Conventional General Insurance
Asuransi Umum 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 General Insurance, Clearly Defined
A conventional general-insurance activity open across all recorded scales, with an 80% national PMA ownership cap under PP 14/2018 and no Bali moratorium block on this record.
Bali’s restriction exists, but this activity is identified as not blocked by it.
What You Need
PP28/2025 Licensing Data4 scales
Requirements (Indonesian)2
Post-License Obligations2
Two-stage licensing process
Post-license obligations
Typical total timeline
Minimum capital
Authority
General insurance (65121) is a direct continuation of the same code from KBLI 2020 — not a new classification. What's still missing is PP28/2025 risk-based licensing data in OSS, which has not yet been published for this code, so detailed per-scale licensing data is not yet fully defined. The core regulatory framework remains OJK-based under UU 40/2014, unchanged from previous years.
Bali Intelligence
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 general insurance business in Indonesia?
What license is required for KBLI 65121?
What is KBLI 65121?
How did KBLI 65121 change from KBLI 2020 to 2025?
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