Coverage Highlights
What it covers
- A single premium term life plan that provides financial protection against death
- Flexibility to choose up to 5 years of protection, not exceeding age 65
- Sum assured from a minimum of IDR 20,000,000, up to IDR 20,000,000,000
- The minimum and maximum entry age to this policy is age 20 and 64
- A lump sum premium is to be paid up front
Benefits
- Death Benefit
In the event of an insured’s death, a lump sum repayment will be made to the bank in line with the time schedule below:
|
Period |
Cause of Death |
Death Benefit |
|
During the Waiting Period* |
Illness |
Amount equivalent to premium paid |
|
After the Waiting Period* |
Illness |
Amount lower than sum assured^
|
|
During the coverage period |
Accident |
Amount lower than sum assured^
|
*The waiting period represents 90 days from the onset of the policy
^ The amount adjusted is calculated based on the reducing sum table provided by Chubb
- Repayment Benefit
An insured is entitled to a lump sum benefit in the event a repayment is made. This repayment benefit amount is calculated based on the terms stated by Chubb.
The material presented is a product summary. Please refer to the Terms and Conditions of this policy for further information.
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