Whole Life Insurance

• Entry Age
30 days – 60 y.o (nearest birthday)

• Premium Payment Period
5, 10, 15, and 20 years

• Premium
Based on age, Premium Payment Period & Sum Insured

• Premium payment method
Monthly, Quarterly, Semi-annual & Annual

• Coverage period
Up to 99 y.o

• Sum Insured
Min. IDR 50 mio

• Insurance Benefits
1. During coverage period prior to Policy Issued Date and the first premium is received and declared in full by Insurer:
• If the insured dies in the event of accidental death, 100% Basic Sum Assured (Basic SA) or Rp25.000.000, whichever is lower and Premium which has been fully paid to the Insurer is payable to the Beneficiaries. Policy then terminates.
• If the insured dies in the event of non-accidental death, Premium which has been fully paid to the Insurer is payable to the Beneficiaries. Policy then terminates.
2. If the Insured Dies in the Period of Coverage after the Policy Issue Date:
• In the event of death due non-accidental death during coverage period since Policy Issued Date and the Policy is in-force, 100% Basic SA is payable to the Beneficiaries. Policy then terminates.
• In the event of death due to accident during coverage period since Policy Issued Date and the Policy is in-force, additional 100% Basic SA is payable to the Beneficiaries, with maximum IDR 1 Bio. Policy then terminates.
3. During Policy Term and Policy is active, 50% Premium paid by the Policyholder will be paid back on the 10th Policy Anniversary after the end of the premium payment period.
4. If Insured alive at the age 85 and Policy is active, benefit of 100% Basic SA will be paid to the Policyholder.
5. At the end of Policy term (Insured reach age 100 y.o) and Policy is active, 100% Cash Value is payable to the Policyholder. Policy then terminates.
6. If the insured dies due to non-accidental and the insured’s age has not reached 4 years, the insurer will pay the Insurance Benefits in the form of Sum Assured as stated in the Policy with the following percentage factors:



Attained age at Death	% of Sum Assured Paid
< 1 y.o	20%
1 y.o - < 2 y.o	40%
2 y.o - < 3 y.o	60%
3 y.o - < 4 y.o	80%
≥ 4 y.o	100%

• Free look period

• Free look period applies within 14 calendar days after policy received by the Policy holders .
• If there’s Policy cancellation during Free Look Period, Premium paid will be returned to the Policy holders after deducted by cancelation fee amounted IDR 150,000 + medical fee (if any)

• End of coverage
This policy’s coverage will be ended if one of the following conditions below is fulfilled:

• The Insured Dies; or
• Surrender Policy; or
• The insured survives until the end of the coverage period; or
• The policy has no cash value; or
• The policy is cancelled by the Insurer due to the conditions regulated as stated in the General Conditions of the Policy.

• Policy Surrender
Policy Surrender is equivalent to full surrender of the whole Cash Value before the Policy End Date

• Policy Reinstatement
Reinstatement is not available

• Claim
Documents required for Death claim:

• Original policy;
• Statement letter from the beneficiary;
• Death certificate;
• Statement letter from Doctor or KBRI for overseas death claim;
• Valid ID card (beneficiary)
• Minutes letter from police due to unnatural death or traffic accident;
• Other documents required
SLA for Claim documents: Sent to Generali (Claim division) Max. 60 (sixty) calendar days from date of incident

For more information call us MestikaCall 14083 or visit our nearest branch.