Bisnis, JAKARTA — PT Bahana Pembinaan Usaha Indonesia (BPUI), also known as Indonesia Financial Group (IFG), has voiced its plan to acquire 70% of the shares of PT Asuransi Jiwa Inhealth Indonesia (Mandiri Inhealth). IFG has designated its subsidiary, PT Asuransi Jiwa IFG (IFG Life), to execute the acquisition. This move positions IFG to own two life insurance companies, IFG Life and Mandiri Inhealth.
President Director of IFG Hexana Tri Sasongko stated that the plan to acquire shares is part of the company's strategy for development. He elaborated that IFG operates across multiple sectors within its ecosystem, including general insurance, social insurance, life insurance, health insurance, and guarantees.
"For the development of life and health insurance at IFG Life, we need to acquire InHealth [Mandiri Inhealth]. This is in line with research that Indonesians increasingly need health insurance," said Hexana to Bisnis, Monday (26/2/2024).
He further elaborated that in the short to medium term, Mandiri Inhealth will retain its status as a subsidiary of IFG Life, with Bank Mandiri continuing to hold a portion of its shares. “We maintain synergy with Bank Mandiri ecosystem during this period, but in the long run, there could be a merger between Mandiri Inhealth and IFG Life,” he said.