Manulife Premier Target Savings Growth Assurance (Manulife Prestige)

At a Glance

Easy underwriting process

No medical examination for total risk up to IDR 1.5 billion*

Attractive Loyalty Benefit Options

Loyalty benefit is up to 600% of the total annual premium*

Flexible Premium Payment

Premium Payment Period of 5 years or 10 years*

Features:

• Insured entry age: 30 days - 70 years.
• Protection is up to 99 years old
• Available in Rupiah (IDR) and United States Dollar (USD).
• No Lapse Guarantee facility*, policy is still active up to payment of Loyalty Benefits even if the Policy Value is not enough to pay the costs.
• Optional insurance rider Prestige Pay Protector (Payor Benefit) and Prestige Life Shield (Term Life)

Product benefits:

• Loyalty Benefit*
  The Benefit is calculated in the form of an additional percentage of the annual basic premium (excluding additional premiums) which will be added to the Basic Premium Policy Value s. The amount of Loyalty Benefits is paid one off with available choice below:

  End of Policy Year	IDR		USD
  	Premium Payment Period		Premium Payment Period
  	5 Years	10 Years	5 Years	10 Years
  10	250%	Not Available	225%	Not Available
  15	325%	350%	275%	300%
  20	500%	600%	400%	475%

   

• Accidental Death Benefit
  5X Annual Basic Premium (excluding Additional Premium) + Policy Value (if any).
• Death Benefit due to natural cause (other than accident).
  Net Amount At Risk* + Top Up Policy Value (if any).
• Funeral Benefit
  5% of total Basic Premium Paid
• Maturity Benefit
  If the Insured lives until the end of the coverage, the Policyholder will receive the Policy Value at the end of the coverage period (if any).
• Opportunity to place in Manulife Dana Berimbang Global Income Dollar fund - New

Notes:

* Terms and conditions for this product are available in the Product and Service Information Summary here.

Illustration

Costs

• Cost of Insurance
  Cost that is deducted monthly from Policy Value to obtain Basic Coverage.
• Cost of Rider (if any)
  Cost that is deducted monthly from Policy Value to obtain additional coverage.
• Acquisition Cost
  Premium Payment Period 5 years:

  Policy Year	From Basic Premium
  1-3	40%
  4-5	20%

   

  Premium Payment Period 10 years:

  Policy Year	From Basic Premium
  1-3	40%
  4-6	20%
  7-10	5%

• Cost of Administration
  3.88% per year, charged for the first 10 years of the Policy.
• Top Up Charge
  3% of each top up transaction.
• Fund Management Fee
  1.25% to 2.5% per year of the total funds managed, depending on the investment fund selected.
• Fund Switching Fee
  Free for the first 12 Switching transactions in each policy year, after that IDR 50,000.00 or USD5 is charged for each Switching.
• Partial Withdrawal and/or Surrender Charge

  Policy Year	Partial Withdrawal Charge	Surrender Charge
  1	Not Allowed	100%
  2	Not Allowed	100%
  3	75%	75%
  4	50%	50%
  5	30%	30%
  6	15%	15%
  7-10	10%	10%
  11+	0%	0%

   

Note:

Partial Unit Withdrawal and Unit Cancellation from Top-Up Policy Value are free of charge.

• Premium Holiday Charges
  8% of the annual Basic Premium starting from the 8th policy year onwards. Premium Holiday can only be done if there is a request from the customer and approved by the Insurance company.
• All fees charged to customers will refer to the provisions of the Policy including but not limited to commission for the Bank.

Risks

Market Risk

Unit prices will follow market price fluctuations. This will be reflected in the volatility of the unit price and will cause the possibility of an increase or decrease in investment value.

Credit and Liquidity Risk

Policyholders will be exposed to Manulife Indonesia's Credit and Liquidity Risk as a risk selector for insurance products. Credit and Liquidity Risk relates to Manulife Indonesia's ability to pay obligations to its customers, as well as the risk of default from the issuer of investment instruments.

Operational Risk

A risk caused by the failure or failure of internal processes, people and systems, as well as by external events.

Exchange Rate Risk

Insurance policies in foreign currencies may be exposed to Exchange Rate Risk if the Policy Holder/Designated decides to convert the insurance benefits into local currency whose value depends on the foreign exchange rate at that time.

Unit Link Insurance Risk

The level of insurance risk for Unit Link products is stated in the illustration proposals for Unit Link products or proposals from Insurance Specialist.

Early Termination of Policy

Early termination of the Policy may result in the Policy Value being less than the benefits paid (if any) or the premiums paid and the coverage ends.

IMPORTANT NOTE

Manulife Premier Target Savings Growth Assurance (Manulife Prestige) is an insurance product issued by Manulife Indonesia (licensed and supervised by OJK). This product is not a deposit product at PT Bank DBS Indonesia (the “Bank”) and therefore does not contain any obligations and is not guaranteed by the Bank and is not included in the government guarantee program implemented by the Deposit Insurance Corporation ("LPS").

The Bank only acts as the party referencing this product where the use of logos and/or other attributes in brochures or marketing documents is only a form of cooperation between the Bank and Manulife Indonesia so it cannot be interpreted that this product is a product of the Bank.

PT Bank DBS Indonesia and PT Asuransi Jiwa Manulife Indonesia are licensed and supervised by the Financial Services Authority (OJK).