IPP

Income Payout Protector

Protection Solution along with Guaranteed Financial Income

HSBC IndonesiaInsuranceIncome Payout Protector

Income Payout Protector

Surely you have various financial plans for family welfare in the future. But is there any guarantee that you will avoid the consequences of risk such as:

The family's financial risk if the breadwinner dies.

Prepare the traditional life insurance product solution with Income Payout Protector for guaranteed financial protection and targets.

Keunggulan Produk

The Death Benefit that Allianz will pay the Beneficiary is 102% of the total Premium paid if the Insured dies during the 1st Policy Year and 2nd Policy Year; or 120% of the total Premium paid if the Insured dies during the 3rd Policy Year to the 5th Policy Year; or the amount of the Sum Assured if the Insured dies during the 6th Policy Year and so on during the Insurance Period.

Accidental Death Benefit(1) that Allianz will pay to the Beneficiary in the form of an additional Death Benefit of 1 times the amount of Death Benefit that the Beneficiary is entitled to receive as referred to in the Policy.

Guaranteed Annual Payout(2) which Allianz will pay to the Policyholder at the end of each Policy Year, starting from the end of the 1st Policy Year to the end of the 9th Policy Year in the amount 8% of the Premium paid in 1 Policy Year ("Value Annual Premium")(3).

Maturity Benefit(4) that Allianz will pay to the Policyholder is 110% of the total Premium paid.

Short Insurance Period of 10 years with a Premium Payment Period of 5 years.

Apply for a Policy with a health declaration without a medical examination with a maximum Sum Assured of up to IDR 3.000.000.000.

1
Accidental Death Benefit will only be paid if the Insured dies within 90 calendar days from the date of the Accident.
2
Guaranteed Annual Payout is the amount of money paid to the Policyholder at the end of each Policy Year, starting from the end of the 1st Policy Year to the end of the 9th Policy Year, in accordance with the other terms and conditions in the Policy.
3
To avoid doubt, the amount of each Guaranteed Annual Payout entitled to the Policyholder to receive is as stated in the Policy Data.
4
If the Insured is still alive on the End of Coverage Date as stated in the Policy Data.

All Insurance Benefits will be paid by Allianz after deducted by other obligations (if any).

Guaranteed Annual Payout(1)

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Policy Year Guaranteed Annual Payout(1) Guaranteed Annual Payout Payment Due Date(3)
1 8% Annual Premium Value(2) End of 1st Policy Year
2 8% Annual Premium Value(2) End of 2nd Policy Year
3 8% Annual Premium Value(2) End of 3rd Policy Year
4 8% Annual Premium Value(2) End of 4th Policy Year
5 8% Annual Premium Value(2) End of 5th Policy Year
6 8% Annual Premium Value(2) End of 6th Policy Year
7 8% Annual Premium Value(2) End of 7th Policy Year
8 8% Annual Premium Value(2) End of 8th Policy Year
9 8% Annual Premium Value(2) End of 9th Policy Year
10 Not Available -

Notes

1
Guaranteed Annual Payout is the amount of money paid to the Policyholder at the end of each Policy Year, starting from the end of the 1st Policy Year to the end of the 9th Policy Year, in accordance with the other terms and conditions in the Policy.
2
To avoid doubt, the amount of each Guaranteed Annual Payout entitled to the Policyholder to receive is as stated in the Policy Data.
3
If the Insured dies during a Policy Year and Death Benefit or Accidental Death Benefit claim is approved by Allianz after the Guaranteed Annual Payout for that Policy Year has been paid, then the amount of the Death Benefit or Accidental Death Benefit that will be paid will be reduced with the amount of Guaranteed Annual Payout that have been paid for that Policy Year.

All Insurance Benefits will be paid by Allianz after deducted by other obligations (if any).


Guaranteed Annual Payout payment terms

  • Policy must be valid or active at the end of each relevant Policy Year.
  • Premium for 1 year of the Policy must always be paid in full according to the Policyholder's chosen Premium payment method, and Allianz must receive each Premium no later than the end of the Grace Period.
  • The value of the Guaranteed Annual Payout that Allianz provides is fixed and in accordance with the Premium amount per year. The Guaranteed Annual Payout value is not calculated from the total amount of Premium received by Allianz.
  • If the Policy ends before the Guaranteed Annual Payout Payment Due Date but then the Policy is reinstated after the Guaranteed Annual Payout Payment Due Date in accordance with the terms and conditions of the Policy, then the Guaranteed Annual Payout for that Policy Year will be paid by Allianz on the Payment Due Date Guaranteed Annual Payout is next closest.
  • Guaranteed Annual Payout Payment will be made within 7 working days from the Guaranteed Annual Payout Payment Due Date.


Maturity Benefit

If Insured is still alive on the End Date of Coverage(1)

The Policy ends and Allianz will pay Maturity Benefit to the Policyholder in the amount of 110% of the total premium paid.
1
End Date of Coverage as stated in the Policy Data.

All Insurance Benefits will be paid by Allianz after deducted by other obligations (if any).

  • Entry Age:
    • Insured: 1 month - 65 years old (nearest birthday).
    • Policy holder: 18 years old - no maximum Age (nearest birthday).
  • Insurance Period:
    10 years.
  • Premium Payment Period:
    5 years.
  • Premium payment method:
    Annual regular Premium or other in accordance with the applicable policies at Allianz.
    No change of Premium payment method is permitted under the Policy.
  • Sum Assured:
    Refers to Death Benefit and Accidental Death Benefit.
    No addition or reduction to the Sum Assured is permitted under the Policy.
  • Premium:
    • Minimum annual Regular Basic Premium:
      IDR 50.000.000.
    • Maximum annual Regular Basic Premium:
      IDR 500.000.000.
    • Premium amount remains fixed during the Premium Payment Period.
    • No addition or reduction to the Premium is permitted under the Policy.
  • Currency: IDR.
  • Underwriting: Guaranteed Issue Offer (GIO) with a health declaration without a medical examination with a maximum Sum Assured of up to IDR 3.000.000.000.
  • There are exceptions for Insurance Benefit according with effective terms and conditions in the Policy.
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