Commonwealth Life began serving customers since 1992 with the name Astra Jardine which later changed its name to Astra CMG Life to 2007. Name PT Commonwealth Life was introduced for the first time in July 2007, by the Decree of the Minister of Justice and Human Rights HT.01.04 number W7-07 188-TH 2007 on Approval of Amendment of Articles of Association of the Company Limited.
Currently, the largest Commonwealth Life shares owned by Commonwealth Bank of Australia (CBA) Group by 80% (CMG Asia Life Holdings Limited 50% stake and Commwealth Life International Holdings PTY LTD 30% of shares) and 20% by PT Gala Arta Jaya. CBA is one of the leading financial services companies, which dominate the banking and insurance industry in Australia. Two life insurance companies CBA earlier stand is’ CommInsure ‘in Australia’ and ‘Sovereign’ in New Zealand which are both the best life insurance companies in each country.
Along with the vision and mission to become the Indonesian Life Insurance Company of the best, Commonwealth Life continues to develop products and services which are spread across 19 major cities and is supported by over 7,500 Sales Force across Indonesia that serve individual customers and kumpulan.sehingga not wrong if Commonwealth Life Insurance Company became Indonesia’s Best
Commonwealth Life offers insurance products such as: protection, savings and investment in the program unit link (Investra Link), Traditional Life Insurance (Danatra Scholar, Danatra Welfare), protection of the savings and loan (COMM Protection), as well as supplemental insurance program (accident insurance, hospitalization insurance, critical illness).