Allianz Life Prepares Insurance Products In Accordance With OJK Provisions

Photo: Doc. Antara

JAKARTA - Allianz Life Indonesia and Bank QNB Indonesia provide life insurance products, Allianz Wealth Protection Life and Allianz Wealthlink Prestige Life 2, in accordance with the provisions of the Financial Services Authority (OJK).

"These two products use the premium payment system regularly, and provide various choices of Allianz subdata in rupiah currency and US dollars," said Business Director of Allianz Life Indonesia Bianto Surodjo in a written statement, quoted from Antara, Friday, March 31.

These products have followed the provisions of the Financial Services Authority Circular (SEOJK) Number 5/SEOJK.05/2022 concerning Insurance Products Linked to Investment (PAYDI) which aims to increase consumer protection of unit links by encouraging insurance companies to market unit link products in Indonesia to take steps to improve services.

Allianz Wealthlink Protection Life is a life insurance unit link product that will provide comprehensive protection and can be equipped with a wide selection of additional benefits (riders) according to customer needs.

Customers can add riders for critical disease protection, fixed death benefits and defects due to accidents, daily hospitalization and surgical cash compensation at hospitals, medical assistance services, reimbursement of hospitalization costs, and reimbursement of hospitalization fees. in hospital according to bills up to the rest of the world.

Meanwhile, Allianz Wealthlink Prestige Life 2 is a unit link life insurance product that provides comprehensive protection and a potential reduction in long-term insurance costs for optimal investment value.

These products are in accordance with the financial plan needs of affluent customers who prioritize protection at a productive age and are building assets.

"Developing the QNB First segment targeting affluent customers is one of our main focuses in 2023. To attract customers from this segment, we will continue to boost products and services, including bancassurance products," he said.