MyProtection Simple
MyProtection Simple is a traditional life insurance product with Regular Premium payments that provides death benefits due non-accident and accidental, as well as providing Maturity Benefit after at the end of the Insurance Period if the Insured is still alive on the Coverage End Date.
Advantages of MyProtection Simple
Benefits of MyProtection Simple
- Death Benefit
- If the Insured due to non-accident or accidental causes before the Coverage End Date stated in the Policy Data. PT Asuransi Allianz Life Indonesia will pay the amount of the Sum Assured and the Policy ends.
- Payment of this benefit will be reduced bythe obligation to pay Regular Premium in arrears in the current year (if any), and the Policy ends.
- Death Benefit due to Accident
- If the Insured dies due to an accident before the Coverage End Date stated in the Policy Data. PT Asuransi Allianz Life Indonesia will pay an additional 1 (one) time the Sum Assured and the end of the Policy..
- The sum Assured from this benefit will be paid in addition to the sum Assured from the death benefit.
- Payment of this benefit will be reduced by the obligation to pay Regular Premium in arrears in the current year (if any), and the Policy ends.
- Maturity Benefit
If the Insured is still alive on the End Date of Insurance stated on the Policy Data and the Policy is active, then PT Asuransi Allianz Life Indonesia will pay the Maturity Benefit of 100% (one hundred percent) of the value of Premiums that has been received by PT Asuransi Allianz Life Indonesia throughout the Insurance Period, and the Policy ends. - Online Doctor’s Consultation Services
PT Asuransi Allianz Life Indonesia will provide an Online Doctor’s Consultation Services where PT Asuransi Allianz Life Indonesia will collaboreate with the owner of a digital smartphone application platform that allows the Insured consult with a general practitioner online. This online Doctor’s consultation Services will be provided for a maximum of 5 (five) sessions in the first Policy Year from the Effective Policy Date as long as the Regular Premium payment does not pass the Grace Period as stated in the Policy and the Policy is active.
This service in an additional benefit provided specifically to the Insured under this Policy.
How to Apply for MyProtection Simple
Please contact Maybank Customer Care at 1500-611
Terms & Conditions of MyProtection Simple
Insured Entry Age |
18 - 55 years old (nearest birthday) | ||||||||||||||||
| Policy Holder Entry Age | 18 - 55 years old (nearest birthday) | ||||||||||||||||
| Currency | IDR | ||||||||||||||||
| Insurance Period | 10 years since Effective Policy Date | ||||||||||||||||
| Premium Payment Period | 10 years | ||||||||||||||||
| Premium Payment Frequency | Regular (Annually, Semester, Quarterly and Monthly) |
||||||||||||||||
| Regular Premium | Minimum:
Maximum :
|
||||||||||||||||
| Death Benefit |
Aftermatch of an accident
|
Illustration
Illustration 1
Customer A, entry age at 30 years old when purchasing MyProtection Simple
| Monthly Regular Premium | Premium Payment Period | Insurance Period |
| IDR1,000.000 | 10 years | 10 years |
| Death Benefit | |
| If death occurs due to non-accident, the benefit paid is: | If death occurs due to an accident, the benefit paid is: |
| IDR450,000,000 | IDR900,000,000 |
| 100% Sum Assured: 450 x IDR1.000.000 (Monthly Premium) |
200% Sum Assured: 2 x (450 x IDR1.000.000 (Monthly Premium)) |
| Maturity Benefit | |
| If the Insured is still alive until 40 years of age(1) at the end of Insurance Period, the benefit paid is: | IDR120,000,000 (100% Sum Assured: Monthly Regular Premium that has been paid over the course of 10 years) |
| General Practitioner Online Consultation |
| 5x(2) online consultation with a general practitioner on a digital smartphone application platform during the first Policy year. |
(1) The nearest birthday
(2) As long as the service is still available, and the Policy is active with the Regular Premium paid regularly, no later than the grace period.
Note: Payment of benefits will be reduced by the premium payment obligation in the current year (if any).
Illustration2
Customer B, entry age at 32 years old when purchasing MyProtection Simple.
| Annualy Regular Premium | Premium Payment Period | Insurance Period |
| IDR13,200,000 (equals to IDR1,100,000 Monthly Regular Premium) |
10 years | 10 years |
| Death Benefit | |
| If death occurs due to non-accident, the benefit paid is: | If death occurs due to an accident, the benefit paid is: |
| IDR495,000.000 | IDR990,000,000 |
| 100% Sum Assured: 450 x Rp 1.000.000 (Monthly Premium) |
200% Sum Assured: 2 x (450 x Rp 1.000.000 (Monthly Premium)) |
| Maturity Benefit | |
| If the Assured is still alive until 42 years of age(1) at the end of Insurance Period, the benefit paid is: | IDR132,000,000 (100% Sum Assured: Monthly Regular Premium that has been paid over the course of 10 years) |
| General Practitioner Online Consultation |
| 5x(2) online consultation with a general practitioner on a digital smartphone application platform during the first Policy year. |
(1) The nearest birthday
(2) As long as the service is still available, and the Policy is active with the Regular Premium paid regularly, no later than the grace period. Note: Payment of benefits will be reduced by the Premium payment obligation in the current year (if any).
About Allianz
About the Allianz Group
Allianz is one of the largest providers of insurance and asset management in the world. 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 147,000 employees serving more than 100 million individual and corporate customers.
About Allianz Indonesia
Allianz started its business in Indonesia by opening a representative office in 1981. In 1989, Allianz founded PT Asuransi Allianz Utama Indonesia, a general insurance company. Then, Allianz entered the life, health and pension fund business by establishing PT Asuransi Allianz Life Indonesia in 1996. In 2006, Allianz Utama and Allianz Life started a sharia insurance business. Allianz Health & Corporate Solutions was formed in 2014 to serve the needs of individual and group health insurance.
Allianz Indonesia is supported by more than 1,300 employees and more than 30,000 sales force and is supported by a network of banking partners and other distribution partners to serve more than 9 million insured in Indonesia.An important note to take:
- MyProtection Simple is an insurance product issued by PT Asuransi Allianz Life Indonesia. PT Bank Maybank Indonesia Tbk ("Bank") only acts in marketing MyProtection Simple product. MyProtection Simple is not a product of the Bank so the Bank is not responsible for any and all claims and all risks whatsoever on the Policy issued by PT Asuransi Allianz Life Indonesia. MyProtection Simple is not guaranteed by the Bank and its affiliates and is not included in the scope of the object of the guarantee program of the Government of the Republic of Indonesia or the Deposit Insurance Corporation ("LPS").
- The use of the Bank's name, logo and other attributes in brochures or other marketing documents cannot be interpreted that the insurance product is a product of the Bank.
- PT Bank Maybank Indonesia Tbk is only a party that refers this Product, so PT Bank Maybank Indonesia Tbk is not responsible for MyProtection Simple Policy issued and the performance of this Product.
- PT Asuransi Allianz Life Indonesia is licensed and supervised by the Financial Services Authority, and its marketers are licensed by the Indonesian Life Insurance Association.
- PT Bank Maybank Indonesia, Tbk is licensed and supervised by OJK & Bank Indonesia.
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