Prime Life Assurance
Solution for your family's future.
Prime Life Assurance
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 condition is not maintained if the breadwinner dies.
Prepare traditional life insurance product solution with Prime Life Assurance for serenity by having optimal legacy.
Product excellence
10 years Initial Insurance Period for Basic Insurance with feature of Renewal Insurance Period in the form of Policy will be renewed automatically(3) with the same duration of initial Insurance Period for Basic Insurance(4) without a health check(5).
Maximum legacy with minimum Sum Assured for Basic Insurance IDR5,000,000,000 / USD380,000(6)
Basic Insurance Premium regular payment method in IDR & USD currency based on need.
1
Sum Assured for Basic Insurance as stated in Policy Data or Endorsement (if any).
2
Death Benefit payment will reduced by unpaid Premium from Policyholder for current Policy Year according with General Policy Terms and other obligations (if any); then Policy end.
3
Allianz have a right for not to renew Policy by written notification to Policyholder within latest of 30 calendar days before the End Date of Coverage.
4
If the Insured is still alive at the End Date of Coverage for Basic Insurance. Renewal Insurance Period will start since the effective date of Renewal Insurance Period (“Effective Date of Renewal Insurance Period”) and will end at the end date of Renewal Insurance Period (“The End Date of Renewal Insurance Period”), each of which is mentioned in renewal Insurance Period notification letter published by Allianz (”Renewal Insurance Period Letter”). The Insured does not exceed the age of 80 years old and still alive at the Effective Date of Renewal Insurance Period, also the Insured does not exceed the age of 90 years old at the End Date of Renewal Insurance Period.
5
Policyholder can choose Basic Insurance Sum Assured value for Renewal Insurance Period with amount: (i) Equal with Sum Assured for initial Basic Insurance value. In that case, Premium amount that must be paid by Policyholder or Premium Payor (whichever is appropriate) will increase according to increased Insured Age and the effective Allianz underwriting terms; or (ii) Smaller than Sum Assured for initial Basic Insurance. However: (ii.a) The adjusted Sum Assured value should not be smaller than minimum Sum Assured which is set by Allianz according to Allianz underwriting; and (ii.b) Premium that must be paid by Policyholder or Premium Payor (whichever is appropriate) will be adjusted according to decreased Sum Assured and Allianz underwriting terms.
6
According to effective product terms.
Insurance Benefit
1
Sum Assured for Basic Insurance as stated in Policy Data or Endorsement (if any).
2
Death Benefit payment will reduced by unpaid Premium from Policyholder for current Policy Year according with General Policy Terms and other obligations (if any); then Policy end.
Specifically for the Insured age below and/or up to 5 years old, Death Benefit will be paid follow to below term:
Scroll to the right if table is not fully displayed
| Insured age at the time of death (years old) | Death Benefit paid |
|---|---|
| ≤ 1 | 20% |
| 2 | 40% |
| 3 | 60% |
| 4 | 80% |
| ≥ 5 | 100% |
Death Benefit payment will reduced by unpaid Premium from Policyholder for current Policy Year according with General Policy Terms and other obligations (if any); then Policy end.
- Entry age:
- Insured: 1 month - 70 years old (nearest birthday).
- Policyholder: 18 years old - no maximum age (nearest birthday)
- Initial Insurance Period for Basic Insurance:
10 years and :Policy will be renewed automatically* with the same duration as initial Insurance Period for Basic Insurance ("Renewal Insurance Period").
*) If Insured still alive at the End of Coverage Date for Basic Insurance. However, Allianz have a right for not to renew Policy by written notification to Policyholder within latest of 30 calendar days before the End Date of Coverage. - Sum Assured for Basic Insurance:
Minimum IDR5,000,000,000 / USD380,000
Note:- Maximum Sum Assured for Basic Insurance for Insured child (up to Age 17 years old) or non income earner: IDR 8.000.000.000 / USD 616.000
- Sum Assured for Basic Insurance change is not allowed during Insurance Period according to Policy (except option for Basic Insurance Sum Assured for Renewal Insurance Period adjust accordingly with new Premium amount approaching with previous Premium amount).
- Currency: IDR & USD.
- Underwriting: Full Underwriting.
- There are exceptions for Insurance Benefit according with effective terms and conditions in the Policy.
- Premium Payment Method for Basic Insurance Premium:
Monthly, quarterly, semester and yearly.
Notes: Increase or decrease of Premium is not allowed during Insurance Period according to Policy (except adjusted new Premium that must be paid by Policyholder or Premium Payor (whichever is appropriate) based on Insured entry Age according to effective Allianz underwriting terms and Basic Insurance for Renewal Insurance Period Sum Assured value).
- Product Brochure - Prime Life Assurance
- Ringkasan Informasi Produk dan Layanan (RIPLAY) Umum - Prime Life Assurance
- Customer Center Allianz Care:
Call center: 021-1500136
Email: ContactUs@allianz.co.id
Website: www.allianz.co.id - Notes:
Prime Life Assurance is an insurance product issued by PT Asuransi Allianz Life Indonesia and not PT Bank HSBC Indonesia's product. Thus, it is not guaranteed by Bank, and is not included in the government's loan guarantee program or deposit guarantee program.Any information listed in this website is not a part of insurance product policy ("Insurance Policy") and therefore does not constitute agreement for any insurance products between PT Asuransi Allianz Life Indonesia and customers. Customers are bound with terms and conditions listed in Insurance PolicyPT Bank HSBC Indonesia is acting only as reference provider for referensi Prime Life Assurance.