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KBLI Navigator/Section K/65121
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 2025🏝️✅Registrable in Bali· medium conf.✓OSS-verified · KBLI 2025

Conventional General Insurance, Clearly Defined

A conventional general-insurance activity open across all recorded scales, with a nationally open PMA position and no Bali moratorium block on this record.

By the numbers
National foreign-ownership ceiling
100%
Open scales
Mikro, Kecil, Menengah, Besar
PMA source
Perpres 10/2021, 49/2021
Bali status
Registrable in Bali
Bali’s restriction exists, but this activity is identified as not blocked by it.
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
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 new in KBLI 2025, 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

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.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
OSS RBA risk scope (ruang lingkup)VerifiedKBLI 2025

Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.

locator: OSS_RBA_resiko_2025

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

Conservative posture derived from the risk tier · confidence MEDIUM.

Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.

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. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
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.

Related Codes

65122Section K

Sharia General Insurance

Asuransi Umum Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65112Section K

Sharia Life Insurance

Asuransi Jiwa Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65123Section K

Deposit & Policy Guarantee Scheme

Aktivitas Penjaminan Simpanan dan Asuransi

→
🏝️✅Registrable in Bali✅Open· 100% Foreign
65111Section K

Conventional Life Insurance

Asuransi Jiwa Konvensional

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65131Section K

Conventional Guarantee Services

Penjaminan Konvensional

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
65132Section K

Sharia Guarantee Services

Penjaminan Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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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.