JAKARTA: Life insurance companies are ready to put its assets in gold, following the permissibility of such precious metals as an investment instrument by regulator.
Gold is ideal for long-term investment, said Executive Director of Indonesia Life Insurance Association Benny Waworuntu. The commonly used as hedge inflation, gold has a good investment yields with stable risk ratio.
He welcomed the opportunity to expand investment portfolios through Ministry of Finance Decree No. 53/2012 on Financial Health of Insurance and Reassurance Companies. (T05/aph)