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Select the right insurance for your future your family’s future; one that enables you to maximize your funds with minimum risk.
As part of your Wealth Preservation plan, Standard Chartered Bank in partnership with PT Asuransi Allianz Life Indonesia offers you Premium Shield, with new features added on the product. Through Premium Shield, you can continue to optimize your investment through the range of investment products available, while at the same time obtain protection towards future uncertainty risks as well as financial freedom to maintain your family's lifestyle. Premium Shield optimal investment allocates your fund optimally where all your premium payments will be immediately allocated to unit investment from the first year to maximize the value of your investment. The investment fund to optimize your return can be chosen by you to match your risk profile.
Optimal Investment Allocation
Premium Shield allocates your fund optimally by immediately allocating your premium payments into unit investment from the first year to maximize the value of your investment. The investment fund to optimize your return can be chosen by you to match your risk profile.
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Benefits of Insurance Coverage
| All-around life coverage insurance as a guarantee to the planned future for your family: | |
| 1 |
If you are diagnosed with one of 49 critical illnesses—ranging from cancer, heart attack and stroke, to Lupus: |
| • A set amount of cash will be disbursed as an additional medical benefit to protect your cash flow. | |
| • Allianz will pay the rest of your premium until you reach 65 years old to ensure the continuation of your investment. | |
| 2 | In the event that you pass away, inheritance will be disbursed to your family (as beneficiary of your inheritance) for the amount equal to Coverage Amount and all of your Investment Value. |
| 3 | Additional protection that you can select to increase the certainty of your family's future without increasing your insurance premium: |
| • Accident benefit | |
| • Total and Permanent Disability benefit | |
| • Daily coverage benefit while under hospitalization | |
Flexibility
| • | Premium Shield may be used for multiple financial goals depending on your need, as saving, protection and education funds for your children, as well as preparation for retirement |
| • | Wide selection of investment options |
| • | Premium payment can be made through direct debit from your Standard Chartered Bank account |
| • | Ease of adding or withdrawing your funds without stopping the insurance protection |
| • | Premium Holiday facility available after 2 years* (subject to fees until after 7 years). |
| • | Access to Unit Price movement through www.allianz.co.id, Customer Care Centre PT Asuransi Allianz Life Indonesia and through Bisnis Indonesia daily newspaper. |
| * Facility is available after a minimum of two investment payments. During Premium Holiday, all fees will still be charged every month as a deduction on unit investment. Premium Holiday fees will be charged if top-up amount does not suffice during period of Premium Holiday.
** Withdrawal or cancellation can be done at any time, but there will be a fee applied for this. |
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How Premium Shield Works
| • |
All your investment (105.26%)*** will be allocated and converted into unit using the unit Bid Price applicable at the time of payment. |
| • | Unit price consists of unit Bid and Ask Price with a maximum of 5% spread between the two prices. |
| • | Unit price may change from time to time depending on the insurance company's investment performance. |
| • | Unit price determination is performed on every market day through Harian Bisnis Indonesia by PT Asuransi Allianz Life Indonesia's investment team. |
| • | Insurance fee and administration fee will be charged through unit deduction from your unit balance every month end |
| • | The insurance fee is determined through age and gender, as well as the amount of coverage. |
| • | Free switching fee is available for up to 4 times per year, subsequent switches will be subject to a 1% fee from total fund allocated (with a minimum of IDR100.000) |
| • | Withdrawal and early redemption of policy will be charged a fee listed on the illustration proposal. |
| *** Before unit spread of 5% between Asking Price and Bid Price | |
Illustration
Illustration of Premium and Benefits*
Referring to the table above, if you are a 45 year-old male, an example of the protection that you can obtain through Premium Shield is:
Policy holder: 45 year-old male
Premium paid: IDR50.000.000 per year for a period of 10 years
| Benefits: | ||
| • | Death | : IDR 500.000.000,- |
| • | Death or permanent disability caused by an accident | : IDR 500.000.000,- |
| • | Critical Illnesses (49 kinds) | : IDR 250.000.000,- |
| • | Permanent Disability | : IDR 250.000.000,- |
| • | Hospitalization | : IDR 500.000,- daily |
Profile of Investment Manager
PT Asuransi Allianz Life Indonesia
Established on August 16, 1996 with a sales network of over 10.000 agents. At the moment,
PT Asuransi Allianz Life Indonesia has 80 sales offices and outlets located in 43 cities across Indonesia—from Banda Aceh to Jayapura (Papua). In addition, the company also offers Allianz Center which operate in Jakarta, Surabaya, Bandung and Denpasar.
Premium Shield is not a banking product and its program is not included in the program scope of saving and lending of LPS as mentioned and regulated in Undang-Undang No.24/2004 about Lembaga Penjamin Simpanan. Standard Chartered Bank acts only as a party that distributes this product. Bank is not held responsible or burdened with the risk that comes from the insurance, performance of investment component of this product is not isolated from the risk of investment.