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|  |  | |   | | Family Estate Protection - PT Asuransi Jiwa Manulife Indonesia | | | Family Estate Protection (FEP) is a whole life product against Single Premium. The product participates in the Insurer’s profit in the form of dividend. Dividends are given in the form of Paid-Up Additions (PUA). | | | Family Estate Protection - PT Asuransi Jiwa Manulife Indonesia | | | Feature: | | - Maximum benefit payable for death or Critical Illness due to sickness per Life: Rp200,000,000.
- Single Premium.
- Rate vary by issue age, gender, and smoking habit.
- Currency
- Sum Insured
- Minimum / Maximum Sum Insured
Minimum Sum Insured : Rp. 500,000,000.- (five hundreds million rupiah)
No maximum Sum Insured, subject to underwriting.; - Increase/Decrease Sum Insured
It is allowed with condition that the new Sum Insured is not less than minimum Sum Insured. - Surrender
- On surrender of the policy the Insurer guarantees a Cash Surrender Value to be paid to the Policyholder. The guaranteed Cash Surrender Value will be stipulated in each policy document. Guaranteed Cash Surrender Values vary by age at entry, policy year, gender and smoking status. The total payment on surrender of a policy is the sum of the guaranteed Cash Surrender Value plus the Cash Value of PUA’s (if any) minus outstanding Policy Loans and interest on Policy Loans (if any).
- Free Look
- Policyholder has the right to cancel a policy during the Free Look period. The cancellation request must be received by the Insurer in writing within 14 (fourteen) calendar days of the issue date of the Policy. Upon policy cancellation within free look period, the Premium after deducted by administration fee (if any) will be returned on cancellation date.
- Underwriting Requirement
- Issue Age
Min. age: 18 (eighteen) years
Max. age: 70 (seventy) years
Insured - The Insured can be the Policyholder, the spouse or the children of the Policyholder
The Policyholder needs to be an accountholder of the Bank. - Beneficiary
The Beneficiary can be the husband, the wife, a child, a grandfather, a grandmother, the father, the mother, a brother, a sister, a grandchild, a great - grandchild, a great – grandparent, a niece, or a nephew of the Insured.
Health Evidence
Medical Questionnaire
A medical questionnaire should be filled out as part of the application process.
Medical Examination
If an Insured on a new application has any Insurer’s policy already and the accumulated Sum Insured of the existing policies, that were issued within the last two years, and the FEP application is more than Rp. 500,000,000,- (five hundreds million rupiah) or based on any answer from the medical questionnaire the applicant could be requested to fulfill more detailed medical requirements including a medical check up.
Medical check up is valid up to 6 (six) months.
- The Policyholder should signed FEP‘s illustration. It is a part of the application requirement.
| | | Benefit: | | - Death Benefit
- Upon the death of the insured during the term of the policy, the total death benefit paid is the sum of the basic Sum Insured plus PUA’s (if any) minus any outstanding policy loans and interest on policy loans. (if any).
- Maturity Benefit
- In case the Insured survives until the age of 99 (ninety nine), the total maturity benefit paid is the sum of the basic Sum Insured plus PUA’s (if any).
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| Disclaimer:
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Family Estate Protection is an insurance product from PT Asuransi Jiwa Manulife Indonesia. This product is NOT a saving or NOT a bank deposit, NOT an obligation and not guaranteed by Citibank, N.A. ("Citibank"), Citigroup or its affiliates. Family Estate Protection is not included as an object of deposit guaranteed program (LPS). Product offering by Citibank and the use of Citibank logo and or attributes in this document is based on marketing arrangement between Citibank and PT Asuransi Jiwa Manulife Indonesia on Family Estate Protection program and it does not entail that the Insurance product is a Bank's product.
Detail benefit, terms and condition are attached in the Policy issued by PT Asuransi Jiwa Manulife Indonesia. Citibank is not responsible for the content of the Insurance Policy issued by PT Asuransi Jiwa Manulife Indonesia inside Family Estate Protection product. Prospective buyer of insurance product must read and obey with the terms and conditions of Family Estate Protection as stated in the policy. |
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