AXA Financial Expands Life Insurance Access, Offers Protection Up to Age 100

PT AXA Financial Indonesia (AFI) has launched a traditional life insurance product, Lifetime Protection Powered by AXA Long Term Life Protector, in an effort to broaden access to long-term financial protection amid increasing life expectancy and the public’s need for economic security. President Director of AXA Financial Indonesia Niharika Yadav stated that the product is designed to provide coverage up to the age of 100 while helping the public face long-term financial risks. “As life expectancy increases, the protection gap widens, and the financial burden on families grows, people need protection solutions that can provide certainty across generations. Through Lifetime Protection Powered by AXA Long Term Life Protector, we want to help people prepare for the future better,” Niharika said in a statement in Jakarta on Wednesday (8/7/2026). According to data from the Central Statistics Agency (BPS), the average life expectancy of the Indonesian population in 2025 reached 74.47 years and has continued to rise in recent years. On the other hand, the Swiss Re Institute Asia Life & Health Consumer Survey 2025 recorded that the protection gap in Asia remains high. The health protection gap is estimated to reach around Rp 4,200 trillion, while the mortality protection gap is around Rp 2,150 trillion in 2024. According to AXA Financial Indonesia, this condition indicates that the public’s need for financial protection to face health risks and the risk of losing a breadwinner is still very large. In addition, the increasing number of the sandwich generation is also driving the need for long-term protection products. This group must bear the economic needs of both children and parents amid rising living costs and economic uncertainty.