Advantages Benefits How to Apply Benefits and Premium Rates Product Information Premium Illustration

Personal Inconvenience Insurance

Personal Inconvenience Insurance through home-related inconvenience benefit package (Simple Home Protection) provides an enhandced covergae and ensures the convenience of your home from unexpected losses due to natural disasters and loss of contents due to theft. Enjoy every moment of your stay at home without worry.

Advantages of Personal Inconvenience Insurance

Provides enhanced coverage for the consequences of unforeseen disasters to residences.

Personal Inconvenience Insurance Benefits

This product compensated for inconvenience related to the insured's residence as a consequences of:

Damages to the buildings and/or contents of residential buildings caused by fire, lightning strikes, explosions, falling aircraft, and smoke. (FLEXAS)
Damages to the buildings and/or contents of residential buildings caused by riots, strikes, evil acts, riots. (RSMDCC)
Damages to the buildings and/or contents of residential buildings caused by hurricanes, storms, floods, water, earthquakes, volcanic eruptions, tsunamis (Floods & EQVET)
Loss of contents of a residential building caused by theft or burglary. (Burglary)
Disruption of service availability at the residence including (but not limited to) disruption of the internet network, electricity (from the State Electricity Company), water (from State Water Company), cable/subscription TV, subscription gas (from the State Gas Company).

Ho to Apply for a Policy

Contact Maybank Customer Care at 1500611 or +622178869811 (from overseas).

Benefits and Premium Rates of Personal Inconvenience Insurance

Benefit	Plan			Remarks
	A	B	C
Annual Coverage Limits	IDR300,000,000	IDR400,000,000	IDR500,000,000
Compensation for inconvenience due to FLEXAS (Fire, Lightning Explosion, Aircraft Impact & Smoke)	Up to annual coverage Limit	Up to annual coverage Limit	Up to annual coverage Limit	Minimum damage IDR1,000,000
Compensation for inconvenience due to RSMDCC (Riot, Strike, Malicious Damage, Civil Commotion)
Compensation for inconvenience due to TSFWD Typhoon, Storm, Flood, Water Damage)	Maximum IDR20,000,000	Maximum IDR20,000,000	Maximum IDR20,000,000
Compensation for inconvenience caused by Burglary (Theft accompanied by acts of coercion and destruction)	IDR15,000,000	IDR20,000,00	IDR25,000,000	- Building contents (Ex: Jewellery, Securities, Precious Metals)
				- Limit per item IDR2,000,000
Additional Inconvenience Compensation due to FLEXAS, RSMDCC, TSFWD, Burglary	10% of the claim value	10% of the claim value	10% of the claim value
	IDR3,000,000	IDR4,000,000	IDR5,000,000

Benefit	Plan						Remarks
	D		E		F
Annual Coverage Limits	IDR300,000,000		IDR400,000,000		IDR500,000,000
Compensation for inconvenience due to FLEXAS (Fire, Lightning Explosion, Aircraft Impact & Smoke)	Up to annual coverage Limit		Up to annual coverage Limit		Up to annual coverage Limit		Minimum damage IDR1,000,000
Compensation for inconvenience due to RSMDCC (Riot, Strike, Malicious Damage, Civil Commotion)
Compensation for inconvenience due to TSFWD (Typhoon, Storm, Flood, Water Damage)	Maximum IDR20,000,000		Maximum IDR20,000,000		Maximum IDR20,000,000
Compensation for inconvenience caused by Burglary (Theft accompanied by acts of coercion and destruction)	IDR15,000,000		IDR20,000,000		IDR25,000,000		- Building contents (Ex: Jewellery, Securities, Precious Metals)
							- Limit per item IDR2,000,000
Additional Inconvenience Compensation due to FLEXAS, RSMDCC, TSFWD, Burglary	10% of the claim value		10% of the claim value		10% of the claim value
	IDR3,000,000		IDR4,000,000		IDR5,000,000
Additioinal Benefit
Compensation for inconvenience due to EQVET (Earthquake, Volcanic Eruption, Tsunami)		As Charge Maximum annual limit of cover		As Charge Maximum annual limit of cover		As Charge Maximum annual limit of cover
Additional Inconvenience Compensation due to EQVET		IDR3,000,000		IDR4,000,000		IDR5,000,000

Monthly Premium:

Benefit (IDR)	Plan A	Plan B	Plan C	Plan D	Plan E	Plan F
Main Coverage	IDR54,000	IDR71,000	IDR89,000	IDR54,000	IDR71,000	IDR89,000
EQ				IDR98,000	IDR130,000	IDR161,000
Total	IDR54,000	IDR71,000	IDR89,000	IDR152,000	IDR201,000	IDR250,000

Note: Premiums do not include policy cost and stamp duty

Policy Cost	IDR30,000
Stamp Duty:
Premium < IDR 5 million	IDR10,000
Premium > IDR 5 million	IDR20,000

Product Information

Product Type	Miscellaneous
Marketing Media	Telemarketing
Insured Age	18 (eighteen) years and up to a maximum age of 65 (sixty five) years
Insurance Period	1(one) year
Terms & Condition	Class I construction residential building The Insured's residence must be the place where the insured resides (proven by the same address on the KTP or other documents related to the insured's domicile), excluding the place of residence which is a boarding house and/or similar. The insured is an individual who has an insurable interest in the place where he resides. The residence is owned by the Insured, the Insured's parents, spouse, children or in-laws. The aggregate benefit is equal to the selected "annual coverage limit" package limit per insurance period. For Flexas & RSMDCC benefits: Minimum loss requirement of IDR1,000,000 applied (Analysis from the insurer's Claims team). If the minimum requirements are met, the benefit issued is compensation for replacement of damage to the purchased plan. The TSFWD benefits are maximum IDR20,000,000 for all plans. For benefits related to building contents, the following provisions apply : Jewelry, securities, precious metals, cash and similar items are excluded. (including those related to demolition/burglary benefits) Specifically for burglary benefits, the limit per item is IDR2,000,000 All inconvenience benefits will be issued if the terms for the claim are fulfilled and have been approved for settlement. The EQVET benefit is an additional option that can be purchased in addition to the main benfit Plan. Only can be purchased 1 package per insurance period (No more than 1 package an be purchased for the same object of the residence).
Premium Payment	Auto-debit monthly basis from the Insured's savings account.
Currency	IDR

Premium Illustration

The insured chooses Plan B, then the benefits obtained are:

Benefit	Plan B
Annual Coverage Limits	IDR400,000,000
FLEXAS (Fire, Lightning, Explosion, Aircraft Impact & Smoke).	Amount charged (Maximum annual limit of coverage)
RSMDCC (Riot, Strike, Malicious Damage, Civil Commotion)	Amount charged (Maximum annual limit of coverage)
TSFWD (Typhoon, Storm, Flood, Water Damage)	Maxiumum IDR20,000,000
Burglary (Theft accompanied by acts of coercion and destruction)	IDR20,000,000
Additonal Inconvenience due to FLEXAS, RSMDCC, TSFWD, Burglary	10% of the claim value
	IDR4,000,000

The premium that must be paid by the Insured is IDR71,000 per month (excluding policy cost and stamp duty).

Claim Illustration

If the Insured purchases Personal Inconvenience Insurance with Plan B (limit IDR400,000,000) for the period December 2021 – December 2022.

Example 1 :

There was a fire accident in March 2022 and after being assessed the loss reached IDR150 million for the building and its contents, the following is the calculation of the benefit received:

Benefit Summary
Maximum coverage limit	IDR400,000,000
Limit of coverage due to fire	IDR400,000,000
Additional inconvenience compensation	10% of claim value, maximum IDR4,000,000

Calculation of Benefit
The amount of loss experienced	IDR400,000,000
Additional inconvenience compensation	10% X IDR500,000,000 = IDR50,000,000 (10% of the Claim value, maximum IDR4,000,000)

Therefore, additional inconvenience compensation that paid is : IDR4,000,000
Amount of Claims Paid = IDR154,000,000

Example 2:

There was a fire accident in August 2022 and after being assessed the loss reached IDR500 million for the building and its contents, the following is the calculation of the benefit received:

Benefit Summary
Maximum coverage limit	IDR400,000,000
Limit of coverage due to fire	IDR400,000,000
Additional inconvenience compensation	10% of the Claim value, maximum IDR4,000,000

Calculation of Benefit

Approved loss amount

IDR500,000.000

Additional inconvenience compensation
(10% of claim value, maximum IDR4,000,000)

10% X IDR500,000,000 = IDR50,000,000
(10% of the Claim value, maximum IDR4,000,000)

The additional inconvenience benefit to be paid: IDR4,000,000

During the Insurance period there has been a benefit payment: IDR154,000,000

The remaining limit is IDR400,000,000 - IDR154,000,000 = IDR246,000,000

Total claim paid: IDR246.000.000

Disclaimer

Personal Inconvenience Insurance is an insurance product issued by PT Asuransi Allianz Utama Indonesia. PT Bank Maybank Indonesia, Tbk (“Bank”) only acts as distributor of Personal Inconvenience Insurance.
Personal Inconvenience Insurance is not a Bank product so the Bank is not responsible for any and all claims and risks arising from the management of this product portfolio.
Personal Inconvenience Insurance 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 the Deposit Insurance Corporation ("LPS"). The Bank is not responsible for insurance policies issued by PT Asuransi Allianz Utama Indonesia.
PT Bank Maybank Indonesia, Tbk is licensed and supervised by Otoritas Jasa Keuangan & Bank Indonesia.
A complete explanation of insurance coverage can be found in the Personal Inconvenience Insurance Policy. Insurance coverage applies exclusion provisions, namely things that are not covered in the policy.
PT Asuransi Allianz Utama Indonesia is licensed and supervised by Otoritas Jasa Keuangan, and its marketing staff holds a license from Asosiasi Asuransi Umum Indonesia.
This product information is provided in English version and Indonesian language version. In the event of a discrepancy or inconsistency between English version and Indonesian language version, then the Indonesian language version shall prevail.

Personal Inconvenience Insurance

Advantages of Personal Inconvenience Insurance

Personal Inconvenience Insurance Benefits

Ho to Apply for a Policy

Benefits and Premium Rates of Personal Inconvenience Insurance

Product Information

Premium Illustration

Disclaimer

Product Summary Information

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