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Product SummaryAdvantagesBenefitsTerm & ConditionIlustrationAbout Allianz

 

MyProtection JiwaGarda

99.99% You need insurance. With IDR2,000 per day get insurance protection of IDR250 million for 8 years with no claim bonus.

A term life insurance product with affordable regular premiums, providing 8 years protection with a no claim bonus at the end of Policy contract.

Advantages

Affordable premium.  
Get protected for 8 years by only 5 years of premium payment.
Insurance coverage up to IDR1,5 billion. 

What are the benefits of MyProtection JiwaGarda ?

 

Life Insurance Benefit

In case the Insured passes away due to any reasons, Allianz will pay up to 500 times of monthly premium.

 

No Claim Bonus

If the Insured survives to the end of the insurance period, then Allianz will pay a no claim bonus (at the end of the 8th policy year) of 80% of the total premium paid.

 

Additional Protection

You will get a 3 years additional of Life Insurance protection.

* Please refer to the policy for complete terms and conditions.

Term & Conditions MyProtection JiwaGarda

 

Insured age of entry : 0 – 60 years (nearest birthday).
Insurance period : 8 years
Premium payment period : 5 years        
Premium payment method :

  • First month premium must be paid through overbooking with Maybank account.
  • Premium for the second month onwards may be paid through auto debit from Maybank savings accounts/current accounts/credit cards.

Currency : Rupiah (IDR)

Premi :

  • Minimum basic premium :
    Monthly : IDR100,000
  • Maximum basic premium :
    Monthly : IDR2,500,000

The amount of premium cannot be added or reduced during the period of the policy contract.

Surrender:
There will be no benefits received by the policy holder should the policy holder decides to surrender the cover.

Policy reinstatement : not available.

Underwriting:

Simplified Issue Offer (SIO), in which the Insured will be asked short questions about their health for maximum sum insured up to IDR1.5 billion/Policy with Total Sum Insured of :

  • IDR1.5 billion per Insured with entry age of 0-50 years.
  • IDR1 billion per Insured with entry age of 51-60 years.
Note: If Sum Insured exceeds maximum limit, Full Underwriting will be applied.

Ilustration

 

Irfan, 30 years old, does not smoke Works as a Manager in a company

Requirements to achieve his dreams : Protection for him and his family with a life insurance cash benefit.

Basic Premium:IDR500,000  per month for 5 years.

Benefits Illustration:

  • Men, 30 years old, not smoking
  • Premium IDR500,000/per month during 5 years premium payment period

Compensation of Life Insurance Benefits: IDR250.000.000 (if the Insured passes away due to any reason (illness/accident)

No claim bonus at the end of Insurance Period: IDR24.000.000 (80% of the total monthly premium that has been paid for 5 years)*.

Actual Premium paid after premium refund: 

  1. IDR6,000,000/insurance period 8 years
  2. IDR750,000 per year
  3. IDR62,500 per month
  4. IDR2,083,33 per day
*) In accordance with the terms and conditions stated in the Policy.

 

About Allianz

 

Allianz is one of the insurance providers and asset management provider in the world, found in 1890 in Germany, Allianz now presents in more than 70 countries and serves more than 75 million customers worldwide.

PT. Allianz Life Indonesia Insurance was established in 1996 and is engaged in life, health, retirement and sharia insurance. At present, PT. Allianz Life Indonesia Insurance has developed a distribution network in more than 44 cities through more than 87 business partner offices and supported by more than 14,000 salespersons.

Important notes:

  • MyProtection JiwaGarda is an insurance product issued by PT Asuransi Allianz Life Indonesia. PT Bank Maybank Indonesia Tbk ("Bank") only acts to distribute MyProtection JiwaGarda.
  • MyProtection JiwaGarda is not the bank’s product, therefore the bank is not responsible for any and all claims and risks arising from the management of this product portfolio. MyProtection JiwaGarda is not guaranteed by the Bank  and its affiliates and not covered in the blanket guarantee scheme of the Government of the Republic of Indonesia or known as the Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan (“LPS”)). The bank is not reponsible for the insurance policy issued by PT. Asuransi Allianz Life Indonesia. The management and investment activities of MyProtection JiwaGarda are carried out by PT. Asuransi Allianz Life Indonesia and is the responsibility of PT. Asuransi Allianz Life Indonesia.
  • PT Bank Maybank Indonesia Tbk is registered and supervised by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan (OJK)).
  • The premium paid includes a commission for the bank.
  • PT. Asuransi Allianz Life Indonesia is registered with and supervised by Otoritas Jasa Keuangan, and its salespersons holds a license from Asosiasi Asuransi Jiwa Indonesia.

For more information, please contact Maybank Customer Service at 1500611, or please visit the nearest Maybank branch.

Important Notes

MyProtection Prima is an insurance product issued by PT. Allianz Life Indonesia Insurance. PT Bank Maybank Indonesia Tbk ("Bank") only acts as a reference for MyProtection Prima.

MyProtection Prima is not a product of the Bank so the Bank is not responsible for any and all claims and risks arising from the management of this product portfolio. MyProtection Prima is not guaranteed by the Bank and its affiliates and is not included in the scope of the Government of Indonesia or the Deposit Insurance Agency ("LPS") guarantee program. The Bank is not responsible for insurance policies issued by PT. Allianz Life Indonesia Insurance. Prima MyProtection Management and Investment is carried out by PT Asuransi Allianz Life Indonesia and is the responsibility of PT. Allianz Life Indonesia Insurance. Investment Fund Performance from PT. Allianz Life Indonesia Insurance can be seen on the monthly Fund Fact Sheet report.

PT Bank Maybank Indonesia Tbk is a bank registered and supervised by the Financial Services Authority.

Investments in capital market instruments contain market risk. The performance of this fund is not guaranteed, unit prices and revenue from these funds can increase or decrease. Investment fund performance in the past is not an indication of future performance. Full information is in the Fund Fact Sheet.

The premium paid includes a commission for the bank

A detailed description of the charges can be seen in the MyProtection Prima Policy.

PT Asuransi Allianz Life Indonesia has been registered with and supervised by the Financial Services Authority, and its sales force has a license from the Indonesian Life Insurance Association. 

Product Summary Information

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