Government Updates Procedures on the Implementation of Work-Related Insurance

The Minister of Manpower (“Minister”) recently issued Regulation No. 5 of 2021 on Procedures for the Implementation of Work-Accident Insurance, Life Insurance and Old-Age Benefit Programs (“Regulation 5/2021”) in an effort to update the outdated legal frameworks that previously addressed the organization of the government's Work-Accident Insurance (Jaminan Kecelakaan Kerja – “JKK”), Life Insurance (Jaminan Kematian – “JKM”) and Old-Age Benefit (Jaminan Hari Tua – “JHT”) programs. As such, Regulation 5/2021 has now repealed and replaced the following regulations: