MyProtection Amanah
is a Sharia-based Life Insurance Product with Regular Contribution that provides a combination of life protection along with investment opportunities in various Sub-funds based on their specific needs
Advantages of MyProtection Amanah
MyProtection Amanah Benefit
- Death Benefit
If the Insured Party passes away during the Insurance Period, PT Asuransi Allianz Life Syariah Indonesia shall pay the Death Benefit to the Beneficiary in the amount of the Sum Assured as stated in the Policy Data or Endorsement, if any, plus investment benefit in the form of the Investment Value balance available under the Policy until the date of the approval of the Death Benefit claim.
For Insured Party under and/or up to the Age of 5 (five) years old, the Death Benefit in the amount of the Sum Assured shall be paid in accordance with the following provisions:Age of Insured Party at the time of death (years) Death Benefit Payable ≤ 1 20% of the Sum Assured 2 40% of the Sum Assured 3 60% of the Sum Assured 4 80% of the Sum Assured ≥ 5 100% of the Sum Assured - Funeral Benefit
If the Insured Party passes away during the Insurance Period, in addition to the Death Benefit, PT Asuransi Allianz Life Syariah Indonesia shall also pay a Funeral Benefit to the Beneficiary amounting to IDR 30,000,000 (thirty million Rupiah) as stated in the Policy Data. - Investment Benefit
PT Asuransi Allianz Life Syariah Indonesia shall pay this benefit in the amount of Investment Value balance under this Policy to:- in the event that the Insured Party passes away during the Insurance Period, the Beneficiary; or
- in the event that the Insured Party is still alive until the end of the Insurance Period, the Participant; or
- in the event that the Participant’s Policy is terminated or cancelled, where there is Investment Value remaining after deducting Policy Surrender Ujrah (if applicable) and other obligations (if any), the Participant.
- Maturity Benefit
If the Insured Party is still alive until the Insurance End Date for the Basic Insurance as stated in the Policy Data, the Policy is terminated and PT Asuransi Allianz Life Syariah Indonesia shall pay Maturity Benefit in the amount of the entire Investment Value balance (if any) to the Participant. - Loyalty Bonus Benefit
- PT Asuransi Allianz Life Syariah Indonesia shall grant a Loyalty Bonus Benefit to the Participant at the end of Policy Year 6 (six) until the end of Policy Year 25 (twenty-five) (each, a “Loyalty Bonus Payment Period”). The Loyalty Bonus Benefit on each Loyalty Bonus Payment Period shall be 5% (five percent) of the total Regular Contribution in the first Policy Year.
- The Loyalty Bonus Benefit shall be credited into the Investment Value derived from Regular Contributions and allocated to the Sub-Fund selected by the Participant (based on the applicable Sub-Fund allocation on the Loyalty Bonus Payment Period) according to the Unit Price at the time the Loyalty Bonus Benefit is granted.
- Loyalty Bonus Benefits will only be granted if, on each Bonus Granting Date, all of the following terms and conditions are fulfilled:
- The Policy has never lapsed and remains active;
- The Insured Party is still alive at the end of the Loyalty Bonus Payment Period;
- Regular Contributions shall always been paid in accordance with the provisions set out in the General Policy Terms;
- The Participant has not made any withdrawals from the Investment Value derived from Regular Contributions and/or Top-Up Contributions (if any) during the first 5 (five) Policy Years and during each Policy Year in which the Loyalty Bonus Benefit is granted (Current Policy Year);
- The Loyalty Bonus Benefit shall not apply and shall be deemed forfeited if a Contribution Holiday occurs at any time during a Policy Year, even if on the Loyalty Bonus Payment Period (at the end of such Policy Year) the Participant is no longer under Contribution Holiday status. For avoidance of doubt, this provision also applies where the Contribution Holiday was initiated in a previous Policy Year but continues, in whole or in part, during the relevant Policy Year. The Loyalty Bonus Benefit shall resume for the following Policy Year provided that the Contribution Holiday has ended prior to the start of the next Policy Year, Regular Contributions have resumed, and other applicable Policy terms and conditions are fulfilled; and
- The Participant has never reinstated the Policy since the Policy Start Date.
MyProtection Amanah Terms and Conditions
| Entry Age - Participant | Minimum 18 years old (nearest birthday). | ||||||||||||||
| Entry Age – Life Assured | 1 month – 70 years old (nearest birthday). | ||||||||||||||
| Contribution Provisions |
Minimum regular contribution:
Maximum regular contribution:
Minimum Single Top Up Contribution IDR1,000,000 Maximum
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| Currency | Indonesian Rupiah (IDR). | ||||||||||||||
| Underwriting |
Entry Age 1 month – 60 years
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| Insurance Benefit |
Minimum: Subject to minimum multiplier requirements for Insurance Benefits. Maximum: Subject to maximum multiplier requirements for Insurance Benefits. Maximum Insurance Benefit for children (up to age 17): IDR 3,000,000,000. |
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| Insurance Charge |
Insurance Charge shall be imposed from the issuance of the Policy through the monthly deduction of the Regular Basic Contribution Unit on the Ujrah Payment Date* as long as the Policy is in effect. Insurance Charge shall increase from time to time and depend on: The Sum Assured for Basic Insurance and Riders, if applicable, the Age of the Insured Party from time to time, the gender of the Insured Party, medical condition, occupation and hobbies. Insurance Charge is used to pay (i) Tabarru’ Charge; dan (ii) Risk Management Ujrah with the following allocation:
The allocation of the insurance premiums described above may change from time to time in accordance with the applicable rules or policies of the Manager and will be updated on the official Maybank website. For clarity, these insurance premiums will be charged up to the premium payment end date as stated in the policy data. * Ujrah Payment Date: Due date for the payment of Ujrah, starting from the Policy Effective Date and every subsequent month. |
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| Risk Management Ujrah | This Ujrah is imposed at 50% of the Insurance Charge payable monthly on the Ujrah Payment Date as long as the Policy is in effect. | ||||||||||||||
| Investment Fund Management Ujrah | The maximum Ujrah is 2% (two percent), in accordance with Your selected Sub-funds which shall be imposed annually on Your Policy. | ||||||||||||||
| Investment Value Calculation** |
The value of the total Regular Contributions and Single Top-Up Contributions (if any) formed within the Policy based on the Unit Price at a given time. Unit Price depends on the performance of the selected Sub-Fund investments. |
Available Sub-Fund Options
| Risks Level | Sharia Sub-Fund Option | Investment Strategy | Ujrah* | ||||
|---|---|---|---|---|---|---|---|
| Money Market Sharia Instruments | Fixed Income Sharia Instruments | Sharia Stocks | Allocation of Sharia Instruments | ||||
| In Indonesia | Offshore | ||||||
| Conservative | Allianz Syariah Rupiah Money Market Class B Fund | 100% | 0% | 0% | 100% | – | 1% |
| Moderate | Allianz Syariah Rupiah Fixed Income Class B Fund | 0 – 20% | 80 – 100% | 0% | 100% | – | 2% |
| Allianz Syariah Rupiah Balanced Class B Fund | 25 – 50% | 50 – 75% | 100% | – | 2% | ||
| Aggresive | Allianz Syariah Rupiah Equity Class B Fund | 0 – 20% | 0% | 80 – 100% | 100% | – | 2% |
* Investment Management Ujrah on the Investment Fund per year in accordance with Sub-fund option.
Notes:
- Sharia Money Market Instruments : Sharia deposits, Sharia SBI, Sharia SPN, and/or sukuk/Sharia bonds maturing of less than 1 year
- Sharia Fixed Income Instruments : Government sukuk/sharia bond, corporate sukuk/sharia bond.
- Sharia Equity Instruments : Direct investments in Sharia stock
MyProtection Amanah Product Illustration
Assumed Annual Investment Return Rates: -1%, 0%, 5%, and 10%.
|
Insured Party Name : Jonas CONTRIBUTION DETAILS
Regular Contribution : IDR200,000,000 |
Financial Planning Needs:
Contribution: IDR200,000,000 |
Table of Projected Investment Value of Contribution Paid (in thousands of Rupiah)
- If *** appears on the "Investment Value Projection Table", it indicates that, based on the investment rate assumptions set by Us, Your Investment Value is no longer sufficient to pay the Ujrah specified in the Policy and the Policy will terminate. You are advised to always make Contribution payments until the Insured Party reaches 99 years of age so that Your Investment Value is maintained and sufficient to pay the Ujrah specified in the Policy.
- The above illustration of benefits is based on the assumed investment rate per year for the allocation of the Sub-fund options You selected above.
- The above illustration or projection of Investment Value is not binding and does not constitute an insurance agreement and is not part of the Policy.
- The above illustration or projection of Investment Value 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 deterioration of investment returns.
- Investment Value is the value of the total Regular Basic Contribution Units, Regular Top-Up Contribution Units and Single Top-Up Contribution Units that have accured in this Policy based on the Unit Price at a specific point in time.
- The Investment Value may be less than the amount of Contribution paid or the portion of Contribution invested.
- The Investment Value is not guaranteed, may increase or decrease depending on the performance of the Sub-fund selected by You and is not free from investment risk. The past performance of a Sub-fund does not necessarily reflect the future performance of that Sub-fund.
- The illustration above has taken into account the Acquisition and Supplementary Ujrah, Insurance Charge, Risk Management Ujrah, Administration Ujrah, Fund Switching Ujrah, Policy Surrender Ujrah, Contribution Holiday Ujrah and Investment Fund Management Ujrah, the frequency and imposition of which are as stated in “Understand the Ujrah associated with Your Policy”.
- The above Investment Value projection is only an illustration and does not represent actual investment performance. D
- Death Benefit is the Sum Assured and potential Investment Value given when the Insured Party passes away during the Insurance Period and Active Policy status.
Illustration Benefit
|
Assumed Annual Investment rate
5% |
Jonas |
Financial Planning Needs: |
Notes:
- Investment Value Potential is not guaranteed and may change or may increase or decrease from time to time and is not free from investment risk, depending on the allocation performance of the Sub-fund options selected by You based on the assumed investment rate per year.
- The Investment Value assumption above is only an illustration and does not describe the actual investment performance and is calculated based on the value of the total Regular Basic Contribution Units, Regular Top-Up Contribution Units and Single Top-Up Contribution Units that have been formed in the Policy based on the Unit Price at a certain time.
- The illustration of Benefits above has taken into account the Acquisition and Supplementary Ujrah, Insurance Charge, Administration Ujrah and Investment Fund Management Ujrah whose frequency and imposition of the amount as stated in “Understand the Ujrah associated with Your Policy“.
About Allianz
About Allianz Group
Allianz Group is a leading global insurance and asset management company with more than 122 million individual and corporate customers in over 70 countries. Allianz customers benefit from a wide range of insurance services, including individual and group insurance, covering property, life, and health, as well as credit insurance assistance and global business insurance services. Allianz is one of the world’s largest investors, managing insurance customer funds exceeding 714 billion Euros. Meanwhile, our asset managers, PIMCO and Allianz Global Investors, manage an additional 1.7 trillion Euros of third-party assets. Thanks to the systematic integration of ecological and social criteria in business processes and investment decisions, Allianz holds a leading position among insurance companies in the Dow Jones Sustainability Index. In 2022, Allianz Group employed 159,000 people and achieved total revenues of 152.7 billion Euros with an operating profit of 14.2 billion Euros.
About Allianz in Asia
Asia is one of Allianz’s core growth regions, characterized by cultural, linguistic, and traditional diversity. Allianz has been present in Asia since 1910, initially providing fire and marine insurance in coastal cities of China. Today, Allianz operates in 15 markets across the region, offering a wide range of insurance products with core businesses in property and casualty insurance, life insurance, protection and health solutions, and asset management. With more than 36,000 staff, Allianz serves the needs of over 21 million customers in the region through various distribution channels and digital platforms.
About Allianz Indonesia
Allianz began its business in Indonesia by opening a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Subsequently, Allianz entered the life, health, and pension insurance business by founding PT Asuransi Allianz Life Indonesia in 1996. In 2006, Allianz Utama and Allianz Life started their Sharia insurance business. In 2023, PT Asuransi Allianz Life Syariah Indonesia officially began operations as a separate entity providing Sharia-based insurance protection and financial risk management. Today, Allianz Indonesia is supported by more than 1,000 employees and over 40,000 marketing personnel, backed by a network of banking partners and other distribution partners. Currently, Allianz is one of the leading insurance companies in Indonesia, trusted to protect more than 10 million insured individuals.
Important Notes:
- MyProtection Amanah is an insurance product issued by PT Asuransi Allianz Life Syariah Indonesia. PT Bank Maybank Indonesia Tbk (“Bank”) only acts as a referral for MyProtection Amanah.
- MyProtection Amanah is not a Bank product and therefore the Bank shall not be responsible for any and all claims and any risks incurred by the management of the portfolio of this product. MyProtection Amanah is not protected by the Bank and its affiliates and is not covered by the Indonesian Government’s guarantee programme or the Deposit Insurance Agency (“LPS”). The Bank shall not be responsible for the Policy issued by PT Asuransi Allianz Life Syariah Indonesia. The management of the Investment Fund in accordance with the MyProtection Amanah Sub-fund option shall be carried out by PT Asuransi Allianz Life Syariah Indonesia and/or the Investment Manager appointed by PT Asuransi Allianz Life Syariah Indonesia and shall be the responsibility of PT Asuransi Allianz Life Syariah Indonesia. The performance of Sub-Fund option from PT Asuransi Allianz Life Syariah Indonesia may be accessed on the monthly Fund Fact Sheet.
- PT Bank Maybank Indonesia Tbk is a Bank licensed and under the supervision of the Indonesian Financial Services Authority & Bank Indonesia.
- Investment in the capital market carries market risk. The performance of the Sub-fund is not guaranteed, the Unit price and income from the Sub-fund may increase or decrease. The performance of the selected Sub-fund in the past is not an indication of its future performance. Complete information is available in the Fund Fact Sheet.
- More detailed explanation of the terms and conditions, including the detailed and exclusions may be found in the General Summary of Product and Service Information (RIPLAY), Personal Summary of Product and Service Information (RIPLAY) and the Policy.
- PT Asuransi Allianz Life Indonesia reserves the right to reject any MyProtection Amanah Policy application that does not meet applicable requirements and regulations.
- Investment-Linked Insurance Products (PAYDI) MyProtection Amanah is an insurance product. The investment component of PAYDI carries risks. Prospective Participants must read and understand the General Summary of Product and Service Information (RIPLAY) and Personal (RIPLAY) before deciding to purchase PAYDI. The past investment performance of PAYDI does not reflect future investment performance of PAYDI.
- PT Asuransi Allianz Life Syariah Indonesia is licensed and supervised by the Indonesian Financial Services Authority (OJK), and its Marketing Personnel is licensed by the Indonesian Sharia Insurance Association (Asosiasi Asuransi Syariah Indonesia).
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