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KBLI 65121★ Gold-Tier Intel

Asuransi Umum Konvensional

Asuransi Umum Konvensional

🏦 Section K — Financial & Insurance Activities

✅Open· 100% ForeignNew in 2025

General insurance (non-life insurance) — providing insurance coverage for property, motor vehicles, marine cargo, fire, liability, health (group), travel, and other short-term risks. This covers all conventional non-life insurance products: car insurance, property insurance for villas/hotels, marine cargo insurance for shipments, travel insurance for tourists, group health insurance for companies. Policies are typically annual contracts renewed yearly. This is NOT life insurance (65111) or syariah insurance (65211) — this is conventional general insurance.

Licensing & Requirements

What You Need

Two-stage licensing process

Post-license obligations

Typical total timeline

Minimum capital

Authority

PMA
2020 → 2025

General insurance existed in KBLI 2020 under similar codes. KBLI 2025 maintains the classification as BPS_ONLY, meaning detailed per-scale licensing data is not yet fully defined in OSS. The core regulatory framework remains OJK-based under UU 40/2014, unchanged from previous years.

Bali Intelligence

Complementary Codes

Related Codes

65111Section K

Asuransi Jiwa Konvensional

Asuransi Jiwa Konvensional

→
✅Open· 100% Foreign
65112Section K

Asuransi Jiwa Syariah

Asuransi Jiwa Syariah

→
✅Open· 100% Foreign
65122Section K

Asuransi Umum Syariah

Asuransi Umum Syariah

→
✅Open· 100% Foreign
65123Section K

Aktivitas Penjaminan Simpanan dan Asuransi

Aktivitas Penjaminan Simpanan dan Asuransi

→
✅Open· 100% Foreign
65131Section K

Penjaminan Konvensional

Penjaminan Konvensional

→
✅Open· 100% Foreign
65132Section K

Penjaminan Syariah

Penjaminan Syariah

→
✅Open· 100% Foreign
Zantara AIOSS Intelligence System
Context65121
Establishing a general insurance company in Bali? 65121 is the code, but the reality is tough: IDR 100 billion capital, 12–24 month OJK approval, intense competition. Most foreign investors find 66221 (insurance agent) a more practical entry point. Let me explain both paths.