The Importance of Saving For Retirement

29 July 2022

Everyone want to spend their later years in peace and prosperity. Saving now for retirement will ensure that you have enough money to enjoy a comfortable standard of living when you stop receiving monthly income.

Living expenses

When you are no longer productive in terms of earning money, a retirement fund might help you live your daily life. You don't have to be concerned about how you'll make money in the future. Enjoy life and spend the rest of your days as comfortably as possible with your family.

Future Investment

Having a retirement fund is similar to making an investment for the future. The entire balance of the pension fund may be refunded if it remains unutilized up until the conclusion of the insurance period.

Compensation

Your retirement fund will not simply vanish. In most cases, pension money will be used to compensate for inheritance rights if anything unforeseen occurs.

Hospitalization Cost

You will be more prone to illness as you become older. To prepare for it all, a retirement fund can protect you while having hospital treatment.

Maybank MyProtection Infinite allows you to plan your retirement savings. MyProtection Infinite is a unit-linked life insurance plan that provides protection benefits as well as the possibility for optimum investment value for comfortable life.

MyProtection Infinite has numerous benefits, including:

• Policy providing protection against three critical illnesses while working and potential investment value in retirement.
• Optimal investment allocation with an additional 10% starting with the sixth policy onwards.*
• Update the death benefit value three years after being diagnosed with a critical illness.
• Potentially lower long-term insurance costs** for maximum investment value.
• There is a persistence bonus equal to 70% of the periodic basic premium, at the end of the fifth policy year***
• Submission of a policy with a sum insured of up to IDR 2 billion without the need for medical examination****.
• Anywhere in the world, medical help and evacuation services are available.

5% bid/offer spread (*)
Insurance costs adjusted to the value of life insurance as the investment value approaches and exceeds the specified sum insured. (**)
In accordance with the terms and conditions that apply in the policy. (***)
Depending on the applicable underwriting requirements and the specific insured's entry age. (****)

Please see this page for more details

Get total incentives of up to Rp. 14.2 million by simply follow the three simple actions outlined below:

• Open a Maybank Maksi / Maksi iB Savings account or a Maybank U or U iB Savings account.
  Open a convenient and simple Maybank Savings account via the M2U ID App or by visiting the local branch.
• Request a Maybank Visa Infinite Credit Card
  Maybank Credit Cards offer a welcome bonus of MAPCLUB Points as well as a variety of appealing promotions.
• Placement in Financial or Insurance Products (bancassurance)
  A diverse range of investment and insurance solutions that you may tailor to your specific goals and wealth growth.