Lembaga Penjamin Simpanan

What Lembaga Penjamin Simpanan does

Lembaga Penjamin Simpanan (LPS) is an independent statutory government institution (Lembaga Negara) established in 2005 under Indonesian law and headquartered in Jakarta, Indonesia. It operates as the country's sole deposit insurance corporation, guaranteeing bank customer deposits up to Rp2 billion per depositor per bank at all participating commercial banks (Bank Umum) and rural banks (BPR/BPRS) — a mandate that, as of March 2026, extended full coverage to 661.20 million accounts, or 99.94% of all Indonesian deposit accounts, backed by Rp10,250 trillion in nominal deposits across 105 commercial banks reporting into LPS's integrated deposit data system.

LPS's core products center on three pillars: (1) deposit insurance (Penjaminan Simpanan), (2) bank resolution and liquidation (Penanganan Bank/Resolusi Bank), and (3) an emerging insurance policy guarantee line (Penjaminan Polis Asuransi) mandated under UU P2SK and taking effect January 2028. The technology stack includes a Digital Claim Settlement Platform (Layanan Klaim Penjaminan Simpanan Digital) launched in 2026 to accelerate claim payments for liquidated-bank customers, a Single Customer View (SCV) application that consolidates per-customer deposit reporting, a public legal-documentation portal (JDIH LPS), an asset-auction platform (lelang.lps.go.id), a quarterly Tingkat Bunga Penjaminan (TBP) rate-calculation tool, and a multi-year IT Blueprint modernization program covering 2027–2031. Distribution is executed through 105 commercial banks, hundreds of BPR/BPRS, two regional representative offices (Sumatera and Bali/NTB/NTT/Kalimantan), call center 154, WhatsApp, and a digital self-serve portal at apps.lps.go.id.

Funding derives from two streams: insurance premiums collected from participating banks (Bank Umum and BPR/BPRS, tiered by deposit type and currency) and Indonesian government budget allocation (APBN). Revenue is not publicly disclosed. The institution's customer surface is two-sided — participating banks as premium-paying regulated entities, and 661+ million retail depositors as mandated beneficiaries of the guarantee — supported by extensive public-education and financial-literacy programs executed through university partnerships (UNHAS, Universitas Sam Ratulangi, UGM), media workshops, and community events.

Name

Lembaga Penjamin Simpanan

Legal name

Lembaga Penjamin Simpanan

Website

https://lps.go.id

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Lembaga Penjamin Simpanan (LPS) is Indonesia's statutory deposit insurance corporation, guaranteeing bank deposits up to Rp2 billion per depositor per bank across 105 participating commercial banks and hundreds of BPR/BPRS, while also executing bank resolution and preparing an Insurance Policy Guarantee Program effective January 2028.

Ownership category

akta.pro rank

Product category

Deposit Insurance

NAICS

Other Insurance Funds (525190), Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAJAFAB

Mid-Market Commercial Package (Package Policies)

Financial & Insurance/Insurance — Motor, Property & Casualty/Commercial Package / Business Owners Policies (BOP)

Keywords

• Deposit insurance
• Bank resolution
• Financial stability
• Bank liquidation
• Insurance guarantee

Headquarters

HQ city

Dki Jakarta

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Premiums from Banks: LPS collects premiums from participating banks (Bank Umum and BPR/BPRS) as the primary source of funds for the deposit insurance program. Banks pay premiums based on their deposit liabilities.
2. Government Budget Allocation: As a state institution, LPS receives funding through the Indonesian government's annual state budget (APBN) to support operational activities and mandate fulfillment.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Lembaga Penjamin Simpanan (LPS) is Indonesia's statutory deposit insurance corporation that guarantees bank customer deposits up to Rp2 billion per depositor per bank at all participating commercial and rural banks. It also performs bank resolution and liquidation for failed banks, processes depositor claims, auctions liquidated bank assets, and from January 2028 will administer an insurance policy guarantee program under UU P2SK.

Product overview

Lembaga Penjamin Simpanan (LPS) is Indonesia's statutory deposit insurance corporation offering a portfolio of interconnected financial stability services organized around three core mandates: deposit insurance (Penjaminan Simpanan), bank resolution/liquidation (Penanganan Bank/Resolusi Bank), and insurance policy guarantees (Penjaminan Polis Asuransi). The core product is the deposit insurance program, which guarantees customer deposits up to Rp2 billion per customer per bank at all participating banks. Supporting the core insurance function, LPS operates a bank resolution service that manages the liquidation of banks whose licenses are revoked, handling customer claims, asset auctions, and payments. A newly mandated insurance policy guarantee program (effective January 2028) will extend coverage to insurance policies. Across its portfolio, LPS offers digital services including an LPS Applications portal (apps.lps.go.id), a digital claim processing platform, a deposit simulation calculator, a legal documentation portal (JDIH LPS), and a public asset auction portal (lelang.lps.go.id). Research and data products include periodic Financial Market Indicator reports, Research Digest publications, Consumer Savings and Confidence Indices, and deposit distribution statistics.

Differentiator

Problem solved

Functional benefit

Products and services

• Penjaminan Simpanan (Deposit Insurance Program)
• Penanganan Bank / Resolusi Bank (Bank Resolution and Liquidation)
• Penjaminan Polis Asuransi (Insurance Policy Guarantee Program)

Quantifiable outcome

• 661.20 million deposit accounts guaranteed (99.94% of total accounts with full coverage)
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Universitas Hasanuddin (UNHAS)coreStrategic or Co-development Partner · 16 October 2024LPS and Universitas Hasanuddin (UNHAS) signed a Memorandum of Understanding (Perjanjian Kerja Sama) regarding Competency Development, Research, and Socialization Related to LPS Functions, Duties, and Authorities. The partnership aims to strengthen human capital and disseminate knowledge about deposit insurance and financial literacy to the public.
• Universitas Sam RatulangicoreStrategic or Co-development Partner · 1 January 2024LPS continued its partnership with Universitas Sam Ratulangi to support education and research activities related to financial stability and deposit insurance.
• Badan Pusat Statistik (BPS)minorStrategic or Co-development PartnerBPS researchers participated in the LPS Call for Research 2024 competition, winning awards for papers on financial inclusion and green growth analysis. BPS contributes statistical expertise to LPS research initiatives.
• Universitas Gadjah Mada (UGM)minorStrategic or Co-development PartnerLPS provides assistance to UGM students affected by flooding disasters in Sumatera as part of its corporate social responsibility and community engagement programs.
• Cornell UniversityminorStrategic or Co-development PartnerProfessor Iwan Jaya Azis from Cornell University presented at the LPS Research Fair 2024 seminar on building sustainable national economy through MSME role.
• Badan Pengawasan Keuangan dan Pembangunan (BPKP)coreStrategic or Co-development PartnerLPS and BPKP signed a Memorandum of Understanding (Nota Kesepahaman) to strengthen cooperation between the two institutions.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Canada Deposit Insurance Corporation (CDIC): Canada's federal deposit insurer providing deposit insurance and acting as resolution authority for member institutions—a structurally comparable deposit insurer with similar scale relative to its national banking system.
• Deposit Insurance Corporation of Japan (DICJ): Japan's statutory deposit insurer that also handles financial institution administration, including failed bank resolution—an emerging-market-aligned peer that has expanded roles into financial crisis management similar to LPS's growing mandate.
• Korea Deposit Insurance Corporation (KDIC): Korea's deposit insurance corporation that guarantees deposits, resolves failed financial institutions, and manages financial restructuring—highly comparable given similar East Asian banking system context and expanding resolution scope.
• Financial Services Compensation Scheme (FSCS, UK): The UK's statutory compensation scheme that protects bank deposits, insurance policies, and investment products—an apt peer given LPS's forthcoming Insurance Policy Guarantee program mirrors FSCS's multi-product scope.
• Deposit Guarantee Fund of Spain (FGD): Spain's statutory deposit guarantee fund providing deposit insurance within the Spanish banking system under EU harmonized frameworks—an EU-based peer with similar deposit insurance and resolution functions.
• Interbank Deposit Protection Fund (FITD, Italy): Italy's interbank deposit protection fund that insures deposits at Italian banks and contributes to banking system stability—another EU-statutory deposit insurer with similar functions and a public-policy mandate.
• Federal Deposit Insurance Corporation (FDIC): The U.S. statutory deposit insurance corporation insuring deposits at U.S. commercial banks and savings institutions, with parallel mandate to handle bank failures and resolutions—LPS's closest structural analogue globally.
• Deposit Insurance and Credit Guarantee Corporation (DICGC, India): India's deposit insurance and credit guarantee corporation that insures bank deposits and supports bank resolution—directly comparable in mandate and emerging-market banking-system context.

Broad incumbents

• Bank Indonesia: Indonesia's central bank, which sets monetary policy and supervises the banking system alongside LPS. Bank Indonesia's lender-of-last-resort role and deposit insurance work in tandem with LPS to maintain financial stability.
• Otoritas Jasa Keuangan (OJK): Indonesia's Financial Services Authority, the integrated regulator supervising banks, capital markets, and insurance. Although broader in scope than LPS, OJK closely coordinates with LPS on bank supervision and resolution, making it the principal domestic counterpart.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/lps_idic
• YouTubeyoutube.com/c/LPSIDICOfficial
• Facebookfacebook.com/LPSIndonesia
• Instagraminstagram.com/lps_idic
• LinkedInlinkedin.com/company/lps-idic

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lembaga Penjamin Simpanan