{
    "success": true,
    "data": {
        "id": 1884423,
        "msgid": "ojk-overhauls-unit-linked-insurance-rules-here-are-the-details-1785160362",
        "date": "2026-07-27 19:50:00",
        "title": "OJK Overhauls Unit-Linked Insurance Rules, Here Are the Details",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Financial Services Authority (OJK) is drafting a new regulation for unit-linked insurance products (PAYDI), targeting completion by the end of 2026. The revised rules will focus on strengthening marketing provisions to mitigate mis-selling risks and enhance consumer protection, including exploring digital recording mechanisms. The PAYDI segment remains a key driver for the life insurance industry, with premiums rising 13.71% year-on-year to IDR 18.79 trillion as of May 2026.",
        "content": "<p>The Financial Services Authority (OJK) is currently drafting a new\nOJK Regulation concerning Insurance Products Linked to Investment (RPOJK\nPAYDI). The regulation is targeted for completion by the end of\n2026.<\/p>\n<p>Chief Executive of Insurance, Guarantee, and Pension Fund Supervision\n(PPDP) Ogi Prastomiyono stated that the process is currently at the\ndrafting stage before consultations and requests for input from\nstakeholders are conducted.<\/p>\n<p>\u2018One of the aspects of concern in the RPOJK is the strengthening of\nprovisions regarding the marketing of PAYDI products, including efforts\nto mitigate the risk of mis-selling and enhance consumer protection,\u2019 he\nsaid in a written statement on Monday.<\/p>\n<p>Regarding the recording mechanism in the marketing process, the OJK\nis still conducting a study to formulate proportional regulations that\ncan strengthen risk management aspects without imposing excessive\nburdens on the industry.<\/p>\n<p>\u2018In its formulation, the OJK is also considering various alternative\nmechanisms that are more effective and efficient, including the use of\ndigital media such as pre-recorded videos or other forms of\ndocumentation that can still support consumer understanding of the\ncharacteristics, benefits, costs, and risks of PAYDI products before a\npurchase decision is made,\u2019 he explained.<\/p>\n<p>In terms of performance, as of May 2026, the PAYDI or unit-linked\nbusiness line continued to show a positive trend. Premium income was\nrecorded at IDR 18.79 trillion, an increase of 13.71% year-on-year\n(yoy).<\/p>\n<p>In terms of composition, the PAYDI business line remains one of the\nmain contributors to the life insurance industry, with a 24.47% share of\nthe total life insurance premium income, which reached IDR 76.79\ntrillion.<\/p>\n<p>Going forward, the OJK hopes that insurance companies will continue\nto ensure that PAYDI products are marketed transparently, in accordance\nwith the risk profile and needs of customers, so that the resulting\ngrowth can occur in a sound and sustainable manner.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-overhauls-unit-linked-insurance-rules-here-are-the-details-1785160362",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}