Insurance and risk management for Korean Expatriate, before move in to Indonesia

If you’ve been in Indonesia for the past 90 days—or are planning a longer stay for business or relocation—you may already be feeling the energy and opportunity this dynamic country offers. However, with that opportunity comes a new landscape of risks that can impact your health, assets, and business operations if left unaddressed.

Whether you’re a Korean professional, entrepreneur, or corporate decision-maker, understanding Indonesia’s insurance requirements and risk environment is essential. This guide will help you identify the protection you need and provide actionable steps to safeguard your life and investments during your stay.

Why Insurance Is Essential for Koreans Living in Indonesia?

Indonesia is a vibrant, rapidly developing country—but it also comes with realities that differ from life in South Korea. Infrastructure limitations, natural disasters, and gaps in public healthcare can all create vulnerabilities for long-term visitors or expatriates.

If you’ve recently arrived or plan to stay for an extended period, here’s what you should prioritize:

Health Insurance with Emergency Coverage

Indonesia’s public healthcare system (BPJS Kesehatan) is limited in scope and quality, especially outside major cities like Jakarta and Surabaya. Private international health insurance is not just recommended—it’s a necessity. Look for plans that offer:

• Inpatient & outpatient coverage
• Emergency medical evacuation to Singapore or Korea
• Repatriation in case of severe illness or accident
• Direct billing arrangements with top Indonesian hospitals

Private hospitals such as Siloam, Mayapada, or International SOS often require upfront payment unless your insurance is globally recognized.

Protecting Property and Personal Belongings

Additionally, cases of burglary and petty theft, particularly in urban areas, make property insurance a wise decision.
If you’re renting a furnished apartment or owning a home, ensure your policy covers:

• Damage from natural disasters (earthquake, fire, flood)
• Theft and vandalism
• Loss of personal items, such as electronics or valuables
• Third-party liability (e.g., if a guest is injured in your residence)

Make sure the property management firm or rental platform you use can connect you with trustworthy insurers. If you’re working with providers like RichwellProperty.com, you may even be advised on location-specific risks before signing a lease.

For Businesses: Mandatory and Strategic Insurance Types

If you’re part of a company setting up operations, or if you’ve been assigned to a leadership role for a Korean business operating in Indonesia, insurance takes on a broader, strategic role.

Key coverage includes:

Employee Health Coverage (BPJS & Private)

Indonesia mandates enrollment in the BPJS Kesehatan public insurance scheme for all employees, including expatriates. However, its limitations make top-up private insurance plans essential to attract and protect skilled talent.

Public Liability Insurance

Covers legal liability for bodily injury or property damage to third parties. This is especially important for businesses operating in physical spaces such as factories, offices, or retail outlets.

Business Interruption Insurance

Due to natural disasters or political disruptions, business interruption coverage can protect income and expenses during forced closures or repair periods.

Professional Indemnity Insurance

Important for Korean firms offering consulting, engineering, or financial services, this protects against claims of negligence or errors in professional advice.

How to Get Started with Insurance in Indonesia

You can begin by reaching out to globally recognized insurers with a presence in Indonesia, such as:

• AIA Indonesia
• Allianz Indonesia
• AXA Mandiri
• Cigna Global
• Pacific Cross

Additionally, for personalized property protection or relocation advice, trusted platforms like RichwellProperty.com can offer guidance or refer you to brokers who specialize in expat insurance solutions.

Final Thought

As trade and business ties between South Korea and Indonesia strengthen, more Korean nationals are finding both short-term and long-term opportunities here. However, to truly thrive, it’s important to go beyond logistics and focus on protection.

With the right insurance and a proactive risk management approach, you can confidently navigate your life, business, and investments in Indonesia.