KBLI 65122 (Asuransi Umum Syariah) is the 5-digit Indonesian Standard Industrial Classification code for sharia-compliant general insurance. It sits within the Financial and Insurance Activities category in the official KBLI 2020 taxonomy maintained by Badan Pusat Statistik (BPS).

Can foreign investors operate under KBLI 65122?

Yes — KBLI 65122 is open to foreign investment, but the licensing path runs entirely through OJK under POJK 23/2023, not OSS RBA. BKPM Reg. 5/2025's IDR 2.5 billion default does NOT apply to this code; the binding capital floor is set by OJK and is materially higher (see the capital question below).

What is the risk level of KBLI 65122?

KBLI 65122's risk levels per business scale: Micro High, Small High, Medium High, Large High. Foreign-owned entities (PT PMA) must register at the Large scale.

What licenses does KBLI 65122 require?

NIB + Operating Licence (Izin). KBLI 65122 is High risk at Large scale, so the Operating Licence requires substantive sector-regulator approval before the business can operate. Expect a multi-month review with technical submissions.

What is the minimum capital for a PT PMA under KBLI 65122?

Sector regulator override: IDR 150 billion (general); IDR 250 billion (sharia) required by OJK under POJK 23/2023 (Perusahaan Asuransi). This is higher than BKPM Reg. 5/2025's default IDR 2.5 billion paid-up; the higher number wins.

How long does it take to register a business under KBLI 65122?

PT PMA setup typically takes 4-8 weeks end-to-end: AHU registration, NIB via OSS, bank account opening. KBLI-specific licensing depends on the permit instrument required.

Is KBLI 65122 eligible for Indonesian tax incentives?

Not on the Tax Holiday or Tax Allowance priority lists. KBLI 65122 businesses pay the standard 22% PPh Badan; Super Tax Deduction (300% R&D / 200% vocational training) may still apply for qualifying expenses.

Which authority issues the KBLI 65122 license?

Authority depends on the investor profile. For PMA: Minister/Head of Agency. For domestic SME scale: typically Governor (for Provincial scope) or Regent/Mayor (Regency/City scope). Specific mapping is in §1 of this page.

What other permits beyond the NIB does KBLI 65122 need?

Beyond the NIB, no specific auxiliary permits (PB UMKU) are recorded for KBLI 65122. Sector-specific obligations may still apply — verify with the relevant ministry.

What KBLI codes are similar to 65122?

KBLIs in the same subgroup 6512: 65121 (Conventional General Insurance); 65123 (Sharia General Insurance Unit). These are closely related activities — see the related-codes section below for full list.

KBLI 65122: Sharia-Compliant General Insurance

At a glance

3 requirements · click to jump

What you’ll need to operate under KBLI 65122

Set up the PT PMA
IDR 150 billion (general); IDR 250 billion (sharia) paid-up (POJK 23/2023)
Details
Get OSS licensing
NIB + Operating Licence (Izin) — Large-scale, High risk
Details
Sector regulator approval
Licensing runs through OJK, not OSS. Plan separate review timelines.
Details

§ 01

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.

Status · open

Fully open to foreign investment

KBLI 65122 is not on Indonesia's closed, conditional, SME-reserved or partnership-required schedules. A foreign investor may incorporate a PT PMA with up to 100% foreign ownership and operate in this activity directly.

This KBLI is not listed in any restricted, closed, SME-reserved or partnership-required schedule under Pres. Reg. 10/2021 (as amended). A 100% foreign-owned PT PMA may operate in this activity, subject to the licensing requirements shown below. BKPM's default minimum capital is IDR 2.5 billion paid-up with IDR 10 billion+ total investment commitment per KBLI realised over time, but sector regulators (OJK, ESDM, BPOM, Kominfo, etc.) can set higher minimums for specific activities — we confirm the actual figure before incorporation.

Sector capital requirement

Higher minimum capital required by OJK

General insurance (non-life)

Required paid-up

IDR 150 billion (general); IDR 250 billion (sharia)

Regulation

POJK 23/2023 (Perusahaan Asuransi)

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.

§ 02

How we handle your KBLI 65122 setup

Emerhub is a corporate-services provider in Indonesia. We do the legal and regulatory legwork for foreign investors so you can focus on the business itself. Here's what the engagement looks like.

1
Confirm the optimal structure for your business
2–3 business days
We confirm KBLI 65122 is the right primary code for your business, advise on secondary codes you may also need, and finalize the holding structure with you before any filing.
What we need from you
- Founders' passport copies and proof of residence
- Intended share split and board composition
2
Incorporate your PT PMA
7–10 business days
We draft the Articles of Association before a notary, register the entity with the Ministry of Law & Human Rights (Kemenkumham), and obtain the company's tax ID (NPWP). Under BKPM Reg. 5/2025, paid-up capital is IDR 2.5 billion (~USD 160K) — the cash actually deposited at incorporation. The IDR 10 billion+ figure many sources still cite is the total investment commitment per KBLI, realised over time via your LKPM reports.

Get an exact quote and timeline for KBLI 65122, scoped to your specific business plan.

Request a quote

§ 05

Licensing requirements in detail

Specific permits, application requirements and ongoing obligations vary by business scale and the sub-activity within this KBLI. We file these on your behalf — this section is for transparency on what we'll be handling. Switch between scales below; by default we show Large (the PMA scale).

Sub-activity scope

General sharia insurance business that is entirely conducted based on sharia principles, with business activities including risk management based on sharia principles to mutually assist and protect by providing compensation to participants or policyholders for losses, damages, incurred costs, loss of profits, or legal liabilities to third parties that may be suffered by participants or policyholders due to the occurrence of an uncertain event.

What's required to operate

NIB

Preparation only — additional permit needed below

Operating License (Izin)

Important: NIB is issued for the preparation stage. Commercial operation requires a full Operating License (Izin) issued by the competent ministry after a substantive review of the operator's capability, facility, and compliance. Operating with NIB alone exposes the entity to penalties, blacklisting, and contract invalidation.

Application requirements

Documents and capabilities you must demonstrate at registration

01The OSS agency only issues the NIB. Business License applications are submitted by Business Actors to, issued by, and must meet the requirements set by the Financial Services Authority (OJK) in accordance with legal regulations.

Ongoing obligations

Compliance and reporting duties throughout operation

01Fulfill the obligations set by the Financial Services Authority (OJK) in accordance with the provisions of the legislation.

Issuing authority

The authority that issues the license depends on your situation.

Authority	Applies when
Minister/Head of Agency	All
Minister/Head of Agency	Foreign Investment

Speak to Emerhub

Get your KBLI 65122 setup handled end-to-end.

Emerhub is a corporate-services provider in Indonesia. We handle PT PMA incorporation, licensing, tax registration and monthly compliance — so you focus on operating the business.

Get a quote for KBLI 65122

Firm	Licensed	Province
PT Asuransi Askrida Syariah	2017	—
PT Asuransi Chubb Syariah Indonesia	2010	—
PT Asuransi Jasindo Syariah	2016	—
PT Asuransi Sonwelis Takaful	2015	—
PT Asuransi Takaful Umum	1995	—
PT Zurich General Takaful Indonesia	2021	—

Firm	Licensed	Province
PT Asuransi Askrida Syariah	2017	—
PT Asuransi Chubb Syariah Indonesia	2010	—
PT Asuransi Jasindo Syariah	2016	—
PT Asuransi Sonwelis Takaful	2015	—
PT Asuransi Takaful Umum	1995	—
PT Zurich General Takaful Indonesia	2021	—

What you’ll need to operate under KBLI 65122

Foreign investment rules

Fully open to foreign investment

Higher minimum capital required by OJK

How we handle your KBLI 65122 setup

Confirm the optimal structure for your business

Incorporate your PT PMA

Licensing requirements in detail

Application requirements

Ongoing obligations

Issuing authority

Related codes in General Insurance

Get your KBLI 65122 setup handled end-to-end.

Quick Links

Resources

Yes — open to PMA up to 100%.

What's specific to this sector

KBLI 65122 at a glance

What you’ll need to operate under KBLI 65122

Foreign investment rules

Fully open to foreign investment

Higher minimum capital required by OJK

How we handle your KBLI 65122 setup

Confirm the optimal structure for your business

Incorporate your PT PMA

Licensing requirements in detail

Application requirements

Ongoing obligations

Issuing authority

OJK-licensed firms in this category

New PPE Khusus licences per year

Related codes in General Insurance

Get your KBLI 65122 setup handled end-to-end.

We obtain your NIB

Secure your full Operating License (Izin)

Hand-off to ongoing compliance

What is KBLI 65122?

Who needs KBLI 65122?

Why does the code matter?

Under the upcoming KBLI 2025

Carried forward into KBLI 2025

Risk level by business scale

Micro

Small

Medium

Large

Common questions about KBLI 65122

What is KBLI 65122?

Can foreign investors operate under KBLI 65122?

What is the risk level of KBLI 65122?

What licenses does KBLI 65122 require?

What is the minimum capital for a PT PMA under KBLI 65122?

How long does it take to register a business under KBLI 65122?

Is KBLI 65122 eligible for Indonesian tax incentives?

Which authority issues the KBLI 65122 license?

What other permits beyond the NIB does KBLI 65122 need?

What KBLI codes are similar to 65122?

OJK-licensed firms in this category

New PPE Khusus licences per year