Conventional Life Insurance
Asuransi Jiwa Konvensional
🏦 Section K — Financial & Insurance Activities
Bali record: not blocked by the provincial restriction; national ownership and licensing rules still apply
Instrument locator: Perpres 10/2021 Pasal 11(2) — financial/banking business fields follow their own sector legislation
Conventional Life Insurance: Capped at 80% Nationally, Open in Bali
This activity covers conventional life insurance, capped at 80% foreign ownership nationally under PP 14/2018, and not blocked from PMA registration in Bali.
Bali adds no further restriction on top of the national 80% ownership cap — PMA registration proceeds at that ceiling, not a lower one.
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
Bali Intelligence
- OJK insurance license — mandatory, separate from OSS
- 66221Insurance agent activities if you sell through agents
Source: the BPS 2020↔2025 conversion table, mechanically extracted and acceptance-gate verified. It shows which 2020 codes map to this 2025 code — provenance only, not a licensing claim: the regulatory regime of these predecessor codes has not been adjudicated as transferring.
Sources & Verification
Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.
Title and scope as defined by the KBLI-2025 classification.
locator: OSS_RBA_2025_id_version_fff4053d
Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.
locator: OSS_RBA_resiko_2025
The current whole-code foreign-ownership verdict has an adjudicated official basis and source vintage in the canonical record.
locator: PP 14/2018 Pasal 5(1) jo. PP 3/2020 Pasal I angka 1 (Kepemilikan Asing pada Perusahaan Perasuransian dilarang melebihi 80% dari modal disetor). 'Perusahaan Perasuransian' includes 'perusahaan asuransi' per UU 40/2014 Pasal 1 angka 14. Perpres 10/2021 Pasal 11(2) carves the financial/banking bidang usaha out to sector law — the Perpres 10/2021/49/2021 annexes and residual-open default never applied here.
Conservative posture derived from the risk tier · confidence MEDIUM.
Dataset last updated 2026-08-15 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.
Can foreigners operate a conventional life insurance business in Indonesia?
What license is required for KBLI 65111?
What is KBLI 65111?
How did KBLI 65111 change from KBLI 2020 to 2025?
Related Codes
Sharia Life Insurance
Asuransi Jiwa Syariah
Conventional General Insurance
Asuransi Umum Konvensional
Sharia General Insurance
Asuransi Umum Syariah
Deposit & Policy Guarantee Scheme
Aktivitas Penjaminan Simpanan dan Asuransi
Conventional Guarantee Services
Penjaminan Konvensional
Sharia Guarantee Services
Penjaminan Syariah
Ready to register this business?
Bali Zero handles company setup, KBLI registration, NIB, and licensing for KBLI 65111.
PT PMA Setup
IDR 20.000.000
Company registration, KBLI, NIB, domicile
Virtual Office
IDR 5.000.000
Legal address for your company in Bali
5,000+ companies registered since 2020
Get started on WhatsApp