ANNOUNCEMENT ON THE SEPARATION OF SHARIA BUSINESS UNIT PT SUN LIFE FINANCIAL INDONESIA

PT Sun Life Financial Indonesia (“Sun Life Indonesia”) is proud to announce a strategic milestone in its mission to expand and enhance financial protection services based on Sharia principles. Sun Life Indonesia will proceed with the separation of its Sharia Business Unit (“UUS”) through the transfer of policyholder portfolios, including customer data, from Sun Life Indonesia’s UUS to PT Sun Life Financial Syariah Indonesia (“Sun Life Syariah”), which has been legally established as a legal entity and obtained business license approval from the Financial Services Authority (“OJK”) on 22 July 2026. 

As part of the separation process, Sun Life Indonesia will submit an application to OJK to obtain approval for the transfer of policyholder portfolios and related personal data of Sun Life Indonesia’s UUS customers, which are planned to be transferred to Sun Life Syariah. 

Sun Life Indonesia is committed to transparency and will continue to provide information and the best possible service to clients at every stage of this UUS separation process, while ensuring that the entire process is carried out in accordance with applicable laws and regulations. 

This UUS separation marks an important new chapter for Sun Life Indonesia and Indonesia’s Sharia financial services industry, opening opportunities for innovative solutions that are aligned with Sharia principles and the unique needs of Indonesian clients. 

Sincerely, 

PT Sun Life Financial Indonesia