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Make sure that your most valuable assets are always safe and protected with Value Shield insurance.
It is a well-known fact that monetary status determines one’s ability to attain many things in life, such as a dream house, a family vacation, the best education for your children, as well as an active and satisfying retirement.
You work very hard to achieve all of your dreams, so it’s advisable to calculate your life risk. Life risk does not consider just age, gender or your financial status. Life risk could threaten all of your ambitions at any time.
You would agree that the best reward for your hard work is for you and your family to continue to enjoy the benefits of your investments, now and in the future.
Standard Chartered Bank, in partnership with PT Asuransi Allianz Life Indonesia, present Value Shield, which will enable you to build better long term investments and help to protect the results of your hard work in the future.
Value Shield Benefits:
Value Shield helps you identify your risk profile as well as define your current financial situation:
| 1 | Customer Investment Profile System will help you identify your investment risk tolerance and the suitable investment strategy that aligns with your goals and tolerance. |
| 2 | Protection Valuation Form will help you review your current financial situation and determine your financial needs, the length of time required to achieve your financial goal, the amount to invest and protection value that is needed to anticipate the occurrence of life risk. |
Value Shield helps you in your long-term investment with optimal return:
| • | Allocation of premium payment to unit investment of 50% in the first year, 80% in the second year |
| • | 110% of payment allocation starting 3rd year onward to maximize the value of your investment |
| • | Investment portfolio that you can choose for yourself in line with your investment goal, expected return and your risk tolerance |
| • | Flexibility to top-up your unit investment and to switch in-between investment funds to obtain an optimal return on your investment |
| • | Flexibility to withdraw your funds in accordance with your financial goal or whenever needed |
Overall Life Insurance Protection:
| • | Life insurance benefit |
| • | Critical illnesses benefit if you are diagnosed with 1 of 49 critical illnesses—from cancer or heart attack to lupus |
| • | Daily monetary benefit if you have to be hospitalized due to an illness or accident |
| • | Protection to the continuation of your investment in the event that you or your spouse is diagnosed with 1 of 49 critical illnesses or is permanently disabled. Allianz will cover the rest of your premium payments for you or your spouse until the age of 65. |
| • | Medical emergency evacuation facility of up to USD1,000,000 |
Value Shield Mechanism
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First premium payment is allocated and counted into unit link investment using the unit Asking Price applicable at the time. Allocation of premium payment is as follows:
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| • | 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 is available 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) | ||||||
| • | In the first five years (every month) acquisition and supplementary fees will be charged to each regular premium unit | ||||||
| • | Premium Holiday facility is only available after 2 years. During Premium Holiday, all fees will still be charged every month as a deduction on unit investment. Premium Holiday fees will be applied in third to fifth year, only if unit top-up is insufficient to fund the premium amount due during Premium Holiday. Premium Holiday fees will not apply after the fifth year. | ||||||
| • | Withdrawal and cancellation of policy will be subject to fees outlined in the proposal illustration | ||||||
| • | Claims, along with the documents, must be completed in accordance to the terms that apply in PT Asuransi Allianz Life Indonesia. The list of required documents can be obtained by contacting your Relationship Manager, which will later be processed by PT. Asuransi Allianz Life Indonesia |
Illustration
Client as a 40 year-old policy holder with regular premium of IDR100.000.000 per year for a period of 10 years.
| Benefits Explanation: | ||
| • | Life coverage | : IDR1.000.000.000 |
| • | Cronic illnesses coverage | : IDR500.000.000 |
| • | Permanent handicap coverage | : IDR 500.000.000 |
| • | Hospitalization daily coverage | : IDR1.000.000 per day |
| • | The continuation of premium payments of IDR100.000.000 per year up to when policy holder turns 65 years-old or if policy holder is diagnosed with 1 of 49 critical illnesses or is permanently disabled | |
| • | Assumed investment return of 12% per annum | |
| • | Assumed increase in investment value of 12% per annum is not guaranteed and may change from time to time, depending on the investment performance of the Insurance company. | |
| • | Value of investment is not guaranteed, value may increase or decline depending on the Investment Fund chosen by policy holder and is not separate from investment risks. The benefit value may be smaller than the fund invested, depending on the availability of benefits insured. The performance of investment fund from the past is not an indication of what will happen in the future. | |
| • | Death benefit is the benefit coverage given in the even that the policy holder passes away | |
Profile of Investment Manager
PT Asuransi Allianz Life Indonesia
Established on August 16, 1996 with a sales network of over 10.000 agents. Today, 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 operates in Jakarta, Surabaya, Bandung and Denpasar.
Value 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.