Expand Insurance Access, Chubb Life Indonesia Launches My Critical Illness Protection Product

JAKARTA - PT Chubb Life Insurance Indonesia has officially launched the latest insurance product, My Critical Illness Protection, as an effort to expand public access to health protection with affordable premiums while strengthening family financial resilience.

This product is designed to provide comprehensive protection against critical illness risks and unexpected events, with benefits of 50 percent of the sum insured if the customer is diagnosed with an early stage critical illness.

Meanwhile, for the diagnosis of advanced critical illness or risk of death, customers can receive 100 percent of the sum insured, less the amount of the initial claim (if any), and an additional 100 percent of the sum insured if death occurs due to accident.

With premiums starting from Rp. 140,600, this product is expected to reach more segments of the community, especially in increasing literacy and financial inclusion in the life and health insurance sectors.

President Director of Chubb Life Indonesia, Naresh Krishnan, stated that uncertainties such as critical illness can have a significant impact on the family's economic condition and become a challenge.

"Uncertainty in life, such as critical illness, is difficult to predict and can be a challenge to face. With the support of today's advanced medical treatment and proper protection, it is possible for patients to receive timely treatment and be able to focus on recovery," he explained in his statement, Wednesday, April 8.

Therefore, he added that the presence of this product is intended to provide protection from the initial stage of diagnosis, so that customers can focus on recovery without excessive financial pressure.

"At Chubb Life Indonesia, we are committed to supporting our customers with strong protection, so that they can face the future with optimism and maintain financial well-being. That is why we are introducing My Critical Illness Protection, a comprehensive protection from the initial diagnosis, ensuring peace of mind and a brighter future for customers and their families," he explained.

In addition to the main benefits, the following are other provisions and advantages of the My Critical Illness Protection Product:

- The choice of short premium payment period and can be adjusted to the financial ability of the policyholder, namely 5, 10 and 15 years. - Coverage period of 5 years, 10 years and 15 years - Premium Payment Frequency: Monthly, Quarterly, Semi-Annual and Annual Premiums. - Coverage Money: Minimum IDR 250 Million and maximum according to the provisions of the Insurer and the Underwriting decision. - Pay Premiums without worrying about the cost going up during the premium payment period.