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Family Shield is one of the Allianz unit-linked products distributed through Standard Chartered Bank focussing on protection for you and your family with minimum premium.
Benefits of Family Shield
- Provides protection for you and your family
- Assists in financial planning such as child educational planning or pension planning
- Offers 100% insurance funds to beneficiaries
- Offers additional protection options to be adjusted according to your needs such as protection from critical illness, hospitalisation and accidents.
- Offers additional protection such as premium payment guarantee by Allianz if you or your spouse pass away or are diagnosed with a critical illness.
Bapak Budi was 35 years of age when he purchased a Family Shield of Rp 10 million, with regular top ups of Rp 5 million over 10 years of planned payments. The insurance fund opted was Rp 100 million. The investment value for Bapak Budi at 75 years of age is Rp 6.14 billion (on a return assumption of 12% pa). With additional benefits (riders) for critical illness, payer benefit and 5 unit flexi care, if Bapak Budi is diagnosed as suffering from one of the 38 critical illnesses, then the insurance fund of Rp 100 million will be paid to him. If Bapak Budi suffers from such an illness and is hospitalised for up to Rp 500,000 per day, he will be exempted from insurance payments.
This insurance product is not a bank product and is not included within the saving guarantee program by Saving Guarantee Department (Lembaga Penjamin Simpanan). Standard Chartered Bank only act as a distributing party and cannot be held responsible for any risk that might occur from this insurance product. This product is not an investment product (not a Unit Link insurance product).