Jakarta - The Financial Services Authority OJK  has granted a business license in life insurance with sharia principles to PT Prudential Sharia Life Assurance.

The permit is based on the Decision of the OJK Board of Commissioners number KEP-16/D.05/2022 dated March 11, 2022, regarding the Granting of Business Licenses in the Life Insurance Sector with Sharia Principles to PT Prudential Sharia Life Assurance.​

The granting of a business license to PT Prudential Sharia Life Assurance in the field of life insurance with sharia principles is effective as of the date of the stipulation of the decision of the Board of Commissioners.

"Furthermore, Prudential Indonesia and Prudential Sharia will take transitional steps, including the transfer of the sharia membership portfolio from Prudential Indonesia to Prudential Sharia in accordance with the provisions of the regulations, "said Prudential Life Assurance President Director Michelina Laksmi T