Chubb Life Indonesia Launches Products To Provide Accident And Life Insurance Protection

Chubb Life (Photo: Chubb Life)

JAKARTA - PT Chubb Life Insurance Indonesia (Chubb Life Indonesia) officially launched a Premier MyLife Time Protection product designed to provide insurance protection for accidents and the lives of customers.

Premier MyLife Time Protection is a life insurance product that provides protection for deaths due to illness or accidents, and provides additional benefits in the form of 200 percent of insurance coverage in the form of cash in case of accidents.

Premier MyLife Time Protection products also help customers prepare savings for retirement by including the life benefits of 15 percent of the annual premiums that have been paid, which will be paid when the insured reaches the age of 70.

President Director of Chubb Life Indonesia, Kumaran Chinan said that his party understands that customers want to plan a financially safe retirement period and without worries.

"Premier MyLife Time Protection not only meets the need for protection for customers and our community, but also allows them to pursue customers' dreams and life goals at every stage of life while creating a legacy for families and future generations," he said in a press statement, Thursday, October 3.

Premier MyLife Time Protection also includes benefits. Policyholders will be given 200 percent of the total amount of coverage if the policy remains valid and is still alive at the end of the insurance period.

To provide customers with additional flexibility in dealing with unexpected events in life, Premier MyLife Time Protection allows customers to access predetermined cash values that can be used as financial support.

Several options are also available for the premium payment period, which allows customers to choose a premium payment period between 5, 15, and 20 years based on their financial capacity.

The following are the features and benefits of Premier MyLife Time Protection products:

Quoting the premium payment period: 5, 15, and 20 years

prime payment frequency: Monthly, quarterly, semester, and annual

Care for life protection until the age of 100 years with the amount of coverage increasing by 50 percent in the sixth year and so on

How about an additional 200 percent benefit from the amount of coverage if the death toll occurs due to an accident

If they are covered with life until the end of the protection period, they will receive 200 percent of the total coverage

When the insured is 70 years old, they will receive the benefits of living every year of 15 percent of the annual premium until they are 99 years old.

The cash value is available for use by the insured for future needs.