KBLI 65111

Conventional Life Insurance

Asuransi Jiwa Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskNew in 2025Registrable in Bali· medium conf.

Conventional life insurance activities — offering life insurance products that pay out on death, disability, or survival to a specified age. Includes term life, whole life, endowment, and unit-linked (investment-linked) life insurance products sold to individuals and groups.

What Changed

Unchanged 2020→2025. UU 4/2023 (P2SK) is the overarching legislative framework modernising the sector. With the June 2026 transition window closed, verify and update the OSS record now.

What You Need

**PMA:** Fully open to PMA — 100% foreign ownership allowed.

Bali Intelligence

You'll Also Need

OJK insurance license — mandatory, separate from OSS
66221Insurance agent activities if you sell through agents

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

ProcessingSesuai ketentuan OJK/BI

Common Questions

Can foreigners operate a conventional life insurance business in Indonesia?

Yes. KBLI 65111 (Asuransi Jiwa Konvensional) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 65111?

KBLI 65111 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 65111?

KBLI 65111 is the Indonesian business classification code for "Asuransi Jiwa Konvensional" (Conventional Life Insurance). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.

Related Codes

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KBLI 65111

Conventional Life Insurance

Asuransi Jiwa Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskNew in 2025Registrable in Bali· medium conf.

What Changed

Unchanged 2020→2025. UU 4/2023 (P2SK) is the overarching legislative framework modernising the sector. With the June 2026 transition window closed, verify and update the OSS record now.