KBLI 65112

Sharia Life Insurance

Asuransi Jiwa Syariah

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

This is a Sharia-compliant life insurance business, where all operations follow Islamic principles—participants contribute to a mutual fund that provides payouts upon death or survival, with benefits determined by pre-agreed amounts or the fund’s investment performance.

What Changed

KBLI 2020→2025 mapping: bps only.

What You Need

In Bali, this activity is not blocked by the local foreign investment moratorium, but it is classified as medium-high/high risk. That means registration is possible, but the authorities will scrutinize your application more closely—especially your registered commercial address, which must be genuine and verifiable. Expect extra compliance steps.

Who This Is For

Foreign entrepreneurs with deep expertise in Islamic finance who want to launch a Sharia life insurance company targeting Indonesia’s large Muslim market.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

ProcessingSesuai ketentuan OJK/BI

Common Questions

Can foreigners operate a sharia life insurance business in Indonesia?

Yes. KBLI 65112 (Asuransi Jiwa Syariah) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 65112?

KBLI 65112 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 65112?

KBLI 65112 is the Indonesian business classification code for "Asuransi Jiwa Syariah" (Sharia 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.

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Ready to register this business?

Bali Zero handles PT PMA setup, KBLI registration, NIB, and all licensing for KBLI 65112.

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IDR 20.000.000

Company registration, KBLI, NIB, domicile

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IDR 5.000.000

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KBLI 65112

Sharia Life Insurance

Asuransi Jiwa Syariah

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

What Changed

KBLI 2020→2025 mapping: bps only.

What You Need

Who This Is For

Foreign entrepreneurs with deep expertise in Islamic finance who want to launch a Sharia life insurance company targeting Indonesia’s large Muslim market.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

ProcessingSesuai ketentuan OJK/BI

Common Questions

Can foreigners operate a sharia life insurance business in Indonesia?

Yes. KBLI 65112 (Asuransi Jiwa Syariah) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 65112?

KBLI 65112 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 65112?