What license is required for KBLI 65111?

KBLI 65111 requires a NIB (Nomor Induk Berusaha) via OSS (Online Single Submission). Contact a licensed consultant for specific requirements.

KBLI 65111 is the Indonesian business classification code for "Asuransi Jiwa Konvensional" (Asuransi Jiwa Konvensional). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025), effective June 18, 2026.

Life insurance financial protection family planning security

KBLI 65111

Asuransi Jiwa Konvensional

Q: Can foreigners operate a asuransi jiwa konvensional business in Indonesia?

Yes. KBLI 65111 (Asuransi Jiwa Konvensional) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

🏦 Section K — Financial & Insurance Activities

✅Open· 100% ForeignNew in 2025

Conventional life insurance activities — offering life insurance products that pay out on death, disability, or survival to a specified age. Includes term life, whole life, endowment, and unit-linked (investment-linked) life insurance products sold to individuals and groups.

What Changed

Renumbered/adjusted from KBLI 2020. KBLI 65111 invariato 2020→2025. UU P2SK (Legge 4/2023) framework legislativo sovraordinato per modernizzazione settore. Aggiornamento OSS obbligatorio entro 18 giugno 2026. Complia

What You Need

**PMA:** Fully open to PMA — 100% foreign ownership allowed.

Common Questions

Can foreigners operate a asuransi jiwa konvensional business in Indonesia?

Yes. KBLI 65111 (Asuransi Jiwa Konvensional) is classified as TERBUKA — open to 100% foreign ownership through a PT PMA company. You do not need a local Indonesian partner.

What license do I need for KBLI 65111?

KBLI 65111 requires a NIB (Nomor Induk Berusaha) obtained through the OSS (Online Single Submission) system. Contact a licensed consultant for specific requirements.

Related Codes

65112Section K

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