ANALYSIS OF THE EFFECTIVENESS OF INSURANCE POLICY GUARANTEES BY THE DEPOSIT INSURANCE CORPORATION (LPS) IN INCREASING POLICYHOLDER PROTECTION IN INDONESIA
DOI:
https://doi.org/10.55583/jkih.v4i2.1723Keywords:
Institution, Guarantor, Policy, InsuranceAbstract
This study was conducted to review the effectiveness of the Policy Guarantee Institution by the Deposit Insurance Corporation. The addition of the authority of the Deposit Insurance Corporation based on Law No. 4 of 2023 can cause problems. The consolidation of policy guarantee authority to the Deposit Insurance Corporation, which previously only guaranteed banking customers in accordance with Law No. 24 of 2004 concerning the Deposit Insurance Corporation, has an impact on the ineffectiveness in carrying out its duties. The purpose of this study is to determine how the policy guarantee institution is regulated in insurance companies in Indonesia and secondly, how effective the policy guarantee carried out by the Deposit Insurance Corporation. The method used in this study is normative juridical with a statutory regulatory approach. The results of this study indicate that the regulation of the Policy Guarantee Institution does not exist even though it has been mandated in Law Number 40 of 2014 concerning Insurance. The absence of regulations related to the Policy Guarantee Institution in insurance companies in Indonesia results in ineffectiveness and public distrust of insurance companies, so that regulations related to the Policy Guarantee Institution in insurance companies in Indonesia are needed.
References
Adelia, M., Arsyadona, A., Tafana, A., Marwah, S., & Andika, B. (2024). Menimbang Efektivitas Asuransi Sebagai Instrumen Perlindungan Finansial “Apakah Risiko Dan Manfaat Seimbang?” JURNAL AKADEMIK EKONOMI DAN MANAJEMEN, 1(4), 394–405. https://doi.org/10.61722/jaem.v1i4.3442
Adri, & Febriani, E. (2025). Arah Strategi Manajemen Keuangan Syariah Di Indonesia: Tinjauan Model Teoritis Dan Aplikasi Praktis. Krigan: Journal of Management and Sharia Business, 3(1), 32–52. https://doi.org/10.30983/krigan.v3i1.9359
Agarwal, N., Krishnan, R., & Weiler, L. (2024). Institutional Theory and Hybrid Accounting and Control Systems. Journal of Management Accounting Research, 36(1), 1–26. https://doi.org/10.2308/JMAR-2023-024
Alfian, M. F., Azwandi, A. Y., & Kurniati. (2025). Falsafah Dan Hikmah Asuransi: Perspektif Filosofis Dan Etis Dalam Perlindungan Risiko. Al-Istinbath : Jurnal Ilmu Hukum Dan Hukum Keluarga Islam, 2(4), 343–353. https://doi.org/10.71242/dvn7jy06
Annazali, A. H., & Wahyudi, S. T. (2025). The Role Of Digital Technology In Poverty Reduction: Opportunities And Challenges Towards Sustainable Development. Jurnal Kajian Ilmu Hukum, 4(2), 247–269. https://doi.org/10.55583/jkih.v4i2.1682
Arshadi, N., & Dombrowski, T. (2026). Applications and Management of Blockchain Technologies in Financial Services. Journal of Risk and Financial Management, 19(3). https://doi.org/10.3390/jrfm19030224
AUBERLET, J.-M., BHASKAR, A., CIUFFO, B., FARAH, H., HOOGENDOORN, R., & LEONHARDT, A. A. (2014). Data collection techniques. In Traffic Simulation and Data. CRC Press.
Caesar, C., Nugroho, H., Budiyono, & Sulistyandari. (2025). Reconstructing the Meaning of State Losses in Corruption Crimes: A Progressive Legal Perspective. Architecture Image Studies, 6(3), 1823–1834. https://doi.org/10.62754/ais.v6i3.524
Darnia, M. E., Maimunajib, M., Meidiani, A., Mahfuzoh, A., Waruwu, R., Johansyah, T., & Sutomo, A. (2023). Asuransi Dalam Perdagangan Internasional. Innovative: Journal Of Social Science Research, 3(5), 7498–7505.
Dewi, K. A. P. (2025). Regulasi Penyelenggaraan Polis Digital dalam Kerangka Perlindungan Hukum Bagi Perusahaan Asuransi dan Nasabah. Jurnal Preferensi Hukum, 6(2), 245–254. https://doi.org/10.22225/jph.6.2.2025.245-254
Etikan, I. (2016). Comparison of Convenience Sampling and Purposive Sampling. American Journal of Theoretical and Applied Statistics, 5(1), 1. https://doi.org/10.11648/j.ajtas.20160501.11
Fajrina, R. N., & Waspiah, W. (2021). Supervision by the Financial Services Authority on Investment-Based Life Insurance (Unit Link). Unnes Law Journal, 7(1), 1–22. https://doi.org/10.15294/ulj.v7i1.38703
Fauzi, W. (2023). Investment-Based Insurance Dispute Prevention (Unitlink) In Indonesia. UNES Law Review, 5(3), 1003–1012. https://doi.org/10.31933/unesrev.v5i3.435
Fedorowicz-Kruszewska, M. (2021). Green library as a subject of research – a quantitative and qualitative perspective. Journal of Documentation, 78(4), 912–932. https://doi.org/10.1108/JD-08-2021-0156
Gao, R., Yu, D., Gao, B., Hua, H., Hui, Z., Gao, J., & Yin, C. (2025). Legal regulation of AI-assisted academic writing: Challenges, frameworks, and pathways. Frontiers in Artificial Intelligence, 8. https://doi.org/10.3389/frai.2025.1546064
GIOVANI, G. (2024). Analisis Hukum Penyelenggaraan Program Penjaminan Polis Asuransi Berdasarkan Undang-Undang Republik Indonesia Nomor 4 Tahun 2023 Tentang Pengembangan Dan Penguatan Sektor Keuangan (Masters, Universitas Islam Sultan Agung Semarang). Universitas Islam Sultan Agung Semarang. Retrieved from https://repository.unissula.ac.id/38334/
Harefa, S. (2025). The Integration of Governance Theory in the Development of Equitable Legal Policies. Journal Governance Society, 2(3), 134–148. https://doi.org/10.69812/jgs.v2i3.188
Hartati, W. (2015). Juridical Study On The Transformation Of PT. Askes (Persero) Into The Social Insurance Management Agency On Health. Jurnal IUS Kajian Hukum Dan Keadilan, 3(3). https://doi.org/10.12345/ius.v3i9.265
Hazhin, U. M., & Diaz, M. R. (2022). Efektivitas Bentuk Perlindungan Hukum terhadap Pemegang Polis Asuransi Jiwa Kresna Pasca Putusan Kasasi. Negara Hukum: Membangun Hukum Untuk Keadilan Dan Kesejahteraan, 13(2), 209–226. https://doi.org/10.22212/jnh.v13i2.3345
Khorvatova, O., Lisovska, Y., Malovatskyi, O., & Bieliavska, S. (2025). Legal Nature of an Insurance Contract in the Context of Securing the Health and Life of Borrowers: Current Challenges and Prospects. https://doi.org/10.1163/15718093-bja10157
Kusuma, S. E. (2025). Microfinance Plus: Strategi Inklusif Untuk Pengentasan Kemiskinan dan Keberlanjutan Lembaga. Sanata Dharma University Press.
Levitt, H. M. (2021). Qualitative generalization, not to the population but to the phenomenon: Reconceptualizing variation in qualitative research. Qualitative Psychology, 8(1), 95–110. https://doi.org/10.1037/qup0000184
Linnerooth-Bayer, J., Surminski, S., Bouwer, L. M., Noy, I., & Mechler, R. (2019). Insurance as a Response to Loss and Damage? In R. Mechler, L. M. Bouwer, T. Schinko, S. Surminski, & J. Linnerooth-Bayer (Eds), Loss and Damage from Climate Change: Concepts, Methods and Policy Options (pp. 483–512). Cham: Springer International Publishing. https://doi.org/10.1007/978-3-319-72026-5_21
M.H, D. A. J. G., S. E. ,. S. H. (2023). Hukum Asuransi Indonesia. Sinar Grafika.
Miles, M. B., & Huberman, A. M. (1984). Drawing Valid Meaning from Qualitative Data: Toward a Shared Craft. Educational Researcher, 13(5), 20–30. https://doi.org/10.3102/0013189X013005020
Mumi, A., Joseph, G., & Quayes, S. (2020). Organizational and legal institutions, and the performance of microfinance institutions as hybrid entities. Journal of Accounting & Organizational Change, 16(3), 285–309. https://doi.org/10.1108/JAOC-02-2020-0022
Nugraha, D. R., Olivia, R. V., Fransisko, R., & Satmaidi, E. (2026). Reformasi Sektor Keuangan Dalam Perspektif Hukum Keuangan Negara Berdasarkan Undang-Undang Nomor 4 Tahun 2023 Tentang Pengembangan Dan Penguatan Sektor Keuangan. Jurnal Analisis Hukum dan Kebijakan, 7(1). Retrieved from https://ejurnals.com/ojs/index.php/jahk/article/view/4790
Peng, Y.-L., Li, Y., Cheng, W.-Y., & Wang, K. (2024). Evaluation and Optimization of Sense of Security during the Day and Night in Campus Public Spaces Based on Physical Environment and Psychological Perception. Sustainability, 16(3). https://doi.org/10.3390/su16031256
Prasetio, D. E., Masnun, M. A., & Noviyanti, N. (2025). Post-Election Reconciliation in 2024 as a Constitutional Convention in Indonesia: A Progressive Legal Culture Perspective. Jambura Law Review, 7(1), 176–196. https://doi.org/10.33756/jlr.v7i1.26999
Pratama, R. I. F. (2020). Pertanggung Jawaban Otoritas Jasa Keuangan Dalam Kasus Gagal Bayar Polis Asuransi Pt Jiwasraya (PERSERO). Retrieved from https://dspace.uii.ac.id/handle/123456789/26786
Rahmaliya, B., Huda, M. C., & Samson, N. A. T. (2026). Accommodation Licensing Compliance in Halal Tourism Development: Evidence from Dieng Plateau, Indonesia. Create: Journal of Islamic Management and Business, 2(1), 34–47. https://doi.org/10.59373/create.v2i1.302
Rahman, A. P., & Pratama, A. P. R. (2023). Tanggung Gugat Reasuransi Terhadap Perusahaan Asuransi Yang Tidak Terbayarkan. UNES Law Review, 5(3), 897–907. https://doi.org/10.31933/unesrev.v5i3.424
Ramadhani, C., Saputra, A., Triputri, S. M., & Irhas, M. (2025). Sinergi Keuangan Digital Dan Pembiayaan Syariah Untuk Transisi Menuju Ekonomi Hijau Model Pembiayaan Dan Tantangan Implementasi. Journal of Economics and Business, 3(2), 221–231. https://doi.org/10.61994/econis.v3i2.1431
Riaz, S. (2009). The global financial crisis: An institutional theory analysis. Critical Perspectives on International Business, 5(1–2), 26–35. https://doi.org/10.1108/17422040910938668
Salsabila, F. N., Wahjuni, E., & Adonara, F. F. (2025). Legal Protection for Policy Holders of Life Insurance Berhad Bumiputera 1912 Due to Default. MIMBAR YUSTITIA : Jurnal Hukum Dan Hak Asasi Manusia, 9(1), 1–14. https://doi.org/10.52166/mimbar.v9i1.6946
Samson, N. A. T., & Warits, A. (2025). From Family Law to Financial Disputes: Expanding the Role of Indonesia’s Religious Courts in the Sharia Economy. Santara: Journal of Islamic Law and Humanity, 1(2), 76–90. https://doi.org/10.59373/santara.v1i2.231
Sujana, I. G., Santika, I. G. N., Karmani, G., & Mesa, J. (2025). Integrasi Prinsip-Prinsip Pancasila dalam Perumusan Kebijakan Hukum Nasional. IJOLARES: Indonesian Journal of Law Research, 3(2), 66–74. https://doi.org/10.60153/ijolares.v3i2.215
Syafitri, Y. (2023). Implikasi Penerbitan Omnibus Law Undang-Undang Nomor 4 Tahun 2023 tentang Pengembangan dan Penguatan Sektor Keuangan (UU P2SK) Terhadap Peran Otoritas Jasa Keuangan (OJK) dalam Sektor Keuangan. UNES Law Review, 6(1), 860–867. https://doi.org/10.31933/unesrev.v6i1.893
Syah, D., Hayati, W., Lubis, D., Rahmadani, G., & Ry, A. A. (2025). Legal Protection For Consumers In Agreements Life Insurance Due To Bad Faith By A Company Insurance In Conducting Its Business. Jurnal Pengabdian Masyarakat Hablum Minannas, 4(2), 53–63. https://doi.org/10.47652/jpkmhm.v4i2.949
Utomo, H. (2024). Peran Pemerintah Dalam Pendanaan Penjaminan Polis Asuransi. Deepublish.
Wisnubroto, A., & Tegnan, H. (2025). Preventing AI Crime Towards A New Legal Paradigm: Lessons From United States. Journal of Human Rights, Culture and Legal System, 5(2), 630–658. https://doi.org/10.53955/jhcls.v5i2.606
