Indonesian govt prepares mandatory insurance for vehicle owners

Cars pass along Jl. Gatot Subroto in Jakarta on June 19, 2024. - Photo: Antara file

JAKARTA: The government is preparing to require vehicle owners to participate in a mandatory insurance scheme, which many see as part of a larger effort to enlarge the country’s insurance industry.

The scheme, called third-party liability (TPL), will provide coverage of vehicle damage caused by accidents.