MyProtection Infinite II

MyProtection Infinite II is a life insurance product with periodic 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 Infinite II

Policy for protection during productive age and potential investment value during old age.
105%(1) allocation of Periodic Basic Premium as Investment Fund(2) since the 6th Policy year onwards for potential Investment Value.
Using one price in buying and selling Units.
Provide Critical Illness(3) Benefits and Medical Assistance Services.
Potential for long-term reduction in Insurance Costs(4) for maximum potential Investment Value.
Maximum Sum Assured for certain age of entry of the Insured without medical requirements.(5)
Persistence Bonus Benefit of 70% of the Periodic Basic Premium at the end of the 5th (6) policy year.
Investment Opportunities in Indonesia, Asia Pacific, and global markets.
(1) Specifically for the allocation of Periodic Top Up Premium and/or Single Top Up Premium as Investment Fund: 95% of the Periodic Top Up Premium and/or Single Top Up Premium.
(2) 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.
(3) Benefits of Critical Illness for one of the 3 types of advanced Critical Illness.
(4) The potential reduction in Life Insurance Costs is not guaranteed and is based on whichever is greater, between the Life Coverage Value or 5 times the value of the annualized Periodic Basic Premium, as well as the age of the Insured from time to time.
(5) In accordance with applicable product features.
(6) The Persistence Bonus benefit 70% of the total Periodic Basic Premium that has been paid or the annualized Periodic Basic Premium in the 1st Policy Year (excluding Periodic Top Up Premium and/or Single Top Up Premium (if any).


Benefit of  MyProtection Infinite II

  • Death Benefits
    If during the insurance period the insured dies, then PT Asuransi Allianz Life will pay the death benefit to the beneficiary in the amount of which is greater between: 
    1. The Sum Insured of Life on the date of approval of the claim; or
    2. 5 (five) times of the value of the annualized Periodic Basic Premium,
    3. added with investment benefits in the form of the balance of the Investment Value that existed on the date the death benefit claim was approved.
  • Critical Illness Benefit (CI Accelerated)   
    1. If during the Insurance Period the Insured suffers from one of the Critical Illnesses, as diagnosed by a specialist Doctor (as specified in the Special Conditions of the Policy), PT Asuransi Allianz Life will pay the Critical Illness Benefit to the Policyholder in the amount of Critical Illness Sum Assured after We receive and approve the evidence claims submitted by the Policy Holder.
    2. The maximum amount of Critical Illness Coverage that PT Asuransi Allianz Life can pay for this policy is IDR5,000,000,000 (five billion Rupiah). 
    3. Payment of the Critical Illness Benefit :
      • will only be paid 1 (one) time during the Insurance Period 
      • will be done after calculating all other obligations of the Policy Holder under the Policy, if any 
      • reduce the sum insured (for the purpose of calculating the sum insured) in the amount of sum insured for critical illness that has been paid; And
      • will automatically result in the end of this Critical Illness Benefit.
    4. If the Insured still alive for 3 (three) years from the date of diagnosis of one of the Critical Illnesses and the submission of a claim has been approved by PT Asuransi Allianz Life, then the sum insured (which has previously been deducted from the sum insured of critical illness that has been paid) will return to normal for the purpose of calculating the Life Coverage Value.
  • 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 dies during the Insurance Period, to the Beneficiary; or
    2. The Insured lives until the end of the Insurance Period, to the Policy Holder; or
    3. Your Policy is cancelled, with Investment Value left after deducting the Policy Redemption Fee (if applicable) and other obligations (if any), to the Policy Holder.
  • Persistence Bonus Benefits
    PT Asuransi Allianz Life will pay a Persistence Bonus Benefit to Policyholders at the end of the 5th (fifth) Policy Year in the amount of 70% (seventy percent) of the total Periodic Basic Premium that has been paid or the Annual Basic Periodic Premium in the 1st(first) Policy Year (but excluding Periodic Top Up Premium and/or Single Top Up Premium (if any)) with the following terms and conditions :      
    1. The policy can never be canceled or expired and must always be active;
    2. The insured is still alive at the end of the 5th (fifth) Policy;
    3. Periodic Basic Premium from the Effective Policy Date until the end of the 5th (fifth) Policy Year is always paid on time;
    4. The Policyholder has never withdrawn the Investment Value of the Periodic Basic Premium from the Effective Date of the Policy until the end of the 5th (fifth) Policy Year;
    5. The value of the Persistence Bonus Benefit will be used to buy Units in accordance with the sub-fund of your choice which is recorded last in our system with reference to the Unit Price at the end of the 5th (fifth) Policy Year and according to the percentage of Investment Fund allocation recorded last in our system. The unit purchased will be an addition to the Periodic Basic Premium Unit; and
    6. The Benefits of the Persistence Bonus will end after the process referred to point (e) above is completed.
  • End of Contract Benefit 
    If the Insured is still alive until the End of Coverage Date for Basic Insurance, then PT Asuransi Allianz Life will pay the investment benefits in the form of the entire balance of Investment Value (if any) to the Policy Holder.    
  • Additional Benefit option (Rider) of MyProtection Infinite II :investment benefits in the form of the entire balance of Investment Value (if any) to the Policy Holder.

    1. Compensation for 100 critical illness conditions (CI 100). 
    2. Compensation for death & permanent disability due to an accident (ADDB).
    3. 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).
    1. Reimbursement of hospital care costs according to bills around the world (Prime Medical Protection).
    2. Premium Payment by Allianz if the Premium Payer/Spouse:
    3. Passed away (Payor Protection, Spouse Payor Protection).
    4. Diagnosed with a critical illness / total permanent disability (Payor Benefit, Spouse Payor Benefit).
    5. Additional Coverage only available for new Policy submissions.
    6. Special CI 100 Additional Coverage is only available in basic policies with a choice of Rupiah currency.
    7. Prime Medical Protection cannot be taken together with Additional Hospital & Surgical+ Coverage in other products (if any).
 

Notes :

In the event that you submit to PT Asuransi Allianz Life a request not to apply the elimination period and/or waiting period (whichever is appropriate) in relation to the additional coverage that you have chosen ("Additional Application"), you, the prospective insured, the prospective premium payer and/or the prospective Premium Paying Spouse (whichever is appropriate) must meet additional requirements that We will determine in accordance with Our underwriting policy. We reserve the right to refuse an Additional Application submitted in the event that you, the prospective Insured, the prospective Premium Payer and/or the prospective Premium Paying Spouse (whichever is appropriate) do not meet the requirements of our underwriting policy.

Sub Fund Options

Investment Strategy
Risk Level Sub Fun Option Money Market Instruments Fixed Income Instruments Stock Instruments Allocation of Share Instruments
In Indonesia Offshore Cost (1)
  Smartlink Rupiah Money Market Class B Fund  100%  0%  0%  100%   - 1,5% 
  Smartlink Rupiah Fixed Income Class B Fund  0-20%  80-100%   0%  100%   - 2% 
Smartlink Dollar Managed Class B Fund  0-20%   80-100%  0%  100%   - 1,5% 
Smartlink Rupiah Balanced Class B Fund  100%  25-50%   100%   - 2% 
Smartwealth Dollar Multi Asset Class B Fund  0-20%   0-79%  0-79%    100% (2) 1,75% 

Smartlink Rupiah Balanced Plus Class B Fund  25-50%           50-75%   100%   - 2% 
Smartwealth Liquiflex LQ45 Class B Fund  0-79% 0%  0-79%  100% - 2% 
  Smartlink Rupiah Equity Class B Fund 0-20% 0%   80-100%  100% - 2% 
Smartwealth Equity Small Medium Capital Class B Fund 0-20% 0%   80-100%  100% - 2% 
Smartwealth Dollar Asia Pacific Class B Fund 0-20% 0%   80-100%  - 100% (3) 2% 
Smartwealth Equity Indoconsumer Class B Fund 0-20% 0%   80-100%  100% - 2% 
Smartwealth Equity Infrastructure Class B Fund 0-20% 0%   80-100%  100% - 2% 
Smartwealth Rupiah Equity Rotation Class B Fund 0-20% 0%   80-100%  100% - 2% 
Smartwealth Dollar Equity All China Class B Fund 0-20% 0%   80-100%  - 100% (4) 2% 
Smartwealth Rupiah Equity Sustainable Indonesia Fund 0-20% 0%   80-100%  100% - 2% 
  Konservatif   Moderat   Moderat   Agresif

Notes :

(1) Investment Management Fee for the Investment Fund per year based on the choice of Sub Funds 
(2) In global market
(3) In Asia Pasific

    • Money Market Instruments : Deposit, SBI. SPN, and/or bond under 1 year.
    • Fixed Income Instruments : Government bond, Corporation bond.
    • Stock Instruments : Directly through stock.

Extra Periodic Basic Premium Allocation 
Get extra allocation of Periodic Basic Premium(1) as Investment Fund(2) since the 6th Policy Year and so on.

Alokasi Premi Dasar Berkala(1) Rupiah Dolar AS
1st Year 70% 70%
2nd Year 95%  95% 
6th Year, etc 105% 105%

(1) Specifically 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.
(2) 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.

Notes :

Allocation of Periodic Basic Premiums as Investment Funds in the table above includes a Persistence Bonus Benefit of 70% of the amount of Regular Basic Premiums paid or Annual Basic Premiums annually in the 1st Policy Year (excluding Periodic Top Up Premiums and/or Single Top Up Premiums (if any)) paid at the end of the 5th Policy Year according to the terms and conditions of the Policy.

Terms and Condition of MyProtection Infinite 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)

Premium Minimum Periodic Basic Premium :
Annually
Rp120.000.000,- / USD12,000 
Semester Rp60.000.000,- / USD6,000 
Quarterly Rp30.000.000,- / USD3,000 
Monthly Rp10.000.000,- / USD1,000

The amount of the Regular Basic Premium cannot be changed (added/deducted)

Minimum Periodic Top Up Premium :

Annually Rp5.000.000,- / USD500 
Semester Rp2.500.000,- / USD250 
Quarterly Rp1.250.000,- / USD125 
Monthly Rp400.000,- / USD40 
Maximum Periodic Top Up Premium 3 times of Periodic Basic Premium

Minimum Single Top Up Premium

Rp1.000.000,- / USD200

Maximum Single Top Up Premium

5 times of Basic Sum Insured per Year.

Total Premium more than Rp2.000.000.000,-/ USD200,000 with financial underwriting

Sum Insured
 

Minimum :
Rp.5.000.000.000,- (five billion rupiahs)

Maximum :
In accordance with the provisions of the maximum multiplier for the Sum Assured
Maximum Sum Assured for those who do not earn, children (until 17(seventeen) years old), student and housewife Rp8.000.000.000,- (eight billion rupiahs).

Product illustration of MyProtection Infinite II

Product illustration of MyProtection Infinite II
Insured Name
Age : Dani 35 years old
Gender : Man
Job Class : 1              

Needs
Protection of wealth development to maintain the quality of life for his family.

Total Periodic Premium: Rp250.000.000,-  per year for 21 years
(Periodic Basic Premium: Rp150.000.000 ,- + Periodic Top Up Premium: Rp100.000.000,-)

Sum Insured: Rp8.000.000.000,-  Passed Away

Partial withdrawal of Top Up Premium Investment Fund at the end of the 25th Policy Year in the amount of IDR1,000,000,000 

Investment Level Assumptions per Year: 1%, 0%, 5%, dan 10%.

Premium Payment Plan: 21 Years
The Premium Payment Plan is a premium payment term plan determined by the Policy Holder and does not mean that the Policy Holder is only obliged to pay Premiums during that period MyProtection Infinite II product is a long-term insurance product. To keep the Policy valid continuously until the end of the Insurance Period. The Policyholder must pay the Premium on each payment due date during the Insurance Period.

  • 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 99 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."
  • The Investment Value Projection above is only an illustration and does not describe the actual investment performance.
  • The Death Benefit is whichever is greater: The Sum Insured on the date the claim is approved; or 5 (five) times the value of the annualized Periodic Basic Premium, plus the investment benefit in the form of the balance of the Investment Amount that existed on the date the death benefit claim was approved.

Benefit Illustration of MyProtection Infinite II
Assumed level of investment per year
5%
with 100% placement at Smartlink Rupiah Equity Class B Fund
The need for a financial plan:

Protection of wealth development to maintain the quality of life for his family

Total of periodic premium Rp250.000.000,-

(Regular Basic Premium Rp150.000.000,- + Single Top Up Premium Rp100.000.000,-) per year for 21 years of the policy

Sum Insured: Rp8.000.000.000,-

  1. The Assumption of the Death Benefit  is calculated based on whichever is greater between the Life Coverage Value on the date of approval of the claim or 5 times from the value of the annualized Periodic Basic Premium plus investment benefits in the form of a balance of the Investment Value existing on the date of approval of the claim for Death Benefit depends from the performance of the selected Sub Fund or partial withdrawal of Investment Value (if any).
  2. The investment value assumption is uncertain and not guaranteed, depending on the performance of the selected Sub Fund.
  3. The Persistence Bonus is paid at the end of the 5th Policy Year in the form of an additional investment unit worth 70% of the amount of the Regular Basic Premium that has been paid or the annualized Periodic Basic Premium in the 1st Policy Year (does not include Periodic Top Up Premium and/or Single Top Up Premium (if any)) The Persistence Bonus will be given on the condition that the Policy is never canceled or expires and must always be active, The insured is still alive at the end of the 5th Policy Year. The Periodic Basic Premium from the Effective Date of the Policy until the end of the 5th Policy Year is always paid on time, The Policyholder has never withdrawn the Investment Value of the Periodic Basic Premium from the Effective Date of the Policy until the end of the 5th Policy Year. The Benefit Value of the Persistence Bonus will be used to purchase Units according to the selected Sub Fund.
    The Policyholder who is last recorded in the Allianz system with reference to the Unit Price at the end of the 5th Policy Year and in accordance with the percentage of Investment Fund allocation last recorded in the Allianz system The unit purchased will be an addition to the Regular Basic Premium Unit. referred to in the previous sentence has been completed.
  4. The potential reduction in Life Insurance Costs is not guaranteed and is calculated based on whichever is greater between the Life Coverage Value or 5 times the annualized Periodic Basic Premium value and the age of the Insured from time to time.
  5. Critical Illness Coverage which reduces the amount of the Sum Assured (for the purpose of calculating the Life Coverage Value) if diagnosed by a specialist as suffering from one of the 3 types of advanced Critical Illness, the Critical Illness Coverage is calculated at 20, whichever is the greater between the Life Cover Amount which will be calculated on the date when the Insured is diagnosed by a specialist (as specified in the Special Terms of the Policy), suffering from one of the 3 types of Critical Illness or 5 times of the value of the annual Periodic Basic Premium.
     

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 Infinite 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 Infinite II.
  • MyProtection Infinite 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 Infinite 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 Infinite 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 Sub Fund is not guaranteed, unit prices and income from the Sub Fund may increase or decrease. The past performance of Sub Fund 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 Infinite 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. 

Product Summary Information

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