PRU Anugerah Syariah, First Sharia Innovation In Indonesia As A Mental Protection Product For Heritage Preparation

JAKARTA - PT Prudential Sharia Life Assurance (Prudential Syariah) introduced a new product of traditional Sharia life insurance, namely PRU Anugurah Syariah as a form of preparation for a meaningful legacy for Indonesian families.

As the leader of the Sharia life insurance market, Prudential Syariah through this product presents the first Sharia innovation in Indonesia with the benefits of the MApan Age Fund which is projected to reach 100 percent of the total contribution to be paid at once and protection will continue for life (until the age of 120 years). With contributions ranging from Rp. 500 thousand per month, PRU Anugerah Syariah is expected to reach more Indonesian families to help them prepare their inheritance of up to billions.

Paul S. Kartono, Prudential Syariah's Chief Financial Officer, said that departing from his understanding of the needs of the Indonesian people for long-term financial planning, PRU Anugerah Syariah was present as a gift, especially for Indonesian people who are at their productive age, in preparing the best legacy for their beloved family.

"Through PRU Anugerah Syariah, participants will get Insurance Compensation of up to 150 percent from the beginning of participation," he explained.

The results of the Empowering Aspirations survey: Financial Preparedness in Asia issued by Prudential said that 64 percent of Indonesians have concerns about how they will meet their future needs if something bad happens in the future. What's more, the financial readiness of the Indonesian people tends to be low, as can be seen from the results of the 2022 Financial Health Index survey which shows that the Indonesian people have not started planning their finances at the age of 35 and have just started retiring at the age of 41.

8 Awards from PRU Anugerah Syariah include:

- Benefits of the MApan Age Fund which are projected to be up to 100% of the total contribution to be paid at once. With this fund, Insured Participants can continue to meet their family needs, prepare a retirement period, and help realize the lifestyle they want to achieve.

- Protection until the age of 120 years even though the Benefits of the MApan Age Fund have been paid.

- Insurance compensation of up to 150% since the beginning of the membership. This benefit can be used as a legacy if there is a risk of death.

- Compensation Dies Due to Accident up to 350 percent in case of an accident during Eid al-Fitr homecoming period as well as Umrah and Hajj trips.- Contribution-Free Benefits if Insured Participants are diagnosed with 1 in 60 critical disease conditions in accordance with the terms and conditions applicable in the policy.

- Flexibility of Payment Choices with a payment period of 5, 10, or 15 years, to prepare legacy funds and a form of long-term financial planning in the productive period.

- Save up to 50 percent contribution.

"There is a Waqf Service so that some of the benefits of insurance compensation can be donated (maximum 45 percent of the total insurance compensation and a maximum of 33 percent of the Benefits of the Mapan Age Fund) to achieve a more blessed life. Financial planning can be started as early as possible to realize long-term financial goals. Sharia life insurance products are financial instruments that can help the community in anticipating and minimizing the financial impacts of various life risks, even preparing future heritage funds for their beloved family, said Financial Expert, Rista Zwestika.

Innovation of PRUAnugerah Syariah products can be a comprehensive solution to meet the needs of sharia-based protection for the people of Indonesia. Prudential Syariah expressed its appreciation to the Sharia Supervisory Board of Prudential Sharia, Financial Services Authority (OJK), and the National Sharia Council - Indonesian Ulema Council (DSN-MUI) for the support provided so that this product can be present and provide extensive financial access to help Indonesian families prepare for future heritage.

"PRU Anugerah Syariah is a sharia life insurance product that can help Indonesian families prepare their heritage smartly. We also hope to continue to support Indonesian families to have access to protection in the Road Mandate Prepare Meaningful Heritage for the Most Beautiful Award," concluded Paul.

In order to help more Indonesian families get access to protection as well as inheritance preparation for their beloved family, PRU Anugerah Syariah is available on various sales channels, such as agency and bancassurance (bank business partner Prudential Syariah).