Insight
Pulse Survey: Mental health benefits
Survey: Since the pandemic began, 66% of employers report increased use of mental health resources offered through their benefits plan, and 62% indicate a significant spike in claim costs
Asia e-Alert
Indonesia - New regulations impacting unit-linked business
By Farzana Ismail and Joshua Winata
06 June 2022
In March, the Indonesian Financial Services Authority (OJK) outlined new regulations for unit-linked business in the life insurance market. The regulations seek to enhance the level of transparency and protection accorded to policyholders after numerous customer complaints and disputes. This e-Alert discusses the transition period and key changes, such as:
- Higher minimum capital and the increase for minimum sum assured
- Banning guarantees and removal of waiting period
- Active premium holidays, premium adequacy, and minimum premium allocation
- Investment limits
- Market process and sales disclosures
Explore more tags from this article
About the Author(s)
INSIGHT
Related Milliman Insight
Contact us
We’re here to help you break through complex challenges and achieve next-level success.