Ultimate Harvest Assurance

Ultimate Harvest Assurance.

Harvest your life at your glorious age.

Ultimate Harvest Assurance.

In life, there are several significant events that marked the beginning of new chapter, such as entering your retirement life. The period where we get a chance to enjoy the activities that we want with family and people we loved. Retirement requires a healthy financial condition to support lifestyle that you want.

Now is the right time to start your comprehensive retirement plan.

Ultimate Harvest Assurance, a product from PT. AIA Financial, is a suitable product to plan your retirement and at the same time providing life protection due to accidents.



  1. NO Medical Check-up REQUIRED (can be replaced by GIO with Health Declaration)
  2. FLEXIBILITY to choose:
    • Payment period (Single, 5, 10, 20 years)
    • Retirement Age (45, 50, 55, 60)
    • Annual Cash Benefit amount in retirement
    • Premium amount to suit your needs
  3. Death PROTECTION against accident
  4. PREMIUM WAIVER benefit
  5. CASH PAYMENT benefit & potential BONUS in retirement

Rupiah (IDR) and US Dollar (USD)

18 – 58 years old

Until the Policy Holder attains age 70 years old

45, 50, 55 and 60 years old

Single, 5, 10 and 20 years


  1. Death Benefit
    • If the Insured dies due to other than Accident within the first 2 (two) Policy Year and the Policy is still valid, then Death Benefit will be paid and Policy will be terminated:
      Policy Year
      Basic Premium Paid
    • If the Insured dies due to accident, then death benefit due to accident will be paid in the amount of 200% of the Sum Assured.
  2. Waiver of Premium Benefit
    If the Insured dies within the Premium Payment Period and have entered the 3rd (third) Policy Year, the premium will be waived.
  3. Cash Payment Benefit
    • Retired Age Cash Benefit
      In the amount of 100% of the Sum Assured at the time the Insured attained Retire Age.
    • Annual Cash Benefit
      In the amount of 20% from the Sum Assured in the next Policy anniversary after the Retire Age until the Insured attains the age of 69 (sixty nine) years old.
    • Terminal Cash Benefit
      In the amount of 20% of Sum Assured at the end of the Insurance Period.
  4. Bonus2
    • Annual Bonus
      Paid at the next Policy anniversary after the Retire Age until the Insured attains age of 69 (sixty nine) years old.
    • Terminal Bonus
      Paid at the end of Insurance Period.

All fees charged to the Customer will be referred to the provisions of Policy including but not limited to, transfer fee, provision cost (if any), cost of free-look administration (if any), cost of Premium Loan (if any) and cost of Policy Loan (if any).

Claims submitted directly by the Customer to PT. AIA FINANCIAL as the Insurer.

  1. Benefit provisions set more in the Policy. Demand payment of insurance benefits (claims) made by customers to PT. AIA Financial as Insurers.
  2. The amount of bonus is not guaranteed and is determined by the insurer profit (surplus distribution).

You just have to come to our branch to get further details about Ultimate Harvest Assurance.

Free-look period
30 (thirty) days since the Policy Issuance Date. Term condition of free-look period refers to the policy provisions.



  • To submit your insurance product application, you need to complete and provide the following documents:
    • Insurance Company's Application Form;
    • Valid ID card;
    • Benefit Illustration; and
    • 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.


Danny (35 years old) plan to retire (retire age) at age 50 years old. In order not to burden his family later, Danny plans to prepare the retirement fund in amount of Rp1 billion. Danny buy Ultimate Harvest Assurance product that can help make it happen with the details:

Cash needed at retired age: Rp 1 Billion
Retired Age: 50 years old
Premium Payment Period: 10 years
Annual Premium: Rp 274.480.000

Illustration Explanation

Death Benefit

Type of Insurance Benefit
Policy year 11 (Rp)
Policy year 21 (Rp)
Policy after year 2 (Rp)
Death Benefit 296.438.400 636.793.600 Waiver of Premium
Accidental Death Benefit + Waiver of Premium

If the Policy Holder live until the end of Insurance Period (70 years old)

Type of Insurance Benefit
Low Scenario (Rp)
High Scenario (Rp)
Retired Age Cash Benefit (age 50 years old)
Annual Cash Benefit (age 51 – 69 years old)
Terminal Cash Benefit (age 70 years old)
Annual Bonus (age 51 – 69 years old)2
Terminal Bonus (age 70 years old)2
Total Benefit 

1. After the insurance benefits have been paid, the policy will be terminated.
2. The bonus is not guaranteed and is determined based on AIA profit (surplus distribution).



The change in economic conditions and political stability in Indonesia can affect the performance of companies, both that listed on the stock exchange and also companies issue the money market and capital market instrument, which in turn influence value of securities issued by those companies. Interest rate fluctuation, exchange rate fluctuation, and changes in legislation and regulations on financial sector, capital market, money market, banking and/or taxation may affecting on investment performance.

Customer will be exposed to the Credit Risk of PT. AIA FINANCIAL as the risk selector of insurance product. The credit risk related to the capacity to pay the obligation of PT. AIA FINANCIAL to the customers. PT. AIA FINANCIAL has succeeded to maintain its performance to exceed the minimum capital adequacy determined by the Government.

If the Policy is canceled by the Insurer due to reveal information that does not correspond to the actual condition, canceled due to FATCA provision, or canceled due to written request by customer, then customer will receive Policy Surrender Value. Policy Surrender Value is Cash Value and accumulation of Non-Guaranteed Additional Benefit (if any). Cash Value is amount of money that will be paid to the customer in accordance with Cash Value Table of Forever Happiness Assurance as specified on the Policy.

If the customer cancels the Policy within the Free Look period, the customer will receive the refund of Premium after deducting Free Look Administration Fee.


Insurance product offered is a product of PT. AIA FINANCIAL, Citibank's Insurance Partner. This product is NOT savings, NOT bank deposits, NOT obligation and NOT guaranteed by Citibank, N.A ("Citibank"), Citigroup or its affiliates. Insurance product is not included as an object of Deposit Guaranteed Program (Lembaga Penjamin Simpanan/LPS). Product distributed by Citibank is marketing arrangement between Citibank and PT. AIA FINANCIAL and it does not entail that the insurance product is Citibank's product.

Policyholders are exposed to credit risk PT. AIA FINANCIAL. This means that the insurance policy is subject to the risk that PT. AIA FINANCIAL may become unable to pay any amounts due under the policy. In such cases, the entire insured amount and any other amounts due under the policy may come under risk of complete or partial loss.

The full details of the product benefit, terms and condition, are provided in policy issued by PT. AIA FINANCIAL. Citibank accepts no responsibility for any insurance policy issued by PT. AIA FINANCIAL in relation to the insurance product. Buyer of insurance product must read and follow the terms and conditions of policy.There are certain conditions whereby the benefits under the plan will not be payable. These are stated as exclusions in the policy contract. You are advised to read the policy contract for the full list of exclusions.

You should seek advice from a qualified adviser if in doubt. If you choose not to, you will have to take sole responsibility to ensure that this product is appropriate to your financial needs and insurance objectives.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and surrender value payable may be less than the total premiums paid.

Citibank, Citigroup, Inc., its affiliates and its employees are not in the business of providing tax or legal advice to any taxpayer outside of Citibank, Citigroup, Inc. and its affiliates. This document is not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax benefits are subject to changes in the tax laws. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

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 Insurance Company have been reported and/or obtained a confirmation letter and/or obtained an approval from Financial Services Authority and 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).