65113Sharia Life Insurance Unit
Unit Syariah Asuransi Jiwa
Last updated · Sourced from OSS Indonesia
This group includes the activities of the sharia unit of the head office of conventional life insurance companies that serve as the parent office for branches outside the head office that conduct sharia life insurance business activities.
Key facts for KBLI 65113
The essentials a foreign investor needs to know before reading the rest of this page.
Reserved for small Indonesian operators — no foreign ownership KBLI 65113 is set up for warungs, smallholders, individual practitioners and similar small businesses; the licensing rules don't cover larger operations. Foreign-owned companies have to register at the Large business size, so this code isn't available to them. Pick a related KBLI that covers larger operations, or partner with an Indonesian operator who already holds the licence.
OJK authorization required: in addition to OSS NIB. Capital requirements set by OJK are typically much higher than the standard PT PMA minimum.
- Direct PMA path
- Not availableSee below for alternatives
- Recommended structure
- Alternative KBLIMove to a related open code
- Next step
- Book a callTailored structure for your plan
Foreign investment rules
Indonesia's BUPM (Investment Business Fields) regulation places this code into one of five tracks. The track determines whether a foreign investor (PMA) can operate in this activity at all, and under what conditions.
Reserved for small Indonesian operators
KBLI 65113 is set up for warungs, smallholders, individual practitioners and similar small businesses — Indonesia's licensing rules only define micro and small business sizes for it. Foreign-owned companies have to register at the Large business size, so even though this code isn't on the official "closed" list, foreign ownership isn't possible in practice. Pick a related KBLI that covers larger operations, or set up a partnership with an Indonesian operator who already holds the licence.
Higher minimum capital required by OJK
Life insurance
BKPM Reg. 5/2025's default is IDR 2.5 billion paid-up + IDR 10 billion commitment per KBLI. The figure above is the binding override for this activity — the higher number wins.
What this means for foreign investors
An honest read of the situation, plus the structures that work in practice. We've handled all of these — book a call to walk through your specific plan.
Move to a different value-chain step
The cleanest path: operate a related but open KBLI. For example, foreign investors blocked from primary commodity production frequently succeed with the processing, distribution, branding, or export-trade codes upstream or downstream of the restricted activity.
Special Economic Zone (KEK) or Free Trade Zone (Batam)
Several restricted codes have higher or full PMA caps inside designated KEK zones (Sanur Health, Lido, Mandalika) or the Batam Free Trade Zone — manufacturing, logistics, and IT services especially. The IUK regime under BP Batam relaxes ownership rules selectively in exchange for export orientation. We assess whether your operation can benefit. See the BP Batam IUK guide for the requirements.
Indonesian-owned operating company + commercial agreement
A 100% Indonesian-owned operating entity can hold the restricted licence while you contract with it commercially. We structure these arrangements deliberately — without nominee shareholding, which is unenforceable and increasingly scrutinised.
These siblings are usable by a foreign-owned PT PMA — they have a Large-scale licensing matrix and aren't on a restricted list. Each has its own context badge so you can pick by trade-off.
What is KBLI 65113?
A plain-English explanation of this classification and the businesses it covers.
KBLI 65113 (Unit Syariah Asuransi Jiwa) is the 5-digit Indonesian Standard Industrial Classification code for sharia life insurance unit. It sits within Financial and Insurance Activities under the subgroup Life Insurance (major group 65) in the official KBLI 2020 taxonomy maintained by Statistics Indonesia (BPS).
Who needs KBLI 65113?
Any Indonesian or foreign-owned entity that intends to operate in sharia life insurance unit as a primary or secondary business activity must select this code on its NIB (Business Identification Number). The selected code determines the licensing instruments required, the issuing authority, and the ongoing compliance obligations.
Why does the code matter?
Indonesia's OSS Risk-Based Approach uses the KBLI code to determine three things: (1) whether foreign investment is permitted and at what cap, (2) the risk-based licensing instruments required, and (3) the authority that issues each instrument. Choosing the wrong code can delay or invalidate your license.
Insurance-specific guidance
Sector context that applies to KBLI 65113 beyond the generic OSS process. Verify with the relevant ministry before committing capital.
- ·Foreign equity in insurance is capped at 80% under the current Insurance Law.
- ·OJK licensing is layered: business license + product approval + agent licensing.
- ·Reinsurance is more open to foreign capital (often 100%) given the technical capital required.
Under the upcoming KBLI 2025
Indonesia's BPS published the new KBLI 2025 taxonomy in early 2025. OSS, BKPM and the operating ministries have not yet adopted it — KBLI 2020 remains the active standard for business registration. This is what's coming for this specific code.
Reorganised in KBLI 2025
KBLI 65113 does not carry the same number forward into KBLI 2025 — the activity has been reclassified, but the precise mapping isn't recorded in our database yet.
- ·For current operations, KBLI 65113 remains valid — OSS still uses KBLI 2020 for all business registrations.
- ·The KBLI 2025 successor codes are listed in the official BPS transition document below; check for the activity-specific mapping when planning future structures.
- ·Once OSS announces the KBLI 2025 cutover, existing entities will need to update their primary KBLI to the relevant successor — typically straightforward.
When OSS adopts KBLI 2025, we'll migrate your existing entity to the appropriate successor code as part of ongoing compliance — no action needed on your end now.
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