Maybe you've been saving and have a reserve funds. However saving money is not enough; because it could be that the saved funds will run out in the event of a disaster. Protection should be a need and priority in your spending list, thus the protection that you have is reliable to face the unpredictable risks in the future.
PRIME-LINK OPTIMUM PROTECTION is an investment-linked insurance product from PT. AIA Financial ("AIA") helps you to get the maximum protection and optimal investment with the benefits that can be enjoyed by yourself as well as your heirs.
The optimum investment benefits because 30% of the Basic Premium you paid in the first year and 100% of the Basic Premium you paid since the second Policy Year onwards shall be directly invested into type of investment you choose.
For those of you who faithfully perform basic premium payments until the 12th premiums year, will receive loyalty bonus directly accumulated into the benefits of your investment.
Your policy will remain valid during the first 7 years of the Policy, although the Basic Premium Account Value is insufficient to pay the costs incurred.
There are varieties of Additional Insurance that you can choose according to your requirements/needs.
Accidental Death Benefits
|Investment Type3||Investment Strategy & Risk Class|
|IDR Prime Equity Fund||Investment in selected mutual funds with relative high risk level to obtain long-term growth rate that is more optimal.|
|IDR Prime Fixed Income Fund||Investment in fixed income funds in Rupiah currency with medium-risk level to acquire attractive growth rate.|
|IDR Equity Fund||Investment in stocks at the Indonesia Stock Exchange (IDX), which provides relatively high growth with relatively high risk as well.|
|IDR Balanced Fund||Strategic investment in selected stocks with relatively high risk level and in fixed income securities with medium risk level to acquire optimum growth rate.|
|USD Fixed Income Fund||Investment in USD fixed income instruments with moderate risk tolerance to achieve attractive growth rate.|
|USD Prime Global Equity Fund||Investing in US Dollar with diversified placement widely in various countries both developed and emerging countries with relatively high risk level to obtain optimal long-term growth rate.|
|Entry Age of Life Insured||Entry Age of Policy holder|
|1 month until 70 years old||Start Age 18|
|Premium Payment Period||Minimum Basic Premium (yearly)|
|Premium||Acquisition Cost||To be invested|
|Top-up Premium||3% (Top-up Cost)||97%|
|1st policy year||70% of Annual Basic Premium|
|2nd policy year||0% of Annual Basic Premium|
Investment Management Fee:
|Name of Funds||Investment Management Fee (per year)|
|IDR Prime Equity Fund||1.0%|
|IDR Prime Fixed Income Fund||0.6%|
Administration cost is:
|Policy year (TP)||Administrative Costs (IDR)|
|TP < 10 years||27,500|
|TP >10 years||15,000|
You just have to come to our branch to get further details about Prime-Link Optimum Protection.
Free Look Period is 30 calendar days after Policy Effective Date. If the policy is cancelled within Free Look Period by Policy Holder, then PT AIA Financial will return the Premium after deducted with Free Look Administration Cost (including policy issuance cost & medical check up charges, if applicable) at the latest 15 working days since the cancellation request form is received by PT AIA Financial
To submit your insurance product application, you need to complete and provide the following 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.
Chandra (Male, 35 years old, non-smoker) buys the insurance product Prime-Link Optimum Protection with the following details:
Additional Insurance (Rider):
Investment fund choice: 100% (one hundred percent) IDR Prime Equity Fund.
If the Insured dies due to illness at age 55, Chandra will receive the following benefits:
Insurance benefit paid:
- The Basic Premium account value above includes Loyalty Bonus
- The above Investment Benefit value uses IDR Prime Equity Fund with investment growth assumption of 10% per year, without previous withdrawal from Basic Account Value, and never utilize Automatic Premium Holiday facility. If the investment growth assumption used are 5% and 15%, the respective Investment Benefit will be IDR 1,033,531,000 and IDR 3,823,962,000
If the Insured dies due to Accident in Public Transportation at age 70 (seventy), Chandra will receive the following benefits:
Insurance Benefit Paid:
- The Basic Premium account value above includes Loyalty Bonus
- The above Investment Benefit value uses IDR Prime Equity Fund with investment growth assumption of 10% per year, without previous withdrawal from Basic Account Value, and never utilize Automatic Premium Holiday facility. If the investment growth assumption used are 5% and 15%, the respective Investment Benefit will be IDR 1,969,566,000 and IDR 31,071,707,000-
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.
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.
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.
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.
Prime-Link Optimum Protection 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 Optimum Protection product. Prime-Link Optimum Protection is an insurance product of PT. AIA FINANCIAL. Prime-Link Optimum Protection 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 Optimum Protection 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 Optimum Protection 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 Optimum Protection 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 Optimum Protection. The buyer of Prime-Link Optimum Protection insurance product must read and follow the terms and conditions as stated in the Prime-Link Optimum Protection 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).