A group life insurance program designed to protect the interests of Policyholders as lenders to the Insured, so that if the Insured dies either due to illness or accident during the insurance period, the remaining insured loans can be repaid by this product's Insurance Benefits.
Sum Insured for this product is the amount of the remaining loan, the amount decreases every month.
The Insurer will pay an amount of money to the Policy Holder, which is the smaller the remaining loan recorded on the Policy Holder (excluding arrears and interest, if any) or the Insurance Benefit recorded on the Insurer.
The entry age allowed is:
Where: issue age + insurance coverage <= 65 years old
Age calculation is using last birthday concept. For example, when someone’ age is 38 years old and 11 months then the age is considered as 38 years old.
Optional: 1 - 25 years.
Bancassurance collaboration with PT Bank Permata.