On 28 November 1996, PT Bank Negara Indonesia Persero Tbk (BNI) and PT Asuransi Jiwasraya jointly set up a life insurance company under the name of PT Asuransi Jiwa BNI Jiwasraya atau BNI Jiwasraya, which provides a range of insurance products such as Life Insurance, Health Insurance , Personal Accident Insurance, Annuity and Pension. Establishment of an insurance company is in line with the