Prime-Link Investment Assurance (PIA)

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Nurture their dreams.
But protect them too.

Nurture their dreams. But protect them too.

How's your financial future? The key for your financial success will depend on how you manage your asset through investment strategy today.

PRIME-LINK INVESTMENT ASSURANCE is an investment-linked insurance product from PT. AIA Financial ("AIA") gives you safe and proper solutions for asset management and financial risk in one package. It will ensure you to achieve your financial goals and at the same time increase you and your family wealth and keep it well.

Product Info

Excellences of Prime-Link Investment Protection

Simplicity through Initial Premium1

When you enroll to The Prime-Link Investment Assurance, you will only pay the Initial Premium starting from IDR50million/USD5,000 and you don't have to be bothered by regularly premium bill. Your Initial Premium will immediately invested to purchase unit of investment that you choose after deducted by acquisition fee.

Flexible access to manage your money

You can withdraw the account value either partially or fully at any time without any charge or switch2 your investment fund without being imposed the difference of selling-buying unit price.

The right solution fitting your risk profile

Whatever you want, either to prepare education fund for your beloved children, prepare your pension, or saving for your future heritage, Prime Link Investment Assurance open your vast opportunity to invest through 3 different options depend on your risk profiles and your preferred investment results.

Investment Type3 Investment Strategy & Risk Class
IDR Prime Equity Fund Investment in selected listed stocks with relatively high risk tolerance to achieve long term optimum growth rate.
IDR Prime Fixed Income Fund Investment in IDR fixed income instruments with moderate risk tolerance to achieve attractive growth rate.
USD Fixed Income Fund Investment in USD fixed income instruments with moderate risk tolerance to achieve attractive growth rate.

4 in 1 Benefits4

  1. If a death risk occurs before 99 years old is reached, your family is eligible to receive compensation in the form of the Sum Assured (SA) 125% of Basic Premium,
  2. Plus 100% of Top-Up Sum Assured5, If any, if a death occurs;
  3. If a death risk occurs due to accident and not exceed the age of 70 years, your family will also receive additional benefit of 100% Sum Assured;
  4. Total Account Value as Investment Benefits, which formed from Basic Premium & Top-up Premium, if any.

The entry age of Prime-Link Investment Assurance:

Entry Age of Life Insured Entry Age of Policy holder
1 month until 70 years old At minimum age of 18

Currency:

Rupiah (IDR) and US Dollar (USD)

Basic Premium:

Currency Minimal Basic Premium
Rupiah IDR12,000,000
US Dollar USD1,200

Premium Allocation:

Premium Acquisition Cost To be invested
Basic Premium 5% 95%
Top-up Premium 3% (Top-up Cost) 97%

Charges6:

  • The cost of insurance is applied since the Effective Date of Policy and depends on age, gender, smoking status, Sum Assured, and Top-up Sum Assured.
  • Investment Management Fee:

    Name of Funds Investment Management Fee (per year)
    IDR Prime Equity Fund 1%
    IDR Prime Fixed Income Fund 0.6%
    USD Fixed Income Fund 1.45%
  • Top Up fee: 3% from Top Up Premium
  • Administration cost is IDR12,500/USD1.25 per month.
  • The Switching Fee for Investment Fund is imposed on the transferred fund.

Note:

  1. The Provision of Maximum Basic Premium refers to the Underwriting decision. Maximum amount for the whole Top-Up Premium is 4 times of Basic Premium during the Insurance Period.
  2. Switching fee shall be free for 5 (five) times in 1 (one) Policy Year, afterwards switching fee will be imposed.
  3. The choice of investment type is based on the Policy's currency chosen.
  4. The complete provision of insurance benefits can be found in the Policy. The request of insurance benefit payment (claim) shall be made by you as the customer to PT.AIA FINANCIAL as the Insurer.
  5. The Top-Up Sum Assured will be paid if the accumulation of Top Up Premium (after deducted with the accumulation of Top Up Premium Account Value withdrawal) is bigger than the Top Up Premium Account Value formed at the time the claim of Insurance Benefit is applied with due regard to the Policy Provision.
  6. The Premium you paid includes the component of those charges, and/or commission which is given by PT.AIA as an insurance company which serves as bank partner to Citibank for bancassurance.

Get It Now!

You just have to come to our branch to get further details about Prime-Link Investment Assurance.

Free-Look Period

  • The termination during Free Look Period for Prime-Link Investment Assurance is 14 calendar days since the issuance date of the Policy. In the event the Policy is terminated during Free Look Period by the Policy Holder, PT. AIA will returns the Premium after being deducted with Free Look Administration Cost (consist of policy issuance cost and medical examination cost, if any).
  • In the event the Policy is terminated by the Policy Holder during 15-30 calendar days since the issuance date of Policy, PT. AIA will returns the formed Account Value, Acquisition Cost, Administration Fee, Cost of Insurance and Top Up Fee upon the prevailed Policy.
Procedure of Submission

The procedures and the terms & conditions of Insurance Product Submission

To submit your insurance product application, you need to complete and provide the following documents:

  1. Insurance Company's Application Form;
  2. Valid ID card;
  3. Benefit Illustration; and
  4. Other supporting documents.

Insurance product submission will be considered as a complete submission if all the terms and conditions are fulfilled and AIA as the Insurer has received the first premium payment as one of prerequisite of policy issuance and validity.

Illustration Example

Example of Benefit Illustration:

Adrian (Male, 45 years old, non-smoker) buys insurance product Insurance Prime-Link Investment Assurance with details assured as below:

  • Basic Premium: IDR1billion
  • Beginning Premium Top-Up: IDR1billion
  • Premium Single Top-Up at age 60 years old: IDR1billion
  • Sum Assured: IDR1.25 billion

Scenario 1

If risk of death occurred due to illness at age 60 years old, Adrian will receive benefits as follow:

The conditions:

  • Account Value of Basic Premium at age 60 years old: IDR3,418,066,000
  • Account Value of Top-Up Premium at age 60 years old: IDR5,118,931,000
  • Never do withdrawal the Account Value.

Insurance Benefits:

  1. Death Benefit

    • a. Sum Assured: IDR1,250,000,000
    • Top-Up Sum Assured:
      = (Accumulation Top-Up Premium - Accumulation withdrawal Account Value from Account Value Top-Up Premium - Account Value Top-Up Premium)
      = ((1,000,000,000+1,000,000,000) - (0) - (IDR5,118,931,000))
      = IDR -3,118,931,000 (result negative or 0 (nol), so there is no Sum Assumed Top-Up that has been paid)
  2. Investment Benefit:

    Basic Premium and Account Value (from Top-Up Premium): IDR3,418,066,000 + IDR5,118,931,000 = IDR8,536,997,000

Scenario 2

If risk of death occurred due to accident at age 60 years old, Adrian will receive benefits as follow:

The conditions:

  • Account Value of Basic Premium at age 60 years old: IDR3,418,066,000
  • Account Value of Top-Up Premium at age 60 years old: IDR5,118,931,000
  • Never do withdrawal the Account Value.

Insurance Benefits:

  1. Death Benefit

    • Sum Assured: IDR1.250.000.000
    • Top-Up Sum Assured:
      = (Accumulation Top-Up Premium - Accumulation withdrawal Account Value from Account Value Top-Up Premium - Account Value Top-Up Premium)
      = ((1,000,000,000+1,000,000,000) - (0) - (IDR5,118,931,000))
      = IDR -3,118,931,000 (result negative or 0 (nol), so there is no Sum Assumed Top-Up that has been paid)
  2. Death Benefit due to Accident

    100% of Sum Assured: IDR1,250,000,000

  3. Investment Benefit:

    Basic Premium and Account Value (from Top-Up Premium): IDR3,418,066,000 + IDR5,118,931,000 = IDR8,536,997,000

Risks

MARKET RISK / RISK INVESTMENTS UNIT PRICE REDUCED

The risk of price decline in investment securities due to market price movements can reduce the net asset value per Unit.

LIQUIDITY RISK

Value withdrawal (part/whole) depends on the liquidity of the portfolio and the amount of withdrawal. If the withdrawal is done, by nearly most or all Units Holders so it is not available liquidity in the market, then this way lead to lower net asset value as securities in the portfolio should be sold into the market in large numbers simultaneously, so as to resulted in a decrease in the value of securities in the portfolio.

RISK CHANGES IN ECONOMIC AND POLITICAL

Changes in economic conditions and political stability in Indonesia can affect the performance of firms; both are listed on the stock exchange and the company that publishes money market instruments and capital markets, which in tum affect the value of securities issued by the company. Change interest rate, exchange rate fluctuations and changes in laws and governmental regulations in the field of finance, capital markets, money markets, banking / or taxation can affect investment performance.

CREDIT RISK

Policyholders will be exposed to the credit risk of PT.AIA FINANCIAL as selector's risk of insurance products. Credit risk relates to the ability to pay obligations PT. AIA FINANCIAL Indonesia to its costumer. PT. AIA FINANCIAL has managed to maintain its performance to exceed the minimum capital adequacy is determined by the Government.

CANCELLATION OF RISK

Partial withdrawal of fund is not allowed until a certain period. If cancellation occurs before the policy due date, the customer will receive a refund in the form of the Redeem Value. Redeem values calculated based on the calculation of the number of Units that have been formed with the applicable unit price, net with the applicable charges.

TAX RISK

Unless otherwise stipulated by the legislation in force, withdrawal or redemption is made after the policy was 3 (three) years from the date of publication, are not subject to tax. Policy Withdrawal or redemption done before the 3rd (third) years from the date of publication tax will be charged in compliance with the applicable legislation.

ACCOUNTABILITY RISKS MANAGED FUND

Risk associated with third party negligence as securities broker (broker), the agent sales, custodian bank (custodian), the investment manager (fund managers) and the situation of force majeure (including but not limited to natural disasters, fires, riots, etc.).

FOREIGN EXCHANGE RATE

Foreign Exchange Risk occurs when Policy holder converted non-home based currency (such as USD) Death Benefit or Policy Maturity Benefit into home-based currency which may affect to the value compare to home-based currency initial investment value.

Disclaimer:

Prime-Link Investment Assurance has investment risk. Customer must read and understand the insurance products with investment element provided by PT. AIA FINANCIAL before deciding to buy Prime-Link Investment Assurance product. Prime-Link Investment Assurance is an insurance product of PT. AIA FINANCIAL. Prime-Link Investment Assurance is a unit-link insurance product. This product is NOT savings, NOT time deposit, NOT an obligation and NOT guaranteed by Citibank, N.A. ("Citibank"), Citigroup or its affiliates. References from Citibank are part of collaboration between Citibank, N.A. and AIA in Prime-Link Investment Assurance product. This insurance product is not a product of Citibank.

This insurance product is not insured by the Deposit Insurance Agency (LPS). Investment in Prime-Link Investment Assurance product has investment risk in the future, including the potential loss of some or all of the capital. Clients must understand that past performance is not an indicator or guarantee of future developments. The value of investments may up or down in accordance with fluctuations in the Net Asset Value (NAV).

Investors shall be exposed to credit risk of PT. AIA FINANCIAL. This means that the insurance policy contains risk where there is a possibility that PT. AIA FINANCIAL is not able to pay certain due money as stated in the policy. In this case, all or part of the insured amount and other values as stated in the policy facing the risk of losing all or part of it.

Details of the benefits, terms and conditions are contained in the policy of Prime-Link Investment Assurance issued by the PT. AIA FINANCIAL Citibank is not responsible for the content of the policy issued by PT. AIA FINANCIAL related to products of Prime-Link Wealth Protection. The buyer of Prime-Link Investment Assurance insurance product must read and follow the terms and conditions as stated in the Prime-Link Prime Investment Assurance policy.

There are some conditions where the insurance benefits could not be paid. It is listed in the Exclusions provisions contained in the insurance policy. Customers are advised to read the insurance policy carefully to obtain more detailed information regarding the benefit exclusion list.

If you are hesitant, it is suggested that you should consult with the experts in this field. However, if you choose not to do so, then you are fully responsible for ensuring that these products are in accordance with the needs and goals of your insurance.

Insurance product is a product that requires long-term commitment. Insurance termination before its due date may cause high costs and the redemption value to be received may be less than the total premiums paid.

For insurance products that use foreign currency, premiums and benefits to be paid shall use the pertinent foreign currency. The amount of policy benefits paid in foreign currency shall depend on the prevailing exchange rate at that time and it's possible to have high exchange rate differences. Life insurance products in foreign currency will depend on the exchange rate fluctuations, which may provide the potential as well as risks.

The offered Insurance products as marketing arrangement between Citibank and PT.AIA FINANCIAL have been reported and/or obtained a confirmation letter and/or obtained approval from Otoritas Jasa Keuangan and/or related authorized institutions accordance with the prevailing regulations.

Citibank N.A., Indonesia is a bank that is licensed, registered and supervised by the Indonesia Financial Services Authority (OJK).

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