BNI Life Unitlink Performs Strongly Across Multiple Periods

Market fluctuations over recent years have made investment management track records increasingly important to monitor, particularly for unitlink products whose returns are heavily dependent on asset allocation strategy.

In CNBC Indonesia Research’s Best Unit-Linked Investment Performance assessment, conducted with PT Infovesta Utama, PT BNI Life Insurance’s unitlink portfolios demonstrated strong performance across various measurement periods, from short-term to long-term horizons.

Based on 1-year, 3-year, and 5-year return data, BNI Life’s products showed competitive performance within their respective peer groups. Coverage was broad, spanning conventional mixed funds and conventional money market funds, through to Shariah-compliant lines in equity, mixed, and fixed income categories. In total, BNI Life won awards in 13 evaluation categories.

Conventional Mixed Unitlink as Backbone

BNI Life’s conventional mixed unitlink funds delivered notably strong results. The most consistent performance appeared in BLife Link, which fell within the Mixed Combination category.

Over a five-year period, BLife Link Mixed Combination recorded a 49.03% return with a Total Score of 68.40. This achievement demonstrated portfolio management’s ability to maintain performance over the long term, despite ongoing market cycles.

Performance remained solid over the three-year period, with the product posting a 39.48% return and Total Score of 76.40. The higher score indicated stronger competitiveness compared with its peer group over the medium-term horizon.

For the one-year period, returns stood at 20.23% with a Total Score of 76.40. Double-digit annual returns reflected reasonably effective management in capitalising on short-term market dynamics whilst maintaining measured risk.

By character, mixed products generally place funds in a combination of equities and fixed income instruments. This approach aims to maintain balance between growth opportunities and stability, making it relevant for investors seeking growth whilst needing cushion during market turbulence.

Conventional Money Market Maintaining Stability

On the more defensive side, BLife Link Liquid Money Market also ranked among winners in the money market category.

Over the five-year evaluation period, the product recorded a 24.53% return with a Total Score of 29.20. Over the three-year period, the return was 16.63% with a Total Score of 28.60.

Money market products generally prioritise liquidity and stability. Consequently, performance in this segment often becomes a consideration for customers prioritising value protection and flexibility in fund management.

Shariah Products Stand Out, Equities as Primary Engine

In the Shariah line, BNI Life recorded strong results, particularly in the equity category. BNI Life Shariah Equity Fund posted a 43.97% return over the five-year period with a Total Score of 30.60.

Notably, over the medium-term three-year horizon, returns were actually higher at 51.69% with a Total Score of 33.40. This achievement demonstrated portfolio management strategy capable of effectively capitalising on market momentum.

Over the one-year horizon, the product also maintained performance with 43.78% returns and a Total Score of 39.80. These figures indicated Shariah equity management responsive to sentiment changes, generally supported by issuer selection and risk management discipline.

Beyond equities, the Shariah mixed segment also showed stability. BNI Life Shariah Balanced Fund recorded a 37.84% return over the five-year period with a Total Score of 20.00. Over the three-year period, returns were 30.83% with a Total Score of 20.80, whilst over the one-year period returns stood at 21.97% with a Total Score of 23.20.

Shariah mixed character typically combines Shariah equities and Shariah fixed income instruments such as sukuk, so the approach tends to seek balance between growth opportunities and stability.

In the Shariah fixed income group, BNI Life Shariah Fixed Income Fund recorded a 27.45% return over the five-year period with a Total Score of 10.40, and a 17.41% return over the three-year period with a Total Score of 10.60.

This segment is commonly chosen when customers desire more measured volatility, with focus on income and duration management.

Unit-Linked Industry Momentum Direction

In the CNBC Unitlink Award assessment, return performance record is one of the main benchmarks for evaluating management quality. However, final results are also influenced by Total Score values that show product performance positioning compared with peer groups.

Consequently, score calculation is based on four main indicators: annualised return, annualised risk, risk-free rate, and modified Sharpe ratio.

At BNI Life, the clearest strength signal comes from score consistency in the conventional mixed category. Simultaneously, the Shariah line also recorded notable performance, particularly in equity and mixed segments across several time horizons.

These achievements feel increasingly relevant because the unitlink industry is currently in a phase of adjustment towards healthier conditions after passing through periods of market volatility and regulatory changes over recent years.

Amidst this situation, customers tend to be more cautious and more carefully weigh track records and performance stability before selecting products.

BNI Life data shows a combination of complementary strategies—the conventional mixed approach tending towards stability, combined with a Shariah equity portion that is more growth-oriented yet remains adaptively managed.

This condition helps BNI Life products remain competitive as market dynamics continue to shift.