"This, of course, goes hand in hand with the improvement in the performance of the insurance industry, which improved in the first half of this year," head of marketing and communications at AAJI, Wiroyo Karsono, said at an online press conference originating from Jakarta on Tuesday.
With the total placement of investment management funds, the life insurance industry has played a significant role in economic stability as well as Indonesia's development, he remarked.
The total investment that has had a direct role in the development of the country has been recorded at around 26 percent, in the form of bonds, Islamic bonds (sukuk) and government securities (SBN), he informed.
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Thus, the placement of investment funds in the form of bonds, sukuk and SBN, grew 12.9 percent to Rp133.5 trillion in the first half of 2021 from Rp118.2 trillion in the first half of 2020, Karsono said.
Meanwhile, the total investment in the life insurance industry in the capital market in the form of stocks and mutual fund instruments reached Rp312.4 trillion in the first six months of 2021, an increase of 20.4 percent from Rp259.5 trillion recorded in the same period last year, he said.
"This type of investment is the contribution of life insurance in supporting and maintaining capital market stability," he remarked.
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Translator: Agatha O, Azis Kurmala
Editor: Rahmad Nasution
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