Company Information

Get to know Jiwasraya

Founded in 1859, PT Asuransi Jiwasraya (Persero) is Indonesia's first and one of its oldest state-owned life insurance companies. For over a century, it provided a range of insurance products, including life, health, and investment-linked plans, to the Indonesian public. However, in late 2018, the company defaulted on its high-yield "JS Saving Plan" policies, triggering one of Indonesia's largest financial scandals. Subsequent investigations revealed widespread corruption and fraudulent investments, leading to massive state losses and the conviction of its former executives. As a result, the Indonesian government initiated a comprehensive restructuring program, which involves transferring all eligible policies to a newly established state-owned entity, IFG Life, to ensure policyholders' rights are protected.

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Jiwasraya

Indonesia

Founded in

31 Dec 1859 (166 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.