MyProtection Prima II
MyProtection Prima II is a life insurance product with regular premium payments that provides protection for the insured until the age of 100 while also serving as an investment with a variety of investment sub-funds available in accordance with demands.
Advantages of MyProtection Prima II
**Especially for the allocation of Periodic Top Up Premium and/or Single Top Up Premium: 95% of the Regular Top Up Premium and/or Single Top Up Premium.
***Investment Fund to buy units according to the percentage of premium allocation on investment based on the policy and according to the choice of sub-funds.
Benefits of MyProtection Prima II
- Death Benefit
If during the Insurance Period the Insured dies, PT Asuransi Allianz Life will pay the Benefit to the Beneficiary, the amount of Sum Assured as stated in the Policy Data or the Endorsement, if any, plus investment benefits in the form of a balance of the Investment Value in the Policy up to the date of the Death Benefit claim 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 :- The insured dies during the Insurance Period, to the Beneficiary; or
- The Insured lives until the end of the Insurance Period, to the Policy Holder ; or
- Your Policy is cancelled, where there is still Investment Value left after deducting the Policy Redemption Fee (if applicable) and other obligations (if any) to the Policy Holder.
- End of Contract Benefit
If the Insured lives until the end of the Insurance Period, PT Asuransi Allianz Life will pay the Investment Benefit in the form of the entire balance of the Investment Value (if any) to the Policy Holder on the expiration date of the Insurance Period.
Additional Benefit Options (Rider) of MyProtection Prima II
- Compensation for 49 types of critical illness, with choices:
- Does not reduce the value of Basic Life Sum Assured (CI Plus).
- Reduce the value of Basic Life Sum Assured (CI Accelerated).
- Compensation for 100 critical illness conditions (CI 100).
- Compensation for death & total permanent disability due to an accident (ADDB).
- Total permanent disability compensation due to illness/accident, with options:
- Does not reduce the value of Basic Life Sum Assured (TPD).
- Reduce the value of Basic Life Sum Assured (TPD Accelerated).
- Daily cash compensation for hospitalization & surgery at the hospital (Flexicare Family).
- Reimbursement of hospital care costs (Hospital & Surgical Care +).
- Reimbursement of hospital care costs according to bills throughout the world (Prime Medical Protection)*.
- Premium Payment by Allianz if the Premium Payer or Spouse:
- Died (Payor Protection, Spouse Payor Protection).
- Diagnosed with a critical illness/suffering from total permanent disability (Payor Benefit, Spouse Payor Benefit).
- Emergency medical evacuation & repatriation services (Medical Evacuation).
* Cannot be taken together with Hospital and Surgical Care Plus.
Allocation of Periodic Basic Premium* to be invested :| Rupiah | US Dollar | ||
| Year 1 | 60% | Year 1 | 60% |
| Year 2 | 80% | Year 2 |
70% |
| Year 3-5 | 100% | Year 3-5 | 100% |
| Year 6 etc. | 105% | Year 6 etc. | 105% |
*) The Periodic Basic Premium which is allocated annually from your premium payment, will form the investment value of your policy.
Top Up Premium Allocation:
- Periodic Top Up Premium and Single Top Up Premium will be allocated as Investment Fund for formation of a Top Up Premium Investment Value of 95% of the Periodic Top Up Premium and/or Single Top Up Premium.
Terms and Condition of MyProtection Prima II
| Insured Entry Age | 1 month - 70 years old (nearest birthday). | ||||||||||||||||||
| Policy Holder Entry Age | Minimum 18 years old (nearest birthday). | ||||||||||||||||||
| Currency | Rupiah dan US Dollar. | ||||||||||||||||||
| Insurance Period | Until the Insured reaches the Age of 100 years | ||||||||||||||||||
| Premium Payment Period | Up to the Insured Age 99 years old | ||||||||||||||||||
| Premium Payment Method |
The premium payment scheme is periodic premium (Annually, Semester, Quarterly, and Monthly) |
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| Premium | Minimum Periodic Basic Premium:
The amount of the Regular Basic Premium cannot be changed (added/deducted). Minimum Periodic Top Up Premium :
Minimum Single Top Up Premium IDR1.000.000/USD200 Maximum Single Top Up Premium - Total Premium more than Rp2.000.000.000/ USD200.000 with financial underwriting. |
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| Sum Insured |
Minimum : Maximum : Maximum Sum Assured for Children (up to 17 years old): IDR 3,000,000,000/USD 240,000. |
Product Illustration of MyProtection Prima II
| Product Illustration of MyProtection Prima II | |
|
Jonas 30 th, does not smoke A Manager in a company
|
The need to achieve dreams: |
Assumed level of investment per year : -1%, 0%, 5%, dan 10%
Premium payment plan: 20 Years
- If the ***** mark appears in the "Investment Value Projection Table", this indicates that, based on the assumption of the investment level that We set, Your Investment Value is insufficient to pay the costs specified in the Policy and the Policy will expire. You are advised to always make premium payments until the insured is 100 years old so that your investment value is maintained and sufficient to pay the costs specified in the policy.
- The above illustration of the benefits is based on the assumed level of investment per year from the sub-fund allocation you have chosen above.
- The illustration or projection of the Investment Value above is not binding and is not an insurance agreement and is not part of the Policy.
- The illustration or projection of Investment Value above is not guaranteed and may change from time to time, depending on the performance of the Sub Fund selected by you and/or the potential for deterioration in investment returns.
- Investment Value is the total value of Periodic Basic Premium Units, Periodic Top Up Premium Units and Single Top Up Premium Units that have been formed in the Policy based on the Unit Price at a certain time.
- The value of the investment can be less than the amount of the premium paid or the part of the premium invested.
- Investment value is not guaranteed, it can increase or decrease depending on the performance of the Sub Fund chosen by you and cannot be separated from investment risk. Past performance of a Sub-fund does not reflect future performance of that Sub-fund.
- The illustration above has taken into account Acquisition and Maintenance Fees, Insurance Fees, Administrative Fees and Investment Fund Management Fees, the frequency of which is charged as stated in "Know the Fees related to Your Policy."
- Investment Value Projection above is only an illustration and does not describe the actual investment performance.
- Death Benefit is Life Sum Assured and potential Investment Value given when the Insured dies during the Insurance Period and Active Policy status.
| Benefit Illustration of MyProtection Prima II | ||
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Assumed level of investment per year 5% with 100% placement at Smartlink Rupiah Equity Class B Fund |
Jonas 30 years, does not smoke company manager |
The need to achieve dreams : |
*) The investment value assumption that is formed is not guaranteed and can change at any time according to the investment performance of the Smartlink Rupiah Equity Class B Fund.
About Allianz
About Allianz Group
Allianz is one of the world's largest insurance and asset management providers. Together with customers and sales partners, Allianz is one of the strongest financial communities in the world with operations in 70 countries and supported by 150,000 employees serving more than 100 million individual and corporate customers.
About Allianz in Asia
Allianz has been present in Asia Pacific since 1910 on the coast of China by providing fire and freight insurance. Currently, Allianz operates in 16 countries in Asia Pacific to provide general insurance, life, health and asset management. With more than 36,000 staff, Allianz serves the needs of more than 21 million customers in the region through several distribution channels.
About Allianz in Indonesia
Allianz started its operations in Indonesia with a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life and health insurance market, as well as pension fund by opening PT Asuransi Allianz Life Indonesia in 1996.
In 2006, Allianz Utama and Allianz Life started sharia insurance business. Allianz Health & Corporate Solutions was formed in 2014 to serve the needs of individual and group health insurance. Supported by more than 1,300 employees and a network of more than 34,000 sales professionals as well as bank partners and other distribution channels. Today, Allianz in Indonesia is one of the leading insurance groups in the market trusted to protect more than 8,3 million insured.
PT Asuransi Allianz Life Indonesia is licensed and supervised by Otoritas Jasa Keuangan, and its Marketers hold a license from the Indonesian Life Insurance Association
Important Notes:
- MyProtection Prima II is an insurance product issued by PT Asuransi Allianz Life Indonesia. PT Bank Maybank Indonesia Tbk (“Bank”) only acts as a referrer for MyProtection Prima II.
- MyProtection Prima II is not a Bank product, so the Bank is not responsible for any and all claims and risks arising from managing this product portfolio. MyProtection Prima II 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 Lembaga Penjamin Simpanan (“LPS”). The bank is not responsible for policies issued by PT Asuransi Allianz Life Indonesia. Investment fund management based on the choice of the MyProtection Prima II sub-fund is carried out by PT Asuransi Allianz Life Indonesia and/or the Investment Manager appointed by PT Asuransi Allianz Life Indonesia and is the responsibility of PT Asuransi Allianz Life Indonesia. The performance of the choice of sub-funds from PT Asuransi Allianz Life Indonesia can be seen in the monthly Fund Fact Sheet report.
- PT Bank Maybank Indonesia, Tbk is licensed and supervised by OJK & Bank Indonesia.
- Investments in capital market instruments contain market risk. The performance of the Subfund is not guaranteed, unit prices and income from the Subfund may increase or decrease. The past performance of Subfund options is not an indication of future performance. Full details are in the Fund Fact Sheet.
- You can learn more about the terms and conditions, including detailed fees and exclusions, in the General Product and Service Information Summary (RIPLAY) and Personal Product and Service Information Summary (RIPLAY) and Policy.
PAYDI
Produk Asuransi Yang Dikaitkan dengan Investasi (PAYDI) MyProtection Prima II is an insurance product. The investment component in PAYDI contains risks. Prospective Policyholders must read and understand the General and RIPLAY Personal Product and Service Information Summary (RIPLAY) before deciding to buy PAYDI. PAYDI's past investment performance does not reflect PAYDI's future investment performance.
Product Summary Information
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