KBLI 65122

Sharia General Insurance

Asuransi Umum Syariah

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

This covers general Islamic insurance (non-life) based on Sharia principles, where participants mutually protect each other against risks like property damage, loss, legal liabilities, or financial losses from unforeseen events. It operates on a cooperative risk-sharing model instead of conventional risk transfer.

What Changed

KBLI 2020→2025 mapping: bps only.

What You Need

Nationally, this activity is fully open to 100% foreign ownership. In Bali, it is not blocked by the current moratorium, but it is classified as medium-high to high risk, meaning your specific business address will need to be verified during the licensing process and you may face extra scrutiny or higher minimum capital requirements.

Who This Is For

Foreign entrepreneurs or insurance companies already operating Sharia-compliant general insurance who want to serve the Indonesian market, especially those targeting the halal-conscious community or institutional clients in tourism and business hubs like Bali.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

ProcessingSesuai ketentuan OJK/BI

Common Questions

Can foreigners operate a sharia general insurance business in Indonesia?

Yes. KBLI 65122 (Asuransi Umum Syariah) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 65122?

KBLI 65122 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 65122?

KBLI 65122 is the Indonesian business classification code for "Asuransi Umum Syariah" (Sharia 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.