Terms and Conditions
* Terms and conditions are fully arranged in the Policy.
Entry Age
- 1 month - 70 years
Insurance Period
Up to 100 years old, with monthly deduction of Cost of Insurance.
Premium
Minimum amount of Regular Premium:
- Annually: IDR120,000,000 / USD12,000
- Bi-annually: IDR60,000,000 / USD6,000
- Quarterly: IDR30,000,000 / USD3,000'
- Monthly: IDR10,000,000 / USD1,000
Top Up
- Minimum Regular Top Up:
• Annually : IDR5,000,000 / USD500
• Bi-annually : IDR2,500,000 / USD250
• Quarterly : IDR1,250,000 / USD125
• Monthly : IDR400,000 / USD40 - Minimum Single Top Up: IDR1,000,000 / USD200
- Maximum Single Top Up: 5x of annual sum insured per year (financial underwriting will be applied if the amount exceeds IDR2 billion / USD200,000)
Administration costs
IDR33,500 (thirty three thousand five hundred Rupiah) or USD5.7 (five point seven United States Dollars) will be charged after the Policy is issued via monthly deduction of Regular Premium Units if the Policy is still in force.
Acquisition and maintenance costs
0.417% (zero point four one seven percent) of the Regular Premium Investment Value will be charged upon the issuance of Policy via monthly deduction of Regular Premium Units within the first 6 (six) years of the Policy
Funds Transfer Costs
(Switching)
Free of charge until 5 (five) times per year. After the 5th transfer, a cost amounting 1% of switched fund with minimum of IDR100,000 (one hundred thousand Rupiahs) or USD20 (twenty United States Dollars).
Investment Fund Management Cost
Investment fund management cost will vary in accordance of your choice of investment funds. The amount ranges from around 1% to 2% annually.
Withdrawal Fee
This fee will be charged via deduction of Regular Premium Units as per the following formula:
Factor x Amount of Fund Withdrawal from Regular Premium Investment Valuet:
Policy year Factor
1 75%
2 50%
3 30%
4 20%
5+ 3,5%
Redemption Fee
This fee is calculated by multiplying the Regular Premium Investment Value with the following factors:
Policy year Factor
1 75%
2 50%
3 30%
4 20%
5+ 0%
Premium Leave Fee
This fee will only be charged if the Top Up Premium Unit is insufficient to pay the Regular Premium during Premium Leave, via monthly deduction of Regular Premium Units. The formula for this fee is as follows:Factor x (Administration Cost + Acquisition and Maintenance Costs + Cost of Insurance)With factors as follows:Policy year Factor
1 not allowed
2 not allowed
3 30%
4 20%
5 10%
6+ 0%
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