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Premium Shield is an Allianz unit-linked product offered through Standard Chartered Bank. This product offers more return on investment from the first year.
Benefits of Premium Shield:
- Offers a higher proportion on investment starting from the first year
- Offers 100% insurance funds to beneficiaries
- Provides additional protection options to be adjusted according to your needs, such as protection from critical illness, hospitalisation and accidents
- 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 year of age when he purchased a Premium Shield of Rp 25 million with Rp 5 million regular top ups. The sum assured for Bapak Budi was Rp 200 million. The investment value for Bapak Budi at 75 years of age is Rp 13.63 billion (on a return assumption of 12% pa). With additional benefits (riders) for critical illness, payor benefit and 10 unit flexi care, Once Bapak Budi is diagnosed as suffering from one of the 38 critical illnesses, the sum assured of Rp 200 million is paid. Moreover, Allianz will pay the premium due to this illness while he will also get the daily cash benefit of Rp 1 million per day in case he was hospitalized.
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).