The Indonesia Deposit Insurance Corporation (LPS) is targeting the\ninsurance policy guarantee programme to become active by 2027.\nCurrently, the LPS is preparing the LPS Regulation (PLPS) to serve as\nthe legal basis for the programme\u2019s implementation.<\/p>\n
LPS Board of Commissioners Chairman, Anggito Abimanyu, stated that\npreparations for the insurance policy guarantee are ongoing.\nImplementation also remains dependent on the issuance of Government\nRegulations (PP) and coordination with the Financial Services Authority\n(OJK) and the Ministry of Finance.<\/p>\n
\u201cWe are currently preparing the PLPS to facilitate registration,\u201d\nAnggito said during a press conference at the Lampung Financial Festival\n(Lampung Finfest) 2026 in Bandar Lampung on Friday night (4\/9\/2026).<\/p>\n
Anggito explained that the LPS membership mechanism for insurance\ncompanies will differ from that of the banking sector. While banks are\nmandatory members of the LPS, insurance companies must meet specific\nrequirements to participate in the guarantee scheme.<\/p>\n
\u201cFor banks, membership in the LPS is compulsory. For insurance, it is\nnot; there are certain requirements,\u201d he noted.<\/p>\n
According to Anggito, these requirements involve capital conditions\nand the Risk-Based Capital (RBC) adequacy ratio. \u201cIt involves capital,\nRBC, capital adequacy, and other factors. We are currently formulating\nthese,\u201d he said.<\/p>\n
LPS hopes the insurance policy guarantee programme can begin\noperating in 2027. However, Anggito emphasised that implementation\nrequires coordination with the OJK and the government. \u201cTherefore, we\nhope activation can occur by 2027. We hope so, because we are not\nworking alone. We must reach an agreement, particularly with the OJK and\nalso the Ministry of Finance as the government,\u201d he added.<\/p>\n
Anggito mentioned that the deadline for the programme\u2019s\nimplementation is January 2028 at the latest, though LPS hopes it can be\nimplemented sooner. \u201cThe final deadline is January 2028. We hope it can\nbe active by mid-year,\u201d said Anggito.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/lps-prepares-insurance-policy-guarantee-targeting-2027-activation-1788609315", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }