MyProtection Legacy

MyProtection Legacy is a traditional life insurance product with periodic premium payments that provides death benefits until the insured reaches 100 years old and maintains a financial plan for future family welfare.

Benefit of MyProtection Legacy

Death Benefit & Sum Insured Booster Benefit

If during the Insurance Period the Insured dies, the death benefit will be paid to the Beneficiary in the form of Sum Assured for Basic Insurance

1. The Sum Assured for Basic Insurance will be increased to 50% of the Sum Assured for Basic Insurance as stated in the Policy Data ("Sum Insured Booster 50%*”) provided that the Policy Holder has met all the criteria for the Requirement for Sum Assured Booster*. Or,
2. The Sum Assured for Basic Insurance will be increased to 25% of the Sum Assured for Basic Insurance a stated in the Policy Data if (i) the Policyholder does not meet the Requirements for Sum Assured Booster*; or (ii) has fulfilled the Sum Assured Booster Requirements, and has received the Benefit Sum Assured Booster in the form of an increase in the Sum Assured to a 50% Booster Sum Assured, but after that no longer fulfills one of the Requirements for the Booster Sum Assured.

*Requirements for the Sum Insured Booster;

1. The Policyholder chooses to pay premiums by automatic debit via a credit card or savings account;
2. Policyholders choose correspondence via email;
3. The Policy Holder chooses the electronic version of the Policy Book;
4. If the Policy Holder has chosen the method of paying the Premium by automatic debit via credit card or savings account in SPAJ, the Policy Holder does not make changes to the method of payment during the Insurance Period;
5. Premiums paid since the Policy Effective Date have never passed the Grace Period; and
6. The Policy Holder has never changed the Policy to a Free Premium Policy Accompanied by a Reduced Paid Up

The requirements for the Sum Insured Booster listed in points (i), (ii) and (iii) above must     be fulfilled at the time of submitting the SPAJ, as stated in the SPAJ

Benefit of Basic Insurance Premium Extemption

If the Insured suffers from one of the Critical Conditions and the claim for the Basic Insurance Premium Extemption Benefit has been approved by PT Asuransi Allianz Indonesia, PT Asuransi Allianz Indonesia will provide the Basic Insurance Premium Extemption Benefit in the form of exemption from Basic Insurance Premium payment, starting from the next Premium Payment Due Date (after the claim approval date by Us) until the end of the Premium Payment Period.

1. Signs or symptoms of Critical Illness/Condition experienced by the Insured or date of diagnosis of Critical Illness/Condition of the Insured do not occur within 80 days from the Effective Date of the Policy or date of recovery, whichever is later;
2. The Insured is diagnosed with a Critical Condition during the Premium Payment Period
3. You or the Premium Payer (whichever is compatible) must continue to pay the Premium until the date of approval of this Basic Insurance Premium Waiver Benefit claim

The payment of this Basic Insurance Premium Extemption Benefit does not affect the Sum Insured Booster Benefit. The Death Benefit is For Insured Under 5 Years Old

Specifically for the Insured with Age below and/or up to 5 years old, the Death Benefit in the amount of Sum Assured will be paid according to the following conditions:

Illustration of MyProtection Legacy's Benefit

Notes:

1. The Exemption from payment of Basic Insurance Premium, starting from the next Premium Payment Due Date (the date after the claim approved by Allianz) until the end of the Premium Payment Period.
2. If the Insured suffers from one of the 77 Critical Diseases/Conditions as referred to the Special Terms of the Policy, and the claim for Basic Insurance Premium Extemption Benefits has been approved by Allianz.
3. A 50% increase of the Sum Assured for Basic Insurance listed in the Policy Data provided after the Policy Holder has met all the criteria for the Requirement for Booster Sum Assured.
4. In the event that the Policyholder does not fulfill one of the Sum Assured Requirements, the Sum Assured for Basic Insurance will be increased by 25% of the Sum Assured for Basic Insurance stated in the Policy Data (“25% Booster of Sum Assured”) or no longer fulfills one of the Requirements Sum Assured Booster, 50% Booster of Sum Assured will be adjusted and changed to 25% Booster of Sum Assured.
5. Payment of Death Benefit will be deducted in advance by other outstanding obligations (if any) from the Policy Holder to Allianz.
6. Payment of the Basic Insurance Premium Extemption Benefit does not affect the Sum Insured Booster Benefit.