Company Information

Get to know WanaArtha Life

Founded in 1974, PT Asuransi Jiwa Adisarana Wanaartha, publicly known as WanaArtha Life, was a life insurance company based in Indonesia. It offered a range of insurance products, including life, health, and investment-linked policies (unit-link). The company faced severe financial difficulties and a major public scandal starting around 2020, where it failed to pay out matured policies to thousands of customers. Following an investigation, Indonesia's Financial Services Authority (OJK) determined the company was insolvent and could not meet its obligations, leading to the official revocation of its business license in December 2022 and the initiation of a liquidation process.

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WanaArtha Life

Indonesia

Founded in

1974 (52 Years)

Founded

Last online: No recent activity

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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.