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| Home>Insurance>Legacy >Pro Life Plus
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| Pro Life Plus - PT Asuransi Jiwa Manulife Indonesia |
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| ProLife Plus is a Whole Life Policy that participates in the profits of the Insurer and where premiums are payable for only a limited period of time. The client can choose to pay premium for either 3 (three), 5 (five), 10 (ten), 15 (fifteen), or 20 (twenty) years. There are various riders that can be added on to the product with additional costs. |
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| Pro Life Plus - PT Asuransi Jiwa Manulife Indonesia |
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| Feature: |
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| 1 |
Premium |
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Premium terms: 3 (three), 5 (five), 10 (ten), 15 (fifteen), and 20 (twenty) years. |
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Regular Premium (Annually, Semi-Annually, Quarterly, or Monthly (for Monthly premium is used direct debit)). |
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Premium rates vary by age, sex, smoking status and Sum Insured banding. |
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Modal factor |
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Mode |
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Rupiah |
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USD |
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| Annual |
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100% |
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100% |
| Semi-Annual |
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52.50% |
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51.25% |
| Quarterly |
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27.50% |
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26.50% |
| Monthly |
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9.50% |
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9% |
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Premium discount |
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There will be a premium discount rate applied based on Sum Insured, which is grouped into 4 (four) Sum Insured Banding Rate. |
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The discount rate is generated depends on sum insured, age at entry, gender, and smoking status. |
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Banding
Rate |
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Sum Insured
(Rupiah) |
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Sum Insured
(US Dollar) |
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| I |
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Rp. 50,000,000 – Rp. 499,999,999 |
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US$ 10,000 - US$ 49,999 |
| IIl |
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Rp. 500,000,000 – Rp. 999,999,999 |
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US$ 50,000 - US$ 99,999 |
| III |
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Rp. 1,000,000,000 – Rp. 1,999,999,999 |
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US$ 100,000 – US$ 199,999 |
| IV |
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>= Rp. 2,000,000,000 |
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>= US$ 200,000 |
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| 2 |
Currency |
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IDR and USD |
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| 3 |
Sum Insured |
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| A. |
Minimum Sum Insured |
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| Minimum Sum Insured |
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Rp. 50.000.000,- (fifty million Rupiah) and USD 10.000,- (ten thousand United States Dollars) |
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| B. |
Minimum Sum Insured |
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| Maximum Sum Insured |
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Unlimited |
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| C. |
Increase/Decrease Sum Insured |
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| Decrease Sum Insured. |
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| Policyholder can decrease Sum Insured after Policy is issued. |
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| New premium will be calculated based on Policyholder’s age at Policy inception and reduced sum insured. |
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| Cash value on the surrender amount will be paid back to Policyholder (if any). |
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| Increase Sum Insured |
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| Subject to underwriting. |
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| Within 3 (three) years after Policy is issued, Policy admin will calculate the new premium based on Policyholder’s age at Policy inception and new Sum Insured. |
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| Commission will be based on the new premium amount. |
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| 4 |
Non-Forfeiture Option |
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Automatic Premium Loan (APL) |
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Policy Loan |
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Reduce Paid Up |
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| 5 |
Surrender |
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Surrender value is applicable following the cash value table. |
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The surrender value given is net of Policy loan and interest and is the total of the following: |
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- The guaranteed basic cash value.
- The cash value on the Paid Up Addition (PUA).
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Bonus Surrender: |
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When Policyholders surrender their policies, they will still receive the Paid Up Addition (PUA). |
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| 6 |
Reinstatement |
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Policy can be reinstated within 2 (two) years with interest. |
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It needs underwriting approval. |
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| 7 |
Lapse |
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Policy will lapse when Policyholder does not pay premiums and Policy has no surrender value to exercise APL. |
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| 8 |
Underwriting Requirement |
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Issue Age |
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Age 0 (zero) to 70 (seventy) years old. |
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Insured |
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The Insured can be Policyholder, spouse or children of Policyholder. |
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Policyholder |
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The Policyholder needs to be an accountholder of Bank. |
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Beneficiary |
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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. |
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Health Evidence |
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Medical Questionnaire |
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There are some medical questions that should be answered as part of the application. |
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Medical Examination |
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Underwriting judgment that refers the Sum Insured and Age. |
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Medical check up is valid up to 6 (six) months. |
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| Benefit: |
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| 1 |
Death Benefit |
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Upon the death of the insured during the term of the Policy, the total death benefit (less any outstanding loan and interest) paid out is the sum of the following: 100% (one hundred percent) of basic Sum Insured |
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Any attaching Paid Up Addition (PUA) |
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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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| 2 |
Maturity Benefit |
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In case the Insured survives until age 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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Pro Life Plus 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. Pro Life Plus 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 Pro Life Plus 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 Pro Life Plus product. Prospective buyer of insurance product must read and obey with the terms and conditions of Pro Life Plus as stated in the policy. |
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