MyProtection Growth
MyProtection Growth is an efficient protection solution for optimal long term investment potential, offering a selection of sub-funds that can be tailored to your financial plans for the future, ensuring you stay protected against various life risks.
Advantages of MyProtection Growth
(i) 100% of first-year premium for policies in Rupiah; or
(ii) 50% for policies in US Dollar, payable at the end of the 5th policy year(3).
(i) 103% for Rupiah policies; or
(ii) 101.5% for US Dollar policies(4).
Notes:
- The premium will be automatically allocated as follows: 10% to the Regular Basic Premium Account and 90% to the Regular Top-Up Premium Account starting from Policy Year 1 and onwards. The premium allocation will serve as Investment Fund, including the Persistency Bonus Benefit, which will be paid at the end of Policy Year 5 amounting to:
- 100% for policies in Rupiah currency; or
- 50% for policies in US Dollar currency, based on the premium paid in Policy Year 1, in accordance with the terms and conditions of the Policy.
- The Investment Fund will be used to purchase Units based on the premium allocation percentage to the investment as stated in the Policy and according to the chosen Sub-Fund.
- The value of the Persistency Bonus Benefit will be used to purchase Units based on the latest Sub-Fund selected by the Policyholder as recorded in Allianz’s system, referring to the Unit Price at the end of Policy Year 5 and in accordance with the latest Investment Fund allocation percentage recorded in Allianz’s system. The purchased Units will be added to the Premium Units.
- An additional premium allocation of:
- 3% for policies in Rupiah currency; or
- 1.5% for policies in US Dollar currency,
starting from Policy Year 6 and onwards, will be allocated to each of the Regular Basic Premium Account and Regular Top-Up Premium Account based on the premium allocation, provided that the Life Assured is still alive and subject to the prevailing product terms and conditions.
- In accordance with the applicable product feature terms and conditions.
MyProtection Growth Benefits
- Death Benefit
In the event that the Life Assured passes away during the Insurance Period, PT Asuransi Allianz Life Indonesia will pay the Death Benefit to the Beneficiary in the amount of the Sum Assured as stated in the Policy Data or any applicable Endorsement, plus the investment benefit in the form of the Investment Value balance in the Policy as of the date the Death Benefit claim is approved.
Specifically for Life Assured who are aged below and/or up to 5 (five) years old, the Death Benefit amount based on the Sum Assured will be paid in accordance with the following provisions:
Age of the Life Assured at the time of death (years)
Death Benefit payable
≤1
20%
2
40%
3
60%
4
80%
≥5
100%
- Investment Benefit
PT Asuransi Allianz Life will pay this benefit in the amount of the Investment Value balance in the Policy in the following cases:- If the Life Assured passes away during the Insurance Period, to the Beneficiary; or
- If the Life Assured survives until the end of the Insurance Period, to the Policyholder; or
- If your Policy is terminated or cancelled, where there is a remaining Investment Value after deduction of the Policy Surrender Charge (if applicable) and any other obligations (if any), to the Policyholder.
- Persistence Bonus Benefit
PT Asuransi Allianz Life Indonesia will pay the Persistency Bonus Benefit to the Policyholder at the end of the 5th (fifth) Policy Year in the amount of:- 100% (one hundred percent) for policies in Rupiah currency; or
- 50% (fifty percent) for policies in US Dollar currency,
based on the total Premium paid in the 1st (first) Policy Year, subject to the following terms and conditions:
- The policy has never been lapsed or terminated and must always remain in force;
- The Life Assured is still alive at the end of the 5th (fifth) Policy Year when the Persistency Bonus Benefit is paid;
- There has been no change in the Sum Assured or Premium from the Policy Commencement Date until the end of the 5th (fifth) Policy Year;
- Premiums from the Policy Commencement Date until the end of the 5th (fifth) Policy Year have been paid on time;
- The Policyholder has not made any Investment Value withdrawals from the Policy Commencement Date until the end of the 5th (fifth) Policy Year;
- The value of the Persistency Bonus Benefit will be used to purchase Units based on your most recently recorded Sub-Fund selection in Allianz’s system, referring to the Unit Price at the end of the 5th (fifth) Policy Year and according to the latest Investment Fund allocation percentage recorded in Allianz’s system. The purchased Units will be added to the Premium Units; and
- The Persistency Bonus Benefit will terminate once the process described in item (f) above has been completed.
- Maturity Benefit
If the Life Assured is still alive until the End of Coverage Date, the Policy will terminate and PT Asuransi Allianz Life Indonesia will pay the Maturity Benefit consisting of the entire Investment Value balance* (if any) to the Policyholder.
*) The Investment Value is not guaranteed and may fluctuate over time, depending on the performance of the chosen Sub-Fund.
(All insurance benefits will be paid by PT Asuransi Allianz Life Indonesia after deducting any other obligations (if applicable).)
Terms and Conditions of MyProtection Growth
| Entry Age | Insured: 1 month – 70 years (nearest birthday) Policyholder: Minimum 18 years old |
| Currency Options | IDR and USD |
| Coverage Period | Until the age of 100 |
| Premium Payment Term | Until the age of 99 |
| Payment Frequency |
Regular Premium (Monthly, Quarterly, Semi-annually, Annually) |
| Premium |
Minimum:
Maximum:
|
| Sum Assured |
Higher of IDR 100,000,000 / USD 50K OR 5 times Annual Basic Premium |
| Underwriting |
For entry age 1 month – 60 years:
For entry age 61 – 70 years:
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Available Sub-funds
|
Risk Profile |
Sub-fund Options |
Investment Strategy |
Fee(1) |
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Money Market Instruments |
Fixed Income Instruments |
Equity Instruments |
Instrument Allocation |
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In Indonesia |
Offshore |
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Conservative |
Smartlink Rupiah Money Market Class B Fund |
100% |
0% |
0% |
100% |
- |
1,5% |
|
Moderate |
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 |
50 – 75% |
50 – 75% |
25 – 50% |
100% |
- |
2% |
|
|
Smartwealth Dollar Multi Asset Class B Fund |
0 – 20% |
0 – 79% |
0 – 79% |
- |
100%(2) |
1,75% |
|
|
Moderate-Agressive |
Smartlink Rupiah Balanced Plus Class B Fund |
25 – 50% |
25 – 50% |
50 – 75% |
100% |
- |
2% |
|
Smartwealth Liquiflex Class B Fund |
0 – 79% |
0% |
0 – 79% |
100% |
- |
2% |
|
|
Agressive |
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 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 Asia Pacific Class B Fund |
0 – 20% |
0% |
80 – 100% |
- |
100%(3) |
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% |
|
|
Smartwealth Dollar Equity Global Artificial Intelligence Fund |
0 – 20% |
0% |
80 – 100% |
- |
100%(2) |
2% |
|
Notes:
- Investment management fees are applied annually based on the selected sub-fund.
- In the global market.
- In the Asia Pacific region.
- Investing in Chinese issuers.
Description of Investment Instruments:
- Money market instruments: deposits, Bank Indonesia Certificates (SBI), Treasury Bills (SPN), and/or bonds with a maturity of less than 1 year.
- Fixed income instruments: government bonds, corporate bonds.
- Equity instruments: directly through shares.
Merging and/or switching of sub-funds is allowed for the same currency, with a minimum of 5% for each sub-fund type and must be in multiples of 5%.
Illustration of MyProtection Growth Benefits
Investment allocation assumption: 100% in Smartlink Rupiah Equity Class B Fund
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Dani Financial Plan Needs: Protection to maintain an optimal financial plan in the future. |
Projection Table of Investment Value and Death Benefit (in thousands of Rupiah) |
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Notes:
The table above includes the Persistency Bonus Benefit of (i) 100% for policies in Rupiah currency; or (ii) 50% for policies in US Dollar currency of the total premium paid in Policy Year 1, which is paid at the end of Policy Year 5 in accordance with the terms and conditions of the Policy. The above illustration example is not binding and does not constitute an insurance contract and is not part of the MyProtection Growth Policy. |
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Notes:
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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 Growth is an insurance product issued by PT Asuransi Allianz Life Indonesia. PT Bank Maybank Indonesia Tbk (“Bank”) acts solely as a referrer for MyProtection Growth.
- MyProtection Growth is not a Bank product; therefore, the Bank is not responsible for any claims or risks arising from the management of this product’s portfolio. MyProtection Growth is not guaranteed by the Bank or its affiliates and is not covered by the guarantee program of the Government of the Republic of Indonesia or the Indonesia Deposit Insurance Corporation (“LPS”). The Bank is not responsible for policies issued by PT Asuransi Allianz Life Indonesia. The management of the Investment Fund based on the selected MyProtection Growth Sub-Funds is conducted by PT Asuransi Allianz Life Indonesia and/or Investment Managers appointed by PT Asuransi Allianz Life Indonesia and is the responsibility of PT Asuransi Allianz Life Indonesia. The performance of the Sub-Fund options from PT Asuransi Allianz Life Indonesia can be found in the monthly Fund Fact Sheet reports.
- PT Bank Maybank Indonesia Tbk is licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia.
- Investment in capital market instruments carries market risks. The performance of Sub-Funds is not guaranteed; Unit prices and income from Sub-Funds can increase or decrease. Past performance of Sub-Fund options is not indicative of future performance. Complete information is available in the Fund Fact Sheet.
- Paid premiums include commissions for the Bank.
- More detailed explanations regarding terms and conditions, including detailed fee charges and exclusions, can be found in the General Product and Service Information Summary (RIPLAY) and the Personal Product and Service Information Summary (RIPLAY) as well as the Policy.
- PT Asuransi Allianz Life Indonesia reserves the right to reject your MyProtection Growth Policy application if you do not meet the applicable requirements and regulations.
- MyProtection Growth, an Investment-Linked Insurance Product (PAYDI), is an insurance product. The investment component in PAYDI carries risks. Prospective Policyholders must read and understand the General and Personal Product and Service Information Summaries (RIPLAY) before deciding to purchase PAYDI. Past investment performance of PAYDI does not reflect future investment performance.
- PT Asuransi Allianz Life Indonesia is licensed and supervised by the Financial Services Authority, and its marketing personnel hold licenses from the Indonesian Life Insurance Association.
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