Nederlandsch-Indische Levensverzekerings en Lijfrente Maatschappij

Nederlandsch-Indische Levensverzekerings en Lijfrente Maatschappij (NILLMIJ) was a major Dutch insurance business with substantial headquarters buildings and branch offices in the Dutch East Indies and in the Netherlands. After Indonesia became independent, major Dutch companies operating there, including NILLMIJ, were nationalized. The company's operations in the Netherlands continued while the Indonesian government continued the renamed Indonesian business PT Asuransi Jiwasraya.

Office of Nillmij (Nederlandsch-Indische Levensverzekerings en Lijfrente Maatschappij) in Jakarta, now Head Office of Asuransi Jiwasraya
Nillmij Office Building in Semarang

History
Photograph of NILLMIJ building in Jakarta (now Asuransi Jiwasraya)

The company was originated from Nederlandsch-Indische Levensverzekerings en Lijfrente Maatschappij (abbrievated as NILLMIJ), which was founded in 1859 by CFW Wiggers Kerchem, who later worked as President of the Java Bank. Until 1932 the company was named SA Life Insurance Company NILLMIJ.

The company's success Dutch East Indies was largely due to the interrelationship with the colonial government there and a near monopoly. This came to an end when other insurers were allowed into the colony in 1883. In 1939 the Nillmij took over NV Java Hypotheekbank.

In 1952 the Dutch activities were expanded through a merger with the Life Insurance Corporation Arnhem. The company came was led by the mathematician John Engelfriet, who was one of the first to take the initiative to introduce computers. In 1956, the computer business Electrologica formed as a subsidiary of the Nillmij. In 1966 it was sold to Philips. In 1969, Nillmij merged with another insurance company, the First Dutch, and was renamed Ennia. In 1983 Ennia became Aegon.

The Nillmij built architecturally interesting office buildings for its offices in the Dutch East Indies, several of which stood long after the company left (for example in Jakarta, Semarang and Bandung).

Sources
  • 1859 - 1959 Netherlands before a hundred years. Commemorative book published on the occasion of the centenary of the Nillmij. Compiled by Prof. Dr. W. Jappe Alberts and Dr. Jonkvrouwe JM Winter. Published in 1959. Reprinted in 1962.
  • To Know Nillmij / Netherlands Indies Life insurance and Annuity Company (Nillmij) issued in Amsterdam circa 1940 by De Bussy.
  • BPA Gales, Working on security, a look back over the shoulder of AEGON two centuries of insurance history, AEGON Insurance in 1986.

References
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