MyProtection PASTI
MyProtection PASTI is a traditional life insurance product with regular premium payments that provides life protection benefits, coverage for 77 critical illnesses, and cash benefits if the insured is still alive at the end of the Policy Insurance Period.
Advantages of MyProtection PASTI
- Guaranteed coverage for one of 77 critical illnesses(1)
- Guaranteed life coverage in the event of non-accidental or accidental death(2)
- Guaranteed Contract End Benefit if the insured is still alive at the end of the Insurance Period
- Guaranteed life protection for non-accidental death and critical illnesses up to age 86(3)
- Flexible premium payment options tailored to individual needs
1) Coverage for critical illness ends after the benefit is paid.
2) Accidental Death Benefit is paid if the Insured dies within 90 days from the date of the accident and reaches the nearest Policy anniversary with age 70.
3) Nearest Policy anniversary.
Note : Benefit payments will be deducted from outstanding fees and obligations (if any)
Benefit of MyProtection PASTI
Death Benefit
- If during the Insurance Period the Insured dies due to non-accidental or accidental causes, Allianz will pay the Insurance Benefit to the Beneficiary in the amount of 2 (two) times of the Sum Insured for the Basic Insurance ("Death Benefit") as stated in the Policy Data or Endorsement, if any, and the Policy will terminate.
- Benefit payments will be deducted from outstanding fees and obligations from the Policyholder to Allianz.
Accidental Death Benefit
- If during the Insurance Period the Insured dies:
- Due to an accident, Allianz will pay an additional sum equal to 1 time of the Sum Insured to the Beneficiary, and the Policy will terminate; or
- Due to an accident while using Public Transportation, Allianz will pay an additional sum equal to 2 times of the Sum Insured to the Beneficiary, and the Policy will terminate.
- The Accidental Death Benefit will only be paid to the Beneficiary if the Insured dies within 90 days from the date of the accident.
- The Sum Insured from the Accidental Death Benefit will be paid as an additional Sum Insured from the Death Benefit.
- The Accidental Death Benefit ends when the Policy anniversary nearest to the Insured's age reaching 70 years.
Critical Illness Benefits
- If before the end date of the insurance coverage, the Insured suffers/is diagnosed with any of the critical illnesses as described in the Terms of Coverage for 77 Critical Illnesses, Allianz will pay the Critical Illness Benefit equal to 1 time of the Sum Insured.
- Payment of this benefit does not result in the termination of the Policy. Therefore, to keep the Policy active, the Policyholder must continue to pay premiums according to the chosen premium payment period.
- Payment of the Critical Illness Benefit will only be made once for one of the 77 listed Critical Illnesses as described in the Terms of Coverage for 77 Critical Illnesses.
- After the aforementioned Critical Illness benefit is paid, this Critical Illness Benefit automatically terminates.
End of contract benefits
If the Insured is still alive on the End of Insurance Date, Allianz will pay the End of Contract Benefit of 1 time of the Sum Insured to the Policyholder, and the Policy will terminate.
Terms and Conditions
|
Entry Age |
Insured :
Policyholder 18 years old - no maximum age (nearest birthday). |
| Insurance Period
|
*) nearest birthday. |
| Premium
|
Minimum Regular Premium:
|
| Choice of Premium Payment Period | 5, 10, 15 and 20 or equal to the Protection Period |
| Premium Holiday
|
Not available
|
| Sum Assured
|
Minimum: IDR100,000,000
Maximum: As per Underwriting provisions |
| Surrender | In the form of Cash Value, deducted by fees and outstanding obligations (if any)
|
|
Underwriting |
Full Underwriting |
Ilustration
| Benefit Illustration | |
|
Doni Entry Age 35 years old when purchasing MyProtection PASTI.
|
Death Benefit
Critical Illness Benefit
Maturity Benefit
|
(1) The Sum Assured due to an accident is paid if the Insured dies within 90 days from the date of the accident and reaches the Policy anniversary closest to 70 years old.
(2) The Critical Illness benefit ends after the benefit has been paid. The life coverage shall remain available and the Regular Premium must still be paid during the Premium Payment Period.
(3) Nearest birthday.
Note: The benefit payment is subject to deductions for unpaid costs and liabilities, if any.
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 PASTI is an insurance product issued by PT Asuransi Allianz Life Indonesia. PT Bank Maybank Indonesia Tbk (“Bank”) only acts as a reference provider for MyProtection PASTI.
- MyProtection PASTI is not a Bank product, therefore the Bank is not responsible for any claim and risk that arise form this product portfolio management. MyProtection PASTI is not guaranteed by the Bank and its affiliates and is not included in the scope of guaranteed object program of the Government of the Republic of Indonesia or Lembaga Penjamin Simpanan (“LPS”). Bank is not responsible for insurance policy issued by PT Asuransi Allianz Life Indonesia.
- PT Bank Maybank Indonesia, Tbk is licensed and supervised by OJK & Bank Indonesia.
- Premium paid includes commission for the Bank.
- PT Asuransi Life Indonesia is licensed and supervised by the Financial Services Authority, and its sales force is licensed by the Indonesian Life Insurance Association.
- Information on this website page is not part of MyProtection PASTI Policy and is not a form of insurance aggrement between PT Asuransi Allianz Life Indonesia with Customer. Customer is fully bound by every clauses within MyProtection PASTI Policy.
- More detailed terms and conditions, including charges and exclusion can be learned on Product Information Summary and MyProtection PASTI Policy.
Visit nearest Maybank branch and get MyProtection PASTI to ensure protection for the future.
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