Prudential Reports Healthy Growth

Jakarta, Sept 9 (Antara) - PT Prudential Life Assurance (Prudential Indonesia) reported a 31 percent increase year-on-year in premium income radiating a healthy growth in the first half of the year. The Indonesian units of the British based life insurance giant posted Rp11.8 trillion in premium income up from Rp9 trillion in the same period last year. "New products contributed 30 percent to the rise in premium income," President of Prudential Indonesia William Kuan said in a statement made available to Antara news agency on Monday. In the first half of this year, Prudential launched three new products PRUlink Indonesia Greater China Equity Fund, PRUaman, and PRUaccess. The three products turned out premiums valued at Rp5.9 trillion in the first half of the year, Kuan said. Growing number of Indonesians are aware of the importance of insurance to protect and guarantee stability in long term financial plan, he said. The total assets of Prudential Indonesia rose 31 percent in the first half of the year to Rp46.5 trillion . By June 30, 2013, the company paid Rp4.7 trillion in insurance claims.