-17 342.BL.DIR-04.0517 Penyampaian Action Plan terkait Penerapan Program APU dan PPT Submission of Action Plan Related to APU and PPT Program Implementation 31-May-17 344.BL.DIR-01.0517 Perubahan alamat kantor Office’s Address Changes 02-Jun-17 347.BL.DIR-01.0617 Penyampaian Laporan Perubahan Anggota Dewan Komisaris Submission of Report on Board of Commissioners Members Change 07-Jun-17 365.BL.DIR-01.0617 Kelengkapan dokumen TKA Toshio Sawada Foreign Worker Toshio Sawada Document Completeness 08-Jun-17 424.BL.DIR-02.0617 Penyampaian Laporan Perhitungan Solvabilitas (RBC) Bulan Mei 2017 Solvency Calculation (RBC) Report Submission in May 2017 Corporate Governance 10-Apr-17 Laporan Operasional Triwulan I Tahun 2017 Konvensional Operational Report on 1st Quarter 2017 Conventional Annual Report 2017 | PT BNI Life Insurance 315
  316. Akses Informasi dan Data Perseroan Access to Company Information and Data Tanggal Nomor Surat Date TATA KELOLA PERUSAHAAN 316 Perihal Letter ’s Number Subject 08-Jun-17 486.BL.DIR-01.0617 Permohonan untuk Memperoleh Persetujuan Menjadi Pihak Utama Application for Obtaining Approval to Be Key Personnels 14-Jun-17 499.BL.DIR-04.0617 Permohonan Rekomendasi Recommendation Application 14-Jun-17 500.BL.DIR-02.0617 Penjelasan Perimbangan Investasi dengan Kewajiban Explanation of Investment with Obligations Balance 15-Jun-17 502.BL.DIR-01.0617 Permohonan Penilaian Kemampuan dan Kepatutan Pihak Utama Requests for Key Personnel's Ability and Appropriateness Assessment 21-Jun-17 512.BL.DIR-01.0617 Permohonan Rekomendasi Kesehatan Perseroan Application for Company’s Health Recommendation 21-Jun-17 513.BL.DIR-01.0617 Pelaporan Penetapan Pengendali PT BNI Life Insurance PT BNI Life Insurance Controlling Determination Reporting 21-Jun-17 516.BL.DIR-01.0617 Laporan berkala Mengenai Hasil Evaluasi Komite Audit Terhadap Pelaksanaan Pemberian Jasa Audit Oleh Kantor Akuntan Publik Periodical Report on Audit Committee Evaluation Results of Audit Services Implementation by Public Accounting Firm 05-Jul-17 527.BL.DIR-01.0717 Penutupan KPM Medan Pertambangan, Magelang, Menteng, Badung Bali KPM Medan Pertambangan, Magelang, Menteng, Badung Bali Closing 05-Jul-17 528.BL.DIR-01.0717 Persetujuan Bancassurance Perisai Plus Perisai Plus Bancassurance Approval 10-Jul-17 537.BL.DIR-04.0717 Laporan pengendalian Strategi Anti Fraud Anti Fraud Strategy Controlling Report 10-Jul-17 538.BL.DIR-04.0717 Laporan pengendalian Strategi Anti Fraud Anti Fraud Strategy Controlling Report 12-Jul-17 539.BL.DIR-01.0717 Permohonan Persetujuan Kerjasama Bancassurance Produk Health Cash Protection Health Cash Protection Bancassurance Agreement Approval Application 12-Jul-17 540.BL.DIR-02.0717 Laporan RBC Syariah Juni 2017 RBC Sharia Report on June 2017 17-Jul-17 552.BL.DIR-04.0717 Pelaporan Pembukaan KPM Samarinda Kota Reporting on KPM Samarinda Opening 18-Jul-17 557.BL.DIR-03.0717 Pengajuan Permohonan Kerjasama BNI Life Perisai Plus Syariah dengan Bank BNI Syariah Submission of Cooperation Application of BNI Life Perisai Plus Sharia with Bank BNI Syariah 18-Jul-17 558.BL.DIR-03.0717 Pengajuan Permohonan Kerjasama BNI Life Pembiayaan Syariah dengan Bank BCA Syariah Submission of Cooperation Application of BNI Life Pembiayaan Sharia with Bank BCA Syariah 19-Jul-17 560.BL.DIR-01.0717 Laporan Tindak Lanjut Rekomendasi LHPLF Audit OJK Tahun 2017 LHPLF OJK Audit Follow-Up Report 2017 24-Jul-17 563.BL.DIR-01.0717 Penyampaian Laporan Operasional Syariah Triwulan II Tahun 2017 Second Quarter 2017 Sharia Operational Report Submission 26-Jul-17 573.BL.DIR-02.0717 Penyampaian Laporan Solvabilitas Triwulan II Tahun 2017 Solvency for the 2nd Quarter of 2017 Report Submission 26-Jul-17 574.BL.DIR-02.0717 Laporan RBC Triwulan II 2017 Syariah ke OJK Second Quarter 2017 RBC Sharia Report to OJK 27-Jul-17 576.BL.DIR-01.0717 Pelaporan Produk BNI Life Pembiayaan Syariah Joint Income BNI Life Sharia Funding Joint Income Product Reporting 27-Jul-17 577.BL.DIR-01.0717 Penyampaian Laporan Operasional Triwulan II Tahun 2017 Second Quarter 2017 Operational Report Submission 31-Jul-17 586.BL.DIR-02.0717 Persetujuan Penambahan dan Pencairan Dana Jaminan Guarantee Funds Additions and Disbursement Approval 04-Aug-17 590.BL.DIR-01.0817 Laporan Produk BNI Life Saving Protection BNI Life Saving Protection Product Report 04-Aug-17 591.BL.DIR-01.0817 Permohonan Persetujuan Kerjasama Bancassurance Produk Perisai Plus Perisai Plus Product Bancassurance Agreement Approval Application 08-Aug-17 593.BL.DIR-03.0817 Laporan Solvabilitas Juli 2017 Solvability Report on July 2017 10-Aug-17 602.BL.DIR-02.0817 Penggantian Obligasi Dana Jaminan Jatuh Tempo Mature Guarantee Fund Bonds Replacement 11-Aug-17 609.BL.DIR-01.0817 Pelaporan Perubahan Susunan Dir & Dekom Report on Changes in Board of Directors and Board of Commissioners’ Structure 11-Aug-17 610.BL.DIR-01.0817 Pelaporan Pengangkatan TKA Foreign Worker Assignment Report 11-Aug-17 611.BL.DIR-01.0817 Pelaporan Pengangkatan Aktuaris Perseroan Company’s Actuary Appointment Report 11-Aug-17 612.BL.DIR-01.0817 Pelaporan Pengangkatan Auditor Internal Auditor Internal Appointment Report 21-Aug-17 619.BL.DIR-01.0817 Permohonan Persetujuan Kerjasama Bancassurance Optima Cash Plan Optima Cash Plan Bancassurance Agreement Approval Application 21-Aug-17 620.BL.DIR-04.0817 Permohonan Persetujuan Kerjasama Bancassurance Optima Cash Plan Optima Cash Plan Bancassurance Agreement Approval Application PT BNI Life Insurance | Laporan Tahunan 2017
  317. Akses Informasi dan Data Perseroan Access to Company Information and Data Tanggal Date Nomor Surat Perihal Letter ’s Number Subject 630.BL.DIR-01.0817 28-Aug-17 636.BL.DIR-01.0817 Pelaporan Produk Bancassurance Smart Protection Plus Bancassurance Smart Protection Plus Product Reporting 28-Aug-17 637.BL.DIR-01.0817 Pelaporan Produk Bancassurance Proteksi Prima Bancassurance Proteksi Prima Product Reporting 28-Aug-17 638.BL.DIR-01.0817 Pelaporan Produk Bancassurance BNI Life Safe Medical Plan + Bancassurance BNI Life Safe Medical Plan + Product Reporting 07-Sep-17 657.BL.DIR-02.0917 Pemberitahuan Susunan Direksi dan Dewan Komisaris Board of Directors and Board of Commissionaire Structure Notification 07-Sep-17 658.BL.DIR-02.0917 Perubahan Struktur Organisasi Organizational Structure Changes 07-Sep-17 659.BL.DIR-02.0917 Permohonan Persetujuan Kerjasama Bancassurance Bancassurance Agreement Approval Application 07-Sep-17 659.BL.DIR-02.0917 Permohonan Persetujuan Kerjasama Bancassurance (Maxi Health) Maxi Health Bancassurance Agreement Approval Application 11-Sep-17 669.BL.DIR-02.0917 Penyampaian Laporan Perhitungan Solvabilitas Bulan Agustus 2017 Solvency Calculation (RBC) Submission Report in August 2017 14-Sep-17 675.BL.DIR-02.0917 Pelaporan Produk Asuransi BNI Life Prochild BNI Life Prochild Insurance Product Reporting 18-Sep-17 680.BL.DIR-02.0917 Peningkatan Peran Serta IKNB di Daerah Improvement of IKNB Involvement in the Region 18-Sep-17 681.BL.DIR-02.0917 Pedoman Penerapan APU PPT APU PPT Implementation Guideline 18-Sep-17 690.BL.DIR-02.0917 Peningkatan Peran Serta IKNB di Daerah Improvement of IKNB Involvement in the Region 19-Sep-17 691.BL.DIR-02.0917 Laporan Tindak Lanjut Rekomendasi LHPLF Audit OJK Tahun 2017 LHPLF OJK Audit Follow-Up Report 2017 19-Sep-17 692.BL.DIR-03.0917 Pengajuan Permohonan Kerjasama Pemasaran Produk BNI Life Pembiayaan Syariah dengan Panin Dubai Syariah Approval Application of BNI Life Product Sharia Fund Marketing Cooperation with Panin Dubai Syariah 19-Sep-17 693.BL.DIR-03.0917 Permohonan Persetujuan Kerjasama Bancassurance Approval Application for Bancassurance Cooperation Agreement 28-Sep-17 727.BL.DIR-02-0917 Permohonan Persetujuan Kerjasama Bancassurance Approval Application for Bancassurance Cooperation Agreement 28-Sep-17 728.BL.DIR-02-0917 Permohonan Persetujuan Kerjasama Bancassurance Approval Application for Bancassurance Cooperation Agreement 28-Sep-17 729.BL.DIR-02-0917 Permohonan Persetujuan Kerjasama Bancassurance Approval Application for Bancassurance Cooperation Agreement 28-Sep-17 730.BL.DIR-02-0917 Permohonan Persetujuan Kerjasama Bancassurance Approval Application for Bancassurance Cooperation Agreement 29-Sep-17 737.BL.DIR-04-0917 Laporan Rencana Kegiatan Pengkinian Data Data Update Activity Plan Report 04-Oct-17 742.BL.DIR-02.1017 Pelaporan Perubahan Pimpinan Unit Syariah PT BNI Life Insurance Report on Changes in Leadership of Sharia Unit PT BNI Life Insurance 04-Oct-17 743.BL.DIR-02.1017 Pelaporan Perubahan Pimpinan Unit Syariah PT BNI Life Insurance Report on Changes in Leadership of Sharia Unit PT BNI Life Insurance 05-Oct-17 747.BL.DIR-02.1017 Pelaporan Pembukaan Kantor Customer Care Center Jakarta Report on Customer Care Center Jakarta Office Opening 06-Oct-17 751.BL.DIR-03.1017 Pengajuan Permohonan Kerjasama Produk BNI Life Pembiayaan Syariah dengan PT Bank Muamalat Cooperation Application BNI Life Product Shariah Funding with PT Bank Muamalat 06-Oct-17 752.BL.DIR-02.1017 Pelaporan Perubahan Produk Proteksi Prima Proteksi Prima Products Changes Reporting 06-Oct-17 753.BL.DIR-02.1017 Pelaporan Perubahan Produk PA Protection Plus PA Protection Plus Product Changes Reporting 09-Oct-17 761.BL.DIR-02.1017 Penyampaian Laporan Perhitungan Solvabilitas (RBC) Bulan September 2017 Solvency Calculation (RBC) Report Submission in September 2017 10-Oct-17 763.BL.DIR-02.1017 Tindak Lanjut Persetujuan Kerjasama Pemasaran Produk Asuransi Syariah BNI Life Pembiayaan Syariah Follow-up on Cooperation Agreement of Sharia Product Marketing BNI Life Sharia Fund 10-Oct-17 764.BL.DIR-02.1017 Tindak Lanjut Persetujuan Kerjasama Pemasaran Produk Asuransi Syariah BNI Life Perisai Plus Syariah Follow-up on Cooperation Agreement of Sharia Product Marketing BNI Life Perisai Plus Syariah 10-Oct-17 765.BL.DIR-02.1017 Permohonan Persetujuan Kerjasama Bancasurance Safe Medical Plan + Approval Application for Bancasurance Safe Medical Plan + Cooperation Agreement 10-Oct-17 766.BL.DIR-02.1017 Permohonan Persetujuan Kerjasama Bancasurance Smart Protection Plus Approval Application for Bancasurance Smart Protection Plus Cooperation Agreement Corporate Governance 23-Aug-17 Pelaporan Produk AJK BNI Life Proteksi Multi AJK BNI Life Multi Protection Product Reporting Annual Report 2017 | PT BNI Life Insurance 317
  318. Akses Informasi dan Data Perseroan Access to Company Information and Data Tanggal Nomor Surat Date TATA KELOLA PERUSAHAAN 318 Perihal Letter ’s Number Subject 10-Oct-17 767.BL.DIR-02.1017 Permohonan Persetujuan Kerjasama Bancasurance PA Protection Plus Approval Application for Bancasurance PA Protection Plus Cooperation Agreement 13-Oct-17 778.BL.DIR-02.1017 Permohonan Persetujuan Kerjasama Bancassurance (Optima Cash Plan) Approval Application for Bancassurance Cooperation Agreement (Optima Cash Plan) 13-Oct-17 780.BL.DIR-02.1017 Peningkatan Peran Serta IKNB di Daerah Improvement of IKNB Involvement in the Region 16-Oct-17 784.BL.DIR-02.1017 Dokumen Pelaporan Perubahan Produk BNI Life Plan Multi Protection BNI Life Plan Multiple Protection Product Changes Reporting Document 20-Oct-17 802.BL.DIR-02.1017 Pelaporan KPM Depok Cinere KPM Depok Cinere Reporting 20-Oct-17 803.BL.DIR-02.1017 Pelaporan TKA TKA Reporting 30-Oct-17 822.BL.DIR-02.1017 Penyampaian laporan Q3 2017 RBC dan Operasional RBC and Operational Q3 2017 Report Submission 31-Oct-17 831.BL.DIR-02.1017 Penyampaian RKAP 2018 RKAP 2018 Submission 31-Oct-17 832.BL.DIR-02.1017 Penyampaian RKAP 2018 RKAP 2018 Submission 31-Oct-17 833.BL.DIR-02.1017 Penyampaian Laporan Solvabilitas (RBC) Triwulan III 2017 Solvency (RBC) for the 3rd Quarter of 2017 Report Submission 31-Oct-17 835.BL.DIR-02.1017 Penyampaian laporan Q3 2017 RBC dan Operasional RBC and Operational Q3 2017 Report Submission 31-Oct-17 839.BL.DIR-02.1017 Rencana Edukasi & Literasi BNI Life Insurance 2017 BNI Life Insurance 2017 Education & Literacy Plan 06-Nov-17 868.BL.DIR-02.1117 Pelaporan Pembukaan KPM Gunung Sitoli Reporting on KPM Gunung Sitoli Opening 09-Nov-17 883.BL.DIR-02.1117 Penyampaian Laporan Perhitungan Solvabilitas (RBC) Bulan Oktober 2017 Solvency (RBC) Calculation Report Submission October 2017 09-Nov-17 885.BL.DIR-02.1117 Kelengkapan Dokumen Rencana Penggunaan TKA (Yasufumi Machii) Completed Document Plan of TKA Use (Yasufumi Machii) 14-Nov-17 896.BL.DIR-02.1117 Penyampaian Laporan Peningkatan Peran Serta IKNB di Daerah (Oktober) Submission of Improvement of IKNB Involvement in the Region Report (November) 22-Nov-17 907.BL.DIR-02.1117 Pelaporan Pembukaan Kantor Pemasaran Mandiri Pontianak Report on Pontianak Mandiri Marketing Office Opening 27-Nov-17 926.BL.DIR-02.1117 Permohonan Persetujuan Produk Managed Care Approval Application for Managed Care Products 27-Nov-17 927.BL.DIR-02.1117 Permohonan Persetujuan Produk Blife Fixed Protection Approval Application for Blife Fixed Protection Product 29-Nov-17 942.BL.DIR-03.1117 Permohonan Persetujuan Kerjasama Bancassurance (Prochild) Approval Application for Bancassurance Cooperation Agreement (Prochild) 30-Nov-17 950.BL.DIR-02.1117 Pelaporan Perpindaham Alamat KPM Banjarnegara Kota Report on KPM Banjarnegara Kota Relocation Address 04-Dec-17 952.BL.DIR-02.1217 Perubahan Struktur Organisasi PT BNI Life Insurance PT BNI Life Insurance Organizational Structure Changes 05-Dec-17 961.BL.DIR-02.1217 Laporan Tindak Lanjut Rekomendasi LHPLF Audit OJK Tahun 2017 LHPLF OJK Audit Follow-Up Report 2017 06-Dec-17 963.BL.DIR-02.1217 Laporan RBC Syariah November 2017 RBC Sharia Report November 2017 14-Dec-17 990.BL.DIR-02.1217 Penyampaian Laporan Peningkatan Peran Serta IKNB di Daerah (November) Submission of Improvement of IKNB Involvement in the Region Report (November) 14-Dec-17 991.BL.DIR-02.1217 Pelaporan Penutupan KPM Pontianak dan KPM Cianjur Bypass Report on KPM Pontianak and KPM Cianjur Bypass Closing 15-Dec-17 994.BL.DIR-02.1217 Pelaporan product asuransi jiwa kredit BNI Life Report on BNI Life insurance credit product 15-Dec-17 995.BL.DIR-02.1217 Pelaporan Produk Product Reporting 20-Dec-17 1008.BL.DIR-02.1217 Laporan Tindak Lanjut Rekomendasi LHPLF LHPLF Recommendations Follow-up Report 27-Dec-17 1017.BL.DIR-02.1217 Pelaporan Pemberhentian Technical Expert Report on Technical Expert Termination 27-Dec-17 1020.BL.DIR-02.1217 Pelaporan Perubahan Susunan Dewan Komisaris Report on Changes in Board of Commissioners Composition PT BNI Life Insurance | Laporan Tahunan 2017
  319. Kode Etik Perseroan Kode Etik Perseroan Corporate Code Of Conduct Corporate Code Of Conduct The Code of Conduct has significant meaning in the implementation of proper GCG within a company . As a form of BNI Life’s commitment and consistency to the implementation of GCG, the Company develops Company’s Code of Conduct. Pada hakikatnya, Kode Etik Perseroan merupakan turunan dan implementasi dari Budaya Perseroan yang terdiri dari Prinsip Pedoman 3P (People, Product, Process); 3S (Synergy, Service Standard, Segmented Sales); dan 3C (Customer Focus, Compliance, Cost Effectiveness). Pedoman ini menguraikan nilai-nilai dasar dan aturan utama perilaku yang wajib dipatuhi untuk membantu memastikan dalam menjalankan kegiatan bisnis sesuai dengan standar etika, hukum dan profesional. In essence, Corporate Code of Conduct is a derivative of a corporate culture that consists of 3P (People, Product, Process); 3S (Synergy, Service Standard, Segmented Sales); and 3C (Customer Focus, Compliance, Cost Effectiveness) Guiding Principles. These guidelines describe the basic values and key rules of conduct that must be followed to help ensure that business activities are conducted in accordance with ethical, legal and professional standards. Nilai-nilai dan Budaya Perseroan Corporate Values and Culture Perseroan memiliki nilai-nilai dan Budaya Perseroan yang tertuang dalam Prinsip Pedoman 3P (People, Product, Process); 3S (Synergy, Service, Standard); dan 3C (Customer Focus, Compliance, Cost Effectiveness). The Company has the Corporate Values and Culture as set forth in the Guiding Principles of 3P (People, Product, Process); 3 S (Synergy, Service, Standard); and 3 C (Customer Focus, Compliance, Cost Effectiveness). Prinsip Pedoman 3P Guiding Principles 3P People Karyawan BNI Life adalah mereka yang memiliki daya saing tinggi, bertanggung jawab terhadap tugasnya, mampu mengikuti arah perubahan dan dapat bekerja secara efisien, sehingga selalu mempunyai kesempatan untuk berkembang dan meningkatkan kualitas pribadi di Perseroan. People BNI Life’s employees are highly competitive people who are responsible for their tasks, adaptable to changes and able to work efficiently so that they always have an opportunity to develop and improve their personal quality in the Company. Product BNI Life senantiasa berpikir inovatif, memiliki gairah (passion) tinggi dan berpandangan (vision) jauh ke depan, dalam menentukan dan menciptakan produk-produk unggulan yang dikemas dengan baik sebagai produk andalan yang sesuai dengan dinamika perubahan iklim usaha maupun kebutuhan masyarakat. Product BNI Life always emphasizes innovation, high passion and future vision in defining and creating superior products that are appropriately packaged as premium products, in line with the changing business environment and needs of the public. Process Seiring dengan transformasi Perseroan, kami telah mengadopsi teknologi terkini Sun System untuk keperluan aktuaria, disusul dengan Software Prophet untuk keperluan aktuaria. Untuk langkah ke depan, diharapkan Perseroan sudah memiliki core system Asuransi jiwa yang baru dan handal. Perubahan dalam penerapan teknologi ini harus diarahkan dan dimanfaatkan sebesar-besarnya bagi peningkatan layanan yang lebih baik untuk para nasabah, mitra bisnis dan kepentingan penyelenggaraan Perseroan. Process In line with the transformation of the Company, we have adopted the latest technology of Sun System for accounting, followed by the Prophet Software for the actuarial. Looking ahead, the Company expects to have a new, highly capable core life insurance system. This technology would be applied in a focused and optimum way to improve service for customers, business partners and the interest of the Company’s administration. Prinsip Pedoman 3S Guiding Principles 3S Synergy Mulai tahun 2012, wujud transformasi Perseroan di sisi bisnis adalah dengan menjadikan Bancassurance sebagai tulang punggung pertumbuhan Perseroan melalui kerja sama dengan BNI. Tiga pilar lainnya, yaitu Agency, Employee Benefit, dan Syariah tetap akan dikembangkan secara optimal dan dijalankan dengan memafaatkan setiap kesempatan dan potensi untuk besinergi dengan unit bisnis Perseroan yang lain. Synergy Starting in 2012, the Company’s transformation in terms of business is be manifested by turning the Bancassurance business into the engine of growth through cooperation with BNI. The other three pillars, namely Agency, Employee Benefit and Sharia will still be developed optimally and run by making use of every opportunity and potential to create synergy with other business units of the Company. Annual Report 2017 | PT BNI Life Insurance Corporate Governance Kode Etik Perseroan memiliki arti penting dalam penerapan GCG yang baik di dalam sebuah Perseroan. Sebagai bentuk komitmen dan konsistensi BNI Life terhadap penerapan GCG, maka Perseroan membuat Pedoman Kode Etik yang menjadi pedoman perilaku Perseroan (Code of Conduct). 319
  320. Kode Etik Perseroan Corporate Code Of Conduct TATA KELOLA PERUSAHAAN 320 Service standards Melalui Balanced Score Card , Perseroan mendorong dedikasi seluruh karyawan untuk meningkatkan kemampuan pelayanan dengan meningkatkan daya saing, efisiensi, dan tanggung jawab, sehingga mampu mengikuti arah perubahan. Peningkatan tersebut mendorong karyawan untuk dapat memberikan pelayanan dengan standar tinggi dan sejajar dengan pesaing yang telah maju. Service Standard Through the Balanced Score Card, the Company encourages all employees to improve their service capabilities by enhancing competitiveness, efficiency and responsibility, in order to adapt to the course of changes. This will encourage employees to provide high quality services on a par with the advanced competitors. Segmented Sales Upaya meningkatkan pertumbuhan penjualan akan dilakukan denga strategi segmentasi pasar sejalan dengan perubahan potensi pasar yang teridentifikasi, tingkat persaingan dan kecepatan persiapan yang dapat dilakukan oleh Perseroan. Segmented Sales The effort to increase the sales will be taken through market segmentation strategy, following the identified changes in the market potential, the level of competition, and the speed of the preparation that the Company can make. Prinsip Pedoman 3C Guiding Principle 3C Customer Focus Setiap strategi yang ditetapkan dan kebijakan yang dilaksanakan didasarkan pada sudut pandang kebutuhan dan kepentingan nasabah tanpa merugikan kepentingan Perseroan. Customer-Focused All strategies set and policies implemented are based on the needs and interests of customers without detriment to the interests of the Company. Compliance Operasional Perseroan harus selalu memenuhi persyaratan compliance yang ada sehingga arah perubahan Perseroan tetap dapat dijalankan dengan tata kelola yang mematuhi aturan dan rambu-rambu yang ada, termasuk SOP dan work flow yang tersedia dan adanya check and balance dalam setiap kegiatan. Berlandaskan compliance yang dijalankan dengan tata kelola sesuai aturan dan rambu-rambu yang ada, Perseroan senantiasa menetapkan strategi kebijakan berdasarkan sudut pandang kebutuhan dan kepentingan nasabah tanpa merugikan kepentingan Perseroan. Compliance The Company’s operation shall always comply with existing regulations to ensure changes in the Company are consistent with existing rules of governance and guidelines, including the SOP and workflow and the inclusion of checks and balances in every activity. With Corporate Governance compliance as a cornerstone of compliance to existing rules and regulations, the Company always establishes policy strategy based on the needs and interests of customers without detriment to the interest of the Company. Cost Effectiveness Setiap langkah pengeluaran biaya yang akan dilakukan terlebih dahulu harus dikaitkan dengan potensi dan kemampuan memperoleh hasil dan akan selalu diikuti dengan kajian dan pengawasan yang berkelanjutan. Cost Effectiveness Every expense is assessed in terms of its potential and ability to guarantee results and it will always be followed by a sustainable evaluation and supervision. 11 (Sebelas) Pedoman Perilaku BNI LIFE 11 (Eleven) BNI Life Code of Conduct Selain nilai-nilai Perseroan, Perseroan juga memiliki 11 (sebelas) Pedoman Perilaku yang mendasari perilaku seluruh Insan BNI Life. 1. Berintegritas dalam Tugas dan Tanggung Jawab. 2. Memberikan Pelayanan Terbaik kepada Nasabag tanpa diskriminasi. 3. Bekerja dengan ketulusan, kejujuran dan komitmen. 4. Mengedepankan BNI Financial Center. 5. Menjaga kerahasiaan data Perseroan dan keamanan kerja. 6. Mencegah Benturan Kepentingan. 7. Tidak Mengenal Gratifikasi. 8. Menjunjung nama baik Perseroan dan Menghindari Perbuatan Yang Merugikan Perseroan. 9. Tunduk kepada Peraturan Perundang-undangan Hukum yang Berlaku. 10.Cepat, Teliti dan Pencapaian. 11.Melaporkan Pelanggaran yang diketahui dan/atau didapati merugikan Perseroan dan memberikan perlindungan kepada Pelapor (Whistleblower) In addition to the Corporate Values, the Company also has 11 (eleven) Code of Conduct that underlies the behavior of all BNI Life Personnel. 1. Integrity in Duties and Responsibilities. 2. Providing the Best Service to Customers without discrimination. 3. Work with sincerity, honesty and commitment. 4. Put forward BNI Financial Center. 5. Maintain the confidentiality of Company data and occupational security. 6. Prevent Conflict of Interest. 7. Do not recognize Gratification. 8. Uphold the Company’s good reputation and avoid doing harm to the Company. 9. Subject to Applicable Law Regulations. PT BNI Life Insurance | Laporan Tahunan 2017 10.Fast, Thorough and Achievable. 11.Report a Violation of his/her consent and/or found to be detrimental to the Company and provide protection to the Whistleblower
  321. Kode Etik Perseroan Corporate Code Of Conduct Code of Conduct Application for Entire Level of Organization Pedoman Perilaku BNI Life /Pedoman Kode Etik ini berlaku bagi seluruh Insan BNI Life, yang terdiri dari Dewan Komisaris, Dewan Pengawas, Direksi dan pegawai. Prinsip ini juga berlaku pula kepada pihak ketiga yang bekerja untuk dan atas nama BNI Life, seperti konsultan, penasihat, pemasok layanan, atau agen, dengan demikian pihak-pihak tersebut harus mematuhi ketentuan dalam perjanjian/kontrak antara mereka dengan PT BNI Life Insurance (BNI Life). BNI Life’s Code of Conduct applies to all BNI Life Personnel, comprising Board of Commissioners, Supervisory Board, Board of Directors and employees. This principle also applies to third parties working for and on behalf of BNI Life such as consultants, advisors, service suppliers, or agents; as such parties must comply with the terms of their agreement/ contract with PT BNI Life Insurance (BNI Life). Untuk Insan BNI Life diwajibkan untuk menyatakan telah menerima salinan Pedoman Perilaku Perseroan dan pernyataan telah membaca, memahami dan setuju untuk tunduk pada ketentuan yang tercantum dalam Pedoman Perilaku Perseroan dan kebijakan internal lainnya. BNI Life Personnel are required to declare that they have received a copy of the Code of Conduct and a statement that they has read, understood and agreed to be bound by the provisions of The Company Code of Conduct and other internal policies. Pernyataan ini diberikan setelah pegawai direkrut untuk menjadi bagian dari Insan BNI Life. This statement is given after employees are recruited to become part of BNI Life. Surat Pernyataan Tunduk pada Pedoman Perilaku Perseroan Code of Conduct Conform Statement Letter Sosialisasi/Penyebarluasan Pedoman Kode Etik Sebagai wujud implementasi penerapan Pedoman Kode Etik ini, maka Perseroan mensosialisasikan pedoman ini kepada seluruh Insan BNI Life yang terdiri dari Dewan Komisaris, Dewan Pengawas, Direksi dan pegawai. Semua pegawai menerima pelatihan pendahuluan dan rutin mengenai Prinsip Perilaku BNI Life yang dilaksanakan oleh unit BNI Insurance School (BIS). Pelatihan ini ditujukan untuk membantu pegawai memahami tanggung jawab mereka berdasarkan Pedoman Perilaku BNI Life dan kebijakan internal lain. Code of Conduct Socialization/Dissemination As a manifestation of the implementation of Code of Conduct, the Company socializes this Code to all BNI Life Personnel consisting of Board of Commissioners, Supervisory Board, Board of Directors and employees. All employees receive preliminary and routine trainings on BNI Life’s Code of Conducted, organized by BNI Insurance School (BIS) unit. These trainings are intended to help employees in understanding their responsibilities under BNI Life’ Code of Conduct and other internal policies. Sanksi dan Pelanggaran Kode Etik Sanksi yang berlaku sesuai dengan peraturan Perseroan, baik berupa peringatan tertulis maupun Pemutusan Hubungan Kerja (PHK), dan atau sanksi lain sesuai dengan keputusan Perseroan. Sanctions and Violations of Code of Conduct Sanctions applicable are in accordance with Company regulations, either in the form of written warnings or Termination of Employment (PHK), and or other sanctions in accordance with the Company's decision. Annual Report 2017 | PT BNI Life Insurance Corporate Governance Pemberlakuan Kode Etik Bagi Seluruh Level Organisasi 321
  322. Sistem Pelaporan Pelanggaran Sistem Pelaporan Pelanggaran Whistleblowing System Whistleblowing System TATA KELOLA PERUSAHAAN Hingga 31 Desember 2016 BNI Life masih dalam tahap pengembangan Sistem Pelaporan Pelanggaran . Until December 31, 2016, the Whistle Blowing System of BNI Life was still in the development stage. Dalam proses pengembangan ini, fungsi pelaporan pelanggaran tetap berjalan, dimana pegawai dapat melaporkan kejadian-kejadian yang berpotensi mengandung unsur fraud kepada atasannya atau kepada Kepala Satuan Kerja Audit Internal. In this development process, its function is still running, where employees can report incidents that potentially contain elements of fraud to his/her superior or to the Head of Internal Audit Unit. Bahwa saat ini sedang dipersiapkan secara sistem, namun secara implementasi pelaporan Fraud sudah berjalan. Adapun kebijakan khusus WBS meliputi tentang: mekanisme, tatacara sosialisasi, perlindungan saksi dan pelapor sudah diatur disana termasuk investigasi dan pemantauan implementasi WBS. Currently, it is being prepared on a system basis, but the implementation of Fraud reporting is already under way. The WBS specific policies include: mechanism, socialization procedures, witness and whistleblower protection are arranged, including investigation and monitoring of WBS implementation. Implementasi atas penerapan Strategi Anti Fraud yang telah dilakukan sebagaimana tergambar dalam table berikut: Anti Fraud Strategy Implementation that has been undertaken illustrated in the following table Jenis Aktivitas Langkah-Langkah yang dilakukan Type of Activities Measures Undertaken 1. 2. 3. Pencegahan Prevention 4. 1. 2. 3. 4. Deteksi Detection Investigasi, Pelaporan dan Sanksi Investigation, Reporting and Sanctions 322 PT BNI Life Insurance | Laporan Tahunan 2017 Terus membangun anti fraud culture, melalui : pelaksanaan komitmen anti fraud, mengembangkan budaya anti fraud serta mekanisme pelaporan pada seluruh jenjang organisasi sesuai prinsip GCG dan code of conduct. Penerapan KYE (Know Your Employee) kepada calon pegawai maupun pegawai Penerapan KYC (Know Your Customer) yang dilakukan melalui workshop APU & PPT kepada segenap pegawai BNI Life, pemantauan LTKM, pelaporan LTKM dan LTKT (bila ada) secara konsisten, identifikasi dan verifikasi calon pemegang polis maupun calon Beneficial Owner. Penandatanganan Pakta Integritas dalam proses pengadaan dengan mekanisme pelelangan, berlaku bagi panitia pengadaan dan peserta tender (vendor). Continue to build anti fraud culture, through: anti fraud commitment implementation, developing anti fraud culture and reporting mechanism at all levels of organization according to GCG principles and code of conduct. KYE (Know Your Employee) implementation to prospective employees and employees KYC (Know Your Customer) implementation conducted through APU & PPT workshops to all BNI Life employees, LTKM monitoring, consistent LTKM and LTKT reporting (if any), identification and verification of potential policyholders and Beneficial Owners.Signing of Integrity Pact in procurement process by tender mechanism, applicable to procurement committee and tender participant (vendor). 1. 2. Monitoring transaksi AML/KYC melalui aplikasi internal untuk mendeteksi adanya penyembunyian informasi profil nasabah Monitoring atas update laporan sertifikasi keagenan, mekanisme pemasaran produk sesuai regulasi yang berlaku. 1. 2. Monitoring on AML/KYC transactions through internal applications to detect the customer profile information concealment Monitoring on Agency certification reports updates, product marketing mechanisms in accordance with applicable regulations. Investigasi Investigation Pihak yang berwenang melakukan investigasi atas suatu kejadian tindak pelanggaran fraud di BNI Life adalah 1. Divisi Satuan Pengawasan Intern (SPI) 2. Divisi Kepatuhan (Compliance) 3. Divisi Legal & Investigasi The authorities to investigate an incident of fraud infringement at BNI Life are 1. Internal Audit Unit (IAU) 2. Compliance Division 3. Legal & Investigation Division
  323. Sistem Pelaporan Pelanggaran Whistleblowing System Jenis Aktivitas Langkah-Langkah yang dilakukan Type of Activities Measures Undertaken Evaluasi Evaluation Evaluasi dilakukan dengan memelihara data kejadian fraud (fraud profiling) sebagai dasar evaluasi untuk melakukan langkah-langkah perbaikan baik terhadap sistem, kebijakan maupun prosedur termasuk sistem pengendalian internal Evaluation is done by fraud incident data maintaining (fraud profiling) as the evaluation basis to perform improvement steps both to system, policy and procedure including internal control system Pemantauan, Evaluasi dan Tindak Lanjut Monitoring, Evaluation and Follow Up Tindak Lanjut Follow Up Corporate Governance Pemantauan Monitoring Kegiatan pemantauan terhadap kejadian fraud dilakukan untuk memastikan dan mengetahui hasil pelaksanaan dari tindak lanjut kejadian fraud tersebut, baik terhadap proses kasus maupun perbaikan proses dan prosedur bisnis. Monitoring on fraud occurence is conducted to ensure and acknowledge the implementation of follow-up on results of the fraud incident, both on the case process and the business processes and procedures improvement. Tindak lanjut yang dilakukan antara lain : 1. Melakukan penyempurnaan terhadap kebijakan KYC serta mengajukan untuk identifikasi redflag via sistem aplikasi berdasar Risk Based Approach 2. Menjadikan materi pelatihan AML/KYC dalam pelatihan wajib bagi pemasar baru 3. Melakukan penyempurnaan BPP/SOP The follow-up are: 1. Improve KYC policy and submit for redflag identification via application system based on Risk Based Approach 2. AML/KYC as training materials in new sales force’s training mandatory 3. Perform BPP/SOP improvements Materi tambahan terkait Event Mutual Evaluation Review (MER) dengan accessor dari APG : 1. Pada bulan Oktober 2017, PT BNI Life Insurance dipilih oleh OJK sebagai perwakilan industri asuransi di Indonesia untuk mengikuti penilaian yang dilakukan oleh FATF untuk mengevaluasi pelaksanaan AML-CFT di Indonesia. 2. Penilaian tersebut telah dilaksanakan pada tanggal 9 November 2017 di Gedung PPATK, dengan delegasi dari PT BNI Life Insurance dipimpin oleh Bapak Geger N Maulana (Pejabat Sementara Direktur Utama), Bapak Eddy Sutrisno MH (Head of Compliance), Bapak Arry Herwindo Wildan (Head of Corporate Secretary), Ibu Amelia Nugraeni (Head of Risk Management), Pungki Adi Saputro (Compliance Officer), dan Frisca Magdalena (Corporate Secretary Officer), dengan penilai dari FATF yang meliputi negara-negara: China Taipei, Taiwan, Pakistan, dan 4 negara penilai lainnya. Additional Materials related to Event Mutual Evaluation Review (MER) with APG’s accessor: 1. In October 2017, PT BNI Life Insurance was chosen by OJK as the representative of the insurance industry in Indonesia for participated in assessment conducted by FATF to evaluate AML-CFT implementation in Indonesia. 2. That Assessment has been conducted on 9 November 2017 at PPATK Building, with delegation from PT BNI Life Insurance led by Mr. Geger N Maulana (Acting President Director), Mr. Eddy Sutrisno M.H (Head of Compliance), Mr. Arry Herwindo Wildan (Head of Corporate Secretary), Mrs. Amelia Nugraeni (Head of Risk Management), Pungki Adi Saputro (Compliance Officer), and Frisca Magdalena (Corporate Secretary Officer), with assessors from FATF covering countries: China Taipei, Taiwan, Pakistan, and 4 other assessor countries. Berdasarkan hasil sementara dari exit report per tanggal 17 November 2017 dari OJK, disebutkan bahwa implementasi dan pemahaman AML-CFT di industri keuangan termasuk asuransi sangat baik. Tim Penilai memberikan penghargaan pada seluruh tim. Based on the temporary results of the exit report as of 17 November 2017 from OJK, mentioned that the implementation and understanding of AML-CFT in the financial industry including insurance is very encouraging. The Assessors team really appreciated the whole team. Annual Report 2017 | PT BNI Life Insurance 323
  324. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility
  326. Tanggung Jawab Sosial Perusahaan Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Corporate Social Responsibility Tanggung Jawab Sosial perusahaan Sebagai entitas bisnis , BNI Life tidak bertujuan untuk mencari keuntungan semata. Lebih dari itu, BNI Life juga ingin memberikan kontribusi positif terhadap pembangunan sosial ekonomi masyarakat dan berperan aktif dalam program pelestarian lingkungan hidup. Komitmen tersebut telah ditetapkan sejak BNI Life didirikan dan sejalan dengan komitmen Perseroan Induk, PT Bank Negara Indonesia (Persero) Tbk. As a business entity, BNI Life does not merely aim to seek profit. Moreover, BNI Life also wants to make a positive contribution to the socio-economic development of society and actively participates in environmental conservation program. This commitment has been made since is establishment and in line with its Parent Company, PT Bank Negara Indonesia Tbk. (Persero). Komitmen tersebut diwujudkan dalam kegiatan Corporate Social Responsibility (CSR) yang secara berkelanjutan terus dijalankan BNI Life. BNI Life ingin memberikan kontribusi bagi pembangunan ekonomi guna meningkatkan kualitas hidup lingkungan kerja Perseroan dan komunitas lokal serta masyarakat pada umumnya. The commitment is embodied in the Corporate Social Responsibility (CSR) activities, which is continuously conducted by BNI Life. BNI Life seeks to contribute to the economic development in order to improve quality of life of the Company’s working environments and the local community as well as society in general. Kegiatan CSR yang dijalankan BNI Life juga menjadi bagian dari implementasi prinsip GCG, yaitu prinsip responsibility dengan sasaran kegiatan CSR kepada para pemangku kepentingan (stakeholders) secara luas yaitu karyawan, nasabah, masyarakat dan lingkungan. CSR activities undertaken by BNI Life have also become part of GCG principles implementation, namely the responsibility principle by targeting CSR activities’ to stakeholders in a wider context that include employees, customers, communities and the environment. LANDASAN HUKUM LEGAL BASIS Pelaksanaan program CSR di BNI Life berlandaskan pada peraturan perundang-undangan yang berlaku, antara lain: CSR activities implementation undertaken by BNI Life stands on the following prevailing laws and regulations: 1. 2. 3. 1. Law no. 40 of 2007 on Limited Liability Company 2. Law no. 40 of 2014 on Insurance; 3. Law no. 32 of 2009 on Protection and Management of Natural Environment; 4. Law no. 1 of 1970 on Occupational Safety 5. Law no. 8 of 1999 on Customer Protection 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 326 Undang-Undang No. 40 tahun 2007 tentang Perseroan Terbatas Undang-undang No. 40 Tahun 2014 tentang Perasuransian; Undang-undang No. 32 Tahun 2009 tentang Perlindungan dan Pengelolaan Lingkungan Hidup; Undang-Undang No. 1 tahun 1970 tentang Keselamatan Kerja Undang-Undang No. 8 tahun 1999 tentang Perlindungan Pelanggan Undang-Undang No. 13 tahun 2003 tentang Ketenagakerjaan Pasal 88 ayat 1 UU No. 19 Tahun 2003 tentang Badan Usaha Milik Negara diatur bahwa BUMN dapat menyisihkan sebagian laba bersihnya untuk keperluan pembinaan usaha kecil/koperasi serta pembinaan masyarakat sekitar BUMN; Pasal 2 Permen BUMN No. PER-05/MBU/2007 tentang Program Kemitraan Badan Usaha Milik Negara Dengan Usaha Kecil dan Program Bina Lingkungan; Peraturan Gubernur Provinsi Daerah Khusus Ibukota Jakarta No. 112 Tahun 2013 tentang Tanggung Jawab Sosial dan Lingkungan Dunia Usaha. Peraturan Pemerintah No. 38 Tahun 2008 tentang Perubahan Atas Peraturan Pemerintah No. 6 Tahun 2006 tentang Pengelolaan Barang Milik Negara/Daerah. Peraturan Pemerintah No. 50 Tahun 2007 tentang Tata Cara Pelaksanaan Kerjasama Daerah. Peraturan Otoritas Jasa Keuangan nomor 51/POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan Bagi Lembaga Jasa Keuangan, Emiten, dan Perseroan Publik. Buku Pedoman Perseroan Corporate Secretary Hubungan Humas dan Kelembagaan No. DIR/lN/074 tertanggal 18 Oktober 2016. PT BNI Life Insurance | Laporan Tahunan 2017 6. Law no. 13 of 2003 on Manpower 7. Article 88 paragraph 1 of Law no. 19 of 2003 on State-Owned Enterprises, stipulated that SOEs may set aside a portion of its net profit for the purposes of small business/co-operative development as well as community development surrounding SOEs; 8. Article 2 of SOEs Minister Regulation no. PER-05/MBU/2007 on Partnership Program of State-Owned Enterprises with Small Business and Community Development Program; 9. Governor of DKI Jakarta Regulation no. 112 of 2013 on Social and Environmental Responsibility of the Business World. 10.Government Regulation no. 38 of 2008 on Amendment to Government Regulation no. 6 of 2006 on the Management of State/Regional Property. 11.Government Regulation no. 50 of 2007 on Procedures for Implementation of Regional Cooperation. 12.Financial Services Authority Regulation no. 51/POJK.03/2017 on the Application of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies. 13.Corporate Guidebook of Corporate Secretary Public Relations and Institutional Relationship No. DIR/lN/074 dated October 18, 2016.
  327. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility COMMITMENT STATEMENT Seiring dengan terbitnya Peraturan Otoritas Jasa Keuangan No . 51 / POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan Bagi Lembaga Jasa Keuangan, Emiten, dan Perseroan Publik, BNI Life kembali menegaskan komitmennya untuk menjalankan program CSR dan pembangunan berkelanjutan. Along with the issuance of Financial Services Authority Regulation No. 51/ POJK.03/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies, BNI Life re-affirm its commitment to carry out CSR program and sustainable development. Komitmen tersebut tertuang melalui Memo No.280.CPS.1117 tentang Pedoman CSR dan Keuangan Berkelanjutan. BNI Life berkeyakinan bahwa perekonomian nasional yang diselenggarakan berdasarkan asas demokrasi ekonomi dengan prinsip kebersamaan, efisiensi berkeadilan, berkelanjutan, berwawasan lingkungan, kemandirian, serta dengan menjaga keseimbangan kemajuan dan kesatuan ekonomi nasional, perlu didukung oleh kelembagaan perekonomian yang kokoh dalam rangka mewujudkan kesejahteraan masyarakat. The commitment is contained through Memo Number: 280.CPS.1117 on CSR Guidelines and Sustainable Finance. BNI Life believes that the national economy based on economic democracy with the principles of togetherness, fair efficiency, sustainability, environmental awareness, Independency, and by maintaining the balance of progress and unity of national economic, needs to be supported by strong economic institutions in order to realize the welfare of society. TUJUAN PELAKSANAAN PROGRAM CSR OBJECTIVES OF CSR PROGRAM Pelaksanaan program CSR BNI Life bertujuan untuk: 1. Mendukung secara maksimal upaya meningkatkan reputasi Perseroan di mata Pemangku Kepentingan; 2. Mendukung pengenalan produk Asuransi Perseroan di tengahtengah masyarakat; 3. Memberikan dampak sosial yang positif (bermanfaat dan tepat) untuk pemangku kepentingan; 4. Melakukan sinergi kemanusiaan dan pembangunan berkelanjutan antara Pemerintah, Perseroan dan Pemangku Kepentingan; 5. Meningkatkan pemahaman sosial terhadap Perseroan melalui informasi yang disalurkan dalam kegiatan sosial kemasyarakatan yang dilaksanakan oleh Perseroan. BNI Life CSR program aims to: 1. Maximally support efforts to enhance the Company’s reputation in the eyes of Stakeholders; 2. Support the introduction of the Company’s Insurance products in the community; 3. Provide positive (beneficial and appropriate) social impacts for stakeholders; 4. Establish humanitarian synergy and sustainable development between the Government, the Company and Stakeholders; 5. Improve the social understanding upon the Company through information channeled into social activities conducted by the Company. RUANG LINGKUP PROGRAM CSR SCOPE OF CSR PROGRAM Agar program CSR yang dijalankan BNI Life dapat lebih terarah dan tepat guna, BNI Life telah menetapkan ruang lingkup program CSR yang dijlankan, yaitu: 1. Lingkungan Hidup; 2. Pendidikan dan Literasi; 3. Kesehatan; 4. Pengembangan Sarana dan/atau Prasarana Umum; 5. Sarana Ibadah; 6. Perlindungan Jiwa; 7. Pendidikan, pelatihan, pemagangan, pemasaran, promosi, dan bentuk bantuan lain yang terkait dengan upaya peningkatan kapasitas Mitra binaan Perseroan. In order for BNI Life CSR program to be more targeted and effective, BNI Life has defined the scope of its CSR program: TANGGUNG JAWAB LINGKUNGAN HIDUP BIDANG SOCIAL RESPONSIBILITY ON ENVIRONMENT Kendati bidang usaha yang dijalankan BNI Life tidak memiliki dampak yang besar terhadap lingkungan hidup, namun BNI Life memiliki komitmen yang kuat untuk berperan aktif dalam program pelestarian lingkungan hidup. Although the line of business carried by BNI Life does not have a major impact on the environment, but BNI Life has a strong commitment to play an active role in environmental conservation program. SOSIAL 1. 2. 3. 4. 5. 6. 7. Corporate Social Responsibility PERNYATAAN KOMITMEN Environment; Education and Literacy; Health; Development of Public Facilities and/or Infrastructure; Means of Worship; Life Protection; Education, training, apprenticeship, marketing, promotion, and other forms of assistance related to capacity-building efforts of the Company’s Fostered Partners. Annual Report 2017 | PT BNI Life Insurance 327
  328. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Tanggung Jawab Sosial perusahaan BNI Life menerapkan konsep sustainable development atau pembangunan berkelanjutan yang bertujuan untuk menciptakan keseimbangan diantara dimensi pembangunan , seperti ekonomi, sosial dan lingkungan. Untuk itu, dibutuhkan kegiatan CSR yang membawa manfaat jangka panjang guna terciptanya sebuah pertumbuhan yang berkelanjutan. BNI Life mengimplementasikan konsep kegiatan CSR yang dapat memberikan manfaat secara terus menerus bagi lingkungan. BNI Life applied the concept of sustainable development that aims to create a balance between the development dimensions, such as economic, social and environmental. Therefore, CSR activities that bring a long-term benefits to the creation of a sustainable growth are required. BNI Life implements the CSR activities concept that can provide continuous benefits for the environment. Sejumlah kegiatan CSR BNI Life di bidang lingkungan hidup merupakan program jangka panjang yang hingga hari ini terus memberikan manfaat bagi lingkungan. Berikut adalah beberapa program yang dilakukan BNI Life: A number of BNI Life CSR activities in the environmental field are a longterm program that until today has continuously provide benefits to the environment. Here are some programs that BNI Life had done: 1. 1. Minimizing paper use for memo by shifting to electronic mail (e-mail); 2. 3. 4. 328 Meminimalisasi penggunaan kertas untuk memo dengan mengalihkannya ke surat elektronik (e-mail); Menggunakan alat elektronik hemat energi; Menggunakan kertas bekas atau print bolak balik untuk penghematan kertas dan tinta; dan Penghematan air dan listrik dengan melakukan sosialisasi kepada seluruh pegawai. 2. Using energy-saving electronic devices; 3. Using scrap paper or back and forth print to save paper and ink; and 4. Socialization about water and electricity saving to all employees. Sertifikasi di Bidang Lingkungan Hidup Certification on Environment Hingga 31 Desember 2017, BNI Life belum memperoleh sertifikasi yang terkait dengan lingkungan hidup. Until December 31, 2017, BNI Life has not obtained any certifications related to the environment. Tanggung Jawab Sosial Ketenagakerjaan, Kesehatan Keselamatan Kerja Bidang Dan SOCIAL RESPONSIBILITY ON EMPLOYMENT, OCCUPATIONAL HEALTH AND SAFETY Lingkungann kerja yang aman, nyaman dan profesional akan mendukung terciptanya kinerja usaha yang optimal. BNI Life sangat menyadari akan hal tersebut. Karena itu, BNI Life tidak hanya memberikan perhatian yang besar terhadap program pengembangan pegawai, tapi juga memberikan perhatian yang besar terhadap aspek pendukungnya, yaitu aspek ketenagakerjaan dan kesehatan dan keselamatan kerja. A safe, comfortable and professional work environment will support the creation of optimum business performance. BNI Life is very aware of it. Therefore, BNI Life does not only pay great attention to the employee development program, but also to other supporting aspects, namely employment and occupational health and safety aspects. KETENAGAKERJAAN EMPLOYMENT Undang-Undang No. 13 tahun 2003 tentang Ketenagakerjaan menjadi dasar kebijakan BNI Life di bidang ketenagakerjaan. BNI Life memenuhi hak-hak normatif pegawai sebagaimana yang diatur oleh Undangundang tersebut. Law No. 13 of 2003 on Employment is the basis for BNI Life’s policy in the employment field. BNI Life seeks to fulfill the basic rights of employees as prescribed by that Law. Kesetaraan Gender dan Kesempatan Kerja Gender Equality and Employment Opportunity BNI Life memberikan kesempatan yang sama kepada setiap orang untuk berkarya di BNI Life. Dalam merekrut karyawan, BNI Life tidak membedakan calon pegawai berdasarkan gender, suku, agama, ras dan golongan tertentu, kecuali pada beberapa jenis pekerjaan yang karakteristiknya menuntut pegawai dari gender tertentu. BNI Life gives everyone the same opportunity to work at BNI Life. In recruitment, BNI Life does not distinguish prospective employees based on gender, ethnic, religious, racial and certain categories, except on certain types of work whose characteristics require employees of a particular gender. Prinsip kesamaan gender di BNI Life juga dapat dilihat dari perimbangan jumlah pegawai yang pada akhir tahun 2017 tercatat sebanyak 850 orang, dimana 432 orang (50,8%) berjenis kelamin pria dan 418 (49,2%) berjenis kelamin wanita. The gender equality principle in BNI Life can also be seen from the balance of number of employees that at the end of 2017 recorded as many as 850 employees, of which 432 employees (50.8%) were male and 418 employees (49.2%) were female. PT BNI Life Insurance | Laporan Tahunan 2017
  329. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Remuneration Remuneration is one of employees ' rights to be fulfilled by the Company. BNI Life provides proper remuneration to employees in accordance with applicable laws and regulations. Sistem remunerasi yang dikembangkan di BNI Life adalah sistem remunerasi berbasis kinerja (performance-based), yaitu memberikan remunerasi berdasarkan jabatan atau peran dalam organisasi, yang sering disebut sebagai input organisasi serta berdasarkan kinerja yaitu manfaat ekonomis yang dihasilkan untuk organisasi (output organisasi). The remuneration system developed at BNI Life is a performance-based remuneration system, which provides remuneration based on position or role in the organization or often referred to as organization input, and based on performance, which is the economic benefits generated for the organization (organization output). Perseroan terus mengkaji mengenai besaran remunerasi yang diberikan kepada pegawai. Untuk itu, BNI Life menerapkan sistem kenaikan remunerasi secara berkala. Kenaikan remunerasi pegawai secara berkala dilakukan setiap tahun yang besarannya ditentukan berdasarkan penilaian kinerja pegawai dengan tetap memperhatikan kemampuan Perseroan. The Company continues to review the amount of remuneration given to employees. To that end, BNI Life implements a periodic increase in remuneration system. A periodic increase in employee’s remuneration is conducted every year, and the amount of which is determined based on employee’s performance appraisal with due regard to the Company's ability. Kesejahteraan Karyawan Selain memberikan remunerasi yang layak, dalam rangka meningkatkan kesejahteraan pegawai, BNI Life juga memberikan berbagai benefit tambahan kepada pegawai sesuai dengan tingkatannya. Employee Welfare In addition to providing proper remuneration, BNI Life also provides additional benefits to employees in accordance with their level in order to improve employee welfare. Benefit di luar remunerasi yang diberikan BNI Life antara lain: Benefits other than the remuneration given by BNI Life include: Cash Benefit Corporate Social Responsibility Remunerasi Remunerasi merupakan salah satu hak pegawai yang harus dipenuhi oleh Perseroan. BNI Life memberikan remunerasi yang layak kepada pegawai sesuai dengan peraturan perundangan-undangan yang berlaku. Non Cash Benefit Basic Salary BPJS Kesehatan BPJS Health THR Religious Holiday Allowance BPJS Ketenagakerjaan BPJS Employement Tantiem BPJS Pensiun BPJS Pension Bonus Tahunan Annual Bonus Optima Group Heath (OGH) Bonus Performance Performance Bonus Optima Group Life (OGL) Incentive DPLK Position Allowance Bahtera Abadi Job Allowance Asuransi Purna Jabatan Retirement Insurance Skill Incentive Car Ownership Program Performance Allowance Employee Loan Comunication Allowance   Housing Allowance   Expensiveness allowance   Car Allowance   Meal Allowance   Transport Allowance   Overtime   Meal Overtime   Annual Report 2017 | PT BNI Life Insurance 329
  330. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Cash Benefit Tanggung Jawab Sosial perusahaan Night Transportation   OPCT   OPCB   Long Service   Tax Allowance   Compensation Pay   Other Compensation (15%)   Long Services Final   Separation   Severance   Hubungan Industrial Hubungan industrial yang harmonis antara pegawai dan Perseroan akan menciptakan lingkungan kerja yang kondusif dan pada akhirnya akan menghasilkan kinerja yang optimal. BNI Life berupaya untuk menciptakan hubungan industrial yang harmonis dengan pegawai. Industrial Relations Harmonious industrial relations between employees and a company will create a conducive working environment and ultimately will result in optimal performance. Therefore, BNI Life strives to create harmonious industrial relationships with its employees. Hingga akhir tahun 2017, tidak terdapat organisasi serikat pekerja di lingkungan pegawai BNI Life, kendati BNI Life tidak memiliki kebijakan yang melarang berdirinya serikat pekerja. Until the end of 2017, there was no employee union organization of BNI Life's employees, although BNI Life does not have a policy that prohibits the establishment of such union. Untuk menciptakan hubungan industrial yang harmonis, BNI Life telah menyusun Buku Peraturan Perseroan yang isinya disesuaikan dengan peraturan perundang-undangan yang berlaku. In order to create harmonious industrial relations, BNI Life has compiled the Company Regulations, whose content is in accordance with the prevailing laws and regulations. Perselisihan Hubungan Industrial BNI Life berupaya untuk menciptakan hubungan Industrial yang harmonis dengan pegawai dengan saling menghormati hak dan kewajiban masing-masing pihak. Namun demikian, hal tersebut tidaklah menjamin bahwa tidak akan terjadi perselisihan hubungan industrial antara pegawai dengan Perseroan. Industrial Relations Disputes BNI Life is trying to create harmonious industrial relations with employees with mutual respect for the rights and obligations of each party. However, it does not guarantee that there will be no industrial relations disputes between employees and the Company. Terkait dengan perselisihan hubungan industrial, BNI Life telah memiliki aturan yang baku yang tertuang dalam Buku Peraturan Perseroan, yaitu pada BAB XI tentang PENYELESAIAN PERSELISIHAN PERBURUHAN, PASAL 52 UMUM yang berisikan: In relation to industrial relations disputes, BNI Life already has the standard rules set forth in the Company Regulations, namely CHAPTER XI on LABOR DISPUTE SETTLEMENT, ARTICLE 52 GENERAL, which states: 1. 1. Every employee shall be entitled to appropriate treatment in accordance with the rules and provisions that exist and apply in the Company. 2. Every employee is entitled to legal protection against injustice or arbitrary actions of his/her superiors, other employees or Board of Directors. 3. This protection is based on applicable law. 2. 3. 330 Non Cash Benefit Setiap Pegawai berhak atas perlakuan yang layak sesuai dengan peraturan serta ketentuan-ketentuan yang ada dan berlaku di Perseroan. Setiap Pegawai berhak atas perlindungan hukum terhadap ketidakadilan atau tindakan sewenang-wenang dari atasannya, Pegawai lainnya atau Direksi. Perlindungan ini didasarkan pada hukum yang berlaku. dan PASAL 53 PENYELESAIAN PERSELISIHAN PERBURUHAN, yang berbunyi: and ARTICLE 53 on LABOR DISPUTE SETTLEMENT, which reads: Setiap perselisihan perburuhan yang timbul pada Perseroan akan diselesaikan berdasarkan peraturan perundangan yang berlaku. Any labor disputes arising in the Company will be settled under applicable laws and regulations. Peraturan tersebut disosialisasikan kepada seluruh pegawai, dimana The regulation is disseminated to all employees, in which each new PT BNI Life Insurance | Laporan Tahunan 2017
  331. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility recruited employee will be given the Company Regulation Book to obtain ackonowledgement on his /her rights and obligations as employee of BNI Life. KESEHATAN DAN KESELAMATAN KERJA (K3) Kebijakan pelaksanaan aspek Kesehatan dan Keselamatan kerja di BNI Life mengacu pada Undang-undang No. 1 tahun 1970 tentang Keselamatan Kerja dan Undang-undang No. 23 tahun 1992 tentang Kesehatan. OCCUPATIONAL HEALTH AND SAFETY (K3) Policy of the implementation of Occupational Health and Safety aspect in BNI Life refers to Law No. 1 of 1970 on Occupational Safety and Law No. 23 of 1992 on Health. BNI Life menyadari bahwa perlindungan terhadap tenaga kerja merupakan hal krusial yang harus menjadi perhatian setiap Perseroan. Meskipun aktivitas usaha Perseroan mayoritas dilakukan di dalam gedung perkantor, unsur Keselamatan dan Kesahan Kerja (K3) tetap diutamakan. Hal ini bertujuan untuk menekan serendah mungkin kemungkinan dari risiko kecelakaan serta penyakit yang mungkin saja timbul selama bekerja, meningkatkan produktivitas dan efesiensi selama bekerja. BNI Life realizes that labor protection is crucial and should be a concern in every company. Although the majority of the Company’s business activities conducted in the office buildings, the elements of occupational health and safety (K3) still come first. It aims to reduce the risk as low as possible from any accidents and illnesses that may arise during the work, increasing productivity and efficiency while working. Dalam Undang-Undang No. 23 Tahun 1992 tentang Kesehatan pasal 23 mengenai kesehatan kerja, disebutkan bahwa upaya kesehatan kerja wajib diselenggarakan pada setiap tempat kerja, khususnya tempat kerja yang mempunyai risiko bahaya kesehatan yang besar bagi pekerja agar dapat bekerja secara sehat tanpa membahayakan diri sendiri dan masyarakat sekelilingnya, untuk memperoleh produktivitas kerja yang optimal, sejalan dengan program perlindungan tenaga kerja. Law No. 23 of 1992 on Health Article 23 concerning occupational health stipulated that the efforts of work health shall be held at each workplace, particularly workplace at risk of great health hazards, for workers to be able to work in a healthy manner without endangering themselves and the community surrounding, to obtain optimal productivity, in line with the labor protection program. Menurut Undang-Undang No. 1 tahun 1970, syarat-syarat Keselamatan Kerja seluruh aspek pekerjaan yang berbahaya serta jenis-jenis bahaya diatur dengan peraturan perundangan. Undang-undang mengenai K3 ini, sangat penting disosialisasikan di lingkungan perseroan swasta atau Badan Usaha Milik Negara. Hal ini dilakukan untuk mencegah kecelakaan kerja, mencegah penyakit akibat kerja dengan memicu penerapan K3 dalam industri yang bisa berdampak pada hasil produksi dan keselamatan tenaga kerja. According to Law No 1 of 1970, the Occupational Safety requirements of all-dangerous job aspects and the type of danger was regulated by laws and regulations. The law regarding K3 is very important to be socialized within private companies or State-Owned Enterprises, in order to prevent work accidents and diseases arising in a workplace by triggering K3 implementation in the industry that could have an impact on production and workers safety. Program K3 dalam lingkungan Perseroan bertujuan untuk mewujudkan lingkungan kerja yang aman, nyaman, dan sehat bagi seluruh pegawai. Hal tersebut tetap dilakukan meskipun potensi bahaya kecelakaan kerja di kantor lebih rendah di bandingkan potensi bahaya kerja lapangan. K3 program within the Company aims to create a safe, comfortable and healthy working environment for all employees. This continues to be executed despite the potential danger of accident at the office is lower in comparison to the potential hazards at the fieldwork. Fasilitas Kesehatan Kesehatan pegawai di lingkungan kantor BNI Life merupakan salah satu perhatian utama Perseroan. Untuk itu, BNI Life menyediakan fasilitas kesehatan bagi pegawai di lingkungan kantor, antara lain: Health Facilities The health of employees in BNI Life’s office environment is one of the Company's main concerns. For that, BNI Life provides health facilities for employees in the office environment, among others: 1. 1. Main Equipment a. Stretcher b. Stethoscope c. Blood Pressure Gauge d. Scales e. Patient Check Bed f. Wheelchair g. Oxygen tank h. Infusion i. The small operations and utility Peralatan Utama a. Tandu b. Stetoskop c. Tensi d. Timbangan e. Tempat Tidur Periksa Pasien f. Kursi Roda g. Tabung Oksigen h. Tiang Infus i. Meja Operasi Kecil dan Peralatannya Annual Report 2017 | PT BNI Life Insurance Corporate Social Responsibility setiap pegawai yang baru direkrut akan memperoleh Buku Peraturan Perseroan agar memahami hak dan kewajibannya sebagai pegawai BNI Life. 331
  332. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 2 . Tanggung Jawab Sosial perusahaan Obat-obatan ringan yang dikonsumsi maupun digunakan secara umum a. Alat Kesehatan Pendukung b. Kasa Steril c. Perban d. Plester e. Kapas f. Rivanol g. Povidon Lodin (Betadine) h. Gunting i. Ventoline Nebules a. b. c. d. e. f. g. h. i. Supporting Medical Devices Sterile Gauze Bandage Plaster Cotton Alcohol 70% Povidon Lodin (Betadine) Scissor Ventoline Nebules Selain itu, di Kantor Pusat yang berlokasi di Gedung Centennial, Jakarta dan Kantor yang berlokasi di Jl KS Tubun, Jakarta terdapat Ruang Kesehatan. In addition, at the Head Office located in Centennial Building, Jakarta and Office located on Jl KS Tubun, Jakarta, there is a Medical Room. Fasilitas Keselamatan Kerja Untuk mengurangi risiko kecelakaan kerja dan penanganan keadaan darurat, BNI Life melengkapi lingkungan kantornya dengan fasilitas keselamatan kerja, antara lain: 1. APAR (CO2 dan Dry Chemical Powder) 2. Hydrant 3. Peralatan Floor Warden (Helm, Rompi, Bendera, Megaphone) Safety Facilities To reduce the risk of work accident and emergency management, BNI Life complements its office environment with safety facilities, including: Kecelakaan Kerja Sepanjang tahun 2017, tidak terdapat kejadian kecelakaan kerja di seluruh lingkungan kantor BNI Life. Work-Related Accidents Throughout 2017, there were no workplace accidents within the entire offices of BNI Life. TANGGUNG JAWAB PENGEMBANGAN KEMASYARAKATAN BIDANG DAN SOCIAL RESPONSIBILITY ON SOCIAL AND COMMUNITY DEVELOPMENT BNI Life merealisasikan program pengembangan sosial dan kemasyarakatan melalui pelaksanaan program CSR yang sejalan dengan konsep good corporate citizen. BNI Life menyadari bahwa keberadaannya merupakan bagian dari masyarakat, dimana pertumbuhan usaha yang diraih BNI Life juga tak lepas dari peran serta masyarakat. Untuk itu, BNI Life pun memberikan perhatian yang besar terhadap pengembangan sosial kemasyarakatan yang diwujudkan dalam berbagai kegiatan CSR yang berkaitan dengan sosial budaya masyarakat. BNI Life’s social and community development programs were realized through the implementation of CSR programs that in line with the good corporate citizen concept. BNI Life is aware that its existence is part of the community, in which the achievement of BNI Life’s business growth was also inseparable from community’s participation. For that, BNI Life also gives considerable attention to the social and community development that are embodied in various CSR activities related to the social, culture, and community. BNI Life senantiasa mendukung program pengembangan sosial kemasyarakatan dengan terlibat secara aktif maupun dalam bentuk dukungan lainnya. Pada tahun 2017, kegiatan yang dijalankan BNI Life antara lain: BNI Life always support social and community development programs by actively involved or in other forms of support. In 2017, the activities undertaken by BNI Life, among others: Tanggal Date 332 2. Light and general consumed medicines SOSIAL SOSIAL 1. APAR (CO2 and Dry Chemical Powder) 2. Hydrant 3. Floor Warden Equipment (Helmet, Vest, Flag, Megaphone) Tempat Kegiatan Location Bentuk Kegiatan Form of Activities Nilai Value 26 & 27 Sept 2017 Sept 26 & 27, 2017 Garut & Sumedang Pemberian Sembako dan Pakaian Donation of Basic Foods and Clothes 50.000,000 1 & 2 Okt 2016 Oct 1 & 2, 2016 Gunung Mas, Bogor Edukasi dan Pemberian Sembako Education and Donation of Basic Foods 50.000.000 12 &13 Januari 2017 January 12 & 13, 2017 Pidie Jaya, Aceh Perbaikan Masjid Al-Quba Pidie Jaya Renovation of Pidie Jaya Al-Quba Mosque 18 &19 Februari 2017 February 18 & 19, 2017 Singaraja, Bali Pemberian Sembako, Pakaian dan Pemeriksaan Kesehatan Donation of Basic Foods, Clothes and Medical Checkup 17.735.000 13 &14 Juli 2017 July 13 & 14, 2017 Medan Bantuan Pendidikan Educational Assistance 80.000.000 PT BNI Life Insurance | Laporan Tahunan 2017 125.000.000
  333. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Tanggal Date Tempat Kegiatan Location Bentuk Kegiatan Form of Activities Nilai Value Jakarta Bantuan Perlengkapan Sekolah Untuk Pegawai Office Boy yang ditempatkan di PT BNI Life Insurance Donation of School Equipment for Office Boy Placed at PT BNI Life Insurance 18 .000.000 16 September 2017 September 16, 2017 Anyer, Banten Pemberian bantuan perlengkapan sekolah dan Perlengkapan kebersihan lingkungan Donation of school equipment and cleaning tools for school 35.000.000 November 2017 November 2017 Jakarta Pemberian Bantuan Pendidikan untuk Anak Rara Sitta Stefanie, Karyawan BNI selama 12 tahun dengan premi tahunan Rp10.717.600,Education assistance for the Child of Rara Sitta Stefanie, employee of BNI with 12 years working period, with annual premium amounted to Rp10,717,600.- 10.717.600 Desember 2017 December 2017 TANGGUNG NASABAH Pemberian Polis HyEnd Pro untuk 5 Pahlawan Olahraga Legendaris yakni Ellyas Pical Juara 3 kali IBF Super Flyweight Champion (1985-1989), Junaidi Abdillah (legenda pemain bola di Olimpiade Munich 1972, Tati Sumirah (peraih Piala Uber Pertama untuk Indonesia Tahun 1975), Lelly Sampoerno (Penembak Putri Indonesia peraih 8 medali Emas South East Asia Shooting Association (SEASA tahun 1968 – 1983), serta Yustedjo Tarik (Petenis Juara I Davis Cup tahun 1982) Jakarta JAWAB SOSIAL Granted of HyEnd Pro Policy for 5 Legendary Sports Heroes Ellyas Pical 3 times IBF Super Flyweight Champion (1985-1989), Junaidi Abdillah (football legend at the 1972 Munich Olympics, Tati Sumirah (First Uber Cup Winner for Indonesia in 1975), Lelly Sampoerno (Indonesian Princess Shooter who won 8 Gold Medal of Asia East Shooting Association (SEASA 1968 - 1983), and Yustedjo Tarik (Tennis Champion I Davis Cup 1982) TERHADAP 150.000.000 Corporate Social Responsibility Juli 2017 July 2017 SOCIAL RESPONSIBILITY TO CUSTOMERS BNI Life berupaya untuk memberikan perhatian yang besar kepada konsumen/nasabah. BNI Life terus berupaya untuk meningkatkan tingkat kepuasan nasabah dengan memberikan pelayanan yang terbaik. Pelayanan terbaik tidak hanya diartikan sebagai melayani nasabah, tapi juga memberikan perlindungan maksimal kepada konsumen (product responsibility). BNI Life seeks to give greater attention to its consumers/customers. BNI Life continuously strives to improve customer satisfaction level by providing the best services. The best services are not only interpreted as serving customers, but also provide maximum protection to consumers (product responsibility). BNI Life juga telah mengeluarkan Standart Operation Procedure (SOP) pelayanan nasabah. Dengan SOP tersebut diharapkan nasabah dapat merasakan experience yang sama diamana pun mereka bertransaksi BNI Life has also issued a customer service Standard Operation Procedure (SOP). By this SOP, it is expected that customers can have the same experience wherever they transact with BNI Life. Additionally, BNI Life also Annual Report 2017 | PT BNI Life Insurance 333
  334. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Tanggung Jawab Sosial perusahaan dengan BNI Life . Selain itu, BNI Life juga berupaya untuk menciptakan produk-produk yang sesuai dengan kebutuhan nasabah. tries to create products that suit to customers’ needs. Keluhan Pelanggan BNI Life menyediakan sarana yang komprehensif bagi nasabah untuk mengajukan pengaduan terkait produk dan layanan yang ditawarkan BNI Life, yaitu melalui: a. Customer Care Layanann Customer Care BNI Life dapat dijangkau melalui: 1. Telp : 1500 045 2. Email : care@bni-life.co.id 3. Walk In Customer Care • Jakarta Centennial Tower, 9th Floor Jl. Gatot Subroto kav 2425 Jakarta 12930 • Jakarta Jl. Aipda KSTubun No. 67, Petamburan, Jakarta Pusat 10260 b. Customer Care Center BNI Life menyediakan Customer Care Center yang tersebar di berbagai lokasi, antara lain: • Jakarta BNI Life Tower, Ground Floor The Landmark Center Jl. Jend. Sudirman No. 1 Jakarta 12910 • Surabaya Grand City Mall lt.2 unit 42-43 JL.Kusuma Bangsa Surabaya Customer Complaint BNI Life provides a comprehensive media for customers to submit complaints related to products and services offered by BNI Life, through: • c. Bandung Cihampelas Walk (Ciwalk) Ground Floor 28-29 , Ciwalk Extention Jl. Cihampelas no 160 – Bandung • Denpasar Rukan Raya Puputan Ruko No.A Jl. Raya Puputan No. 108 B Renon – Denpasar 80235 • Palembang Mall Palembang Icon Lantai 2 Unit. 70 Jl. POM IX No.01 RT 031 RW 009 Lorok Pakjo Ilir Barat I Palembang 30137 • Semarang Ruko Thamrin Square Blok A 1 Jl. Thamrin No. 5 Semarang • Yogyakarta Jogja City Mall (JCM) Lantai 1 Unit #40 Jl. Magelang Km. 6 No.18, Sinduadi, Sleman, Yogyakarta (55284) Media surat Surat dapat dikirimkan ke alamat kantor pusat BNI Life dengan alamat: Centennial Tower, Lantai 9 Jl. Gatot Subroto Kav 24-25, Jakarta 12930, Indonesia UP : Customer Complaint Handling Mekanisme Pengaduan Pelanggan 1. Nasabah mengajukan pengaduannya melalui layanan Customer Care PT BNI Life Insurance. 2. Customer Care akan melakukan analisa terhadap transaksi layanan dari pelanggan. 334 PT BNI Life Insurance | Laporan Tahunan 2017 a. Customer Care The service of BNI Life Customer Care can be reached by: 1. Tel: 1500 045 2. Email: care@bni-life.co.id 3. Walk In Customer Care • Jakarta Centennial Tower, 9th Floor Jl. Gatot Subroto kav 24-25 Jakarta 12930 • Jakarta Jl. Aipda KSTubun No. 67, Petamburan, Jakarta Pusat 10260 b. Customer Care Center BNI Life provides Customer Care Center that spread in various locations, among others: • Jakarta BNI Life Tower, Ground Floor The Landmark Center Jl. Jend. Sudirman No. 1 Jakarta 12910 • Surabaya Grand City Mall, 2nd floor, unit 42-43 JL.Kusuma Bangsa Surabaya • Bandung Cihampelas Walk (Ciwalk) Ground Floor 28-29, Ciwalk Extention Jl. Cihampelas no 160 – Bandung • Denpasar Rukan Raya Puputan Ruko No.A Jl. Raya Puputan No. 108 B Renon - Denpasar 80235 • Palembang Palembang Mall Icon 2nd Floor Unit. 70 Jl. POM IX No.01 RT 031 RW 009 Lorok Pakjo Ilir Barat I Palembang 30137 • Semarang Ruko Thamrin Square Blok A 1 Jl. Thamrin No. 5 Semarang • Yogyakarta Jogja City Mall (JCM) 1st Floor Unit # 40 Jl. Magelang Km. 6 No.18, Sinduadi, Sleman, Yogyakarta (55284) c. Mail Letters may be sent to BNI Life's head office address at: Centennial Tower, 9th Floor Jl. Gatot Subroto Kav 24-25, Jakarta 12930, Indonesia UP: Customer Complaint Handling Customer Complaint Mechanism 1. Customer submits his/her complaint through PT BNI Life Insurance Customer Care service. 2. Customer Care will analyze service transaction of the customer.
  335. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 3 . If the customer transaction is a complaint, Customer Care will submit customer complaint to Customer Complaint Handling by completing supporting documents of complaint through: Sepanjang tahun 2017, terdapat 509 pengaduan nasabah yang diterima BNI Life melalui seluruh saluran pengaduan nasabah. Dari jumlah tersebut, lebih dari 90% telah terselesaikan, sedangkan sisanya masih dalam proses penyelesainnya. Sebagian besar pengaduan nasabah yang belum terselesaikan adalah pengaduan yang masuk pada triwulan keempat tahun 2017. Throughout 2017, there were 509 customer complaints received by BNI Life through all channels of customer complaints. Of these, more than 90% have been resolved, while the remainder was still in the process of completion. Most unresolved customer complaints are incoming complaints during the fourth quarter of 2017. 4. 5. 6. 7. Tel: 021 2953 7600 Email: solution@bni-life.co.id 4. Customer Complaint Handling will give confirmation of complaint receipt to customer along with complaint registration number. Confirmation of complaint receipt will be made by phone, if not can be contacted by phone then the confirmation of complaint receipt will be sent via text messages and mail addressed to customer 5. Customer Complaint Handling will perform verification and tracking of complaints submitted. 6. If customer complaint still requires further process, Customer Complaint Handling will send written notification letter of time extension to customer. 7. Solution of customer complaint settlement shall be made within 20 working days and under certain conditions settlement of the complaint may be extended to the next 20 (twenty) working days according to POJK no. 1/POJK.07/2013 on Consumer Protection in Financial Services Sector. Berikut rincian pengaduan nasabah yang diterima BNI Life tahun 2017 Periode Period Corporate Social Responsibility Jika transaksi nasabah adalah pengaduan, maka Customer Care akan menyampaikan pengaduan nasabah kepada Customer Complaint Handling dengan melengkapi dokumen pendukung komplain melalui: Telp : 021 2953 7600 Email : solution@bni-life.co.id Customer Complaint Handling akan memberikan konfirmasi penerimaan keluhan kepada nasabah beserta dengan nomor registrasi komplain. Konfirmasi penerimaan komplain akan dilakukan melalui telepon, jika tidak dapat dihubungi melalui telepon maka konfirimasi penerimaan pengaduan akan dikirimkan melalui sms dan surat yang dituju ke alamat korespondensi nasabah Customer Complaint Handling akan melakukan verifikasi dan penelusuran atas pengaduan yang disampaikan. Jika pengaduan nasabah masih membutuhkan proses lebih lanjut, maka Customer Complaint Handling akan mengirimkan surat pemberitahuan perpanjangan waktu secara tertulis kepada nasabah. Solusi penyelesaian pengaduan nasabah dilakukan dalam waktu 20 hari kerja dan dalam kondisi tertentu penyelesaian pengaduan dapat diperpanjang hingga 20 (dua puluh) hari kerja berikutnya sesuai POJK No. 1/POJK.07/2013 tentang Perlindungan Konsumen Sektor Jasa Keuangan. 3. Details of customer complaints received by BNI Life in 2017 are as follows Jumlah Status pengaduan Number of Complaint Status Done In Process Jumlah Total Januari - Maret 2017 January – March 2017 88 0 88 April - Juni 2017 April – June 2017 107 0 107 Juli - September 2017 July – September 2017 131 2 133 Oktober - Desember 2017 October – December 2017 133 48 181 Jumlah Total 459 50 509 Seluruh pengaduan tersebut juga telah dilaporkan kepada Otoritas Jasa Keuangan. All complaints have also been reported to Financial Services Authority. Annual Report 2017 | PT BNI Life Insurance 335
  336. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Tanggung Jawab Sosial perusahaan Edukasi Literasi Keuangan Financial Literacy Education Pelaku usaha jasa keuangan wajib menyelenggarakan edukasi dalam rangka meningkatkan literasi keuangan kepada Konsumen dan / atau masyarakat. Demikian kalimat yang tertera pada pasal 14 ayat 1 Peraturan Otoritas Jasa Keuangan No. 1/POJK.07/2013 Tentang Perlindungan Konsumen Sektor Jasa Keuangan. Business players in financial services sector are obliged to conduct education in order to increase financial literacy to consumers and/or public, as stated in Article 14 paragraph 1 of Financial Services Authority Regulation No. 1/POJK.07/2013 on Consumer Protection in Financial Services Sector. Berlandaskan pada peraturan tersebut, BNI Life menjalankan program edukasi literasi keuangan kepada masyarakat. Based on this regulation, BNI Life runs the financial literacy education program to the community. Dengan pengalaman lebih dari 21 tahun, BNI Life terus meneguhkan komitmen untuk membantu memberikan perencanaan masa depan dan perlindungan yang terpercaya. Sebagai salah satu bentuk komitmen tersebut, BNI Life terus mengedepankan semangat literasi dan inklusi keuangan, sebagai salah satu bentuk tanggung jawab perseroan, di mana dalam beberapa aktivitasnya. With more than 21 years of experience, BNI Life continues to strengthen its commitment to provide assistance in future planning and trusted protection. One of the efforts to embody these commitments, BNI Life carries on prioritizing the spirit of financial literacy and inclusion, as one form of corporate responsibility, in some activities. Pemahaman masyarakat Indonesia atas asuransi masih rendah. Padahal, pemerintah menargetkan tingkat literasi keuangan di Indonesia bisa menyentuh 75% pada 2019 mendatang. Berdasarkan catatan Otoritas Jasa Keuangan (OJK) per 2017, indeks literasi asuransi di Indonesia baru mencapai 15,76%. Artinya, dari 100 orang Indonesia hanya 15 sampai 16 orang yang mengenal lembaga jasa keuangan asuransi. Angka ini turun dari survei tahun 2013 lalu di angka 17,84%. Sementara tingkat utilitas mencapai 12,08%, tidak berubah jauh dari survei 2013 di angka 11,81%*(sumber Republika.co.id, 5 Februari 2018). Indonesian society's understanding of insurance is still low, while the government is targeting the level of financial literacy in Indonesia could reach 75% in 2019. Based on the records of Financial Services Authority (OJK) per 2017, the index of insurance literacy in Indonesia only reached 15.76%. That is, from 100 Indonesian people only 15 to 16 people who have the knowledge regarding the insurance financial services institutions. This figure is down from 2013 survey at 17.84%. While the utility rate reached 12.08%, did not change significantly from 2013 survey at 11.81% *(source Republika.co.id, February 5, 2018). Di 2017, BNI Life melakukan berbagai kegiatan untuk turut meningkatkan tingkat literasi asuransi di Indonesia antara lain: In 2017, BNI Life carried out various activities to participate in increasing the level of insurance literacy in Indonesia, among others: Nama Program Program Name No 336 Realisasi Unit Unit Realization Jumlah Peserta Number of Participant Nominal 1 Lomba Balita Sehat - RS Hermina Ciputat Healthy Toddler Contest – Hermina Hospital Ciputat 2 10 1.500.000 2 Lomba Balita Sehat - RS Hermina Palembang Healthy Toddler Contest – Hermina Hospital Palembang 1 13 2.500.000 3 Lomba Balita Sehat - RS Hermina Yogyakarta Healthy Toddler Contest – Hermina Hospital Yogyakarta 1 100 10.000.000 4 Lomba Balita Sehat - RS Hermina Tangkuban Perahu Malang Healthy Toddler Contest – Hermina Hospital Tangkuban Perahu Malang 1 10 6.000.000 5 Lomba Balita Sehat - RS Hermina Arcamanik Bandung Healthy Toddler Contest – Hermina Hospital Arcamanik Bandung 2 166 1.000.000 6 Lomba Balita Sehat - RS Hermina Daan Mogot Jakbar Healthy Toddler Contest – Hermina Hospital Daan Mogot JakBar 0 20 - 7 Lomba Balita Sehat - RS Hermina Kemayoran Jakpus Healthy Toddler Contest – Hermina Hospital Kemayoran Jakpus 0 16 - 8 Lomba Balita Sehat - RS Hermina Jatinegara Jaktim Healthy Toddler Contest – Hermina Hospital Jatinegara Jaktim 0 27 - 9 Lomba Balita Sehat - RS Hermina Serpong Healthy Toddler Contest – Hermina Hospital Serpong 0 24 - 10 Lomba Balita Sehat - RS Hermina Pandanaran Semarang Healthy Toddler Contest – Hermina Hospital Pandanaran Semarang 0 11 - 11 Customer Gathering Pekanbaru 15 35 5.565.000.000 PT BNI Life Insurance | Laporan Tahunan 2017
  337. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Nama Program Program Name No Realisasi Unit Unit Realization Jumlah Peserta Number of Participant Nominal Customer Gathering Renon , Denpasar 24 25 7.672.000.000 13 Customer Gathering Fatmawati, Jakarta Selatan 21 30 6.515.000.000 14 Customer Gathering Graha Pangeran, Surabaya 27 40 7.411.000.000 15 Customer Gathering USU, Medan 26 30 7.618.000.000 16 Customer Gathering Tangerang 16 35 5.400.000.000 136 592 40.202.000.000 Keterangan: 1. Lomba Balita Sehat (1 – 10) : tim tenaga pemasar BNI Life hadir di event RS Hermina untuk memberikan penjelasan asuransi dan produk BNI Life kepada masyarakat yang hadir di acara tersebut. 2. Customer Gathering (11-16) : BNI Life bekerja sama dengan BNI mengundang customer BNI dan memberikan penjelasan/presentasi mengenai asuransi dan produk BNI Life. Remark: 1. Healthy Toddler Contest (1 - 10): BNI Life's sales force team was present at Hermina Hospital’s event to give explanation regarding insurance and BNI Life products to the people who attended the event. 2. Customer Gathering (11-16): BNI Life in cooperation with BNI invited BNI customers and gave explanations/presentations on insurance and BNI Life products. LAPORAN EDUKASI UNTUK MENINGKATKAN LITERASI KEUANGAN KEPADA KONSUMEN DAN/ATAU MASYARAKAT REPORT ON EDUCATION TO INCREASE FINANCIAL LITERACY TO CUSTOMERS AND/ OR COMMUNITIES Corporate Social Responsibility 12 Periode: 1 Januari s.d 31 Desember 2017 No Sasaran Target Program Literasi Keuangan Financial Literacy Program a. Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia 1 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia a. Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia 2 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Period: January 1 until December 31, 2017 Tujuan Aktivitas Objective Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Activity Radio Talkshow, Print Advertorial, Seminar Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Radio Talkshow, Print Advertorial, Seminar Frekuensi Frequency Dua bulan sekali Once every two months Dua bulan sekali Once every two months Kota City Jakarta (TBC) Bandung (TBC) Annual Report 2017 | PT BNI Life Insurance 337
  338. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility No Sasaran Target Program Literasi Keuangan Financial Literacy Program Tujuan Objective Aktivitas Activity Frekuensi Frequency Kota City a . Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia Tanggung Jawab Sosial perusahaan Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia 3 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Radio Talkshow, Print Advertorial, Seminar Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Dua bulan sekali Once every two months Surabaya (TBC) a. Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia 4 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Radio Talkshow, Print Advertorial, Seminar Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Dua bulan sekali Once every two months Palembang (TBC) a. Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia 5 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia 338 PT BNI Life Insurance | Laporan Tahunan 2017 Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Radio Talkshow, Print Advertorial, Seminar Dua bulan sekali Once every two months Denpasar (TBC)
  339. Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility No Sasaran Target Program Literasi Keuangan Financial Literacy Program a . Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia 6 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia a. Keluarga muda, Pria/Wanita usia 31-40, kalangan pekerja/ rumah tangga di kota2 besar di Indonesia Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia 7 b. Kalangan muda, Pria/Wanita usia 18-30, kalangan mahasiswa/ pekerja muda di kota2 besar di Indonesia Young generation, Male/Female with the age of 18-30, college students/young workers living in large cities of Indonesia Edukasi perencanaan & manajemen keuangan masa depan Education on future financial planning & management Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Aktivitas Activity Radio Talkshow, Print Advertorial, Seminar Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Membantu menyiapkan kalangan muda Indonesia, untuk mempersiapkan masa depan mereka lebih baik lagi, khususnya terkait perencanaan dan manajemen keuangan, untuk kualitas kehidupan yang lebih baik. Assist Indonesian young generation to prepare a better future, especially related to financial planning and management, for a better quality of life Frekuensi Frequency Dua bulan sekali Once every two months Laman khusus di website Sepanjang tahun Special page on website Throughout the year Kota City Yogyakarta (TBC) Corporate Social Responsibility Young family, Male/Female with the age of 31-40, workers/ housewives living in large cities in Indonesia Tujuan Objective Nasional Annual Report 2017 | PT BNI Life Insurance 339
  340. Laporan Keuangan Financial Report
  342. PT BNI Life Insurance dan Entitas Anak /and Subsidiaries Laporan keuangan konsolidasian tanggal 31 Desember 2017 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Consolidated financial statements as of December 31, 2017 and for the year then ended with independent auditors’ report 342 PT BNI Life Insurance | Laporan Tahunan 2017
  343. Annual Report 2017 | PT BNI Life Insurance 343
  344. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2017 DAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT BESERTA LAPORAN AUDITOR INDEPENDEN Daftar Isi PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 AND FOR THE YEAR THEN ENDED WITH INDEPENDENT AUDITORS’ REPORT Halaman/ Page Laporan Auditor Independen Table of Contents Independent Auditors’ Report Laporan Posisi Keuangan Konsolidasian......................... 1-2 ............ Consolidated Statement of Financial Position Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian ............................ 3-4 Consolidated Statement of Profit or Loss ..................... and Other Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian ..................... 5 ........... Consolidated Statement of Changes in Equity Laporan Arus Kas Konsolidasian ..................................... 6 ..................... Consolidated Statement of Cash Flows Catatan Atas Laporan Keuangan Konsolidasian.............. 7-138 ........Notes to the Consolidated Financial Statements ************************ 344 PT BNI Life Insurance | Laporan Tahunan 2017
  345. Annual Report 2017 | PT BNI Life Insurance 345
  346. 346 PT BNI Life Insurance | Laporan Tahunan 2017
  347. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of December 31, 2017 (Expressed in millions of Rupiah, unless otherwise stated) 31 Desember 2017/ December 31, 2017 ASET Kas dan kas pada bank Piutang premi Piutang hasil investasi Piutang reasuransi Aset reasuransi Investasi Dana jaminan Deposito berjangka Efek-efek Penyertaan saham Pinjaman pemegang polis Piutang lain-lain - neto Beban dibayar dimuka Aset tetap - neto Aset pajak tangguhan - neto Aset lain-lain - neto 258.945 1.182.712 13.123.221 1.500 805 97.908 15.027 112.114 33.688 871.371 TOTAL ASET 16.304.038 LIABILITAS, DANA PESERTA DAN EKUITAS LIABILITAS Utang klaim Utang reasuransi Utang komisi Utang pajak Titipan premi Utang lain-lain Akrual Utang sewa pembiayaan Liabilitas kepada pemegang polis Liabilitas manfaat polis masa depan Penyisihan kontribusi yang belum menjadi hak Ujrah diterima dimuka Premi yang belum merupakan pendapatan Estimasi liabilitas klaim Liabilitas imbalan kerja TOTAL LIABILITAS Dana Peserta 279.269 130.498 121.713 20.259 55.008 Catatan/ Notes 9 10 12 11 17,42 4 5 6 7 8 14 13 16 22d 15 31 Desember 2016/ December 31, 2016 149.315 1.515.775 9.638.341 1.500 876 103.955 29.613 112.105 44.053 935.720 ASSETS Cash and cash in banks Premium receivables Investment income receivables Reinsurance receivables Reinsurance assets Investments Statutory funds Time deposits Marketable securities Investment in shares Loan to policyholders Other receivables - net Prepaid expenses Fixed assets - net Deferred tax assets - net Other assets - net 13.080.063 TOTAL ASSETS 261.473 52.286 161.847 19.434 53.770 100.200 10.288 18b,42 113.461 - LIABILITIES, PARTICIPANT’S FUND AND EQUITY LIABILITIES Claim payables Reinsurance payables Commission payables Tax payables Premium deposits Other payables Accrued expenses Obligations under finance lease Liabilities to policyholders Liabilities for future policy benefits Unearned contributions provisions Unearned ujrah 224.752 164.746 103.976 18c 18d 25 140.479 123.783 124.073 Unearned premiums Estimated claim liabilities Employee benefits liability 8.090.162 TOTAL LIABILITIES 83.427 Participants’ Fund 18.261 17.373 30.825 2.694 78.276 95.423 61.457 6.544 18e 21 22a 20 23 24 16 6.121 26.428 23.927 1.933 48.753 22.221 62.322 12.369 9.790.274 18a 7.384.292 10.705.089 247.042 19 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole. 1 Annual Report 2017 | PT BNI Life Insurance 347
  348. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN (lanjutan) Tanggal 31 Desember 2017 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued) As of December 31, 2017 (Expressed in millions of Rupiah, unless otherwise stated) 31 Desember 2017/ December 31, 2017 Catatan/ Notes 31 Desember 2016/ December 31, 2016 LIABILITAS, DANA PESERTA DAN EKUITAS (lanjutan) EKUITAS Modal saham - nilai nominal Rp 1.000 per saham Modal dasar - 400.000.000 saham Modal ditempatkan dan disetor penuh - 300.699.133 saham Tambahan modal disetor Keuntungan (kerugian) yang belum direalisasi atas efek-efek tersedia untuk dijual Cadangan revaluasi aset Pengukuran kembali imbalan pasca kerja Saldo laba Telah ditentukan penggunaannya Belum ditentukan penggunaannya TOTAL EKUITAS TOTAL LIABILITAS, DANA PESERTA DAN EKUITAS LIABILITIES, PARTICIPANT’S FUND AND EQUITY (continued) 300.699 4.157.813 26 27 63.582 32.996 16 12.912 60.140 723.765 26 5.351.907 16.304.038 TOTAL EQUITY 13.080.063 TOTAL LIABILITIES, PARTICPANT’S FUND AND EQUITY (49.456) 32.996 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole. 2 PT BNI Life Insurance | Laporan Tahunan 2017 4.906.474 300.699 4.157.813 (9.824) Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. 348 60.140 414.106 EQUITY Share capital - Rp 1.000 par value per share Authorised - 400,000,000 shares issued and fully paid 300,699,133 shares Additional paid-in capital Unrealized gain (loss) on available-for-sale marketable securities Assets revaluation reserve Remeasurement of post employee benefit Retained earnings Appropriated Unappropriated
  349. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2017 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 31 Desember 2017/ December 31, 2017 PENDAPATAN Pendapatan premi Premi bruto Premi reasuransi Perubahan atas premi yang belum merupakan pendapatan 5.710.686 (49.096) Pendapatan premi - neto 5.577.321 Pendapatan fee dari asuransi syariah (ujrah) Pendapatan investasi - neto Pendapatan lain-lain 69.898 1.281.910 58.656 TOTAL PENDAPATAN 6.987.785 BEBAN Klaim dan manfaat polis Klaim reasuransi Ujrah dibayar (reasuransi) Perubahan liabilitas manfaat polis masa depan Perubahan estimasi liabilitas klaim Beban asuransi lainnya Beban akuisisi Beban pemasaran Beban umum dan administrasi Lain-lain - neto TOTAL BEBAN (84.269) PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the Year Ended December 31, 2017 (Expressed in millions of Rupiah, unless otherwise stated) Catatan/ Notes 31 Desember 2016/ December 31, 2016 4.745.531 (47.916) 18c (62.466) INCOME Premium income Gross premium Reinsurance premium Changes in unearned premium reserves 28 4.635.149 Premium income - net 29 30 53.710 982.169 50.387 Fee income from sharia insurance (ujrah) Investment income - net Other income 5.721.415 TOTAL INCOME 2.638.000 (44.173) 4.127 31 31 1.348.908 (28.589) 3.352 2.405.434 18a 2.836.875 39.135 43.156 801.956 93.724 18d 32 33 35.864 31.288 655.447 84.748 575.572 5.893 34 35 526.326 3.446 EXPENSES Claim and policy benefits Reinsurance claim Payment of ujrah (reinsurance) Changes in liabilities for future policy benefits Changes in estimated claim liabilities Other insurance expenses Acquisition cost Marketing expenses General and administrative expenses Others - net 5.497.665 TOTAL EXPENSES INCOME BEFORE FINAL TAX EXPENSE AND INCOME TAX BENEFIT 6.562.824 LABA SEBELUM BEBAN PAJAK FINAL DAN MANFAAT PAJAK PENGHASILAN 424.961 223.750 Beban pajak final (56.574) (52.044) LABA SEBELUM MANFAAT PAJAK PENGHASILAN 368.387 171.706 INCOME BEFORE INCOME TAX BENEFIT 12.244 Income tax benefit - net 183.950 INCOME FOR THE YEAR Manfaat pajak penghasilan - neto LABA TAHUN BERJALAN 6.517 22c 374.904 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. Final tax expense The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole. 3 Annual Report 2017 | PT BNI Life Insurance 349
  350. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2017 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 31 Desember 2017/ December 31, 2017 PENGHASILAN KOMPREHENSIF LAIN Pos-pos yang tidak akan direklasifikasi ke laba rugi Pengukuran kembali imbalan pasca kerja Beban pajak terkait Beban pajak terkait keuntungan atas revaluasi aset tetap PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (continued) For the Year Ended December 31, 2017 (Expressed in millions of Rupiah, unless otherwise stated) Catatan/ Notes 30.314 (7.579) 25c 22d (8.846) 2.212 - 22d (3.564) OTHER COMPREHENSIVE INCOME Items that will not be reclassified to profit or loss Remeasurement of post employment benefit Related tax expense Related tax expense of gain on revaluation of fixed assets (40.195) (2.162) Items that will be reclassified to profit or loss Unrealized gain (loss) on available-for-sale marketable securities Related tax expense Pos-pos yang akan direklasifikasi ke laba rugi Keuntungan (kerugian) yang belum direalisasi atas efek-efek yang tersedia untuk dijual Beban pajak terkait 122.342 (9.303) Total penghasilan (kerugian) komprehensif lain 135.774 (52.555) Total other comprehensive income (loss) TOTAL PENGHASILAN KOMPREHENSIF TAHUN BERJALAN 510.678 131.395 TOTAL COMPREHENSIVE INCOME FOR THE YEAR 22d Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole. 4 350 31 Desember 2016/ December 31, 2016 PT BNI Life Insurance | Laporan Tahunan 2017
  351. Annual Report 2017 | PT BNI Life Insurance 351 2j 4.157.813 - - - 4.157.813 - 4.157.813 4.157.813 - - - 4.157.813 Tambahan modal disetor/ Additional paid in capital 63.583 113.039 - - (49.456) - (49.456) (49.456) (42.357) - - (7.099) Keuntungan (kerugian) yang belum direalisasi atas efek-efek tersedia untuk dijual, bersih setelah pajak/ Unrealized gain (loss) on availablefor-sale marketable securities, net of tax Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. 300.699 - Saldo, 31 Desember 2017 - - 300.699 Laba tahun berjalan 26 - Penghasilan (kerugian) komprehensif lain Dividen kas Saldo, 1 Januari 2017 Dampak atas penerapan PSAK No. 108 300.699 Saldo, 31 Desember 2016 - Penghasilan (kerugian) komprehensif lain 300.699 - Laba tahun berjalan Saldo, 31 Desember 2016 - 300.699 Dividen kas Saldo, 31 Desember 2015 Catatan/ Notes Modal saham ditempatkan dan disetor penuh/ Issued and fully paid share capital PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2017 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 5 12.911 22.735 - - (9.824) - (9.824) (9.824) (6.634) - - (3.190) 60.140 - - - 60.140 60.140 60.140 - - - 60.140 Telah ditentukan penggunaannya/ Appropriated - 723.765 - 374.904 (55.186) 404.047 (10.059) 414.106 414.106 - 183.950 (48.012) 278.168 Belum ditentukan penggunaannya/ Unappropriated Saldo laba/Retained earnings 5.351.907 135.774 374.904 (55.186) 4.896.415 (10.059) 4.906.474 4.906.474 (52.555) 183.950 (48.012) 4.823.091 Total ekuitas/ Total equity Balance, December 31, 2017 Other comprehensive income (loss) Income for the year Cash dividends Balance, January 1, 2017 Impact on implementation of PSAK No. 108 Balance, December 31, 2016 Balance, December 31, 2016 Other comprehensive income (loss) Income for the year Cash dividends Balance, December 31, 2015 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole. 32.996 - - - 32.996 - 32.996 32.996 (3.564) - - 36.560 Cadangan revaluasi aset/ Assets revaluation reserve Pengukuran kembali imbalan pasca kerja, bersih setelah pajak/ Remeasurement of post employee benefit, net of tax PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the Year Ended December 31, 2017 (Expressed in millions of Rupiah, unless otherwise stated) The original consolidated financial statements included herein are in the Indonesian language.
  352. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2017 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 (Expressed in millions of Rupiah, unless otherwise stated) Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 ARUS KAS DARI AKTIVITAS OPERASI Penerimaan premi dan kontribusi Penerimaan klaim reasuransi Penerimaan lain-lain Pembayaran untuk: Premi reasuransi Komisi Klaim dan manfaat polis Beban umum dan administrasi Pajak final Lain-lain - neto Kas bersih diperoleh dari aktivitas operasi 5.859.768 60.292 316.936 4.898.722 37.640 58.368 (78.535) (559.325) (2.799.919) (542.423) (56.574) (273.299) (51.554) (442.148) (1.455.809) (453.063) (52.044) (332.535) 1.926.921 2.207.577 CASH FLOWS FROM OPERATING ACTIVITIES Premium and contributions received Reinsurance claim received Other receipts Payments for: Reinsurance premium Commissions Claim and policy benefit General and administrative expenses Final tax Othes - net Net cash provided from operating activities ARUS KAS DARI AKTIVITAS INVESTASI Penerimaan dari hasil investasi Penerimaan dari penjualan aset tetap Perolehan aset tetap Penempatan investasi - neto 1.326.066 1.684 (42.761) (3.139.034) 901.221 (14.368) (2.898.116) CASH FLOWS FROM INVESTING ACTIVITES Proceeds from investment income Proceeds from sale of fixed assets Acquisitions of fixed assets Investments placement - net Kas bersih digunakan untuk aktivitas investasi (1.854.045) (2.011.263) Net cash used in investing activities (55.186) (48.012) CASH FLOWS FROM FINANCING ACTIVITES Cash dividends paid 17.690 148.302 ARUS KAS DARI AKTIVITAS PENDANAAN Pembayaran dividen kas KENAIKAN BERSIH KAS DAN KAS PADA BANK DAMPAK BERSIH PERUBAHAN NILAI TUKAR ATAS KAS DAN KAS PADA BANK 106 (341) NET INCREASE IN CASH AND CASH IN BANKS NET EFFECT OF CHANGES IN EXCHANGE RATES IN CASH AND CASH IN BANKS KAS DAN KAS PADA BANK AWAL TAHUN 261.473 113.512 CASH AND CASH IN BANKS AT THE BEGINNING OF THE YEAR KAS DAN KAS PADA BANK AKHIR TAHUN 279.269 261.473 CASH AND CASH IN BANKS AT THE END OF THE YEAR Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. 352 2016 PT BNI Life Insurance | Laporan Tahunan 2017 6 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole.
  353. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 1. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) UMUM 1. GENERAL Pendirian Perusahaan Establishment of the Company PT BNI Life Insurance (“Perusahaan”) pada awalnya didirikan dengan nama “PT Asuransi Jiwa BNI Jiwasraya” berdasarkan Akta Notaris No. 24 tanggal 28 November 1996 di Jakarta, yang diaktakan oleh Laura Elisabeth Palilingan, S.H., sebagai pengganti dari Koesbiono Sarmanhadi, S.H., M.H. Akta pendirian ini disahkan dengan Keputusan Menteri Kehakiman Republik Indonesia No. C2-1787 HT.01.01.Th.97 tanggal 14 Maret 1997 serta diumumkan dalam Lembaran Berita Negara No. 74 Tambahan No. 4121 tanggal 16 September 1997. PT BNI Life Insurance (the “Company”) was originally established under the name “PT Asuransi Jiwa BNI Jiwasraya” based on the Notarial Deed No. 24 of Laura Elisabeth Palilingan, S.H. as substitute of Koesbiono Sarmanhadi, S.H., M.H., dated November 28, 1996, in Jakarta. The deed of establishment was approved by Ministry of Justice of the Republic of Indonesia Decree No. C2-1787 HT.01.01.Th.97 dated March 14, 1997, and was published in Supplement No. 4121 of State Gazette No. 74 dated September 16, 1997. Pada tanggal 26 November 2004, Perusahaan telah mengubah namanya menjadi PT BNI Life Insurance, dan telah disahkan dengan Keputusan Menteri Hukum dan Hak Asasi Manusia Republik Indonesia Nomor C-31600 HT.01.04.TH.2004 tanggal 29 Desember 2004. On November 26, 2004, the Company has changed its name to PT BNI Life Insurance, which was approved by Ministry of Law and Human Rights of the Republic of Indonesia Number C-31600 HT.01.04.TH.2004 dated December 29, 2004. Memenuhi ketentuan Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas, Anggaran Dasar Perseroan telah mengalami perubahan beberapa kali, yang terakhir dengan Akta Notaris Nomor 44 tanggal 29 Agustus 2014 dari Fathiah Helmi, S.H., mengenai perubahan Pasal 13 (4) dan Pasal 16 (2) serta pengangkatan Dewan Komisaris dan Direksi PT BNI Life Insurance. Akta perubahan Anggaran Dasar terakhir ini telah diterima dan dicatat di Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia Nomor AHU-05635.40.21.2014 dan AHU-26846.40.22.2014 tanggal 29 Agustus 2014. In compliance with Limited Liability Company Law Number 40 Year 2007, the Company’s Articles of Association has been amended several times, the latest by the Notarial Deed Number 44 dated 29 August 2014 of Fathiah Helmi, S.H. regarding the amendment of Article 13 (4) and Article 16 (2) and the appointment of Board of Commissioners and Directors of PT BNI Life Insurance. The Deed of establishment has been received and recorded by Ministry of Law and Human Rights of Republic Indonesia Number AHU-05635.40.21.2014 and AHU-26846.40.22.2014 dated 29 August 2014. Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, ruang lingkup kegiatan Perusahaan adalah menjalankan usaha-usaha dalam bidang asuransi jiwa termasuk usaha asuransi jiwa dengan prinsip syariah. Perusahaan memperoleh izin usaha sebagai perusahaan asuransi jiwa berdasarkan Keputusan Menteri Keuangan Republik Indonesia No. Kep-305/KMK.017/1997 tanggal 7 Juli 1997. In accordance with article 3 of the Company’s Articles of Association, the scope of the Company’s activities is to engage in life insurance business including life insurance business under sharia principle. The Company obtained its operating license as a life insurance company based on the Ministry of Finance of the Republic of Indonesia Decree No. Kep-305/KMK.017/1997 dated July 7, 1997. Perusahaan juga telah memperoleh izin pembukaan kantor cabang dengan prinsip syariah berdasarkan Keputusan Menteri Keuangan Republik Indonesia tanggal 19 Mei No. KEP-186/KM.6/2004 2004. The Company also has obtained license to open branch office that would operate in accordance with sharia principle based on the Ministry of Finance of the Republic of Indonesia Decree No. KEP-186/KM.6/2004 dated May 19, 2004. Perusahaan memulai kegiatan komersialnya pada tahun 1997. The Company started its commercial operation in 1997. 7 Annual Report 2017 | PT BNI Life Insurance 353
  354. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 1. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) UMUM (lanjutan) 1. Pendirian Perusahaan (lanjutan) Establishment of the Company (continued) Perusahaan berdomisili di Jakarta; dan kantor pusatnya berlokasi di Centennial Tower, Lantai 9, Jl. Gatot Subroto Kav. 24 - 25 Jakarta 12930. Perusahaan memiliki kantor-kantor pemasaran yang tersebar di beberapa kota di Indonesia. The Company is domiciled in Jakarta; and its head office is located in Centennial Tower, 9th Floor, Jl. Gatot Subroto Kav. 24 - 25 Jakarta 12930. The Company has marketing offices in several cities in Indonesia. Entitas Induk dan Entitas Induk Terakhir masingmasing adalah PT Bank Negara Indonesia (Persero) Tbk dan Pemerintah Pusat Republik Indonesia. The Parent Entity and Ultimate Parent Entity are PT Bank Negara Indonesia (Persero) Tbk and the Central Government of the Republic of Indonesia, respectively. Penyelesaian laporan keuangan konsolidasian Completion statements Laporan keuangan konsolidasian terlampir telah diselesaikan dan diotorisasi untuk diterbitkan oleh Direksi Perusahaan pada tanggal 22 Februari 2018. The accompanying consolidated financial statements were completed and authorized for issue by the Company’s Directors on February 22, 2018. Dewan komisaris, direksi dan karyawan Board of employees Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2017 adalah sebagai berikut: The Board of Commissioners and Directors of the Company as of December 31, 2017 as follows: Komisaris Komisaris Utama/Independen Komisaris Komisaris Komisaris Independen Direksi Wakil Direktur Utama/ Plt. Direktur Utama Direktur Direktur Direktur Komisaris Komisaris Utama/Independen Komisaris Komisaris Komisaris Independen Komisaris Independen Direksi Direktur Utama Wakil Direktur Utama Direktur Direktur Direktur Geger Nuryaman Maulana Intan Sari Abdams Katoppo Hirokazu Todaka Naruyoshi Kuwata the consolidated commissioners, financial directors and Directors Vice President Director/ Acting as President Director Director Director Director The Board of Commissioners and Directors of the Company as of December 31, 2016 as follows: Krisna Wijaya Darwin Suzandi Shinzo Kono Mauli Adiwarman Idris Wiriadi Saputra Budi T.A. Tampubolon Geger Nuryaman Maulana Intan Sari Abdams Katoppo Kazuhiko Arai Hirokazu Todaka 8 PT BNI Life Insurance | Laporan Tahunan 2017 of Commissioner President Commissioner/Independent Commissioner Commissioner Independent Commissioner Krisna Wijaya Darwin Suzandi Kazuhiko Arai Husain Abdullah Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2016 adalah sebagai berikut: 354 GENERAL (continued) Commissioner President Commissioner/Independent Commissioner Commissioner Independent Commissioner Independent Commissioner Directors President Director Vice President Director Director Director Director
  355. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 1. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) UMUM (lanjutan) Dewan komisaris, (lanjutan) 1. direksi dan karyawan Board of commissioners, employees (continued) K.H. Ma’ruf Amin Prof. Dr. H. Utang Ranuwijaya, MA Ir. Agus Haryadi, AAAIJ, FIIS, ASAI and Chairman Member Member As of December 31, 2017 and 2016, the Company has a total of 634 and 639 permanent employees, respectively (unaudited). Pada tanggal-tanggal 31 Desember 2017 dan 2016, Perusahaan mempunyai masing-masing 634 dan 639 karyawan tetap (tidak diaudit). 2. directors The composition of the Company’s sharia supervisory board as of December 31, 2017 and 2016, are as follows: Susunan dewan pengawas syariah Perusahaan pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: Ketua Anggota Anggota GENERAL (continued) IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY POLICIES OF SIGNIFICANT ACCOUNTING Kebijakan akuntansi yang signifikan diterapkan secara konsisten dalam penyusunan laporan keuangan konsolidasian Perusahaan pada tanggal-tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: The significant accounting policies applied consistently in the preparation of the consolidated financial statements of the Company as of December 31, 2017 and 2016, were as follows: a. keuangan a. Basis of preparation of the consolidated financial statements Laporan keuangan konsolidasian telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia. Laporan keuangan konsolidasian disusun dengan menggunakan konsep biaya historis, selain tanah dan bangungan yang diukur dengan menggunakan model revaluasi, aset keuangan yang diklasifikasikan dalam kelompok yang diukur pada nilai wajar melalui laporan laba rugi dan aset keuangan yang tersedia untuk dijual, serta disusun dengan dasar akrual, kecuali untuk laporan arus kas konsolidasian. The consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards. The consolidated financial statements have been prepared under historical cost concept, other than land and buildings measured using revaluation model, financial assets classified at fair value through profit or loss and availablefor-sale financial assets which have been measured at fair value, and under the accrual basis of accounting, except for the consolidated statement of cash flows. Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung dan mengelompokkan arus kas ke dalam aktivitas operasi, investasi, dan pendanaan. The consolidated statement of cash flows is prepared based on the direct method by classifying cash flows on the basis of operating, investing, and financing activities. Mata uang penyajian yang digunakan pada laporan keuangan konsolidasian adalah mata uang Rupiah, yang merupakan mata uang fungsional Perusahaan. The presentation currency used in the consolidated financial statements is the Indonesian Rupiah, which is the Company’s functional currency. Seluruh angka dalam Iaporan keuangan konsolidasian ini, dibulatkan menjadi dan disajikan dalam jutaan Rupiah yang terdekat, kecuali dinyatakan lain. Figures in the consolidated financial statements are rounded to and expressed in millions of Rupiah, unless otherwise stated. Dasar penyusunan konsolidasian laporan 9 Annual Report 2017 | PT BNI Life Insurance 355
  356. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) a. AKUNTANSI Dasar penyusunan laporan konsolidasian (lanjutan) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. keuangan SUMMARY OF SIGNIFICANT POLICIES (continued) a. Prinsip-prinsip konsolidasian b. Principles of consolidations Laporan keuangan konsolidasian mencakup laporan keuangan Perusahaan dan entitas anak yang merupakan entitas terstruktur. Entitas anak merupakan suatu entitas dimana Perusahaan memiliki kepemilikan sebesar lebih dari setengah hak suara atau mampu menentukan kebijakan keuangan dan operasional entitas tersebut. The consolidated financial statements include the accounts of the Company and Subsidiaries including structured entities, presented as a single economic unit. Subsidiaries are entities in which the Company has an interest of more than half of the voting rights or to govern financial and operating policies. Pengendalian didapat ketika Perusahaan terekspos atau memiliki hak atas imbal hasil variabel dari keterlibatannya dengan investee dan memiliki kemampuan untuk mempengaruhi imbal hasil tersebut melalui kekuasaannya atas investee. Control is achieved when the Company is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Secara spesifik, Perusahaan mengendalikan investee jika dan hanya jika Perusahaan memiliki seluruh hal berikut ini: Specifically, the Company controls an investee if and only if the Company has: • Kekuasaan atas investee (misal, hak yang ada memberi kemampuan kini untuk mengarahkan aktivitas relevan investee); • Power over the investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee); • Eksposur atau hak atas imbal hasil variabel dari keterlibatannya dengan investee, dan • Exposure, or rights, to variable returns from its involvement with the investee, and • Kemampuan untuk menggunakan kekuasaanya atas investee untuk mempengaruhi jumlah imbal hasil investor. • The ability to use its power over the investee to affect its returns. 10 356 Basis of preparation of the consolidated financial statements (continued) The preparation of consolidated financial statements requires the use of estimates and assumptions that affects the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management’s best knowledge of current events and activities, actual results may differ from those estimates (Note 3). Dalam penyusunan laporan keuangan konsolidasian membutuhkan estimasi dan asumsi yang mempengaruhi nilai aset dan liabilitas dilaporkan dan pengungkapan atas aset dan liabilitas kontinjensi pada tanggal laporan keuangan konsolidasian, dan total pendapatan dan beban selama periode laporan. Walaupun estimasi ini dibuat berdasarkan pengetahuan terbaik manajemen atas kejadian dan tindakan saat ini, hasil yang timbul mungkin berbeda dengan total yang diestimasi semula (Catatan 3). b. ACCOUNTING PT BNI Life Insurance | Laporan Tahunan 2017
  357. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) b. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Prinsip-prinsip konsolidasian (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) b. ACCOUNTING Principles of consolidations (continued) Ketika Perusahaan memiliki kurang dari hak suara mayoritas, Perusahaan dapat mempertimbangkan semua fakta dan keadaan yang relevan dalam menilai apakah memiliki kekuasaan atas investee, termasuk: When the Company has less than a majority of the voting or similar rights of an investee, the Company considers all relevant facts and circumtances in assessing whether it has power over an investee, including: • Pengaturan kontraktual dengan pemilik hak suara yang lain. • The contractual arrangement with the other vote holders of the investee. • Hak yang timbul kontraktual lain. pengaturan • Rights arising from other contractual arrangements. • Hak suara dan hak suara potensial Perusahaan. • The Company’s voting rights and potential voting rights. dari Perusahaan menilai kembali apakah investor mengendalikan investee jika fakta dan keadaan mengindikasikan adanya perubahan terhadap satu atau lebih dari tiga elemen pengendalian. Konsolidasi atas anak perusahaan dimulai ketika Perusahaan memiliki pengendalian atas anak perusahaan dan berhenti ketika Perusahaan kehilangan pengendalian atas anak perusahaan. Aset, liabilitas, penghasilan dan beban atas anak perusahaan yang diakuisisi atau dilepas selama tahun tertentu termasuk dalam laba rugi dan penghasilan komprehensif lain konsolidasian dari tanggal Perusahaan memperoleh pengendalian sampai dengan tanggal Perusahaan menghentikan pengendalian atas anak perusahaan. The Company re-assesses whether or not it controls an investee if facts and circumtances indicate that there are changes to one or more of the three elements of controls. Consolidation of a subsidiaries begin when the Company obtains control over the subsidiaries and ceases when the Company losses control of subsidiaries. Assets, liabilities, income and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statement of profit and loss and other comprehensive income from the date the Company gains control until the date the Company ceases to control the subsidiaries. Kepentingan non-pengendali dinyatakan sebesar proporsi pemegang saham minoritas atas laba neto dan ekuitas entitas anak tersebut sesuai dengan persentase kepemilikan pemegang saham minoritas pada entitas anak tersebut. The non-controlling interest represents the noncontrolling shareholders’ proportionate share in the net income and equity of the Subsidiaries based on the percentage of ownership of the non-controlling shareholders in the subsidiaries. Perusahaan mempunyai investasi di beberapa entitas bertujuan khusus seperti reksadana. Kepemilikan Perusahaan dalam entitas ini dapat berfluktuasi dari hari ke hari sesuai dengan partisipasi Perusahaan di entitas tersebut. Dimana Perusahaan mengendalikan entitas semacam ini, entitas ini dikonsolidasikan dengan kepentingan pihak ketiga, apabila ada, disajikan sebagai aset neto yang dapat diatribusikan ke pemegang unit dan laba yang diatribusikan ke pemegang unit masing-masing dalam laporan posisi keuangan konsolidasian dan laporan laba rugi dan penghasilan komprehensif lain konsolidasian. The Company has invested in a number of special purpose entities such as mutual fund. The Company’s percentage of ownership in these entities may fluctuate from day to day according to the Company’s participation in them. Where the Company controls such entities, they are consolidated with the interest of third parties, if any, shown as net asset value attributable to unit-holders and profit attributable to unit-holders in the consolidated statement of financial position and consolidated statement of profit or loss and other comprehensive income, respectively. 11 Annual Report 2017 | PT BNI Life Insurance 357
  358. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan c. ACCOUNTING Financial instruments Aset keuangan Financial assets Perusahaan mengklasifikasikan aset keuangannya dalam kategori aset keuangan yang diukur pada nilai wajar melalui laba rugi, aset keuangan yang dimiliki hingga jatuh tempo, dan aset keuangan tersedia untuk dijual dan pinjaman yang diberikan dan piutang. Klasifikasi ini tergantung dari tujuan perolehan aset tersebut. Manajemen menentukan klasifikasi aset keuangan tersebut pada saat awal pengakuannya. The Company classifies its financial assets in the following categories of financial assets at fair value through profit or loss, held-to-maturity investments, and available-for-sale financial assets, loans and receivables. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition. (i) (i) Aset keuangan yang diukur pada nilai wajar melalui laba rugi (FVTPL): Financial assets at fair value through profit or loss (FVTPL): Kategori ini terdiri dari dua sub-kategori: aset keuangan yang diklasifikasikan dalam kelompok diperdagangkan, dan aset keuangan yang pada saat pengakuan awal telah ditetapkan oleh Perusahaan untuk diukur pada nilai wajar melalui laba rugi. This category comprises two subcategories: financial assets classified as held for trading, and financial assets designated by the Company as of fair value through profit or loss upon initial recognition. Aset keuangan diklasifikasikan dalam kelompok diperdagangkan jika diperoleh terutama untuk tujuan dijual dalam waktu dekat atau jika merupakan bagian dari portofolio instrumen keuangan tertentu yang dikelola bersama dan terdapat bukti mengenai pola ambil untung dalam jangka pendek (short term profit taking) yang terkini. A financial asset is classified as held for trading if it is acquired principally for the purpose of selling it in the near term or if it is part of a portofolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short term profit taking. Instrumen keuangan yang dikelompokkan ke dalam kategori ini diakui pada nilai wajarnya pada saat pengakuan awal; biaya transaksi (jika ada) diakui secara langsung ke dalam laporan laba rugi. Keuntungan dan kerugian yang timbul dari perubahan nilai wajar dan penjualan instrumen keuangan ini diakui di dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dan dicatat masing-masing sebagai “Pendapatan investasi dari obligasi” dan ”Laba investasi reksadana”. Financial instruments included in this category are recognized initially at fair value; transaction costs (if any) are taken directly to the profit or loss. Gain or loss arising from changes in fair value and sales of these financial instruments are included directly in the consolidated statement of profit or loss and other comprehensive income and are recorded as “Investment income in bonds” and “Gain from investment on mutual funds”, respectively. Pendapatan bunga dari instrumen keuangan yang diperdagangkan termasuk di dalam “Pendapatan investasi - neto”. Hasil investasi neto diakui berdasarkan basis akrual. Keuntungan (kerugian) selisih kurs atas investasi dilaporkan sebagai “Pendapatan investasi - neto”. Interest income on financial instruments held for trading are included in “Investment income - net”. Net investment income is recognized on an accrual basis. Foreign exchange gain (loss) on investments are reported as “Investment income - net”. 12 358 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  359. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) c. ACCOUNTING Financial instruments (continued) Aset keuangan (lanjutan) Financial assets (continued) (ii) (ii) Held-to-maturity financial assets: Aset keuangan dimiliki hingga jatuh tempo: Aset keuangan dalam kelompok dimiliki hingga jatuh tempo adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan jatuh temponya telah ditetapkan, serta Perusahaan mempunyai intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo, kecuali: Held-to-maturity financial assets are nonderivative financial assets with fixed or determinable payments and fixed maturities that the Company has the positive intention and ability to hold to maturity, other than: • • those that the Company upon initial recognition designates as of fair value through profit or loss; • those that the Company designates as available for sale; and • those that meet the definition of loans and receivables. • • yang pada saat pengakuan awal ditetapkan sebagai aset keuangan yang diukur pada nilai wajar melalui laba rugi; yang ditetapkan oleh Perusahaan dalam kelompok tersedia untuk dijual; dan yang memiliki definisi kredit yang diberikan dan piutang. Pada saat pengakuan awal, aset keuangan dimiliki hingga jatuh tempo diakui pada nilai wajarnya ditambah biaya transaksi (jika ada) dan selanjutnya diukur pada biaya perolehan diamortisasi dengan menggunakan suku bunga efektif dikurangi cadangan kerugian penurunan nilai. Held-to-maturity financial assets recognized at fair value including transaction costs (if any) and subsequently measured at amortized cost, using the effective interest method less allowance for impairment loss. Pendapatan bunga dari aset keuangan dimiliki hingga jatuh tempo dicatat pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian dan diakui sebagai “Pendapatan investasi - neto”. Ketika penurunan nilai terjadi, kerugian penurunan nilai diakui sebagai pengurang dari nilai tercatat investasi dan diakui di dalam laporan posisi keuangan konsolidasian sebagai “Cadangan kerugian penurunan nilai”. Interest income on held-to-maturity in financial assets are recorded consolidated statement of profit or loss and other comprehensive income and reported as “Investment income - net”. In the case of an impairment, the impairment loss is reported as a deduction from the carrying value of the investment and recognized in consolidated statement of financial position as ”Allowance for impairment loss”. (iii) Available-for-sale financial assets: (iii) Aset keuangan tersedia untuk dijual: Aset keuangan dalam kelompok tersedia untuk dijual adalah aset keuangan nonderivatif yang ditetapkan untuk dimiliki untuk periode tertentu dimana akan dijual dalam rangka pemenuhan likuiditas atau perubahan suku bunga, valuta asing atau yang tidak diklasifikasikan sebagai pinjaman yang diberikan atau piutang, aset keuangan yang diklasifikasikan dalam kelompok dimiliki hingga jatuh tempo atau aset keuangan yang diukur pada nilai wajar melalui laba rugi. Available-for-sale financial assets are non-derivative financial assets that are intended to be held for definite period of time, which may be sold in response to needs for liquidity or changes in interest rates, exchange rates or that are not classified as loans or receivables, held-tomaturity financial assets or financial assets measured at fair value through profit or loss. 13 Annual Report 2017 | PT BNI Life Insurance 359
  360. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan (lanjutan) c. ACCOUNTING Financial instruments (continued) Aset keuangan (lanjutan) Financial assets (continued) (iii) Aset keuangan tersedia untuk dijual: (lanjutan) (iii) Available-for-sale (continued) financial assets: Available-for-sale financial assets are initially recognized at fair value plus transaction costs (if any) and measured subsequently at fair value with gain or loss being recognized as other comprehensive income, except for impairment loss and foreign exchange gain and loss, until the financial assets is derecognized. If an available-for-sale financial asset is determined to be impaired, the cumulative gain or loss previously recognized in other comprehensive income is recognized in the profit or loss. Interest income is calculated using the effective interest method, and foreign currency gain or loss on monetary assets classified as availablefor-sale are recorded in the consolidated statement of profit or loss and other comprehensive income. Pada saat pengakuan awalnya, aset keuangan tersedia untuk dijual diakui pada nilai wajarnya ditambah biaya transaksi (jika ada) dan selanjutnya diukur pada nilai wajarnya dimana keuntungan atau kerugian diakui sebagai penghasilan komprehensif lain, kecuali untuk kerugian penurunan nilai dan laba rugi selisih kurs, hingga aset keuangan dihentikan pengakuannya. Jika aset keuangan tersedia untuk dijual mengalami penurunan nilai, akumulasi laba atau rugi yang sebelumnya diakui di penghasilan komprehensif lain, diakui sebagai laba atau rugi. Pendapatan bunga dihitung menggunakan metode suku bunga efektif dan keuntungan atau kerugian yang timbul akibat perubahan nilai tukar dari aset moneter yang diklasifikasikan sebagai kelompok tersedia untuk dijual diakui pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian. (iv) Loans and receivables: (iv) Pinjaman yang diberikan dan piutang: Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market, other than: Pinjaman yang diberikan dan piutang adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan tidak mempunyai kuotasi di pasar aktif, kecuali: • yang dimaksudkan oleh Perusahaan untuk dijual dalam waktu dekat, yang diklasifikasikan dalam kelompok diperdagangkan, serta yang pada saat pengakuan awal ditetapkan sebagai diukur pada nilai wajar melalui laporan laba rugi; • those that the Company intends to sell immediately or in the short term, which are classified as held for trading, and those that the entity upon initial recognition designates as of fair value through profit or loss; • yang pada saat pengakuan awal ditetapkan oleh Perusahaan dalam kelompok tersedia untuk dijual; dan • those that the Company upon initial recognition designates as available for sale; and • dalam hal Perusahaan mungkin tidak akan memperoleh kembali investasi awal secara substansial, kecuali disebabkan oleh penurunan kualitas pinjaman yang diberikan dan piutang. • those for which the Company may not recover substantially all of its initial investment, other than because of loans and receivables deterioration. 14 360 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  361. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) c. ACCOUNTING Financial instruments (continued) Aset keuangan (lanjutan) Financial assets (continued) (iv) Pinjaman yang diberikan dan piutang: (lanjutan) (iv) Loans and receivables: (continued) Pada saat pengakuan awal, pinjaman yang diberikan dan piutang diakui pada nilai wajarnya ditambah biaya transaksi (jika ada) dan selanjutnya diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif. Pendapatan bunga dari aset keuangan yang diklasifikasi sebagai pinjaman yang diberikan dan piutang dicatat di dalam akun “Pendapatan investasi - neto”. Dalam hal terjadi penurunan nilai, kerugian penurunan nilai dilaporkan sebagai pengurang dari nilai tercatat dari aset keuangan dalam kelompok pinjaman yang diberikan dan piutang, dan diakui di dalam laporan posisi keuangan konsolidasian sebagai “Cadangan kerugian penurunan nilai”. Loans and receivables are initially recognized at fair value plus transaction costs (if any) and subsequently measured at amortized cost using the effective interest rate method. Interest income on financial assets classified as loans and receivables is included in the “Investment income - net”. In case of impairment, the impairment of loss is reported as a deduction from the carrying value of the financial assets classified as loans and receivables and recognized in the consolidated statement of financial position as “Allowance for impairment loss”. Perusahaan menentukan klasifikasi investasi pada surat berharga, khususnya sukuk, berdasarkan model usaha yang ditentukan berdasarkan klasifikasi sesuai PSAK No. 110 (Revisi 2015) tentang “Akuntansi Sukuk" sebagai berikut: The Company defined the classification of Investment in marketable securities, specifically sukuk, based on business model in accordance with PSAK No. 110 (Revised 2015) on "Accounting for Sukuk" as follows: 1) Surat berharga diukur pada biaya perolehan disajikan sebesar biaya perolehan (termasuk biaya transaksi) yang disesuaikan dengan premi dan/atau diskonto yang belum diamortisasi. Premi dan diskonto diamortisasi selama periode hingga jatuh tempo. 1) At cost securities are stated at cost (including transaction costs), adjusted by unamortized premium and/or discount. Premium and discount are amortized over the period until maturity. 2) Surat berharga diukur pada nilai wajar melalui laba rugi, yang dinyatakan sebesar nilai wajar. Keuntungan atau kerugian yang belum direalisasi akibat kenaikan atau penurunan nilai wajarnya disajikan dalam laporan laba rugi tahun yang bersangkutan. 2) At fair value securities are stated at fair values through profit or loss. Unrealized gains or losses from the increase or decrease in fair values are presented in current year profit or loss. 3) Surat berharga yang diukur pada nilai wajar melalui penghasilan komprehensif lainnya. Surat berharga disajikan sebesar nilai wajar. Keuntungan atau kerugian yang belum direalisasi akibat kenaikan atau penurunan nilai wajarnya disajikan dalam penghasilan komprehensif lain. Premi dan diskonto diamortisasi selama periode hingga jatuh tempo. 3) At fair value through other comprehensive income securities are measured at fair value. Unrealized gains or losses from the increase or decrease in fair value are presented in other comprehensive income. Premium and discount are amortized over the period until maturity. 15 Annual Report 2017 | PT BNI Life Insurance 361
  362. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan (lanjutan) c. ACCOUNTING Financial instruments (continued) Liabilitas keuangan Financial liabilities Perusahaan mengklasifikasikan liabilitas keuangan dalam kategori liabilitas keuangan yang diukur dengan biaya perolehan diamortisasi. The Company classified its financial liabilities in the category of financial liabilities measured at amortized costs. Pada saat pengakuan awal, liabilitas keuangan yang diukur dengan biaya perolehan diamortisasi diukur pada nilai wajar dikurangi biaya transaksi (jika ada). Setelah pengakuan awal, Perusahaan mengukur seluruh liabilitas keuangan yang diukur dengan biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif. Financial liabilities at amortized cost are initially recognized at fair value less transactions costs (if any). After initial recognition, the Company measures all financial liabilities at amortized cost using effective interest rate method. Penghentian pengakuan Derecognition Penghentian pengakuan aset keuangan dilakukan ketika hak kontraktual atas arus kas yang berasal dari aset keuangan tersebut berakhir, atau ketika aset keuangan tersebut telah ditransfer dan secara substansial seluruh risiko dan manfaat atas kepemilikan aset tersebut telah ditransfer (jika secara substansial seluruh risiko dan manfaat tidak ditransfer, maka Perusahaan melakukan evaluasi untuk memastikan keterlibatan berkelanjutan atas kendali yang masih dimiliki tidak mencegah penghentian pengakuan). Liabilitas keuangan dihentikan pengakuannya ketika liabilitas telah dilepaskan atau dibatalkan atau kadaluwarsa. Financial assets are derecognized when the contractual rights to receive the cash flows from these assets have ceased to exist or the assets have been transferred and substantially all the risks and rewards of ownership of the assets are also transferred (that is, if substantially all the risks and rewards have not been transferred, the Company evaluates to ensure that continuing involvement on the basis of any retained powers of control does not prevent derecognition). Financial liabilities are derecognized when they have been redeemed or otherwise extinguished. Klasifikasi instrumen keuangan Financial instruments classification Perusahaan mengklasifikasikan instrumen keuangan ke dalam klasifikasi tertentu yang mencerminkan sifat dari informasi dan mempertimbangkan karakteristik dari instrumen keuangan tersebut. Klasifikasi dapat dilihat pada tabel berikut: The Company classifies the financial instruments into classes that reflects the nature of information and take into account the characteristic of those financial instruments. The classification can be seen in the table below: Kategori yang didefinisikan oleh PSAK No. 55 (revisi 2014)/ Category as defined by PSAK No. 55 (revised 2014) Aset keuangan/ Financial assets Aset keuangan yang diukur pada nilai wajar melalui laba rugi/Financial assets at fair value through profit or loss Aset keuangan yang dimiliki hingga jatuh tempo/ Held-to-maturity financial assets Golongan (ditentukan oleh Perusahaan)/ Class (as determined by the Company) PT BNI Life Insurance | Laporan Tahunan 2017 Sub-golongan/ Sub-classes Obligasi/Bonds Efek-efek/Marketable securities Saham/Shares Reksadana/Mutual funds Dana jaminan/Statutory funds Efek-efek/Marketable securities 16 362 SUMMARY OF SIGNIFICANT POLICIES (continued) Obligasi/Bonds
  363. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) c. ACCOUNTING Financial instruments (continued) Liabilitas keuangan (lanjutan) Financial liabilities (continued) Klasifikasi instrumen keuangan (lanjutan) Financial (continued) Kategori yang didefinisikan oleh PSAK No. 55 (revisi 2014)/ Category as defined by PSAK No. 55 (revised 2014) Aset keuangan yang tersedia untuk dijual/ Available-for-sale financial assets instruments Golongan (ditentukan oleh Perusahaan)/ Class (as determined by the Company) Efek-efek/Marketable securities classification Sub-golongan/ Sub-classes Obligasi/Bonds Penyertaan saham/Investment in shares Kas dan kas pada bank/Cash and cash in banks Piutang premi/Premium receivables Aset keuangan/ Financial assets Piutang hasil investasi/Investment income receivables Pinjaman yang diberikan dan piutang/Loans and receivables Piutang reasuransi/Reinsurance receivables Dana jaminan/Statutory funds Deposito berjangka/Time deposits Pinjaman pemegang polis/Loan to policyholders Piutang lain-lain/Other receivables Utang klaim/Claim payables Utang reasuransi/Reinsurance payables Liabilitas keuangan/ Financial liabilities Liabilitas keuangan yang diukur dengan biaya perolehan diamortisasi/Financial liabilities at amortized cost Utang komisi/Commission payables Titipan premi/Premium deposits Utang lain-lain/Other payables Akrual/Accrued expenses Utang sewa pembiayaan/Obligations under finance lease Saling hapus instrumen keuangan Offsetting financial instruments Aset dan liabilitas keuangan saling hapus buku dan nilai bersihnya dilaporkan dalam laporan posisi keuangan konsolidasian jika memiliki hak yang berkekuatan hukum untuk melakukan saling hapus atas total yang telah diakui tersebut dan berintensi untuk menyelesaikan secara neto atau untuk merealisasikan aset dan menyelesaikan liabilitasnya secara bersamaan. Financial assets and liabilities are offset and the net amount reported in the consolidated statement of financial position when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Hak yang berkekuatan hukum harus tidak bersifat kontinjen atas peristiwa di masa depan dan harus dapat dipaksakan dalam situasi bisnis yang normal dan dalam peristiwa gagal bayar, peristiwa kepailitan atau kebangkrutan Perusahaan atau counterparty. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the counterparty. 17 Annual Report 2017 | PT BNI Life Insurance 363
  364. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Instrumen keuangan (lanjutan) c. Financial instruments (continued) Penurunan nilai aset keuangan Impairment of financial assets Pada setiap tanggal pelaporan keuangan, Perusahaan mengevaluasi apakah terdapat bukti yang obyektif bahwa aset keuangan atau kelompok aset keuangan mengalami penurunan nilai. Aset keuangan atau kelompok aset keuangan diturunkan nilainya dan kerugian penurunan nilai telah terjadi, jika dan hanya jika, terdapat bukti yang obyektif mengenai penurunan nilai tersebut sebagai akibat dari satu atau lebih peristiwa yang terjadi setelah pengakuan awal aset tersebut (peristiwa yang merugikan), dan peristiwa yang merugikan tersebut berdampak pada estimasi arus kas masa depan atas aset keuangan atau kelompok aset keuangan yang dapat diestimasi secara andal. Each reporting date, the Company assesses whether there is objective evidence that a financial asset or group of financial assets is impaired. A financial asset or a group of financial assets is impaired and impairment loss are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset (loss event) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated. Pengukuran nilai wajar Fair value measurement Nilai wajar adalah harga yang akan diterima untuk menjual suatu aset atau harga yang akan dibayar untuk mengalihkan suatu liabilitas dalam transaksi teratur antara pelaku pasar pada tanggal pengukuran di pasar utama atau, jika tidak terdapat pasar utama, di pasar yang paling menguntungkan dimana Perusahaan memiliki akses pada tanggal tersebut. Nilai wajar liabilitas mencerminkan risiko wanprestasinya. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal market or, in its absence, the most advantageous market to which the Company has access at the date. The fair value of a liability reflects its nonperformance risk. Jika tersedia, Perusahaan mengukur nilai wajar instrumen keuangan dengan menggunakan harga kuotasian di pasar aktif untuk instrumen tersebut. When available, the Company measures the fair value of a financial instrument using the quoted price in an active market for that instrument. Nilai wajar untuk instrumen keuangan yang diperdagangkan di pasar yang aktif ditentukan berdasarkan nilai pasar yang berlaku pada tanggal laporan posisi keuangan konsolidasian, yaitu menggunakan harga yang berasal dari sumber terpercaya dan dipublikasikan secara rutin, seperti quoted market price, broker’s quoted price dari Bloomberg, KSEI, dan Reuters. Fair value of financial instruments traded in active markets are determined based on quoted market price at the consolidated statement of financial position date, by using prices from credible sources which are published regularly. This includes quoted market price, broker’s quoted price from Bloomberg, KSEI and Reuters. Instrumen keuangan dianggap memiliki kuotasi pasar aktif, jika harga kuotasi tersedia sewaktuwaktu dan dapat diperoleh secara rutin dari bursa, pedagang efek (dealer), perantara efek (broker), kelompok industri, badan pengawas A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent 18 364 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  365. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) c. YANG 2. Instrumen keuangan (lanjutan) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) c. Financial instruments (continued) Pengukuran nilai wajar (lanjutan) Fair value measurement (continued) (pricing service or regulatory agency), dan harga tersebut mencerminkan transaksi pasar yang aktual dan rutin dalam suatu transaksi yang wajar. Jika kriteria di atas tidak terpenuhi, maka pasar aktif dinyatakan tidak tersedia. Indikasi-indikasi dari pasar tidak aktif adalah terdapat selisih yang besar antara harga penawaran dan permintaan atau kenaikan signifikan dalam selisih harga penawaran dan permintaan dan hanya terdapat beberapa transaksi terkini. actual and regularly occurring market transactions on an arm’s length basis. If the above criteria are not met, the market is regarded as being inactive. Indications that a market is inactive are when there is a wide bidoffer spread or significant increase in the bidoffer spread and there are few recent transactions. Semua aset dan liabilitas dimana nilai wajar diukur atau diungkapkan dalam laporan keuangan konsolidasian dapat dikategorikan pada level hirarki nilai wajar, berdasarkan tingkatan input terendah yang signifikan atas pengukuran nilai wajar secara keseluruhan: All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: - - d. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) Tingkat 1 - nilai wajar berdasarkan harga kuotasian (tidak disesuaikan) dalam pasar aktif; Tingkat 2 - nilai wajar yang menggunakan input selain harga kuotasian yang termasuk dalam Tingkat 1 yang dapat diobservasi, baik secara langsung (misalnya harga) atau secara tidak langsung (misalnya diperoleh dari harga); dan Tingkat 3 - nilai wajar yang menggunakan input yang bukan berdasarkan data pasar yang dapat diobservasi (input yang tidak dapat diobservasi). Transaksi dengan pihak berelasi d. - Level 1 - the fair value is based on quoted prices (unadjusted) in active markets; - Level 2 - the fair value uses inputs other than quoted prices included within Level 1 that are observable, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and - Level 3 - the fair value uses inputs that are not based on observable market data (unobservable inputs). Transactions with related parties Perusahaan melakukan transaksi dengan pihak-pihak berelasi sebagaimana didefinisikan dalam PSAK No. 7 mengenai “Pengungkapan Pihak-pihak Berelasi”. The Company enters into transactions with related parties as defined in PSAK No. 7 “Related Party Disclosures”. Seluruh transaksi dan saldo yang material dengan pihak-pihak berelasi diungkapkan dalam catatan atas laporan keuangan konsolidasian. All significant transactions and balances with related parties are disclosed in the notes to the consolidated financial statements. Pihak berelasi adalah orang atau entitas yang terkait dengan entitas yang menyiapkan laporan keuangannya (entitas pelapor). Yang termasuk pihak berelasi adalah sebagai berikut: A related party is a person or entity that is related to the entity that is preparing its financial statements (reporting entity). The related parties are as follows: 19 Annual Report 2017 | PT BNI Life Insurance 365
  366. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) d. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Transaksi dengan pihak berelasi (lanjutan) d. b. c. 2. Memiliki pengendalian atau pengendalian bersama atas entitas pelapor; Memiliki pengaruh signifikan atas entitas pelapor; atau Merupakan personil manajemen kunci entitas pelapor atau entitas induk pelapor. 2. b. c. d. e. f. g. 366 PT BNI Life Insurance | Laporan Tahunan 2017 parties Has control or joint control of the reporting entity; b. Has significant influence over the reporting entity; or Is a member of the key management personnel of the reporting entity or of a parent of the reporting entity. An entity is related to a reporting entity if any of the following condition applies: b. c. d. 20 related a. a. Entitas dan entitas pelapor adalah anggota dari kelompok usaha yang sama (artinya entitas induk, entitas anak dan entitas anak berikutnya terkait dengan entitas lain); Suatu entitas adalah entitas asosiasi atau ventura bersama dari entitas lain (atau entitas asosiasi atau ventura bersama yang merupakan anggota suatu kelompok usaha, yang mana entitas lain adalah anggotanya); Kedua entitas tersebut adalah ventura bersama dari pihak ketiga yang sama; Suatu entitas adalah ventura bersama dari entitas ketiga dan entitas yang lain adalah entitas asosiasi dari entitas ketiga; Entitas tersebut adalah sebuah program imbalan pasca kerja untuk imbalan kerja dari salah satu entitas pelapor atau entitas yang terkait dengan entitas pelapor; Entitas yang dikendalikan atau dikendalikan bersama oleh orang yang diidentifikasi sebagaimana dimaksud dalam angka 1; atau Orang yang diidentifikasi sebagaimana dimaksud dalam angka 1) huruf a) memiliki pengaruh signifikan atas entitas atau merupakan manajemen kunci entitas (atau entitas induk dari entitas). with A person or a close member of that person’s family is related to a reporting entity if that person: c. Suatu entitas berelasi dengan entitas pelapor jika memenuhi salah satu hal sebagai berikut: a. Transactions (continued) 1. 1. Orang atau anggota keluarga terdekat mempunyai relasi dengan entitas pelapor jika orang tersebut: a. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the other entity); One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member); Both entities are joint ventures of the same third party; One entity is a joint venture of a third party and the other entity is an associate of the third entity; e. The entity is a post-employment benefit plan for the benefit employees of either the reporting entity or an entity related to the reporting entity; f. The entity is controlled or jointly controlled by a person identified in (1); or g. A person identified in (1) (a) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).
  367. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) e. f. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Transaksi dan saldo dalam mata uang asing SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) e. Transaksi dalam mata uang asing dicatat berdasarkan kurs yang berlaku pada saat transaksi dilakukan. Pada setiap akhir periode pelaporan, aset dan liabilitas moneter dalam mata uang asing dijabarkan ke dalam Rupiah berdasarkan kurs tengah uang kertas asing yang diterbitkan Bank Indonesia. Keuntungan atau kerugian kurs yang terjadi dikreditkan atau dibebankan pada usaha tahun berjalan. Transactions involving foreign currencies are recorded at the rates prevailing at the time the transactions are made. At each end of reporting period, monetary assets and liabilities denominated in foreign currency are adjusted to Rupiah using the middle rates of foreign currency bank notes published by Bank Indonesia. Any resulting gain or loss are credited or charged to current operations. Kurs yang digunakan adalah Rp13.548 untuk US$1 pada tahun 2017 dan Rp13.436 untuk US$1 pada tahun 2016. The rates of exchange used are Rp13,548 to US$1 in 2017 and Rp Rp13,436 to US$1 in 2016. Beban dibayar di muka f. Prepaid expenses Prepaid expenses are amortized over their beneficial periods using the straight-line method. Beban dibayar di muka diamortisasi selama masa manfaat dengan menggunakan metode garis lurus. g. Foreign currency transactions and balances Penyertaan saham g. Investments in shares Penyertaan saham merupakan penanaman dana dalam bentuk saham pada perusahaan non-publik yang bergerak di bidang jasa keuangan untuk tujuan jangka panjang. Equity investments represent investments in the form of shares of stock, in non-public companies engaged in financial services held for long-term purposes. Investasi dalam saham yang diklasifikasikan sebagai aset keuangan tersedia untuk dijual dicatat sebesar biaya perolehan setelah pengakuan awalnya karena terdiri dari efek ekuitas tanpa harga kuotasi yang nilai wajarnya tidak dapat diukur secara andal, kecuali untuk investasi dalam saham tertentu yang memiliki harga kuotasi dicatat sebesar nilai wajar setelah pengakuan awalnya. Investments in shares classified as available for sale financial asset is carried at cost after it’s initial recognition as its consist unquoted equity securities whose fair value cannot be reliably measured, except for certain investment in shares that has quote price which accounted for at fair value after initial recognition. Investasi dengan persentase kepemilikan dibawah 20% dan tidak memiliki pengaruh yang signifikan dicatat dengan metode biaya dikurangi dengan cadangan kerugian penurunan nilai. Investments with an ownership interest below 20% and have no significant influence are carried at cost reduced by an allowance for impairment losses. Penyertaan saham dengan metode biaya terdiri dari efek ekuitas tanpa harga kuotasi yang nilai wajarnya tidak dapat diukur secara handal, diklasifikasikan sebagai investasi tersedia untuk dijual dan diukur dengan menggunakan biaya perolehan dikurangi dengan penurunan nilai. Equity investments at cost method consist of unquoted equity shares whose fair value can not be reliably measured, are classified as available-for-sale investments and are carried at cost less impairment. 21 Annual Report 2017 | PT BNI Life Insurance 367
  368. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) h. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Aset tetap SUMMARY OF SIGNIFICANT POLICIES (continued) h. ACCOUNTING Fixed assets Tanah dan bangunan disajikan sebesar nilai wajar, dikurangi akumulasi penyusutan untuk bangunan. Penilaian terhadap tanah dan bangunan dilakukan oleh penilai independen eksternal yang telah memiliki sertifikasi. Penilaian atas aset tersebut dilakukan secara berkala untuk memastikan bahwa nilai wajar aset yang direvaluasi tidak berbeda secara material dengan nilai tercatatnya. Akumulasi penyusutan pada tanggal revaluasi dieliminasi terhadap nilai tercatat bruto aset dan nilai netonya disajikan kembali sebesar nilai revaluasian aset tetap. Land and buildings are presented at fair value, less subsequent depreciation for buildings. Valuation of land and buildings are performed by external independent appraiser with certain qualification. Valuations are performed with sufficient regularity to ensure that the fair value of a revalued asset does not differ materially from its carrying amount. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Kenaikan nilai tercatat yang timbul dari revaluasi tanah dan bangunan dicatat sebagai “Cadangan revaluasi aset” dan disajikan sebagai “Penghasilan komprehensif lain”. Penurunan nilai tercatat yang timbul dari revaluasi dicatat sebagai beban pada tahun berjalan. Apabila aset tersebut memilki saldo “Keuntungan revaluasi aset tetap” yang disajikan sebagai “Penghasilan komprehensif lain”, maka selisih penurunan nilai tercatat tersebut dibebankan terhadap “Keuntungan revaluasi aset tetap” dan sisanya diakui sebagai beban tahun berjalan. Increases in the carrying amount arising on revaluation of land and bulidings recorded in “Asset revaluation reserve” and presented as “Other comprehensive income”. Decreases in carrying amount as the result of revaluation is recorded as expenses in the current year. If the asset does have balance on its “Gain on revaluation of fixed assets”, which presented as “Other comprehensive income”, any loss from revaluation of fixed asset is charged to “Gain on revaluation of fixed assets” and the remaining of the amount is charged to current year’s expenses. Aset tetap selain tanah dan bangunan disajikan sebesar harga perolehan dikurangi dengan akumulasi penyusutan. Fixed assets besides land and buildings are stated at cost less accumulated depreciation. Beban akuisisi meliputi semua biaya yang dapat diatribusikan secara langsung untuk perolehan aset tersebut. Kecuali tanah, disusutkan berdasarkan metode garis lurus selama estimasi masa manfaat aset ekonomis dari aset tetap tersebut sebagai berikut: Acquisition cost covers expenditures that is directly attributable to the acquisitions of the assets. Except land, are depreciated using straight-line method over their expected useful lives as follows: Tahun/Years Bangunan Kendaraan Perabot kantor Peralatan kantor Perlengkapan kantor Semua biaya yang terjadi sehubungan dengan perolehan hak atas tanah, diakui sebagai biaya perolehan hak atas tanah. Biaya pengurusan legal hak atas tanah ketika tanah diperoleh pertama kali diakui sebagai bagian dari biaya perolehan aset tanah. Biaya pengurusan perpanjangan atau pembaruan legal hak atas tanah diakui sebagai aset tak berwujud dan diamortisasi sepanjang umur hak atau umur ekonomis tanah, mana yang lebih pendek. 368 PT BNI Life Insurance | Laporan Tahunan 2017 20 5-8 5 4 4-5 22 Buildings Vehicles Office furniture and fixtures Office equipments Office supplies All costs incurred in connection with the acquisition of land right are recognized as the acquisition cost of landright. The legal cost incurred when the land was first acquired is recognized as part of the acquisition cost of landright. Extension or renewal of the maintenance cost of legal rights over land is recognized as an intangible asset and amortized over the life of legal rights or economic life of the land, whichever is shorter.
  369. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) h. i. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Aset tetap (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) h. ACCOUNTING Fixed assets (continued) Biaya perbaikan dan pemeliharaan dibebankan ke laba rugi di periode yang sama pada saat terjadinya. Pengeluaran yang memperpanjang masa manfaat aset atau manfaat ekonomis aset akan dikapitalisasi dan disusutkan. Repair and maintenance expenses are charged to profit or loss during the financial period in which they are incurred. Expenditure which extends the useful lives of the assets or provides further economic benefits are capitalized and depreciated. Hak atas tanah tidak disusutkan kecuali terdapat bukti sebaliknya yang mengindikasikan bahwa perpanjangan atau pembaruan hak atas tanah kemungkinan besar atau pasti tidak diperoleh. Land right is not depreciated unless there is contrary evidence indicating that the extension or renewal of landright is likely or definitely not obtainable. Total tercatat aset tetap dihentikan pengakuannya pada saat dilepaskan atau saat tidak ada manfaat ekonomis masa depan yang diharapkan dari penggunaan atau pelepasannya. An item of fixed asset is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Keuntungan atau kerugian yang timbul dari penghentian pengakuan aset (dihitung sebagai perbedaan antara total neto hasil pelepasan dan total tercatat dari aset) dimasukkan dalam laba atau rugi pada tahun aset tersebut dihentikan pengakuannya. Any gain or loss arising from derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the year of the asset is derecognized. Pada setiap akhir tahun buku, nilai residu, umur manfaat dan metode penyusutan ditelaah, dan jika sesuai dengan keadaan, disesuaikan secara prospektif. The asset’s residual values, useful lives and methods of depreciation are reviewed, and adjusted prospectively, if appropriate, at each financial year end. Aset dalam penyelesaian dinyatakan sebesar biaya perolehan dan akan dipindahkan ke masing-masing aset tetap yang bersangkutan pada saat selesai dan siap digunakan. Construction in progress is stated at cost and transferred to the respective fixed assets account when completed and ready for use. Aset tak berwujud i. Intangible assets Aset tak berwujud dinyatakan sebesar biaya perolehan dikurangi akumulasi amortisasi dan rugi penurunan nilai. Amortisasi dihitung dengan menggunakan metode garis lurus berdasarkan estimasi masa manfaat ekonomis aset yaitu 5 tahun. Intangible assets are stated at cost less accumulated amortization and impairment loss. Amortization is computed using the straight-line method over the estimated useful lives of the assets of 5 years. Perusahaan mengakui rugi penurunan nilai aset tak berwujud apabila estimasi total yang dapat diperoleh kembali dari suatu aset tak berwujud lebih rendah dari nilai tercatatnya. The Company recognizes loss on impairment value in intangible asset when the estimated recoverable amount of an intangible asset is lower than its carrying amount. 23 Annual Report 2017 | PT BNI Life Insurance 369
  370. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) i. j. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Aset tak berwujud (lanjutan) i. ACCOUNTING Intangible assets (continued) Pada tanggal laporan posisi keuangan konsolidasian, Perusahaan melakukan penelaahan untuk menentukan apakah terdapat kejadian atau perubahan keadaan yang mengindikasikan bahwa nilai tercatat aset tak berwujud tidak dapat dipulihkan. Penurunan atau pemulihan nilai aset tak berwujud diakui sebagai laba atau rugi dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian tahun berjalan. As at the date of consolidated statement of financial position date, the Company determines whether there are events or changes in circumstances which indicate that the carrying amount of intangible assets may not be recoverable. The impairment or recovery of impairment value in intangible asset is recognized as profit or loss in the consolidated statement of profit or loss and other comprehensive income for the year. Keuntungan atau kerugian yang timbul dari penghentian pengakuan suatu aset tak berwujud diukur sebagai perbedaan antara hasil pelepasan neto dan nilai tercatat neto aset, dan diakui dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian saat aset dihentikan pengakuannya. Gain or loss arising from derecognition of an intangible asset is measured as the difference between the net disposal proceeds and the net carrying amount of the asset, and is recognized in the consolidated statement of profit or loss and other comprehensive income when the asset is derecognized. Aset tak berwujud disajikan sebagai bagian dari “Aset lain-lain - neto” pada laporan posisi keuangan konsolidasian. Intangible assets are presented as part of “Other assets - net” in the consolidated statement of financial position. Akuntansi transaksi syariah j. Accounting for sharia transactions Efektif 1 Januari 2017, Perusahaan menerapkan PSAK No. 101 (Revisi 2016), “Penyajian Laporan Keuangan Syariah” dan PSAK No. 108 (Revisi 2016), “Akuntansi Transaksi Asuransi Syariah”. Effective January 1, 2017, the Company adopted the PSAK No. 101 (Revised 2016), “Presentation of Sharia Financial Statements” and PSAK No. 108 (Revised 2016), “Accounting for Sharia Insurance Transactions”. PSAK No. 101 (Revisi 2016) mengatur perubahan nama beberapa komponen laporan keuangan syariah menjadi yaitu laporan surplus defisit dana tabarru’, laporan laba rugi dan penghasilan komprehensif lain serta laporan sumber dan penyaluran dana zakat. PSAK revisi ini juga meniadakan salah satu komponen laporan keuangan syariah yang diatur dalam PSAK sebelumnya yaitu laporan perubahan dana tabarru’. PSAK No. 101 (Revised 2016) regulates the changes of several name in the sharia financial statements’ component become statement of surplus deficit of tabarru’ fund, profit or loss and other comprehensive income, and sources and distribution of zakat fund. This revised PSAK also deleted one of the sharia financial statements’ component, which required in the previous PSAK, which is statement of changes in tabarru’ fund. Penerapan atas PSAK No. 101 (Revisi 2016) ini tidak memberikan dampak yang signifikan terhadap laporan keuangan konsolidasian. The adoption on this PSAK No. 101 (Revised 2016) has no significant impact to the consolidated financial statements. PSAK No. 108 (Revisi 2016) mengatur beberapa hal yang tidak diatur dalam PSAK sebelumnya, yaitu: PSAK No. 108 (Revised 2016) regulates several items that are not regulated in the previous PSAK, as follows: i. Pengakuan kontribusi berdasarkan akad asuransi jangka pendek dan jangka panjang. i. 24 370 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017 Recognition of contribution based on short term and long term insurance contract.
  371. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) j. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Akuntansi transaksi syariah (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) j. Accounting (continued) for sharia ACCOUNTING transactions ii. Future policy benefits, is total provision provided to meet the estimated claims in the future. This provision is provided for long-term sharia insurance contract. ii. Manfaat polis masa depan, yaitu jumlah penyisihan untuk memenuhi estimasi klaim yang timbul pada periode mendatang. Penyisihan ini untuk akad asuransi syariah jangka panjang. iii. Dana investasi wakalah yang telah diinvestasikan dicatat secara on balance sheet. iv. Pendapatan ujrah dan biaya akuisisi diakui secara garis lurus selama masa akad asuransi syariah. v. Tes kecukupan dilakukan terhadap penyisihan teknis yang dibentuk dengan menggunakan estimasi nilai atas arus kas masa depan berdasarkan akad asuransi syariah. Ketika terjadi kekurangan maka kekurangan, tersebut diakui sebagai beban pada dana tabarru’. iii. Invested wakalah investment recorded on balance sheet. fund is iv. Ujrah income and acquisition cost are recognized using straight line method over insurance sharia contract period. v. Liability adequacy test are performed for technical reserves using estimated present value of future cash flows based on sharia insurance contract. When deficiency occurred, such deficiency is recognized as expenses in tabarru’ fund. Penerapan atas PSAK No. 108 (Revisi 2016) diterapkan secara prospektif atas akad asuransi syariah yang ada pada awal penerapan revisi PSAK ini, dengan ketentuan sebagai berikut: The adoption on this PSAK No. 108 (Revised 2016) is applied prospectively for the existing sharia insurance contract on the initial adoption of this revised PSAK, with the following conditions: i. Saldo dana investasi peserta yang menggunakan akad wakalah disajikan di dana peserta secara komparatif sejak awal periode sajian. ii. Dampak perubahan pengaturan tersebut terhadap dana tabarru’ diakui di saldo dana tabarru’ awal periode penerapan revisi PSAK ini. iii. Dampak perubahan pengaturan tersebut terhadap entitas pengelola diakui di saldo laba awal periode penerapan revisi PSAK ini. i. Investment participants’ fund which using wakalah contract is presented comparatively in participants’ fund since first presentation period. ii. The impact of the adoption on this revised PSAK is recognized in the tabarru’ fund since the first adoption period of this revised PSAK. iii. The impact of the adoption on this revised PSAK to the management entity is recognized in the initial retained earnings since the first adoption period of this revised PSAK. Sebelum 1 Januari 2017, penyisihan teknis untuk asuransi syariah hanya terdiri atas kontribusi yang belum menjadi hak (unearned contribution), klaim yang masih dalam proses (outstanding claims) dan klaim yang terjadi tetapi belum dilaporkan (incurred but not reported claims). Selain itu, dana investasi wakalah yang telah diinvestasikan dicatat secara off balance sheet dan pendapatan ujrah diakui pada saat diperoleh oleh Perusahaan. Prior to January 1, 2017, the insurance sharia’s technical provision only consist of unearned contribution, outstanding claims and incurred but not reported claims. Besides, invested wakalah investment fund is recorded off balance sheet and ujrah income is recognized as earned by the Company. 25 Annual Report 2017 | PT BNI Life Insurance 371
  372. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) j. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Akuntansi transaksi syariah (lanjutan) j. Accounting (continued) for sharia ACCOUNTING transactions Setelah 1 Januari 2017, penyisihan teknis untuk asuransi syariah terdiri atas liabilitas manfaat polis masa depan, klaim yang masih dalam proses (outstanding claims) dan klaim yang terjadi tetapi belum dilaporkan (incurred but not reported claims). Selain itu, dana investasi wakalah yang telah diinvestasikan dicatat secara on balance sheet di tahun 2017 dan tidak menyajikan komparatif di tahun 2016 karena dampaknya tidak material. Pendapatan ujrah dan beban akuisisi terkait diamortisasi dengan menggunakan metode garis lurus selama masa akad asuransi syariah. After January 1, 2017, the insurance sharia’s technical provision consist of liabilities for future policy benefits, outstanding claims and incurred but not reported claims. Besides, invested wakalah investment fund is recorded on balance sheet in 2017 and not presented comparatively in 2016 due to the impact is not material. Ujrah income and related acquisition cost is amortized using straight line method over insurance sharia contract period. Dana peserta merupakan seluruh dana milik peserta berupa dana tabarru’ dan dana investasi. Participants’ fund represent all funds that consist of investment fund and tabarru’ fund. Dana tabarru’ merupakan cadangan yang dibentuk dari donasi, hasil investasi dan akumulasi cadangan surplus underwriting dana tabarru’ yang didistribusikan kembali ke dana tabarru’. Seluruh hasil investasi dari dana tabarru’ didistribusikan kembali sebagai penambah dana tabarru’, atau sebagian hasil investasi didistribusikan kembali ke dana tabarru’, dan sisanya didistribusikan kepada Perusahaan sesuai dengan akad yang disepakati. Tabarru’ fund represents reserves held from donation, investment income and accumulated underwriting surplus tabarru’ fund that were redistributed to tabarru’ fund. All investment income from tabarru’ fund are redistributed as additions to tabarru’ fund or part of investment income are redistributed to tabarru’ fund and the remaining are distributed to the Company based the agreement (“akad”). Porsi investasi dari kontribusi peserta diakui sebagai dana investasi mudharabah apabila menggunakan akad mudharabah, dana investasi mudharabah musyarakah apabila menggunakan akad mudharabah musyarakah dan dana investasi wakalah apabila menggunakan akad wakalah The investment portion of the participant’s contribution is recognized as a mudharabah invesment funds if the akad use mudharabah , a mudharabah musyarakah invesment funds if the akad use mudharabah musyarakah and wakalah invesment funds if the akad use wakalah. Dana investasi peserta dan dana tabarru’ disajikan sebagai dana peserta yang terpisah dari liabilitas dan ekuitas dalam laporan posisi keuangan konsolidasian. Participant’s invesment fund and tabarru’ fund are presented as participants’ fund and separated from liabilities and equity in the consolidated statement of financial position. Aset dan liabilitas yang berasal dari transaksi syariah termasuk di dalam laporan posisi keuangan konsolidasian Perusahaan, dimana pendapatan underwriting syariah dan beban asuransi dikeluarkan dari laporan laba rugi dan penghasilan komprehensif lain konsolidasian, dan akumulasi surplus underwriting dari operasional syariah tercermin di dalam laporan posisi keuangan konsolidasian Perusahaan sebagai “Dana Peserta - Dana Tabarru’”. Assets and liabilities culminating from sharia transactions are included in the Company’s consolidated statement of financial position, whereas sharia underwriting income and insurance expenses are excluded from the consolidated statement of profit or loss and other comprehensive income, and the accumulated underwriting surplus of sharia operations is reflected in the Company’s consolidated statement of financial position as “Participants’ Fund - Tabarru’ Fund”. 26 372 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  373. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) j. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Akuntansi transaksi syariah (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) j. Ujrah adalah imbalan atau kompensasi yang diterima oleh Perusahaan dari pengelolaan asuransi syariah dan dicatat sebagai pendapatan fee dari asuransi syariah (ujrah). k. l. Accounting (continued) for sharia ACCOUNTING transactions Ujrah is the Company’s rewards or compensation for managing the sharia insurance and recorded as fee income from sharia insurance (ujrah). Klasifikasi produk - kontrak asuransi dan investasi k. Product classification - insurance and investment contracts Perusahaan melakukan penilaian terhadap signifikansi risiko asuransi pada saat penerbitan kontrak. Penilaian dilakukan dengan basis per kontrak, kecuali untuk sejumlah kecil kontrak yang relatif homogen penilaian dilakukan secara agregat pada tingkat produk. The Company assessed the significance of insurance risk at inception date for all contracts issued. The assessment is done on a contract by contract basis except for relatively homogeneous book of small contracts wherein the assessment is done on an aggregate product level. Kontrak asuransi adalah kontrak ketika Perusahaan (asuradur) telah menerima risiko asuransi signifikan dari pihak lain (pemegang polis) dengan menyetujui untuk mengkompensasi pemegang polis jika kejadian masa depan yang tidak pasti (kejadian yang diasuransikan) merugikan mempengaruhi pemegang polis. Insurance contracts are those contracts when the Company (the insurer) has accepted significant insurance risk from another party (the policyholders) by agreeing to compensate the policyholders if a specified uncertain future event (the insured event) adversely affects the policyholders. Kontrak asuransi l. Insurance contract Kontrak asuransi adalah kontrak yang diterbitkan oleh perusahaan asuransi dimana pada saat penerbitan polis perusahaan asuransi menerima risiko asuransi yang signifikan dari pemegang polis. Insurance contract is contract issued by insurance company which accepts significant insurance risk from policyholder upon the issuance of the policy. Risiko asuransi yang signifikan adalah kemungkinan untuk membayar manfaat secara signifikan kepada pemegang polis apabila suatu kejadian yang diasuransikan terjadi dibandingkan dengan manfaat minimum yang apabila risiko yang akan dibayarkan diasuransikan tidak terjadi. Skenario-skenario yang diperhatikan adalah skenario yang mengandung unsur komersial. Significant insurance risk is the possibility of paying significantly more benefit to the policyholder upon the occurrence of insured event compared to the minimum benefit payable in a scenario where the insured event does not occur. Scenarios considered are those with commercial substance. Perusahaan menerbitkan kontrak asuransi untuk produk asuransi tradisional dan produk asuransi yang dikaitkan dengan investasi. Kedua jenis produk ini mempunyai risiko asuransi yang signifikan. The Company issues insurance contracts for traditional insurance product and investmentlinked insurance product. Both of these products have significant insurance risk. Produk-produk dari Perusahaan dibagi berdasarkan kategori utama sebagai berikut: The Company’s products may be divided into the following main categories: 27 Annual Report 2017 | PT BNI Life Insurance 373
  374. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) l. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Kontrak asuransi (lanjutan) Tipe polis/Policy type 1) Produk tradisional/ Traditional products 2) Produk asuransi yang dikaitkan dengan investasi/ Investment-linked insurance products Produk asuransi unit link/ Unit-linked insurance products l. ACCOUNTING Insurance contract (continued) Deskripsi manfaat/Description of benefits Produk yang memberikan perlindungan untuk menutupi risiko kematian, kecelakaan, penyakit kritis, dan kesehatan dari pemegang polis. Total uang pertanggungan akan dibayarkan pada saat terjadinya risiko yang ditanggung/ Products which provide protection to cover the risk of death, accident, critical illness, and health of the insured. The basic sum insured will be paid upon the occurance of the risks covered. Produk yang memberikan manfaat untuk risiko kematian dari uang pertanggungan dan akumulasi nilai tunai yang berasal dari pengembangan premi yang dibayar/ Products which provide benefit to cover the risk of death from sum insured and accumulated cash value from investment yield from paid premium. Nilai dana investasi akan dihitung berdasarkan tingkat pengembalian investasi yang diterima dari aset dasar tergantung dari tipe fund yang dipilih oleh pemegang polis/ The investment fund value will be measured based on the yield of return from the underlying assets depend on the fund type which is chosen by the policyholders. Perusahaan memisahkan komponen deposit dari kontrak unit link seperti yang disyaratkan oleh PSAK No. 62 hanya jika kondisi-kondisi dibawah ini terpenuhi: The Company unbundles the deposit component of unit-linked contract as required by PSAK No. 62 only when both of the following conditions are met: - Perusahaan dapat mengukur komponen “deposit” secara terpisah (termasuk opsi penyerahan melekat, yaitu tanpa memperhitungkan komponen “asuransi”); dan - The Company can measure separately the “deposit” component (including any embedded surrender option, i.e. without taking into account the “insurance” component); and - Kebijakan akuntansi Perusahaan tidak mensyaratkan untuk mengakui semua hak dan kewajiban yang timbul dari komponen “deposit”. - The Company’s accounting policies do not otherwise require to recognize all obligations and rights arising from the “deposit” component. Karena hanya kondisi pertama di atas yang terpenuhi, maka Perusahaan tidak memisahkan komponen deposit dari kontrak unit link. Since only the first condition above is met, therefore the Company does not unbundle the deposit component of unit-linked contract. Pengujian kecukupan liabilitas (LAT) Liability adequacy test (LAT) PSAK No. 62, ‘’Kontrak Asuransi’’ mengharuskan setiap akhir periode pelaporan, Perusahaan menilai apakah liabilitas manfaat polis masa depan, premi yang belum merupakan pendapatan dan estimasi klaim yang diakui dalam laporan posisi keuangan konsolidasian telah mencukupi, dengan membandingkan total tercatat tersebut dengan estimasi arus kas masa depan sesuai dengan kontrak asuransi. PSAK No. 62, ‘’Insurance Contracts’’ requires that at each end of reporting period, the Company evaluates whether the liabilities for future policy benefits, unearned premium and estimated claims as recognized in the consolidated statement of financial position have been adequately recognized by comparing the carrying amount with the estimated future cash flow in accordance with the insurance contracts. 28 374 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  375. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) l. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Kontrak asuransi (lanjutan) Pengujian (lanjutan) kecukupan liabilitas SUMMARY OF SIGNIFICANT POLICIES (continued) l. (LAT) ACCOUNTING Insurance contract (continued) Liability adequacy test (LAT) (continued) Jika perbandingan tersebut menunjukkan bahwa nilai tercatat atas liabilitas kontrak asuransi (dikurangi dengan biaya akuisisi tangguhan dan aset tak berwujud terkait) lebih rendah dibandingkan dengan estimasi nilai kini atas arus kas masa depan, maka kekurangan tersebut diakui dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. If the valuation indicates that the carrying value of insurance contract liabilities (net of deferred acquisition costs and relevant intangible assets) is lower compared to the estimated present value of future cash flows, then such deficiency is recognized in the consolidated statement of profit or loss and other comprehensive income. Untuk asuransi jiwa, liabilitas kepada pemegang polis khususnya kewajiban untuk klaim masa depan diuji untuk menentukan apakah liabilitas tersebut cukup untuk menutupi semua arus kas keluar di masa depan termasuk semua manfaat yang dijamin dan manfaat tambahan yang dijamin, manfaat partisipasi yang tidak dijamin (jika ada), semua biaya untuk penerbitan polis dan pemeliharaan polis, serta mencerminkan arus kas masuk masa depan, yaitu premi yang diterima di masa depan. For life insurance, the liabilities to policyholder in particular the liabilities for future claim is tested to determine whether they are sufficient to cover all related future cash out flows include all benefit guaranteed and guaranteed embedded additional benefit, non guaranteed participation benefit feature (if any), all the expense for policies issuance and maintaining the policies, as well as reflecting the future cash inflows, i.e. premium receipts in the future. Liabilitas dihitung berdasarkan diskonto dari arus kas untuk semua arus kas yang terkait yaitu arus kas keluar dan arus kas masuk seperti yang disebutkan di atas dengan menggunakan asumsi-asumsi aktuaria berdasarkan estimasi terbaik terkini yang ditetapkan oleh aktuaris Perusahaan, termasuk asumsi mortalitas/morbiditas, lapse, biaya, dan inflasi serta asumsi marjin atas risiko pemburukan. The liabilities are calculated based on discounted cash flows basis for all related cash flows i.e. both of cash outflows and cash inflows as mentioned above using a set of most recent best estimate actuarial assumptions which is set by the Company’s appointed actuary, include mortality/morbidity assumptions, lapse assumptions, expense assumptions and inflation assumptions as well as margin for adverse deviation assumptions. Perusahaan menerapkan metode Gross Premium Reserve dalam perhitungan liabilitas kepada pemegang polis dengan menggunakan asumsi aktuaria berdasarkan asumsi estimasi terbaik dan marjin atas risiko pemburukan. The Company applies the Gross Premium Reserve method to calculate the policyholder liabilities based on actuarial assumptions which is based on best estimate assumptions and margin for adverse deviation. Reasuransi Reinsurance Perusahaan mereasuransikan sebagian porsi risikonya kepada perusahaan reasuradur. Total premi yang dibayar atau porsi premi atas transaksi reasuransi prospektif diakui sesuai dengan proporsi total proteksi reasuransi yang diterima berdasarkan kontrak reasuransi. The Company reinsures a portion of its risk with reinsurance companies. The amount of premium paid or portion of premium from prospective reinsurance transactions is recognized over the reinsurance contract in proportion with the protection received. 29 Annual Report 2017 | PT BNI Life Insurance 375
  376. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) l. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Kontrak asuransi (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) l. Reinsurance (continued) Aset reasuransi termasuk saldo yang diharapkan dibayarkan oleh perusahaan reasuransi untuk ceded liabilitas manfaat polis masa depan, ceded estimasi liabilitas klaim dan ceded premi yang belum merupakan pendapatan. Total manfaat yang ditanggung oleh reasuradur diperkirakan secara konsisten sesuai dengan liabilitas yang terkait dengan polis reasuransi. Reinsurance assets include balances expected to be recovered from reinsurance companies for ceded liability for future policy benefits, ceded estimated claim liabilities and ceded unearned premiums. Amounts recoverable from reinsurers are estimated in a manner consistent with the liability associated with the reinsured policy. Perusahaan menyajikan aset reasuransi secara terpisah sebagai aset atas liabilitas manfaat polis masa depan, premi yang belum merupakan pendapatan, dan estimasi liabilitas klaim. The Company presents separately reinsurance assets of future policy benefit liabilities, unearned premium, and estimated claim liabilities. Jika aset reasuransi mengalami penurunan nilai, Perusahaan mengurangi nilai tercatat dan mengakui kerugian penurunan nilai tersebut dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Aset reasuransi mengalami penurunan nilai jika ada bukti obyektif, sebagai akibat dari suatu peristiwa yang terjadi setelah pengakuan awal aset reasuransi, bahwa Perusahaan tidak dapat menerima seluruh total karena di bawah syaratsyarat kontrak, dan dampak pada total yang akan diterima dari reasuradur dapat diukur secara andal. If a reinsurance asset is impaired, the Company reduces the carrying amount and recognizes the impairment loss in the consolidated statement of profit or loss and other comprehensive income. A reinsurance asset is impaired if there is objective evidence, as a result of an event that occurred after initial recognition of the reinsurance asset, that the Company may not receive all amounts due to it under the terms of the contract, and the impact of the amounts that the Company will receive from the reinsurer can be reliably measured. m. Claims payable Claims payable represents liability arising from the submitted claim by policyholders and approved by the Company but not yet paid as of consolidated statement of financial position date. Claims payable is recognized at the time the amount to be paid is approved. The liability is derecognized when the contract expires, is discharged or is cancelled. Utang klaim merupakan liabilitas yang timbul dari klaim yang diajukan oleh pemegang polis dan disetujui oleh Perusahaan tetapi belum dibayar hingga tanggal laporan posisi keuangan konsolidasian. Utang klaim diakui pada saat total yang harus dibayar disetujui. Liabilitas tersebut dihentikan pengakuannya pada saat kontrak berakhir, dilepaskan atau dibatalkan. Liabilitas manfaat polis masa depan n. 30 PT BNI Life Insurance | Laporan Tahunan 2017 Liability for future policy benefits The liabilities for future policy benefits represent the present value of estimated future policy benefits to be paid to policyholders or their heirs less present value of estimated future premiums to be received from the policyholders and recognized consistenly with the recognition of premium income. The liabilities for future policy benefits are determined and computed based on certain formula by the Company’s actuary. Liabilitas manfaat polis masa depan merupakan nilai kini estimasi manfaat polis masa depan yang akan dibayarkan kepada pemegang polis atau ahli warisnya dikurangi dengan nilai sekarang dari estimasi premi masa depan yang akan diterima dari pemegang polis dan diakui secara konsisten pada saat pengakuan pendapatan premi. Liabilitas manfaat polis masa depan ditentukan dan dihitung dengan menggunakan rumus tertentu oleh aktuaris Perusahaan. 376 Insurance contract (continued) Reasuransi (lanjutan) m. Utang klaim n. ACCOUNTING
  377. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) n. Liabilitas (lanjutan) manfaat AKUNTANSI polis masa PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. depan SUMMARY OF SIGNIFICANT POLICIES (continued) n. Liability for (continued) future ACCOUNTING policy benefits Perusahaan menghitung liabilitas manfaat polis masa depan dengan menggunakan metode Gross Premium Reserve yang mencerminkan nilai kini estimasi pembayaran seluruh manfaat yang diperjanjikan termasuk seluruh opsi yang disediakan, nilai kini estimasi seluruh biaya yang dikeluarkan dan juga mempertimbangkan penerimaan premi di masa depan. The Company calculates the liabilities for future policy benefits using Gross Premium Reserve method that reflect the present value of estimated payments throughout the guaranteed benefits including all the embedded options available, the estimated present value of all handling costs incurred and also considering the future premium receipt. Perubahan liabilitas manfaat polis masa depan diakui dalam laba rugi tahun berjalan. Changes in the liabilities for future policy benefits are recognized in the current year’s profit or loss. Untuk produk unit link, liabilitas kepada pemegang polis unit link diakui pada saat penerimaan dana dikonversi menjadi unit setelah dikurangi biaya-biaya dan akan bertambah atau berkurang sesuai dengan nilai aset bersih efektif yang berlaku. Risiko investasi terkait ditanggung oleh pemegang polis unit link. For unit-linked products, the liabilities to unitlinked policyholders is recognized at the time the funds received are converted into units, net of related expenses and will increase or decrease in accordance with effective net asset value. Related investment risk are borned by the unit-linked policyholders. Penerimaan dana dari nasabah untuk produk unit link dilaporkan sebagai pendapatan premi bruto dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Liabilitas kepada pemegang polis unit link diakui di laporan posisi keuangan konsolidasian yang termasuk di dalam liabilitas manfaat polis masa depan sebesar total yang diterima setelah dikurangi dengan bagian premi yang merupakan pendapatan Perusahaan, disertai dengan pengakuan kenaikan liabilitas kepada pemegang polis unit link di laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Funds received from customers for unit-linked products are reported as gross premium income in the consolidated statement of profit or loss and other comprehensive income. Liabilities to unit-linked policyholders are recognized in the consolidated statement of financial position which is included in the liabilities for future policy benefits for the amount received net of the portion of premium representing the Company’s revenue, with corresponding profit or loss recognition for the increase in liabilities to unit-linked policyholders in the consolidated statement of profit or loss and other comprehensive income. Setiap bunga, keuntungan atau kerugian dari kenaikan atau penurunan nilai pasar investasi dicatat sebagai pendapatan atau beban, disertai dengan pengakuan kenaikan atau penurunan liabilitas manfaat polis masa depan di laporan laba rugi dan liabilitas manfaat polis masa depan di laporan posisi keuangan konsolidasian. Any interest, gain or loss due to increases or decreases in market value of investments are recorded as income or expense, with a corresponding recognition of increase or decrease liabilities for future policy benefits in the profit or loss and liabilities for future policy benefits in the consolidated statement of financial position. Penerimaan dana dari nasabah untuk produk unit link diakui sebagai liabilitas manfaat polis masa depan di laporan posisi keuangan konsolidasian sebesar total yang diterima setelah dikurangi charges atau admin fee lainnya dalam rangka mengelola pendapatan dari produk unit link. Funds received from customers for unit-linked products is recognized as liabilities for future policy benefits in the consolidated statement of financial position for the amount received net of charges or other admin fee in managing the unit-linked product revenue. 31 Annual Report 2017 | PT BNI Life Insurance 377
  378. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) n. Liabilitas (lanjutan) manfaat AKUNTANSI polis masa PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. depan SUMMARY OF SIGNIFICANT POLICIES (continued) n. Liabilitas imbalan kerja o. policy benefits Employee benefits liability Liabilitas imbalan kerja karyawan jangka pendek diakui pada saat terutang kepada karyawan. Short-term employee benefits liability is recognized when they are accrued to the employees. Liabilitas imbalan kerja jangka pendek seperti gaji, iuran jaminan sosial, cuti jangka pendek, bonus dan imbalan non-moneter lainnya diakui selama periode jasa diberikan. Liabilitas imbalan kerja jangka pendek diukur sebesar total yang tidak didiskontokan. Short-term employee benefits liability, such as salaries, social security contributions, shortterm leaves, bonuses, and other non-monetary benefits are recognized during the period when services have been rendered. Short-term employee benefits liability is measured using undiscounted amounts. Liabilitas imbalan kerja jangka panjang dan imbalan pasca-kerja, seperti pensiun, uang pisah, uang penghargaan dan imbalan lainnya dihitung berdasarkan peraturan Perusahaan dan Undang-Undang Ketenagakerjaan No. 13/2003 tanggal 25 Maret 2003. Long-term and post employment benefits, such as pension, severance payments, service payments, and other benefits are calculated in accordance with the Company’s regulation and Labor Law No. 13/2003 dated March 25, 2003. Perusahaan diwajibkan menyediakan total minimum imbalan pensiun berdasarkan UU No. 13/2003. Secara substansi, program pensiun dalam UU No. 13/2003 merupakan program imbalan pasti karena undang-undang telah menetapkan formula dalam menentukan total minimum imbalan. The Company is required to provide a minimum amount of pension benefits in accordance with Law No. 13/2003. Since the Law sets the formula for determining the minimum amount of benefits, in substance pension plans under Law No. 13/2003 represent defined benefit plans. Jika porsi program imbalan pensiun yang didanai oleh karyawan lebih rendah dari imbalan yang diwajibkan menurut UndangUndang Ketenagakerjaan, Perusahaan akan membentuk penyisihan untuk menutupi kekurangan tersebut. If the employee funded portion of the pension plan benefit is less than the benefit as required by the Labor law, the Company will provide provision for such shortage. 32 378 future Funds received from participant for Sharia unit products is recognized as contributions income from tabarru’ fund according with the insurance contract and not as income for operator/company, as the operator only act as a representative of the participants to manage the tabarru’ fund. The contribution portion for operator’s ujrah in effort to manage the tabarru’ fund is recognized as ujrah income in profit or loss. Portion of fund received from participant for investment of mudharabah contract is recognized as mudharabah investment fund and receipt from wakalah contract is recognized as wakalah investment fund in the consolidated statement of financial position for Participant Funds. Penerimaan dana dari peserta untuk produk Syariah diakui sebagai pendapatan kontribusi dari dana tabarru’ sesuai dengan akad asuransinya dan bukan merupakan pendapatan entitas pengelola atau perusahaan, karena entitas pengelola sebagai wakil para peserta untuk mengelola dana tabarru’. Bagian kontribusi untuk ujrah entitas pengelola dalam rangka mengelola dana tabarru’ diakui sebagai pendapatan ujrah pada laporan laba rugi konsolidasian. Bagian penerimaan dana dari peserta untuk investasi dari akad mudharabah diakui sebagai dana investasi mudharabah dan penerimaan dari peserta untuk investasi dari akad wakalah diakui sebagai dana investasi wakalah di laporan posisi keuangan Dana Peserta. o. Liability for (continued) ACCOUNTING PT BNI Life Insurance | Laporan Tahunan 2017
  379. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) o. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Liabilitas imbalan kerja (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) o. ACCOUNTING Employee benefits liability (continued) Program pensiun imbalan pasti adalah program pensiun yang menetapkan total pensiun yang akan diterima oleh karyawan pada saat pensiun, yang biasanya tergantung pada satu faktor atau lebih, seperti umur, masa kerja, dan total kompensasi. A defined benefit plan is a pension plan that defines an amount of pension that will be received by the employee on becoming entitled to a pension, which usually depends on one or more factors, such as age, years of service and compensation. Liabilitas atas program pensiun imbalan pasti yang diakui di laporan posisi keuangan konsolidasian merupakan nilai kini dari liabilitas imbalan pasti pada tanggal laporan posisi keuangan setelah dikurangi dengan nilai wajar aset program, bersamaan juga dengan penyesuaian atas keuntungan atau kerugian aktuarial yang belum diakui dan beban jasa masa lalu. Liabilitas imbalan pasti dihitung secara tahunan oleh aktuaris independen menggunakan metode Projected Unit Credit. Nilai kini dari liabilitas imbalan pasti ditentukan dengan mendiskontokan estimasi arus kas yang dikeluarkan di masa depan menggunakan tingkat bunga obligasi jangka panjang yang berkualitas tinggi dalam mata uang Rupiah di mana imbalan tersebut akan dibayarkan, serta memiliki kriteria jatuh tempo yang mendekati dengan kriteria liabilitas pensiun tersebut. The liability recognized in the consolidated statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the statement of financial position date less the fair value of plan assets, together with adjustments for unrecognized actuarial gain or loss and past service cost. The defined benefit obligation is calculated annually by independent actuaries using the “Projected Unit Credit” method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high quality long-term bonds that are denominated in Rupiah in which the benefit will be paid, and that have terms to maturity approximating the terms of the related pension liability. Keuntungan dan kerugian aktuarial yang timbul dari penyesuaian dan perubahan asumsi-asumsi aktuarial (pengukuran kembali) dikreditkan atau dibebankan seluruhnya di ekuitas melalui penghasilan komprehensif lain pada saat terjadinya. Actuarial gain and loss arising from experience adjustments and changes in actuarial assumptions (remeasurement) are credited or fully charged to equity in other comprehensive income in the period in which they occur. Biaya jasa lalu diakui segera dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Past-service costs are recognized immediately in the consolidated statement of profit or loss and other comprehensive income. Liabilitas imbalan jangka panjang lainnya Other long-term benefits liability Perusahaan memberikan imbalan kerja jangka panjang lainnya dalam bentuk penghargaan masa kerja dan cuti besar. The Company provides other long-term defined benefits including gratuity and long-leave. Biaya yang diharapkan timbul atas imbalan ini diakui selama masa kerja dengan menggunakan metodologi akuntansi yang sama seperti yang digunakan dalam program pensiun imbalan pasti. Keuntungan atau kerugian aktuarial yang timbul dari penyesuaian dan perubahan dalam asumsi- asumsi aktuarial (pengukuran kembali) dikreditkan atau dibebankan seluruhnya di laporan laba rugi dan penghasilan komprehensif lain konsolidasian pada saat terjadinya. The expected costs of these benefits are accrued over the period of employment using the same accounting methodology as used for defined benefit pension plans. Actuarial gain or loss arising from experience adjustments and changes in actuarial assumptions (remeasurement) are credited or fully charged to consolidated statement of profit or loss and other comprehensive income in the period in which they occur. 33 Annual Report 2017 | PT BNI Life Insurance 379
  380. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) p. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Pajak penghasilan p. ACCOUNTING Income tax Beban pajak terdiri dari pajak final, kini dan pajak tangguhan. Pajak diakui dalam laba rugi, kecuali jika pajak tersebut terkait dengan transaksi atau kejadian yang diakui di penghasilan komprehensif lain atau langsung diakui ke ekuitas. Dalam hal ini, pajak tersebut masing-masing diakui dalam penghasilan komprehensif lain atau ekuitas. The tax expense comprise of final, current and deferred tax. Tax is recognized in the profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity, respectively. Pajak final Final tax Peraturan perpajakan di Indonesia mengatur beberapa jenis penghasilan dikenakan pajak yang bersifat final. Pajak final yang dikenakan atas nilai bruto transaksi tetap dikenakan walaupun atas transaksi tersebut pelaku transaksi mengalami kerugian. Tax regulation in Indonesia determined that certain taxable income is subject to final tax. Final tax applied to the gross value of transactions is applied even when the parties carrying the transaction recognizing loss. Mengacu pada revisi PSAK No. 46 yang disebutkan di atas, pajak final tersebut tidak termasuk dalam lingkup yang diatur oleh PSAK No. 46. Oleh karena itu, Perusahaan memutuskan untuk menyajikan beban pajak final sehubungan dengan pendapatan bunga dari deposito jaminan, deposito berjangka dan obligasi yang diklasifikasikan sebagai aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi dan tersedia untuk dijual sebagai pos tersendiri. Referring to revised PSAK No. 46 as mentioned above, final tax is no longer governed by PSAK No. 46. Therefore, the Company has decided to present all of the final tax arising from interest income from statutory deposits, time deposits and bonds classified as financial assets at fair value through profir or loss and available-forsale as a separate line item. Pajak kini Current tax Aset dan liabilitas pajak kini untuk tahun berjalan diukur sebesar total yang diharapkan dapat direstitusi dari atau dibayarkan kepada otoritas perpajakan. Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authority. Beban pajak kini ditentukan berdasarkan laba kena pajak tahun berjalan yang dihitung berdasarkan tarif pajak yang berlaku. Current tax expense is determined based on the taxable profit for the year computed using the prevailing tax rates. Kekurangan atau kelebihan pembayaran pajak penghasilan, jika ada, dicatat sebagai bagian dari “Beban pajak kini” dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Perusahaan juga menyajikan bunga atau denda terkait, jika ada, sebagai bagian dari beban usaha. Underpayment or overpayment of income tax, if any, are presented as part of “Tax expense current” in the consolidated statement of profit or loss and other comprehensive income. The Company also presented related interest or penalty, if any, as part of operating expenses. Koreksi terhadap liabilitas perpajakan diakui pada saat surat ketetapan pajak diterima atau, jika diajukan keberatan, pada saat keputusan atas keberatan ditetapkan. Amendments to tax obligations are recorded when a tax assessment letter is received or, if appealed against, when the result of the appeal is determined. 34 380 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  381. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) p. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Pajak penghasilan (lanjutan) SUMMARY OF SIGNIFICANT POLICIES (continued) p. ACCOUNTING Income tax (continued) Pajak tangguhan Deferred tax Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajak pada masa mendatang yang timbul dari perbedaan total tercatat aset dan liabilitas menurut laporan keuangan konsolidasian dengan dasar pengenaan pajak aset dan liabilitas pada setiap tanggal pelaporan. Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak dan aset pajak tangguhan diakui untuk perbedaan temporer yang boleh dikurangkan dan akumulasi rugi fiskal, sepanjang besar kemungkinan perbedaan temporer yang boleh dikurangkan dan akumulasi rugi fiskal tersebut dapat dimanfaatkan untuk mengurangi laba kena pajak pada masa depan. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of existing assets and liabilities in the consolidated financial statements and their respective tax bases at each reporting date. Deferred tax liabilities are recognized for all taxable temporary differences and deferred tax assets are recognized for deductible temporary differences and accumulated fiscal loss to the extent that it is probable that taxable profit will be available in future years against which the deductible temporary differences and accumulated fiscal loss can be utilized. Total tercatat aset pajak tangguhan ditelaah ulang pada akhir setiap periode pelaporan dan diturunkan apabila laba fiskal mungkin tidak memadai untuk mengkompensasi sebagian atau semua manfaat aset pajak tangguhan tersebut. Pada akhir setiap periode pelaporan, Perusahaan menilai kembali aset pajak tangguhan yang tidak diakui. Perusahaan mengakui aset pajak tangguhan yang sebelumnya tidak diakui apabila besar kemungkinan bahwa laba fiskal pada masa depan akan tersedia untuk pemulihannya. The carrying amount of a deferred tax asset is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow the benefit of part or all of that deferred tax asset to be utilized. At the end of each reporting period, the Company reassesses unrecognized deferred tax assets. The Company recognizes a previously unrecognized deferred tax assets to the extent that it has become probable that future taxable profit will allow the deferred tax assets to be recovered. Pajak tangguhan dihitung dengan menggunakan tarif pajak yang berlaku atau secara substansial telah berlaku pada tanggal pelaporan. Perubahan nilai tercatat aset dan liabilitas pajak tangguhan yang disebabkan oleh perubahan tarif pajak dibebankan pada usaha periode berjalan, kecuali untuk transaksitransaksi yang sebelumnya telah langsung dibebankan atau dikreditkan ke ekuitas. Deferred tax is calculated at the tax rates that have been enacted or substantively enacted at the reporting date. Changes in the carrying amount of deferred tax assets and liabilities due to a change in tax rates are charged to current period operations, except to the extent that they relate to items previously charged or credited to equity. Aset dan liabilitas pajak tangguhan disajikan secara saling hapus dalam laporan posisi keuangan konsolidasian, kecuali aset dan liabilitas pajak tangguhan untuk entitas yang berbeda, sesuai dengan penyajian aset dan liabilitas pajak kini. Deferred tax assets and liabilities are offset in the consolidated statement of financial position, except if they are for different legal entities, consistent with the presentation of current tax assets and liabilities. 35 Annual Report 2017 | PT BNI Life Insurance 381
  382. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) q. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. Pengakuan pendapatan dan beban ACCOUNTING q. Revenue and expense recognition Premi bruto Gross premiums Premi kontrak jangka pendek diakui sebagai pendapatan dalam periode kontrak sesuai dengan proporsi total proteksi asuransi yang diberikan. Premi kontrak jangka panjang diakui sebagai pendapatan pada saat jatuh tempo dari pemegang polis. Premiums received from short-term insurance contracts are recognized as income within the contract period based on the insurance coverage provided. Premiums received from long-term insurance contracts are recognized as income when these are due. Premi reasuransi bruto diakui sebagai beban pada saat dibayarkan atau pada tanggal di mana polis tersebut efektif. Gross reinsurance premiums are recognized as an expense when payable or on the date in which the policy becomes effective. Perusahaan menghitung cadangan atas premi yang belum merupakan pendapatan dengan menggunakan metode amortisasi harian. The Company calculates unearned premium reserves using daily amortization method. Cadangan atas premi yang belum merupakan pendapatan hanya diterapkan terhadap premi yang mempunyai risiko (asuransi jangka warsa, kecelakaan diri, dan kesehatan) yang periode asuransinya tidak lebih dari satu tahun. Unearned premium reserves only apply for premiums that are short-term with less than one year insurance period which have risk component only (term life, personal accident and health insurance). Perubahan cadangan atas premi yang belum merupakan pendapatan diakui dalam laba rugi tahun berjalan. Changes in unearned premium reserves is recognized in the current year’s profit or loss. Premi yang diterima sebelum diterbitkannya polis asuransi dicatat sebagai titipan premi pada laporan posisi keuangan konsolidasian. Premiums received prior to the issuance of insurance policies is recorded as policyholders’ deposit in the consolidated statement of financial position. Ujrah/fee yang diterima oleh Perusahaan diakui sebagai pendapatan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Ujrah diamortisasi menggunakan metode garis lurus. Ujrah/fee received by the Company is recognized as income in consolidated statement of profit or loss and other comprehensive income. Ujrah are amortized using straight-line method.69 Pendapatan lain Other income Pendapatan lainnya diakui pada saat terjadinya (basis akrual). Other income is recognized when earned (accrual basis). Klaim dan manfaat Claims and benefits Klaim dan manfaat polis terdiri dari klaim yang telah diselesaikan, klaim dalam proses penyelesaian, dan estimasi atas klaim yang telah terjadi namun belum dilaporkan (”IBNR”). Klaim dan manfaat polis diakui sebagai beban pada saat terjadinya liabilitas untuk memberikan proteksi. Klaim reasuransi yang diperoleh dari perusahaan reasuradur diakui dan dicatat sebagai pengurang klaim dan manfaat polis pada periode yang sama dengan periode pengakuan klaim dan manfaat polis. Claim and policy benefits consist of settled claims, claims that are still in process of completion and estimated of claims incurred but not yet reported (“IBNR”). Claim and policy benefits are recognized as expenses when the liabilities to cover claims are incurred. Reinsurance claim recoveries from reinsurance companies are recognized and recorded as deduction to claim and policy benefits consistent in the same period with the claim and policy benefits recognition. 36 382 SUMMARY OF SIGNIFICANT POLICIES (continued) PT BNI Life Insurance | Laporan Tahunan 2017
  383. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) q. r. Pengakuan (lanjutan) AKUNTANSI pendapatan dan PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. beban SUMMARY OF SIGNIFICANT POLICIES (continued) q. Revenue and (continued) ACCOUNTING expense recognition Klaim dan manfaat (lanjutan) Claims and benefits (continued) Total klaim dalam penyelesaian, termasuk klaim yang telah terjadi namun belum dilaporkan, dinyatakan berdasarkan nilai estimasian menggunakan teknik perhitungan teknis oleh aktuaris yang dilaporkan sebagai bagian dari ”Estimasi liabilitas klaim” dalam laporan posisi keuangan konsolidasian. Perubahan dalam estimasi liabilitas klaim sebagai hasil dari evaluasi lebih lanjut dan perbedaan antara estimasi klaim dengan klaim yang dibayarkan, diakui sebagai biaya tambahan atau pengurang pada periode terjadinya perubahan. Total claims in process, including claims incurred but not yet reported, are stated at estimated amounts determined based on the actuarial technical insurance calculations which is reported as part of “Estimated claim liabilities” in the consolidated statement of financial position. Changes in estimated claim liabilities as a result of further evaluation and the difference between estimated claims and paid claims are recognized as addition to or deduction from expenses in the period the changes occurred. Beban diakui pada saat terjadinya (basis akrual). Expenses are recognized when they are incurred (accrual basis). Sewa r. Lease sewa Sewa diklasifikasikan sebagai pembiayaan jika sewa tersebut mengalihkan secara substansial seluruh risiko dan manfaat yang terkait dengan kepemilikan aset. Sewa lainnya, yang tidak memenuhi kriteria tersebut diklasifikasikan sebagai sewa operasi. Leases are classified as finance lease whenever the terms of the lease transfer substantially all the risk and rewards of ownership to the lessee. All other leases are classified as operating lease. Perusahaan sebagai lessee The Company as lessee Aset pada sewa pembiayaan dicatat pada awal masa sewa sebesar nilai wajar aset sewaan Perusahaan yang ditentukan pada awal kontrak atau, jika lebih rendah, sebesar nilai kini dari pembayaran sewa minimum. Liabilitas kepada lessor disajikan di dalam laporan posisi keuangan konsolidasian sebagai ”Utang sewa pembiayaan”. Assets held under finance lease are initially recognized as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is presented in the consolidated statement of financial position as “Obligations under finance lease”. Pembayaran sewa harus dipisahkan antara bagian yang merupakan beban keuangan dan bagian yang merupakan pengurangan dari utang sewa sehingga mencapai suatu tingkat bunga yang tetap atas saldo liabilitas. Rental kontinjen diakui sebagai beban di dalam tahun terjadinya. Lease payments are apportioned between finance charges and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Contingent rentals are recognized as expenses in the year in which they are incurred. 37 Annual Report 2017 | PT BNI Life Insurance 383
  384. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) s. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. SUMMARY OF SIGNIFICANT POLICIES (continued) Beban akuisisi s. Acquisition costs Acquisition costs represent costs related to new insurance contracts and renewals such as commissions and agency expense. These are charged directly to the current year’s profit or loss, except for acquisition cost related to ujrah reserve. Acquisition cost related to ujrah reserve amortized using straight line method. Beban akuisisi merupakan beban yang terjadi untuk mendapatkan kontrak asuransi baru dan perpanjangannya seperti komisi dan beban keagenan. Beban akuisisi ini dibebankan langsung ke laba rugi tahun berjalan, kecuali untuk beban akuisisi yang berkaitan dengan penyisihan ujrah (Catatan 2j). Beban akuisisi yang berkaitan dengan penyisihan ujrah diamortisasi menggunakan metode garis lurus. t. Dividen t. Dividend Dividend distribution to the Company’s shareholders is recognized as a liability in the Company’s consolidated financial statements in the period in which the dividends are approved by the Company’s shareholders. Distribusi dividen kepada pemegang saham Perusahaan diakui sebagai liabilitas dalam laporan keuangan konsolidasian Perusahaan pada periode dimana dividen telah disetujui oleh pemegang saham Perusahaan. u. v. Penurunan nilai aset non-keuangan u. Impairment of non-financial assets Pada setiap akhir periode pelaporan, Perusahaan menilai apakah terdapat indikasi bahwa suatu aset mungkin mengalami penurunan nilai. Jika terdapat indikasi tersebut, atau pada saat pengujian penurunan nilai aset tahunan diperlukan, maka Perusahaan membuat estimasi jumlah aset terpulihkan. At each end of reporting period, the Company assesses whether there is an indication that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset’s recoverable amount. Standar dan interpretasi yang berlaku efektif pada tahun 2017 v. Standards and interpretations effective in 2017 Berikut ini adalah amandemen dan revisi atas Pernyataan Standar Akuntansi Keuangan (PSAK) dan Intepretasi Standar Akuntansi Keuangan (ISAK) yang berlaku efektif sejak tanggal 1 Januari 2017 dan dipandang relevan terhadap laporan keuangan konsolidasian Perusahaan: The following are amendment and revision on Statement of Financial Accounting Standards (PSAK) and Intepretation on Financial Accounting Standards (ISAK) which effective starting January 1, 2017 and considered relevant to the Company’s consolidated financial statements: • • • • • • • Amandemen PSAK No. 1, “Penyajian Laporan Keuangan tentang Prakarsa Pengungkapan”. Amandemen PSAK No. 3, “Penyajian Laporan Keuangan tentang Laporan Keuangan Interim”. PSAK No. 24 (Penyesuaian 2016), “Imbalan Kerja”. PSAK No. 60 (Penyesuaian 2016), “Instrumen Keuangan: Pengungkapan”. PSAK No. 101 (Revisi 2016), “Penyajian Laporan Keuangan Syariah”. • • • • • PSAK No. 108 (Revisi 2016), “Akuntansi Transaksi Asuransi Syariah”. 38 384 ACCOUNTING PT BNI Life Insurance | Laporan Tahunan 2017 Amendments PSAK No. 1, “Presentation of Financial Statements on Disclosure initiative”. Amendments PSAK No. 3, “Presentation of Financial Statements regarding Interim Financial Report”. PSAK No. 24 (Improvement 2016), “Employee Benefits”. PSAK No. 60 (Improvement 2016), “Financial Instrument: Disclosure”. PSAK No. 101 (Revised 2016), “Presentation of Sharia Financial Statements”. PSAK No. 108 (Revised 2016), “Accounting for Sharia Insurance Transactions”.
  385. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN SIGNIFIKAN (lanjutan) v. 3. AKUNTANSI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) YANG 2. SUMMARY OF SIGNIFICANT POLICIES (continued) Standar dan interpretasi yang berlaku efektif pada tahun 2017 (lanjutan) v. ACCOUNTING Standards and interpretations effective in 2017 (continued) Tidak ada dampak yang material atas amandemen, penyesuaian dan revisi standar yang berlaku efektif pada tanggal 1 Januari 2017 terhadap laporan posisi keuangan konsolidasian, kecuali dampak penerapan atas revisi PSAK No. 108. There are no material impact of the amendment, improvement and revised standard effective in January 1, 2017 to the consolidated statement of financial position, except for the effect of implementation of revised PSAK No. 108. Dampak perubahan atas penerapan atas PSAK No. 108 terhadap entitas pengelola diakui di saldo laba awal tahun 2017 sebesar Rp10.059. Effect changes on the adoption of revised PSAK No. 108 on the Company/operator is recognized on the beginning balance of 2017 retained earnings amounted to Rp10,059. SUMBER ESTIMASI DAN KETIDAKPASTIAN 3. SOURCE OF ESTIMATION AND UNCERTAINTY Penyusunan laporan keuangan konsolidasian Perusahaan mengharuskan manajemen untuk membuat pertimbangan, estimasi dan asumsi yang mempengaruhi total yang dilaporkan dari pendapatan, beban, aset dan liabilitas, dan pengungkapan atas liabilitas kontinjensi, pada akhir periode pelaporan. Ketidakpastian mengenai asumsi dan estimasi tersebut dapat mengakibatkan penyesuaian material terhadap nilai tercatat aset dan liabilitas dalam periode pelaporan berikutnya. The preparation of the Company’s consolidated financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities, at the end of the reporting period. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset and liability affected in future periods. Pertimbangan Judgment Pertimbangan berikut ini dibuat oleh manajemen dalam rangka penerapan kebijakan akuntansi Perusahaan yang memiliki pengaruh paling signifikan atas total yang diakui dalam laporan keuangan konsolidasian: The following judgments are made by management in the process of applying the Company’s accounting policies that have the most significant effects on the amounts recognized in the consolidated financial statements: Penentuan mata uang fungsional Determination of functional currency Berdasarkan substansi ekonomi dari keadaan mendasar yang relevan terhadap Perusahaan, mata uang fungsional ditetapkan adalah Rupiah. Mata uang tersebut adalah terutama mempengaruhi sebagian besar pendapatan dan biaya operasi Perusahaan. Based on the economic substance of the underlying circumstances relevant to the Company, the functional currency has been determined to be Rupiah. It is the currency that mainly influences majority of the Company’s revenues and operating expenses. Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities Perusahaan menetapkan klasifikasi atas aset dan liabilitas tertentu sebagai aset keuangan dan liabilitas keuangan dengan mempertimbangkan bila definisi yang ditetapkan PSAK No. 55 (Revisi 2014) dipenuhi. Dengan demikian, aset keuangan dan liabilitas keuangan diakui sesuai dengan kebijakan akuntansi Perusahaan dan entitas anak seperti diungkapkan pada Catatan 2. The Company determines the classifications of certain assets and liabilities as financial assets and financial liabilities by judging if they meet the definition set forth in PSAK No. 55 (Revised 2014). Accordingly, the financial assets and financial liabilities are accounted for in accordance with the Company and subsidiaries’s accounting policies disclosed in Note 2. 39 Annual Report 2017 | PT BNI Life Insurance 385
  386. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 3. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) SUMBER ESTIMASI DAN KETIDAKPASTIAN (lanjutan) 3. SOURCE OF ESTIMATION AND UNCERTAINTY (continued) Pertimbangan (lanjutan) Judgment (continued) Klasifikasi produk Product classifications Berdasarkan PSAK No. 62, “Kontrak Asuransi”, Perusahaan harus mengklasifikasi kontraknya menjadi kontrak asuransi atau kontrak investasi. Manajemen telah menganalisis dan menyimpulkan bahwa seluruh kontrak yang diterbitkan oleh Perusahaan adalah kontrak asuransi. Based on PSAK No. 62, “Insurance Contract”, the Company should classify its contracts into insurance contract or investment contract. Management had assessed and concluded that all the contract issued by the Company is insurance contract. Pajak penghasilan Income tax Pertimbangan signifikan dilakukan dalam menentukan provisi atas pajak penghasilan badan. Terdapat transaksi dan perhitungan tertentu yang penentuan pajak akhirnya adalah tidak pasti sepanjang kegiatan usaha normal. Perusahaan mengakui liabilitas atas pajak penghasilan badan berdasarkan estimasi apakah akan terdapat tambahan pajak penghasilan badan. Significant judgment is involved in determining the provision for corporate income tax. There are certain transactions and computation for which the ultimate tax determination is uncertain during the ordinary course of business. The Company recognizes liabilities for expected corporate income tax issues based on estimates of whether additional corporate income tax will be due. Konsolidasian reksadana Consolidated mutual funds Grup mengkonsolidasikan investasi dalam reksadananya ketika mempunyai pengendalian. Pertimbangan signifikan digunakan untuk menentukan apakah Grup mempunyai pengendalian atas reksadana tersebut atau tidak. Mutual funds investment in which the Group has a controling interest are consolidated. Significant judgement is involved in determining whether or not the Group has control over the mutual funds. Estimasi dan asumsi Estimates and assumptions Asumsi utama untuk masa depan dan sumber utama estimasi ketidakpastian lainnya pada tanggal pelaporan yang memiliki risiko signifikan dalam menyebabkan penyesuaian yang material terhadap nilai tercatat aset dan liabilitas untuk tahun berikutnya diungkapkan di bawah ini. Perusahaan mendasarkan asumsi dan estimasinya pada parameter yang tersedia pada saat laporan keuangan konsolidasian disusun. Asumsi dan situasi saat ini mengenai perkembangan masa depan mungkin berubah akibat perubahan pasar atau situasi di luar kendali Perusahaan. Perubahan tersebut dicerminkan dalam asumsi terkait pada saat terjadinya. The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below. The Company based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments may change due to market changes or circumstances arising beyond the control of the Company. Such changes are reflected in the assumptions when they occur. 40 386 PT BNI Life Insurance | Laporan Tahunan 2017
  387. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 3. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) SUMBER ESTIMASI DAN KETIDAKPASTIAN (lanjutan) 3. SOURCE OF ESTIMATION AND UNCERTAINTY (continued) Estimasi dan asumsi (lanjutan) Estimates and assumptions (continued) Penyusutan dan masa manfaat ekonomis aset tetap dan amortisasi aset tak berwujud Depreciation and useful lives of fixed assets and amortization of intangible assets Biaya perolehan aset tetap dan aset tak berwujud disusutkan/diamortisasi dengan menggunakan metode garis lurus. Manajemen mengestimasi masa manfaat ekonomis aset tetap dan aset tak berwujud adalah 4-20 tahun. Ini adalah umur yang secara umum diharapkan dalam industri dimana Perusahaan menjalankan bisnisnya. The costs of fixed assets and intangible assets are depreciated/amortized on the straight-line method. Management properly estimates the useful lives of these fixed assets and intangible assets are 4-20 years. These are common life expectancies applied in the industries where the Company conduct its businesses. Perubahan tingkat pemakaian dan perkembangan teknologi dapat mempengaruhi masa manfaat ekonomis dan nilai sisa aset, dan karenanya beban penyusutan/amortisasi masa depan mungkin direvisi. Penjelasan lebih rinci diungkapkan dalam Catatan 15 dan 16. Changes in the expected level of usage and technological development could impact the economic useful lives and the residual values of these assets, and therefore future depreciation/amortization charges could be revised. Further details are disclosed in Notes 15 and 16. Nilai wajar instrumen keuangan Fair value of financial instruments Perusahaan dan entitas anak mencatat aset dan liabilitas keuangan tertentu pada nilai wajar, yang mengharuskan penggunaan estimasi akuntansi. Walaupun komponen signifikan atas pengukuran nilai wajar ditentukan menggunakan bukti obyektif yang dapat diverifikasi, total perubahan nilai wajar dapat berbeda bila Perusahaan dan entitas anak menggunakan metodologi penilaian yang berbeda. Perubahan nilai wajar aset dan liabilitas keuangan tersebut dapat mempengaruhi secara langsung laba atau rugi Perusahaan dan entitas anak. Penjelasan lebih rinci diungkapkan dalam Catatan 39. The Company and Subsidiaries carries certain financial assets and liabilities at fair values, which requires the use of accounting estimates. While significant components of fair value measurement were determined using verifiable objective evidences, the amount of changes in fair values would differ if the Company and Subsidiaries utilized different valuation methodology. Any changes in fair values of these financial assets and liabilities would affect directly the Company and Subsidiaries’s profit or loss. Further details are disclosed in Note 39. Aset pajak tangguhan Deferred tax assets Pertimbangan signifikan juga dilakukan dalam menentukan total aset pajak tangguhan yang dapat diakui, berdasarkan waktu dan tingkat keuntungan masa depan dan strategi perencanaan pajak. Significant judgment is also involved to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. Liabilitas imbalan kerja Employee benefits liability Liabilitas imbalan kerja ditentukan berdasarkan perhitungan dari aktuaris. Perhitungan aktuaris mengunakan asumsi-asumsi seperti tingkat diskonto, tingkat pengembalian investasi, tingkat kenaikan gaji, tingkat mortalitas, tingkat pengunduran diri dan lain-lain (Catatan 25). Employee benefits liability is determined based on actuarial valuation. The actuary valuation involves making assumptions about discount rate, rate of return on investments, future salary increases, mortality rate, resignation rate and others (Note 25). 41 Annual Report 2017 | PT BNI Life Insurance 387
  388. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 3. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) SUMBER ESTIMASI DAN KETIDAKPASTIAN (lanjutan) 3. SOURCE OF ESTIMATION AND UNCERTAINTY (continued) Estimasi dan asumsi (lanjutan) Estimates and assumptions (continued) Cadangan teknis Technical reserves Cadangan teknis dicatat di laporan posisi keuangan konsolidasian berdasarkan perhitungan aktuaris dengan menggunakan asumsi aktuarial. Termasuk dalam cadangan teknis adalah liabilitas manfaat polis masa depan, cadangan atas premi yang belum merupakan pendapatan, dan estimasi liabilitas klaim (Catatan 18a, 18c dan 18d). Technical reserves are stated in the consolidated statement of financial position in accordance with the actuarial calculation based on certain actuarial assumptions. Included in the technical reserves are liability for future policy benefits, unearned premium reserves and estimated claim liabilities (Notes 18a, 18c and 18d). Penyisihan kontribusi yang belum menjadi hak Unearned contributions provisions Penyisihan kontribusi yang belum menjadi hak dinyatakan berdasarkan perhitungan aktuaris pada tanggal laporan posisi keuangan konsolidasian (Catatan 18b). Unearned contributions provisions is stated in the consolidated statement of financial position in accordance with actuarial calculation (Note 18b). Aset reasuransi Reinsurance assets Aset yang timbul dari kontrak reasuransi juga dihitung dengan menggunakan metode Gross Premium Valuation dan Unearned Premium Reserves. Selain itu, pemulihan aset ini dinilai secara periodik untuk memastikan bahwa totalnya mencerminkan total yang pada akhirnya akan diterima, mempertimbangkan faktor-faktor seperti counterparty dan risiko kredit. Penurunan nilai diakui di mana terdapat bukti obyektif bahwa Perusahaan tidak dapat menerima total yang terhutang untuk itu dan total ini dapat diukur secara andal (Catatan 17). Assets arising from reinsurance contracts are also computed using the Gross Premium Valuation and Unearned Premium Reserves methods. In addition, the recoverability of these assets is assessed on a periodic basis to ensure that the balance is reflective of the amounts that will ultimately be received, taking into consideration factors such as counterparty and credit risk. Impairment is recognized where there is objective evidence that the Company may not receive amounts due to it and these amounts can be reliably measured (Note 17). Tes Kecukupan Liabilitas Liability Adequacy Test Sebagaimana diungkapkan dalam Catatan 2, Perusahaan telah melakukan tes kecukupan liabilitas kontrak asuransi. Berdasarkan hasil tes kecukupan liabilitas kontrak asuransi tersebut, manajemen Perusahaan dan entitas anak berpendapat bahwa nilai tercatat liabilitas asuransi pada tanggal 31 Desember 2017 dan 2016 telah cukup. As disclosed in Note 2, the Company has assessed the adequacy of its insurance contract liabilities. Based on the evaluation of insurance contract liability adequacy test, the Company and Subsidiaries’s management is of the opinion that the carrying value of insurance liabilities as of December 31, 2017 and 2016 are adequate. 42 388 PT BNI Life Insurance | Laporan Tahunan 2017
  389. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 4. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DANA JAMINAN 4. STATUTORY FUNDS The statutory funds represent statutory amounts administered by non-affiliated custodian bank in compliance with the Financial Authority Services Regulation (POJK No. 71/POJK.05/2016 dated December 28, 2016 for conventional unit and POJK No. 72/POJK.05/2016 dated December 28, 2016 for sharia unit). Dana jaminan merupakan total jaminan yang diadministrasikan oleh bank kustodian yang tidak terafiliasi sesuai dengan Peraturan Otoritas Jasa Keuangan (POJK No. 71/POJK.05/2016 tanggal 28 Desember 2016 untuk unit konvensional dan POJK No. 72/POJK.05/2016 tanggal 28 Desember 2016 untuk unit syariah). 31 Desember/December 31, 2017 Deposito berjangka Obligasi Pemerintah/Sukuk a. 2016 20.000 238.945 20.000 129.315 258.945 149.315 Time deposits Government bonds/Sukuk a. Time deposits consist of placements denominated in Rupiah currency are as follows: Deposito berjangka terdiri dari penempatan dalam mata uang Rupiah sebagai berikut: 31 Desember/December 31, 2017 2016 Syariah Pihak ketiga PT Bank BTPN Syariah PT Bank Muamalat Indonesia Tbk PT Bank BCA Syariah 7.000 1.000 - 1.000 7.000 Sharia Third parties PT Bank BTPN Syariah PT Bank Muamalat Indonesia Tbk PT Bank BCA Syariah Pihak-pihak berelasi (Catatan 36) PT Bank BTN Syariah PT Bank BRI Syariah 11.000 1.000 11.000 1.000 Related parties (Note 36) PT Bank BTN Syariah PT Bank BRI Syariah Total 20.000 20.000 Total The annual profit sharing rate for sharia’s time deposit ranged from 4.00% - 8.50% in 2017 and 6.32% - 8.01% in 2016. Tingkat bagi hasil tahunan untuk deposito berjangka syariah berkisar antara 4,00% - 8,50% pada tahun 2017 dan 6,32% 8,01% pada tahun 2016. b. b. Obligasi/Sukuk pemerintah Government bonds/sukuk 31 Desember/December 31, 2017 2016 Dimiliki hingga jatuh tempo Asuransi jiwa Nilai nominal Diskonto yang belum diamortisasi 246.053 (7.108) 133.000 (3.685) Total 238.945 129.315 Held-to-maturity Life insurance Nominal value Unamortized discount Total 43 Annual Report 2017 | PT BNI Life Insurance 389
  390. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 5. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DEPOSITO BERJANGKA Akun ini merupakan penempatan berjangka pada bank-bank berikut: 5. TIME DEPOSITS This account represents time deposits placed with the following banks: deposito 31 Desember/December 31, 2017 Portofolio Perusahaan: Asuransi jiwa Syariah Portofolio unit link Total Asuransi jiwa Pihak ketiga Rupiah: PT Bank Tabungan Pensiunan Nasional Tbk PT Bank Jabar Banten Tbk PT Bank Woori Indonesia PT Bank Bukopin Tbk PT Bank DBS Indonesia Tbk PT Bank Mayapada International Tbk PT Bank Muamalat Indonesia Tbk PT Bank Artha Graha International PT Bank Victoria International Tbk PT Bank OCBC NISP Tbk PT Bank BJB Syariah PT Bank SulutGo PT Bank Bukopin Syariah PT Bank Panin Syariah PT Bank Maybank Indonesia PT Bank Victoria Syariah Dolar Amerika Serikat: PT Bank Jabar Banten Tbk 2016 676.892 111.700 394.120 970.673 123.700 421.402 Company’s portfolio: Life insurance Sharia Unit-link portfolio 1.182.712 1.515.775 Total 80.000 59.000 40.000 38.958 21.000 7.350 5.000 2.000 1.872 1.500 1.000 1.000 - 88.700 93.950 365.920 1.000 10.555 10.000 5.521 2.500 1.016 3.212 1.000 700 700 Life insurance Third parties Rupiah: PT Bank Tabungan Pensiunan Nasional Tbk PT Bank Jabar Banten Tbk PT Bank Woori Indonesia PT Bank Bukopin Tbk PT Bank DBS Indonesia Tbk PT Bank Mayapada International Tbk PT Bank Muamalat Indonesia Tbk PT Bank Artha Graha International PT Bank Victoria International Tbk PT Bank OCBC NISP Tbk PT Bank BJB Syariah PT Bank SulutGo PT Bank Bukopin Syariah PT Bank Panin Syariah PT Bank Maybank Indonesia PT Bank Victoria Syariah - 20.154 US Dollar: PT Bank Jabar Banten Tbk 258.680 604.928 Pihak-pihak berelasi (Catatan 36) Rupiah: PT Bank Negara Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Bank BNI Syariah PT Bank BRI Syariah PT Bank Syariah Mandiri PT BTN Syariah 189.019 61.305 58.000 37.813 - 153.500 67.152 18.000 7.000 28.219 5.000 900 40.292 Related parties (Note 36) Rupiah: PT Bank Negara Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Bank BNI Syariah PT Bank BRI Syariah PT Bank Syariah Mandiri PT BTN Syariah Dolar Amerika Serikat: PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk 60.966 11.109 45.682 - US Dollar: PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk 418.212 365.745 676.892 970.673 Total asuransi jiwa 44 390 PT BNI Life Insurance | Laporan Tahunan 2017 Total life insurance
  391. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 5. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DEPOSITO BERJANGKA (lanjutan) 5. TIME DEPOSITS (continued) 31 Desember/December 31, 2017 Link Pihak ketiga Rupiah: PT Bank DBS Indonesia Tbk PT Bank Bukopin Tbk PT Bank Jabar Banten Tbk PT Bank Mayapada International Tbk PT Bank Tabungan Pensiunan Nasional Tbk PT Bank Mega Tbk PT Bank SulutGo PT Bank Victoria International Tbk PT Bank Muamalat Indonesia Tbk PT Bank OCBC NISP Tbk PT Bank Nagari PT Bank DKI PT Bank J Trust Indonesia Tbk PT Bank BJB Syariah PT Bank Syariah Bukopin Pihak-pihak berelasi (Catatan 36) Rupiah: PT Bank Negara Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT BTN Syariah Total link Syariah Pihak ketiga Rupiah: PT Bank Syariah Bukopin PT Bank Muamalat Indonesia Tbk PT Bank BJB Syariah PT Bank Panin Syariah PT Bank BTPN Syariah PT Bank BCA Syariah PT Bank Permata Syariah Pihak-pihak berelasi (Catatan 36) Rupiah: PT Bank BNI Syariah PT Bank BRI Syariah PT Bank Syariah Mandiri PT Bank BTN Syariah Total syariah Total 2016 58.700 34.992 17.500 12.500 9.000 87.490 17.500 13.000 8.500 5.000 5.000 2.828 2.500 1.000 - 21.000 13.179 10.521 1.000 19.000 5.000 5.000 4.504 1.000 148.520 207.194 Link Third parties Rupiah: PT Bank DBS Indonesia Tbk PT Bank Bukopin Tbk PT Bank Jabar Banten Tbk PT Bank Mayapada International Tbk PT Bank Tabungan Pensiunan Nasional Tbk PT Bank Mega Tbk PT Bank SulutGo PT Bank Victoria International Tbk PT Bank Muamalat Indonesia Tbk PT Bank OCBC NISP Tbk PT Bank Nagari PT Bank DKI PT Bank J Trust Indonesia Tbk PT Bank BJB Syariah PT Bank Syariah Bukopin Related parties (Note 36) Rupiah: PT Bank Negara Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT BTN Syariah 228.600 17.000 - 212.500 1.708 245.600 214.208 394.120 421.402 Total link 32.400 16.400 9.500 6.500 3.000 2.000 1.000 10.900 6.400 19.500 10.700 12.000 3.500 14.500 Sharia Third parties Rupiah: PT Bank Syariah Bukopin PT Bank Muamalat Indonesia Tbk PT Bank BJB Syariah PT Bank Panin Syariah PT Bank BTPN Syariah PT Bank BCA Syariah PT Bank Permata Syariah 70.800 77.500 Related parties (Note 36) Rupiah: PT Bank BNI Syariah PT Bank BRI Syariah PT Bank Syariah Mandiri PT Bank BTN Syariah 26.250 7.050 5.600 2.000 24.550 7.050 5.600 9.000 40.900 46.200 111.700 123.700 Total sharia 1.182.712 1.515.775 Total 45 Annual Report 2017 | PT BNI Life Insurance 391
  392. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 5. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DEPOSITO BERJANGKA (lanjutan) 5. TIME DEPOSITS (continued) The annual interest rates of time deposits or annual profit sharing for sharia deposits ranged from: Suku bunga tahunan atau bagi hasil tahunan untuk syariah dari deposito berjangka berkisar antara: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Dolar Amerika Serikat Rupiah 6. 2016 0,70% - 1,75% 3,20% - 8,00% 0,05% - 1,00% 4,01% - 10,00% EFEK-EFEK 6. US Dollar Rupiah MARKETABLE SECURITIES This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 Portofolio Perusahaan Dimiliki hingga jatuh tempo/biaya diamortisasi: Asuransi jiwa Syariah Nilai wajar melalui laporan laba rugi: Asuransi jiwa Syariah Tersedia untuk dijual: Asuransi jiwa Syariah Portofolio unit link Dimiliki hingga jatuh tempo Nilai wajar melalui laporan laba rugi Tersedia untuk dijual Total Dimiliki hingga jatuh tempo: Obligasi Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan Nilai nominal Premi (diskonto) yang belum diamortisasi 2016 Company’s portfolio 2.308.450 44.201 3.567.839 224.848 449.044 116.107 2.620.710 80.635 2.193.232 9.215 101.174 - 5.011.807 393.769 4.235.538 282.554 13.123.221 9.638.341 Total 534.000 Held-to-maturity: Bonds Life insurance Third parties Rupiah: Corporate Bonds Nominal value 5.000 (62) 3.854 4.938 Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Nilai nominal Diskonto yang belum diamortisasi Obligasi Perusahaan Nilai nominal Premi yang belum diamortisasi PT BNI Life Insurance | Laporan Tahunan 2017 Fair value through profit or loss: Life insurance Sharia Available-for-sale: Life insurance Sharia Unit-linked portfolio Held-to-maturity Fair value through profit or loss Available-for-sale Unamortized premium (discount) 537.854 1.033.732 (31.138) 1.701.831 (36.933) 11.891 - 49.891 56 1.014.485 1.714.845 46 392 Held-to-maturity/amortized cost: Life insurance Sharia 1.062.271 60.168 Related parties (Note 36) Rupiah: Government Bonds Nominal value Unamortized discount Corporate Bonds Nominal value Unamortized premium
  393. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) 31 Desember/December 31, 2017 Dimiliki hingga jatuh tempo: (lanjutan) Obligasi (lanjutan) Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Dolar Amerika Serikat: Obligasi Pemerintah Nilai nominal Diskonto yang belum diamortisasi Obligasi Perusahaan Nilai nominal Premi (diskonto) yang belum diamortisasi Cadangan penurunan nilai atas investasi Total asuransi jiwa Link Pihak ketiga Rupiah: Obligasi Perusahaan Nilai nominal Premi yang belum diamortisasi Total link Syariah Pihak ketiga Rupiah: Obligasi Perusahaan Nilai nominal Premi yang belum diamortisasi 2016 47.103 (126) 47.026 (448) 6.729 20.154 33 (90) 53.739 66.642 (10.891) (10.891) 1.062.271 Held-to-maturity: (continued) Bonds (continued) Life insurance (continued) Related parties (Note 36) (continued) US Dollar: Government Bonds Nominal value Unamortized discount Corporate Bonds Nominal value Unamortized premium (discount) Allowance for impairment loss of investment 2.308.450 Total life insurance 97.000 4.174 - Link Third parties Rupiah: Corporate Bonds Nominal value Unamortized premium 101.174 - Total link 50.000 10 34.000 15 Sharia Third parties Rupiah: Corporate Bonds Nominal value Unamortized premium 50.010 34.015 Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Nilai nominal Premi yang belum diamortisasi 2.000 121 2.000 140 Related parties (Note 36) Rupiah: Government Bonds Nominal value Unamortized premium Obligasi Perusahaan Nilai nominal Premi yang belum diamortisasi 8.000 37 8.000 46 Corporate Bonds Nominal value Unamortized premium 10.158 10.186 60.168 44.201 Total sharia 1.223.613 2.352.651 Total held-to-maturity Total syariah Total dimiliki hingga jatuh tempo 47 Annual Report 2017 | PT BNI Life Insurance 393
  394. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) 31 Desember/December 31, 2017 Nilai wajar melalui laporan laba rugi: Reksadana Asuransi jiwa Rupiah: Pihak ketiga Pihak-pihak berelasi (Catatan 36) Dolar Amerika Serikat: Pihak ketiga Total asuransi jiwa 2016 473.436 203.475 458 17.000 Fair value through profit or loss: Mutual funds Life insurance Rupiah: Third parties Related parties (Note 36) 19.635 - US Dollar: Third parties 696.546 17.458 Total life insurance Link Rupiah: Pihak ketiga Pihak-pihak berelasi (Catatan 36) 2.332.748 677.288 1.790.353 506.814 Link Rupiah: Third parties Related parties (Note 36) Dolar Amerika Serikat: Pihak ketiga Pihak-pihak berelasi (Catatan 36) 31.338 - 24.762 US Dollar: Third parties Related parties (Note 36) 3.041.374 2.321.929 Total link Total link Syariah Rupiah: Pihak ketiga Pihak-pihak berelasi (Catatan 36) 100.483 4.273 14.223 3.520 Sharia Rupiah: Third parties Related parties (Note 36) Total syariah 104.756 17.743 Total sharia 3.842.676 2.357.130 Total mutual funds 211.140 Bonds Life insurance Third parties Rupiah: Corporate Bonds 185.142 700.134 8.927 77.013 Related parties (Note 36) Rupiah: Government Bonds Corporate Bonds 2.567.186 297.080 Total life insurance 1.471.987 Link Third parties Rupiah: Corporate Bonds 207.776 223.652 155.181 134.419 Related parties (Note 36) Rupiah: Government Bonds Corporate Bonds 1.853.746 1.761.587 Total link Total reksadana Obligasi Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Obligasi Perusahaan Total asuransi jiwa Link Pihak ketiga Rupiah: Obligasi Perusahaan Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Obligasi Perusahaan Total link 1.681.910 1.422.318 48 394 PT BNI Life Insurance | Laporan Tahunan 2017
  395. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) 31 Desember/December 31, 2017 Nilai wajar melalui laporan laba rugi: (lanjutan) Obligasi (lanjutan) Syariah Pihak ketiga Rupiah: Obligasi Perusahaan 2016 35.234 Fair value through profit or loss: (continued) Bonds (continued) Sharia Third parties Rupiah: Corporate Bonds 45.301 9.039 44.227 8.889 Related parties (Note 36) Rupiah: Government Bonds Corporate Bonds Total syariah 104.595 88.350 Total sharia Total obligasi 4.525.527 2.147.017 Total bonds Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Obligasi Perusahaan 50.255 Saham Asuransi jiwa Pihak ketiga Pihak-pihak berelasi (Catatan 36) 304.233 16.069 94.092 40.414 Shares Life insurance Third parties Related parties (Note 36) Total asuransi jiwa 320.302 134.506 Total life insurance 62.436 38.056 104.860 47.162 Link Third parties Related parties (Note 36) 100.492 152.022 Total link Syariah Pihak ketiga Pihak-pihak berelasi (Catatan 36) 15.497 - 7.642 2.372 Sharia Third parties Related parties (Note 36) Total syariah 15.497 10.014 Total sharia Total saham 436.291 296.542 Total shares 8.804.494 4.800.689 Total fair value through profit or loss 1.297.032 Available-for-sale: Bonds Life insurance Third parties Rupiah: Corporate Bonds 824.392 554.573 198.580 697.620 Related parties (Note 36) Rupiah: Government Bonds Corporate Bonds 2.620.710 2.193.232 Total life insurance Link Pihak ketiga Pihak-pihak berelasi (Catatan 36) Total link Total nilai wajar melalui laporan laba rugi Tersedia untuk dijual: Obligasi Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Obligasi Perusahaan Total asuransi jiwa 1.241.745 49 Annual Report 2017 | PT BNI Life Insurance 395
  396. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) 31 Desember/December 31, 2017 Tersedia untuk dijual: (lanjutan) Obligasi (lanjutan) Link Pihak ketiga Rupiah: Obligasi Perusahaan 2016 272.922 Available-for-sale: (continued) Bonds (continued) Link Third parties Rupiah: Corporate Bonds 10.500 37.069 9.632 Related parties (Note 36) Rupiah: Government Bonds Corporate Bonds 393.769 282.554 Total link 346.200 Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Obligasi Perusahaan Total link Syariah Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah Obligasi Perusahaan 72.460 8.175 9.215 - Sharia Related parties (Note 36) Rupiah: Government Bonds Corporate Bonds Total syariah 80.635 9.215 Total sharia 3.095.114 2.485.001 Total available-for-sale 13.123.221 9.638.341 Total Total tersedia untuk dijual Total Perusahaan telah membuat penyisihan 100% penurunan nilai atas investasi dalam bentuk Surat Utang Jangka Menengah yang diterbitkan oleh PT Djakarta Lloyd (Persero) dikarenakan penerbit Surat Utang tersebut tidak dapat melunasi kewajibannya. The Company has provided 100% allowance for impairment loss on investment in Medium Term Notes which was issued by PT Djakarta Lloyd (Persero) due to the issuer was not able to fullfil its obligation. a. a. Dimiliki hingga jatuh tempo Held-to-maturity The details of held-to-maturity as of December 31, 2017 and 2016, are as follows: Rincian aset keuangan yang dimiliki hingga jatuh tempo pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: 31 Desember/December 31, 2017 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Asuransi jiwa Pihak ketiga Rupiah Obligasi Perusahaan: Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 9,400% Pihak-pihak berelasi (Catatan 36) Rupiah Obligasi Pemerintah Seri FR0067 Seri FR0068 8,750% 8,375% Tanggal Jatuh Tempo/ Maturity Date 19 Desember/ December 2019 15 Februari/ February 2044 15 Maret/March 2034 Peringkat/ Rating*) AA+ - 4.938 525.300 486.227 510.318 471.094 *) Government bonds in Rupiah are unrated 50 PT BNI Life Insurance | Laporan Tahunan 2017 5.000 Nilai Tercatat/ Carrying Value Life insurance Third parties Rupiah Corporate Bonds: Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Related parties (Note 36) Rupiah Government Bonds *) Obligasi Pemerintah dalam Rupiah tidak diperingkat 396 Nilai Nominal/ Nominal Value Series FR0067 Series FR0068
  397. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) a. a. Dimiliki hingga jatuh tempo (lanjutan) Held-to-maturity (continued) 31 Desember/December 31, 2017 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah (lanjutan) Obligasi Pemerintah (lanjutan) Seri FR0048 Seri FR0046 Seri FR0050 9,000% 9,500% 10,500% Seri FR0047 10,000% Seri FR0040 11,000% Seri FR0036 11,500% Pihak-pihak berelasi (Catatan 36) Rupiah Obligasi Perusahaan Surat Utang Jangka Menengah PT Djakarta Lloyd (Persero) Obligasi XIII Perum Pegadaian Tahun 2009 Seri C Dolar Amerika Serikat Obligasi Pemerintah Eurobonds Indonesia, 2037 (US$2.500) Eurobonds Indonesia, 2038 (US$1.000) Obligasi Perusahaan Majapahit Holding BV (PLN 20) (US$500) Tanggal Jatuh Tempo/ Maturity Date 15 September/ September 2018 15 Juli/July 2023 15 Juli/July 2038 15 Februari/ February 2028 15 September/ September 2025 15 September/ September 2019 Peringkat/ Rating*) - 10.000 6.000 3.000 9.961 5.761 2.743 Series FR0048 Series FR0046 Series FR0050 - 2.000 1.503 Series FR0047 - 705 719 Series FR0040 - 500 495 Series FR0036 1.033.732 1.002.594 Related parties (Note 36) 16,000% 6 Oktober/ Oktober 2007 - 12,875% 1 Juli/July 2019 AAA 6,625% 7,750% 7,750% 17 Februari February 2037 17 Januari/ January 2038 20 Januari/ January 2020 10.891 1.000 1.000 11.891 11.891 BBB 33.870 33.475 13.548 13.502 47.418 46.977 AAA 6.774 6.762 1.099.815 1.068.224 Total related parties 1.093.924 0,050% 9,600% 17 Maret/March 2014 11 Juli/July 2020 A+ A *) Obligasi Pemerintah dalam Rupiah tidak diperingkat US Dollar Government Bonds Eurobonds Indonesia, 2037 (US$2,500) Eurobonds Indonesia, 2038 (US$1,000) Corporate Bonds Majapahit Holding BV (PLN 20) (US$500) (10.891) Total asuransi jiwa Rupiah Corporate Bonds Medium Term Notes PT Djakarta Lloyd (Persero) Obligasi XIII Perum Pegadaian Tahun 2009 Seri C 10.891 BBB Cadangan penurunan nilai atas investasi Syariah Pihak ketiga Rupiah Obligasi Perusahaan MTN Syariah Mudharabah I Bank Jambi Tahun 2017 Nilai Tercatat/ Carrying Value Life insurance (continued) Related parties (Note 36) (continued) Rupiah (continued) Government Bonds (continued) Total pihak-pihak berelasi Link Pihak ketiga Rupiah Obligasi Perusahaan Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 Nilai Nominal/ Nominal Value 97.000 20.000 Allowance for impairment loss of investment (10.891 ) 1.062.271 Total life insurance 101.174 Link Third parties Rupiah Corporate Bonds Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 20.000 Sharia Third parties Rupiah Corporate Bonds MTN Syariah Mudharabah I Bank Jambi Tahun 2017 *) Government bonds in Rupiah are unrated 51 Annual Report 2017 | PT BNI Life Insurance 397
  398. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) a. a. Dimiliki hingga jatuh tempo (lanjutan) Held-to-maturity (continued) 31 Desember/December 31, 2017 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Syariah (lanjutan) Pihak ketiga (lanjutan) Rupiah (lanjutan) Obligasi Perusahaan (lanjutan) Sukuk Ijarah Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Sukuk Ijarah Indosat V Tahun 2012 Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D Tanggal Jatuh Tempo/ Maturity Date Peringkat/ Rating*) Nilai Nominal/ Nominal Value Nilai Tercatat/ Carrying Value Sharia (continued) Third parties (continued) Rupiah (continued) 11,500% 10 Oktober/ October 2019 A+ 15.000 15.000 10,250% 2 Desember/ December 2018 AAA 8.000 8.000 8,625% 27 Juni/June 2019 AAA 4.000 4.010 10,250% 4 Juni/June 2022 AAA 3.000 3.000 Corporate Bonds (continued) Sukuk Ijarah Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Sukuk Ijarah Indosat V Tahun 2012 Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D 50.000 50.010 Total third parties Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah Obligasi Pemerintah SBSN Seri IFR-0007 10,250% Obligasi Perusahaan Sukuk Mudharabah Bank BNI Syariah I Tahun 2015 Sukuk Ijarah PLN V Tahun 2010 Seri B Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Sukuk Ijarah PLN IV Tahun 2010 Seri B Related parties (Note 36) Rupiah Government Bonds 15 Januari/ January 2025 - 2.000 2.121 SBSN Series IFR-0007 9,000% 26 Mei/May 2018 AA+ 4.000 4.000 10,400% 8 Juli/July 2022 AAA 2.000 2.037 16 November/ November 2023 12 Januari/ January 2020 A+ 1.000 1.000 AAA 1.000 1.000 Corporate Bonds Sukuk Mudharabah Bank BNI Syariah I Tahun 2015 Sukuk Ijarah PLN V Tahun 2010 Seri B Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Sukuk Ijarah PLN IV Tahun 2010 Seri B Total pihak-pihak berelasi 10.000 10.158 Total related parties Total syariah 60.000 60.168 Total sharia 1.250.924 1.223.613 Total held-to-maturity 9,250% 12,550% Total dimiliki hingga jatuh tempo 31 Desember/December 31, 2016 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Asuransi jiwa Pihak ketiga Rupiah Obligasi Perusahaan Obligasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 Obligasi Berkelanjutan II Bumi Serpong Damai Tahap I Tahun 2016 Seri A Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri B Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Tanggal Jatuh Tempo/ Maturity Date Peringkat/ Rating 28 Juni/June 2021 AA 200.000 200.319 9,000% 16 Juni/June 2021 AA- 150.000 150.240 9,350% 13 April/April 2021 AA+ 40.000 40.064 12,000% 24 Desember/ December 2020 AA+ 30.000 32.189 8,000% 31 Oktober/ October 2017 AAA 30.000 30.300 10,500% 12 Desember/ December 2021 AAA 20.000 20.052 *) Government bonds in Rupiah are unrated 52 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value 9,150% *) Obligasi Pemerintah dalam Rupiah tidak diperingkat 398 Nilai Nominal/ Nominal Value Life insurance Third parties Rupiah Corporate Bonds Obligasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 Obligasi Berkelanjutan II Bumi Serpong Damai Tahap I Tahun 2016 Seri A Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri B Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C
  399. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) a. Held-to-maturity (continued) a. Dimiliki hingga jatuh tempo (lanjutan) 31 Desember/December 31, 2016 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Asuransi jiwa (lanjutan) Pihak ketiga (lanjutan) Rupiah (lanjutan) Obligasi Perusahaan (lanjutan) Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Bank BTPN Tahap II Tahun 2012 Seri B Obligasi Subordinasi Bank Panin Tahap III Tahun 2010 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Bank CIMB Niaga Tahap I Tahun 2012 Seri B Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Tanggal Jatuh Tempo/ Maturity Date Peringkat/ Rating*) Nilai Tercatat/ Carrying Value Life insurance (continued) Third parties (continued) Rupiah (continued) 3.000 3.052 Corporate Bonds (continued) Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Bank BTPN Tahap II Tahun 2012 Seri B Obligasi Subordinasi Bank Panin Tahap III Tahun 2010 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Bank CIMB Niaga Tahap I Tahun 2012 Seri B Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 534.000 537.854 Total third parties 8,800% 3 November/ November 2021 AA+ 20.000 20.004 8,250% 3 Agustus/ August 2017 AAA 15.000 15.168 10,500% 9 November/ November 2017 AA- 10.000 10.101 10,850% 23 Desember/ December 2020 AA 6.000 6.420 7,750% 30 Oktober/ October 2017 AAA 5.000 5.034 9,400% 19 Desember/ December 2019 AA+ 5.000 4.911 10,000% 6 Desember/ December 2018 AA+ Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah Obligasi Pemerintah Seri FR0067 Seri FR0068 Seri FR0072 Seri FR0058 Seri FR0064 Seri FR0062 Nilai Nominal/ Nominal Value 8,750% 8,375% 8,250% 8,250% 6,130% 6,375% Seri FR0044 10,000% Seri FR0031 Seri FR0071 Seri FR0070 Seri FR0042 Seri FR0046 Seri FR0028 11,000% 9,000% 8,375% 10,250% 9,500% 10,000% Seri FR0040 11,000% Seri FR0052 10,500% Seri FR0048 Seri FR0043 Seri FR0057 Seri FR0054 9,000% 10,250% 9,500% 9,500% Seri FR0047 Seri FR0069 Seri FR0065 10,000% 7,875% 6,625% Seri FR0056 Seri FR0050 8,375% 10,500% Seri FR0036 11,500% 15 Februari/ February 2044 15 Maret/March 2034 15 Mei/May 2036 15 Juni/June 2032 15 Mei/May 2028 15 April/April 2042 15 September/ September 2024 15 November/ November 2020 15 Maret/March 2029 15 Maret/March 2024 15 Juli/July 2027 15 Juli/July 2023 15 Juli/July 2017 15 September/ September 2025 15 Agustus/ August 2030 15 September/ September 2018 15 Juli/July 2022 15 Mei/May 2041 15 Juli/July 2031 15 Februari/ February 2028 15 April/April 2019 15 Mei/May 2033 15 September/ September 2026 15 Juli/July 2038 15 September/ September 2019 Related parties (Note 36) Rupiah Government Bonds - 645.300 569.227 130.000 54.594 50.000 28.952 628.056 551.089 123.418 63.821 40.175 29.426 Series FR0067 Series FR0068 Series FR0072 Series FR0058 Series FR0064 Series FR0062 - 29.789 28.601 Series FR0044 - 27.000 20.000 20.000 20.000 21.000 13.000 26.400 22.998 21.725 20.100 19.834 12.981 Series FR0031 Series FR0071 Series FR0070 Series FR0042 Series FR0046 Series FR0028 - 10.705 11.073 Series FR0040 - 9.000 10.678 Series FR0052 - 10.000 10.000 5.000 5.000 9.918 9.674 6.590 6.497 Series FR0048 Series FR0043 Series FR0057 Series FR0054 - 7.000 4.264 5.000 5.985 4.245 4.218 Series FR0047 Series FR0069 Series FR0065 - 3.500 3.000 4.163 2.740 Series FR0056 Series FR0050 500 493 Series FR0036 1.701.831 1.664.898 - *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated 53 Annual Report 2017 | PT BNI Life Insurance 399
  400. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) a. Held-to-maturity (continued) a. Dimiliki hingga jatuh tempo (lanjutan) 31 Desember/December 31, 2016 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah (lanjutan) Obligasi Perusahaan Obligasi Berkelanjutan II Mandiri Tunas Finance Tahap II Tahun 2016 Seri B Surat Utang Jangka Menengah PT Djakarta Lloyd (Persero) Obligasi I PTPN X Tahun 2013 Obligasi XIII Perum Pegadaian Tahun 2009 Seri B Obligasi XIII Perum Pegadaian Tahun 2009 Seri C Dolar Amerika Serikat Obligasi Pemerintah Eurobonds Indonesia, 2037 (US$2.500) Eurobonds Indonesia, 2038 (US$1.000) Obligasi Perusahaan Majapahit Holding BV (PLN 17) (US$1.000) Majapahit Holding BV (PLN 20) (US$500) 9,250% Tanggal Jatuh Tempo/ Maturity Date Peringkat/ Rating AA+ 35.000 35.056 16,000% 8,900% BBB+ 10.891 2.000 10.891 2.000 12,650% 1 Juli/July 2017 AA+ 1.000 1.000 12,875% 1 Juli/July 2019 AA+ 6,625% 7,750% 7,250% 7,750% 17 Februari/ February 2037 17 Januari/ January 2038 28 Juni/ June 2017 20 Januari/ January 2020 1.000 49.947 33.590 33.188 BBB 13.436 13.390 47.026 46.578 BBB 13.436 13.363 BBB 6.718 6.701 20.154 20.064 1.818.902 1.781.487 (10.891) Total asuransi jiwa 2.342.011 (10.891 ) 2.308.450 10 Oktober/ October 2019 A+ AAA 8.000 8.000 8,625% 2 Desember/ December 2018 27 Juni/ June 2019 AAA 4.000 4.015 8,250% 29 Juni/ June 2022 A- 4.000 4.000 10,250% 4 Juni/ June 2022 AAA 11,500% 10,250% Total pihak ketiga 54 PT BNI Life Insurance | Laporan Tahunan 2017 1.000 49.891 BBB Cadangan penurunan nilai atas investasi 400 Nilai Tercatat/ Carrying Value 1 Juni/June 2021 6 Oktober/ October 2007 5 Juli/July 2018 Total pihak-pihak berelasi Syariah Pihak ketiga Rupiah Obligasi Perusahaan Sukuk Ijarah Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Sukuk Ijarah Indosat V Tahun 2012 Sukuk Subordinasi Mudharabah Berkelanjutan I Tahap I Bank Muamalat Tahun 2012 Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D Nilai Nominal/ Nominal Value 15.000 15.000 3.000 3.000 34.000 34.015 Life insurance (continued) Related parties (Note 36) (continued) Rupiah (continued) Corporate Bonds Obligasi Berkelanjutan II Mandiri Tunas Finance Tahap II Tahun 2016 Seri B Medium Term Notes PT Djakarta Lloyd (Persero) Obligasi I PTPN X Tahun 2013 Obligasi XIII Perum Pegadaian Tahun 2009 Seri B Obligasi XIII Perum Pegadaian Tahun 2009 Seri C US Dollar Government Bonds Eurobonds Indonesia, 2037 (US$2,500) Eurobonds Indonesia, 2038 (US$1,000) Corporate Bonds Majapahit Holding BV (PLN 17) (US$1,000) Majapahit Holding BV (PLN 20) (US$500) Total related parties Allowance for impairment loss of investment Total life insurance Sharia Third parties Rupiah Corporate Bonds Sukuk Ijarah Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Series B Sukuk Ijarah Indosat V Tahun 2012 Sukuk Subordinasi Mudharabah Berkelanjutan I Tahap I Bank Muamalat Tahun 2012 Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D Total third parties
  401. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) a. a. Dimiliki hingga jatuh tempo (lanjutan) Held-to-maturity (continued) 31 Desember/December 31, 2016 Tingkat Bunga atau Bagi Hasil/ Interest Rate or Profit Sharing Syariah (lanjutan) Pihak-pihak berelasi (Catatan 36) Rupiah Obligasi Pemerintah SBSN Seri I FR0007 Obligasi Perusahaan Sukuk Mudharabah Bank BNI Syariah I Tahun 2015 Sukuk Ijarah PLN V Tahun 2010 Seri B Sukuk Ijarah PLN IV Tahun 2010 Seri B Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Tanggal Jatuh Tempo/ Maturity Date Peringkat/ Rating*) Nilai Nominal/ Nominal Value Sharia (continued) 10,250% Related Parties (Note 36) Rupiah Government Bonds 15 Januari/ January 2025 - 2.000 2.140 SBSN Series I FR0007 AAA 2.000 2.046 12,550% 26 Mei/ May 2018 8 July/ July 2022 12 Januari/ January 2020 AAA 1.000 1.000 9,250% 16 November/ November 2023 A+ 1.000 1.000 Corporate Bonds Sukuk Mudharabah Bank BNI Syariah I Tahun 2015 Sukuk Ijarah PLN V Tahun 2010 Series B Sukuk Ijarah PLN IV Tahun 2010 Series B Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 9,000% 10,400% AA+ 4.000 4.000 Total pihak-pihak berelasi 10.000 10.186 Total related parties Total syariah 44.000 44.201 Total sharia 2.386.011 2.352.651 Total held-to-maturity Total dimiliki hingga jatuh tempo b. Nilai Tercatat/ Carrying Value *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated Aset keuangan yang dimiliki hingga jatuh tempo terdiri dari obligasi dalam mata uang Rupiah dan Dolar Amerika Serikat. Tingkat bunga tetap tahunan atau bagi hasil tahunan untuk syariah dari obligasi dalam mata uang Rupiah masingmasing berkisar antara 7,50% - 12,55% pada tahun 2017 dan 8,26% - 12,55% pada tahun 2016. Sedangkan, tingkat bunga tetap tahunan dari obligasi dalam mata uang Dolar Amerika Serikat masing-masing berkisar antara 6,63% 7,75% pada tahun 2017 dan 2016. Held-to-maturity financial assets consist of bonds denominated in Rupiah and United States Dollar currency. Annual fixed interest rate or annual profit sharing for sharia bonds denominated in Rupiah currency ranged from 7.50% - 12.55% in 2017 and 8.26% - 12.55% in 2016, respectively. While, annual fixed interest rate of bonds denominated in United States Dollar currency ranged from 6.63% - 7.75% in 2017 and 2016. b. Reksadana Mutual Funds The details of mutual funds classified as fair value through profit or loss are consist of: Rincian reksadana yang diklasifikasikan sebagai nilai wajar melalui laporan laba rugi adalah sebagai berikut: 31 Desember/December 31, 2017 Asuransi jiwa Rupiah: Pihak ketiga RD Panin Dana Likuid RD SAM Dana Kas RD SAM Beta Plus Equity Fund RD Batavia Dana Kas Maxima RD Insight Money RD HPAM Ultima Ekuitas 1 2016 100.593 100.508 90.692 64.608 50.958 45.578 - Life insurance Rupiah: Third parties RD Panin Dana Likuid RD SAM Dana Kas RD SAM Beta Plus Equity Fund RD Batavia Dana Kas Maxima RD Insight Money RD HPAM Ultima Ekuitas 1 55 Annual Report 2017 | PT BNI Life Insurance 401
  402. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) b. 6. MARKETABLE SECURITIES (continued) b. Reksadana (lanjutan) Mutual Funds (continued) 31 Desember/December 31, 2017 Asuransi jiwa (lanjutan) Rupiah: (lanjutan) Pihak ketiga (lanjutan) RD CIMB Principal Cash Fund RD Ashmore Dana Progresif Nusantara Pihak-pihak berelasi (Catatan 36) RD BNI-AM Dana Likuid RD BNI-AM Dana Saham Pasopati RDPT PNM Pembiayaan Mikro BUMN 2017 RD BNI-AM Dana Pendapatan Tetap Makara RD BNI-AM UGM Progressive Balanced RD BNI-AM Dana Berbunga Tiga Dolar Amerika Serikat: Pihak ketiga Schroder Global Sharia Equity Fund Total asuransi jiwa Link Rupiah: Pihak ketiga RD Panin IDX30 RD HPAM Ultima Ekuitas 1 RD Ashmore Dana Ekuitas Nusantara RD Insight Generate Balanced Fund RD Syailendra Index IDX30 RD Batavia Dana Saham RD Insight Renewable Energy Fund RD Ashmore Dana Progresif Nusantara RD Insight Money Syariah Panin Dana Prima - Agresif Panin Dana Beta One SAM Indonesian Equity Fund RD Schroder Dana Prestasi RD Panin Dana Maxima Panin Dana Infrastruktur Bertumbuh RD Schroder Dana Terpadu II Pihak-pihak berelasi (Catatan 36) RD BNI-AM Indeks IDX30 RDPT PNM Pembiayaan Mikro BUMN 2017 2016 20.000 - Life insurance (continued) Rupiah: (continued) Third parties (continued) RD CIMB Principal Cash Fund 499 458 RD Ashmore Dana Progresif Nusantara 473.436 458 101.575 51.432 1.020 - 50.468 - - 10.000 Related parties (Note 36) RD BNI-AM Dana Likuid RD BNI-AM Dana Saham Pasopati RDPT PNM Pembiayaan Mikro BUMN 2017 RD BNI-AM Dana Pendapatan Tetap Makara - 5.491 489 RD BNI-AM UGM Progressive Balanced RD BNI-AM Dana Berbunga Tiga 203.475 17.000 19.635 - US Dollar: Third parties Schroder Global Sharia Equity Fund 696.546 17.458 Total life insurance 662.266 581.719 450.515 301.204 225.600 51.198 39.080 293.183 352.952 - Link Rupiah: Third parties RD Panin IDX30 RD HPAM Ultima Ekuitas 1 RD Ashmore Dana Ekuitas Nusantara RD Insight Generate Balanced Fund RD Syailendra Index IDX30 RD Batavia Dana Saham RD Insight Renewable Energy Fund 14.164 2.558 2.234 2.210 - 12.441 2.000 318.403 312.293 280.351 200.536 18.194 RD Ashmore Dana Progresif Nusantara RD Insight Money Syariah Panin Dana Prima - Agresif Panin Dana Beta One SAM Indonesian Equity Fund RD Schroder Dana Prestasi RD Panin Dana Maxima Panin Dana Infrastruktur Bertumbuh RD Schroder Dana Terpadu II 2.332.748 1.790.353 667.184 - 10.093 - 56 402 PT BNI Life Insurance | Laporan Tahunan 2017 Related parties (Note 36) RD BNI-AM Indeks IDX30 RDPT PNM Pembiayaan Mikro BUMN 2017
  403. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) b. 6. MARKETABLE SECURITIES (continued) b. Reksadana (lanjutan) Mutual Funds (continued) 31 Desember/December 31, 2017 Link (lanjutan) Rupiah: (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) RD BNI-AM Dana Likuid RD BNI-AM Dana Saham Inspiring Equity Fund RD BNI-AM Dana Berbunga Tiga RD Danareksa Mawar Dolar Amerika Serikat: Pihak ketiga RD Danareksa Melati Premium Dollar Schroder Global Sharia Equity Fund Total link Syariah Pihak ketiga RD Insight Money Syariah - DPI RD Trim Syariah Berimbang - UL RD Danareksa Syariah Berimbang - UL RD Sam Sukuk Syariah Sejahtera - DPI RD Panin Dana Syariah Berimbang - DPS RD Panin Dana Syariah Berimbang - UL RD Danareksa Syariah Berimbang - DPS RD Danareksa Syariah Berimbang - KPK RD Sam Sukuk Syariah Sejahtera - DPS RD I - Hajj Syariah Fund - KPK RD Trim Syariah Saham - KPK RD Insight Money Syariah - KPK RD I - Hajj Syariah Fund - DPS RD Schroder Syariah Balanced Fund - DPS RD Schroder Syariah Balanced Fund - KPK RD SAM Syariah Berimbang - UL RD Trim Syariah Saham - DPI RD Trim Syariah Berimbang - DPI RD CIMB Principal Equity Growth - DPI RD CIMB Principal Equity Growth - KPK 2016 Link (continued) Rupiah: (continued) 11 10 - 483.348 18.199 5.257 677.288 506.814 Related parties (Note 36) (continued) RD BNI-AM Dana Likuid RD BNI-AM Dana Saham Inspiring Equity Fund RD BNI-AM Dana Berbunga Tiga RD Danareksa Mawar US Dollar: Third parties RD Danareksa Melati Premium Dollar Schroder Global Sharia Equity Fund 22.131 9.207 24.762 - 31.338 24.762 3.041.374 2.321.929 Total link 18.057 12.690 - Sharia Third parties RD Insight Money Syariah - DPI RD Trim Syariah Berimbang - UL 11.456 - RD Danareksa Syariah Berimbang - UL 10.010 3.590 RD Sam Sukuk Syariah Sejahtera - DPI 9.748 - RD Panin Dana Syariah Berimbang - DPS 6.859 - RD Panin Dana Syariah Berimbang - UL 6.083 - RD Danareksa Syariah Berimbang - DPS 5.142 - RD Danareksa Syariah Berimbang - KPK 3.995 3.760 3.151 2.208 2.053 3.430 794 1.873 RD Sam Sukuk Syariah Sejahtera - DPS RD I - Hajj Syariah Fund - KPK RD Trim Syariah Saham - KPK RD Insight Money Syariah - KPK RD I - Hajj Syariah Fund - DPS 1.180 1.108 RD Schroder Syariah Balanced Fund - DPS 1.150 1.092 604 503 1.079 486 RD Schroder Syariah Balanced Fund - KPK RD SAM Syariah Berimbang - UL RD Trim Syariah Saham - DPI RD Trim Syariah Berimbang - DPI 480 480 RD CIMB Principal Equity Growth - DPI 262 261 RD CIMB Principal Equity Growth - KPK 57 Annual Report 2017 | PT BNI Life Insurance 403
  404. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) b. 6. MARKETABLE SECURITIES (continued) b. Reksadana (lanjutan) Mutual Funds (continued) 31 Desember/December 31, 2017 2016 Syariah (lanjutan) Pihak ketiga (lanjutan) RD BNP Paribas Pesona Amanah - KPK RD Panin Dana Syariah Saham - KPK Sharia (continued) Third parties (continued) Pihak-pihak berelasi (Catatan 36) RD BNI-AM Ardhani Pendapatan Tetap Syariah - DPS RD Mandiri Investa Dana Syariah - UL RD PNM Amanah Syariah - UL RD BNI-AM Dana Saham Syariah - DPS RD BNI Dana Dompet Dhuafa - DPS RD BNI Dana Syariah - DPI RD BNI Dana Syariah - KPK RD BNI Dana Syariah - DPS Total syariah Total reksadana c. - 575 RD BNP Paribas Pesona Amanah - KPK - 547 RD Panin Dana Syariah Saham - KPK 100.483 14.223 Related parties (Note 36) RD BNI-AM Ardhani Pendapatan Tetap Syariah - DPS RD Mandiri Investa Dana Syariah - UL RD PNM Amanah Syariah - UL RD BNI-AM Dana Saham Syariah - DPS RD BNI Dana Dompet Dhuafa - DPS RD BNI Dana Syariah - DPI RD BNI Dana Syariah - KPK RD BNI Dana Syariah - DPS 2.123 892 790 - 468 - 1.152 1.061 849 458 4.273 3.520 104.756 17.743 Total sharia 3.842.676 2.357.130 Total mutual funds c. Nilai wajar melalui laporan laba rugi Fair value through profit or loss The details of financial assets classified as fair value through profit or loss as of December 31, 2017 and 2016 are as follows: Rincian aset keuangan diklasifikasikan sebagai nilai wajar melalui laporan laba rugi pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: 31 Desember/December 31, 2017 Peringkat/ Rating Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan: Obligasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap II Tahun 2017 Obligasi Berkelanjutan Japfa Tahap II Tahun 2017 Obligasi Berkelanjutan II Bumi Serpong Damai Tahap I Tahun 2016 Seri A Obligasi Berkelanjutan II Bank Panin Tahap II Tahun 2016 Nilai Nominal/ Nominal Amount AA 240.000 252.099 A- 164.358 177.066 AA- 150.000 157.345 AA- 150.000 156.450 AA 100.000 103.749 58 404 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Life insurance Third parties Rupiah: Corporate Bonds: Obligasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap II Tahun 2017 Obligasi Berkelanjutan Japfa Tahap II Tahun 2017 Obligasi Berkelanjutan II Bumi Serpong Damai Tahap I Tahun 2016 Seri A Obligasi Berkelanjutan II Bank Panin Tahap II Tahun 2016
  405. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Asuransi jiwa (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap I Tahun 2015 Obligasi I Bank UOB Indonesia Tahun 2015 Seri C Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan III Adira Finance Tahap III Tahun 2016 Seri C Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Subordinasi Berkelanjutan II Bank Maybank Indonesia Tahap II Tahun 2016 Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Berkelanjutan I Mitra Adiperkasa Tahap II Tahun 2014 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri C Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2017 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Berkelanjutan I Mitra Adiperkasa Tahap III Tahun 2014 Seri B Nilai Nominal/ Nominal Amount Nilai Tercatat/ Carrying Value A- 77.000 84.894 AAA 70.000 74.327 AA 67.891 73.316 AAA 59.858 65.010 AA+ 61.026 61.542 AA+ 42.358 47.717 AA+ 44.002 45.301 AA 40.000 42.804 AAA 38.500 39.997 AA 38.721 39.338 AA- 63.216 28.377 AAA 22.943 25.292 A 24.404 25.229 AA+ 23.985 24.525 AA 20.000 21.436 AA+ 20.000 20.934 AAA 13.611 15.666 AA 14.715 15.470 AA+ 12.311 12.750 AA- 11.000 11.641 Life insurance (continued) Third parties (continued) Rupiah: (continued) Corporate Bonds: (continued) Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap I Tahun 2015 Obligasi I Bank UOB Indonesia Tahun 2015 Seri C Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan III Adira Finance Tahap III Tahun 2016 Seri C Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Subordinasi Berkelanjutan II Bank Maybank Indonesia Tahap II Tahun 2016 Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Berkelanjutan I Mitra Adiperkasa Tahap II Tahun 2014 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri C Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2017 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Berkelanjutan I Mitra Adiperkasa Tahap III Tahun 2014 Seri B 59 Annual Report 2017 | PT BNI Life Insurance 405
  406. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating*) Asuransi jiwa (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan I Summarecon Agung Tahap I Tahun 2013 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri A Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi Subordinasi I Bank Sumut Tahun 2011 Obligasi Berkelanjutan I Bank CIMB Niaga Tahap II Tahun 2013 Seri C Obligasi V Bank Sulut Tahun 2014 Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 10.441 AAA 10.000 10.245 AA+ 6.000 6.369 A+ 4.473 4.689 AAA 4.000 4.052 AA+ 3.679 3.774 AA- 3.557 3.718 A 3.427 3.479 A- 3.198 3.255 AAA 3.000 3.082 A 2.419 2.547 AA 2.207 2.461 AA+ 1.472 1.523 1.627.331 1.681.910 Total third parties 48.273 38.952 23.153 18.394 15.053 7.358 5.000 3.500 3.000 3.679 57.393 38.378 24.432 20.657 17.398 8.608 6.526 4.096 4.057 3.597 Related parties (Note 36) Rupiah: Government Bonds: Series FR0058 Series FR0062 Series FR0059 Series FR0072 Series FR0067 Series FR0073 Series FR0057 Series FR0056 Series FR0052 Series FR0064 166.362 185.142 - *) Government bonds in Rupiah are unrated 60 PT BNI Life Insurance | Laporan Tahunan 2017 Life insurance (continued) Third parties (continued) Rupiah: (continued) Corporate Bonds: (continued) Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan I Summarecon Agung Tahap I Tahun 2013 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri A Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi Subordinasi I Bank Sumut Tahun 2011 Obligasi Berkelanjutan I Bank CIMB Niaga Tahap II Tahun 2013 Seri C Obligasi V Bank Sulut Tahun 2014 Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 10.000 *) Obligasi Pemerintah dalam Rupiah tidak diperingkat 406 Nilai Tercatat/ Carrying Value AA Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri FR0058 Seri FR0062 Seri FR0059 Seri FR0072 Seri FR0067 Seri FR0073 Seri FR0057 Seri FR0056 Seri FR0052 Seri FR0064 Nilai Nominal/ Nominal Amount
  407. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A MTN PT PNM (Persero) Obligasi Berkelanjutan II PNM Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan II Mandiri Tunas Finance Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan III Bank BTN Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan II PNM Tahap I Tahun 2017 Seri B Obligasi II PNM Tahun 2013 Obligasi PLN XII Tahun 2010 Seri B Obligasi XIV Bank BTN Tahun 2010 Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Obligasi XV Bank BTN Tahun 2011 Sukuk Ijarah Berkelanjutan I Timah Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan I Bank BTN Tahap I Tahun 2012 Obligasi Berkelanjutan Indonesia Eximbank I Tahap I Tahun 2011 Seri C Obligasi Berkelanjutan I Bank Mandiri Tahap II Tahun 2016 Seri C Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri C Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C Obligasi Berkelanjutan I BNI Tahap I Tahun 2017 Total pihak-pihak berelasi Total asuransi jiwa Nilai Nominal/ Nominal Amount Nilai Tercatat/ Carrying Value Life insurance (continued) Related parties (Note 36) (continued) Rupiah: (continued) Corporate Bonds: Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A MTN PT PNM (Persero) Obligasi Berkelanjutan II PNM Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan II Mandiri Tunas Finance Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan III Bank BTN Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan II PNM Tahap I Tahun 2017 Seri B Obligasi II PNM Tahun 2013 Obligasi PLN XII Tahun 2010 Seri B Obligasi XIV Bank BTN Tahun 2010 Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Obligasi XV Bank BTN Tahun 2011 Sukuk Ijarah Berkelanjutan I Timah Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan I Bank BTN Tahap I Tahun 2012 Obligasi Berkelanjutan Indonesia Eximbank I Tahap I Tahun 2011 Seri C Obligasi Berkelanjutan I Bank Mandiri Tahap II Tahun 2016 Seri C Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri C Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C Obligasi Berkelanjutan I BNI Tahap I Tahun 2017 A 140.000 142.364 A 139.000 114.667 142.202 114.665 A 58.667 58.667 AA+ 50.000 52.625 AA 30.000 30.919 A 30.000 30.048 A 26.667 26.667 AAA 15.000 16.587 AA 12.000 12.635 A- 11.000 11.321 AA 10.000 10.342 A+ 9.565 9.965 AA 9.000 9.185 AAA 7.358 7.559 AAA 7.358 7.704 AA 5.000 5.346 AA 5.000 5.320 AAA 3.472 3.671 AAA 2.207 2.342 685.961 700.134 852.323 885.276 Total related parties 2.479.654 2.567.186 Total life insurance 61 Annual Report 2017 | PT BNI Life Insurance 407
  408. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Link Pihak ketiga Rupiah: Obligasi Perusahaan: Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Berkelanjutan III Adira Finance Tahap III Tahun 2016 Seri C Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan I Mitra Adiperkasa Tahap II Tahun 2014 Seri B Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Summarecon Agung Tahap I Tahun 2013 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank BJB Tahap I Tahun 2017 Seri B Obligasi Subordinasi I Bank Sumut Tahun 2011 Obligasi V Bank Sulut Tahun 2014 Obligasi II Bank Maluku Malut Tahun 2017 Seri C Obligasi IV Bank Lampung Tahun 2017 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap II Tahun 2017 Nilai Nominal/ Nominal Amount AA 320.779 325.884 AA+ 166.715 170.513 AAA 138.042 148.725 AAA 135.000 139.320 AA+ 126.498 130.232 A 74.988 118.361 AA+ 74.776 77.154 AA+ 72.689 74.871 AA- 53.216 53.631 AA 25.109 26.908 A+ 4.473 24.667 AA- 3.557 22.410 A 18.573 18.856 A 18.500 18.630 A- 16.802 17.100 A 2.419 15.352 A 7.000 7.048 A- 6.000 6.169 AAA 4.889 5.627 AA 5.285 5.556 62 408 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Link Third parties Rupiah: Corporate Bonds: Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Berkelanjutan III Adira Finance Tahap III Tahun 2016 Seri C Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan I Mitra Adiperkasa Tahap II Tahun 2014 Seri B Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Summarecon Agung Tahap I Tahun 2013 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank BJB Tahap I Tahun 2017 Seri B Obligasi Subordinasi I Bank Sumut Tahun 2011 Obligasi V Bank Sulut Tahun 2014 Obligasi II Bank Maluku Malut Tahun 2017 Seri C Obligasi IV Bank Lampung Tahun 2017 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap II Tahun 2017
  409. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating*) Link (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap II Tahun 2017 Obligasi Berkelanjutan I Maybank Finance Tahap III 2016 Seri A Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Obligasi Perusahaan: Obligasi Berkelanjutan I Waskita Karya Tahap II Tahun 2015 Seri A Obligasi Berkelanjutan I Bank Mandiri Tahap II Tahun 2016 Seri C Obligasi Berkelanjutan I BNI Tahap I Tahun 2017 Obligasi Berkelanjutan II Waskita Karya Tahap III Tahun 2017 Seri B Nilai Tercatat/ Carrying Value Link (continued) Third parties (continued) Rupiah: (continued) AA 5.000 5.495 AA+ 2.642 2.977 A- 2.642 2.865 AA+ 1.321 1.356 AAA 1.057 1.180 AA 793 884 AA+ 528 547 Corporate Bonds: (continued) Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap II Tahun 2017 Obligasi Berkelanjutan I Maybank Finance Tahap III 2016 Seri A Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 1.289.293 1.422.318 Total third parties Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri FR0074 Seri FR0061 Seri FR0075 Seri FR0059 Seri FR0073 Seri FR0072 Seri FR0067 Sukuk Negara Ritel Seri SR009 Seri FR0068 Seri FR0056 Seri FR0058 Seri FR0064 Nilai Nominal/ Nominal Amount - 52.000 13.000 31.836 30.572 6.642 6.606 5.407 55.033 51.090 33.428 32.195 7.756 7.419 6.248 - 5.000 4.000 2.000 1.321 1.321 5.114 4.478 2.259 1.463 1.293 159.705 207.776 A- 118.000 120.065 AAA 12.642 13.237 AAA 10.793 11.290 9.000 9.490 A- *) Obligasi Pemerintah dalam Rupiah tidak diperingkat Related parties (Note 36) Rupiah: Government Bonds: Series FR0074 Series FR0061 Series FR0075 Series FR0059 Series FR0073 Series FR0072 Series FR0067 Sukuk Negara Ritel Series SR009 Series FR0068 Series FR0056 Series FR0058 Series FR0064 Corporate Bonds: Obligasi Berkelanjutan I Waskita Karya Tahap II Tahun 2015 Seri A Obligasi Berkelanjutan I Bank Mandiri Tahap II Tahun 2016 Seri C Obligasi Berkelanjutan I BNI Tahap I Tahun 2017 Obligasi Berkelanjutan II Waskita Karya Tahap III Tahun 2017 Seri B *) Government bonds in Rupiah are unrated 63 Annual Report 2017 | PT BNI Life Insurance 409
  410. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Link (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi II Telkom Tahun 2010 Seri B Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I PLN Tahap II Tahun 2013 Seri B Obligasi Berkelanjutan II Pegadaian Tahap I Tahun 2013 Seri D Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri B Obligasi Berkelanjutan II Adhi Karya Tahap I Tahun 2017 Obligasi Berkelanjutan II Waskita Karya Tahap III Tahun 2017 Seri A Obligasi Berkelanjutan I Bank BRI Tahap I Tahun 2015 Seri C Sukuk Ijarah Berkelanjutan I Timah Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan I Bank BRI Tahap II Tahun 2015 Seri C Obligasi Berkelanjutan I Bank BRI Tahap III Tahun 2016 Seri C Obligasi Berkelanjutan II Bank BRI Tahap II Tahun 2017 Seri C Obligasi Berkelanjutan I PLN Tahap I Tahun 2013 Seri B Obligasi Berkelanjutan Indonesia Eximbank I Tahap I Tahun 2011 Seri C Obligasi Berkelanjutan III Waskita Karya Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan Indonesia Eximbank II Tahap VI Tahun 2015 Seri B Obligasi Berkelanjutan I Pupuk Indonesia Tahap II Tahun 2017 Seri B Obligasi Berkelanjutan I ADHI Tahap I Tahun 2012 Seri B Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Nilai Nominal/ Nominal Amount Link (continued) Related parties (Note 36) (continued) Rupiah: (continued) AAA 6.000 6.429 AAA 6.000 6.305 AAA 5.000 5.509 AAA 5.000 5.081 AAA 5.000 5.081 A- 5.000 4.992 A- 5.000 4.950 AAA 4.000 4.219 A+ 3.435 3.579 AAA 3.000 3.216 AAA 3.000 3.154 AAA 3.000 3.078 AAA 3.000 3.069 AAA 2.642 2.715 A- 2.000 2.051 AAA 2.000 2.038 AAA 1.500 1.522 A- 1.000 1.016 A 1.000 1.001 64 410 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Corporate Bonds: (continued) Obligasi II Telkom Tahun 2010 Seri B Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I PLN Tahap II Tahun 2013 Seri B Obligasi Berkelanjutan II Pegadaian Tahap I Tahun 2013 Seri D Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri B Obligasi Berkelanjutan II Adhi Karya Tahap I Tahun 2017 Obligasi Berkelanjutan II Waskita Karya Tahap III Tahun 2017 Seri A Obligasi Berkelanjutan I Bank BRI Tahap I Tahun 2015 Seri C Sukuk Ijarah Berkelanjutan I Timah Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan I Bank BRI Tahap II Tahun 2015 Seri C Obligasi Berkelanjutan I Bank BRI Tahap III Tahun 2016 Seri C Obligasi Berkelanjutan II Bank BRI Tahap II Tahun 2017 Seri C Obligasi Berkelanjutan I PLN Tahap I Tahun 2013 Seri B Obligasi Berkelanjutan Indonesia Eximbank I Tahap I Tahun 2011 Seri C Obligasi Berkelanjutan III Waskita Karya Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan Indonesia Eximbank II Tahap VI Tahun 2015 Seri B Obligasi Berkelanjutan I Pupuk Indonesia Tahap II Tahun 2017 Seri B Obligasi Berkelanjutan I ADHI Tahap I Tahun 2012 Seri B Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A
  411. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2017 Peringkat/ Rating*) Link (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C AAA Total link Obligasi Perusahaan: Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Sukuk Ijarah Berkelanjutan I PLN Tahap I Tahun 2013 Related parties (Note 36) (continued) Rupiah: (continued) Corporate Bonds: (continued) Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C 528 565 217.540 223.652 377.245 431.428 Total related parties 1.666.538 1.853.746 Total link AAA 15.000 15.295 AAA 10.000 10.420 AAA 10.000 10.247 AAA 8.000 8.800 AAA 5.000 5.493 Sharia Third parties Rupiah: Corporate Bonds: Sukuk Mudharabah Berkelanjutan I Bank Maybank Indonesia Tahap II Tahun 2016 Sukuk Ijarah Berkelanjutan I XL Axiata Tahap II Tahun 2017 Seri C Sukuk Ijarah Berkelanjutan I XL Axiata Tahap II Tahun 2017 Seri B Sukuk Ijarah Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D 48.000 50.255 Total third parties 25.000 14.000 1.500 27.922 16.102 1.277 Related parties (Note 36) Rupiah: Government Bonds: SBSN Series PBS-011 SBSN Series PBS-012 SBSN Series PBS-004 40.500 45.301 Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: SBSN Seri PBS-011 SBSN Seri PBS-012 SBSN Seri PBS-004 Nilai Tercatat/ Carrying Value Link (continued) Total pihak-pihak berelasi Syariah Pihak ketiga Rupiah: Obligasi Perusahaan: Sukuk Mudharabah Berkelanjutan I Bank Maybank Indonesia Tahap II Tahun 2016 Sukuk Ijarah Berkelanjutan I XL Axiata Tahap II Tahun 2017 Seri C Sukuk Ijarah Berkelanjutan I XL Axiata Tahap II Tahun 2017 Seri B Sukuk Ijarah Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D Nilai Nominal/ Nominal Amount - A+ 6.000 5.990 AAA 3.000 3.049 Corporate Bonds: Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Sukuk Ijarah Berkelanjutan I PLN Tahap I Tahun 2013 9.000 9.039 Total pihak-pihak berelasi 49.500 54.340 Total related parties Total syariah 97.500 104.595 Total sharia 4.243.692 4.525.527 Total bonds fair value through profit or loss Total obligasi nilai wajar melalui laporan laba rugi *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated 65 Annual Report 2017 | PT BNI Life Insurance 411
  412. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2016 Peringkat/ Rating Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan: Obligasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Bank Panin Tahap III Tahun 2010 Obligasi Berkelanjutan I Bank BII Tahun 2011 Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahun 2012 Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap II Tahun 2014 Seri B Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap III Tahun 2014 Seri B Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan III Adira Dinamika Tahap III Tahun 2016 Seri C Sukuk Ijarah Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri C Obligasi Berkelanjutan I SMF Tahap II Tahun 2012 Berjamin Aset Piutang KPR Seri C Obligasi Medco Energi Internasional III Tahun 2012 Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi V Bank Sulut Tahun 2014 Obligasi Subordinasi I Bank Sumut Tahun 2011 Total pihak ketiga Nilai Nominal/ Nominal Amount AA+ 29.595 29.598 AA- 25.000 25.480 AA+ 20.542 20.677 AA+ 19.202 19.572 AA+ 18.631 18.964 A 15.582 15.439 AA- 11.239 11.662 AA- 11.000 11.436 AAA 10.000 9.907 AAA 9.406 9.735 AAA 10.000 9.695 AA+ 8.000 7.990 A+ 7.000 7.002 AAA 3.000 2.919 AA- 2.328 2.374 AA 2.009 2.086 A+ 1.750 1.789 A 1.635 1.655 A 1.583 1.653 A- 1.487 1.507 Life insurance Third parties Rupiah: Corporate Bonds: Obligasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Bank Panin Tahap III Tahun 2010 Obligasi Berkelanjutan I Bank BII Tahun 2011 Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahun 2012 Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap II Tahun 2014 Seri B Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap III Tahun 2014 Seri B Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan III Adira Dinamika Tahap III Tahun 2016 Seri C Sukuk Ijarah Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri C Obligasi Berkelanjutan I SMF Tahap II Tahun 2012 Berjamin Aset Piutang KPR Seri C Obligasi Medco Energi Internasional III Tahun 2012 Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi V Bank Sulut Tahun 2014 Obligasi Subordinasi I Bank Sumut Tahun 2011 208.989 211.140 Total third parties 66 412 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value
  413. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2016 Peringkat/ Rating*) Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri FR0062 Seri ORI011 Obligasi Perusahaan Obligasi PLN XII Tahun 2010 Seri B Obligasi Indonesia Eximbank I Tahun 2010 Seri D Obligasi XIV Bank BTN Tahun 2010 Obligasi Berkelanjutan Indonesia Eximbank I Tahap I Tahun 2011 Seri C Obligasi XV Bank BTN Tahun 2010 Obligasi Berkelanjutan I Bank BTN Tahap I Tahun 2012 Obligasi PLN XI Tahun 2010 Seri A Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C Nilai Tercatat/ Carrying Value Life insurance (continued) - 10.000 1.108 7.801 1.126 11.108 8.927 Related parties (Note 36) Rupiah: Government Bonds: Series FR0062 Series ORI011 Corporate Bonds: Obligasi PLN XII Tahun 2010 Seri B Obligasi Indonesia Eximbank I Tahun 2010 Seri D Obligasi XIV Bank BTN Tahun 2010 Obligasi Berkelanjutan Indonesia Eximbank I Tahap I Tahun 2011 Seri C Obligasi XV Bank BTN Tahun 2010 Obligasi Berkelanjutan I Bank BTN Tahap I Tahun 2012 Obligasi PLN XI Tahun 2010 Seri A Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C AAA 15.000 15.619 AAA 14.000 14.168 AA 12.000 12.221 AAA 10.000 9.911 AA 10.000 9.901 AA 9.000 8.225 AAA 5.000 5.007 AA+ 2.000 1.961 77.000 77.013 88.108 85.940 Total related parties 297.097 297.080 Total life insurance Total pihak-pihak berelasi Total asuransi jiwa Link Pihak ketiga Rupiah: Obligasi Perusahaan Obligasi Subordinasi Berkelanjutan I Bank BII Tahun 2011 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Berkelanjutan III Adira Dinamika Tahap III Tahun 2016 Seri C Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Nilai Nominal/ Nominal Amount AA+ 378.298 386.511 AA+ 172.069 175.525 AAA 140.594 145.502 AAA 135.000 137.983 A 138.418 137.167 AA+ 108.958 *) Obligasi Pemerintah dalam Rupiah tidak diperingkat 109.918 Link Third parties Rupiah: Corporate Bonds: Obligasi Subordinasi Berkelanjutan I Bank BII Tahun 2011 Obligasi Subordinasi II Bank Permata Tahun 2011 Obligasi Berkelanjutan III Adira Dinamika Tahap III Tahun 2016 Seri C Sukuk Ijarah Berkelanjutan I XL Axiata Tahap I Tahun 2015 Seri B Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 *) Government bonds in Rupiah are unrated 67 Annual Report 2017 | PT BNI Life Insurance 413
  414. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2016 Peringkat/ Rating*) Link (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap II Tahun 2014 Seri B Obligasi Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi Subordinasi I Bank Sumut Tahun 2011 Obligasi Subordinasi Bank Panin III Tahun 2010 Obligasi V Bank Sulut Tahun 2014 Obligasi Subordinasi I Bank UOB Indonesia Tahun 2015 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Astra Sedaya Finance Tahap I Tahun 2012 Seri C Obligasi Berkelanjutan II BCA Finance Tahap II Tahun 2016 Seri B AA+ 90.405 90.411 AA+ 77.000 78.433 AA- 45.761 47.486 A+ 26.250 26.827 AA 24.991 25.948 AA- 22.672 23.126 A 20.365 20.606 A- 18.513 18.761 AA- 18.000 18.346 A 15.417 16.101 AAA 7.000 7.345 AAA 2.000 2.007 AAA 2.000 2.003 AAA 2.000 1.981 1.445.711 1.471.987 Total third parties 37.092 21.000 20.000 20.000 20.000 16.457 13.872 5.000 37.707 21.247 21.199 20.568 20.187 15.677 13.614 4.982 Related parties (Note 36) Rupiah: Government Bonds: Series ORI011 Series FR0072 Series FR0071 Series FR0053 Series FR0068 Series FR0059 Series FR0061 Series FR0058 153.421 155.181 - *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated 68 414 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Link (continued) Third parties (continued) Rupiah: (continued) Corporate Bonds: (continued) Obligasi Subordinansi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap II Tahun 2014 Seri B Obligasi Berkelanjutan I Summarecon Agung Tahap II Tahun 2014 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi II Bank DKI Tahun 2011 Obligasi Subordinasi I Bank Sumut Tahun 2011 Obligasi Subordinasi Bank Panin III Tahun 2010 Obligasi V Bank Sulut Tahun 2014 Obligasi Subordinasi I Bank UOB Indonesia Tahun 2015 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Astra Sedaya Finance Tahap I Tahun 2012 Seri C Obligasi Berkelanjutan II BCA Finance Tahap II Tahun 2016 Seri B Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri ORI011 Seri FR0072 Seri FR0071 Seri FR0053 Seri FR0068 Seri FR0059 Seri FR0061 Seri FR0058 Nilai Nominal/ Nominal Amount
  415. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2016 Peringkat/ Rating Link (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: Obligasi Berkelanjutan I Waskita Karya Tahap II Tahun 2015 Seri A Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri B Obligasi Berkelanjutan I Bank BRI Tahap II Tahun 2016 Seri C Obligasi Berkelanjutan Indonesia Eximbank II Tahap VI Tahun 2015 Seri C Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C Obligasi Indonesia Eximbank I Tahun 2010 Seri D Obligasi Berkelanjutan I Bank BRI Tahap III Tahun 2016 Seri C A- Link (continued) Related parties (Note 36) (continued) Rupiah: (continued) Corporate Bonds: Obligasi Berkelanjutan I Waskita Karya Tahap II Tahun 2015 Seri A Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri B Obligasi Berkelanjutan I Bank BRI Tahap II Tahun 2016 Seri C Obligasi Berkelanjutan Indonesia Eximbank II Tahap VI Tahun 2015 Seri C Obligasi Berkelanjutan Indonesia Eximbank III Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I Perum Pegadaian Tahap I Tahun 2011 Seri C Obligasi Indonesia Eximbank I Tahun 2010 Seri D Obligasi Berkelanjutan I Bank BRI Tahap III Tahun 2016 Seri C 118.507 AAA 5.000 4.924 AAA 3.000 3.043 AAA 2.000 2.011 AAA 2.000 1.981 AA+ 2.000 1.961 AAA 1.000 1.012 AAA 1.000 980 134.000 134.419 287.421 289.600 Total related parties 1.733.132 1.761.587 Total link Total link Total pihak ketiga Nilai Tercatat/ Carrying Value 118.000 Total pihak-pihak berelasi Syariah Pihak ketiga Rupiah: Obligasi Perusahaan: Sukuk Mudharabah Berkelanjutan I Maybank Indonesia Tahap II Tahun 2016 Sukuk Ijarah Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Sukuk Mudharabah Berkelanjutan I Bank BII Tahap I Tahun 2014 Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D Nilai Nominal/ Nominal Amount AAA 15.000 14.682 AAA 8.000 8.333 AAA 7.000 7.056 AAA 5.000 5.163 Sharia Third parties Rupiah: Corporate Bonds: Sukuk Mudharabah Berkelanjutan I Maybank Indonesia Tahap II Tahun 2016 Sukuk Ijarah Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Sukuk Mudharabah Berkelanjutan I Bank BII Tahap I Tahun 2014 Sukuk Ijarah Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D 35.000 35.234 Total third parties 69 Annual Report 2017 | PT BNI Life Insurance 415
  416. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) c. 6. MARKETABLE SECURITIES (continued) c. Nilai wajar melalui laporan laba rugi (lanjutan) Fair value through profit or loss (continued) 31 Desember/December 31, 2016 Peringkat/ Rating*) Syariah (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah: (lanjutan) Obligasi Pemerintah: SBSN Seri PBS011 SBSN Seri PBS012 Sukuk Negara Ritel Seri SR006 SBSN Seri PBS004 Obligasi Perusahaan: Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Sukuk Ijarah Berkelanjutan I PLN Tahap I Tahun 2013 Nilai Nominal/ Nominal Amount - 25.000 14.000 25.742 14.334 - 3.000 1.500 3.035 1.116 43.500 44.227 Sharia (continued) Related parties (Note 36) (continued) Rupiah: (continued) Government Bonds: SBSN Series PBS011 SBSN Series PBS012 Sukuk Negara Ritel Series SR006 SBSN Series PBS004 Corporate Bonds: Sukuk Mudharabah Subordinasi I Bank BRI Syariah Tahun 2016 Sukuk Ijarah Berkelanjutan I PLN Tahap I Tahun 2013 A+ 6.000 5.991 AAA 3.000 2.898 9.000 8.889 Total pihak-pihak berelasi 52.500 53.116 Total related parties Total syariah 87.500 88.350 Total sharia 2.117.729 2.147.017 Total bonds fair value through profit or loss Total obligasi nilai wajar melalui laporan laba rugi *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated Aset keuangan yang diklasifikasikan sebagai nilai wajar melalui laporan laba rugi terdiri dari obligasi dalam mata uang Rupiah. Tingkat bunga tetap tahunan berkisar antara 10,00% - 11,35% pada tahun 2017 dan 8,25% - 11,35% pada tahun 2016. Sedangkan tingkat bunga tetap tahunan atau bagi hasil tahunan untuk syariah dari obligasi dalam mata uang Rupiah masing - masing berkisar antara 6,10% - 10,50% pada tahun 2017 dan 2016. Financial assets classified as fair value through profit or loss consists of bonds denominated in Rupiah currency. Annual fixed interest ranged from 10.00% - 11.35% in 2017 and 8.25% - 11.35% in 2016. While annual profit sharing for sharia bonds denominated in Rupiah currency ranged from 6.10% - 10.50% in 2017 and 2016. 70 416 Nilai Tercatat/ Carrying Value PT BNI Life Insurance | Laporan Tahunan 2017
  417. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) d. 6. MARKETABLE SECURITIES (continued) d. Saham Shares The details of shares classified as fair value through profit or loss are consist of: Rincian saham yang diklasifikasikan sebagai nilai wajar melalui laporan laba rugi adalah sebagai berikut: 31 Desember/December 31, 2017 31 Desember/December 31, 2016 Total Saham/ Nilai Tercatat/ Total Saham/ Nilai Tercatat/ Number of Shares*) Carrying Value Number of Shares*) Carrying Value Asuransi jiwa Rupiah: Pihak ketiga PT Barito Pacific Timber Tbk PT PP London Sumatra Indonesia Tbk PT Chandra Asri Petrochemical Tbk PT Astra Internasional Tbk PT AKR Corporindo Tbk PT Gudang Garam Tbk PT Unilever Indonesia Tbk PT Astra Agro Lestari Tbk PT Bank Central Asia Tbk PT Indofood CBP Sukses Makmur Tbk PT United Tractor Tbk PT Hanjaya Mandala Sampoerna Tbk PT Indocement Tunggal Prakarsa Tbk PT Indofood Sukses Makmur Tbk PT Matahari Department Store Tbk PT Adaro Energy Tbk PT Kalbe Farma Tbk PT Charoen Pokphand Indonesia Tbk PT Surya Citra Media Tbk PT Bumi Serpong Damai Tbk PT Summarecon Agung Tbk PT Pakuwon Jati Tbk PT Lippo Karawaci Tbk PT Media Nusantara Citra Tbk PT Sawit Sumbermas Sarana Tbk PT Alam Sutera Realty Tbk PT Ramayana Lestari Sentosa Tbk PT Ciputra Development Tbk PT XL Axiata Tbk Pihak-pihak berelasi (Catatan 36) PT Bank Negara Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Telekomunikasi Indonesia (Persero) Tbk PT Waskita Karya (Persero) Tbk Life insurance Rupiah: Third parties 49.490.000 111.847 - - 48.103.627 68.307 1.100.000 1.914 7.391.200 3.564.451 2.711.300 75.000 100.000 400.000 122.900 44.347 29.585 17.217 6.285 5.590 5.260 2.692 1.880.000 140.000 160.000 115.000 900.000 15.557 8.946 6.208 1.929 13.950 289.200 26.600 2.574 942 315.000 762.100 2.701 16.194 1.777.965 8.410 - - 18.200 399 - - PT Barito Pacific Timber Tbk PT PP London Sumatra Indonesia Tbk PT Chandra Asri Petrochemical Tbk PT Astra International Tbk PT AKR Corporindo Tbk PT Gudang Garam Tbk PT Unilever Indonesia Tbk PT Astra Agro Lestari Tbk PT Bank Central Asia Tbk PT Indofood CBP Sukses Makmur Tbk PT United Tractor Tbk PT Hanjaya Mandala Sampoerna Tbk PT Indocement Tunggal Prakarsa Tbk 27.200 207 700.000 5.548 PT Indofood Sukses Makmur Tbk 15.800 47.000 44.800 158 87 76 13.300 2.000.000 2.500.000 201 3.390 3.788 24.900 21.800 22.500 32.000 33.700 25.200 7.500 75 54 38 30 23 12 10 500.000 - 878 - PT Matahari Department Store Tbk PT Adaro Energy Tbk PT Kalbe Farma Tbk PT Charoen Pokphand Indonesia Tbk PT Surya Citra Media Tbk PT Bumi Serpong Damai Tbk PT Summarecon Agung Tbk PT Pakuwon Jati Tbk PT Lippo Karawaci Tbk PT Media Nusantara Citra Tbk 4.700 2.400 7 1 - - PT Sawit Sumbermas Sarana Tbk PT Alam Sutera Realty Tbk - - 5.000.000 3.353.528 1.054.700 5.975 4.477 2.436 PT Ramayana Lestari Sentosa Tbk PT Ciputra Development Tbk PT XL Axiata Tbk 114.379.943 304.233 20.493.628 94.092 1.037.500 10.271 - - 1.093.376 3.980 - - 97.400 779 - - 171.800 763 4.000.000 15.920 Related parties (Note 36) PT Bank Negara Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Telekomunikasi Indonesia (Persero) Tbk 19.600 43 - - PT Waskita Karya (Persero) Tbk *) dalam nilai penuh *) in full amount 71 Annual Report 2017 | PT BNI Life Insurance 417
  418. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) d. 6. MARKETABLE SECURITIES (continued) d. Saham (lanjutan) 31 Desember/December 31, 2017 Shares (continued) 31 Desember/December 31, 2016 Total Saham/ Nilai Tercatat/ Total Saham/ Nilai Tercatat/ Number of Shares*) Carrying Value Number of Shares*) Carrying Value Asuransi jiwa (lanjutan) Rupiah: (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) PT Perusahaan Gas Negara (Persero) Tbk PT Semen Gresik (Persero) Tbk PT Adhi Karya (Persero) Tbk PT Timah Tbk PT Pembangunan Perumahan (Persero) Tbk PT Bukit Asam (Persero) Tbk Total asuransi jiwa Link Rupiah: Pihak ketiga PT Astra Internasional Tbk PT Hanjaya Mandala Sampoerna Tbk PT Bank Central Asia Tbk PT Summarecon Agung Tbk PT Gudang Garam Tbk PT United Tractor Tbk PT Surya Citra Media Tbk PT Unilever Indonesia Tbk PT Indofood Sukses Makmur Tbk PT Indofood CBP Sukses Makmur Tbk PT Barito Pacific Timber Tbk PT Adaro Energy Tbk PT PP London Sumatra Indonesia Tbk PT Matahari Department Store Tbk PT Bumi Serpong Damai Tbk PT Pakuwon Jati Tbk PT AKR Corporindo Tbk PT Kalbe Farma Tbk PT Charoen Pokphand Indonesia Tbk PT Sawit Sumbermas Sarana Tbk PT Media Nusantara Citra Tbk PT Alam Sutera Realty Tbk PT Lippo Karawaci Tbk PT Sri Rejeki Isman Tbk PT Matahari Putra Prima Tbk PT Astra Agro Lestari Tbk Pihak-pihak berelasi (Catatan 36) PT Bank Mandiri (Persero) Tbk 19.200 34 452.000 1.220 18.700 7.300 - 185 14 - 3.000.000 3.225 - - 1.325.137 1.200.000 5.049 15.000 2.464.876 16.069 9.977.137 40.414 116.844.819 320.302 30.470.765 134.506 Total life insurance Link Rupiah: Third parties PT Astra International Tbk PT Hanjaya Mandala Sampoerna Tbk PT Bank Central Asia Tbk PT Summarecon Agung Tbk PT Gudang Garam Tbk PT United Tractor Tbk PT Surya Citra Media Tbk PT Unilever Indonesia Tbk 8.389 2.079.000 17.204 1.661.435 354.500 6.443.200 71.100 159.900 2.189.200 96.900 7.859 7.764 6.089 5.958 5.660 5.429 5.417 286.000 16.100 213.200 262.000 801.000 1.095 1.029 4.531 734 31.079 458.500 3.496 2.332.100 18.482 381.300 3.393 1.568.000 13.444 594.200 449.600 1.343 836 3.142.000 5.326 396.374 563 237.000 412 5.300 27.900 53.700 5.200 12.600 53 47 37 33 21 58.400 356.500 1.058.100 3.864.200 883 626 598 5.854 6.200 19 286.800 886 PT Barito Pacific Timber Tbk PT Adaro Energy Tbk PT PP London Sumatra Indonesia Tbk PT Matahari Department Store Tbk PT Bumi Serpong Damai Tbk PT Pakuwon Jati Tbk PT AKR Corporindo Tbk PT Kalbe Farma Tbk PT Charoen Pokphand Indonesia Tbk 7.900 8.500 12.900 2.100 - 12 11 5 2 - 4.200.000 226.100 82.000 966 335 1.376 PT Sawit Sumbermas Sarana Tbk PT Media Nusantara Citra Tbk PT Alam Sutera Realty Tbk PT Lippo Karawaci Tbk PT Sri Rejeki Isman Tbk PT Matahari Putra Prima Tbk PT Astra Agro Lestari Tbk 14.409.258 62.436 21.068.500 104.860 1.567.800 12.542 *) in full amount 72 PT BNI Life Insurance | Laporan Tahunan 2017 PT Semen Gresik (Persero) Tbk PT Adhi Karya (Persero) Tbk PT Timah Tbk PT Pembangunan Perumahan (Persero) Tbk PT Bukit Asam (Persero) Tbk 1.010.749 *) dalam nilai penuh 418 Life insurance (continued) Rupiah: (continued) Related parties (Note 36) (continued) PT Perusahaan Gas Negara (Persero) Tbk - PT Indofood Sukses Makmur Tbk PT Indofood CBP Sukses Makmur Tbk Related parties (Note 36) PT Bank Mandiri (Persero) Tbk
  419. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) d. 6. MARKETABLE SECURITIES (continued) d. Saham (lanjutan) 31 Desember/December 31, 2017 Shares (continued) 31 Desember/December 31, 2016 Total Saham/ Nilai Tercatat/ Total Saham/ Nilai Tercatat/ Number of Shares*) Carrying Value Number of Shares*) Carrying Value Link (lanjutan) Rupiah: (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) PT Telekomunikasi Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk PT Semen Gresik Persero Tbk PT Jasa Marga (Persero) Tbk PT Perusahaan Gas Negara (Persero) Tbk PT Waskita Karya (Persero) Tbk PT Adhi Karya (Persero) Tbk PT Pembangunan Perumahan (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Wijaya Karya (Persero) Tbk PT Semen Indonesia (Persero) Tbk PT Bukit Asam (Persero) Tbk Total link Syariah Rupiah: Pihak ketiga PT Surya Semesta Internusa Tbk PT Unilever Indonesia Tbk PT United Tractor Tbk PT Indofood Sukses Makmur Tbk PT Adaro Energy Tbk PT Indofood CBP Sukses Makmur Tbk PT Indo Tambangraya Megah Tbk PT Kalbe Farma Tbk PT Indocement Tunggal Prakarsa Tbk PT PP London Sumatra Indonesia Tbk PT Harum Energy Tbk PT Vale Indonesia Tbk PT Astra Internasional Tbk PT Astra Agro Lestari Tbk Pihak-pihak berelasi (Catatan 36) PT Timah (Persero) Tbk PT Aneka Tambang (Persero) Tbk PT Telekomunikasi Indonesia (Persero) Tbk 1.856.200 8.242 2.505.000 9.970 2.090.024 7.607 245.000 2.860 767.200 100.400 155.000 7.595 994 992 589.100 305.000 922.500 3.255 2.798 3.985 28.100 49 - - 13.100 3.100 29 6 1.364.300 450.000 3.479 936 - - 3.515.300 13.393 - - 1.420.300 991.000 2.471 2.339 - - 80.400 75.000 738 938 6.580.924 38.056 12.462.900 47.162 20.990.182 100.492 33.531.400 152.022 Link (continued) Rupiah: (continued) Related parties (Note 36) (continued) PT Telekomunikasi Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk PT Semen Gresik Persero Tbk PT Jasa Marga (Persero) Tbk PT Perusahaan Gas Negara (Persero) Tbk PT Waskita Karya (Persero) Tbk PT Adhi Karya (Persero) Tbk PT Pembangunan Perumahan (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Wijaya Karya (Persero) Tbk PT Semen Indonesia (Persero) Tbk PT Bukit Asam (Persero) Tbk Total link Sharia Rupiah: Third parties 5.823.600 45.000 60.000 2.999 2.516 2.124 142.377 2.982 PT Surya Semesta Internusa Tbk PT Unilever Indonesia Tbk PT United Tractor Tbk 225.000 850.000 1.716 1.581 227.803 385 148.200 1.318 - - PT Indofood Sukses Makmur Tbk PT Adaro Energy Tbk PT Indofood CBP Sukses Makmur Tbk 63.600 750.000 1.317 1.268 - - 30.000 658 - - - - 683.410 199.328 168.005 136.682 60.596 1.203 439 477 1.111 1.045 7.995.400 15.497 1.618.201 7.642 - - 697.648 796 - - 213.566 191 - - 170.852 673 *) dalam nilai penuh PT Indo Tambangraya Megah Tbk PT Kalbe Farma Tbk PT Indocement Tunggal Prakarsa Tbk PT PP London Sumatra Indonesia Tbk PT Harum Energy Tbk PT Vale Indonesia Tbk PT Astra International Tbk PT Astra Agro Lestari Tbk Related parties (Note 36) PT Timah (Persero) Tbk PT Aneka Tambang (Persero) Tbk PT Telekomunikasi Indonesia (Persero) Tbk *) in full amount 73 Annual Report 2017 | PT BNI Life Insurance 419
  420. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) d. 6. MARKETABLE SECURITIES (continued) d. Saham (lanjutan) 31 Desember/December 31, 2017 Shares (continued) 31 Desember/December 31, 2016 Total Saham/ Nilai Tercatat/ Total Saham/ Nilai Tercatat/ Number of Shares*) Carrying Value Number of Shares*) Carrying Value Syariah (lanjutan) Rupiah: (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) PT Waskita Karya (Persero) Tbk PT Bukit Asam (Persero) Tbk Total syariah Total saham Sharia (continued) Rupiah: (continued) Related parties (Note 36) (continued) - - 99.661 36.221 259 453 - - 1.217.948 2.372 7.995.400 15.497 2.836.149 10.014 Total sharia 145.830.400 436.291 66.838.314 296.542 Total shares *) dalam nilai penuh e. PT Waskita Karya (Persero) Tbk PT Bukit Asam (Persero) Tbk *) in full amount e. Available-for-sale Tersedia untuk dijual The details of financial assets classified as available-for-sale as of December 31, 2017 and December 31, 2016, are as follows: Rincian aset keuangan diklasifikasikan sebagai tersedia untuk dijual pada tanggal 31 Desember 2017 dan 31 Desember 2016 adalah sebagai berikut: 31 Desember/December 31, 2017 Peringkat/ Rating Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan: Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap II Tahun 2017 MTN II Bank Jambi Tahun 2017 Obligasi Berkelanjutan I Bank Sulselbar Tahap II Tahun 2016 Obligasi Berkelanjutan III Sarana Multigriya Finansial Tahap VI Tahun 2016 Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri B Nilai Nominal/ Nominal Amount AA+ 126.500 130.522 AAA 124.000 128.380 A 100.000 100.000 A+ 100.000 99.954 AAA 80.000 83.405 AA 67.500 70.474 AA+ 54.000 55.662 AA+ 48.000 50.186 74 420 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Life insurance Third parties Rupiah: Corporate Bonds: Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap II Tahun 2017 MTN II Bank Jambi Tahun 2017 Obligasi Berkelanjutan I Bank Sulselbar Tahap II Tahun 2016 Obligasi Berkelanjutan III Sarana Multigriya Finansial Tahap VI Tahun 2016 Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri B
  421. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Asuransi jiwa (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Berkelanjutan II Summarecon Agung Tahap II Tahun 2017 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Indonesia Tahap II Tahun 2017 Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap II Tahun 2014 Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan III Adira Finance Tahap I Tahun 2015 Seri B Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan III Adira Finance Tahap III Tahun 2016 Seri C Obligasi Subordinasi Berkelanjutan I Bank Bukopin Indonesia Tahap I Tahun 2015 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri D MTN VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2016 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri E Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap I Tahun 2012 Obligasi Berkelanjutan III Adira Finance Tahap IV Tahun 2016 Seri C Obligasi Berkelanjutan III Astra Sedaya Finance Tahap I Tahun 2016 Seri B Nilai Nominal/ Nominal Amount Nilai Tercatat/ Carrying Value Life insurance (continued) Third parties (continued) Rupiah: (continued) AAA 50.000 49.995 A- 43.000 45.763 AA 40.000 44.769 AA+ 40.000 41.031 AAA 38.000 40.585 AA 36.000 38.530 AAA 32.100 34.565 A- 20.000 21.837 AAA 19.000 21.766 AA- 21.500 21.500 AA 20.000 20.430 AAA 18.000 19.004 AAA 15.000 15.935 AA- 15.000 15.482 AAA 15.000 15.368 AA+ 11.000 11.234 AAA 10.000 10.548 AAA 10.000 10.269 Corporate Bonds: (continued) Obligasi Berkelanjutan II Summarecon Agung Tahap II Tahun 2017 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Indonesia Tahap II Tahun 2017 Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap II Tahun 2014 Obligasi Berkelanjutan I Maybank Finance Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan III Adira Finance Tahap I Tahun 2015 Seri B Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan III Adira Finance Tahap III Tahun 2016 Seri C Obligasi Subordinasi Berkelanjutan I Bank Bukopin Indonesia Tahap I Tahun 2015 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri D MTN VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2016 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri E Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap I Tahun 2012 Obligasi Berkelanjutan III Adira Finance Tahap IV Tahun 2016 Seri C Obligasi Berkelanjutan III Astra Sedaya Finance Tahap I Tahun 2016 Seri B 75 Annual Report 2017 | PT BNI Life Insurance 421
  422. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2017 Peringkat/ Rating*) Asuransi jiwa (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri A Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D AAA 8.000 8.104 AA+ 7.000 7.091 AA+ 5.000 5.148 AA+ 5.000 5.148 AA+ 5.000 5.080 AAA 4.000 4.401 AAA 3.500 3.651 AA 3.000 3.129 AAA 1.500 1.702 AAA 1.000 1.097 Corporate Bonds: (continued) Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri A Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D 1.196.600 1.241.745 Total third parties 172.197 125.000 100.000 85.000 81.284 60.000 50.000 25.000 20.000 20.000 5.000 5.000 2.000 192.747 139.932 115.202 89.441 85.349 69.973 48.705 26.066 23.548 19.509 6.042 5.292 2.586 Related parties (Note 36) Rupiah: Government Bonds: Series FR0072 Series FR0068 Series FR0067 Series FR0059 Series FR0075 Series FR0073 Series FR0064 Series FR0061 Series FR0071 Series FR0065 Series FR0054 Series FR0074 Series FR0052 750.481 824.392 - *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated 76 422 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Life insurance (continued) Third parties (continued) Rupiah: (continued) Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri FR0072 Seri FR0068 Seri FR0067 Seri FR0059 Seri FR0075 Seri FR0073 Seri FR0064 Seri FR0061 Seri FR0071 Seri FR0065 Seri FR0054 Seri FR0074 Seri FR0052 Nilai Nominal/ Nominal Amount
  423. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: Obligasi Berkelanjutan I Bank Mandiri Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Obligasi Berkelanjutan III Bank BTN Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan III Waskita Karya Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan Indonesia Eximbank III Tahap V Tahun 2017 Seri C Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri B Obligasi Berkelanjutan Indonesia Eximbank III Tahap V Tahun 2017 Seri A Obligasi Berkelanjutan II PNM Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan I Telkom Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan III Mandiri Tunas Finance Tahap II Tahun 2017 Seri B Obligasi Berkelanjutan II Indonesia Eximbank II Tahap VII Tahun 2016 Seri C Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Obligasi PLN XII Tahun 2010 Seri B Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan II Waskita Karya Tahap I Tahun 2016 Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri D Nilai Nominal/ Nominal Amount Nilai Tercatat/ Carrying Value Life insurance (continued) Related parties (Note 36) (continued) Rupiah: (continued) Corporate Bonds: Obligasi Berkelanjutan I Bank Mandiri Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Obligasi Berkelanjutan III Bank BTN Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan III Waskita Karya Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan Indonesia Eximbank III Tahap V Tahun 2017 Seri C Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri B Obligasi Berkelanjutan Indonesia Eximbank III Tahap V Tahun 2017 Seri A Obligasi Berkelanjutan II PNM Tahap I Tahun 2017 Seri B Obligasi Berkelanjutan I Telkom Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan III Mandiri Tunas Finance Tahap II Tahun 2017 Seri B Obligasi Berkelanjutan II Indonesia Eximbank II Tahap VII Tahun 2016 Seri C Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Obligasi PLN XII Tahun 2010 Seri B Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan II Waskita Karya Tahap I Tahun 2016 Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri D AAA 158.000 162.904 A- 91.000 88.632 AA 70.000 71.024 A- 50.000 51.286 AAA 50.000 50.940 AA 20.000 20.590 AAA 20.000 20.414 A 20.000 20.032 AAA 15.000 16.970 AA+ 15.000 15.461 AAA 10.000 10.609 A 10.000 10.009 AAA 5.000 5.529 A 5.000 5.015 A- 4.000 4.117 AA 1.000 1.041 544.000 544.573 Total pihak-pihak berelasi 1.294.481 1.378.965 Total related parties Total asuransi jiwa 2.491.081 2.620.710 Total life insurance 77 Annual Report 2017 | PT BNI Life Insurance 423
  424. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2017 Peringkat/ Rating Link Pihak ketiga Rupiah: Obligasi Perusahaan: Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 MTN VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri C Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri A Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Indofood Sukses Makmur VII Tahun 2014 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap I Tahun 2015 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Nilai Nominal/ Nominal Amount A+ 100.000 104.303 AA- 78.500 78.500 AA+ 34.000 35.081 AA+ 16.000 16.493 AAA 16.000 16.392 AAA 10.000 10.588 AA- 10.000 10.321 A 9.000 9.070 AA 8.000 8.562 AA+ 8.000 8.104 AA 7.500 7.831 AAA 7.000 7.391 AAA 6.000 6.602 AAA 6.000 6.078 AA+ 5.000 5.223 AA+ 5.000 5.148 A- 4.000 4.367 AA+ 4.000 4.087 78 424 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Link Third parties Rupiah: Corporate Bonds: Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 MTN VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri C Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri A Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Indofood Sukses Makmur VII Tahun 2014 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap I Tahun 2015 Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012
  425. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2017 Peringkat/ Rating*) Link (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Perusahaan: Obligasi Berkelanjutan I Bank Mandiri Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I BNI Tahap I Tahun 2017 Obligasi Berkelanjutan I PP Tahap I Tahun 2013 Obligasi Berkelanjutan I PLN Tahap I Tahun 2013 Seri B Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 AA+ - 2.059 336.000 346.200 Total third parties 10.500 Related parties (Note 36) Rupiah: Government Bonds: Series FR0075 10.000 AAA 17.000 17.528 AAA 12.000 12.539 A+ 3.000 3.008 AAA 2.000 2.046 A- 2.000 1.948 46.000 47.569 Total related parties 382.000 393.769 Total link 72.460 Syariah Related parties Rupiah: Government Bonds: SBSN Series OBS012 8.000 8.175 Corporate Bonds: Sukuk Ijarah Berkelanjutan I Timah Tahap I Tahun 2017 Seri B 71.000 80.635 Total sharia 2.944.081 3.095.114 Total available-for-sale bonds Total link Obligasi Perusahaan: Sukuk Ijarah Berkelanjutan I Timah Tahap I Tahun 2017 Seri B 2.000 Corporate Bonds: (continued) Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Corporate Bonds: Obligasi Berkelanjutan I Bank Mandiri Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I BNI Tahap I Tahun 2017 Obligasi Berkelanjutan I PP Tahap I Tahun 2013 Obligasi Berkelanjutan I PLN Tahap I Tahun 2013 Seri B Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Total pihak-pihak berelasi Syariah Pihak berelasi Rupiah: Obligasi Pemerintah: SBSN Seri OBS012 Nilai Tercatat/ Carrying Value Link (continued) Third parties (continued) Rupiah: (continued) Total pihak ketiga Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri FR0075 Nilai Nominal/ Nominal Amount - A+ Total syariah Total obligasi tersedia untuk dijual 63.000 *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated 79 Annual Report 2017 | PT BNI Life Insurance 425
  426. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2016 Peringkat/ Rating Asuransi jiwa Pihak ketiga Rupiah: Obligasi Perusahaan: Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan II Bank Panin Tahap II Tahun 2016 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Bank Sulselbar Tahap II Tahun 2016 Obligasi Berkelanjutan III Adira FinanceTahap III Tahun 2016 Seri C Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi I Bank UOB Indonesia Tahun 2015 Seri C Obligasi Berkelanjutan I Maybank FinanceTahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Maybank FinanceTahap II Tahun 2016 Seri B Obligasi Berkelanjutan I Maybank FinanceTahap II Tahun 2016 Seri A Obligasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 Obligasi Berkelanjutan III Adira FinanceTahap I Tahun 2015 Seri B Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Subordinasi I Bank CIMB Niaga Tahun 2010 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri D Nilai Nominal/ Nominal Amount AA+ 245.700 242.518 AA 120.000 115.162 AA 100.600 99.677 A+ 100.000 93.002 AAA 81.585 82.795 AA 75.000 76.316 AAA 70.012 71.239 AA+ 67.000 65.128 AA+ 55.215 53.798 AA+ 40.540 40.811 AA 40.000 39.040 AAA 39.995 39.278 AAA 28.609 28.214 AAA 24.600 24.999 AAA 20.000 20.782 AAA 20.650 20.773 AA 20.300 20.211 AA- 20.300 20.140 AAA 20.568 20.067 80 426 PT BNI Life Insurance | Laporan Tahunan 2017 Nilai Tercatat/ Carrying Value Life insurance Third parties Rupiah: Corporate Bonds: Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan II Bank Panin Tahap II Tahun 2016 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Bank Sulselbar Tahap II Tahun 2016 Obligasi Berkelanjutan III Adira FinanceTahap III Tahun 2016 Seri C Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Tahap I Tahun 2016 Obligasi I Bank UOB Indonesia Tahun 2015 Seri C Obligasi Berkelanjutan I Maybank FinanceTahap III Tahun 2016 Seri B Obligasi Berkelanjutan I Maybank FinanceTahap II Tahun 2016 Seri B Obligasi Berkelanjutan I Maybank FinanceTahap II Tahun 2016 Seri A Obligasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 Obligasi Berkelanjutan III Adira FinanceTahap I Tahun 2015 Seri B Obligasi Indosat VIII Tahun 2012 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri E Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Subordinasi I Bank CIMB Niaga Tahun 2010 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri D
  427. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) e. 6. MARKETABLE SECURITIES (continued) e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2016 Peringkat/ Rating Asuransi jiwa (lanjutan) Pihak ketiga (lanjutan) Rupiah: (lanjutan) Obligasi Perusahaan: (lanjutan) Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri E Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap III Tahun 2014 Seri B Obligasi Berkelanjutan III Adira FinanceTahap IV Tahun 2016 Seri C Obligasi Berkelanjutan III Astra Sedaya Finance Tahap I Tahun 2016 Seri B Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap II Tahun 2014 Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Subordinasi Bank Panin III Tahun 2010 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Surat Utang Jangka Menengah VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Berkelanjutan I Bank CIMB Niaga Tahap II Tahun 2013 Seri C Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D Total pihak ketiga Nilai Nominal/ Nominal Amount Nilai Tercatat/ Carrying Value AA+ 15.480 16.274 AAA 15.083 14.394 AAA 11.886 11.995 AAA 11.906 11.888 AA- 10.200 10.377 AAA 10.190 9.943 AAA 10.000 9.871 AA 5.215 5.262 AA+ 5.150 5.124 AA 4.970 5.096 AA+ 5.050 5.091 AA+ 5.103 5.048 AA- 3.500 3.500 AA 3.102 3.134 AAA 3.000 3.050 AA+ 1.916 2.002 AAA 1.056 1.033 Life insurance (continued) Third parties (continued) Rupiah: (continued) Corporate Bonds: (continued) Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap I Tahun 2013 Obligasi Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri E Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap III Tahun 2014 Seri B Obligasi Berkelanjutan III Adira FinanceTahap IV Tahun 2016 Seri C Obligasi Berkelanjutan III Astra Sedaya Finance Tahap I Tahun 2016 Seri B Obligasi Subordinasi Berkelanjutan II Bank Permata Tahap II Tahun 2014 Obligasi Subordinasi I Bank BII Tahun 2011 Obligasi Subordinasi Bank Panin III Tahun 2010 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Medium Term Notes IV Bank Resona Perdania Tahun 2016 Obligasi Subordinasi I Bank UOB Indonesia Tahun 2014 Obligasi Berkelanjutan I Bank CIMB Niaga Tahap II Tahun 2013 Seri C Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri D 1.313.481 1.297.032 Total third parties 81 Annual Report 2017 | PT BNI Life Insurance 427
  428. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) e. e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2016 Peringkat/ Rating*) Asuransi jiwa (lanjutan) Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: Seri FR0073 Seri FR0067 Seri FR0072 Seri FR0059 Obligasi Perusahaan: Obligasi Berkelanjutan I Bank Mandiri Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan III SMF Tahap VI Tahun 2016 Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri B Obligasi Berkelanjutan I Telkom Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan II Mandiri Tunas Finance Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan II Waskita Karya Tahap I Tahun 2016 Obligasi Berkelanjutan Indonesia Eximbank II Tahap VII Tahun 2016 Seri C Obligasi PLN XII Tahun 2010 Seri B Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri C Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri D - Nilai Nominal/ Nominal Amount 71.388 64.703 43.768 19.614 73.529 61.963 44.420 18.668 199.473 198.580 Corporate Bonds: Obligasi Berkelanjutan I Bank Mandiri Tahap I Tahun 2016 Seri C Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri A Obligasi Berkelanjutan I PNM Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan III SMF Tahap VI Tahun 2016 Obligasi Berkelanjutan II Waskita Karya Tahap II Tahun 2016 Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri B Obligasi Berkelanjutan I Telkom Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan II Mandiri Tunas Finance Tahap II Tahun 2016 Seri B Obligasi Berkelanjutan II Waskita Karya Tahap I Tahun 2016 Obligasi Berkelanjutan Indonesia Eximbank II Tahap VII Tahun 2016 Seri C Obligasi PLN XII Tahun 2010 Seri B Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri B Obligasi Berkelanjutan II Bank BTN Tahap I Tahun 2015 Seri C Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016 Seri D 185.000 171.681 A 150.000 147.764 A 144.000 135.656 AA+ 80.000 77.548 A- 78.000 73.516 AA 20.028 19.807 AAA 15.000 15.457 AA+ 15.000 15.004 A- 15.000 14.865 AAA 10.000 10.127 AAA 5.290 5.207 AA+ 5.000 5.036 AA+ 5.000 5.003 AA 1.000 949 728.318 697.620 927.791 896.200 Total related parties 2.241.272 2.193.232 Total life insurance Total asuransi jiwa *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated 82 PT BNI Life Insurance | Laporan Tahunan 2017 Life insurance (continued) Related parties (Note 36) Rupiah: Government Bonds: Series FR0073 Series FR0067 Series FR0072 Series FR0059 AAA Total pihak-pihak berelasi 428 Nilai Tercatat/ Carrying Value
  429. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) e. e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2016 Peringkat/ Rating Link Pihak ketiga Rupiah: Obligasi Perusahaan: MTN VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap I Tahun 2015 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri C Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Indofood Sukses Makmur VII Tahun 2014 Obligasi Subordinasi III OCBC NISP Tahun 2010 Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap III Tahun 2014 Seri A Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 Total pihak ketiga Nilai Nominal/ Nominal Amount Nilai Tercatat/ Carrying Value AA- 96.500 96.500 A- 41.748 41.721 AAA 28.836 28.730 AA+ 16.434 16.501 AA+ 15.150 15.274 AAA 10.375 10.417 AAA 10.010 10.206 A 8.622 8.903 AA 8.145 8.306 AAA 5.943 5.997 AAA 5.010 5.193 AA+ 5.065 5.103 AA 5.115 5.071 AA- 4.995 5.053 AA+ 3.831 4.005 AA+ 3.000 2.916 AA+ 1.976 2.019 AA- 1.005 1.007 Link Third parties Rupiah: Corporate Bonds: MTN VI Bank Resona Perdania Tahun 2016 Obligasi Subordinasi Berkelanjutan II Bank Bukopin Tahap I Tahun 2015 Obligasi Indosat VIII Tahun 2012 Seri A Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap II Tahun 2012 Obligasi Berkelanjutan I BII Finance Tahap I Tahun 2015 Seri A Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri C Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri C Obligasi Subordinasi Berkelanjutan I Bank Bukopin Tahap I Tahun 2012 Obligasi Subordinasi II Bank CIMB Niaga Tahun 2010 Obligasi Berkelanjutan I Indosat Tahap II Tahun 2015 Seri B Obligasi Berkelanjutan I Indosat Tahap I Tahun 2014 Seri B Obligasi Indofood Sukses Makmur VII Tahun 2014 Obligasi Subordinasi III OCBC NISP Tahun 2010 Obligasi Berkelanjutan I Mitra Adi Perkasa Tahap III Tahun 2014 Seri A Obligasi Subordinasi Berkelanjutan I Bank BII Tahap II Tahun 2012 Obligasi Berkelanjutan I Maybank Finance Tahap III Tahun 2016 Seri B Obligasi Subordinasi Berkelanjutan I Bank BII Tahap I Tahun 2011 Obligasi Subordinasi Berkelanjutan I Bank Panin Tahap I Tahun 2012 271.760 272.922 Total third parties 83 Annual Report 2017 | PT BNI Life Insurance 429
  430. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) EFEK-EFEK (lanjutan) 6. MARKETABLE SECURITIES (continued) e. e. Tersedia untuk dijual (lanjutan) Available-for-sale (continued) 31 Desember/December 31, 2016 Peringkat/ Rating*) Link (lanjutan) Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Perusahaan: Obligasi I PTPN X Tahun 2013 Obligasi Berkelanjutan I PP Tahap I Tahun 2013 Obligasi Berkelanjutan I PLN Tahap I Tahun 2013 Seri B Nilai Nominal/ Nominal Amount Total related parties 281.760 282.554 Total link 9.000 9.215 Sharia Related parties (Note 36) Rupiah: Government Bonds: SBSN Series PBS012 2.532.032 2.485.001 Total bonds available-for-sale A+ 3.000 2.940 AAA - *) Obligasi Pemerintah dalam Rupiah tidak diperingkat *) Government bonds in Rupiah are unrated Aset keuangan yang diklasifikasikan sebagai tersedia untuk dijual terdiri dari obligasi dalam mata uang Rupiah. Tingkat bunga tetap tahunan dari obligasi dalam mata uang Rupiah adalah berkisar antara 6,13% - 12,00% pada tahun 2017 dan 7,00% - 12,00% pada tahun 2016. Available-for-sale financial assets consist of bonds denominated in Rupiah currency. Annual fixed interest rate of bonds denominated in Rupiah ranged from 6.13% - 12.00% in 2017 and 7.00% - 12.00% in 2016. PENYERTAAN SAHAM 7. INVESTMENT IN SHARES Akun ini merupakan penyertaan saham pada PT Bank BNI Syariah, pihak berelasi, sebesar Rp1.500 dengan persentase kepemilikan sebesar 0,1%. This account represents investment in shares of PT Bank BNI Syariah, a related party, amounting to Rp1,500 with percentage of ownership of 0.1%. Manajemen Perusahaan berpendapat bahwa tidak terdapat indikasi penurunan nilai atas penyertaan saham pada tanggal 31 Desember 2017 dan 2016. The Company’s management is of the opinion that there is no indication of impairment in values of investment in shares of stock as of December 31, 2017 and 2016. PINJAMAN PEMEGANG POLIS Akun ini merupakan pinjaman dalam mata uang Rupiah yang diberikan kepada pemegang polis dengan total maksimal 80% dari masing-masing nilai tunai polis. Pinjaman ini mempunyai tanggal pembayaran yang pasti dan memiliki suku bunga tahunan sebesar 12,00% pada tahun 2017 dan 2016. Saldo pinjaman tersebut pada tanggal 31 Desember 2017 dan 2016 masing-masing sebesar Rp805 dan Rp876. 430 9.632 4.818 Total obligasi tersedia untuk dijual 8. 1.874 10.000 5.000 Total link 7. 2.000 Link (continued) Related parties (Note 36) Rupiah: Corporate Bonds: Obligasi I PTPN X Tahun 2013 Obligasi Berkelanjutan I PP Tahap I Tahun 2013 Obligasi Berkelanjutan I PLN Tahap I Tahun 2013 Seri B BBB+ Total pihak-pihak berelasi Syariah Pihak-pihak berelasi (Catatan 36) Rupiah: Obligasi Pemerintah: SBSN Seri PBS012 Nilai Tercatat/ Carrying Value PT BNI Life Insurance | Laporan Tahunan 2017 8. LOAN TO POLICYHOLDERS This account represents loans denominated in Rupiah currency, which is granted to policyholders at a maximum amount of 80% of the cash surrender value of the respective policy. These loans have definite repayment dates and earned annual interest for 12.00% in 2017 and 2016. The balance of related loans as of December 31, 2017 and 2016 amounted to Rp805 and Rp876, respectively. 84
  431. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 9. PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) KAS DAN KAS PADA BANK 9. CASH ON HAND AND IN BANKS This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Portofolio Perusahaan Portofolio unit link 235.830 43.439 142.083 119.390 Company’s portfolio Unit-linked portfolio Total 279.269 261.473 Total 31 Desember/December 31, 2017 Kas 2016 111 Cash 182.542 19.363 187.190 9.189 Cash in banks: Third parties Rupiah US Dollar 201.905 196.379 76.548 647 61.400 3.583 77.195 64.983 Subtotal kas pada bank 279.100 261.362 Subtotal cash in banks Total 279.269 261.473 Total Kas pada bank: Pihak ketiga Rupiah Dolar Amerika Serikat 169 Pihak-pihak berelasi (Catatan 36) Rupiah Dolar Amerika Serikat 10. PIUTANG PREMI Related parties (Note 36) Rupiah US Dollar 10. PREMIUM RECEIVABLES This account represents individual and group premium receivables with details as follows: Akun ini merupakan piutang premi perorangan dan kumpulan dengan rincian sebagai berikut: 31 Desember/December 31, 2017 Pihak ketiga Asuransi jiwa Perorangan Kumpulan Syariah Kumpulan Cadangan kerugian penurunan nilai 2016 17.669 22.753 9.197 12.070 Third parties Life insurance Individual Group 8.006 8.899 Sharia Group 48.428 (1.945) 30.166 - Allowance for impairment loss 46.483 30.166 85 Annual Report 2017 | PT BNI Life Insurance 431
  432. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 10. PIUTANG PREMI (lanjutan) 10. PREMIUM RECEIVABLES (continued) 31 Desember/December 31, 2017 2016 Pihak-pihak berelasi (Catatan 36) Asuransi jiwa Kumpulan 62.648 16.107 Related parties (Note 36) Life insurance Group Syariah Kumpulan 21.657 6.013 Sharia Group Cadangan kerugian penurunan nilai 84.305 (290) 22.120 - Allowance for impairment loss 84.015 22.120 130.498 52.286 Total Total The aging analysis of premium receivables are as follows: Analisa umur piutang premi adalah sebagai berikut: 31 Desember/December 31, 2017 Beredar selama atau kurang dari 90 hari Beredar lebih dari 90 hari Dikurangi : Penyisihan atas penurunan nilai Total 2016 119.894 12.839 52.180 106 132.733 52.286 - Less: Provision for impairment 52.286 Total (2.235) 130.498 Outstanding for 90 days or less Outstanding for over 90 days The movement in the provision for impairment is as follows: Mutasi penyisihan atas penurunan nilai adalah sebagai berikut: 31 Desember/December 31, 2017 2016 Saldo awal Penyisihan neto tahun berjalan 2.235 - Beginning balance Net provision during the year Saldo akhir 2.235 - Ending balance Based on a review of the status of premium receivables at the end of the year, the Company’s management are of the opinion that the provision for impairment is sufficient to cover losses from uncollectible premium receivables. Berdasarkan penelaahan terhadap akun piutang premi pada akhir tahun, manajemen Perusahaan berkeyakinan bahwa penyisihan atas penurunan nilai tersebut adalah cukup untuk menutupi kerugian dari tidak tertagihnya piutang premi. 86 432 PT BNI Life Insurance | Laporan Tahunan 2017
  433. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 11. PIUTANG REASURANSI 11. REINSURANCE RECEIVABLES This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Pihak ketiga Asuransi jiwa PT Maskapai Reasuransi Indonesia Tbk PT Tugu Reasuransi Indonesia 702 - 721 164 Third parties Life insurance PT Maskapai Reasuransi Indonesia Tbk PT Tugu Reasuransi Indonesia Syariah PT Maskapai Reasuransi Indonesia Tbk 1.255 1.087 Sharia PT Maskapai Reasuransi Indonesia Tbk 1.957 1.972 Pihak-pihak berelasi (Catatan 36) Asuransi jiwa PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 15.604 1.243 15.274 627 Related parties (Note 36) Life insurance PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia Syariah PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 1.080 375 811 750 Sharia PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 18.302 17.462 20.259 19.434 Total Total The Company’s management is of the opinion that the above receivables are fully collectible and accordingly, no allowance for impairment loss is provided. Manajemen Perusahaan berpendapat bahwa piutang di atas seluruhnya dapat tertagih dan oleh karena itu, tidak perlu ditetapkan cadangan kerugian penurunan nilai. 12. PIUTANG HASIL INVESTASI 12. INVESTMENT INCOME RECEIVABLES This account represents receivables the Company’s investment income in: Akun ini merupakan piutang dari hasil investasi Perusahaan dalam: from 31 Desember/December 31, 2017 Pihak ketiga Asuransi jiwa Obligasi Deposito berjangka Pinjaman pemegang polis Saham Syariah Obligasi 2016 60.125 1.595 119 - 32.319 1.283 68 58.493 Third parties Life insurance Bonds Time deposits Loan to policyholders Shares 1.404 893 Sharia Bonds 63.243 93.056 87 Annual Report 2017 | PT BNI Life Insurance 433
  434. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 12. PIUTANG HASIL INVESTASI (lanjutan) 12. INVESTMENT (continued) INCOME RECEIVABLES 31 Desember/December 31, 2017 Pihak-pihak berelasi (Catatan 36) Asuransi jiwa Obligasi Deposito berjangka Saham 55.858 439 - 64.976 428 1.890 Related parties (Note 36) Life insurance Bonds Time deposits Shares 2.173 1.497 Sharia Bonds 58.470 68.791 121.713 161.847 Syariah Obligasi Total 2016 Total Included in the investment income receivables portion unit-linked portfolio amounting to Rp22,695 and Rp21,797 in 2017 and 2016, respectively. Di dalam piutang hasil investasi terdapat bagian yang dimiliki oleh portofolio unit link sebesar Rp22.695 dan Rp21.797 masing-masing pada tahun 2017 dan 2016. 13. BEBAN DIBAYAR DI MUKA 13. PREPAID EXPENSES This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Sewa Lain-lain 2.555 12.472 18.831 10.782 Rent Others Total 15.027 29.613 Total 14. PIUTANG LAIN-LAIN - NETO 14. OTHER RECEIVABLES - NET This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Asuransi jiwa Piutang kelebihan klaim kesehatan Piutang kepada manajer investasi Piutang pegawai Lain-lain 40.793 35.882 2.664 18.229 19.483 75.908 33 9.810 Cadangan kerugian penurunan nilai 97.568 (2.495) 105.234 (2.495) 95.073 102.739 88 434 PT BNI Life Insurance | Laporan Tahunan 2017 Life insurance Excess health claim receivables Receivable from fund manager Loan to employee Others Allowance for impairment loss
  435. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 14. PIUTANG LAIN-LAIN - NETO (lanjutan) 14. OTHER RECEIVABLES - NET (continued) 31 Desember/December 31, 2017 Syariah Piutang kelebihan klaim kesehatan Piutang kepada manajer investasi Piutang pegawai Total 2016 2.761 74 - 619 489 108 2.835 1.216 97.908 103.955 Sharia Excess health claim receivables Received from fund manager Loan to employee Total Di dalam piutang lain-lain - neto tidak terdapat bagian yang dimiliki oleh portofolio unit link pada tahun 2017 dan 2016. There are no other receivables - net portion unit-linked portfolio in 2017 and 2016. Manajemen Perusahaan telah melakukan cadangan kerugian penurunan nilai atas piutang kelebihan klaim kesehatan sebesar Rp2.495 pada tahun 2017 dan 2016 dan berkeyakinan bahwa cadangan tersebut telah cukup. The Company’s management has provided allowance for impairment loss of excess health claim receivables amounting to Rp2,495 in 2017 and 2016 and believes that the allowance provided is adequate. 15. ASET LAIN-LAIN - NETO 15. OTHER ASSETS - NET This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Beban ditangguhkan Uang jaminan Aset tak berwujud - neto Iuran keanggotaan Lain-lain 831.111 23.150 16.503 605 2 904.444 18.975 11.649 650 2 Deferred charges Security deposits Intangible assets - net Membership fees Others Total 871.371 935.720 Total Pada tanggal 12 Mei 2014, Perusahaan telah melakukan pembayaran ke PT Bank Negara Indonesia (Persero) Tbk terkait perjanjian pemasaran produk dan diakui sebagai beban ditangguhkan. Beban ditangguhkan ini diamortisasi menggunakan metode garis lurus selama 15 tahun. On May 12, 2014, the Company had paid to PT Bank Negara Indonesia (Persero) Tbk in relation to product marketing agreement and recognized such payment as deferred charges. This deferred charges are amortized using straight-line method for 15 years. Manajemen Perusahaan berpendapat bahwa tidak terdapat indikasi penurunan nilai atas aset lain-lain neto pada tanggal 31 Desember 2017 dan 2016. The Company’s management is of the opinion that there is no indication of impairment in values of other assets - net as of December 31, 2017 and 2016. 89 Annual Report 2017 | PT BNI Life Insurance 435
  436. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 16. ASET TETAP - NETO 16. FIXED ASSETS - NET This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 Saldo awal/ Beginning balance Biaya perolehan/Nilai revaluasi Kepemilikan langsung Tanah Bangunan Kendaraan Perabot kantor Peralatan kantor Perlengkapan kantor Aset dalam penyelesaian Penambahan dan reklasifikasi/ Additions and reclassification Pengurangan dan reklasifikasi/ Disposals and reclassification Saldo akhir/ Ending balance 27.193 23.090 6.645 40.971 33.869 4.420 14.833 275 8.586 9.234 458 23.951 (1.589) (23.893) (1.377) (1.067) (20.202) 27.193 23.090 5.331 25.664 41.726 3.811 18.582 151.021 42.504 (48.128) 145.397 30.813 2.393 (1.048) 32.158 181.834 44.897 (49.176) 177.555 Akumulasi penyusutan Kepemilikan langsung Bangunan Kendaraan Perabot kantor Peralatan kantor Perlengkapan kantor 1.651 4.559 23.249 22.425 3.553 1.155 897 7.130 6.328 412 (1.497) (23.720) (992) 2.806 3.959 6.659 28.753 2.973 Sewa pembiayaan Kendaraan 55.437 15.922 (26.209) 45.150 14.292 6.942 (943) 20.291 69.729 22.864 (27.152) 65.441 Sewa pembiayaan Kendaraan Nilai tercatat 112.105 112.114 Acquisition cost/Revaluation amount Direct ownership Land Buildings Vehicles Office furniture and fixtures Office equipments Office supplies Construction in progress Finance lease Vehicles Accumulated depreciation Direct ownership Buildings Vehicles Office furniture and fixtures Office equipments Office supplies Finance lease Vehicles Carrying Value 31 Desember/December 31, 2016 Saldo awal/ Beginning balance Biaya perolehan/Nilai revaluasi Kepemilikan langsung Tanah Bangunan Kendaraan Perabot kantor Peralatan kantor Perlengkapan kantor Aset dalam penyelesaian Sewa pembiayaan Kendaraan Akumulasi penyusutan Kepemilikan langsung Bangunan Kendaraan Perabot kantor Peralatan kantor Perlengkapan kantor Penambahan dan reklasifikasi/ Additions and reclassification Pengurangan dan reklasifikasi/ Disposals and reclassification 27.193 23.090 6.270 33.063 31.422 3.875 6.968 375 8.305 6.518 545 7.913 (397) (4.071) (48) 27.193 23.090 6.645 40.971 33.869 4.420 14.833 131.881 23.656 (4.516) 151.021 23.139 9.350 (1.676) 30.813 155.020 33.006 (6.192) 181.834 496 3.760 16.297 17.225 3.215 1.155 799 6.952 5.203 338 (3) - 1.651 4.559 23.249 22.425 3.553 40.993 14.447 (3) 55.437 90 436 PT BNI Life Insurance | Laporan Tahunan 2017 Saldo akhir/ Ending balance Acquisition cost/Revaluation amount Direct ownership Land Buildings Vehicles Office furniture and fixtures Office equipments Office supplies Construction in progress Finance lease Vehicles Accumulated depreciation Direct ownership Buildings Vehicles Office furniture and fixtures Office equipments Office supplies
  437. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 16. ASET TETAP - NETO (lanjutan) 16. FIXED ASSETS - NET (continued) 31 Desember/December 31, 2016 Saldo awal/ Beginning balance Sewa pembiayaan Kendaraan Nilai tercatat Penambahan dan reklasifikasi/ Additions and reclassification Pengurangan dan reklasifikasi/ Disposals and reclassification Saldo akhir/ Ending balance 8.753 7.143 (1.604) 14.292 49.746 21.590 (1.607) 69.729 105.274 112.105 Finance lease Vehicles Carrying Value Penyusutan yang dibebankan pada operasi sebesar Rp22.864 dan Rp21.590 pada tahun 2017 dan 2016 (Catatan 34). Depreciation charged to operations amounted to Rp22,864 and Rp21,590 in 2017 and 2016, respectively (Note 34). Kerugian atas penghapusan dan penjualan aset tetap disajikan sebagai bagian dari beban (pendapatan) lain-lain neto “Beban non operasi lain-lain” (Catatan 35). Net loss from disposed and sold of fixed assets are presented as part of other expenses (income), net “Non-operating expenses - Others” (Note 35). Perusahaan melakukan perjanjian sewa pembiayaan dengan PT BNI Multifinance dan PT Visionet International untuk pembelian kendaraan, komputer, laptop, dan printer. Jangka waktu sewa pembiayaan adalah 3 - 5 tahun. Utang sewa pembiayaan ini dijamin dengan aset yang bersangkutan. The Company entered into finance lease agreements with PT BNI Multifinance and PT Visionet International to purchase vehicle, computer, laptop and printer. The period of finance lease is 3 - 5 years. This obligation under finance lease is secured by the related assets. Pada tanggal 31 Desember 2017 dan 2016, pembayaran sewa minimum di masa yang akan datang berdasarkan perjanjian sewa pembiayaan adalah sebagai berikut: As of December 31, 2017 and 2016, future minimum rental payments required under the lease agreements are as follows: 31 Desember/December 31, 2017 2016 2018 2019 2020 4.168 1.526 912 8.467 4.302 - Total Bunga yang belum jatuh tempo 6.606 (62) 12.769 (400) Utang sewa pembiayaan 6.544 12.369 2018 2019 2020 Total Not due interest Obligations under finance lease Fixed assets such as buildings, vehicles and office equipment are covered by insurance against loss from fire and other risks under blanket policies amounting to Rp45 billions and Rp98 billions as of December 31, 2017 and 2016, respectively. The Management believe that the amount of insurance coverage is adequate to cover possible losses from such risks. Aset tetap berupa bangunan, kendaraan, dan peralatan kantor telah diasuransikan terhadap risiko kebakaran dan risiko lainnya berdasarkan suatu paket polis tertentu masing-masing dengan nilai pertanggungan sebesar Rp45 milyar dan Rp98 milyar pada tanggal 31 Desember 2017 dan 2016. Manajemen berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutupi kemungkinan kerugian atas aset tetap yang dipertanggungkan. 91 Annual Report 2017 | PT BNI Life Insurance 437
  438. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 16. ASET TETAP - NETO (lanjutan) 16. FIXED ASSETS - NET (continued) Berdasarkan hasil penelaahan terhadap nilai yang dapat diperoleh kembali dari aset tetap, manajemen berpendapat bahwa tidak ada peristiwa-peristiwa atau perubahan keadaan yang mengindikasikan bahwa nilai aset tetap tidak dapat seluruhnya terpulihkan pada tanggal 31 Desember 2017 dan 2016. Based on the review of the recoverable amount of the fixed assets, the managements believe that there are no events or changes in circumstances as of December 31, 2017 and 2016, that indicate the value of fixed assets may not be fully recoverable. Jika tanah dan bangunan dicatat sebesar harga perolehan, maka dicatat dalam jumlah sebagai berikut: If land and buildings are recorded on historical cost basis, the amount would be as follow: 31 Desember/December 31, 2017 Tanah Bangunan Harga perolehan Akumulasi penyusutan Nilai buku bersih Total nilai buku bersih 2016 4.888 4.888 15.262 (8.144) 15.262 (7.381) 7.118 7.881 12.006 12.769 Land Building Cost Accumulated depreciation Net book value Total net book value Increase in the carrying amount land and buildings resulting in the recognition of “Assets revaluation reserve” amounting to Rp32,996 in 2017 and 2016. Total kenaikan nilai tercatat yang timbul dari revaluasi tanah dan bangunan setelah dikurangkan dengan pajak tangguhan terkait dicatat sebagai “Cadangan revaluasi aset” adalah sebesar Rp32.996 pada tahun 2017 dan 2016. 17. ASET REASURANSI 17. REINSURANCE ASSETS This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Liabilitas manfaat polis masa depan Penyisihan kontribusi yang belum menjadi hak Premi yang belum merupakan pendapatan Estimasi liabilitas klaim 27.649 27.101 Liability for future policy benefits 13.142 10.848 Unearned contributions provisions 10.660 3.557 10.656 5.165 Unearned premiums Estimated claim liabilities Total 55.008 53.770 Total 92 438 PT BNI Life Insurance | Laporan Tahunan 2017
  439. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 18. LIABILITAS KEPADA PEMEGANG POLIS 18. LIABILITIES TO POLICYHOLDERS Perusahaan mengakui liabilitas manfaat polis masa depan, penyisihan kontribusi yang belum menjadi hak, estimasi liabilitas klaim dan premi yang belum merupakan pendapatan berdasarkan perhitungan internal aktuaris pada tanggal 31 Desember 2017 dan 2016. The Company recognized liabilities for future policy benefits, unearned contributions provisions, estimated claim liabilities and unearned premiums as of December 31, 2017 and 2016, based on internal actuary’s calculations. a. a. Liabilitas manfaat polis masa depan Liabilities for future policy benefits Liabilities for future policy benefits represents amount provided for all obligations arising from the terms of the policies in force at the consolidated statement of financial position. The computation of liabilities for future policy benefits is based on the following actuarial assumptions: Liabilitas manfaat polis masa depan merupakan total dana yang disediakan untuk seluruh kewajiban yang timbul dari persyaratan yang tertera pada polis-polis yang masih berlaku pada tanggal laporan posisi keuangan konsolidasian. Perhitungan liabilitas manfaat polis masa depan menggunakan asumsi-asumsi aktuaria sebagai berikut: 31 Desember/December 31, 2017 Metode aktuaria Tabel mortalitas Tabel morbiditas Suku bunga tahunan Rupiah Dolar Amerika Serikat Gross Premium Valuation TMI III (2011) Munich Re basis Hospitalisation (Health Insurance & Cash Plan) 2016 Gross Premium Valuation TMI III (2011) Munich Re basis Hospitalisation (Health Insurance & Cash Plan) 6,76% - 8,0% 2,21% - 4,5% 8,0% 4,5% Actuarial methods Mortality tables Morbidity tables Annual interest rate Rupiah US Dollar Asumsi lain yang digunakan dalam perhitungan liabilitas manfaat polis masa depan adalah tingkat lapse, inflasi dan asumsi biaya. Other assumptions used in the calculation of liabilities for future policy benefits include lapse rate, inflation and expense assumption. Rincian liabilitas manfaat polis masa depan adalah sebagai berikut: Details of liabilities for future policy benefits are as follows: 31 Desember/December 31, 2017 Asuransi jiwa Perorangan Kumpulan Link Perorangan Kumpulan Total 2016 3.199.260 641.570 1.787.607 609.427 3.840.830 2.397.034 4.657.722 1.291.722 4.186.424 800.834 5.949.444 4.987.258 9.790.274 7.384.292 Life insurance Individual Group Link Individual Group Total 93 Annual Report 2017 | PT BNI Life Insurance 439
  440. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 18. LIABILITAS (lanjutan) a. KEPADA PEMEGANG PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) POLIS 18. LIABILITIES TO POLICYHOLDERS (continued) a. Liabilitas manfaat polis masa depan (lanjutan) Termasuk dalam liabilitas manfaat polis masa depan adalah saldo dalam mata uang asing sebesar 4.751.554 Dolar AS (2016: 2.994.576 Dolar AS). Included in the above liabilities for future policy benefits are balances in foreign currencies amounting to USD4,751,554 (2016: USD2,994,576). Mutasi pada liabilitas manfaat polis masa depan adalah sebagai berikut: Movements in the liabilities for future policy benefits are as follows: 31 Desember/December 31, 2017 Kotor/Gross b. Liabilities for future policy benefits (continued) 7.384.292 Aset Reasuransi/ Reinsurance assets Neto/Net (27.101) 31 Desember/December 31, 2016 Aset reasuransi/ Reinsurance assets Kotor/Gross 7.357.191 4.552.537 Saldo awal Perubahan pada liabilitas manfaat polis masa depan 2.405.982 (548) 2.405.434 2.831.755 5.120 2.836.875 Beginning balance Changes in liabilities for future policy benefits Saldo akhir 9.790.274 (27.649) 9.762.625 7.384.292 (27.101) 7.357.191 Ending balance b. Penyisihan kontribusi yang belum menjadi hak (32.221) Neto/Net 4.520.316 Unearned contributions provisions Penyisihan kontribusi yang belum menjadi hak meliputi penyisihan teknis dan kontribusi yang belum menjadi hak. Unearned contributions provisions represents technical reserves and unearned contributions. Penyisihan teknis merupakan total penyisihan untuk memenuhi risiko yang timbul pada periode mendatang. Perhitungan penyisihan kontribusi yang belum menjadi hak menggunakan asumsi-asumsi aktuaria sebagai berikut: Technical reserves represent reserves amount provided for such risks arising in future periods. The computation of unearned contributions provisions is based on the following actuarial assumptions: 31 Desember/December 31, Metode aktuaria Tabel mortalita Tabel morbidita Tingkat bagi hasil tahunan Rupiah 2017 2016 Net Premium Prospective Method TMI II Pria/Male, Rate reasuransi (Kecelakaan diri Grup)/Reinsurance rate (Group personal accident) Munich Re basis (Health Insurance) Net Premium Prospective Method TMI II Pria/Male, Rate reasuransi (Kecelakaan diri Grup)/Reinsurance rate (Group personal accident) Munich Re basis (Health Insurance) 4,0% - 8,0% 6,0% - 8,0% 94 440 PT BNI Life Insurance | Laporan Tahunan 2017 Actuarial method Mortality tables Morbidity tables Annual profit sharing rate Rupiah
  441. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 18. LIABILITAS (lanjutan) b. KEPADA PEMEGANG PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) POLIS 18. LIABILITIES TO POLICYHOLDERS (continued) b. Penyisihan kontribusi yang belum menjadi hak (lanjutan) Unearned contributions provisions (continued) Details of unearned contributions provisions are as follows: Rincian penyisihan kontribusi yang belum menjadi hak adalah sebagai berikut: 31 Desember/December 31, 2017 Syariah Perorangan Kelompok 2016 172 100.028 151 113.310 100.200 113.461 Sharia Individual Group Movements in the unearned contributions provision are as follows: Mutasi pada penyisihan kontribusi yang belum menjadi hak adalah sebagai berikut: 31 Desember/December 31, 2017 c. 2016 Saldo awal Perubahan pada penyisihan kontribusi yang belum menjadi hak 113.461 98.151 (13.261) 15.310 Beginning balance Changes in unearned contributions provisions Saldo akhir 100.200 113.461 Ending balance c. Premi yang belum merupakan pendapatan Unearned premiums Unearned premiums by type of insurance are as follows: Premi yang belum merupakan pendapatan menurut jenis asuransi adalah sebagai berikut: 31 Desember/December 31, 2017 Asuransi jiwa Perorangan Kesehatan Kecelakaan diri Link Ekawarsa Kumpulan Kesehatan Ekawarsa Kecelakaan diri Total 2016 23.415 22.750 5.979 897 24.102 10.557 6.587 1.344 53.041 42.590 160.319 10.629 763 83.401 13.713 775 171.711 97.889 224.752 140.479 Life insurance Individual Health Personal accident Link Term life Group Health Term life Personal accident Total 95 Annual Report 2017 | PT BNI Life Insurance 441
  442. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 18. LIABILITAS (lanjutan) c. KEPADA PEMEGANG PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) POLIS 18. LIABILITIES TO POLICYHOLDERS (continued) c. Premi yang belum merupakan pendapatan (lanjutan) Unearned premiums (continued) Movements in unearned premiums are as follows: Mutasi pada premi yang belum merupakan pendapatan adalah sebagai berikut: 31 Desember/December 31, 2017 Kotor/Gross d. Aset Reasuransi/ Reinsurance assets 31 Desember/December 31, 2016 Neto/Net Aset reasuransi/ Reinsurance assets Kotor/Gross Neto/Net Saldo awal Perubahan pada premi yang belum merupakan pendapatan 140.479 (10.656) 129.823 71.438 (4.081) 67.357 Beginning balance 84.273 (4) 84.269 69.041 (6.575) 62.466 Changes in unearned premiums Saldo akhir 224.752 (10.660) 214.092 140.479 (10.656) 129.823 Ending balance d. Estimasi liabilitas klaim Estimated claim liabilities Estimated claim liabilities by type of insurance are as follows: Estimasi liabilitas klaim menurut jenis asuransi adalah sebagai berikut: 31 Desember/December 31, 2017 2016 Asuransi jiwa Perorangan Jangkawarsa Kesehatan Kecelakaan diri Ekawarsa 57.117 2.327 1.048 - 38.176 2.005 1.527 14.607 Life insurance Individual Term life Health Personal Accident Term life Kumpulan Kesehatan Seumur hidup Kecelakaan diri 54.941 38.939 1.500 47.571 14.440 19 Group Health Life time Personal Accident 155.872 118.345 Syariah Kumpulan Kesehatan Kecelakaan diri Ekawarsa Asuransi jiwa kredit Total 7.318 261 29 1.266 2.978 777 1.062 621 8.874 5.438 164.746 123.783 96 442 PT BNI Life Insurance | Laporan Tahunan 2017 Sharia Group Health Personal accident Term life Credit life Total
  443. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 18. LIABILITAS (lanjutan) d. KEPADA PEMEGANG PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) POLIS 18. LIABILITIES TO POLICYHOLDERS (continued) d. Estimasi liabilitas klaim (lanjutan) Movements in estimated claim liabilities are as follows: Mutasi pada estimasi liabilitas klaim adalah sebagai berikut: 31 Desember/December 31, 2017 Kotor/Gross Asuransi jiwa Saldo awal Perubahan pada estimasi liabilitas klaim Saldo akhir Aset Reasuransi/ Reinsurance assets Estimated claim liabilities (continued) 31 Desember/December 31, 2016 Neto/Net Aset reasuransi/ Reinsurance assets Kotor/Gross Neto/Net 37.527 1.608 39.135 39.394 (3.530) 35.864 Life insurance Beginning balance Changes in estimated claim liabilities 155.872 (3.557) 152.315 118.345 (5.165) 113.180 Ending balance 118.345 (5.165) 113.180 78.951 (1.635) 77.316 31 Desember/December 31, 2017 2016 Syariah Saldo awal Perubahan pada estimasi liabilitas klaim (Catatan 19c) 5.438 2.365 3.436 3.073 Sharia Beginning balance Changes in estimated claim liabilities (Note 19c) Saldo akhir 8.874 5.438 Ending balance Perubahan pada estimasi liabilitas klaim untuk asuransi jiwa dicatat sebagai penambah (pengurang) beban klaim dan manfaat bruto dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian. Untuk syariah, perubahan pada estimasi liabilitas klaim diakui sebagai beban penyisihan teknis dalam laporan surplus defisit dana tabarru’ usaha tahun berjalan (Catatan 19). Changes in estimated claim liabilities for life insurance is recorded as addition (deduction) of gross claim and policy benefit expenses in the consolidated statement of profit or loss and other comprehensive income. For sharia, changes in estimated claim liabilities is recognized as technical reserve expenses in surplus deficit of tabarru’ fund current year operations (Note 19). Perubahan atas liabilitas manfaat polis masa depan, penyisihan kontribusi yang belum menjadi hak, premi yang belum merupakan pendapatan, dan estimasi liabilitas klaim pada tanggal 31 Desember 2016 telah disetujui oleh Otoritas Jasa Keuangan (OJK) berdasarkan Surat Nomor S-542/NB.211/2017 tanggal 31 Mei 2017. Persetujuan oleh OJK untuk liabilitas manfaat polis masa depan, penyisihan kontribusi yang belum menjadi hak, dan premi yang belum merupakan pendapatan pada tanggal 31 Desember 2017 masih dalam proses sampai dengan tanggal penyelesaian laporan keuangan konsolidasian ini. The changes liabilities for future policy benefits, unearned contributions provisions, unearned premium and estimated claim liabilities as of December 31, 2016 has been approved by Otoritas Jasa Keuangan (OJK) in its letter Number S-542/NB.211/2017 dated May 31, 2017. The approval from OJK for the liabilities for future policy benefits, unearned contributions provisions and unearned premium as of December 31, 2017 is still in progress until the completion date of these consolidated financial statements. 97 Annual Report 2017 | PT BNI Life Insurance 443
  444. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 18. LIABILITAS (lanjutan) e. KEPADA PEMEGANG PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) POLIS 18. LIABILITIES TO POLICYHOLDERS (continued) e. Utang klaim Claim payables This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 Asuransi jiwa Pengembalian Kesehatan Jatuh tempo Penebusan Kematian Link Penebusan Pengembalian Syariah Kesehatan Kematian Total 2016 12.023 2.071 142 34 - 1.814 2.945 93 16 26 14.270 4.894 391 10 273 - 401 273 3.497 93 741 213 3.590 954 18.261 6.121 19. DANA PESERTA Life insurance Refund Health Maturity Surrender Death Link Surrender Refund Sharia Health Death Total 19. PARTICIPANTS’ FUNDS This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Dana syirkah temporer mudharabah Dana investasi peserta wakalah Dana tabarru’ 187.062 40.073 19.907 71.794 11.633 Syirkah temporer mudharabah fund Wakalah investment participant fund Tabarru’ fund Total 247.042 83.427 Total a. a. Dana syirkah temporer mudharabah merupakan dana investasi peserta yang menggunakan akad mudharabah atau mudharabah musyarakah. 98 444 PT BNI Life Insurance | Laporan Tahunan 2017 Syirkah temporer mudharabah fund represent participants’ investment funds which is using akad mudharabah or mudharabah musyarakah.
  445. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 19. DANA PESERTA (lanjutan) b. 19. PARTICIPANTS’ FUNDS (continued) b. Dana investasi peserta wakalah merupakan dana investasi peserta yang menggunakan akad wakalah. Wakalah investment participant fund represent participants’ investment funds which is using akad wakalah. Pada tanggal 31 Desember 2017, Perusahaan telah menyajikan seluruh dana investasi yang menggunakan akad wakalah di laporan keuangan konsolidasian. Penyajian ini diterapkan secara prospektif karena tidak material terhadap laporan posisi keuangan konsolidasian. As of December 31, 2017, the Company has also presented all investment funds which is using akad wakalah in the consolidated statement of financial positions. This presentation are applied prospectively due to there is no significant impact to the consolidated statement of financial positions. Pada tanggal 31 Desember 2016, Perusahaan juga telah menyalurkan seluruh dana investasi yang menggunakan akad wakalah di reksadana dan saham dan melaporkan penyaluran tersebut dalam laporan perubahan dana investasi terikat wakalah. As of December 31, 2016, the Company has also distributed all investment funds which is using akad wakalah in mutual funds and shares and reported in the statement of changes in restricted wakalah investment funds. Rincian dana investasi peserta wakalah pada tahun 2017 dan 2016 adalah sebagai berikut: Detail of participant fund in wakalah investment are as follows: 31 Desember/December 31, 2017 Reksadana Trim Syariah Berimbang Danareksa Syariah Berimbang Panin Dana Syariah Berimbang SAM Syariah Berimbang Mandiri Investa Dana Syariah PNM Amanah Syariah Kas pada Bank Utang penempatan/pelepasan Penyesuaian harga pasar Saham PT Surya Semesta Internusa Tbk PT Unilever Tbk PT United Tractors Tbk PT Indofood Sukses Makmur Tbk PT Adaro Energi Tbk PT Indo Tambang Raya Tbk PT Indofood CBP Sukses Makmur Tbk PT Kalbe Farma Tbk PT Indocement Tunggal Prakarsa Tbk PT PP London Sumatra Indonesia Tbk PT Astra International Tbk PT Astra Agro Lestari Tbk PT Timah (Persero) Tbk PT Telekomunikasi Indonesia (Persero) Tbk PT Harum Energy Tbk PT Inco Vale Indonesia Tbk PT Bukit Asam (Persero) Tbk PT Waskita Karya (Persero) Tbk PT Aneka Tambang (Persero) Tbk Kas pada bank 2016 11.793 9.927 6.726 1.288 810 749 317 (814) 2.486 11.793 9.835 6.807 5.101 1.104 582 172 (292) 563 33.282 35.665 1.719 987 844 713 662 593 558 536 262 564 2.173 271 881 799 765 637 498 371 370 311 192 155 624 Mutual funds Trim Syariah Berimbang Danareksa Syariah Berimbang Panin Dana Syariah Berimbang SAM Syariah Berimbang Mandiri Investa Dana Syariah PNM Amanah Syariah Cash in banks Payable subscription/redemption Mark-to-market price Shares PT Surya Semesta Internusa Tbk PT Unilever Tbk PT United Tractors Tbk PT Indofood Sukses Makmur Tbk PT Adaro Energi Tbk PT Indo Tambang Raya Tbk PT Indofood CBP Sukses Makmur Tbk PT Kalbe Farma Tbk PT Indocement Tunggal Prakarsa Tbk PT PP London Sumatra Indonesia Tbk PT Astra International Tbk PT Astra Agro Lestari Tbk PT Timah (Persero) Tbk PT Telekomunikasi Indonesia (Persero) Tbk PT Harum Energy Tbk PT Inco Vale Indonesia Tbk PT Bukit Asam (Persero) Tbk PT Waskita Karya (Persero) Tbk PT Aneka Tambang (Persero) Tbk Cash in bank 99 Annual Report 2017 | PT BNI Life Insurance 445
  446. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 19. DANA PESERTA (lanjutan) 19. PARTICIPANTS’ FUNDS (continued) 31 Desember/December 31, 2017 Saham (lanjutan) Penyesuaian harga pasar Piutang penempatan/pelepasan (203) (444) Total c. 2016 147 432 6.791 8.626 40.073 44.291 Shares (continued) Mark-to-market price Receivable subscription/redemption Total c. Statement of surplus deficit in tabarru’ fund are as follows: Laporan surplus defisit dana tabarru’ adalah sebagai berikut: 31 Desember/December 31, 2017 Pendapatan asuransi Kontribusi bruto Ujrah Kontribusi reasuransi Beban asuransi Klaim dan manfaat Klaim reasuransi Penurunan estimasi liabilitas klaim (Catatan 18d) Penurunan (kenaikan) penyisihan kontribusi yang belum menjadi hak Surplus (defisit) underwriting Surplus (defisit) underwriting distribusi ke peserta Surplus (defisit) underwriting distribusi ke Perusahaan 2016 227.294 (64.986) (16.256) 179.028 (49.897) (12.773) (171.810) 16.944 (109.327) 11.096 (3.436) (3.073) 15.554 (12.808) 3.304 2.246 (46) (100) (48) (167) Insurance expenses Claim and benefits Reinsurance claims Decrease in estimated claim liabilities (Note 18d) Decrease (increase) in unearned contributions provisions Surplus (deficit) underwriting Surplus (deficit) underwriting distribute to participants Surplus (deficit) underwriting distribute to the Company Surplus underwriting distribusi ke dana tabarru’ 3.210 1.979 Surplus underwriting distribute to tabarru’ fund Pendapatan dan beban investasi Pendapatan bagi hasil Hasil lain-lain - neto 4.023 708 2.759 224 Investment income and expenses Sharing profit Other income - net 333 - Other comprehensive income Changes in fair value of investment 8.274 4.962 Surplus tabarru’ fund at the current year Saldo awal 11.633 6.671 Beginning balance Saldo akhir 19.907 11.633 Ending balance Penghasilan komprehensif lainnya Perubahan nilai wajar investasi Surplus dana tabarru’ tahun berjalan 100 446 Insurance income Gross contributions Ujrah Reinsurance contributions PT BNI Life Insurance | Laporan Tahunan 2017
  447. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 20. TITIPAN PREMI 20. PREMIUM DEPOSITS This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 Asuransi jiwa Perorangan Kumpulan Syariah Perorangan Kumpulan Total 2016 53.221 21.873 27.295 19.904 75.094 47.199 1.239 1.943 770 784 3.182 1.554 78.276 48.753 21. UTANG REASURANSI Life insurance Individual Group Sharia Individual Group Total 21. REINSURANCE PAYABLES This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Pihak ketiga Asuransi jiwa PT Maskapai Reasuransi Indonesia Tbk PT Tugu Reasuransi Indonesia 1.542 260 865 525 Third parties Life insurance PT Maskapai Reasuransi Indonesia Tbk PT Tugu Reasuransi Indonesia Syariah PT Maskapai Reasuransi Indonesia Tbk 2.362 2.076 Sharia PT Maskapai Reasuransi Indonesia Tbk 4.164 3.466 Pihak-pihak berelasi (Catatan 36) Asuransi jiwa PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 9.751 334 17.805 2.135 Related parties (Note 36) Life insurance PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia Syariah PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 1.668 1.456 1.358 1.664 Sharia PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 13.209 22.962 17.373 26.428 Total Total 101 Annual Report 2017 | PT BNI Life Insurance 447
  448. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 22. PERPAJAKAN a. 22. TAXATION a. Utang pajak Taxes payable This account consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 b. 2016 Pajak penghasilan: Pasal 21 Pasal 23 Pasal 26 Pasal 4(2) Pajak pertambahan nilai 1.565 339 286 66 438 1.248 413 8 36 228 Income tax: Article 21 Article 23 Article 26 Article 4(2) Value added tax Total 2.694 1.933 Total b. Rekonsiliasi antara laba sebelum manfaat pajak penghasilan sebagaimana disajikan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dan akumulasi rugi fiskal untuk tahun yang berakhir pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: A reconciliation between income before tax benefit as shown in the consolidated statement of profit or loss and other comprehensive income and accumulated tax loss for years ended December 31, 2017 and 2016, are as follows: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Laba sebelum manfaat pajak penghasilan Beda waktu: IBNR Imbalan kerja Penyusutan aset tetap Penyisihan penurunan nilai piutang Amortisasi aset tak berwujud dan amortisasi beban ditangguhkan Keuntungan yang belum direalisasi dari obligasi Lain-lain 2016 368.387 171.706 11.272 10.218 9.091 2.235 24.548 23.997 5.877 1.252 1.010 6.977 (1.812) 1.397 (879) (220) 33.411 Beda tetap: Beban yang berkaitan dengan pendapatan yang dikenakan pajak final Jamuan, representasi dan promosi Beban pajak final Kerugian (keuntungan) yang belum direalisasi atas investasi dalam efek-efek Natura dan lainnya Gaji dan tunjangan Telekomunikasi Pendapatan yang dikenakan pajak final PT BNI Life Insurance | Laporan Tahunan 2017 Temporary differences: IBNR Employee benefits Depreciation of fixed assets Provision for impairment of receivables Amortization of intangible assets and amortization of deferred charges Unrealized gain on bonds Others 61.552 Permanent differences: Expense related to income subjected to final tax Entertainment, representation and promotion Final tax expenses 330.448 95.741 56.574 301.161 54.515 52.044 37.339 10.129 9.540 3.343 (36.215) 3.059 2.866 3.602 Unrealized loss (gain) on marketable securities Benefit in kind and others Salaries and allowance Telecommunication (810.981) (470.387) Income subjected to final tax (267.867) (89.355) 102 448 Income before tax benefit
  449. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 22. PERPAJAKAN (lanjutan) 22. TAXATION (continued) Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 2016 Estimasi laba fiskal tahun berjalan Akumulasi rugi fiskal tahun-tahun sebelumnya Hasil pemeriksaan kantor pajak 133.931 143.903 (488.383) - (641.390) 9.104 Accumulated tax loss prior years Tax assessment result from tax office Estimasi akumulasi rugi fiskal (354.452) (488.383) Estimated accumulated tax loss The corporate income tax calculation for the year ended December 31, 2017 is a preliminary estimate made for accounting purposes and is subject to revision when the Company lodges its Annual Corporate Tax Return. Perhitungan pajak penghasilan badan untuk tahun yang berakhir pada tanggal 31 Desember 2017 adalah suatu perhitungan sementara yang dibuat untuk tujuan akuntansi dan dapat berubah pada saat Perusahaan meyampaikan Surat Pemberitahuan Tahunan (SPT) pajaknya. c. Estimated taxable income current year c. Manfaat pajak penghasilan - neto Income tax benefit - net The details of the income tax benefit follows: Rincian manfaat pajak penghasilan adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Tangguhan d. 2016 6.517 12.244 d. Rincian aset (liabilitas) pajak tangguhan adalah sebagai berikut: Saldo awal/ Beginning balance 31 Desember 2017 Imbalan kerja IBNR Cadangan penurunan nilai investasi Aset tetap Penyisihan penurunan nilai piutang Aset tak berwujud dan beban ditangguhkan Keuntungan yang belum direalisasi dari obligasi Total 31.019 14.552 2.723 (4.999) Deferred The details of deferred tax assets (liabilities) are as follows: Dikreditkan (dibebankan) ke laba rugi/ Credited (charged) to profit or loss Dikreditkan (dibebankan) ke penghasilan komprehensif lain/Credited (charged) to other comprehensive income 2.554 2.818 (7.579) - Saldo akhir/ Ending balance 25.994 17.370 605 - 2.723 (4.394) 541 559 - 1.100 2.599 254 - 2.853 (2.382) 44.053 (273) 6.517 (9.303) (11.958) (16.882) 33.688 December 31, 2017 Employee benefits IBNR Allowance for decline on value of investments Fixed assets Allowance for impairment of receivables Intangible assets and deferred charges Unrealized gain on bonds Total 103 Annual Report 2017 | PT BNI Life Insurance 449
  450. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 22. PERPAJAKAN (lanjutan) 22. TAXATION (continued) Saldo awal/ Beginning balance 31 Desember 2016 Imbalan kerja IBNR Cadangan penurunan nilai investasi Aset tetap Penyisihan penurunan nilai piutang lain-lain Aset tak berwujud dan beban ditangguhkan Keuntungan yang belum direalisasi dari obligasi Total e. Dikreditkan (dibebankan) ke laba rugi/ Credited (charged) to profit or loss Dikreditkan (dibebankan) ke penghasilan komprehensif lain/Credited (charged) to other comprehensive income 5.999 6.137 2.212 - 31.019 14.552 (3.564) 2.723 (4.999) 22.808 8.415 Saldo akhir/ Ending balance 2.723 (706) (729) 228 313 - 541 1.855 744 - 2.599 - (220) 35.323 12.244 (2.162) (2.382) (3.514) 44.053 e. Rekonsiliasi antara manfaat pajak penghasilan yang dihitung berdasarkan tarif pajak yang berlaku atas laba sebelum manfaat pajak penghasilan dengan manfaat pajak penghasilan sebagaimana disajikan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian adalah sebagai berikut: December 31, 2016 Employee benefits IBNR Allowance for decline on value of investments Fixed assets Allowance for impairment of other receivables Intangible assets and deferred charges Unrealized gain on bonds Total The reconciliations of income tax benefit calculated by applying the applicable tax rates to the income before income tax benefit and income tax benefit as shown in the consolidated statement of profit or loss and other comprehensive income are as follows: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Laba sebelum manfaat pajak penghasilan Beban pajak berdasarkan tarif pajak yang berlaku Pengaruh pajak atas beda tetap Aset tetap Keuntungan yang belum direalisasi dari obligasi Aset tak berwujud Keuntungan fiskal yang dapat diutilisasi dikompensasikan dengan akumulasi rugi fiskal Manfaat pajak tangguhan - neto 2016 368.387 171.706 92.097 (66.967) 2.016 42.927 (22.339) 2.143 (181) - PT BNI Life Insurance | Laporan Tahunan 2017 Tax expense at applicable tax rate Tax effects on permanent differences Fixed assets Unrealized gain on bonds Intangible assets (33.482) (35.976) Utilized tax gain compensate with accumulated tax loss (6.517) (12.244) Deferred tax benefit - net Berdasarkan peraturan perpajakan yang berlaku, akumulasi rugi fiskal dapat dikompensasikan dengan laba fiskal pada masa lima tahun mendatang sejak kerugian fiskal terjadi. Perusahaan tidak mengakui aset pajak tangguhan atas akumulasi rugi fiskal karena berdasarkan penilaian manajemen terhadap hasil operasi di masa depan, tidak terdapat kepastian bahwa penghasilan kena pajak akan tersedia untuk kompensasi rugi fiskal tersebut. 450 1.001 Income before income tax benefit 104 Based on existing tax regulation, the accumulated tax loss can be compensated against taxable income for the next five years since the date the loss was incurred. The Company did not recognize the deferred tax assets on accumulated tax loss because based on management’s evaluation of future operating results, it is uncertain that taxable income will be available in future periods against which the compensated tax loss can be utilized.
  451. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 23. UTANG LAIN-LAIN 23. OTHER PAYABLES This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 Asuransi jiwa Pembelian obligasi Uang muka dari pemegang polis perusahaan Utang premi koasuransi Lain-lain Syariah Utang premi koasuransi Lain-lain Total 2016 61.526 - 842 28.610 3.115 2.249 12.748 90.978 18.112 145 4.300 145 3.964 4.445 4.109 95.423 22.221 24. AKRUAL Life insurance Purchase of bonds Advance from corporate policyholders Coinsurance premium payables Others Sharia Coinsurance premium payables Others Total 24. ACCRUED EXPENSES This account is consists of: Akun ini terdiri dari: 31 Desember/December 31, 2017 2016 Kontes dan komisi Lain-lain 40.011 21.446 27.193 35.129 Contest and commission Others Total 61.457 62.322 Total 25. LIABILITAS IMBALAN KERJA 25. EMPLOYEE BENEFITS LIABILITIES Perusahaan mengakui liabilitas imbalan kerja untuk memenuhi ketentuan Undang-undang No. 13 Tahun 2003 tanggal 25 Maret 2003 dan PSAK No. 24 (Revisi 2013), “Imbalan Kerja”. The Company recognized employee benefits liability to fulfill the requirements of Law No. 13 Year 2003 dated March 25, 2003 and PSAK No. 24 (Revised 2013), “Employee Benefits”. Perusahaan mengakui liabilitas imbalan kerja pada tanggal 31 Desember 2017 dan 2016 berdasarkan perhitungan aktuaris yang dilaksanakan oleh PT Willis Towers Watson dalam laporannya bertanggal 12 Februari 2018 dan 2 Februari 2017 yang menggunakan metode “Projected Unit Credit” dengan asumsi-asumsi sebagai berikut: The Company recognized employee benefits liability based on the actuarial calculations as of December 31, 2017 and 2016, prepared by PT Willis Towers Watson, in its report dated February 12, 2018 and February 2, 2017, respectively, using the “Projected Unit Credit” method with the following assumptions: 105 Annual Report 2017 | PT BNI Life Insurance 451
  452. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 25. LIABILITAS IMBALAN KERJA (lanjutan) 25. EMPLOYEE BENEFITS LIABILITY (continued) 31 Desember/December 31, 2017 Tingkat bunga diskonto per tahun Tingkat kenaikan gaji per tahun Tingkat kematian Tingkat cacat Tingkat pengunduran diri Umur 15-29 tahun Umur 30-34 tahun Umur 35-39 tahun Umur 40-44 tahun Umur 45-55 tahun Usia pensiun 2016 7,25% 6,00% Tabel Mortalita Indonesia (TMI III 2011)/ Indonesian Mortality Table (TMI III 2011) 10,00% dari TMI III 2011/ of TMI III 2011 8,25% 10,00% Tabel Mortalita Indonesia (TMI III 2011)/ Indonesian Mortality Table (TMI III 2011) 10,00% dari TMI III 2011 of TMI III 2011 10.0% per tahun/ 10,0% per annum 5.0% per tahun/ 5,0% per annum 3.0% per tahun/ 3,0% per annum 2.0% per tahun/ 2,0% per annum 0.0% per tahun/ 0,0% per annum 56 tahun/years 10.0% per tahun/ 10,0% per annum 5.0% per tahun/ 5,0% per annum 3.0% per tahun/ 3,0% per annum 2.0% per tahun/ 2,0% per annum 0.0% per tahun/ 0,0% per annum 56 tahun/years Discount rate per annum Salary increase rate per annum Mortality rate Disability rate Rate of resignations Age 15-29 years Age 30-34 years Age 35-39 years Age 40-44 years Age 45-55 years Retirement age The following tables summarize the components of employee benefits liability recognized in the consolidated statement of financial position and employee benefits expenses recognized in the consolidated statement of profit or loss and other comprehensive income: Tabel berikut adalah rangkuman bagian-bagian dari liabilitas imbalan kerja yang diakui pada laporan posisi keuangan konsolidasian serta beban imbalan kerja yang diakui pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian: 31 Desember/December 31, 2017 Imbalan kerja jangka pendek Imbalan pasca-kerja Imbalan jangka panjang lainnya Liabilitas yang diakui pada laporan posisi keuangan konsolidasian 2016 44.555 40.694 18.727 103.976 Imbalan kerja jangka pendek 46.472 54.900 22.701 Short-term employee benefits Post-employment benefits Other long-term benefits 124.073 Liability recognized in the consolidated statement of financial position Short-term employee benefits 31 Desember/December 31, 2017 Bonus, tantiem, dan insentif yang masih harus dibayar 2016 44.555 46.472 106 452 PT BNI Life Insurance | Laporan Tahunan 2017 Accrued bonus, tantiem and incentives
  453. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 25. LIABILITAS IMBALAN KERJA (lanjutan) 25. EMPLOYEE BENEFITS LIABILITY (continued) Imbalan pasca kerja Post-employment benefits a. a. Rincian liabilitas imbalan kerja adalah sebagai berikut: The details of the employee benefits liability are as follows: 31 Desember/December 31, 2017 Nilai kini liabilitas imbalan kerja karyawan b. 2016 40.694 54.900 Present value of employee benefits obligation b. Employee benefits expenses is consist of: Beban imbalan kerja terdiri dari: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 c. 2016 Beban jasa kini Beban bunga 16.841 4.511 9.391 3.118 Current service cost Interest expense Total 21.352 12.509 Total c. Movements in the employee benefits liability recognized in the consolidated statement of financial position are as follows: Mutasi pada liabilitas imbalan kerja yang diakui pada laporan posisi keuangan konsolidasian adalah sebagai berikut: 31 Desember/December 31, 2017 Saldo awal Beban imbalan kerja selama tahun berjalan Pengukuran kembali imbalan kerja yang diakui pada penghasilan komprehensif lain Pembayaran selama tahun berjalan Saldo akhir 2016 54.900 35.845 21.352 12.509 (30.314) (5.244) 8.846 (2.300) 40.694 54.900 Beginning balance Employee benefits expenses during the year Remeasurement of employee benefits recognized in other comprehensive income Payments during the year Ending balance In 2017 and 2016, employee benefits expenses are presented as part of “General and administrative expenses - salaries, allowance and employee benefits” account in the consolidated statement of profit or loss and other comprehensive income (Note 34). Pada tahun 2017 dan 2016, beban imbalan kerja disajikan sebagai bagian dari akun “Beban umum dan administrasi - gaji, tunjangan dan imbalan kerja” pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian (Catatan 34). 107 Annual Report 2017 | PT BNI Life Insurance 453
  454. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 25. LIABILITAS IMBALAN KERJA (lanjutan) 25. EMPLOYEE BENEFITS LIABILITY (continued) Imbalan pasca kerja (lanjutan) Post-employment benefits (continued) Perusahaan menyelenggarakan program pensiun iuran pasti untuk seluruh karyawan tetapnya yang memenuhi syarat yang dananya dikelola oleh Dana Pensiun Lembaga Keuangan PT Bank Negara Indonesia (Persero) Tbk, yang didirikan berdasarkan Surat Keputusan Menteri Keuangan No. KEP.1100/KM.17/1998 tanggal 23 November 1998. Sumber dana program pensiun berasal dari kontribusi karyawan dan Perusahaan masingmasing sebesar 2% dan 3% dari gaji pokok karyawan. The Company has a defined contribution pension plan for all eligible permanent employees whose funds are managed by the Financial Institutions Pension Fund of PT Bank Negara Indonesia (Persero) Tbk, which was established based on Decree No. KEP.1100/KM.17/1998 November 23, 1998. The source of pension fund contributions from employees and the Company respectively amounted to 2% and 3% of basic salary. Kontribusi pensiun kepada DPLK BNI yang dibebankan pada usaha masing-masing sebesar Rp3.714 dan Rp2.387 untuk tahun 2017 dan 2016, dan dicatat sebagai bagian dari akun “Beban umum dan administrasi - gaji, tunjangan dan imbalan kerja“ pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian (Catatan 34). Pension contributions to DPLK BNI charged to operations amounted to Rp3,714 and Rp2,387 for years 2017 and 2016, respectively, and recorded as part of “General and administrative expenses salaries, allowance and employee benefits” account in the consolidated statement of profit or loss and other comprehensive income (Note 34). Profil jatuh tempo dari kewajiban imbalan pasti yang tidak didiskontokan pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut (tidak diaudit): The maturity profile of undiscounted defined benefit obligation as of December 31, 2017 and 2016, are as follows (unaudited): Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 2016 Dalam 10 tahun mendatang Antara 10 sampai 20 tahun Antara 20 sampai 30 tahun Antara 30 sampai 40 tahun 99.143 276.669 273.821 12.854 152.283 574.620 923.516 89.685 Within the next 10 years Within 10 to 20 years Within 20 to 30 years Within 30 to 40 years Total 662.487 1.740.104 Total The weighted average duration of the Company’s defined benefits obligation at the end of reporting period is 11.84 and 13.66 years in 2017 and 2016, respectively. Durasi rata-rata tertimbang dari kewajiban imbalan pasti diakhir periode pelaporan masing-masing adalah 11,84 dan 13,66 tahun pada tahun 2017 dan 2016. 108 454 PT BNI Life Insurance | Laporan Tahunan 2017
  455. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 25. LIABILITAS IMBALAN KERJA (lanjutan) 25. EMPLOYEE BENEFITS LIABILITY (continued) Imbalan pasca kerja (lanjutan) Post-employment benefits (continued) Analisa Sensitivitas untuk Asumsi Aktuaria Sensitivity Analysis for Actuarial Assumptions Pada tanggal 31 Desember 2017 and 2016, sensitivitas atas asumsi-asumsi aktuarial adalah sebagai berikut (tidak diaudit): As of December 31, 2017 and 2016, sensitivity analysis for actuarial assumption are as follows (unaudited): Program iuran pasti dan imbalan kerja jangka panjang lainnya/Defined contribution pension plan and other-long term employee benefit Perubahan asumsi/ Change in assumption 31 Desember 2017 Tingkat diskonto Tingkat kenaikan gaji 31 Desember 2016 Tingkat diskonto Tingkat kenaikan gaji Nilai kini kewajiban manfaat pasti/ Present value of benefit obligation Biaya jasa kini/ Current service cost Kenaikan/increase 1% Penurunan/decrease 1% 54.115 65.589 12.399 14.945 Kenaikan/increase 1% Penurunan/decrease 1% 66.318 53.421 15.258 12.121 Kenaikan/increase 1% Penurunan/decrease 1% 69.660 86.932 14.888 19.170 Kenaikan/increase 1% Penurunan/decrease 1% 87.433 69.086 19.451 14.628 December 31, 2017 Discount rate Salary increase rate December 31, 2016 Discount rate Salary increase rate Imbalan jangka panjang lainnya Other long-term employee benefits Imbalan jangka panjang lainnya dalam bentuk penghargaan jasa yang dihitung dengan menggunakan metode Projected Unit Credit dan didiskontokan ke nilai kini. Other long-term employee benefits include service award calculated using the Projected Unit Credit method and discounted to present value. a. a. Rincian liabilitas imbalan kerja adalah sebagai berikut: The details of the employee benefits liability are as follows: 31 Desember/December 31, 2017 Nilai kini liabilitas imbalan kerja karyawan b. 2016 18.727 22.701 Present value of employee benefits obligation b. Employee benefits expenses is consist of: Beban imbalan kerja terdiri dari: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Beban jasa kini Beban bunga Pengukuran kembali imbalan jangka panjang lainnya Total 2016 7.602 1.748 4.772 1.111 (10.754) 5.423 Current service cost Interest expense Remeasurement of other long-term employee benefits (1.404) 11.306 Total 109 Annual Report 2017 | PT BNI Life Insurance 455
  456. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 25. LIABILITAS IMBALAN KERJA (lanjutan) 25. EMPLOYEE BENEFITS LIABILITY (continued) Imbalan jangka panjang lainnya (lanjutan) Other long-term employee benefits (continued) c. c. Movements in the employee benefits liability recognized in the consolidated statement of financial position are as follows: Mutasi pada liabilitas imbalan kerja yang diakui pada laporan posisi keuangan konsolidasian adalah sebagai berikut: 31 Desember/December 31, 2017 2016 Saldo awal Beban (pendapatan) imbalan kerja selama tahun berjalan Pembayaran selama tahun berjalan 22.701 13.359 (1.404) (2.570) 11.306 (1.964) Saldo akhir 18.727 22.701 26. MODAL SAHAM Total saham ditempatkan dan disetor penuh/ Number of shares issued and fully paid Total The composition of the Company’s shareholders as of December 31, 2017 and 2016, are as follows: Persentase kepemilikan/ Percentage of ownership Nilai penuh/ Full amount 180.419.480 120.279.633 10 60,000000% 39,999994% 0,000003% 180.419.480.000 120.279.633.000 10.000 10 0,000003% 10.000 PT Bank Negara Indonesia (Persero) Tbk Sumitomo Life Insurance Yayasan Danar Dana Swadarma Yayasan Kesejahteraan Pegawai Bank Negara Indonesia 300.699.133 100,000000% 300.699.133.000 Total Berdasarkan Rapat Umum Pemegang Saham Tahunan yang diaktakan dengan Akta Notaris No. 156 oleh Mala Mukti S.H., LL.M pada tanggal 16 Maret 2017, para pemegang saham menyetujui laba bersih tahun buku 2016 sebesar Rp183.950, dipergunakan untuk pembagian dividen sebesar Rp55.186 dan sisanya sebesar Rp128.764 dipergunakan sebagai laba ditahan. Based on the Annual Shareholders General Meeting notarized by the Notarial Deed No. 156 of Mala Mukti S.H., LL.M. dated March 16, 2017, the shareholders approved the net income for the financial year 2016 amounting to Rp183,950, which is used for dividend distribution amounting to Rp55,186 and the remaining balance of Rp128,764 is set aside as retained earnings. Berdasarkan Rapat Umum Pemegang Saham Tahunan yang diaktakan dengan Akta Notaris No. 8 oleh Fathiah Helmi, S.H. pada tanggal 8 Maret 2016, para pemegang saham menyetujui laba bersih tahun buku 2015 sebesar Rp160.040, dipergunakan untuk pembagian dividen sebesar Rp48.012 dan sisanya sebesar Rp112.028 dipergunakan sebagai laba ditahan. Based on the Annual Shareholders General Meeting notarized by the Notarial Deed No. 8 of Fathiah Helmi, S.H. dated March 8, 2016, the shareholders approved the net income for the financial year 2015 amounting to Rp160,040, which is used for dividend distribution amounting to Rp48,012 and the remaining balance of Rp112,028 is set aside as retained earnings. 110 456 Ending balance 26. SHARE CAPITAL Susunan pemegang saham Perusahaan pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: PT Bank Negara Indonesia (Persero) Tbk Sumitomo Life Insurance Yayasan Danar Dana Swadarma Yayasan Kesejahteraan Pegawai Bank Negara Indonesia Beginning balance Employee benefits expenses (income) during the year Payments during the year PT BNI Life Insurance | Laporan Tahunan 2017
  457. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 26. MODAL SAHAM (lanjutan) 26. SHARE CAPITAL (continued) In accordance with the Indonesian Limited Company Law No. 40 Year 2007 dated August 16, 2007 which requires Indonesia Companies to set up a statutory reserves to a minimum of 20% of the Company’s issued and paid up share capital. As of December 31, 2017 and 2016, the Company has fulfilled the regulation above by setting up statutory reserves amounting to Rp60,140. Sesuai dengan Undang-Undang No. 40 Tahun 2007 mengenai Perseroan Terbatas tertanggal 16 Agustus 2007 yang mengharuskan perusahaan Indonesia untuk membentuk cadangan wajib sekurang-kurangnya 20% dari total modal yang ditempatkan dan disetor penuh. Pada tanggal 31 Desember 2017 dan 2016, Perusahaan telah memenuhi ketentuan diatas dengan membentuk cadangan wajib sejumlah Rp60.140. 27. TAMBAHAN MODAL DISETOR 27. ADDITIONAL PAID-IN CAPITAL This account represents funds received by the Company in excess of the par value of shares issued as determined in the Company’s Articles of Association. Akun ini merupakan selisih lebih total dana yang diterima oleh Perusahaan dengan nilai nominal atas modal saham yang ditempatkan seperti yang ditetapkan dalam Anggaran Dasar Perusahaan. 28. PENDAPATAN PREMI - NETO 28. PREMIUM INCOME - NET The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Premi bruto Perorangan Tahun pertama Lanjutan Kumpulan Tahun pertama Lanjutan Subtotal Dikurangi: Potongan premi Pengembalian premi Premi koasuransi Total premi bruto 2016 3.345.842 665.880 2.688.533 512.646 4.011.722 3.201.179 1.313.798 427.658 1.210.231 356.550 1.741.456 1.566.781 5.753.178 4.767.960 (459) (41.704) (329) (777) (21.466) (186) (42.492) (22.429) 5.710.686 4.745.531 Gross premium Individual First year Renewal Group First year Renewal Subtotal Less: Premium discount Premium refund Coinsurance premiums Total gross premium Premi reasuransi (49.096) (47.916) Reinsurance premium Perubahan atas premi yang belum merupakan pendapatan (84.269) (62.466) Changes in unearned premium reserves Total 5.577.321 4.635.149 Total 111 Annual Report 2017 | PT BNI Life Insurance 457
  458. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 29. PENDAPATAN INVESTASI - NETO 29. INVESTMENT INCOME - NET The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Laba investasi reksadana Pendapatan investasi dari obligasi Pendapatan bunga dari deposito berjangka dan dana jaminan Laba dari investasi saham - neto Pendapatan bunga pinjaman pemegang polis Rugi selisih kurs - neto Lain-lain Total 2016 861.597 339.150 500.755 341.499 44.127 36.114 107.888 32.589 13 (1.439) 2.348 47 (3.533) 2.924 1.281.910 Gain from investments in mutual funds Investment income from bonds Interest income from time deposits and statutory funds Gain from investment on shares - net Interest income from loan to policyholders Loss on foreign exchange - net Others 982.169 30. PENDAPATAN LAIN-LAIN Total 30. OTHER INCOME The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 2016 Jasa manajemen Administrasi Komisi reasuransi Lain-lain 34.810 18.026 1.309 4.511 26.613 18.535 3.103 2.136 Management fee Administration Reinsurance commissions Others Total 58.656 50.387 Total 31. KLAIM DAN MANFAAT POLIS SETELAH DIKURANGI DENGAN KLAIM REASURANSI 31. CLAIMS AND POLICY BENEFITS NET OF REINSURANCE CLAIMS The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Perorangan Penebusan Jatuh tempo Kematian Kesehatan Kecelakaan diri Lain-lain 2016 1.544.103 206.514 50.436 11.478 1.174 644.638 72.987 35.951 12.385 500 15 1.813.705 766.476 112 458 PT BNI Life Insurance | Laporan Tahunan 2017 Individual Surrender Maturity Death Health Personal Accident Others
  459. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 31. KLAIM DAN MANFAAT POLIS SETELAH DIKURANGI DENGAN KLAIM REASURANSI (lanjutan) 31. CLAIMS AND POLICY BENEFITS NET OF REINSURANCE CLAIMS (continued) Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Kumpulan Kesehatan Penebusan Kematian Jatuh tempo Lain-lain Total klaim dan manfaat polis Klaim reasuransi Total 2016 486.430 162.624 121.865 53.011 365 308.401 159.448 76.300 37.761 522 824.295 582.432 2.638.000 1.348.908 (44.173) Group Health Surrender Death Maturity Others Total claims and policy benefits (28.589) 2.593.827 Reinsurance claims 1.320.319 32. BEBAN AKUISISI Total 32. ACQUISITION COST The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 2016 Komisi Beban keagenan Beban telemarketing Beban pemeriksaan kesehatan 566.223 211.529 22.858 1.346 446.496 187.771 20.340 840 Commissions Agency expenses Telemarketing expenses Medical check-up expenses Total 801.956 655.447 Total 33. BEBAN PEMASARAN 33. MARKETING EXPENSES The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 2016 Kontes agen Promosi Telemarketing Jamuan dan representasi Lain-lain 46.786 34.301 5.869 2.586 4.182 30.345 42.469 1.868 3.941 6.125 Agency contest Promotions Telemarketing Entertainment and representation Others Total 93.724 84.748 Total 113 Annual Report 2017 | PT BNI Life Insurance 459
  460. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 34. BEBAN UMUM DAN ADMINISTRASI 34. GENERAL AND ADMINISTRATIVE EXPENSES The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 2016 Gaji, tunjangan, dan imbalan kerja (Catatan 25) Amortisasi Perkantoran Telekomunikasi Jasa tenaga luar Penyusutan Perlengkapan kantor Transportasi dan kendaraan Perjalanan dinas Pendidikan dan pelatihan Pemeliharaan dan perbaikan Jasa konsultan Jasa teknik dan manajemen Lain-lain 258.217 77.449 60.978 36.135 32.265 22.864 12.391 11.389 10.163 5.036 6.176 1.330 956 40.223 237.038 76.934 45.408 31.132 29.221 21.590 12.351 8.384 8.132 5.778 5.235 1.247 485 43.391 Salaries, allowance and employee benefits (Note 25) Amortization Office Telecommunication Outsourcing Depreciation Office supplies Transportation and vehicles Business trip Education and training Repair and maintenance Consultant fee Technique and management fee Others Total 575.572 526.326 Total 35. BEBAN (PENDAPATAN) LAIN-LAIN - NETO 35. OTHERS EXPENSE (INCOME) - NET The details of this account are as follows: Rincian akun ini adalah sebagai berikut: Tahun yang Berakhir pada Tanggal 31 Desember/ Year Ended December 31, 2017 Pendapatan non operasi Jasa giro Laba selisih kurs - neto Lain-lain Beban non operasi Administrasi bank Lain-lain Total 2016 (3.109) (1.459) (1.707) (2.913) (37) (317) (6.275) (3.267) 5.037 7.131 3.066 3.647 12.168 6.713 5.893 3.446 114 460 PT BNI Life Insurance | Laporan Tahunan 2017 Non-operating income Current accounts Gain on foreign exchange - net Others Non-operating expenses Banks administration Others Total
  461. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 36. SALDO DAN TRANSAKSI PIHAK-PIHAK BERELASI PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DENGAN 36. BALANCES AND RELATED PARTIES TRANSACTIONS WITH The Government of the Republic of Indonesia is the shareholder of State Owned Enterprises. PT Bank Negara Indonesia (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank BNI Syariah, PT Bank Mandiri (Persero) Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Bank Syariah Mandiri, PT Bank BRI Syariah, PT Bank BTN Syariah, Majapahit Holding B.V, PT Pegadaian (Persero), PT Perusahaan Listrik Negara (Persero), Lembaga Pembiayaan Ekspor Indonesia, Lembaga Ilmu Pengetahuan Indonesia, PT BNI Asset Management, PT Telekomunikasi Indonesia Tbk, PT Jasa Marga (Persero) Tbk, PT Perusahaan Gas Negara (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Pembangunan Perumahan (Persero) Tbk, PT Permodalan Nasional Madani Investment Management, PT Waskita Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Permodalan Nasional Madani Venture Capital, PT Permodalan Nasional Madani (Persero), PT BNI Securities, PT Jamsostek (Persero), PT Perkebunan Nusantara X (Persero), PT BNI Multifinance, Yayasan Danar Dana Swadharma, Yayasan Kesejahteraan Pegawai BNI, PT Swadharma Sarana Informatika, PT Angkasa Pura (Persero), PT Angkasa Pura Propertindo, PT Adhi Persada Properti, PT Bahana Securities, PT Bahana Pembinaan Usaha Indonesia, PT Rekayasa Engineering, PT Pupuk Indonesia (Persero), PT Mandiri Tunas Finance, PT Pelabuhan Indonesia (Persero), PT Pelabuhan Indonesia III (Persero), PT Timah (Persero) Tbk, PT Semen Gresik (Persero) Tbk, PT Aero Wisata, PT Sarinah (Persero), PT Nindya Karya, PT Asuransi Jasa Indonesia (Persero), PT Petrokimia Gresik, PT Sucofindo Advisory Utama, PT Dahana (Persero), PT GMF Aero Asia, PT Mandiri Management Investasi, PT Reasuransi Indonesia Utama (Persero), PT Reasuransi Nasional Indonesia, PT Pegadaian (Persero), PT Bukit Asam (Persero) Tbk, PT Semen Indonesia (Persero) Tbk, PT Aneka Tambang (Persero) Tbk, PT Pertamina (Persero) and PT Pertamina EP are entities which are owned and controlled by the Government of the Republic of Indonesia. The Company has bank accounts, time deposits, marketable securities, premium receivables, reinsurance receivables, investment income receivables, investment in shares, reinsurance payables, accrued expenses and other payables and obligation under finance lease in those entities. The Company also holds bonds issued by the Government of the Republic of Indonesia. Pemerintah Republik Indonesia merupakan pemegang saham Badan Usaha Milik Negara. PT Bank Negara Indonesia (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank BNI Syariah, PT Bank Mandiri (Persero) Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Bank Syariah Mandiri, PT Bank BRI Syariah, PT Bank BTN Syariah, Majapahit Holding B.V, PT Pegadaian (Persero), PT Perusahaan Listrik Negara (Persero), Lembaga Pembiayaan Ekspor Indonesia, Lembaga Ilmu Pengetahuan Indonesia, PT BNI Asset Management, PT Telekomunikasi Indonesia Tbk, PT Jasa Marga (Persero) Tbk, PT Perusahaan Gas Negara (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Pembangunan Perumahan (Persero) Tbk, PT Permodalan Nasional Madani Investment Management, PT Waskita Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Permodalan Nasional Madani Venture Capital, PT Permodalan Nasional Madani (Persero), PT BNI Securities, PT Jamsostek (Persero), PT Perkebunan Nusantara X (Persero), PT BNI Multifinance, Yayasan Danar Dana Swadharma, Yayasan Kesejahteraan Pegawai BNI, PT Swadharma Sarana Informatika, PT Angkasa Pura (Persero), PT Angkasa Pura Propertindo, PT Adhi Persada Properti, PT Bahana Securities, PT Bahana Pembinaan Usaha Indonesia, PT Rekayasa Engineering, PT Pupuk Indonesia (Persero), PT Mandiri Tunas Finance, PT Pelabuhan Indonesia (Persero), PT Pelabuhan Indonesia III (Persero), PT Timah (Persero) Tbk, PT Semen Gresik (Persero) Tbk, PT Aero Wisata, PT Sarinah (Persero), PT Nindya Karya, PT Asuransi Jasa Indonesia (Persero), PT Petrokimia Gresik, PT Sucofindo Advisory Utama, PT Dahana (Persero), PT GMF Aero Asia, PT Mandiri Management Investasi, PT Reasuransi Indonesia Utama (Persero), PT Reasuransi Nasional Indonesia, PT Pegadaian (Persero), PT Bukit Asam (Persero) Tbk, PT Semen Indonesia (Persero) Tbk, PT Aneka Tambang (Persero) Tbk, PT Pertamina (Persero) dan PT Pertamina EP adalah entitas yang dimiliki dan dikendalikan oleh Pemerintah Republik Indonesia. Perusahaan memiliki rekening giro, dana jaminan, deposito berjangka, efek-efek, piutang premi, piutang reasuransi, piutang hasil investasi, penyertaan saham, utang reasuransi, akrual dan utang lain-lain dan utang sewa pembiyaan di entitas-entitas tersebut. Perusahaan juga memiliki obligasi yang dikeluarkan oleh Pemerintah Republik Indonesia. 115 Annual Report 2017 | PT BNI Life Insurance 461
  462. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 36. SALDO DAN TRANSAKSI PIHAK-PIHAK BERELASI (lanjutan) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DENGAN 36. BALANCES AND TRANSACTIONS RELATED PARTIES (continued) WITH Saldo dan transaksi dengan pihak-pihak berelasi adalah sebagai berikut: The amounts and transactions with related parties are as follows: a. a. Kompensasi kepada personil manajemen kunci (terdiri dari Dewan Komisaris dan Direksi Perusahaan) untuk tahun yang berakhir pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: Compensation of key management personnel (consist of the Company’s Board of Commissioners and Directors) for the years ended December 31, 2017 and 2016, are as follows: 31 Desember/December 31, 2017 b. 2016 Imbalan kerja jangka pendek Imbalan kerja jangka panjang 23.862 755 24.212 3.708 Short-term employee benefits Long-term employee benefits Total 24.617 27.920 Total b. Informasi mengenai transaksi dan saldo yang material dengan pihak-pihak yang berelasi pada tanggal dan tahun yang berakhir pada tanggal 31 Desember 2017 dan 2016 adalah sebagai berikut: Information related to material transaction and balance with the related parties as of and for the years ended December 31, 2017 and 2016, are as follows: 31 Desember/December 31, 2017 2016 Aset Kas pada bank PT Bank Negara Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Bank BNI Syariah PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI Syariah Piutang premi PT Bank Negara Indonesia (Persero) Tbk PT Adhi Karya (Persero) Tbk PT Wijaya Karya (Persero) Tbk PT Pembangunan Perumahan (Persero) Tbk PT Aero Wisata PT Bank BNI Syariah PT Permodalan Nasional Madani (Persero) Assets 44.621 23.950 5.220 49.480 1.474 10.141 1.819 1.855 1.511 50 24 1.316 245 472 77.195 64.983 52.661 20.303 6.918 11.290 4.212 111 1.364 801 708 2.294 802 845 404 617 116 462 PT BNI Life Insurance | Laporan Tahunan 2017 Cash in banks PT Bank Negara Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Bank BNI Syariah PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI Syariah Premium receivables PT Bank Negara Indonesia (Persero) Tbk PT Adhi Karya (Persero) Tbk PT Wijaya Karya (Persero) Tbk PT Pembangunan Perumahan (Persero) Tbk PT Aero Wisata PT Bank BNI Syariah PT Permodalan Nasional Madani (Persero)
  463. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 36. SALDO DAN TRANSAKSI PIHAK-PIHAK BERELASI (lanjutan) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DENGAN 36. BALANCES AND TRANSACTIONS RELATED PARTIES (continued) WITH 31 Desember/December 31, 2017 2016 Aset (lanjutan) Piutang premi (lanjutan) PT GMF Aero Asia PT Permodalan Nasional Madani Venture Capital Lembaga Ilmu Pengetahuan Indonesia PT Bahana Securities PT Bank Syariah Mandiri PT Rekayasa Engineering PT Asuransi Jasa Indonesia (Persero) PT Bahana Pembinaan Usaha Indonesia PT Dahana (Persero) PT Nindya Karya Yayasan Kesejahteraan Pegawai BNI PT Sarinah (Persero) PT Pelabuhan Indonesia III (Persero) PT Jamsostek (Persero) PT BNI Multifinance PT Pertamina (Persero) PT Petrokimia Gresik Yayasan Danar Dana Swadharma PT Swadharma Sarana Informatika PT Angkasa Pura (Persero) PT Pegadaian (Persero) PT BNI Securities PT Angkasa Pura Propertindo PT Adhi Persada Properti PT Pertamina EP PT Sucofindo Advisory Utama Assets (continued) 147 - 120 98 62 61 59 56 53 76 25 51 36 32 31 26 24 21 7 9 6 3 3 2 2 - 28 35 21 6 154 526 45 41 3 3 84.015 22.120 Piutang hasil investasi Pemerintah Republik Indonesia PT Permodalan Nasional Madani (Persero) Tbk PT Waskita Karya (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia PT Perusahaan Listrik Negara (Persero) PT Bank Negara Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Mandiri Tunas Finance PT Bank Rakyat Indonesia (Persero) Tbk Majapahit Holding B.V PT Pegadaian (Persero) PT Telekomunikasi Indonesia Tbk 39.602 56.806 9.863 3.668 4.284 2.533 968 430 898 544 732 776 582 472 452 209 1.106 363 278 234 199 175 161 240 142 889 Premium receivables (continued) PT GMF Aero Asia PT Permodalan Nasional Madani Venture Capital Lembaga Ilmu Pengetahuan Indonesia PT Bahana Securities PT Bank Syariah Mandiri PT Rekayasa Engineering PT Asuransi Jasa Indonesia (Persero) PT Bahana Pembinaan Usaha Indonesia PT Dahana (Persero) PT Nindya Karya Yayasan Kesejahteraan Pegawai BNI PT Sarinah (Persero) PT Pelabuhan Indonesia III (Persero) PT Jamsostek (Persero) PT BNI Multifinance PT Pertamina (Persero) PT Petrokimia Gresik Yayasan Danar Dana Swadharma PT Swadharma Sarana Informatika PT Angkasa Pura (Persero) PT Pegadaian (Persero) PT BNI Securities PT Angkasa Pura Propertindo PT Adhi Persada Properti PT Pertamina EP PT Sucofindo Advisory Utama Investment income receivables The Government of the Republic of Indonesia PT Permodalan Nasional Madani (Persero) Tbk PT Waskita Karya (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia PT Perusahaan Listrik Negara (Persero) PT Bank Negara Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Mandiri Tunas Finance PT Bank Rakyat Indonesia (Persero) Tbk Majapahit Holding B.V PT Pegadaian (Persero) PT Telekomunikasi Indonesia Tbk 117 Annual Report 2017 | PT BNI Life Insurance 463
  464. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 36. SALDO DAN TRANSAKSI PIHAK-PIHAK BERELASI (lanjutan) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DENGAN 36. BALANCES AND TRANSACTIONS RELATED PARTIES (continued) WITH 31 Desember/December 31, 2017 2016 Aset (lanjutan) Assets (continued) Piutang hasil investasi (lanjutan) PT Bank BNI Syariah PT Bank BRI Syariah PT Pelabuhan Indonesia (Persero) PT Adhi Karya (Persero) Tbk PT Timah (Persero) Tbk PT Pupuk Indonesia (Persero) PT Pembangunan Perumahan (Persero) Tbk PT Bank Syariah Mandiri PT Perkebunan Nusantara X (Persero) Piutang reasuransi PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia 115 98 31 68 53 32 24 16 53 - 8 1 8 1 Investment income receivables (continued) PT Bank BNI Syariah PT Bank BRI Syariah PT Pelabuhan Indonesia (Persero) PT Adhi Karya (Persero) Tbk PT Timah (Persero) Tbk PT Pupuk Indonesia (Persero) PT Pembangunan Perumahan (Persero) Tbk PT Bank Syariah Mandiri - 147 PT Perkebunan Nusantara X (Persero) 58.470 68.791 16.684 1.618 16.085 1.377 18.302 17.462 Dana Jaminan Pemerintah Republik Indonesia PT Bank BTN Syariah PT Bank BRI Syariah Deposito berjangka PT Bank Negara Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Bank BNI Syariah PT Bank Mandiri (Persero) Tbk PT Bank BRI Syariah PT Bank Syariah Mandiri PT Bank BTN Syariah 238.945 11.000 1.000 129.315 11.000 1.000 250.945 141.315 400.509 366.000 113.966 63.682 78.305 54.469 36.913 12.050 6.500 2.000 67.152 52.769 7.000 12.050 6.500 51.000 704.712 626.153 118 464 PT BNI Life Insurance | Laporan Tahunan 2017 Reinsurance receivables PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia Statutory funds The Government of the Republic of Indonesia PT Bank BTN Syariah PT Bank BRI Syariah Time deposits PT Bank Negara Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk PT Bank BNI Syariah PT Bank Mandiri (Persero) Tbk PT Bank BRI Syariah PT Bank Syariah Mandiri PT Bank BTN Syariah
  465. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 36. SALDO DAN TRANSAKSI PIHAK-PIHAK BERELASI (lanjutan) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DENGAN 36. BALANCES AND TRANSACTIONS RELATED PARTIES (continued) WITH 31 Desember/December 31, 2017 2016 Aset (lanjutan) Assets (continued) Efek-efek Pemerintah Republik Indonesia PT BNI Asset Management PT Permodalan Nasional Madani (Persero) PT Waskita Karya (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia PT Mandiri Tunas Finance PT Permodalan Nasional Madani Investment Management PT Perusahaan Listrik Negara (Persero) PT Bank Negara Indonesia (Persero) Tbk PT Telekomunikasi Indonesia Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Timah (Persero) Tbk PT Pelabuhan Indonesia I (Persero) PT Pegadaian (Persero) PT Bank BRI Syariah Majapahit Holding B.V PT Adhi Karya (Persero) Tbk PT Bank BNI Syariah PT Pembangunan Perumahan (Persero) Tbk PT Pupuk Indonesia (Persero) PT Semen Gresik (Persero) Tbk PT Jasa Marga (Persero) Tbk PT Mandiri Management Investasi PT Perusahaan Gas Negara (Persero) Tbk PT Bukit Asam (Persero) Tbk PT Perkebunan Nusantara X (Persero) PT Wijaya Karya (Persero) Tbk PT Semen Indonesia (Persero) Tbk PT Aneka Tambang (Persero) Tbk Penyertaan saham PT Bank BNI Syariah Total aset dengan pihak berelasi Persentase dari total aset Marketable securities The Government of the Republic of Indonesia PT BNI Asset Management PT Permodalan Nasional Madani (Persero) PT Waskita Karya (Persero) Tbk PT Bank Mandiri (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia PT Mandiri Tunas Finance PT Permodalan Nasional Madani Investment Management PT Perusahaan Listrik Negara (Persero) PT Bank Negara Indonesia (Persero) Tbk PT Telekomunikasi Indonesia Tbk PT Bank Rakyat Indonesia (Persero) Tbk PT Timah (Persero) Tbk PT Pelabuhan Indonesia I (Persero) PT Pegadaian (Persero) PT Bank BRI Syariah Majapahit Holding B.V PT Adhi Karya (Persero) Tbk PT Bank BNI Syariah PT Pembangunan Perumahan (Persero) Tbk PT Pupuk Indonesia (Persero) PT Semen Gresik (Persero) Tbk PT Jasa Marga (Persero) Tbk PT Mandiri Management Investasi PT Perusahaan Gas Negara (Persero) Tbk PT Bukit Asam (Persero) Tbk PT Perkebunan Nusantara X (Persero) PT Wijaya Karya (Persero) Tbk PT Semen Indonesia (Persero) Tbk PT Aneka Tambang (Persero) Tbk 2.397.262 822.793 2.129.746 522.077 550.671 293.933 214.694 210.626 171.681 144.770 42.857 105.661 68.086 44.134 50.060 61.351 283.420 38.826 33.651 44.037 32.403 3.255 42.020 25.255 21.719 21.631 10.316 6.990 6.762 6.028 4.000 6.883 4.021 20.756 5.922 6.991 20.064 936 4.000 3.008 1.522 1.179 992 892 21.382 2.798 3.985 - 83 - 1.220 16.391 6.818 2.339 738 191 4.884.864 3.766.529 1.500 1.500 Investment in shares PT Bank BNI Syariah 6.080.003 4.708.853 Total assets with related parties 37,29% 36,00% Percentage of total assets 119 Annual Report 2017 | PT BNI Life Insurance 465
  466. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 36. SALDO DAN TRANSAKSI PIHAK-PIHAK BERELASI (lanjutan) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DENGAN 36. BALANCES AND TRANSACTIONS RELATED PARTIES (continued) WITH 31 Desember/December 31, 2017 2016 Liabilitas Utang reasuransi PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia Liabilities 11.419 1.790 19.163 3.799 13.209 22.962 Akrual dan utang lain-lain PT Pembangunan Perumahan (Persero) Tbk Accrued expenses and other payables PT Pembangunan Perumahan (Persero) Tbk - 132 - 132 966 3.154 Obligation under finance lease PT BNI Multifinance Total liabilitas dengan pihak berelasi 14.175 26.248 Total liabilities with related parties Persentase dari total liabilitas 0,13% 0,32% Percentage of total liabilities Utang sewa pembiayaan PT BNI Multifinance 37. RISIKO ASURANSI 37. INSURANCE RISK Umum General Risiko utama kontrak asuransi yang dihadapi oleh Perusahaan adalah klaim aktual dan pembayaran manfaat atau perbedaan waktu yang terjadi berbeda dengan yang diharapkan. Hal ini dipengaruhi oleh frekuensi klaim, banyaknya klaim, manfaat aktual yang dibayarkan, dan pengembangan klaim jangka panjang. Dengan demikian, tujuan Perusahaan adalah meyakinkan bahwa cadangan yang tersedia cukup untuk menutupi liabilitas-liabilitas ini. The principal risk the Company faces under insurance contracts is that the actual claims and benefit payments or the timing thereof differ from expectations. This is influenced by the frequency of claims, severity of claims, actual benefits paid and development of long-term claims. Therefore, the objective of the Company is to ensure that sufficient reserves are available to cover these liabilities. Eksposur risiko dimitigasi dengan melakukan experience study tentang historis klaim dengan tujuan untuk memperbaiki pengelolaan risiko di tahun yang akan datang. Perusahaan juga melakukan perjanjian reasuransi sebagai bagian dari program mitigasi risiko. The risk exposure is mitigated by doing an experience study about the claims experience, with the objective to improve the risk management for the future years. The Company also engaged in the reinsurance agreement as part of mitigation programe. 120 466 Reinsurance payables PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Nasional Indonesia PT BNI Life Insurance | Laporan Tahunan 2017
  467. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 37. RISIKO ASURANSI (lanjutan) 37. INSURANCE RISK (continued) Umum (lanjutan) General (continued) Kontrak asuransi jiwa yang ditawarkan oleh Perusahaan adalah sebagai berikut: kontrak asuransi kesehatan yang meliputi asuransi kesehatan penggantian kerugian, santunan harian rawat inap dan penyakit kritis, kontrak asuransi berjangka yang meliputi ekawarsa, seumur hidup dan kombinasinya, dwiguna dan kombinasinya, asuransi jiwa kredit, anuitas, cacat tetap karena sebab apapun, serta produk link dan kontrak asuransi kecelakaan diri. Life insurance contracts offered by the Company are as follows: health insurance contracts which include indemnity health insurance, daily hospitalization benefit and critical illness, term life insurance contract which include term life, whole life and the combination, endowment and the combination, credit life insurance, annuity, permanent disability due to any cause, along with link product and personal accident insurance contract. Risiko utama yang dihadapi oleh Perusahaan adalah risiko mortalitas, risiko morbiditas, risiko harapan hidup, risiko pengembalian investasi, risiko biaya dan risiko keputusan pemegang polis. The principal risks for the Company are mortality risk, morbidity risk, longevity risk, investment return risk, expense risk and policyholder decision risk. Dalam mengelola risiko asuransi seperti risiko mortalitas dan morbiditas, persistensi, termasuk risiko underwriting, Perusahaan menggunakan metodologi dan asumsi aktuaria berdasarkan pengalaman Perusahaan. Perusahaan juga memantau risiko tersebut dengan memperhatikan kondisi politik dan perekonomian dimana Perusahaan beroperasi. Selain itu, Perusahaan juga memastikan bahwa seluruh asumsi dan kebijakan yang digunakan sesuai dengan peraturan yang berlaku dimana Perusahaan beroperasi. The Company manages their insurance risk, such as mortality and morbidity risk, persistency risk, including underwriting risk, using the actuarial methodology and assumptions based on their experiences. The Company also monitors those risks by considering the political and economic conditions in which the Company operates. In addition, the Company also ensures that all the assumptions and policies used are in accordance with the current regulations. Risiko asuransi yang dimaksud dikelola dengan mempertimbangkan: The insurance risk is managed with consideration of: - profitabilitas dari produk yang akan dan telah diluncurkan; - profitability of the products that will be launched or have been sold; - pengalaman risiko masih dalam kemampuan dari Perusahaan; tingkat - risk experiences at the level of risk tolerance of the Company; - penyebaran risiko dengan mengoptimalkan strategi reasuransi; - diversification of risk using the reinsurance strategy; - metodologi perhitungan cadangan teknis yang digunakan; dan - methodology of technical reserves calculation; and - peningkatan keahlian dari pegawai yang berhubungan langsung dengan risiko asuransi termasuk risiko underwriting. - enhancement of the expertise of employees who involve with the insurance risks including underwriting risk. 121 Annual Report 2017 | PT BNI Life Insurance 467
  468. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 37. RISIKO ASURANSI (lanjutan) 37. INSURANCE RISK (continued) Persetujuan produk Product approval Dalam kegiatannya, Perusahaan membentuk Komite Manajemen Produk yang bertanggung jawab untuk memberikan saran atas persetujuan produk, dan untuk menyarankan mitigasi atas adanya risiko-risiko yang mungkin timbul dari produk tersebut yang akan ditanggung oleh Perusahaan, serta menyarankan proses persetujuan yang menyeluruh sebelum produk baru tersebut diluncurkan. In its activities, the Company has established the Product Management Committee who advised on product approval, to advise mitigation to all related risks that may arise from the product underwritten by the Company, and advise a thorough approval process before products are launched. Prosedur-prosedur tersebut ditetapkan secara terstruktur dan disesuaikan berdasarkan best practice yang diterapkan secara konsisten. Karakteristik utama dari prosedur ini adalah sebagai berikut: These procedures are structured and harmonised based on best practices adopted consistently. The main characteristics of these procedures are as follows: - meskipun keputusan untuk meluncurkan produk baru diambil oleh Perusahaan, tetapi harus melewati suatu proses persetujuan yang didokumentasikan sesuai dengan praktik tata kelola Perusahaan dan memenuhi standar dalam hal fitur produk, harga dan aspek yang berkaitan dengan hukum, kepatuhan, peraturan, reputasi, dan akuntansi; - although the decision to launch a new product is taken by the Company, it must result from a documented approval process that complies with Company’s governance practices and standards in terms of product features, pricing and aspects related to legal, compliance, regulatory, reputation and accounting; - stress tests juga diperlukan atas asumsi utama untuk memastikan bahwa skenario "bagaimana jika" dipertimbangkan dalam proses pengembangan produk; - stress tests are also required on key assumptions to ensure that appropriate “what if” scenarios are considered in the product development process; - untuk bisnis pra-peluncuran, harus dipastikan bahwa risiko baru yang akan ditanggung oleh Perusahaan telah mengalami proses yang ketat sebelum produk ditawarkan kepada pelanggan dan menunjukkan profitabilitas yang memadai yang telah disesuaikan dengan biaya modal; - for pre-launch business, to ensure that new risks underwritten by the Company have undergone a rigorous process before the products are offered to customers and show adequate profitability adjusted for the cost of capital; - untuk bisnis pasca-peluncuran, kontrol yang memadai atas profitabilitas dan risiko dari polis Perusahaan yang sudah aktif; - for post-launch business, to ensure the appropriate profitability and risks control of the Company inforced underwritings; - kerangka profitabilitas yang melengkapi aturan dasar underwriting yang kuat dan untuk memastikan bahwa tidak ada risiko yang diambil di luar toleransi Perusahaan dan nilai tersebut ditentukan oleh penentuan harga risiko yang memadai. - this profitability framework complements strong and basic underwriting rules to ensure that no risks are taken outside the Company tolerances and that value is created by adequately pricing the risk. 122 468 PT BNI Life Insurance | Laporan Tahunan 2017
  469. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 37. RISIKO ASURANSI (lanjutan) 37. INSURANCE RISK (continued) Persetujuan produk (lanjutan) Product approval (continued) Tabel di bawah menunjukkan konsentrasi liabilitas kontrak asuransi berdasarkan tipe produk: The table below sets out the concentration of life insurance contract liabilities by type of product: Liabilitas asuransi/ Insurance liabilities 31 Desember 2017 Non par tradisional - Dwiguna - Berjangka - Kesehatan - Unit link dasar Dana unit link Syariah Total Aset reasuransi/ Reinsurance assets Liabilitas neto/ Net liabilities 3.135.554 823.432 256.489 5.979 5.949.444 109.074 719 32.686 5.182 3.279 13.142 3.134.835 790.746 251.307 2.700 5.949.444 95.932 December 31, 2017 Traditional non par Endowment Term Health Basic unit-linked Unit-linked fund Sharia 10.279.972 55.008 10.224.964 Total 31 Desember 2016 Non par tradisional - Dwiguna - Berjangka - Kesehatan - Unit link dasar Dana unit link Syariah 2.572.749 610.998 156.067 6.586 4.296.716 118.899 1.976 34.874 1.626 4.446 10.848 2.570.773 576.124 154.441 2.140 4.296.716 108.051 December 31, 2016 Traditional non par Endowment Term Health Basic unit-linked Unit-linked fund Sharia Total 7.762.015 53.770 7.708.245 Total Cadangan teknis Perusahaan sensitif terhadap suku bunga dan tingkat kematian. The Company’s technical reserves are sensitive to interest rate and mortality rate. Tabel berikut menyajikan sensitivitas dari nilai liabilitas asuransi terhadap perubahan asumsi yang digunakan dalam estimasi liabilitas asuransi. Korelasi asumsi akan memiliki dampak yang signifikan dalam menentukan cadangan teknis, tetapi untuk menunjukkan dampak akibat perubahan asumsi, asumsi harus diubah secara individual. Tabel ini juga menunjukkan dampak terhadap cadangan teknis akibat perubahan asumsi aktuaria (tidak diaudit). The following tables present the sensitivity of the value of insurance liabilities to the movements in the assumptions used in the estimation of insurance liabilities. The correlation of assumptions will have a significant effect in determining the ultimate technical reserves, but to demonstrate the impact due to changes in assumptions, assumptions had to be changed on an individual basis. This table also indicates the impact on the technical reserve due to the changes in the actuarial assumptions (unaudited). Saldo liabilitas asuransi/ Balance of insurance liabilities Persentase perubahan/ Percentage of change Tingkat suku bunga Tingkat mortalitas Tingkat mortalitas -1% +10% -10% 31 Desember/December 31, 2017 10.331.493 10.224.236 10.120.152 2016 7.919.226 7.711.595 7.740.875 Interest rate Mortality rate Mortality rate 123 Annual Report 2017 | PT BNI Life Insurance 469
  470. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 37. RISIKO ASURANSI (lanjutan) 37. INSURANCE RISK (continued) Persetujuan produk (lanjutan) Product approval (continued) Analisis berikut ini dilakukan untuk memperkirakan dampak dari perubahan yang mungkin terjadi pada asumsi utama, dengan semua asumsi lainnya tetap konstan, terhadap laba rugi. Korelasi asumsi akan memiliki dampak yang signifikan dalam menentukan laba rugi sesungguhnya, tetapi untuk menunjukkan dampak akibat perubahan asumsi, asumsi harus diubah secara individual (tidak diaudit). The following analysis is performed for estimating the impact of the possible movements in key assumptions, with all other assumptions held constant, to the profit or loss. The correlation of assumptions will have a significant effect in determining the ultimate profit and loss, but to demonstrate the impact due to changes in assumptions, assumptions had to be changed on an individual basis (unaudited). Persentase perubahan/ Percentage of Change Tingkat suku bunga Tingkat mortalitas Tingkat mortalitas Pengaruh terhadap laba sebelum beban pajak penghasilan/ Impact on income before income tax expense -1% +10% -10% 31 Desember/December 31, 2017 (160.595) (53.338) 50.745 (168.059) (63.041) 10.291 Interest rate Mortality rate Mortality rate 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES Aktivitas Perusahaan mengandung berbagai macam risiko keuangan: risiko nilai tukar mata uang asing, risiko kredit dan risiko likuiditas. Fungsi utama dari manajemen risiko Perusahaan adalah untuk mengidentifikasi seluruh risiko kunci, mengukur risiko tersebut, mengelola posisi risiko dan menentukan alokasi modal. Perusahaan secara rutin menelaah kebijakan dan sistem manajemen risiko untuk menyesuaikan dengan perubahan di pasar, produk dan praktek pasar terbaik. The Company’s activities expose it to a variety of financial risks: foreign exchange risk, credit risk and liquidity risk. The core functions of the Company’s risk management are to identify all key risks for the Company, measure these risks, manage the risk positions and determine capital allocations. The Company regularly reviews its risk management policies and systems to reflect changes in market, products and best market practice. Tujuan Perusahaan adalah untuk mencapai keseimbangan yang sesuai antara risiko dan tingkat pengembalian dan meminimalisasi potensi efek memburuknya kinerja keuangan Perusahaan. Perusahaan mendefinisikan risiko sebagai kemungkinan kerugian atau laba yang hilang, yang disebabkan oleh faktor internal dan eksternal. The Company’s aim is to achieve an appropriate balance between risk and return and minimise potential adverse effects on the Company’s financial performance. The Company defines risk as the possibility of loss or profits foregone, which may be caused by internal or external factors. Manajemen risiko dilaksanakan dengan kebijakan-kebijakan yang disetujui oleh Dewan Direksi. Dewan Direksi memberikan kebijakan tertulis atas manajemen risiko secara keseluruhan, termasuk kebijakan tertulis yang mencakup area khusus, seperti risiko nilai tukar, risiko suku bunga, risiko kredit, dan pemanfaatan instrumen keuangan. Risiko yang berasal dari instrumen keuangan yang dihadapi oleh Perusahaan mengandung risiko keuangan, termasuk juga risiko pasar, risiko kredit dan risiko likuiditas. Risk management is carried out under policies approved by the Board of Directors. The Board of Directors provides written principles for overall risk management, as well as written policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and use of financial instrument. The risk arising from financial instruments to which the Company is exposed are financial risks, which includes market risk, credit risk and liquidity risk. 124 470 2016 PT BNI Life Insurance | Laporan Tahunan 2017
  471. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Perusahaan tidak terekspos risiko pasar, risiko kredit, dan risiko likuiditas pada investasi pemegang unit link, dikarenakan semua risiko ditanggung langsung oleh masing-masing pemegang polis. There are no market risk, credit risk and liquidity risk, exposed to the Company for policyholders’ investment in unit-linked contract, since all credit risk borne by the policyholders. a. a. Risiko pasar The Company is aware about exposure to market risks which is the risks that the fair value of future cash flows of financial instrument will fluctuate because of changes in market price. Market risks arise from open positions in interest rate, currency and equity products, all of which are exposed to the general and specific market movements and changes in the level of volatility or market rate or price such as interest rate, foreign exchange rate, and equity products. Perusahaan menghadapi eksposur terhadap risiko pasar, yaitu risiko dimana nilai wajar atas arus kas masa depan atas suatu instrumen keuangan berfluktuasi karena perubahan pada harga pasar. Risiko pasar berasal dari posisi terbuka yang terkait dengan produk-produk suku bunga, mata uang dan ekuitas, yang seluruhnya dipengaruhi oleh pergerakan pasar baik secara spesifik maupun umum, dan perubahan volatilitas tingkat suku bunga pasar atau harga seperti suku bunga, nilai tukar dan produk ekuitas. i. Market risk Risiko nilai tukar mata uang asing i. Foreign exchange risk Perusahaan menghadapi risiko nilai tukar mata uang asing yang terjadi akibat fluktuasi nilai tukar mata uang pada laporan posisi keuangan konsolidasian dan laporan arus kas konsolidasian. Dewan Direksi menetapkan limit tingkat eksposur berdasarkan mata uang yang dimonitor secara berkala. The Company takes on exposure to the effects of fluctuations in the prevailing foreign exchange rates on its consolidated statement of financial position and consolidated statement of cash flows. The Board of Directors sets limits on the level of exposure by currency, which are monitored periodically. Tabel dibawah ini mengikhtisarkan aset dan liabilitas keuangan Perusahaan terhadap risiko nilai tukar mata uang asing. Seluruh eksposur adalah dalam Dolar AS, tidak terdapat eksposur risiko mata uang asing selain dalam Dolar AS. The table below summarises the Company’s financial assets and liabilities exposure to foreign exchange rate risk. All exposure is in USD, there is no foreign exchange exposure other than USD. 31 Desember/December 31, 2017 (US$) Aset Kas dan kas pada bank Piutang hasil investasi Piutang reasuransi Investasi Deposito berjangka Efek-efek Total aset 2016 (US$) 1.476.972 116.872 - 535.589 115.938 11 5.320.000 7.762.347 4.900.000 4.959.961 Assets Cash and cash in banks Investment income receivables Reinsurance receivables Investments Time deposits Marketable securities 14.676.191 10.511.499 Total assets 125 Annual Report 2017 | PT BNI Life Insurance 471
  472. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) a. 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Risiko pasar (lanjutan) i. a. Market risk (continued) Risiko nilai tukar mata uang asing (lanjutan) i. Foreign exchange risk (continued) 31 Desember/December 31, 2017 (US$) Liabilitas Utang reasuransi Neto 2016 (US$) 378 868 Liabilities Reinsurance payables 14.675.813 10.510.631 Net The Company's sensitivity on foreign currencies is determined using the Net Open Position information that translated into USD. The table below shows the sensitivity of Company’s income before tax to movement of foreign exchange rates for the year ended December 31, 2017 and 2016 (unaudited). Sensitivitas Perusahaan terhadap mata uang asing diperhitungkan dengan menggunakan informasi Posisi Devisa Bersih yang ditranslasikan ke dalam mata uang asing Dolar AS. Tabel di bawah ini mengikhtisarkan sensitivitas laba sebelum pajak Perusahaan atas perubahan nilai tukar mata uang asing pada tanggal 31 Desember 2017 dan 2016 (tidak diaudit). Pengaruh terhadap laba sebelum beban pajak penghasilan/ Impact on income before income tax expense Persentase perubahan/ Percentage of change Nilai tukar mata uang asing +/-5% 31 Desember/December 31, 2017 2016 +/-9.919 +/-7.061 The projection assumes that all other variables are held constant. It also assumes a constant reporting date position. Proyeksi di atas mengasumsikan bahwa seluruh variabel lainnya adalah konstan dan berdasarkan tanggal pelaporan yang konstan. ii. Risiko suku bunga ii. 126 PT BNI Life Insurance | Laporan Tahunan 2017 Interest rate risk Cash flows interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Fair value interest rate risk is the risk that the value of a financial instrument will fluctuate because of changes in market interest rates. The Company takes on exposure to the effects of fluctuations in the prevailing levels of market interest rates on both its fair value and cash flows risks. Interest margins may increase as a result of such changes but may reduce loss in the event that unexpected movements arise. Risiko suku bunga arus kas adalah risiko dimana arus kas masa depan dari suatu instrumen keuangan berfluktuasi karena perubahan suku bunga pasar. Risiko nilai suku bunga wajar adalah risiko dimana nilai dari suatu instrumen keuangan berfluktuasi karena perubahan suku bunga pasar. Perusahaan menghadapi dampak dari fluktuasi suku bunga pasar yang berlaku baik atas risiko nilai wajar maupun arus kas. Marjin suku bunga bisa meningkat sebagai hasil dari perubahan tersebut namun juga dapat mengurangi kerugian ketika terdapat pergerakan yang tidak diharapkan. 472 Exchange rate
  473. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) a. 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Risiko pasar (lanjutan) ii. a. Risiko suku bunga (lanjutan) Market risk (continued) ii. Interest rate risk (continued) The table below shows the sensitivity of unrealized gain (loss) on fair value through profit and loss marketable securities to movement of market value for the year ended December 31, 2017 and 2016 (unaudited): Tabel di bawah ini mengikhtisarkan sensitivitas keuntungan (kerugian) yang belum direalisasi atas efek-efek dalam kelompok nilai wajar melalui laporan laba rugi pada tanggal 31 Desember 2017 dan 2016 atas perubahan harga pasar (tidak diaudit): Pengaruh terhadap laba sebelum beban pajak penghasilan/ Impact on income before income tax expense Persentase perubahan/ Percentage of change Perubahan harga pasar +/- 1% 31 Desember/December 31, 2017 2016 +/- 9.093 +/- 8.591 Changes in market price Pengaruh terhadap ekuitas/ Impact on equity Persentase perubahan/ Percentage of change Perubahan harga pasar iii. +/- 1% 31 Desember/December 31, 2017 2016 +/- 26.272 Risiko harga saham +/- 22.412 iii. Changes in market price Equity price risk Risiko harga saham adalah risiko dimana nilai wajar arus kas masa depan instrumen keuangan akan berfluktuasi karena adanya perubahan harga pasar (selain yang timbul karena risiko suku bunga dan risiko mata uang), dimana perubahan tersebut disebabkan oleh faktor-faktor tertentu terhadap instrumen keuangan secara individu, atau faktor-faktor yang mempengaruhi seluruh instrumen keuangan yang serupa yang diperdagangkan di pasar. Equity risk price is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument, or factors affecting all similar financial instruments traded in the market. Eksposur risiko harga saham Perusahaan berkaitan dengan aset keuangan yang nilainya akan berfluktuasi yang diakibatkan oleh perubahan harga pasar. The Company’s equity price risk exposure relates to financial assets whose values will fluctuate as a result of changes in market prices. Dalam pengelolaan risiko pasar, Perusahaan telah menerapkan kebijakan cut loss dan batasan holding period untuk trading account. Selain itu, komposisi portofolio juga dibatasi berdasarkan tingkatan risikonya, untuk risiko rendah sampai dengan 80% dan untuk risiko lebih tinggi 20%. In the management of market price risk, the Company has applied cut loss strategy and limitation of holding period for trading account. Moreover, composition of the portfolio is limited based on risk, for lower risk up to 80% and for higher risk 20%. 127 Annual Report 2017 | PT BNI Life Insurance 473
  474. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) b. 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Risiko kredit b. Credit risk Risiko kredit adalah risiko kerugian keuangan yang timbul jika counterpart Perusahaan gagal memenuhi liabilitas kontraktualnya kepada Perusahaan. Perusahaan juga menghadapi risiko kredit lainnya yang berasal dari investasi pada efek utang (Obligasi Pemerintah dan efek-efek). Credit risk is the risk of suffering financial loss, should any of the Company’s counterparties fail to fulfill their contractual obligations to the Company. The Company is also exposed to other credit risks arising from investments in debt securities (Government bonds and marketable securities). Risiko kredit merupakan salah satu risiko terbesar bagi Perusahaan; sehingga manajemen melakukan pengelolaan eksposur risiko kredit dengan hati-hati. Manajemen dan pengendalian atas risiko kredit dipusatkan pada tim manajemen risiko kredit, yang bertanggung jawab kepada Direksi. Penilaian risiko kredit atas suatu portofolio aset memerlukan estimasi-estimasi, seperti kemungkinan terjadinya wanprestasi, rasio kerugian dan korelasi wanprestasi antara lawan transaksi. Credit risk is the one of the largest risk for the Company’s business; management therefore carefully manages its exposure to credit risk. The credit risk management and control are centralized in a credit risk management team, which reports to the Board of Directors. The assessment of credit risk of a portfolio of assets entails estimations as to the likelihood of defaults occurring, of the associated loss ratios and of default correlations between counterparties. Penyisihan kerugian penurunan nilai yang diakui pada pelaporan keuangan (jika ada) hanyalah kerugian yang telah terjadi pada tanggal laporan posisi keuangan konsolidasian (berdasarkan bukti obyektif atas penurunan nilai). Impairment allowances (if any) are recognized for financial reporting purposes only for loss that have been incurred at the date of the consolidated statement of financial position (based on objective evidence of impairment). Tabel berikut menyajikan eksposur maksimum Perusahaan terhadap risiko kredit untuk instrumen keuangan (kecuali produk unit link): The following table presents the Company’s maximum exposure to credit risk of financial asset (excluding unit-linked products): 31 Desember/December 31, 2017 2016 Aset Kas pada bank Piutang premi Piutang hasil investasi Piutang reasuransi Investasi Dana jaminan Deposito berjangka Efek-efek Penyertaan saham Piutang lain-lain Aset lain-lain 235.830 130.498 99.018 20.259 142.083 52.286 140.050 19.434 258.945 788.592 7.557.077 1.500 97.908 23.150 149.315 1.094.373 5.120.249 1.500 103.955 18.975 Assets Cash in banks Premium receivables Investment income receivables Reinsurance receivables Investments Statutory funds Time deposits Marketable securities Investment in shares Other receivables Other assets Total 9.212.777 6.842.220 Total 128 474 PT BNI Life Insurance | Laporan Tahunan 2017
  475. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) b. 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Risiko kredit (lanjutan) b. Credit risk (continued) Tabel di atas menggambarkan eksposur maksimum atas risiko kredit bagi Perusahaan pada tanggal 31 Desember 2017 dan 2016. Dewan Direksi yakin akan kemampuan untuk mengendalikan dan memelihara eksposur risiko kredit pada tingkat yang minimum. The above table represents a worst-case scenario of credit risk exposure to the Company as of December 31, 2017 and 2016. The Board of Directors is confident in their ability to continue to control and sustain minimal exposure of credit risk. Pada tanggal 31 Desember 2017 dan 2016, eksposur risiko kredit atas aset keuangan berdasarkan kualitas aset keuangan terbagi atas: As of December 31, 2017 and 2016, credit risk exposure relating to financial assets based on quality of financial assets are divided as follows: Belum jatuh tempo maupun mengalami penurunan nilai/ Neither past due nor impaired Telah jatuh tempo namun tidak mengalami penurunan nilai/ Past due but not impaired Mengalami penurunan nilai/ Impaired Total/ Total 31 Desember 2017 Kas dan kas pada bank Piutang premi Piutang hasil investasi Piutang reasuransi Investasi Dana jaminan Deposito berjangka Efek-efek Penyertaan saham Piutang lain-lain Aset lain-lain 235.830 120.106 99.018 20.259 8.157 - 2.235 - 235.830 130.498 99.018 20.259 258.945 788.592 7.546.186 1.500 95.413 23.150 - 10.891 2.495 - 258.945 788.592 7.557.077 1.500 97.908 23.150 December 31, 2017 Cash and cash in banks Premium receivables Investment income receivables Reinsurance receivables Investments Statutory funds Time deposits Marketable securities Invetsment in shares Other receivables Other assets Total 9.188.999 8.157 15.621 9.212.777 Total Dikurangi: Cadangan penurunan nilai: Piutang premi Investasi Efek-efek Piutang lain-lain - - (2.235) (2.235) - - (10.891) (2.495) (10.891) (2.495) Less: Allowance for impairment loss: Premium receivables Investment Marketable securities Other receivables (15.621) (15.621) Total Total - - Neto 9.188.999 8.157 - 9.197.156 Net 31 Desember 2016 Kas dan kas pada bank Piutang premi Piutang hasil investasi Piutang reasuransi Investasi Dana jaminan Deposito berjangka Efek-efek Penyertaan saham Pinjaman pemegang polis Piutang lain-lain Aset lain-lain 142.083 52.286 140.050 19.434 - - 142.083 52.286 140.050 19.434 149.315 1.094.373 5.109.358 1.500 876 101.460 18.975 - 10.891 2.495 - 149.315 1.094.373 5.120.249 1.500 876 103.955 18.975 December 31, 2016 Cash and cash in banks Premium receivables Investment income receivables Reinsurance receivables Investments Statutory funds Time deposits Marketable securities Invetsment in shares Loan to policyholders Other receivables Other assets Total 6.829.710 - 13.386 6.843.096 Total 129 Annual Report 2017 | PT BNI Life Insurance 475
  476. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) b. 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Risiko kredit (lanjutan) b. Belum jatuh tempo maupun mengalami penurunan nilai/ Neither past due nor impaired 31 Desember 2016 (lanjutan) Dikurangi: Cadangan penurunan nilai: Investasi Efek-efek Piutang lain-lain Telah jatuh tempo namun tidak mengalami penurunan nilai/ Past due but not impaired Mengalami penurunan nilai/ Impaired - (10.891) (2.495) Total - - (13.386) Neto 6.829.710 - - PT BNI Life Insurance | Laporan Tahunan 2017 (10.891) (2.495) December 31, 2016 (continued) Less: Allowance for impairment loss: Investment Marketable securities Other receivables (13.386) Total 6.829.710 Net Management of credit risk is performed by implementing investment limitations, such as the rating of marketable securities of corporate bonds (minimum BBB-) and criteria of Company’s counterparties (bank: the largest 20 banks based on assets, investment manager: the largest 15 investment manager based on Asset Under Management, brokerage: the largest 20 brokerage based on Net Asset Working Capital). In relation to the placement of cash and time deposits, the Company uses several indicators among others solvency ratio, rating of respective banks and its reputation. Those counterparties list are reviewed periodically. Risiko likuiditas Risiko likuiditas adalah risiko dimana Perusahaan tidak bisa memenuhi liabilitas pada saat jatuh tempo sebagai akibat dari pembayaran klaim dan manfaat polis, kebutuhan kas dari komitmen kontraktual, atau arus keluar kas lainnya, seperti utang yang telah jatuh tempo. Arus kas keluar ini akan menghabiskan sumber daya kas yang tersedia untuk aktivitas operasional, perdagangan dan investasi. Dalam suatu keadaan yang ekstrim, kekurangan likuiditas dapat mengarah pada penurunan laporan posisi keuangan konsolidasian dan penjualan aset, atau ketidakmampuan untuk memenuhi komitmen kepada pemegang polis. Risiko ini melekat pada semua operasi asuransi dan bisa dipengaruhi oleh kejadian spesifik secara institusional dan pasar secara luas termasuk, tetapi tidak terbatas pada, transaksi kredit, aktivitas merger dan akuisisi, goncangan sistemik dan bencana alam. 476 Total/ Total - Pengelolaan risiko kredit dilakukan dengan menerapkan batasan-batasan investasi dalam hal rating efek-efek atau obligasi korporasi (minimal BBB-) dan kriteria counterparty dalam bertransaksi (bank: 20 bank terbesar berdasarkan aset, manajer investasi: 15 manajer investasi terbesar berdasarkan Asset Under Management, broker: 20 broker terbesar berdasarkan Modal Kerja Bersih Disesuaikan). Untuk pemilihan counterparties bank dalam rangka penempatan kas dan deposito, Perusahaan menggunakan beberapa indikator diantaranya tingkat rasio kecukupan modal bank tersebut, peringkat bank dan reputasi bank tersebut. Daftar counterparties tersebut ditelaah secara periodik. c. Credit risk (continued) c. Liquidity risk Liquidity risk is the risk that the Company is unable to meet its obligations when they fall due as a result of claim and policy benefits payment, cash requirements from contractual commitments, or other cash outflows, such as debt maturities. Such outflows would deplete available cash resources for operational, trading, and investment activities. In extreme circumstances, lack of liquidity could result in reductions in the consolidated statement of financial position and sales of assets, or potentially an inability to fulfill policy holder’s commitment. The risk that the Company will be unable to do so is inherent in all insurance operations and can be affected by a range of institution-specific and market- wide events including, but not limited to, credit events, merger and acquisition activity, systemic shocks and natural disasters. 130
  477. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 38. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan) c. 38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Risiko likuiditas (lanjutan) c. The table below summarises the maturity profile of the Company’s financial liabilities based on undiscounted contractual cashflow: Tabel dibawah ini merangkum profil jatuh tempo liabilitas keuangan Perusahaan berdasarkan arus kas kontraktual yang tidak terdiskonto: Nilai tercatat/ Carrying amount 31 Desember 2017 Utang klaim Utang reasuransi Utang komisi Utang lain-lain Akrual Utang sewa pembiayaan Total Total 18.261 17.373 30.825 95.423 61.457 - - 18.261 17.373 30.825 95.423 61.457 December 31, 2017 Claim payables Reinsurance payables Commission payables Other payables Accrued expenses 6.544 4.096 1.526 922 6.544 Obligation under finance lease 229.883 227.435 1.526 922 229.883 Total 6.121 26.428 23.927 22.221 62.322 6.121 26.428 23.927 22.221 62.322 - - 6.121 26.428 23.927 22.221 62.322 December 31, 2016 Claim payables Reinsurance payables Commission payables Other payables Accrued expenses 12.369 8.136 4.233 - 12.369 Obligation under finance lease 153.388 149.155 4.233 - 153.388 Total This maturity profile is based on the remaining period to the contractual maturity date. In addition, if the Company encounters liquidity needs, marketable securities and current assets could be liquidated. The Company’s policy with regards to the maturity gap between the monetary assets and liabilities is to determine a gap limit which is adjusted to the Company’s ability to obtain immediate liquidity. Profil jatuh tempo ini didasarkan pada jangka waktu yang tersisa sampai dengan tanggal jatuh tempo kontrak. Selain itu, jika terdapat kebutuhan akan likuiditas, efek-efek dan aset lancar dapat dijual. Kebijakan Perusahaan sehubungan dengan maturity gap antara aset dan liabilitas moneter adalah menetapkan gap limit yang disesuaikan dengan kemampuan Perusahaan untuk memperoleh likuiditas segera. 39. NILAI WAJAR KEUANGAN Di atas 2 tahun/ Over 2 years 1-2 tahun/years 18.261 17.373 30.825 95.423 61.457 31 Desember 2016 Utang klaim Utang reasuransi Utang komisi Utang lain-lain Akrual Utang sewa pembiayaan Total Sampai dengan 1 tahun/ Up to 1 year Liquidity risk (continued) ASET DAN LIABILITAS 39. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Nilai wajar adalah suatu total dimana aset dapat ditukar atau liabilitas dapat diselesaikan dengan dasar transaksi wajar. Fair value is the amount for which an asset could be exchanged or a liability settled in an agreed price transaction basis. Instrumen keuangan yang tidak diukur pada nilai wajar Financial instruments not measured at fair value Tabel berikut menyajikan nilai tercatat dan taksiran nilai wajar dari aset dan liabilitas keuangan Perusahaan yang tidak diukur pada nilai wajar pada tanggal 31 Desember 2017 dan 2016: The table below presented carrying amounts and estimated fair value of the Company’s financial assets and liabilities that are not measured at fair value as of December 31, 2017 and 2016: 131 Annual Report 2017 | PT BNI Life Insurance 477
  478. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 39. NILAI WAJAR ASET KEUANGAN (lanjutan) DAN PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) LIABILITAS 39. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (continued) Instrumen keuangan yang tidak diukur pada nilai wajar (lanjutan) Financial instruments not measured at fair value (continued) 31 Desember/December 31, 2017 Nilai tercatat/ Carrying value 31 Desember/December 31, 2016 Nilai wajar/ Fair value Nilai tercatat/ Carrying value Aset Kas dan kas pada bank Piutang premi Piutang hasil investasi Piutang reasuransi Investasi Dana jaminan Deposito berjangka Obligasi/Sukuk Pemerintah Deposito berjangka Efek-efek Penyertaan saham Pinjaman pemegang polis Piutang lain-lain Aset lain-lain 279.269 130.498 121.713 20.259 279.269 130.498 121.713 20.259 261.473 52.286 161.847 19.434 261.473 52.286 161.847 19.434 20.000 238.945 1.182.712 1.223.613 1.500 805 97.908 871.371 20.000 295.621 1.182.712 1.295.686 1.500 805 97.908 871.371 20.000 129.315 1.515.775 2.352.651 1.500 876 103.955 935.720 20.000 147.807 1.515.775 2.400.894 1.500 876 103.955 935.720 Assets Cash and cash in bank Premium receivables Investment income receivables Reinsurance receivables Investment Statutory funds Time deposits Government bonds/sukuk Time deposits Marketable securities Investment in shares Loan to policyholders Other receivables Other assets Total 4.188.593 4.317.342 5.554.832 5.621.567 Total 18.261 17.373 30.825 95.423 61.457 6.544 18.261 17.373 30.825 95.423 61.457 6.544 6.121 26.428 23.927 22.221 62.322 12.369 6.121 26.428 23.927 22.221 62.322 12.369 Liabilities Claim payables Reinsurance payables Commission payables Other payables Accrued expenses Obligations under finance lease 229.883 229.883 153.388 153.388 Total Liabilitas Utang klaim Utang reasuransi Utang komisi Utang lain-lain Akrual Utang sewa pembiayaan Total Semua aset keuangan diklasifikasikan ke dalam pinjaman yang diberikan dan piutang kecuali investasi dalam dana jaminan dan efek-efek dalam bentuk obligasi yang diklasifikasikan sebagai aset keuangan yang dimiliki hingga jatuh tempo, nilai wajar melalui laba rugi dan tersedia untuk dijual dan liabilitas keuangan yang diukur melalui biaya yang diamortisasi mempunyai jatuh tempo dalam jangka pendek, maka nilai tercatatnya merupakan perkiraan yang layak atas nilai wajarnya. All financial assets were classified as loan and receivables except for investment in statutory fund and marketable securities in the form of bonds classified as financial assets held-to-maturity, fair value through profit or loss and available for sale and financial liabilities at amortized cost have a short term maturity, therefore, the carrying amount is a reasonable approximation of fair value. Pada tanggal 31 Desember 2017 dan 2016, nilai wajar untuk aset keuangan yang dimiliki hingga jatuh tempo adalah sebagai berikut: As of December 31, 2017 and 2016, the fair value of the financial assets held-to-maturity are as follows: Nilai tercatat/ Carrying amount Nilai wajar/ Fair value 31 Desember 2017 Efek-efek Dana jaminan 1.223.613 238.945 1.295.686 295.621 December 31, 2017 Marketable securities Statutory funds 31 Desember 2016 Efek-efek Dana jaminan 2.352.651 129.315 2.400.894 147.807 December 31, 2016 Marketable securities Statutory funds 132 478 Nilai wajar/ Fair value PT BNI Life Insurance | Laporan Tahunan 2017
  479. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 39. NILAI WAJAR ASET KEUANGAN (lanjutan) DAN PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) LIABILITAS 39. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (continued) Instrumen keuangan yang tidak diukur pada nilai wajar (lanjutan) Financial instruments not measured at fair value (continued) Nilai wajar untuk efek-efek dan dana jaminan dalam bentuk obligasi dimiliki hingga jatuh tempo ditentukan berdasarkan nilai pasar yang berlaku pada tanggal laporan posisi keuangan konsolidasian, yaitu menggunakan harga yang berasal dari sumber terpercaya dan dipublikasikan secara rutin, seperti broker’s quoted price dari Bloomberg, KSEI, Reuters dan other quoted market price. The fair value of marketable securities and statutory funds in the form of bonds held-to-maturity are determined based on quoted market price at the consolidated statement of financial position date from credible sources and published regularly, which is broker’s quoted price from Bloomberg, KSEI, Reuters and other quoted market price. Tabel berikut menunjukan nilai wajar untuk aset keuangan yang dimiliki hingga jatuh tempo yang dikelompokkan berdasarkan hirarki nilai wajar pada tanggal 31 Desember 2017 dan 2016: The table below show the fair value of the financial assets classified as held-to-maturity grouped according to the fair value hierarchy as of December 31, 2017 and 2016: Nilai tercatat/ Carrying value 31 Desember 2017 Aset Efek-efek Dana jaminan 31 Desember 2016 Aset Efek-efek Dana jaminan 1.223.613 238.945 2.352.651 129.315 Tingkat 1/ Level 1 Tingkat 2/ Level 2 1.295.686 295.621 Tingkat 3/ Level 3 - 2.400.894 147.807 Nilai wajar/ Fair value - - - 1.295.686 295.621 December 31, 2017 Assets Marketable securities Statutory funds 2.400.894 147.807 December 31, 2016 Assets Marketable securities Statutory funds Instrumen keuangan yang diukur pada nilai wajar Financial instruments measured at fair value Tabel berikut menyajikan instrumen keuangan Perusahaan yang diukur pada nilai wajar pada tanggal 31 Desember 2017 dan 2016: The following tables show the Company’s financial instruments measured at fair value as of December 31, 2017 and 2016: Nilai tercatat/ Carrying value 31 Desember 2017 Aset Efek-efek 31 Desember 2016 Aset Efek-efek 11.899.608 7.285.690 Tingkat 1/ Level 1 Tingkat 2/ Level 2 11.899.608 Tingkat 3/ Level 3 - 7.285.690 - Nilai wajar/ Fair value - - 11.899.608 December 31, 2017 Assets Marketable securities 7.285.690 December 31, 2016 Assets Marketable securities The fair value of financial assets classified as fair value through profit or loss and available for sale are same with the carrying amount. Nilai wajar untuk aset keuangan yang diklasifikasikan sebagai nilai wajar yang diukur melalui laporan laba rugi dan tersedia untuk dijual adalah sama dengan nilai tercatatnya. 133 Annual Report 2017 | PT BNI Life Insurance 479
  480. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 40. RISIKO PERMODALAN 40. CAPITAL RISK Tujuan Perusahaan dalam mengelola permodalannya adalah untuk menjaga kelangsungan usaha Perusahaan untuk dapat memberikan hasil kepada pemegang saham dan manfaat kepada pemegang kepentingan lainnya, dan pemeliharaan optimalisasi struktur permodalan untuk mengurangi biaya operasional. The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as going concern in order to provide returns for shareholders and benefits for other stakeholders, and to maintain an optimal capital structure to reduce the operation cost. Dalam rangka memelihara atau menyesuaikan struktur permodalan, Perusahaan dapat menyesuaikan total dividen yang dibayarkan kepada pemegang saham, imbal hasil modal kepada pemegang saham atau menerbitkan saham baru untuk mengurangi liabilitas. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders or issue new shares to reduce liabilities. Konsisten dengan pelaku industri lainnya, Perusahaan memonitor rasio solvabilitas yang dihitung berdasarkan Peraturan Otoritas Jasa Keuangan No. 71/POJK.05/2016 untuk tahun 2017 dan Peraturan Menteri Keuangan Republik Indonesia No. 53/PMK.010/2012 untuk tahun 2016 tentang Kesehatan Keuangan Perusahaan Asuransi dan Reasuransi. Total minimum pencapaian rasio solvabilitas adalah 120%. Pada tanggal 31 Desember 2017 dan 2016, Perusahaan telah memenuhi ketentuan dalam peraturan tersebut. Consistent with others in the industry, the Company monitors solvency ratio which is calculated in accordance with Regulation of Financial Authority Services No. 71/POJK.05/2016 for 2017 and Regulation of Minister of Finance of the Republic of Indonesia No. 53/PMK.010/2012 for 2016 regarding The Financial Soundness of the Insurance and Reinsurance Company. Minimum solvency ratio is 120%. As of December 31, 2017 and 2016, the Company has fulfilled the requirements outlined in the regulation. Berdasarkan Peraturan Otoritas Jasa Keuangan No. 72/POJK.05/2016 tanggal 28 Desember 2016 untuk tahun 2017 dan Peraturan Menteri Keuangan No. 11/PMK.010/2011 tanggal 12 Januari 2011 untuk tahun 2016, tentang Kesehatan Keuangan Usaha Asuransi dan Usaha Reasuransi dengan Prinsip Syariah. Pada tahun 2017, berdasarkan POJK No. 72, Perusahaan diwajibkan untuk memenuhi rasio solvabilitas untuk dana tabarru’ paling sedikit 60% (paling lambat tanggal 31 Desember 2017), 80% (paling lambat tanggal 31 Desember 2018) and 100% (paling lambat tanggal 31 Desember 2019) dari risiko kerugian yang mungkin timbul sebagai akibat dari deviasi dalam pengelolaan kekayaan dan liabilitas. Sedangkan pada tahun 2016, berdasarkan PMK No. 11, Perusahaan diwajibkan untuk memenuhi rasio solvabilitas untuk dana tabarru’ paling sedikit 5% (paling lambat tanggal 31 Maret 2011), 15% (paling lambat tanggal 31 Desember 2012), dan 30% (paling lambat tanggal 31 Desember 2014) dari risiko kerugian yang mungkin timbul sebagai akibat dari deviasi dalam pengelolaan kekayaan dan liabilitas. Based on the Regulation of Financial Authority Services No. 72/POJK.05/2016 dated December 28, 2016 for 2017 and Regulation of Ministry of Finance of the Republic of Indonesia No. 11/PMK.010/2011 dated January 12, 2011 for 2016, regarding Financial Soundness of Insurance and Reinsurance Business with Sharia Principle. In 2017, based on POJK No. 72, the Company is required to have minimum solvency ratio for tabarru’ fund of 60% (at the latest December 31, 2017), 80% (at the latest December 31, 2018) and 100% (at the latest December 31, 2019) of the risk of loss which may arise from deviation in management of assets and liabilities. While for 2016, based on PMK No. 11, the Company is required to have minimum solvency ratio for tabarru’ fund of 5% (at the latest March 31, 2011), 15% (at the latest December 31, 2012) and 30% (at the latest December 31, 2014) of the risk of loss which may arise from deviation in management of assets and liabilities. Pada tanggal 31 Desember 2017 dan 2016, Perusahaan memenuhi persyaratan minimum batas tingkat solvabilitas yang telah ditentukan. As of December 31, 2017 and 2016, the Company has met the above minimum solvency ratio requirement. 134 480 PT BNI Life Insurance | Laporan Tahunan 2017
  481. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 41. PERJANJIAN KONTINJENSI SIGNIFIKAN, IKATAN PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DAN 41. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES a. Perusahaan melakukan perjanjian kerjasama dengan beberapa rumah sakit dalam rangka meningkatkan pemasaran produk asuransi kesehatan. a. The Company has entered into cooperation agreements with several hospitals in order to improve the marketing of health insurance product. b. Perusahaan melakukan perjanjian kerjasama dengan beberapa manajer investasi dalam rangka pengelolaan dana investasi Perusahaan dan unit link, seperti PT Schroder Investment Management Indonesia, PT Danareksa Investment Management, PT Batavia Prosperindo Aset Manajemen, PT Panin Asset Management, PT CIMB Principal Asset Management, PT Bahana TCW Investment Management, Indopremier Investment Management, PT Lautandhana Investment Management, PT Insight Investment Management, PT Samuel Asset Management, PT Ashmore Asset Management Indonesia, PT BNI Asset Management, dan PT Henan Putihrai Asset Management. b. The Company has entered into cooperation agreements with several fund managers in order to manage Company’s investment fund and unit link, such as PT Schroder Investment Management Indonesia, PT Danareksa Investment Management, PT Batavia Prosperindo Aset Manajemen, PT Panin Asset Management, PT CIMB Principal Asset Management, PT Bahana TCW Investment Management, Indopremier Investment Management, PT Lautandhana Investment Management, PT Insight Investment Management, PT Samuel Asset Management, PT Ashmore Asset Management Indonesia, PT BNI Asset Management, and PT Henan Putihrai Asset Management. c. Perusahaan melakukan perjanjian kerjasama dengan bank kustodian seperti PT Bank Mega Tbk, PT Bank DBS Indonesia, Standard Chartered Bank, PT Bank Mandiri (Persero) Tbk dan PT Bank Negara Indonesia (Persero) Tbk, entitas induk. c. The Company has entered into cooperation agreements with custodian banks such as PT Bank Mega Tbk, PT Bank DBS Indonesia, Standard Chartered Bank, PT Bank Mandiri (Persero) Tbk and PT Bank Negara Indonesia (Persero) Tbk, parent entity. d. Perusahaan memiliki perjanjian reasuransi (treaty) dengan beberapa perusahaan reasuransi, yaitu PT Reasuransi Indonesia Utama (Persero), PT Maskapai Reasuransi Indonesia, PT Reasuransi Nasional Indonesia dan PT Tugu Reasuransi Indonesia untuk memitigasi risiko asuransi Perusahaan. d. The Company has entered into treaty agreements with reinsurance companies such as PT Reasuransi Indonesia Utama (Persero), PT Maskapai Reasuransi Indonesia, PT Reasuransi Nasional Indonesia dan PT Tugu Reasuransi Indonesia to mitigate the Company’s insurance risks. e. Pada bulan Oktober 2006, Perusahaan melakukan penempatan dalam Medium Term Notes (MTN) yang diterbitkan oleh PT Djakarta Lloyd (Persero) (DL) dengan nilai nominal sebesar Rp15.000, jangka waktu satu tahun dan tingkat bunga 16% per tahun. Pada tanggal 3 September 2007, tingkat bunga MTN ini telah disesuaikan menjadi 13% per tahun. e. In October 2006, the Company has a placement in Medium Term Notes (MTN) issued by PT Djakarta Lloyd (Persero) (DL) with nominal value of Rp15,000 for one year period and interest rate of 16% per annum. As of September 3, 2007, this MTN interest rate had been adjusted to 13% per annum. Jangka waktu pelunasan MTN telah dijadwal ulang beberapa kali; terakhir dengan Surat Pernyataan Penjadwalan Ulang tanggal 22 Mei 2008, mengenai persetujuan DL untuk melunasi hutangnya secara bertahap pada tanggal 30 Juni, 31 Agustus dan 31 Oktober 2008. Sampai dengan tanggal penyelesaian laporan keuangan, Perusahaan telah menerima pelunasan sebagian pokok MTN sejumlah Rp4.050. Repayment period of MTN has been rescheduled several times; the latest by Rescheduling Statement Letter dated May 22, 2008, concerning DL’s approval to repay its obligation gradually on June 30, August 31 and October 31, 2008. Up to the completion date of the financial statements, the Company has received partial repayment of MTN principal totaling Rp4,050. 135 Annual Report 2017 | PT BNI Life Insurance 481
  482. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) 41. PERJANJIAN SIGNIFIKAN, KONTINJENSI (lanjutan) IKATAN PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) DAN 41. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES (continued) Pada tanggal 5 November 2008, Perusahaan mengajukan gugatan terhadap DL, melalui Pengadilan Negeri Jakarta Pusat karena DL telah gagal melunasi MTN tersebut pada tanggal jatuh temponya. Pada tahun 2008, Perusahaan telah membuat penyisihan penurunan nilai atas investasi, sehingga saldo MTN menjadi nihil pada tahun tersebut. On November 5, 2008, the Company filed civil suits against DL, to the District Court of Central Jakarta in connection with the failure of DL to repay the MTN upon maturity. In 2008, the Company has provided allowance for decline in value of an investment, consequently, the balance of MTN was nil in that year. Pada tanggal 24 April 2009, Perusahaan menerima Surat Keputusan No. 402/Pdt.G/2008/PN.JKT.PST dari Pengadilan Negeri Jakarta Pusat dan mengharuskan DL untuk membayar pokok dan bunga atas MTN masing-masing sebesar Rp10.950 dan Rp1.801 kepada Perusahaan. On April 24, 2009, the Company has received Decision Letter No. 402/Pdt.G/2008/PN.JKT.PST from District Court of Central Jakarta and required DL to pay the principal and interest of MTN amounting to Rp10,950 and Rp1,801, respectively to the Company. 42. REKLASIFIKASI AKUN 42. RECLASSIFICATION ACCOUNTS Certain accounts in 2016 are reclassified in conform with the presentation of accounts in the consolidated financial statements as of December 31, 2017: Akun-akun tertentu pada tahun 2016 di reklasifikasi untuk menyesuaikan penyajian akun pada laporan keuangan konsolidasian tanggal 31 Desember 2017: 31 Desember/December 31, 2016 Sebelum reklasifikasi/ Before reclassification Laporan Posisi Keuangan Konsolidasian Aset Aset reasuransi Liabilitas Penyisihan kontribusi yang belum menjadi hak Reklasifikasi/ Reclassification 42.922 10.848 102.613 10.848 113.461 Unearned contribution provisions 43. ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE The following summarizes the Statements of Financial Accounting Standards (PSAK amendment and adaption) and Interpretation of Financial Accounting Standards (ISAK) issued by the Indonesian Accounting Standards Board Indonesian Accountant Institute (DSAK-IAI) which are not yet effective for the consolidated financial statements as of and for the year ended December 31, 2017: Berikut ini ikhtisar Pernyataan Standar Akuntansi Keuangan (PSAK amandemen dan penyesuaian) dan Interpretasi Standar Akuntansi Keuangan (ISAK) yang diterbitkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akutan Indonesia (DSAK-IAI) yang belum berlaku efektif untuk laporan keuangan konsolidasian pada tanggal dan untuk tahun yang berakhir pada tanggal 31 Desember 2017: 136 PT BNI Life Insurance | Laporan Tahunan 2017 53.770 Consolidated Statement of Financial Position Assets Reinsurance assets Liabilities 43. STANDAR AKUNTANSI YANG TELAH DISAHKAN NAMUN BELUM BERLAKU EFEKTIF 482 Setelah reklasifikasi/ After reclassification
  483. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 43. STANDAR AKUNTANSI YANG TELAH DISAHKAN NAMUN BELUM BERLAKU EFEKTIF (lanjutan) 43. ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE (continued) Efektif berlaku pada atau setelah tanggal 1 Januari 2018: Effective on or after January 1, 2018: a. Amandemen PSAK No. 2: Laporan Arus Kas tentang Prakarsa Pengungkapan, amandemen ini mensyaratkan entitas untuk menyediakan pengungkapan yang memungkinkan pengguna laporan keuangan untuk mengevaluasi perubahan pada liabilitas yang timbul dari aktivitas pendanaan, termasuk perubahan yang timbul dari arus kas maupun perubahan nonkas. a. Amendments to PSAK No. 2: Statement of Cash Flows on the Disclosures Initiative, this amendments requires entities to provide disclosures that enable the financial statements users to evaluate the changes in liabilities arising from financing activities, including changes from cash flow and non-cash. b. Amandemen PSAK No. 46: Pajak Penghasilan tentang Pengakuan Aset Pajak Tangguhan untuk Rugi yang Belum Direalisasi, amandemen ini mengklarifikasi bahwa untuk menentukan apakah laba kena pajak akan tersedia sehingga perbedaan temporer yang dapat dikurangkan dapat dimanfaatkan; estimasi atas kemungkinan besar laba kena pajak masa depan dapat mencakup pemulihan beberapa aset entitas melebihi jumlah tercatatnya b. Amendments to PSAK No. 46: Income Taxes on the Recognition of Deferred Tax Assets for Unrealized Losses, this amendments clarifies that to determine whether the taxable income will be available so that the deductible temporary differences can be utilized; estimates of the most likely future taxable income can include recovery of certain assets of the entity exceeds its carrying amount. c. PSAK 71: Instrumen Keuangan, yang diadopsi dari IFRS No. 9, berlaku efektif 1 Januari 2020 dengan penerapan dini diperkenankan. c. PSAK No. 71: Financial Instruments, adopted from IFRS No. 9, effective 1 January 2020 with earlier application is permitted. This PSAK provides for classification and measurement of financial instruments based on the characteristics of contractual cash flows and business model of the entity; expected credit loss impairment model that resulting information more timely, relevant and understandable to users of financial statements; accounting for hedging that reflect the entity's risk management better by introduce a more general requirements based on management's judgment. PSAK ini mengatur klasifikasi dan pengukuran instrumen keuangan berdasarkan karakteristik dari arus kas kontraktual dan model bisnis entitas; metode kerugian kredit ekspektasian untuk penurunan nilai yang menghasilkan informasi yang lebih tepat waktu, relevan dan dimengerti oleh pemakai laporan keuangan; akuntansi untuk lindung nilai yang merefleksikan manajemen risiko entitas lebih baik dengan memperkenalkan persyaratan yang lebih umum berdasarkan pertimbangan manajemen. d. d. PSAK No. 73: Sewa, yang diadopsi dari IFRS 16, berlaku efektif 1 Januari 2020 dengan penerapan dini diperkenankan untuk entitas yang juga telah menerapkan PSAK No. 72: Pendapatan dari Kontrak dengan Pelanggan. PSAK ini menetapkan prinsip pengakuan, pengukuran, penyajian, dan pengungkapan atas sewa dengan memperkenalkan model akuntansi tunggal dengan mensyaratkan untuk mengakui aset hak-guna (right-of-use assets) dan liabilitas sewa. Terdapat 2 pengecualian opsional dalam pengakuan aset dan liabilitas sewa, yakni untuk: (i) sewa jangka-pendek dan (ii) sewa yang aset pendasarnya (underlying assets) bernilai-rendah. PSAK No. 73: Leases, adopted from IFRS 16, effective 1 January 2020 with earlier application is permitted, but not before an entity applies PSAK No. 72: Revenue from Contracts with Customers. This PSAK establish the principles of recognition, measurement, presentation, and disclosure of the lease by introducing a single accounting model, with the requirement to recognize the right-of-use assets and liability of the lease; there are 2 optional exclusions in the recognition of the lease assets and liabilities: (i) short-term lease and (ii) lease with low-value underlying assets. 137 Annual Report 2017 | PT BNI Life Insurance 483
  484. The original consolidated financial statements included herein are in the Indonesian language . PT BNI LIFE INSURANCE DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2017 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) PT BNI LIFE INSURANCE AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2017 and For the Year Then Ended (Expressed in millions of Rupiah, unless otherwise stated) 43. STANDAR AKUNTANSI YANG TELAH DISAHKAN NAMUN BELUM BERLAKU EFEKTIF (lanjutan) 43. ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE (continued) Efektif berlaku pada atau setelah tanggal 1 Januari 2018: (lanjutan) Effective on or after January 1, 2018: (continued) e. e. Amandemen PSAK No. 62: Kontrak Asuransi tentang Menerapkan PSAK 71 Instrumen Keuangan dengan PSAK No. 62 Kontrak Asuransi, berlaku efektif 1 Januari 2020. This amendments allows those who meet certain criteria to apply a temporary exclusion of PSAK No. 71 (deferral approach) or choose to implement overlay approach for financial assets designated. Amandemen ini mengizinkan yang memenuhi kriteria tertentu untuk menerapkan pengecualian sementara dari PSAK No. 71 (deferral approach) atau memilih untuk menerapkan pendekatan berlapis (overlay approach) untuk aset keuangan yang ditetapkan f. f. PSAK No. 71 (Amandemen 2017), “Instrumen Keuangan”, mengatur bahwa aset keuangan dengan fitur pelunasan dipercepat yang dapat menghasilkan kompensasi negatif memenuhi kualifikasi sebagai arus kas kontraktual yang berasal dari pembayaran pokok dan bunga dari jumlah terutang. 138 PT BNI Life Insurance | Laporan Tahunan 2017 PSAK No. 71 (2017 Amendments), “Financial Instruments”, provides that a financial asset with prepayment features that may result in negative compensation qualifies as a contractual cash flow derived solely from the principal and interest of the principal amount owed. The Company and subsidiaries are currently evaluating and have not yet determined the effects of these Standards and Interpretation on their consolidated financial statements. Perusahaan dan entitas anak sedang mengevaluasi dan belum menentukan dampak dari Standar dan Interprestasi tersebut terhadap laporan keuangan konsolidasiannya. 484 Amendments to PSAK No. 62: Insurance Contract on Applying PSAK No. 71 Financial Instruments with PSAK No. 62 Insurance Contract, effective 1 January 2020.
  485. INDEKS BAPEPAM LK X .K.6 DAN ARA Cross Reference of Bapepam-LK Regulation No X.K.6 Penjelasan Explanation Kriteria Criteria No I Umum General 1 Laporan tahunan disajikan dalam bahasa Indonesia yang baik dan benar dan dianjurkan menyajikan juga dalam bahasa Inggris The annual report is presented in good and correct Indonesian and also recommended in English Hal √ 2 Laporan tahunan dicetak dengan kualitas yang baik dan menggunakan jenis dan ukuran huruf yang mudah dibaca Annual reports is printed in good quality fand use easy-to-read type and letter sizes Nama perusahaan dan tahun annual report ditampilkan di: Sampul muka; Samping; Sampul belakang; dan Setiap halaman. Name of company and year of annual report shown on: Front cover; Side; Back cover; and Every page. √ 3 Laporan tahunan mencantumkan identitas perusahaan dengan jelas The annual report clearly identifies the identity of the company Mencakup laporan tahunan terkini dan paling kurang 4 (empat) tahun terakhir. Includes the latest annual report and at least the last 4 (four) years. √ Mencakup laporan tahunan terkini dan paling kurang 4 tahun terakhir. Including the latest annual report and at least for the last 4 years. √ 4 II 1 Laporan tahunan ditampilkan di website perusahaan Information on the Company Website Ikhtisar Data Keuangan Penting Summary Of Important Financial Data Informasi hasil usaha perusahaan dalam bentuk perbandingan selama 3 (tiga) tahun buku atau sejak memulai usahanya jika perusahaan tersebut menjalankan kegiatan usahanya selama kurang dari 3 (tiga) tahun Information on business results of the company in the form of comparison for 3 (three) financial years, or since starting business if the Company’s business activities are less than 3 (three) years √ Informasi memuat antara lain: Penjualan/pendapatan usaha; Laba (rugi): Laba bruto Diatribusikan kepada pemilik entitas induk; dan Diatribusikan kepada kepentingan nonpengendali; Penghasilan komprehensif periode berjalan : Diatribusikan kepada pemilik entitas induk; dan Diatribusikan kepada kepentingan nonpengendali; dan Laba (rugi) per saham. Catatan: Apabila perusahaan tidak memiliki entitas anak, perusahaan menyajikan laba (rugi) dan penghasilan komprehensif periode berjalan secara total. 14-16 Information includes among others: Sales / operating revenues; Profit and loss): Gross profit Attributed to the owner of the parent; and Attributed to non-controlling interests; Comprehensive income for the current period: Attributed to the owner of the parent; and Attributed to non-controlling interests; and Earnings (loss) per share. Note: If the company does not have a subsidiary, the company presents the total current profit (loss) and total income for the current year. 2 Informasi posisi keuangan perusahaan dalam bentuk perbandingan selama 3 (tiga) tahun buku atau sejak memulai usahanya jika perusahaan tersebut menjalankan kegiatan usahanya selama kurang dari 3 (tiga) tahun Company's financial position information in the form of comparison for 3 (three) financial years, or since starting business if the Company’s business activities are less than 3 (three) years Informasi memuat antara lain: Jumlah investasi pada entitas asosiasi; Jumlah aset; Jumlah liabilitas; dan Jumlah ekuitas. 14-16 Information includes among others: Amount of investment in associate entity; Total assets; Amount of liabilities; and Total equity. Annual Report 2017 | PT BNI Life Insurance 485
  486. Kriteria Criteria No 3 Rasio keuangan dalam bentuk perbandingan selama 3 (tiga) tahun buku atau sejak memulai usahanya jika perusahaan tersebut menjalankan kegiatan usahanya selama kurang dari 3 (tiga) tahun Financial ratios in the form of comparisons for 3 (three) fiscal years or since the start of business business if the the Company’s business activities are less than 3 (three) years Penjelasan Explanation Informasi memuat 5 (lima) rasio keuangan yang umum dan relevan dengan industri perusahaan. Information contains 5 (five) financial ratios that are common and relevant to the company's industry. Hal 17 Jumlah saham yang beredar; Informasi dalam bentuk tabel yang memuat: Kapitalisasi pasar berdasarkan harga pada Bursa Efek tempat saham dicatatkan; Harga saham tertinggi, terendah, dan penutupan berdasarkan harga pada Bursa Efek tempat saham dicatatkan; dan Volume perdagangan saham pada Bursa Efek tempat saham dicatatkan. Informasi dalam bentuk grafik yang memuat paling kurang: Harga penutupan berdasarkan harga pada Bursa Efek tempat saham dicatatkan; dan Volume perdagangan saham pada Bursa Efek tempat saham dicatatkan. untuk setiap masa triwulan dalam 2 (dua) tahun buku terakhir. 4 Informasi harga saham dalam bentuk tabel dan grafik Stock price information in tables and graphs Catatan: apabila perusahaan tidak memiliki kapitalisasi pasar, informasi harga saham, dan volume perdagangan saham, agar diungkapkan. 19 Number of shares outstanding; Information in tabular form which contains: Market capitalization based on the price at the Stock Exchange where the shares are listed; The highest, lowest, and closing prices are based on the price at the Stock Exchange where the shares are listed; and Stock trading volume on the Stock Exchange where the shares are listed. Information in graphical form containing at least: The closing price based on the price at the Stock Exchange where the shares are listed; and Stock trading volume on the Stock Exchange where the shares are listed. for each quarter for the last 2 (two) fiscal years. Note: if the company does not have market capitalization, stock price information, and stock trading volume, to be disclosed. 5 Informasi mengenai obligasi, sukuk atau obligasi konversi yang masih beredar dalam 2 (dua) tahun buku terakhir Information on bonds, sukuk or convertible bonds outstanding in the last 2 (two) fiscal years Informasi memuat: Jumlah obligasi/sukuk/obligasi konversi yang beredar (outstanding); Tingkat bunga/imbalan; Tanggal jatuh tempo; dan Peringkat obligasi/sukuk tahun 2015 dan 2016 Catatan: apabila perusahaan tidak memiliki obligasi/sukuk/obligasi konversi, agar diungkapkan. 19 Information includes: Number of bonds / sukuk / bonds of conversion in circulation (outstanding); Interest rate / reward; Due date; and Rating for bonds / sukuk in 2015 and 2016 Note: if the company does not have bonds / sukuk / convertible bonds, to be disclosed. III. Laporan Dewan Komisaris dan Direksi Board of Commissioners And Board Of Directors Report Memuat hal-hal sebagai berikut: Penilaian atas kinerja Direksi mengenai pengelolaan perusahaan dan dasar penilaiannya; Pandangan atas prospek usaha perusahaan yang disusun oleh Direksi dan dasar pertimbangannya; Pandangan atas penerapan/pengelolaan whistleblowing system (WBS) di perusahaan dan peran Dewan Komisaris dalam WBS tersebut; dan Perubahan komposisi Dewan Komisaris (jika ada) dan alasan perubahannya. 1 486 Laporan Dewan Komisaris Board of Commissioners Report PT BNI Life Insurance | Laporan Tahunan 2017 Including the following: Assessment of the Board of Directors’ performance on the management of the company and scoring basis; A view of the business prospects of the company drawn up by the Board of Directors and the basis for their consideration; The views on the whistleblowing system (WBS) in the company and the role of the Board of Commissioners in the WBS; and Changes in the composition of the Board of Commissioners (if any) and reasons for the change. 44-49
  487. Kriteria Criteria No 2 3 IV . 1 Laporan Direksi Board of Directors Report Tanda tangan anggota Dewan Komisaris dan anggota Direksi Signatures of members of the Board of Commissioners and members of the Board of Directors Penjelasan Explanation Hal Memuat hal-hal sebagai berikut: Analisis atas kinerja perusahaan, yang mencakup antara lain: kebijakan strategis; perbandingan antara hasil yang dicapai dengan yang ditargetkan; dan kendala-kendala yang dihadapi perusahaan dan langkah-langkah penyelesaiannya; Analisis tentang prospek usaha; Perkembangan penerapan tata kelola perusahaan pada tahun buku; dan Perubahan komposisi anggota Direksi (jika ada) dan alasan perubahannya. Including the following: An analysis of the company’s performance, which includes among others: strategic policy; comparison between results achieved and targeted; and constraints faced by the company and its settlement measures; Analysis of business prospects; The development of corporate governance in the fiscal year; and Changes in the composition of the Board of Directors members (if any) and reasons for the change. 26-33 Memuat hal-hal sebagai berikut: Tanda tangan dituangkan pada lembaran tersendiri; Pernyataan bahwa Dewan Komisaris dan Direksi bertanggung jawab penuh atas kebenaran isi laporan tahunan; Ditandatangani seluruh anggota Dewan Komisaris dan anggota Direksi dengan menyebutkan nama dan jabatannya; dan Penjelasan tertulis dalam surat tersendiri dari yang bersangkutan dalam hal terdapat anggota Dewan Komisaris atau anggota Direksi yang tidak menandatangani laporan tahunan, atau penjelasan tertulis dalam surat tersendiri dari anggota yang lain dalam hal tidak terdapat penjelasan tertulis dari yang bersangkutan. 52-53 Including the following: The signaturea are contained on a separate sheet; A statement that the Board of Commissioners and the Board of Directors are fully responsible for the accuracy of the contents of the annual report; Signed by all members of the Board of Commissioners and members of the Board of Directors by stating their names and positions; and A written explanation in a separate letter from individuals in the event that there are members of the Board of Commissioners or members of the Board of Directors who do not sign the annual report, or written explanation in separate letters from other members in the absence of written explanation from the concerned. Profil Perusahaan Company Profile Nama dan alamat lengkap perusahaan The full name and address of the company Informasi memuat antara lain: nama dan alamat, kode pos, no. Telp, no. Fax, email, dan situs web. The information includes: name and address, zip code, no. Tel, no. Fax, email, and website. 54 Mencakup antara lain: tanggal/tahun pendirian, nama, perubahan nama perusahaan (jika ada), dan tanggal efektif perubahan nama perusahaan. 2 Riwayat singkat perusahaan Company brief history Catatan: apabila perusahaan tidak pernah melakukan perubahan nama, agar diungkapkan 55-57 Includes: date / year of establishment, name, change of company name (if any), and effective date of change of company name. Note: if the company has never changes its name, to disclose it 3 Bidang usaha Business fields Uraian mengenai antara lain: Kegiatan usaha perusahaan menurut anggaran dasar terakhir; Kegiatan usaha yang dijalankan; dan Produk dan/atau jasa yang dihasilkan. Description of: Company’s business activities according to the latest articles of association; Business activities carried out; and Products and / or services produced. 4 Struktur Organisasi Organizational structure Dalam bentuk bagan, meliputi nama dan jabatan paling kurang sampai dengan struktur 1 (satu) tingkat di bawah direksi. In the form of a chart, including the names and positions, at least up to 1 (one) level below the board of directors. 59-60 68-69 Annual Report 2017 | PT BNI Life Insurance 487
  488. Penjelasan Explanation Hal Mencakup : Visi perusahaan; Misi perusahaan; Keterangan bahwa visi dan misi tersebut telah direviu dan disetujui oleh Direksi/Dewan Komisaris pada tahun buku; dan Pernyataan mengenai budaya perusahaan (corporate culture) yang dimiliki perusahaan. Includes: Company vision; Company Mission; Information that the vision and mission have been reviewed and approved by the Board of Directors / Board of Commissioners in the fiscal year; and Statement about corporate culture owned by the company. 61-67 6 Informasi memuat antara lain: Nama; Jabatan dan periode jabatan (termasuk jabatan pada perusahaan atau lembaga lain); Umur; Domisili; Pendidikan (Bidang Studi dan Lembaga Pendidikan); Pengalaman kerja (Jabatan, Instansi, dan Periode Menjabat); dan Identitas dan riwayat hidup singkat anggota Dewan Riwayat penunjukkan (periode dan jabatan) sebagai anggota Dewan Komisaris di Perusahaan sejak Komisaris pertama kali ditunjuk. Identity and brief biography of members of the Information includes: Board of Commissioners Name; Position and term of office (including position in company or other institution); Age; Domicile; Education (Field of Study and Educational Institution); Work experience (Position, Institution, and Period of Service); and The history of appointment (period and position) as a member of the Board of Commissioners in the Company since first appointed. 70-73 7 Informasi memuat antara lain: Nama; Jabatan (termasuk jabatan pada perusahaan atau lembaga lain); Umur; Domisili; Pendidikan (Bidang Studi dan Lembaga Pendidikan); Pengalaman kerja (Jabatan, Instansi, dan Periode Menjabat); dan Identitas dan riwayat hidup singkat anggota Direksi Riwayat penunjukkan (periode dan jabatan) sebagai anggota Direksi di Perusahaan sejak pertama Identity and brief biography of members of the kali ditunjuk. Board of Directors Information includes: Name; Position (including position in company orother institution); Age; Domicile; Education (Field of Study and Educational Institution Work experience (Position, Institution, and Period of Service); and The history of appointment (period and position) as a member of the Board of Directors in the Company since first appointed. 74-77 8 Informasi memuat antara lain: Jumlah karyawan untuk masing-masing level organisasi; Jumlah karyawan untuk masing-masing tingkat pendidikan; Jumlah karyawan berdasarkan status kepegawaian; Data pengembangan kompetensi karyawan yang telah dilakukan pada tahun buku yang terdiri dari pihak (level jabatan) yang mengikuti pelatihan, jenis pelatihan, dan tujuan pelatihan; dan Biaya pengembangan kompetensi karyawan yang telah dikeluarkan pada tahun buku. Information includes: Number of employees for each level of organization; Number of employees for each level of education; Number of employees by employment status; Data of employee competency development that has been done in the fiscal year consisting of position levels for those who participated in training, type of training, and training objectives; and Employee competency development costs incurred during the fiscal year. Kriteria Criteria No 5 488 Visi, Misi, dan Budaya Perusahaan Vision, Mission, and Corporate Culture Jumlah karyawan (komparatif 2 tahun) dan data pengembangan kompetensi karyawan yang mencerminkan adanya kesempatan untuk masingmasing level organisasi Number of employees (2 years comparative) and employee competency development data reflecting the opportunities at each level of organization PT BNI Life Insurance | Laporan Tahunan 2017 106-125
  489. No Kriteria Criteria Penjelasan Explanation Hal Mencakup antara lain : Rincian nama pemegang saham yang meliputi 20 pemegang saham terbesar dan persentase kepemilikannya; Rincian pemegang saham dan persentase kepemilikannya meliputi: Nama pemegang saham yang memiliki 5% atau lebih saham; dan Kelompok pemegang saham masyarakat dengan kepemilikan saham masing-masing kurang dari 5%. Nama Direktur dan Komisaris serta persentase kepemilikan sahamnya secara langsung dan tidak langsung. 9 Komposisi Pemegang saham Shareholder Composition Catatan: apabila Direktur dan Komisaris tidak memiliki saham langsung dan tidak langsung, agar diungkapkan. 84-87 Includes: Details of the shareholder’s name including the 20 largest shareholders and the percentage of ownership; Shareholder details and percentage of ownership include: Name of shareholder owning 5% or more shares; and Groups of public shareholders with share ownership of less than 5% each. Name of Directors and Commissioners as well as the percentage of ownership of shares directly and indirectly. Note: if the Director and Commissioner have no direct and indirect shares to disclose. 10 Daftar entitas anak dan/atau entitas asosiasi List of subsidiaries and / or associates 11 Struktur grup perusahaan Company group structure 12 Kronologi penerbitan saham (termasuk private placement) dan/atau pencatatan saham dari awal penerbitan sampai dengan akhir tahun buku Chronology of shares issuance (including private placement) and / or stock listing from initial offering up to the end of the fiscal year Dalam bentuk tabel memuat informasi antara lain: Nama entitas anak dan/atau asosiasi; Persentase kepemilikan saham; Keterangan tentang bidang usaha entitas anak dan/atau entitas asosiasi; dan Keterangan status operasi entitas anak dan/atau entitas asosiasi (telah beroperasi atau belum beroperasi). In the form of the table containing information, including: Name of subsidiary and / or associate; Percentage of share ownership; Description of the business of the subsidiary and / or associate; and Description of the operating status of the subsidiary and / or associate entity (already in operation or not yet operating). 87 Struktur grup perusahaan dalam bentuk bagan yang menggambarkan entitas anak, entitas asosiasi, joint venture, dan special purpose vehicle (SPV). The group structure of the company in the form of a chart showing subsidiaries, associates, joint ventures, and special purpose vehicles (SPV). 87-89 Mencakup antara lain: Tahun penerbitan saham, jumlah saham, nilai nominal saham, dan harga penawaran saham untuk masing-masing tindakan korporasi (corporate action); Jumlah saham tercatat setelah masing-masing tindakan korporasi (corporate action); dan Nama bursa dimana saham perusahaan dicatatkan. Catatan: apabila perusahaan tidak memiliki kronologi pencatatan saham, agar diungkapkan. Includes: Year of issuance, number of shares, par value of shares, and stock quotation price for each corporate action; Number of shares registered after each corporate action; and The name of the stock where the company’s shares are listed. 87 Note: if the company does not have a share listing chronology, it should be disclosed. Mencakup antara lain: Nama efek lainnya, tahun penerbitan efek lainnya, tingkat bunga/imbalan efek lainnya, dan tanggal jatuh tempo efek lainnya; Nilai penawaran efek lainnya; Nama bursa dimana efek lainnya dicatatkan; dan Peringkat efek. 13 Kronologi penerbitan dan/atau pencatatan efek lainnya dari awal penerbitan sampai dengan akhir Catatan: apabila perusahaan tidak memiliki kronologi penerbitan dan pencatatan efek lainnya, agar tahun buku diungkapkan. The chronology of the issuance and / or listing of other securities from the initial publication until the Includes: end of the fiscal year Other securities name, other issuance year, other securities interest rate / reward, and maturity date of the securities; The value of other securities offerings; Name of exchange where other securities are listed; and Securities Ranking. 87 Note: if the company does not have a chronology for other securities listing, to be disclosed. Annual Report 2017 | PT BNI Life Insurance 489
  490. 14 15 Penjelasan Explanation Kriteria Criteria No Nama dan alamat lembaga dan /atau profesi penunjang Name and address of supporting institutions and / or professions Penghargaan yang diterima dalam tahun buku terakhir dan/atau sertifikasi yang masih berlaku dalam tahun buku terakhir baik yang berskala nasional maupun internasional Awards received in the last fiscal year and / or certification that is still valid in the last fiscal year both nationally and internationally Hal Informasi memuat antara lain: Nama dan alamat BAE/pihak yang mengadministrasikan saham perusahaan; Nama dan alamat Kantor Akuntan Publik; dan Nama dan alamat perusahaan pemeringkat efek. 90 Information includes: Name and address of BAE / party administering shares of the company; Name and address of Public Accounting Firm; and Name and address of the rating agency. Informasi memuat antara lain: Nama penghargaan dan/atau sertifikat; Tahun perolehan; Badan pemberi penghargaan dan/atau sertifikat; dan Masa berlaku (untuk sertifikasi). Information includes: Name of award and / or certificate; Year of acquisition; Awarding bodies and / or certificates; and Validity period (for certification). 6-9 Memuat informasi antara lain: Nama dan alamat entitas anak; dan Nama dan alamat kantor cabang/perwakilan. 16 Nama dan alamat entitas anak dan/atau kantor cabang atau kantor perwakilan (jika ada) Names and addresses of subsidiaries and / or branch offices or representative offices (if any) Catatan: apabila perusahaan tidak memiliki entitas anak/cabang/perwakilan, agar diungkapkan. 96-103 Information includes: Name and address the subsidiaries; and Name and address of branch offices / representatives. Note: if the company does not have subsidiaries / branches / representatives, to be disclosed. 17 Informasi pada Situs Website Perusahaan Information on the Company Website Meliputi paling kurang: Informasi pemegang saham sampai dengan pemilik akhir individu; Isi Kode Etik; Informasi Rapat Umum Pemegang Saham (RUPS) paling kurang meliputi bahan mata acara yang dibahas dalam RUPS, ringkasan risalah RUPS, dan informasi tanggal penting yaitu tanggal pengumuman RUPS, tanggal pemanggilan RUPS, tanggal RUPS, tanggal ringkasan risalah RUPS diumumkan; Laporan keuangan tahunan terpisah (5 tahun terakhir); Profil Dewan Komisaris dan Direksi; dan Piagam/Charter Dewan Komisaris, Direksi, Komite-komite, dan Unit Audit Internal. 90 Information includes: Shareholder information up to the individual end owner; Code of Ethics Content; General Meeting of Shareholders (GMS) at least includes the agenda items discussed in the GMS, summaries of minutes of the GMS, and important information, namely the date of the GMS announcement, the date of the GMS call, the GMS, the date of the minutes of the GMS; Separate annual financial statements (last 5 years); Profile of Board of Commissioners and Board of Directors; and Board of Commissioners, Directors, Committees, and Internal Audit Unit Charter. 18 Pendidikan dan/atau pelatihan Dewan Komisaris, Direksi, Komite- komite, Sekretaris Perusahaan, dan Unit Audit Internal Education and / or training for the Board of Commissioners, Directors, Committees, Corporate Secretary, and Internal Audit Unit Meliputi paling kurang informasi (jenis dan pihak yang relevan dalam mengikuti): Pendidikan dan/atau pelatihan untuk Dewan Komisaris; Pendidikan dan/atau pelatihan untuk Direksi; Pendidikan dan/atau pelatihan untuk Komite Audit; Pendidikan dan/atau pelatihan untuk Komite Nominasi dan Remunerasi; Pendidikan dan/atau pelatihan untuk Komite Lainnya; Pendidikan dan/atau pelatihan untuk Sekretaris Perusahaan; dan Pendidikan dan/atau pelatihan untuk Unit Audit Internal. yang diikuti pada tahun buku. Catatan: apabila tidak terdapat pendidikan dan/atau pelatihan pada tahun buku, agar diungkapkan Includes at least (types and relevant parties): Education and / or training for the Board of Commissioners; Education and / or training for Directors; Education and / or training for the Audit Committee; Education and / or training for the Nomination and Remuneration Committee; Education and / or training for Other Committees; Education and / or training for Corporate Secretary; and Education and / or training for the Internal Audit Unit. which is followed in the book year. Note: if there is no education and / or training in the fiscal year, to be disclosed 490 PT BNI Life Insurance | Laporan Tahunan 2017 91-95
  491. No V . 1 2 Penjelasan Explanation Kriteria Criteria Hal Analisa dan Pembahasan Manajemen atas Kinerja Perusahaan Management Discussion And Analysis On Company Performance Tinjauan operasi per segmen usaha Overview of operations per business segment Uraian atas kinerja keuangan perusahaan Description of the company's financial performance Memuat uraian mengenai: Penjelasan masing-masing segmen usaha. Kinerja per segmen usaha, antara lain: Produksi; Peningkatan/penurunan kapasitas produksi; Penjualan/pendapatan usaha; dan Profitabilitas. 138-150 Information includes: Explanation of each business segment. Per business segment performance, including: Production; Increased / decreased production capacity; Sales / operating revenues; and Profitability. Analisis kinerja keuangan yang mencakup perbandingan antara kinerja keuangan tahun yang bersangkutan dengan tahun sebelumnya dan penyebab kenaikan/penurunan (dalam bentuk narasi dan tabel), antara lain mengenai: Aset lancar, aset tidak lancar, dan total aset; Liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas; Ekuitas; Penjualan/pendapatan usaha, beban dan laba (rugi), penghasilan komprehensif lain, dan total laba (rugi) dan penghasilan komprehensif lain; dan Arus kas. 156-163 Financial performance analysis which includes comparison between financial performance for the year concerned with previous year and reason for increase / decrease (in the form of narration and table), among others concerning: Current assets, non-current assets, and total assets; Short-term liabilities, long-term liabilities, and total liabilities; Equity; Sales / operating revenue, expenses and profits (loss), other comprehensive income, and total profit (loss) and other comprehensive income; and Cash flow. 3 4 Bahasan dan analisis tentang kemampuan membayar utang dan tingkat kolektibilitas piutang perusahaan, dengan menyajikan perhitungan rasio yang relevan sesuai dengan jenis industri perusahaan Discussion and analysis of debt ability and collectibility level of the company, by presenting the calculation of relevant ratios according to the type of industrial company Bahasan tentang struktur modal (capital structure) dan kebijakan manajemen atas struktur modal (capital structure policy) Discussion about capital structure and management policy on capital structure policy Penjelasan tentang : Kemampuan membayar hutang, baik jangka pendek maupun jangka panjang; dan Tingkat kolektibilitas piutang. 163-164 Explanation of : The ability to pay the debt, both short-term and long-term; and Collectibility of receivables. Penjelasan atas: Rincian struktur modal (capital structure) yang terdiri dari utang berbasis bunga/sukuk dan ekuitas; dan Kebijakan manajemen atas struktur modal (capital structure policies); dan Dasar pemilihan kebijakan manajemen atas struktur modal. 164 Explanation of: Details of capital structure consisting of interest-based / sukuk and equity debts; and Management policy on capital structure policies; and Basic selection of management policies on capital structure. Annual Report 2017 | PT BNI Life Insurance 491
  492. Kriteria Criteria No Penjelasan Explanation Hal Penjelasan tentang : Nama pihak yang melakukan ikatan; Tujuan dari ikatan tersebut; Sumber dana yang diharapkan untuk memenuhi ikatan-ikatan tersebut; Mata uang yang menjadi denominasi; dan Langkah-langkah yang direncanakan perusahaan untuk melindungi risiko dari posisi mata uang asing yang terkait. 5 Bahasan mengenai ikatan yang material untuk investasi barang modal (bukan ikatan pendanaan) pada tahun buku terakhir Discussion of material ties to capital investment (not funding ties) in the last fiscal year Catatan: apabila perusahaan tidak mempunyai ikatan terkait investasi barang modal pada tahun buku terakhir agar diungkapkan. 164 Explanation of: Name of the party making the bond; The purpose of the bond; Sources of funds expected to fulfill such commitments; Denominated currency; and Measures planned by the company to protect the risk of foreign currency positions. Note: if the company does not have capital investment related bonds in the last fiscal year to disclose. Penjelasan tentang: Jenis investasi barang modal; Tujuan investasi barang modal; dan Nilai investasi barang modal yang dikeluarkan pada tahun buku terakhir. 6 Bahasan mengenai investasi barang modal yang direalisasikan pada tahun buku terakhir Discussion on capital goods investment realized in the last fiscal year Catatan: apabila tidak terdapat realisasi investasi barang modal, agar diungkapkan. Explanation of: Type of investment of capital goods; The purpose of investment of capital goods; and The investment value of capital goods issued in the last fiscal year. 164 Note: if there is no realization of investment in capital goods, to disclose. 7 Informasi perbandingan antara target pada awal tahun buku dengan hasil yang dicapai (realisasi), dan target atau proyeksi yang ingin dicapai untuk 1 (satu) tahun mendatang mengenai pendapatan, laba, dan lainnya yang dianggap penting bagi perusahaan Comparative information between the targets at the beginning of the fiscal year and the results achieved (realization), and the target or projection to be achieved for the coming 1 (one) year for revenue, profits, and others deemed important to the enterprise Informasi memuat antara lain: Perbandingan antara target pada awal tahun buku dengan hasil yang dicapai (realisasi); dan Target atau proyeksi yang ingin dicapai dalam 1 (satu) tahun mendatang. Information includes: Comparison between targets at the beginning of the fiscal year and the results achieved (realization); and Target or projection to be achieved 1 (one) year ahead. 165 Uraian kejadian penting setelah tanggal laporan akuntan termasuk dampaknya terhadap kinerja dan risiko usaha di masa mendatang. 8 Informasi dan fakta material yang terjadi setelah tanggal laporan akuntan Material information and facts occurring after the date of the accountant's report Catatan: apabila tidak ada kejadian penting setelah tanggal laporan akuntan, agar diungkapkan. 166 Description of important events after the date of the accountant’s report including impact on future performance and business risks. Note: if there are no important events after the date of the accountant’s report, to be disclosed. 9 492 Uraian tentang prospek usaha perusahaan A description of the business prospects of the company PT BNI Life Insurance | Laporan Tahunan 2017 Uraian mengenai prospek perusahaan dikaitkan dengan industri dan ekonomi secara umum disertai data pendukung kuantitatif dari sumber data yang layak dipercaya. 166-169 Description of the company prospects attributed to industry and the economy in general along with quantitative support data from reliable data sources.
  493. No 10 Kriteria Criteria Uraian tentang aspek pemasaran A description of the marketing aspects Penjelasan Explanation Hal Uraian tentang aspek pemasaran atas produk dan /atau jasa perusahaan, antara lain strategi pemasaran dan pangsa pasar. 150-155 Description of the marketing aspects of a company’s products and / or services, among others, marketing strategy and market share. Memuat uraian mengenai: Kebijakan pembagian dividen; Total dividen yang dibagikan; Jumlah dividen kas per saham; Payout ratio; dan Tanggal pengumuman dan pembayaran dividen kas. untuk masing-masing tahun. 11 Uraian mengenai kebijakan dividen dan jumlah dividen kas per saham dan jumlah dividen per tahun yang diumumkan atau dibayar selama 2 (dua) Catatan: apabila tidak ada pembagian dividen, agar diungkapkan alasannya. tahun buku terakhir Description on dividend policy and amount of cash dividend per share and the amount of dividend per Description of: Dividend distribution policy; annum announced or paid during the last 2 (two) Total dividends distributed; Amount of cash dividend per share; Payout ratio; and Date of announcement and payment of cash dividend. for each year. 169 Note: if there is no dividend distribution, please disclose the reason. Memuat uraian mengenai: Jumlah saham ESOP/MSOP dan realisasinya; Jangka waktu; Persyaratan karyawan dan/atau manajemen yang berhak; dan Harga exercise. 12 Program kepemilikan saham oleh karyawan dan/ atau manajemen yang dilaksanakan perusahaan (ESOP/MSOP) yang masih ada sampai tahun buku Catatan: apabila tidak memiliki program dimaksud, agar diungkapkan. Company's existing employee and / or management shareholding (ESOP / MSOP) program for the fiscal Description of: year Number of shares of ESOP / MSOP and realization; Time period; Eligible employee and / or management requirements; and Exercise price. 169 Note: if it does not have the intended program, to be disclosed. Memuat uraian mengenai: Total perolehan dana; Rencana penggunaan dana; Rincian penggunaan dana; Saldo dana; dan Tanggal persetujuan RUPS/RUPO atas perubahan penggunaan dana (jika ada). 13 Realisasi penggunaan dana hasil penawaran umum (dalam hal perusahaan masih diwajibkan Catatan: apabila tidak memiliki informasi realisasi penggunaan dana hasil penawaran umum, agar menyampaikan laporan realisasi penggunaan dana) diungkapkan. Use of proceeds from the public offering (in case the company is still required to submit a report on Description of: the realization of the use of funds) Total acquisition of funds; Plan for the use of funds; Details of the use of funds; Fund balance; and Date of AGM / RUPO approval on changes in use of funds (if any). 169 Note: if no realization information on the use of proceeds from the public offering, to be disclosed. Annual Report 2017 | PT BNI Life Insurance 493
  494. Kriteria Criteria No Penjelasan Explanation Hal Memuat uraian mengenai : Nama pihak yang bertransaksi dan sifat hubungan afiliasi; Penjelasan mengenai kewajaran transaksi; Alasan dilakukannya transaksi; Realisasi transaksi pada periode tahun buku terakhir; Kebijakan perusahaan terkait dengan mekanisme review atas transaksi; dan Pemenuhan peraturan dan ketentuan terkait. 14 Informasi transaksi material yang mengandung benturan kepentingan dan/atau transaksi dengan Catatan: apabila tidak mempunyai transaksi dimaksud, agar diungkapkan. pihak afiliasi Material transaction information containing conflict Description of: of interest and / or transaction with affiliates The name of the transacting party and the nature of the affiliate relationship; Explanation of the fairness of transactions; The reason for the transaction; Actual transactions during the last fiscal year; Company policy related to review mechanism of transaction; and Compliance with relevant rules and regulations. 169-171 Note: if no such transaction, to be disclosed. Uraian memuat antara lain: Nama peraturan perundang-undangan yang mengalami perubahan; dan Dampaknya (kuantitatif dan/atau kualitatif) terhadap perusahaan (jika signifikan) atau pernyataan bahwa dampaknya tidak signifikan. 15 Uraian mengenai perubahan peraturan perundangundangan terhadap perusahaan pada tahun buku terakhir A description of legislation changes in the last fiscal year Catatan: apabila tidak terdapat perubahan peraturan perundang-undangan yang berpengaruh signifikan, agar diungkapkan. 171-176 Description of: The name of the changed legislation; and The impact (quantitative and / or qualitative) on the firm (if significant) or the statement that the impact is insignificant. Note: if there is no change in legislation that has any significant effect, to be disclosed. Uraian memuat antara lain: Perubahan kebijakan akuntansi; Alasan perubahan kebijakan akuntansi; dan Dampaknya secara kuantitatif terhadap laporan keuangan. 16 Uraian mengenai perubahan kebijakan akuntansi yang diterapkan perusahaan pada tahun buku terakhir A description of the accounting policy changes adopted by the company in the last fiscal year Catatan: apabila tidak terdapat perubahan kebijakan akuntansi pada tahun buku terakhir, agar diungkapkan. 177 Description of: Changes in accounting policies; Reasons for changes in accounting policies; and The quantitative impact on the financial statements. Note: if there is no change in accounting policy in the last fiscal year, to disclose. Pengungkapan informasi mengenai: Hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha perusahaan pada tahun buku terakhir; Assessment manajemen atas hal-hal pada angka 1; dan Asumsi yang digunakan manajemen dalam melakukan assessment. 17 Informasi kelangsungan usaha Information on business continuity Catatan: apabila tidak terdapat hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha perusahaan pada tahun buku terakhir, agar diungkapkan asumsi yang mendasari manajemen dalam meyakini bahwa tidak terdapat hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha perusahaan pada tahun buku terakhir. Pengungkapan informasi mengenai: Hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha perusahaan pada tahun buku terakhir; Assessment manajemen atas hal-hal pada angka 1; dan Asumsi yang digunakan manajemen dalam melakukan assessment. Catatan: apabila tidak terdapat hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha perusahaan pada tahun buku terakhir, agar diungkapkan asumsi yang mendasari manajemen dalam meyakini bahwa tidak terdapat hal-hal yang berpotensi berpengaruh signifikan terhadap kelangsungan usaha perusahaan pada tahun buku terakhir. VI. 494 Good Corporate Governance Good Corporate Governance PT BNI Life Insurance | Laporan Tahunan 2017 177-178
  495. No 1 . Kriteria Criteria Uraian Dewan Komisaris Description of the Board of Commissioners Penjelasan Explanation Hal Uraian memuat antara lain: Uraian tanggung jawab Dewan Komisaris; Penilaian atas kinerja masing-masing komite yang berada di bawah Dewan Komisaris dan dasar penilaiannya; dan Pengungkapan mengenai Board Charter (pedoman dan tata tertib kerja Dewan Komisaris). 199-208 Description of: Description of the responsibilities of the Board of Commissioners; Assessment of the performance of each committee under the Board of Commissioners and the basis of its assessment; and Disclosure of Board Charter (Code of Conduct and Board of Commissioners). 2. 3. Komisaris Independen (jumlahnya minimal 30% dari total Dewan Komisaris) Independent Commissioners (at least 30% of the total Board of Commissioners) Uraian Direksi Description of the Board of Directors Meliputi antara lain: Kriteria penentuan Komisaris Independen; dan Pernyataan tentang independensi masing-masing Komisaris Independen. 209-210 Includes: Criteria for determining Independent Commissioners; and Statement on the independence of each Independent Commissioner. Uraian memuat antara lain: Ruang lingkup pekerjaan dan tanggung jawab masing-masing anggota Direksi; Penilaian atas kinerja komite-komite yang berada di bawah Direksi (jika ada); dan Pengungkapan mengenai Board Charter (pedoman dan tata tertib kerja Direksi). 210-223 Description of: The scope of work and responsibilities of each member of the Board of Directors; Assessment of the performance of committees under the Board of Directors (if any); and Disclosure of Board Charter (guidelines and work discipline of the Board of Directors). 4. Penilaian Penerapan GCG untuk tahun buku 2016 yang meliputi paling kurang aspek Dewan Komisaris dan Direksi Assessment of GCG Implementation for the fiscal year 2016 covering at least the aspect of the Board of Commissioners and the Board of Directors Mencakup antara lain: Kriteria yang digunakan dalam penilaian; Pihak yang melakukan penilaian; Skor penilaian masing-masing kriteria; Rekomendasi hasil penilaian; dan Alasan belum/tidak diterapkannya rekomendasi. Catatan: apabila tidak ada penilaian penerapan GCG untuk tahun buku 2016, agar diungkapkan. 186 Includes: Criteria used in the assessment; The party conducting the assessment; Scoring scores for each criterion; Recommendation of assessment results; and Reason for not yet / not implementing recommendation. Note: if there is no GCG implementation assessment for the fiscal year 2016, to be disclosed. Mencakup antara lain: Pengungkapan prosedur pengusulan sampai dengan penetapan remunerasi Dewan Komisaris; Pengungkapan prosedur pengusulan sampai dengan penetapan remunerasi Direksi; Struktur remunerasi yang menunjukkan komponen remunerasi dan jumlah nominal per komponen untuk setiap anggota Dewan Komisaris; Struktur remunerasi yang menunjukkan komponen remunerasi dan jumlah nominal per komponen untuk setiap anggota Direksi; Pengungkapan indikator untuk penetapan remunerasi Direksi; dan Pengungkapan bonus kinerja, bonus non kinerja, dan/atau opsi saham yang diterima setiap anggota Dewan Komisaris dan Direksi (jika ada). 5. Uraian mengenai kebijakan remunerasi bagi Dewan Catatan: apabila tidak terdapat bonus kinerja, bonus non kinerja, dan opsi saham yang diterima Komisaris dan Direksi setiap anggota Dewan Komisaris dan Direksi, agar diungkapkan. Description of remuneration policy for Board of Commissioners and Board of Directors Includes: Disclosure of procedure up to the determination of remuneration of the Board of Commissioners; Disclosure of procedure up to the determination of the remuneration of the Board of Directors; Remuneration structure showing remuneration component and nominal amount per component for each member of the Board of Commissioners; Remuneration structure showing remuneration component and nominal amount per component for each member of the Board of Directors; Disclosure of indicators for the Board of Directors’ remuneration; and Disclosure of performance bonuses, non performance bonuses, and / or stock options received by each member of the Board of Commissioners and Board of Directors (if any). 228-230 Note: where there are no performance bonuses, non performance bonuses, and stock options received by each member of the Board of Commissioners and Board of Directors, to be disclosed. Annual Report 2017 | PT BNI Life Insurance 495
  496. 6 . Penjelasan Explanation Kriteria Criteria No Frekuensi dan Tingkat Kehadiran Rapat yang dihadiri mayoritas anggota pada rapat Dewan Komisaris (minimal 1 kali dalam 2 bulan), Rapat Direksi (minimal 1 kali dalam 1 bulan), dan Rapat Gabungan Dewan Komisaris dengan Direksi (minimal 1 kali dalam 4 bulan) Frequency and Attendance by members at Board of Commissioners meetings (at least 1 times in 2 months), Board of Directors Meetings (at least 1 time in 1 month), and Joint Meeting of Board of Commissioners with Board of Directors (minimum 1 time in 4 months) Hal Informasi memuat antara lain: Tanggal Rapat; Peserta Rapat; dan Agenda Rapat. untuk masing-masing rapat Dewan Komisaris, Direksi, dan rapat gabungan. Information includes: Date of Meeting; Meeting participants; and Meeting agenda. 204-206 206-207 215-221 for each meeting of the Board of Commissioners, Board of Directors, and joint meetings. Dalam bentuk skema atau diagram yang memisahkan pemegang saham utama dengan pemegang saham pengendali. 7. Informasi mengenai pemegang saham utama dan pengendali, baik langsung maupun tidak langsung, sampai kepada pemilik individu Information on the major and controlling shareholders, either directly or indirectly, to individual owners Catatan: yang dimaksud pemegang saham utama adalah pihak yang, baik secara langsung maupun tidak langsung, memiliki sekurang-kurangnya 20% (dua puluh perseratus) hak suara dari seluruh saham yang mempunyai hak suara yang dikeluarkan oleh suatu Perseroan, tetapi bukan pemegang saham pengendali. 188 In the form of schematics or diagrams that separate major shareholders with controlling shareholders. Note: the major shareholder is a party, directly or indirectly, with at least 20% (twenty percent) of the voting rights of all voting shares issued by a Company, but not the controlling shareholder. Mencakup antara lain: Hubungan afiliasi antara anggota Direksi dengan anggota Direksi lainnya; Hubungan afiliasi antara anggota Direksi dan anggota Dewan Komisaris; Hubungan afiliasi antara anggota Direksi dengan Pemegang Saham Utama dan/atau pengendali; Hubungan afiliasi antara anggota Dewan Komisaris dengan anggota Komisaris lainnya; dan Hubungan afiliasi antara anggota Dewan Komisaris dengan Pemegang Saham Utama dan/atau pengendali. 8. Pengungkapan hubungan afiliasi antara anggota Direksi, Dewan Komisaris, dan Pemegang Saham Utama dan/atau pengendali Disclosure of affiliate relationships between members of the Board of Directors, the Board of Commissioners, and the Principal and / or controlling Shareholders Catatan: apabila tidak mempunyai hubungan afiliasi dimaksud, agar diungkapkan. Includes: Affiliation relationships between members of the Board of Directors and other members of the Board of Directors; Affiliation relationships between members of the Board of Directors and members of the Board of Commissioners; Affiliation relationships between members of the Board of Directors and the Majority and / or Controlling Shareholders; Affiliated relationships between members of the Board of Commissioners and other members of the Board of Commissioners; and Affiliated relationships between members of the Board of Commissioners and the Majority and / or Controlling Shareholders. Note: if it has no such affiliate relationship, it should be disclosed. 496 PT BNI Life Insurance | Laporan Tahunan 2017 230-231
  497. Kriteria Criteria No 9 . Komite Audit Audit Committee Penjelasan Explanation Hal Mencakup antara lain: Nama dan jabatan periode jabatan anggota komite audit; Riwayat pendidikan (Bidang Studi dan Lembaga Pendidikan) dan pengalaman kerja (Jabatan, Instansi, dan Periode Menjabat) anggota komite audit; Independensi anggota komite audit; Uraian tugas dan tanggung jawab; Uraian pelaksanaan kegiatan komite audit pada tahun buku; dan Frekuensi pertemuan dan tingkat kehadiran komite audit. 237-241 Includes: Name and position of audit committee members; Education history (Study Field and Educational Institution) and work experience (Position, Institution, and Period of Work) of audit committee members; Independence of audit committee members; Description of duties and responsibilities; Description of the audit committee activities in the fiscal year; and The frequency of meetings and attendance of the audit committee. 10. 11. 12. Komite/Fungsi Nominasi dan/atau Remunerasi Nomination and / or Remuneration Committee Functions Komite-komite lain di bawah Dewan Komisaris yang dimiliki oleh perusahaan Other Committees under the Board of Commissioners Uraian tugas dan Fungsi Sekretaris Perusahaan Job Description and Function of Corporate Secretary Mencakup antara lain: Nama, jabatan, dan riwayat hidup singkat anggota komite/fungsi nominasi dan/atau remunerasi; Independensi komite/fungsi nominasi dan/atau remunerasi; Uraian tugas dan tanggung jawab; Uraian pelaksanaan kegiatan komite/fungsi nominasi dan/atau remunerasi; Frekuensi pertemuan dan tingkat kehadiran komite/fungsi nominasi dan/atau remunerasi; Pernyataan adanya pedoman komite/fungsi nominasi dan/atau remunerasi; dan Kebijakan mengenai suksesi Direksi. 241-245 Includes: Name, position, and brief biography of nomination and / or remuneration committee members; Independence of nomination and / or remuneration committee members; Description of duties and responsibilities; Description of the nomination and / or remuneration committee activities; The frequency of meetings and the attendance of the nomination and / or remuneration committee; Statement of the nomination and / or remuneration committee members guidelines; and Policy on the succession of the Board of Directors. Mencakup antara lain: Nama, jabatan, dan riwayat hidup singkat anggota komite lain; Independensi komite lain; Uraian tugas dan tanggung jawab; Uraian pelaksanaan kegiatan komite lain; dan Frekuensi pertemuan dan tingkat kehadiran komite lain. 245-250 Includes: Name, position, and brief biography of committee members; Independence of committees; Description of duties and responsibilities; Description of the implementation of the activities of committees; and The frequency of meetings and the attendance levels of committees. Mencakup antara lain: Nama, dan riwayat jabatan singkat sekretaris perusahaan; Domisili; Uraian tugas dan tanggung jawab; dan Uraian pelaksanaan tugas sekretaris perusahaan pada tahun buku. Includes: Name, and history of the corporate secretary; Domicile; Description of duties and responsibilities; and Description on execution of the tasks of corporate secretary in the fiscal year. 269-273 Annual Report 2017 | PT BNI Life Insurance 497
  498. Kriteria Criteria No 13 . Uraian mengenai unit audit internal Description of the internal audit unit Penjelasan Explanation Hal Mencakup antara lain: Nama ketua unit audit internal; Jumlah pegawai (auditor internal) pada unit audit internal; Sertifikasi sebagai profesi audit internal; Kedudukan unit audit internal dalam struktur perusahaan; Uraian pelaksanaan kegiatan unit audit internal pada tahun buku; dan Pihak yang mengangkat dan memberhentikan ketua unit audit internal. Includes: Name of the head of the internal audit unit; Number of employees (internal auditors) in the internal audit unit; Certification in an internal audit profession; The position of the internal audit unit within the company structure; Description of the internal audit unit activities in the fiscal year; and Parties who appoint and dismiss the chair of the internal audit unit. 274-282 Informasi memuat antara lain: Nama dan tahun akuntan publik yang melakukan audit laporan keuangan tahunan selama 5 tahun terakhir; Nama dan tahun Kantor Akuntan Publik yang melakukan audit laporan keuangan tahunan selama 5 tahun terakhir; Besarnya fee untuk masing-masing jenis jasa yang diberikan oleh akuntan publik pada tahun buku terakhir; dan Jasa lain yang diberikan akuntan selain jasa audit laporan keuangan tahunan pada tahun buku terakhir. 14. Akuntan Publik Public Accountant Catatan: apabila tidak ada jasa lain dimaksud, agar diungkapkan. 282-283 Information includes: Name and year the public accountant who audited the annual financial statements for the last 5 years; Name and year of the Public Accounting Firm who audited the annual financial statements for the last 5 years; The amount of fee for each type of services provided by the public accountant in the last fiscal year; and Other services provided by the accountant in addition to the annual financial statement audit services in the last fiscal year. Note: if no other services are provided, to be disclosed. 15. Uraian mengenai manajemen risiko perusahaan Description of the company's risk management Mencakup antara lain: Penjelasan mengenai sistem manajemen risiko yang diterapkan perusahaan; Penjelasan mengenai evaluasi yang dilakukan atas efektivitas sistem manajemen risiko; Penjelasan mengenai risiko-risiko yang dihadapi perusahaan; dan Upaya untuk mengelola risiko tersebut. 284-296 Includes: A description of the company’s risk management system; A description of the evaluation of the effectiveness of the risk management system; A description of the risks facing the company; and Efforts to manage those risks. 16. Uraian mengenai sistem pengendalian intern Description of the internal control system Mencakup antara lain: Penjelasan singkat mengenai sistem pengendalian intern, antara lain mencakup pengendalian keuangan dan operasional; Penjelasan kesesuaian sistem pengendalian intern dengan kerangka yang diakui secara internasional (COSO – internal control framework); dan Penjelasan mengenai hasil reviu yang dilakukan atas pelaksanaan sistem pengendalian intern pada tahun buku. 311 Includes: Brief explanation of the internal control system, including financial and operational controls, among others; Explanation of conformity of internal control system with internationally recognized framework (COSO - internal control framework); and An explanation of the results of reviews conducted on the implementation of the internal control system in the financial year. 498 PT BNI Life Insurance | Laporan Tahunan 2017
  499. No 17 . 18. 19. 20. Kriteria Criteria Uraian mengenai corporate social responsibility yang terkait dengan lingkungan hidup Description of corporate social responsibility related to the environment Uraian mengenai corporate social responsibility yang terkait dengan ketenagakerjaan, kesehatan, dan keselamatan kerja A description of corporate social responsibility related to employment, health and safety Uraian mengenai corporate social responsibility yang terkait dengan pengembangan sosial dan kemasyarakatan A description of corporate social responsibility related to social and community development Uraian mengenai corporate social responsibility yang terkait dengan tanggung jawab kepada konsumen Description of corporate social responsibility related to responsibility to the consumer Penjelasan Explanation Hal Mencakup antara lain informasi tentang: Target/rencana kegiatan pada tahun 2016 yang ditetapkan manajemen; Kegiatan yang dilakukan dan dampak kuantitatif atas kegiatan tersebut; dan terkait program lingkungan hidup yang berhubungan dengan kegiatan operasional perusahaan, seperti penggunaan material dan energi yang ramah lingkungan dan dapat didaur ulang, sistem pengolahan limbah perusahaan, mekanisme pengaduan masalah lingkungan, pertimbangan aspek lingkungan dalam pemberian kredit kepada nasabah, dan lain-lain. Sertifikasi di bidang lingkungan yang dimiliki. Includes: Target / activity plan for 2016 set by management; Activities undertaken and quantitative impact on such activities; and related environmental programs related to the company’s operational activities, such as the use of environmentally friendly and recyclable materials and energy, corporate waste management systems, environmental complaints mechanisms, environmental considerations in lending to clients, and others. Certification in environment owned. Mencakup antara lain informasi tentang: Target/rencana kegiatan pada tahun 2016 yang ditetapkan manajemen; dan Kegiatan yang dilakukan dan dampak kuantitatif atas kegiatan tersebut terkait praktik ketenagakerjaan, kesehatan, dan keselamatan kerja, seperti kesetaraan gender dan kesempatan kerja, sarana dan keselamatan kerja, tingkat turnover karyawan, tingkat kecelakaan kerja, remunerasi, mekanisme pengaduan masalah ketenagakerjaan, dan lain-lain. 327-328 328-332 Includes: Target / activity plan in 2016 set by management; and Activities undertaken and quantitative impacts on such activities related to employment, health and safety practices, such as gender equality and employment, employment and safety, employee turnover rates, occupational accidents, remuneration, employment complaints mechanisms, etc. . Mencakup antara lain informasi tentang: Target/rencana kegiatan pada tahun 2016 yang ditetapkan manajemen; Kegiatan yang dilakukan dan dampak atas kegiatan tersebut; dan Biaya yang dikeluarkan terkait pengembangan sosial dan kemasyarakatan, seperti penggunaan tenaga kerja lokal, pemberdayaan masyarakat sekitar perusahaan, perbaikan sarana dan prasarana sosial, bentuk donasi lainnya, komunikasi mengenai kebijakan dan prosedur anti korupsi, pelatihan mengenai anti korupsi, dan lain-lain. 332-333 Includes: Target / activity plan in the year 2016 set by management; Activities undertaken and impacts on such activities; and Costs related to social and community development, such as the use of local labor, empowerment of communities around the company, improvement of social facilities and infrastructure, other forms of donations, communication on anti-corruption policies and procedures, training on anticorruption, and others. Mencakup antara lain: Target/rencana kegiatan yang pada tahun 2016 ditetapkan manajemen; dan Kegiatan yang dilakukan dan dampak atas kegiatan tersebut terkait tanggung jawab produk, seperti kesehatan dan keselamatan konsumen, informasi produk, sarana, jumlah dan penanggulangan atas pengaduan konsumen, dan lain-lain. 333-339 Includes: Target / activity plan in 2016 set by management; and Activities undertaken and the impact of such activities related to product responsibilities, such as consumer health and safety, product information, means, quantities and remedies for consumer complaints, and so on. Annual Report 2017 | PT BNI Life Insurance 499
  500. Kriteria Criteria No 21 . Perkara penting yang sedang dihadapi oleh perusahaan, entitas anak, serta anggota Dewan Komisaris dan anggota Direksi yang menjabat pada periode laporan tahunan Important matters currently faced by the company, subsidiaries, and members of the Board of Commissioners and members of the Board of Directors serving during the annual reporting period Penjelasan Explanation Hal Mencakup antara lain: Pokok perkara/gugatan; Status penyelesaian perkara/gugatan; Risiko yang dihadapi perusahaan dan nilai nominal tuntutan/gugatan; dan Sanksi administrasi yang dikenakan kepada perusahaan, anggota Dewan Komisaris dan Direksi, oleh otoritas terkait (pasar modal, perbankan dan lainnya) pada tahun buku terakhir (atau terdapat pernyataan bahwa tidak dikenakan sanksi administrasi). Catatan: dalam hal perusahaan, entitas anak, anggota Dewan Komisaris, dan anggota Direksi tidak memiliki perkara penting, agar diungkapkan. Includes: Principal cases / lawsuits; Court settlement / lawsuit status; Risks facing the company and the value of claims; and Administrative sanctions imposed on corporations, members of the Board of Commissioners and the Board of Directors, by the relevant authorities (capital market, banking and others) in the last fiscal year (or there is a statement that it is not subject to administrative sanctions). 311 Note: In the case that a company, subsidiary, member of the Board of Commissioners, and member of the Board of Directors is involved in no important cases, it is disclosed. 22. Akses informasi dan data perusahaan Access to company information and data Uraian mengenai tersedianya akses informasi dan data perusahaan kepada publik, misalnya melalui situs web (dalam bahasa Indonesia dan bahasa Inggris), media massa, mailing list, buletin, pertemuan dengan analis, dan sebagainya. Description of availability of access to information and corporate data for the public, for example through the website (in Indonesian and English), mass media, mailing lists, newsletters, meetings with analysts, and so forth. 312-318 Memuat uraian antara lain: Pokok-pokok kode etik; Pengungkapan bahwa kode etik berlaku bagi seluruh level organisasi; Penyebarluasan kode etik; Sanksi untuk masing-masing jenis pelanggaran yang diatur dalam kode etik (normatif); dan Jumlah pelanggaran kode etik beserta sanksi yang diberikan pada tahun buku terakhir. 23 Bahasan mengenai kode etik Discussion of codes of conduct Catatan: apabila tidak terdapat pelanggaran kode etik pada tahun buku terakhir, agar diungkapkan 319-321 Description of: Key points of ethics; Disclosure that the code of ethics applies to all levels of the organization; Dissemination of codes of ethics; Sanctions for each type of offense set out in the code of ethics (normative); and Number of code violations and sanctions given in the last fiscal year. Note: if there are no violations of the code of ethics in the last fiscal year, to be disclosed Memuat uraian tentang mekanisme whistleblowing system antara lain: Penyampaian laporan pelanggaran; Perlindungan bagi whistleblower; Penanganan pengaduan; Pihak yang mengelola pengaduan; dan Jumlah pengaduan yang masuk dan diproses pada tahun buku terakhir; dan Sanksi/tindak lanjut atas pengaduan yang telah selesai diproses pada tahun buku. 24. Pengungkapan mengenai whistleblowing system Disclosure of the whistleblowing system Catatan: apabila tidak terdapat pengaduan yang masuk pada tahun buku terakhir, agar diungkapkan Description of the whistleblowing system mechanism: Submission of violation reports; Protection for whistleblowers; The handling of complaints; The party managing the complaint; and Number of incoming and processed complaints in the last fiscal year; and Sanctions / follow-up on complaints that have been processed in the fiscal year. Note: if there are no incoming complaints in the last fiscal year, to be disclosed 500 PT BNI Life Insurance | Laporan Tahunan 2017 322-323
  501. Kriteria Criteria No Penjelasan Explanation Hal Uraian kebijakan Perusahaan mengenai keberagaman komposisi Dewan Komisaris dan Direksi dalam pendidikan (bidang studi), pengalaman kerja, usia, dan jenis kelamin. 25. Kebijakan mengenai keberagaman komposisi Dewan Komisaris dan Direksi Policy on the composition of the Board of Commissioners and the Board of Directors Catatan: apabila tidak ada kebijakan dimaksud, agar diungkapkan alasan dan pertimbangannya. 231-236 The Company’s policy description on the composition of the Board of Commissioners and the Board of Directors in education (field of study), work experience, age, and gender. Note: if there is no such policy, to disclose the reasons and considerations. VII. Informasi Keuangan Financial Information 1 Surat Pernyataan Direksi dan/atau Dewan Komisaris tentang Tanggung Jawab atas Laporan Keuangan Letter of the Board of Directors and / or Board of Commissioners on the Responsibility of the Financial Statement 2. Opini auditor independen atas laporan keuangan Opinion of independent auditors for financial statements 3. Deskripsi Auditor Independen di Opini Description of Independent Auditor for Opinion Kesesuaian dengan peraturan terkait tentang Tanggung Jawab atas Laporan Keuangan. 343 Compliance with relevant regulations on Liability to Financial Statements. 345-346 Deskripsi memuat tentang: Nama & tanda tangan; Tanggal Laporan Audit; dan Nomor ijin KAP dan nomor ijin Akuntan Publik. 346 Description of: Name & signature; Date of Audit Report; and KAP license number and license number of a Public Accountant. 4. Laporan keuangan yang lengkap Complete financial statements Memuat secara lengkap unsur-unsur laporan keuangan: Laporan posisi keuangan; Laporan laba rugi dan penghasilan komprehensif lain; Laporan perubahan ekuitas; Laporan arus kas; Catatan atas laporan keuangan; Informasi komparatif mengenai periode sebelumnya; dan Laporan posisi keuangan pada awal periode sebelumnya ketika entitas menerapkan suatu kebijakan akuntansi secara retrospektif atau membuat penyajian kembali pos-pos laporan keuangan, atau ketika entitas mereklasifikasi pos-pos dalam laporan keuangannya (jika relevan). 347-350 Complete financial statements: Statements of financial position; Income and other comprehensive income statement; Statement of Changes in Equity; Cash flow statement; Notes to the financial statements; Comparative information on previous periods; and The statement of financial position at the beginning of the previous period when the entity applies an accounting policy retrospectively or prepares a restatement of financial statement items, or when the entity reclassifies the items in its financial statements (if relevant). 5. Perbandingan tingkat profitabilitas Comparison of profitability levels Perbandingan kinerja/laba (rugi) tahun berjalan dengan tahun sebelumnya. 349-350 Comparison of performance / profit (loss) of the current year with the previous year. 6. Laporan Arus Kas Cash flow statement Memenuhi ketentuan sebagai berikut: Pengelompokan dalam tiga kategori aktivitas: operasi, investasi, dan pendanaan; Penggunaan metode langsung (direct method) untuk melaporkan arus kas dari aktivitas operasi; Pemisahan penyajian antara penerimaan kas dan atau pengeluaran kas selama tahun berjalan pada aktivitas operasi, investasi dan pendanaan; dan Pengungkapan transaksi non kas harus dicantumkan dalam catatan atas laporan keuangan. 352 Meet the following conditions: Grouping into three categories of activities: operations, investments, and financing; The use of direct method to report cash flows from operating activities; Separation of the presentations between cash receipts and / or cash disbursements during the year for operating, investing and financing activities; and Disclosure of non-cash transactions should be included in the notes to the financial statements. Annual Report 2017 | PT BNI Life Insurance 501
  502. Kriteria Criteria No 7 . Ikhtisar Kebijakan Akuntansi Summary of Accounting Policies Penjelasan Explanation Hal Meliputi sekurang-kurangnya: Pernyataan kepatuhan terhadap SAK; Dasar pengukuran dan penyusunan laporan keuangan; Pajak penghasilan; Imbalan kerja; dan Instrumen Keuangan. 355-385 Includes: Statement of compliance with SAK; Basis of measurement and preparation of financial statements; Income tax; Employee benefits; and Financial Instruments. 8. Pengungkapan transaksi pihak berelasi Disclosure of related party transactions Hal-hal yang diungkapkan antara lain: Nama pihak berelasi, serta sifat dan hubungan dengan pihak berelasi; Nilai transaksi beserta persentasenya terhadap total pendapatan dan beban terkait; dan Jumlah saldo beserta persentasenya terhadap total aset atau liabilitas terkait. 461-466 Matters expressed: The names of related parties, as well as the nature and relationship of related parties; The value of the transaction and its percentage of total revenues and related expenses; and Total balance and percentage of total related assets or liabilities. 9. 10. 502 Pengungkapan yang berhubungan dengan perpajakan Disclosures related to taxation Pengungkapan yang berhubungan dengan aset tetap Disclosures related to fixed assets PT BNI Life Insurance | Laporan Tahunan 2017 Hal-hal yang harus diungkapkan: Rekonsiliasi fiskal dan perhitungan beban pajak kini; Penjelasan hubungan antara beban (penghasilan) pajak dan laba akuntansi; Pernyataan bahwa Laba Kena Pajak (LKP) hasil rekonsiliasi dijadikan dasar dalam pengisian SPT Tahunan PPh Badan tahun 2016; Rincian aset dan liabilitas pajak tangguhan yang diakui pada laporan posisi keuangan untuk setiap periode penyajian, dan jumlah beban (penghasilan) pajak tangguhan yang diakui pada laporan laba rugi apabila jumlah tersebut tidak terlihat dari jumlah aset atau liabilitas pajak tangguhan yang diakui pada laporan posisi keuangan; dan Pengungkapan ada atau tidak ada sengketa pajak. 448-450 Matters be Disclosed: Fiscal reconciliation and current tax expense calculation; Explanation of the relationship between tax expense (income) and accounting profit; The statement that the taxable income (LKP) resulted from the reconciliation is used as the basis for filling the Annual Income Tax Return of the Company in 2016; The details of the deferred tax assets and liabilities recognized in the statement of financial position for each presentation period and the total deferred tax expense (income) recognized in the statement of income if the amount is not reflected in the total deferred tax assets or liabilities recognized in the statement of financial position; and Disclosure of no or no tax disputes. Hal-hal yang harus diungkapkan: Metode penyusutan yang digunakan; Uraian mengenai kebijakan akuntansi yang dipilih antara model revaluasi dan model biaya; Metode dan asumsi signifikan yang digunakan dalam mengestimasi nilai wajar aset tetap (untuk model revaluasi) atau pengungkapan nilai wajar aset tetap (untuk model biaya); dan Rekonsiliasi jumlah tercatat bruto dan akumulasi penyusutan aset tetap pada awal dan akhir periode dengan menunjukkan: penambahan, pengurangan dan reklasifikasi. Matters to be Disclosed: Method of depreciation used; A description of the selected accounting policies between the revaluation model and the cost model; Significant methods and assumptions used in estimating the fair value of property, plant and equipment (for revaluation model) or disclosure of fair value of property, plant and equipment (for cost model); and Reconciliation of gross carrying amount and accumulated depreciation of property and equipment at the beginning and end of the period by showing: addition, subtraction and reclassification. 436-438
  503. No 11 . Kriteria Criteria Pengungkapan yang berhubungan dengan segmen operasi* Disclosures related to operating segments * Penjelasan Explanation Hal Hal-hal yang harus diungkapkan: Informasi umum yang meliputi faktor-faktor yang digunakan untuk mengidentifikasi segmen yang dilaporkan; Informasi tentang laba rugi, aset, dan liabilitas segmen yang dilaporkan; Rekonsiliasi dari total pendapatan segmen, laba rugi segmen yang dilaporkan, aset segmen, liabilitas segmen, dan unsur material segmen lainnya terhadap jumlah terkait dalam entitas; dan Pengungkapan pada level entitas, yang meliputi informasi tentang produk dan/atau jasa, wilayah geografis dan pelanggan utama. n/a Matters to be Disclosed: General information covering factors used to identify reported segments; Information on reported segment of income, assets, and liabilities; Reconciliation of total segment revenues, reported segment loss, segment assets, segment liabilities, and other segment material items to related amounts in the entity; and Disclosure at the entity level, which includes information about products and / or services, geographic areas and key customers. 12. Pengungkapan yang berhubungan dengan Instrumen Keuangan Disclosures related to Financial Instruments Hal-hal yang harus diungkapkan: Rincian instrumen keuangan yang dimiliki berdasarkan klasifikasinya; Nilai wajar dan hirarkinya untuk setiap kelompok instrumen keuangan; Kebijakan manajemen risiko; Penjelasan risiko yang terkait dengan instrumen keuangan: risiko pasar, risiko kredit dan risiko likuiditas; dan Analisis risiko yang terkait dengan instrumen keuangan secara kuantitatif. 392-430 Matters to be Disclosed: Details of financial instruments held by their classification; Fair value and hierarchy for each group of financial instruments; Risk management policy; Explanation of risks related to financial instruments: market risk, credit risk and liquidity risk; and The risk analysis associated with financial instruments is quantitative. Penerbitan laporan keuangan 13. Issuance of financial statements Hal-hal yang diungkapkan antara lain: Tanggal laporan keuangan diotorisasi untuk terbit; dan Pihak yang bertanggung jawab mengotorisasi laporan keuangan. 354 Matters expressed include: Date of financial statements authorized for publication; and The party responsible for authorizing the financial statements. Annual Report 2017 | PT BNI Life Insurance 503
  504. 2017 Laporan Tahunan Annual Report PT BNI LIFE INSURANCE Centennial Tower 9th Floor Jl . Gatot Subroto Kav. 24-25 Jakarta 12930 Tel. +62 21 2953 9999 Fax. +62 21 2953 9998 Customer Care Contact Center 1-500-045 Email: customer-care@bni-life.co.id SMS Center: +62 811 11 7626 www.bni-life.co.id