Manulife Protection Optimum Elite (Manulife Prime)

At a Glance

Guaranteed Protection

Maximize your legacy planning with guaranteed increase up to 2x initial Sum Insured

Ultimate Flexibility

Flexible protection options up to age 75 or for a lifetime

Simple Underwriting

Without medical examination for total risk up to IDR 5 billion*.

Currency Options

Available in IDR and USD

Product Feature

• Coverage period options:
  • Plan A: Until the Insured is 75 years old.
  • Plan B: Until the Insured is 100 years old.
• Insured entry age:
  • Plan A: 30 days - 55 years old.
  • Plan B: 30 days – 70 years old.
• Available in IDR and USD.
• Premium Payment Period: Single Premium or Regular Premium (3 years or 5 years)
• Complete your protection with MiPayor Benefit Plus to ensure protection continues when Premium Payor Passes Away or suffers from Total Permanent Disability during premium payment period

Product Benefit

• Death Benefit
  The beneficiary will receive:

  Plan A
  Death Benefit	Maturity Benefit
  If the Insured dies before the 10th Policy Anniversary	100% of the Sum Insured
  If the Insured dies on or after the 10th Policy Anniversary but before the End of the Coverage Period	150% of the Sum Insured

   

  Plan B
  Death Benefit	Maturity Benefit
  If the Insured dies before the 10th Policy Anniversary	100% of the Sum Insured
  If the Insured dies on or after the 10th Policy Anniversary but before the 25th Policy Anniversary	150% of the Sum Insured
  If the Insured dies on or after the 25th Policy Anniversary but before the End of the Coverage Period	200% of the Sum Insured

   

• Maturity Benefit
  If the Insured lives until the end of coverage period and the policy is still active:

  Plan	Coverage Term	Maturity Benefit
  Plan A	Until the Insured reaches the age of 75 years	150% of Sum Insured
  Plan B	Until the Insured reaches the age of 100 years	200% of Sum Insured

Notes:

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

Costs

All fees will be charged to customers will refer to the provisions of the Policy including but not limited to commission for the Bank.

Risks

Credit and Liquidity Risk

Policyholders will be exposed to credit and liquidity risk of PT Asuransi Jiwa Manulife Indonesia (“Manulife Indonesia”) as the risk selector of insurance products. Credit and liquidity risk relates to the ability of Manulife Indonesia to pay their obligations to their customers.

Risk of Early Termination of Policy

Early termination of the Policy may result the Cash Value being less than the Coverage Benefits that will be paid (if any) or the premiums that has been paid and the coverage will end. 

Operational Risk

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

Foreign Exchange Rate Risk

Insurance Policies in foreign currency will be exposed to Exchange Rate Risk if the Policyholder/Designated decides to convert the insurance benefits into local currency where the value depends on the foreign exchange rate at that time.

Changes in Economic and Political Conditions risk

Risks related to changes in economic conditions, political policies, legal policies, and government regulations for the world of investment and business conducted domestically and abroad.

Exclusion Risk

Risks related to exclusion stated in the Policy Provisions due to the Insurer cannot pay the Insurance Benefits

IMPORTANT NOTE 

Manulife Protection Optimum Elite (Manulife Prime) 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).