IFG Life Announces Leadership Transition

End of Term for Key Executives

PT Asuransi Jiwa IFG, known as IFG Life, has officially announced that the term of its Director Utama, Budi Tampubolon, and Corporate Business Director, Bugi Riagandhy, concluded on January 2, 2026. This announcement was made through a company statement released on January 3, 2026.

Budi Tampubolon's Distinguished Career

Budi Tampubolon brings extensive experience in the insurance industry, having started his career in actuarial roles in the early 2000s. His professional journey includes significant positions at AXA Life Indonesia, John Hancock Indonesia, Cigna Indonesia, BNI Life Insurance, AXA Financial Indonesia, and Lippo Life Assurance. Before joining IFG Life as Director Utama in June 2024, he led Mandiri Inhealth during its business adjustment and integration into the Indonesia Financial Group (IFG) ecosystem.

Industry Impact and Future Prospects

The transition comes as IFG Life continues its post-merger consolidation, focusing on organizational restructuring, business portfolio management, and strengthening governance and risk management. As the industry awaits the appointment of new leadership, the market is likely to watch closely for continuity in IFG Life's strategic direction. Budi's industry involvement extends beyond corporate roles, having served as Chairman of the Board of Directors at Asosiasi Asuransi Jiwa Indonesia (AAJI), demonstrating his significant influence in shaping the national life insurance industry.