PT Sinarmas MSIG Life Tbk (LIFE) projects that the gross premium income will reach Rp3.544 trillion by the end of 2021.

Based on the LIFE 2020 annual report published on Thursday (29/4), the 2021 gross premium income target is 3.21%  lower than the previous year's project of Rp3,672 trillion.

The Company also targets a net profit of Rp360,218 billion or a decrease of around 11.40% from the previous year's projection of Rp323,341 billion.

Although the projected revenue and profit for this year are lower than the previous year, the ratio of equity taking (ROE) is targeted to be higher or at the level of 4.4% from 4.2%.

The Company is committed to maintaining an adequate capital structure and solvency ratio to support the long-term business continuity of the Company. In addition, the Company also has no plans to make changes in the capital this year.

Management believes that the life insurance business prospect this year wi