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Value Shield is an Allianz unit link product offered through Standard Chartered Bank. This product offers the benefit of additional medical evacuation service in addition of higher protection value and higher investment allocation from the third year.
Benefits of Value Shield:
- Offers a balance between protection and investment
- Assists financial planning such as child education planning or pension planning
- Offers 100% insurance funds to beneficiaries
- Offers direct medical evacuation benefits provided by Global Assistance Health Care
- Provides additional protection options to be adjusted according to your needs such as protection from critical illness, hospitalisation and accidents
- Provides additional protection such as a 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 Value Shield of Rp 20 million with Rp 5 million regular top ups for his one year old daughter's education, and plans to pay the premium for 10 years. The main benefit of this Value Shield product is the medical evacuation facility (up to US$ 500,000) while he also can plan for his children education. Bapak Budi would like to achieve Rp 20 million for elementary school, Rp 30 million for junior high school, Rp 50 million for senior high school, Rp 150 million for undergraduate studies and Rp 100 million for postgraduate level (on return assumption of 12% pa). The insurance sum assured was Rp 100 million. With additional benefits (riders) such as critical illnesses and payor benefit, Once Bapak Budi is diagnosed from one of the 38 critical illnesses, the sum assured of Rp 100 million will be paid to him and he will be exempted from payments up to the tenth year.
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).