Personal Inconvenience Insurance
Personal Inconvenience Insurance through home-related inconvenience benefit package (Simple Home Protection) provides an enhandced covergae and ensures the convenience of your home from unexpected losses due to natural disasters and loss of contents due to theft. Enjoy every moment of your stay at home without worry.
Advantages of Personal Inconvenience Insurance
Provides enhanced coverage for the consequences of unforeseen disasters to residences.
Personal Inconvenience Insurance Benefits
This product compensated for inconvenience related to the insured's residence as a consequences of:
- Damages to the buildings and/or contents of residential buildings caused by fire, lightning strikes, explosions, falling aircraft, and smoke. (FLEXAS)
- Damages to the buildings and/or contents of residential buildings caused by riots, strikes, evil acts, riots. (RSMDCC)
- Damages to the buildings and/or contents of residential buildings caused by hurricanes, storms, floods, water, earthquakes, volcanic eruptions, tsunamis (Floods & EQVET)
- Loss of contents of a residential building caused by theft or burglary. (Burglary)
- Disruption of service availability at the residence including (but not limited to) disruption of the internet network, electricity (from the State Electricity Company), water (from State Water Company), cable/subscription TV, subscription gas (from the State Gas Company).
Ho to Apply for a Policy
Contact Maybank Customer Care at 1500611 or +622178869811 (from overseas).
Benefits and Premium Rates of Personal Inconvenience Insurance
|
Benefit |
Plan |
Remarks |
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|
A |
B |
C |
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|
Annual Coverage Limits |
IDR300,000,000 |
IDR400,000,000 |
IDR500,000,000 |
|
|
Compensation for inconvenience due to FLEXAS (Fire, Lightning Explosion, Aircraft Impact & Smoke) |
Up to annual coverage Limit |
Up to annual coverage Limit |
Up to annual coverage Limit |
Minimum damage |
|
Compensation for inconvenience due to RSMDCC (Riot, Strike, Malicious Damage, Civil Commotion) |
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|
Compensation for inconvenience due to TSFWD Typhoon, Storm, Flood, Water Damage) |
Maximum IDR20,000,000 |
Maximum IDR20,000,000 |
Maximum IDR20,000,000 |
|
|
Compensation for inconvenience caused by Burglary (Theft accompanied by acts of coercion and destruction) |
IDR15,000,000 |
IDR20,000,00 |
IDR25,000,000 |
- Building contents (Ex: Jewellery, Securities, Precious Metals)
|
|
- Limit per item IDR2,000,000 |
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Additional Inconvenience Compensation due to FLEXAS, RSMDCC, TSFWD, Burglary |
10% of the claim value |
10% of the claim value |
10% of the claim value |
|
|
IDR3,000,000 |
IDR4,000,000 |
IDR5,000,000 |
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|
Benefit |
Plan |
Remarks |
||||||
|
D |
E |
F |
||||||
|
Annual Coverage Limits |
IDR300,000,000 |
IDR400,000,000 |
IDR500,000,000 |
|
||||
|
Compensation for inconvenience due to FLEXAS (Fire, Lightning Explosion, Aircraft Impact & Smoke) |
Up to annual coverage Limit |
Up to annual coverage Limit |
Up to annual coverage Limit |
Minimum damage |
||||
|
Compensation for inconvenience due to RSMDCC (Riot, Strike, Malicious Damage, Civil Commotion) |
||||||||
|
Compensation for inconvenience due to TSFWD (Typhoon, Storm, Flood, Water Damage) |
Maximum IDR20,000,000 |
Maximum IDR20,000,000 |
Maximum IDR20,000,000 |
|||||
|
Compensation for inconvenience caused by Burglary (Theft accompanied by acts of coercion and destruction) |
IDR15,000,000 |
IDR20,000,000 |
IDR25,000,000 |
- Building contents (Ex: Jewellery, Securities, Precious Metals) |
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|
- Limit per item IDR2,000,000 |
||||||||
|
Additional Inconvenience Compensation due to FLEXAS, RSMDCC, TSFWD, Burglary |
10% of the claim value |
10% of the claim value |
10% of the claim value |
|
||||
|
IDR3,000,000 |
IDR4,000,000 |
IDR5,000,000 |
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|
Additioinal Benefit |
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|
Compensation for inconvenience due to EQVET (Earthquake, Volcanic Eruption, Tsunami) |
As Charge Maximum annual limit of cover |
As Charge Maximum annual limit of cover |
As Charge Maximum annual limit of cover |
|
||||
|
Additional Inconvenience Compensation due to EQVET |
IDR3,000,000 |
IDR4,000,000 |
IDR5,000,000 |
|
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Monthly Premium:
|
Benefit (IDR) |
Plan A |
Plan B |
Plan C |
Plan D |
Plan E |
Plan F |
|
Main Coverage |
IDR54,000 |
IDR71,000 |
IDR89,000 |
IDR54,000 |
IDR71,000 |
IDR89,000 |
|
EQ |
|
|
|
IDR98,000 |
IDR130,000 |
IDR161,000 |
|
Total |
IDR54,000 |
IDR71,000 |
IDR89,000 |
IDR152,000 |
IDR201,000 |
IDR250,000 |
Note: Premiums do not include policy cost and stamp duty
|
Policy Cost |
IDR30,000 |
|
Stamp Duty: |
|
|
Premium < IDR 5 million |
IDR10,000 |
|
Premium > IDR 5 million |
IDR20,000 |
Product Information
|
Product Type |
Miscellaneous |
|
Marketing Media |
Telemarketing |
|
Insured Age |
18 (eighteen) years and up to a maximum age of 65 (sixty five) years |
|
Insurance Period |
1(one) year |
|
Terms & Condition |
|
|
Premium Payment |
Auto-debit monthly basis from the Insured's savings account. |
|
Currency |
IDR |
Premium Illustration
The insured chooses Plan B, then the benefits obtained are:
|
Benefit |
Plan B |
|
Annual Coverage Limits |
IDR400,000,000 |
|
FLEXAS |
Amount charged (Maximum annual limit of coverage) |
|
RSMDCC |
|
|
TSFWD |
Maxiumum IDR20,000,000 |
|
Burglary |
IDR20,000,000 |
|
Additonal Inconvenience due to FLEXAS, RSMDCC, TSFWD, Burglary |
10% of the claim value |
|
IDR4,000,000 |
The premium that must be paid by the Insured is IDR71,000 per month (excluding policy cost and stamp duty).
Claim Illustration
If the Insured purchases Personal Inconvenience Insurance with Plan B (limit IDR400,000,000) for the period December 2021 – December 2022.
Example 1 :
There was a fire accident in March 2022 and after being assessed the loss reached IDR150 million for the building and its contents, the following is the calculation of the benefit received:
| Benefit Summary | |
|
Maximum coverage limit |
IDR400,000,000 |
|
Limit of coverage due to fire |
IDR400,000,000 |
|
Additional inconvenience compensation |
10% of claim value, maximum IDR4,000,000 |
| Calculation of Benefit | |
|
The amount of loss experienced |
IDR400,000,000 |
|
Additional inconvenience compensation |
10% X IDR500,000,000 = IDR50,000,000 |
Therefore, additional inconvenience compensation that paid is : IDR4,000,000
Amount of Claims Paid = IDR154,000,000
Example 2:
There was a fire accident in August 2022 and after being assessed the loss reached IDR500 million for the building and its contents, the following is the calculation of the benefit received:
| Benefit Summary | |
|
Maximum coverage limit |
IDR400,000,000 |
|
Limit of coverage due to fire |
IDR400,000,000 |
|
Additional inconvenience compensation |
10% of the Claim value, maximum IDR4,000,000 |
| Calculation of Benefit | |
|
Approved loss amount |
IDR500,000.000
|
|
Additional inconvenience compensation |
10% X IDR500,000,000 = IDR50,000,000 |
The additional inconvenience benefit to be paid: IDR4,000,000
During the Insurance period there has been a benefit payment: IDR154,000,000
The remaining limit is IDR400,000,000 - IDR154,000,000 = IDR246,000,000
Total claim paid: IDR246.000.000
Disclaimer
- Personal Inconvenience Insurance is an insurance product issued by PT Asuransi Allianz Utama Indonesia. PT Bank Maybank Indonesia, Tbk (“Bank”) only acts as distributor of Personal Inconvenience Insurance.
- Personal Inconvenience Insurance is not a Bank product so the Bank is not responsible for any and all claims and risks arising from the management of this product portfolio.
- Personal Inconvenience Insurance is not guaranteed by the Bank and its affiliates and is not included in the scope of the guarantee program objects of the Government of the Republic of Indonesia or the Deposit Insurance Corporation ("LPS"). The Bank is not responsible for insurance policies issued by PT Asuransi Allianz Utama Indonesia.
- PT Bank Maybank Indonesia, Tbk is licensed and supervised by Otoritas Jasa Keuangan & Bank Indonesia.
- A complete explanation of insurance coverage can be found in the Personal Inconvenience Insurance Policy. Insurance coverage applies exclusion provisions, namely things that are not covered in the policy.
- PT Asuransi Allianz Utama Indonesia is licensed and supervised by Otoritas Jasa Keuangan, and its marketing staff holds a license from Asosiasi Asuransi Umum Indonesia.
- This product information is provided in English version and Indonesian language version. In the event of a discrepancy or inconsistency between English version and Indonesian language version, then the Indonesian language version shall prevail.
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