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Regulation of the Board of Commissioners of the Financial Services Authority Number 46/PADK.05/2025 Concerning General Insurance, Sharia General Insurance, Life Insurance, and Sharia Life Insurance Business Lines
The Financial Services Authority (OJK) issued Regulation No. 46/PADK.05/2025 to classify and standardize business lines for general, Sharia general, life, and Sharia life insurance companies in compliance with POJK No. 69/POJK.05/2016 as amended by POJK No. 36 of 2024. The regulation mandates that general insurance operations be conducted across 21 specific categories, including property, motor vehicle, marine, aviation, engineering, health, and credit insurance. Additionally, it requires life insurance operations to be organized into 13 distinct lines, such as term life, endowment, whole life, annuity, and credit life insurance.
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Regulation of the Board of Commissioners
Financial Services Authority
Number 46/PADK.05/2025 concerning General Insurance, Sharia General Insurance, Life Insurance, and Sharia Life Insurance Business Lines


Abstract:
The background for the formulation of this Regulation of the Board of Commissioners of the Financial Services Authority is to follow up on the mandate of Article 3A paragraph (2) of POJK Number 69/POJK.05/2016 concerning the Conduct of Business by Insurance Companies, Sharia Insurance Companies, Reinsurance Companies, and Sharia Reinsurance Companies, as amended by POJK Number 36 of 2024 concerning Amendments to POJK Number 69/POJK.05/2016 concerning the Conduct of Business by Insurance Companies, Sharia Insurance Companies, Reinsurance Companies, and Sharia Reinsurance Companies, which requires the regulation of classification and standardization of business lines in general insurance, Sharia general insurance, life insurance, and Sharia life insurance.
The legal basis for this Regulation of the Board of Commissioners of the Financial Services Authority is: POJK No. 69/POJK.05/2016 as amended by POJK No. 36 of 2024.
The substantive provisions regulated include among others:


    

  1. General provisions;
    2. 

  2. General insurance and Sharia general insurance business lines; and
    3. 

  3. Life insurance and Sharia life insurance business lines.
The business activities of general insurance companies and Sharia general insurance companies must be conducted in accordance with the types of general insurance business lines as follows:
    4. 

  4. property insurance;
    5. 

  5. motor vehicle insurance;
    6. 

  6. third party liability insurance for motor vehicles;
    7. 

  7. cargo insurance;
    8. 

  8. marine hull insurance;
    9. 

  9. marine liability insurance;
    10. 

  10. aviation hull insurance;
    11. 

  11. satellite insurance;
    12. 

  12. onshore energy insurance (oil and gas);
    13. 

  13. offshore energy insurance (oil and gas);
    14. 

  14. engineering insurance;
    15. 

  15. liability insurance;
    16. 

  16. personal accident insurance;
    17. 

  17. health insurance;
    18. 

  18. credit insurance / Sharia financing;
    19. 

  19. trade credit insurance;
    20. 

  20. suretyship / Sharia suretyship;
    21. 

  21. PAYDI;
    22. 

  22. travel insurance;
    23. 

  23. moveable all risk insurance; and
    24. 

  24. miscellaneous insurance.
The business activities of life insurance companies and Sharia life insurance companies must be conducted in accordance with the types of life insurance business lines as follows:
    25. 

  25. single premium life insurance;
    26. 

  26. term life insurance;
    27. 

  27. endowment insurance;
    28. 

  28. combination endowment insurance;
    29. 

  29. whole life insurance;
    30. 

  30. combination whole life insurance;
    31. 

  31. general annuity insurance;
    32. 

  32. pension fund annuity insurance;
    33. 

  33. personal accident insurance;
    34. 

  34. health insurance;
    35. 

  35. credit life insurance / Sharia financing;
    36. 

  36. PAYDI; and
    37. 

  37. other insurance.
Note:
This Regulation of the Board of Commissioners of the Financial Services Authority takes effect on the date it is established.
This Regulation of the Board of Commissioners of the Financial Services Authority was established on December 23, 2025.
    38. 

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