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Bancassurance

  1. PT. AIA FINANCIAL
    1. BAHAGIA BUAH HATI
    2. BAHAGIA OPTIMA
    3. BAHAGIA UTAMA
  2. PT. ASURANSI JIWA SINARMAS MSIG

I. PT. AIA FINANCIAL

A. BAHAGIA BUAH HATI

How strong the future of your little one?
How strong the education supply you would give for your little one?

Bahagia Buah Hati The future strength for your loved ones depends on how much you prepare to provide the best insurance and education for them.
Bahagia Buah Hati will help ensure a secure future for your child.

  1. Privileges*
    • Optimum education investment funds
      Secure the educational funds for your children with optimum investment result by paying low and shortened initial acquisition costs within 3 (three) years of the first policy.
    • Flexible
      You can withdraw your deposit funds any time.
    • Life time coverage
      Provide insurance protection with investment benefit for educational funds for your children until they reach 99.
    • No lapse guarantee
      The policy will not be abolished during the first 3 (three) years.
    • Free charge
      Free monthly charge during the first year of policy, including insurance and administration fee.
  2. The benefit policy for death and total permanent disability*
    • Educational fund guarantee
      If the policy holder has a risk of death or total permanent disability, you don’t need to be worry about the sustainabily of the educational fund for your children since the company proceed your premium payment until your children reach 25.
    • Protection for you and your loved ones
      100% sum assured amount will be compensated to your children if you; as the policy holder or your children as the insured have a death risk.
  3. Investment Benefit
    • In addition for insurance benefits above, you or your beneficiary deserved the accumulated investment funds that you paid, to fulfill your children educational needs.
  4. Available options for insurance package benefits
    (in IDR policy)
  5. Entry Age
    • Children (the insured): 1 month - 17 years.
    • Parent (policy holder): 18 - 55 years.
  6. Insurance cost
    • Acquisition fee
    • 3% top up fee from premium top up
    • 2.5% investment management fee from investment portofolio.
    • Insurance fee; charged amount depends on the age of the insured and the sum assured.
    • IDR 27.500 for monthly charge start from 2nd – 10th policy year, (free charge for the 1st policy year), and IDR 15.000 from the 11th year and so forth.
    • Diversion and free look cancellation fee will be charge if there is a transaction.
    • Free withdrawal fee.
  7. Benefit illustration

    • The insured person entry age: 6, with F package selected: basic premium IDR 4.000.000/year; premium top up IDR 1.000.000/year; sum assured amount IDR 125.000.000; payor term IDR 125.000.000; TPD payor waiver (basic premium+top up) investment level assumptions 12%.
    • Invesment benefit growth assumptions above are only illustrative and not guaranteed. The investment level and its fund growth can be higher or lower, the investment benefit value can have larger or smaller than the invested fund.
    • Growth of investment depends on the formed unit value.
  8. Investment risk
      • The change of economic and political conditions that lead to stock market poor performance and decreased unit value that you earned.
      • The change of legislation terms within insurance or investment field.

    The entire possible risk of investment choice becomes your responsibility.

  9. The Investment options
    1. IDR equity fund
      Stock investment within Indonesia Stock Exchange (IDX) with the relatively higher growth result and higher risk.
    2. IDR fixed income fund
      Fixed income investment with stable refund rate and lower risk level.
    3. USD fixed income fund
      Fixed income investment with USD currency with stable refund rate and lower risk level.
    4. IDR money market fund
      Money market investment with stable refund rate and lower risk level.
    5. IDR dana berkah fund
      Syariah based money market investment with stable refund rate and lower risk level.
    6. IDR balance fund
      Stock, fixed income, money market investment with fair and constant growth, and moderate risk.

CITIBANK Jakarta is a custodian bank that holds securities and other assets, including the dividend and investment payment and count calculate the unit values. The amount of fund depends on the unit values whose depends on the investment growth level.

The unit value settlement frequency is normally conducted within working days or other period, specified by PT. AIA FINANCIAL.

 

BAHAGIA OPTIMA

The exact insurance solutions for every stage of your life

In every stage of our lives, there are particular financial needs and goals. Bahagia Optima is here to provide you the best solutions in every stage of your life.

Bahagia Optima is a life insurance that provides maximum protection with optimum investment result. The best investment choice for you and your family in the future

Life Protection

  1. 100% sum assured amount with accumulated investment fund for your life protection until you reach 80.
  2. Maximum benefit of 200% sum assured amount include accumulated investment fund in case of risk of death due to accidents, until you reach 70.
  3. Maximum benefit of 300% sum assured amount include accumulated investment fund in case of risk of death due to accidents while using public transport, until you reach 70.

Benefits

  1. Optimal Investment
    ptimal accumulated investment; 50% basic premium from the first year policy and 100% from second year will directly allocated to the investmen fund.
  2. Flexible
    Choose your own package and your investment allocation, withdrawal and addition. You can specify your sum assured amount 5 – 25 times within annualy basic premium.
  3. Payment Flexibility
    If you are unable to pay the basic premium, your policy will remain in force as long as you have sufficient balance on your top-up premium account to pay your basic premium. The entire additional insurance remain valid even though your policy is on automatic premium furlough mode as long as you have sufficient balance on your top-up premium account to pay your monthly and additional premium.
  4. Total Protection
    You can optimize your insurance protection benefits by applying additional insurance such as:
    • Daily cash compensation for hospitalization
    • Premium exemption benefit
    • Terminal illness risk protection benefit
    • Term insurance benefits
  5. Loyalty Bonus
    For loyal participants with ≥ 10 years membership and complete the basic premium payment within 10th and/or 11th year also the accumulation of basic premium account withdrawal that does not exceed 2 times within the annual basic premium, we will provide 50% loyalty bonus from your basic premium into your investment benefit funds:
    Policy Year Loyalty bonus percentage
    10 25%
    11 25%

    The policy holders will get total loyalty bonus when they paid 11th year premiums with 50% amount from basic premium that will be paid into basic premium account values in accordance with the payment procedure, as long as basic premium withdrawal accumulation within the on going year not exceed 2 times annual basic premium
  6. Complete Benefit
    You can treasure the benefits for your lifetime and it can be used for your heiress or your beneficiary.

Benefit Illustration

Example :
The participant entry age is 32 with IDR 20.000.000/year as basic premium; IDR 100.000.000 as sum assured amount, with 12% investment level assumptions.

  • Invesment benefit growth assumptions above are only illustrative and not guaranteed. The investment level and its fund growth can be higher or lower, the investment benefit value can have larger or smaller than the invested fund.
  • Growth of investment depends on the formed unit value.

Terms and Conditions

The entry age of the ensured: 1 month – 65 years The entry age of the policy holder: at least 18 years

Premium pay method Minimum premium basic
IDR US$
Yearly 7.800.000 1.200
6 month 3.900.000 600
3 months 1.950.000 300
Monthly 650.000 100

Insurance Cost

  1. Acquisition fee; 50% within the 1st and 0% for the next 2nd and subsequent years.
  2. 3% top up fee from premium top up.
  3. 2.5% investment management fee from investment portofolio.
  4. Insurance fee; charged amount depends on the age of the insured and the sum assured amount that costs 0.23 – 8.24/1000 monthly sum assured amount.
  5. IDR 27.500 for monthly charge start from 1st – 10th policy year or USD 5/ month and IDR 15.000 / USD 3 /month from the 11th year and so forth.
  6. Maintenance fee within 1st – 7th year policy; 3.5% (IDR policy) or 3% (USD policy) per year from basic premium value; 0% start from 8th year and so forth.
  7. Redemption fee will be charged when there is cancellation policy within 1st –7th policy year
  8. Free withdrawal fee.
  9. Other possible fee will be charge if there is a transaction based on term and conditions

Investment risk

    • he change of economic and political conditions that lead to stock market poor performance and decreased unit value that you earned.
    • The change of legislation terms within insurance or investment field.

The entire possible risk of investment choice becomes your responsibility.

The Investment options

  1. IDR equity fund
    Stock investment within Indonesia Stock Exchange (IDX) with the relatively higher growth result and higher risk.
  2. IDR China-India-Indonesia equity fund
    Investasi pada instrumen saham yang memiliki eksposur ekonomi di China, India dan Indonesia yang memberikan pertumbuhan hasil yang relatif tinggi dengan risiko yang relatif tinggi pula.
  3. IDR fixed income fund
    Fixed income investment with stable refund rate and lower risk level.
  4. USD fixed income fund
    Fixed income investment with USD currency with stable refund rate and lower risk level.
  5. IDR money market fund
    Money market investment with stable refund rate and lower risk level.
  6. IDR dana berkah fund
    Syariah based money market investment with stable refund rate and lower risk level.
  7. IDR balance fund
    Stock, fixed income, money market investment with fair and constant growth, and moderate risk.

CITIBANK Jakarta is a custodian bank that holds securities and other assets, including the dividend and investment payment and count calculate the unit values. The amount of fund depends on the unit values whose depends on the investment growth level.

The unit value settlement frequency is normally conducted within working days or other period, specified by PT. AIA FINANCIAL.

*term and conditions are mentioned within the policy.

BAHAGIA UTAMA

The future strength for your loved ones depends on how much you prepare to provide the best insurance and education for them.

Bahagia Utama is an insurance & investment product which gives the best protection for your future well being.

Privileges*

  • Complete Protection
    You can treasure you investment benefit while you are still alive, also for your heiress/beneficiary once you passed away
  • Lifetime coverage
    Provide insurance protection with investment benefit for educational funds for your children until they reach 99.
  • Optimal investment
    Optimal investment result with low and brief acquisition fee (only for the first 3 policy year).
  • Flexible
    Premium payment flexibility, investment allocation option, withdrawal and addition of your investment fund.
  • Additional insurance
    You can optimize your insurance protection benefits by applying additional insurance such as terminal illness & accident risk protection,

Death Insurance Benefits*

  • Provide 100% lifetime coverage sum assured amount until the insured person reach 99.

Investment Benefits

  • Besides your own life protection benefit you or your heiress deserved to earn the accumulated premium investment.

Insurance Entry Age

  • The entry age of the insured person: 18 – 55 years.
  • The entry age of the policy holder: at least 18 years.

Insurance Cost

  • Acquisition fee:
    • 1st policy year 100% from annual basic premium
    • 2nd policy year 60% from annual basic premium
    • 3rd policy year 30% from annual basic premium
    • 4th policy year and so forth, 0% from annual basic premium
  • 3% top up fee from premium top up
  • 2.5% investment management fee from investment portofolio.
  • Insurance fee; charged amount depends on the age of the insured and the sum assured amount.
  • IDR 27.500 for monthly charge start from 1st – 10th policy year and IDR 15.000 /month from the 11th year and so forth
  • Diversion and free look cancellation fee will be charge if there is a transaction
  • Free withdrawal fee.

Basic Premium

Pay Method Minimum basic premium
IDR USD
Annual 3.000.000 360
Monthly 250.000 30

Investment risk

  • The change of economic and political conditions that lead to stock market poor performance and decreased unit value that you earned.
  • The change of legislation terms within insurance or investment field.

The entire possible risk of investment choice becomes your responsibility.

The Investment options

  • IDR equity fund
    Stock investment within Indonesia Stock Exchange (IDX) with the relatively higher growth result and higher risk.
  • IDR fixed income fund
    Fixed income investment with stable refund rate and lower risk level.
  • USD fixed income fund
    Fixed income investment with USD currency with stable refund rate and lower risk level.
  • IDR money market fund
    Money market investment with stable refund rate and lower risk level.
  • IDR dana berkah fund
    Syariah based money market investment with stable refund rate and lower risk level.
  • IDR balance fund
    Stock, fixed income, money market investment with fair and constant growth, and moderate risk.

CITIBANK Jakarta is a custodian bank that holds securities and other assets, including the dividend and investment payment and count calculate the unit values. The amount of fund depends on the unit values whose depends on the investment growth level.

The unit value settlement frequency is normally conducted within working days or other period, specified by PT. AIA FINANCIAL.

II. PT. ASURANSI JIWA SINARMAS MSIG

SMiLe Optima Link

SMiLe Optima Link provide two benefits at once, life coverage due to accidents and non accidents until you reach 99, as well as the value growth investmet that you entrusted.

  1. Benefits
    1. SMiLe Optima Link with various insurance benefits:
      1. Compensated by 100% sum assured amount with policy value, once the insured person passed away.
      2. The policyholder gets the value of insurance policy if the insured person is still alive once the valid insurance contract period is ended.
      3. Minimum sum assured amount:
        • Annual premium: IDR 7.500.000 (USD 750) or 500% annual basic premium.
        • All at once premium: IDR 15.000.000 (USD 1,500) or 125% annual basic premium.
    2. With various additional insurance:
      1. SMiLe Medical+ SMiLe Scholarship
      2. SMiLe Personal Accident SMiLe Ladies Medical (As Charged)
      3. SMiLe Hospital Protection SMiLe Ladies Hospital Protection
      4. SMiLe Hospital Protection (+) SMiLe Ladies Insurance
      5. SMiLe Hospital Protection Family SMiLe Waiver 5/10 TPD/CI*
      6. SMiLe Total Permanent Disability SMiLe Payor 5/10 – TPD/CI/Death*
      7. SMiLe Critical Illness (CI) SMiLe Payor 25 – TPD/CI/Death*
      8. SMiLe Term Rider SMiLe Waiver 55/60/65 TPD/CI*
      9. SMiLe Medical (As Charged) SMiLe Early Stage Critical Illnesss 99 (ESCI 99)
        * Rider Payor and Waiver only valid for premium payment with regular method.
    3. Investment flexibility
      1. Investment fund top up for regular premium payment available at any time.
      2. Investment fund withdrawal and switching available at any time, free charge for maximum 2 times for each withdrawal and switching within one year policy.
  2. Term and Conditions
    1. Insurance entry age
      The entry age of the ensured: 15 days – 70 years.
      The entry age of the policy holder: 17 – 85 years.
    2. The insurance period valid until the insured person reach 99 years.
    3. Premium pay method options: all at once, annual, semiannual, quarterly, monthly.
    4. Currency: IDR and USD.
    5. Maximum premium
      The entry age of the ensured 1 – 5 years
      • Annual premium: IDR 100.000.000 (USD 10,000).
      • All at once premium: IDR 400.000.000 (USD 40,000).
      The entry age of the ensured >5 years
      • Annual or all at once premium: IDR 1.000.000.000 (USD 100,000).
    6. Insurance Cost
      Administration fee: IDR 27.500 (USD 5)/month.
      Top up fee; 5% from premium top.
      Acquisition fee; 5% from all at once payment or specified percentage from basic premium with regular payment.
      Policy year Acquisition fee
      1 100%
      2 60%
      3 15%
      4 15%
      5 15%
      Investment management up to 2% per year.
      Withdrawal before 3rd month of policy as well as for the 3rd withdrawal and so forth.
      1.25% per year from the total withdrawn fund.
      The 3rdSwitching time and so forth: 2% from the total switching fund.
    7. Exception :
      Insurance coverage is void if the description in the insurance submission letter or other document that used as insurance basic is not correct or complete lack of.
      The causes of death that will not be covered:
      • Suicide attempt; 2 years since policy termination or policy.
      • Death sentence by the court.
      • Intentionally criminal.
      • Death by AIDS, ARC or HIV.
    8. Claim Procedures :
      Submit the document requirements within the policy term to the nearest Sinarmas MSIG Life branch or headquarter office.
      If the document is not complete, SMiLe will inform the policyholder or any representative to complete the document.
      Claim will only paid by SMiLe to the policyholder or any requested representative.
      Contact the SMiLe marketer and customer service on 021-26508300 or 50609999 for more info about claim submission and procedure.
    9. Claim submission document requirements:
      Cash benefit claim:
      • Polis asli.
      • Bukti diri pemegang polis yang masih berlaku.
      • Benefit claim submission letter made by policyholder.
      Death claim submission:
      • Original insurance policy.
      • Valid proof of the insured person
      • Death claim submission letter
      • Death notice from the authorized institution
      • Cause of death certificate made by doctor
      • Death by accident notice letter made by police
      • Visum et repertum (unnatural death)).
      • Death in foreign countries notice letter by Indonesian Embassy.
    10. SMiLe may request other documents that necessary related for the coverage claim, and settlement process.
  3. Pilihan Dana Investasi
    Kombinasi ditentukan pertama kalinya berdasarkan kelipatan 10% untuk setiap jenis dana investasi.
    1. EXCELLINK AGGRESSIVE FUND
      Minimum 80% investment fund within capital market (equity) investment and/or maximum 20% money market investment.
    2. EXCELLINK SECURE DOLLAR INCOME FUND
      Minimum 80% Fixed Income investment fund with USD currency and/or maximum 20% money market investment.
    3. EXCELLINK DYNAMIC DOLLAR FUND
      Minimum 50% Fixed Income investment fund with USD currency and maximum 50% Equity investment.
      Sinarmas MSIG
  4. INVESTMENT FUNDS BASIS & VALUATION FREQUENCIES
    The unit price of each fund investment is calculated every business day. The calculation is to divide the investment fund values with the number of all units when the calculation date mentioned.
    The value of the investment fund is the asset value after deducted by tax, added by asset investment fund and receivable amount investment results.
    The unit price announced every working day and at least informed in one daily Indonesian newspaper.
  5. Investment Risk
    • Policy Values Volatility Risk: due to macroeconomic and security conditions which leads unstability of the policy values.
    • Failed Credit Risk: due to IOU or money market instruments that stated not able to pay the basic and interest.
    • Political and economy risk; due to changes in economic and political conditions within domestic ranges and foreign countries, human rights, law and politic policy, and government regulation related to the financial businesses.
    • Liquidity risk: due to sufficient funds that investment managers cannot provide or to immediately purchase back the sold units.
    • Currency exchange rate Risk: due to the premium payments or benefits of using foreign currency, which is different from insurance policies, with fickle currency exchange rates on the market.

Control your investment value growth!
Check https://epolicy.sinarmasmsiglife.co.id. The investment report will be send once within 6 (six) months, whereas the transaction reports will be send to you per transaction.

Illustration:
Mr. Anton (59) invest IDR 1.000.000 /month on SMiLe Optima links with the combination of 70% basic premium and 30% top up premium. These funds are placed entirely within Excellink Dynamic Fund. The selected sum assured amount by Mr. Anton is IDR 42.000.000.
With the assumption that he will pay monthly premium payment for 10 years, the illustrative death and cash value benefits can be described as the following table:
Sinarmas MSIG

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