At a Glance
Single Premium
Only one-time premium payment.
Flexibility
Enjoy the flexibility of choosing and switching between various investment plans to suit Your needs.*
Optimum Death Benefit
Death Benefit is 200% of Single Premium and Policy Value (if any).
*Term and condition apply
Features & Benefits
Get early protection against the risks of life that can happen anytime. Protect not only Yourself, but also Your assets so that it can continue to grow in the future. MiWealthLink Optimax allows You to gain protection and maximize Your investment with a single premium payment.
Features:
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The Insured is between 6 months to 70 years old.
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Minimum premium of IDR50,000,000 (fifty million rupiah) / USD20,000 (twenty thousand US dollar).
Main Benefits:
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Guarantee issue without medical examination (terms and conditions apply).
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Investment Allocation from Single Premium and Initial Top Up : 99%.
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Top Up Allocation is 101% (before deduct with top up fee).
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Loyalty bonus is 1% of the Policy Value for every 3 years (terms and conditions apply).
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Death benefit is 100% of Sum Insured plus the Policy Value.
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Accidental death benefit is 200% of Sum Insured plus the Policy Value.
Notes:
Sum Insured = 200% of Basic Premium
Additional Benefits*:
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Accidental Death and Disability Benefit (ADDB), compensation for death and permanent total disability due to an accident.
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Manulife Income Replacement, monthly compensation in the case of the Insured’s death or permanent total disability.
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Protection against inflation, the value of coverage increases to keep up with the inflation without additional medical check-up.
*Terms and conditions apply as stated in www.manulife.co.id.
Illustration
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This illustration is not binding and does not constitute and insurance agreement and not part of the policy.
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Right and obligation as policy holder/insured and the provisions regarding this product are state in the policy. A more complete explanation on this product, the premium to be paid, the sum assured and so on, are listed in the policy document.
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The amount of fund value is not guaranteed, may increase or decrease depending on the performance of the investment fund chosen by the customer and cannot be separated from investment risk.
Find the Summary of Product and Service Information here.
Costs
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Administration fee: 0.0417% per month for the first 5 years of the policy value.
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Top Up fee: 2% of each top up transaction.
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Investment management fee: 1.25% to 2.5% per year of the total managed funds, depending on the selected investment fund. The Investment Fund is managed professionally by PT Asuransi Jiwa Manulife Indonesia ("Manulife Indonesia"). Manulife Indonesia has the right to outsource the management of investment funds to third parties in accordance with applicable laws and regulations.
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Partial withdrawal and/or Cancellation will be charged a fee: 4% in the first Policy year and will decrease gradually to 0% in the 5th Policy year.
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The Insurer will charge Cost of Insurance on the new Sum Insured if the Prospective Customer chooses the Additional Inflation Protection Facility and Cost of Rider based on the Additional Insurance option selected by the Customer.
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Changes in Investment Fund Allocation for the first 10 (ten) times the change in Investment Fund Allocation within 1 (one) year Policy is free of charge, after that a fee of IDR 50,000 (fifty thousand rupiah) or USD 5 (five United States dollars) will be charged ) for every change in Investment Fund Allocation.
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All charges in full refer to the policy including but not limited to commission fees for banks.
Risks
Market Risk
Unit prices will follow market price fluctuations. This will be seen 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 will 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 can be seen in the illustration proposals for Unit Link products or offer proposals that can be obtained from Marketers.
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 ending.IMPORTANT NOTE
MiWealthLink Optimax is an insurance product issued by Manulife Indonesia. This product is not a deposit product at Bank DBS Indonesia and therefore does not contain any obligations and is not guaranteed by the bank and is not included in the government guarantee program of the Deposit Insurance Corporation ("LPS").
Bank DBS Indonesia 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 Bank DBS Indonesia and Manulife Indonesia so it cannot be interpreted that this product is a product of Bank DBS Indonesia.
PT Bank DBS Indonesia and PT Asuransi Jiwa Manulife Indonesia are licensed and supervised by the Financial Services Authority (OJK).
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