Multi Protection Investa

• If the Insured died within the insurance period, the beneficiary will receive :
  1. Death coverage will be given to the Beneficiary in the amount of Sum Insured as stated in the policy.
  2. Investment Benefits of the Value of Investment formed at the time of the death benefit claim pronouncement.
  Then the insurance contract will be terminated.
• Death Due to Accident.
  If the Insured died due to body injury within 90 consecutive days from the date which accident occurred and the Insured’s age is not more than 70 (Seventy) years, the beneficiary will be given :
  1. Death coverage will be given to the beneficiary in the amount of Sum Insured as written in the policy.
  2. Death benefit due to an accident will be given as stated in the Policy.
  3. Investment benefit with the amount of Investment Value which is formed at the time of the death benefit claim pronouncement.
  Then the insurance contract will be terminated.
• Diagnosed with the Critical Illness
  If the Insured is for the first time diagnosed with one of the critical illness as insured as stated in the Special Rules of Critical Illness that occurred within the insurance period and the Insured's age is not more than 70 (seventy) years in accordance with birth date mentioned in the last Policy, the insured will be awarded a Critical Critical Condition of Sum Insured as stated in the Policy record.
• Waiver of Premium Due To Total Permanent Disability
  If the Insured suffers from Total Permanent Disability for the first time, in accordance with the Waiver of Premium Due To Total Permanent Disability regulation, which incurred within the coverage period and the insured is not more than 70 (Seventy) years old, then The Insured will be give given a benefit of free premium payment which which is due after suffering from Total Permanent Disability and the policy will continue according to the contract with the premium payment obligations be borne by The Insurer,
• End of Contract Benefits
  If the insured lives until the age of 100 (one hundred) years old until the Insurance period ends, as stated in the policy, then the insured will be given :
  1. End of contract benefit with the amount of Death Coverage Sum Insured as stated in the policy; and
  2. Investment benefit with the amount of investment value which is built when the Insurance coverage ends.
  Then the insurance contract will be eliminated.

• Entry Age

  The Insured	:	1- 60 years old (Nearest birthday)
  Policy Holder	:	17 - 75 years (nearest birthday)

• Currency	:	IDR
  Insurance Period	:	Lifetime (Until the Insured reaches the age of 100 years old)
  Period of premium payment	:	5, 10, 15 and 20 years
  Frequency of premium payment	:	Yearly, Half Yearly, Quarterly, Monthly

• Premium
  • Periodical Minimum Premium
    

    Payment Frequency	Minimum Premium
    Yearly	IDR 2.000.000
    Half Yearly	IDR 1.040.000
    Quarterly	IDR 540.000
    Monthly	IDR 200.000

  • Top Up premium can be done anytime after the effective date of the policy. The minimum premium for Top Up is IDR 1.000.000
• Underwriting Regulations :
  1. Fill and correclty complete the Application Form (SPAJ).
  2. Waiting period for the illness which never been suffered is 90 (Ninety) days since the effective date of the policy or the last reinstate of the policy.
• How to Submit a Claim :
  Written Claim must be submitted by the Policy Holder to PT Equity Life Indonesia within 90 (Ninety) days since the insured entitled to receive insurance benefits, by attaching of the following Documents :
  1. Original Policy.
  2. Fill and complete the Claim Submission Form which is provided by PT Equity Life Indonesia.
  3. Identity Card of the Policy Holder.
  4. A legalized copy of death certificate, endorsed by the local administrative office.
  5. A legalized copy of Death certificate from the physician. In the event that the Insured died outside the territory of the Republic of Indonesia, the Certificate must be legalized by the Consulate General of the Republic of Indonesia.
  6. A legalized copy of death certificate from the police, (in case of death claim caused by an accident or due to unusual event).
  7. Other Information or other documents deemed necessary by the Insurer, in connection with the claim submission.

• Insurance fee is included in the paid premium.
• Free of Administration Fee.
• Policy Printing Fee is IDR 50.000 (Debited from the investment fund in the first year).
• Withdrawal fees based on the term of fund placement are as follows:
• Fund placement for less than 1 year : 1% of the withdrawn fund.
• Fund placement from 1 - 2 years : 0.5% of the withdrawn fund.
• Fund placement for more than 2 years : Free of charge
• Acquisition cost, commision, and other fees have been included in the Insurance Premium where the insurance premium is 50% (fifty percent) of the paid Premium.
• Premi Top Single Top Up premium which has been paid to the Insurer, will be subtracted by 4% of Top Up Fee from the Single Top Up premium .
• Investment management fee of maximum 3% per year from the Investment management fund for type of Balanced Fund investment.
• Tax fee on the withdrawal of investment value complies to the applicable laws or government regulations.

*  Sum Insured is 100% of the Death Sum Insured .
**  The unguaranteed value of investments depends on the performance of investment funds and cannot be separated from investment risk.
***  The policy becomes free of premium in the event of a total permanent disability risk in the premium payment period.

• Projected investment value at the end of the coverage period with investment returns assumptions:
  • Low (6%) : IDR 1.663.325.000
  • Medium (10%) : IDR 11.724.666.000
  • High (14%) : IDR 83.133.068.000

• Multi Protection Investa an insurance product from PT Equity Life Indonesia. policy issued, closing products, claims, and all the risks that might be arised along the insurance period is the responsibility of PT Equity Life Indonesia.
• The performance of investment returns is not guaranteed by PT Equity Life Indonesia and depends entirely on the market mechanism. The value of the investment can be less than the value of the funds invested.