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Standard Chartered Bank SME Banking, in partnership with Manulife Financial, offers the FEP Key-Man insurance product for your business.
This product ensures that if something unfavorable were to happen to the key-man in your business, your business can continue to operate without its key-man.
WHAT IS KEY-MAN PROTECTION?
FEP Key-Man Protection is part of Family Estate Protection (FEP) product that helps ensure your business continuity by providing comprehensive protection for key-man employees in your company.
BENFIT OF FEP KEY-MAN PROTECTION
By using these funds, the company will be able to better fulfill its obligations to customers, creditors, and partners, as well as to compensate any potential financial loss.
HOW DOES FEP KEY-MAN PROTECTION ENSURE THE CONTINUITY OF YOUR BUSINESS?
The company can establish a suitable FEP Key-Man Protection plan to ensure business continuity. In the case of loss of a key-man employee, then FEP Key-Man Protection will pay the sum assured to the company. By using these funds, the company will be able to better fulfill its obligations to customers, creditors, and partners and to compensate any potential financial loss.
WHO CAN BE INCLUDED IN FEP KEY-MAN PROTECTION?
• Director of company, or• Key-man employee who can fulfill the requirement.
OTHER TERMS FOR FEP KEY-MAN PROTECTION
• Sum assured is 5-10 times from employee annual salary (minimum IDR 500 mio)• Policyholder is a company
• Beneficiary is a company
• Complete Life Insurance Application Letter (SPAJ) along with other required documents
• Beneficiary from key-man employee will complete beneficiary statement
ABOUT PT ASURANSI JIWA MANULIFE INDONESIA
PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) offers complete products and services in the financial industry in Indonesia through life insurance products and employee benefits. With its headquarter in Jakarta, Manulife Indonesia operates through its marketing offices in more than 20 cities across Indonesia, supported by 6.700 employees and professional agents who serve more than 1.5 million customers.
IMPORTANT NOTES
FEP Key-Man Protection is issued by PT Asuransi Jiwa Manulife Indonesia and distributed by Standard Chartered Bank. This product is not a savings product from Standard Chartered Bank therefore it does not contain any liability or guarantee from Standard Chartered Bank and is not covered by the guarantee program of the Indonesian Government.
Standard Chartered Bank does not hold any responsibility for insurance policies issued by PT Asuransi Jiwa Manulife Indonesia related to the insurance products. The use of the Standard Chartered Bank logo is based on approval from Standard Chartered Bank as part of cooperation between Standard Chartered Bank and PT Asuransi Jiwa Manulife Indonesia in marketing the products. Standard Chartered Bank is not a broker or agent from PT Asuransi Jiwa Manulife Indonesia.