KBLI 65121★ Gold-Tier Intel

Conventional General Insurance

Asuransi Umum Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

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

Risk LevelHigh (Tinggi)

License TypeNIB + Izin

ProcessingSesuai ketentuan OJK/BI

Foreign Ownership100% Open

AuthorityBKPM / OSS

PP28/2025 Licensing Data4 scales

Business scale:

MikroHigh RiskNIB + Izin⏱ Sesuai ketentuan OJK/BI

Requirements (Indonesian)2

1Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

2Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

Post-License Obligations2

Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

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

Common Questions

Can foreigners operate a conventional general insurance business in Indonesia?

Yes. KBLI 65121 (Asuransi Umum Konvensional) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 65121?

KBLI 65121 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 65121?

KBLI 65121 is the Indonesian business classification code for "Asuransi Umum Konvensional" (Conventional General 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.