Benefit of MyProtection Bijak II 

• Death Benefit
  If during the insurance period the insured party dies, then PT Asuransi Allianz Life will pay the death benefit to the beneficiary in the amount of the insurance compensation as stated in the policy data or the endorsement, if any, plus investment benefits in the form of the balance of the investment value in the policy up to with the date the death benefit claim is approved.
• Investment Benefit
  PT Asuransi Allianz Life will pay this benefit in the amount of the investment value balance contained in this policy in case : 
  1. The Insured Party dies during the Insurance Period, to the Beneficiary; or
  2. The Insured Party lives until the end of the Insurance Period, to Participants; or
  3. The Participant's Policy is canceled, where there is still Investment value left after deducting the Policy Redemption Fee (if applicable) and other obligations (if any) to the Participant.
• End of Contract Benefit
  If the Insured Party is still alive until the Insurance End Date for Basic Insurance, PT Asuransi Allianz life will pay the Investment Benefit in the form of the entire balance of the Investment Value (if any) to the Participant.
  
  Each Insurance Benefit will be paid by PT Asuransi Allianz Life after first deducting other obligations (if any).

Allocation of MyProtection Bijak II Contribution 
Contributions that participants or contribution payers (whichever is appropriate) pay will be allocated as investment funds in accordance with the following conditions.

• Periodic basic contribution will be entirely allocated as an Investment fund for the establishment of periodic basic contribution Investment Value. 
• Periodic top up Contribution and single top up contribution will be allocated as investment fund for the establishment of top up contribution investment value of 95% of the periodic top up contribution and/or single top up contribution.
• The contribution allocation provisions mentioned above will be subject to the general policy terms and conditions.

4 Benefit Choices of MyProtection Bijak II

+ Optional Additional benefits in each protection plan
* Life protection up to the age of the Insured Party 100 years 

Notes :

In the event that you submit to PT Asuransi Allianz Life a request not to impose an elimination period and/or a waiting period (whichever is appropriate) in relation to the additional benefits that you have chosen ("Additional Application"), you, the prospective Insured Party, the prospective Contribution Payer and /or the prospective Contributor Spouse (whichever is appropriate) must meet additional requirements that PT Asuransi Allianz Life will determine in accordance with Our underwriting policy. PT Asuransi Allianz Life reserves the right to refuse an Additional Application submitted in the event that You, the prospective Insured Party, the prospective Contributor and/or the potential Contributor Spouse (as appropriate) do not meet the requirements of Our underwriting policy.

Choice of Waqf Features

Available with the maximum that can be donated:

• 45% of the value of the Insurance Benefit.*
• 30% of the investment value balance.*

*) Maximum value of insurance compensation (including Insurance compensation for additional insurance (if any)) and/or investment balance, respectively, at the time the death benefit claim is approved by Allianz.

Notes :

• The Participant, the insured and the beneficiary must complete and sign the Waqf application Form and Waqf pledge (wa'ad) and submit the form to Allianz.
• Participants, insured parties and beneficiaries must comply with all terms and conditions stated in the Waqf application form and Waqf promise (wa'ad) or other terms and conditions that will be informed by Allianz and/or the selected waqf institution.
• When the Insured person dies, and the claim for the death benefit (including additional insurance (if any)) is approved by Allianz :
  
  1. Insurance compensation and/or investment value donated will be paid by Allianz to the waqf institution chosen by the participant according to the most recent data and/or information recorded in the Allianz system and in accordance with the procedures applicable to Allianz.Insurance compensation and/or investment value donated will be paid by Allianz to the waqf institution chosen by the participant according to the most recent data and/or information recorded in the Allianz system and in accordance with the procedures applicable to Allianz.
  2. The amount of insurance compensation received by the beneficiary is as stated in the Sharia SPAJ or the latest recorded in the Allianz system based on the changes submitted by the participant and Allianz agrees from time to time in accordance with the procedures in force at Allianz;
  3. Total investment value that will be received by the beneficiary is equal to the remaining investment value (after deducting the amount donated). In the event that there is more than 1 Beneficiary, the amount of investment value that will be received by each beneficiary, after being deducted by the amount donated, will be calculated proportionally according to the percentage of insurance compensation for each Beneficiary listed in SPAJ Syariah or the latest recorded in the Allianz system based on the changes that the Participant proposes and Allianz agrees from time to time in accordance with the procedures in force at Allianz.
  4. The waqf application (along with its amendments, if any) that has been approved by Allianz will be included in the policy data and/or endorsement.