The Indonesian Life Insurance Association (AAJI) reported that the life insurance industry’s total revenue for the first quarter of 2026 reached IDR 47.63 trillion. This figure represents a 6 percent decline compared to the IDR 50.66 trillion recorded during the same period in the previous year.
During a press release on Tuesday, June 2, 2026, Chairman of the AAJI Board of Management, Albertus Wiroyo, confirmed the industry’s performance from January to March 2026. A detailed breakdown shows that unweighted premium income experienced a slight dip of 0.5 percent year-on-year, falling from IDR 47.50 trillion to IDR 47.27 trillion. Meanwhile, weighted premium income saw a more pronounced decrease of 4.5 percent, dropping from IDR 31.49 trillion to IDR 30.08 trillion.
Despite the dip in total revenue, there were positive indicators in other segments. New business premiums grew by 5.0 percent year-on-year, reaching IDR 27.9 trillion, while the number of insured individuals increased by 20.9 percent to 118.28 million people. Concurrently, total claim payments and benefits disbursed in the first quarter of 2026 amounted to IDR 38.73 trillion, marking a 1.5 percent increase from the IDR 38.16 trillion recorded in the previous year.
Wianto Chen, Chairman of Literacy and Consumer Protection at AAJI, highlighted that a major driver of the increased claims was the rise in contract maturity claims. These payouts surged by 112.0 percent to reach IDR 10.45 trillion, reflecting a trend where more policyholders are successfully completing their protection terms and receiving the benefits stipulated in their policies.
Conversely, surrender claims saw a significant decline of 30.4 percent, totaling IDR 13.37 trillion. This shift suggests a growing public tendency to retain life insurance policies as a vital component of long-term financial security. “The rise in health-related claims underscores that public demand for healthcare services remains high, confirming that health insurance protection continues to play an essential role,” Wianto concluded.
Editor’s Choice: Procedures for Life Insurance Claims Following Disasters
Summary
The Indonesian Life Insurance Association (AAJI) reported a 6 percent decline in total industry revenue for the first quarter of 2026, dropping to IDR 47.63 trillion. Both unweighted and weighted premium incomes experienced decreases, although new business premiums saw a 5.0 percent growth. Additionally, the number of insured individuals rose by 20.9 percent to reach 118.28 million people.
Total claim payments and benefits increased slightly to IDR 38.73 trillion, largely driven by a 112 percent surge in contract maturity claims. In contrast, surrender claims dropped by 30.4 percent, indicating a stronger preference among policyholders for maintaining long-term financial security. Overall, health-related protection remains a vital and highly demanded component of the industry.