In 2021, the Minister of Manpower (“Minister”) introduced Regulation (“Regulation 5/2021”) No. 5 of 2021 on Procedures for the Organization of the Work-Accident Insurance (Jaminan Kecelakaan Kerja – “JKK”), Life Insurance (Jaminan Kematian – “JKM”) and Old-Age Benefit (Jaminan Hari Tua – “JHT”) Programs. As its title indicates, Regulation 5/2021 established a set of guidelines for the registration, reporting and determination of JKK, JKM and JHT (collectively referred to as “Insurance Programs”) memberships. It should be noted that Regulation 5/2021 was briefly analyzed in the following edition of Indonesian Legal Brief (“ILB”): “Government Updates Procedures on the Implementation of Work-Related Insurance”.
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