Indonesia's Financial Services Authority (OJK) issued a press release on a public lecture by its Executive Head for Insurance, Guarantee and Pension Fund Supervision (PPDP), Ogi Prastomiyono, at the University of Jember, positioning insurance literacy for young people as a foundation for risk protection and healthier financial decision-making. The update frames insurance as a tool to transfer potential financial losses to insurers, supporting household financial stability, while noting that stronger literacy and inclusion are still needed. OJK cited the 2025 National Survey of Financial Literacy and Inclusion (SNLIK), which put the insurance literacy index at 45.45% and the insurance inclusion index at 28.50%. The event included a panel discussion with industry associations on topics including financial literacy, risk protection, product innovation and strengthening sharia finance, and drew more than 300 participants. As part of the programme, the University of Jember signed cooperation agreements with Asuransi Central Asia (ACA) and the Indonesian Life Insurance Association (AAJI), including the introduction of the Harry Dyah Scholarship for students writing life insurance theses, and collaboration areas spanning education, research, human capital development, and applied academic activities.
OJK 2026-02-13
Indonesia's Financial Services Authority promotes youth insurance literacy and highlights a persistent gap in insurance inclusion
Indonesia's Financial Services Authority (OJK) emphasized insurance literacy's importance for youth in a University of Jember lecture, highlighting its role in risk protection and financial stability. The event, featuring a panel discussion and cooperation agreements with industry associations, revealed insurance literacy and inclusion indices of 45.45% and 28.50%, respectively, from the 2025 National Survey of Financial Literacy and Inclusion.