Indonesia's BCA to venture into life insurance

Bank Central Asia will still continue its planned venture in life insurance, according to its president director, Jahja Setiaatmadja.

The bank will either set up a new life insurer or buying a stake in a local company.

BCA will decide in five to six months which option to take.

He said BCA had set aside Rp 100 billion as capital for the insurer.

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