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Retirement Life Plan
Retirement Life Plan is a whole life insurance product which provides protection until the age of 100 and prepares pension fund. The product is available in Rupiah (IDR) and Dollar (USD) currencies.
Benefits
Survival Benefit
100% Sum Assured will be payable as retirement benefit at the policy year end (the corresponding retirement age depending on the selected plan) if the Insured survives.
Death Benefit
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If the Insured dies before the policy year end (depending on the selected plan), 200% of Sum Assured will be paid.
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2. |
If the Insured dies at or after policy year end of age 55, 60, or 65, and before the end of protection period, 100% of Sum Assured will be paid. The policy will terminate upon the payment of death benefit. |
The projected Death Terminal Bonus % depends on the policy year in which the death occurs as follows:
Policy Years
(in which death occurs) |
Projected Death Terminal Bonus
(% of Sum Assured) |
| 1 - 9 |
0% |
| 10 - 15 |
25% |
| 16 - 20 |
50% |
| 21 - 25 |
75% |
| More than 26 years |
100% |
Note:
* These rates of Death Terminal Bonus and Maturity Terminal Bonus are projected and not guaranteed. They depend on the company performance.
Entry Age
Entry age for Insured is from 1 month until 60 years of age, subject to condition where the maximum age at the end of premium payment period shall not exceed the selected plan's retirement age.
For example:
PPP = 5, selected plan's retirement age = 60, then maximum entry age = 60-5 = 55.
Sum Assured
Sum Assured for this product is minimum of Rp 40.000.000,- or USD 7,000.
Term and Conditions
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Premium Payment Period is available from 5, 10, 15, or 20 years. |
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Retirement plan can be selected between age of 55, 60 and 65 years. |
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You can optimize the benefits of this product by adding Riders. |
For further information, please contact our Agent in our branches / representative offices.
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