JAKARTA - PT Chubb Life Insurance Indonesia (Chubb Life Indonesia) announced the launch of My Wealth Protection, a combination dualized traditional life insurance product (Endowment Combination).
Chubb Life Indonesia President Director Kumaran Chinan, said My Wealth Protection was designed to protect customers and their families from uncertainty, as well as help prepare for a better future.
Meanwhile, My Wealth Protection provides protection to customers against the risk of death, thus providing calm of mind for customers and their families.
If a customer dies during the premium payment period, it will be paid 100 percent of the coverage money or 100 percent of the total premium that has been paid, which one is bigger and the policy will end.
Meanwhile, if a customer dies because of any cause after the premium payment period ends, the beneficiary will receive 100 percent of the coverage money, and the policy will remain active.
Kumaran said that his party understands the changing needs of customers, and is aware of customers' desire for insurance solutions that not only provide protection, but also help ensure their future financial security.
"My Wealth Protection is here to offer various benefits, provide comfort for customers and their families, and help achieve financial goals and create a valuable future for the next generation," he said in his statement, Wednesday, May 28.
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In addition, Kumaran said that My Wealth Protection also has stage benefits, which are given after the customer has finished paying the Premium as a whole and has gone through the next five years of coverage.
He added that the benefits of this stage amounted to 20 percent of the coverage money received every three-year multiplicity until the end of the coverage period.
Here are other terms and benefits of My Wealth Protection products:
· A short and adjustable premium payment period option with the insured financial capacity, namely 3, 5, 8, and 10 years.· Protection period options for 15 years or 25 years after premium payment period.· Monthly premium payment frequency options, quarterly, half-year, and annual.· Minimum coverage money of IDR 100,000,000.· There is cash value that can be used by the insured for future needs.· Maximum coverage benefits of 200 percent coverage.
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