At a Glance
Complete coverage up to Rp880mio (exclude own risk)*
Cover valuables at your home from fire, lightning, explosion, aircraft impact, smoke, earthquake, Vulcanic eruption, tsunami, flood, riot, strike, malicious damage, and civil commotion. Also, burglary and theft accompanied by violence, fire brigade charge and water damage (sublimit for apartment).
*Terms and Conditions apply
Easy protection registration
Register your home address or apartment when PT Bank DBS Indonesia (Bank DBS Indonesia) marketing team contact you, without the need to fill up any documentation.
Annual Premium payment
Get 12 months 0% installment program for your annual premium, monthly deducted from registered digibank Credit Card.
Features & Benefits
Features:
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Entry age from 18 years old.
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Annual policy.
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Premium payment with 12 months 0% rate instalment program.
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Sum insured up to Rp880mio (exclude own risk).
The product benefit guarantees loss of or damage to property caused by*:
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Fire, lightning, explosion, aircraft impact, and smoke.
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Earthquake, Vulcanic eruption, tsunami.
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Flood.
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Riot, strike, malicious damage, and civil commotion.
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Theft accompanied by violence.
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Fire brigade charge.
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Water damage sublimit (only for apartment).
*As stipulated in the Benefits Table, in accordance with the terms and conditions of the policy.
Illustration
Premium Calculation Simulation
Bapak AD (34 years old) is customer from Bank XYZ and agree to purchase Simply Home Platinum Insurance product with detail as follows:
| Period of coverage | : | 1 year, starting 18 April 2022 until 18 April 2023 |
| Plan purchased | : | Plan 2 |
Based on premium table, Bapak AD need to pay premium in amount of:
| 1 year premium | ||
| Main Benefit Premium | : | Rp1.680.000 |
| Administration and stamp duty | : | Rp10.000 |
| Total Premium | : | Rp1.690.000 |
Claim Calculation Simulation
On December 30, 2022, fire occurred in Bapak AD’s home. Upon the incident, Mr. AD suffered Rp 50,000,000 loss. Mr. AD submitted a claim and equipped with related documents. Refer to the fact that the damage that occurs is included in the policy and based on claim analysis, then Chubb will pay Mr. AD claim with the following calculations:
| Fire Loss | : | Rp50.000.000 |
| Own risk | : | Nil |
| Total claim paid to Bapak AD | : | Rp50.000.000 |
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Expense
The premium paid by the Insured includes the cost of service/return services to the Bank of 15% (including tax) in the framework of Simply Home Platinum insurance products marketing.
Administrative and stamp duty of Rp10.000. All costs charged to customers will refer to policy provisions including but not limited to commission costs for the Bank.
Risks
The Insured is not entitled to the benefits of this policy if the risk that occurs is included in the policy exclusions, both in special exceptions and general exceptions. If the Insured provides incorrect or wrong information, then PT Chubb General Insurance ("Chubb General") can reduce or decline the claims submitted. This obligation has been attached since Insured submits request for insurance closure up to period of coverage ends.
Find the Summary of Product and Service Information here.
IMPORTANT NOTE
Simply Home Platinum Insurance is an insurance product published by Chubb General. This product is not a savings product at the DBS Bank Indonesia and therefore does not contain any obligations and is not guaranteed by the Bank and is not included in the Government Insurance Program of Deposit Insurance Cooperation ("LPS").
Bank DBS Indonesia only acts as the party that distributes this product where the use of logos and/or other attributes in the brochure or marketing documents is only a form of cooperation between DBS Indonesia Bank and General Chubb so it cannot be interpreted that this product is a product of DBS Indonesia Bank.
PT Bank DBS Indonesia and PT Chubb General Insurance Indonesia are licensed and supervised by the Financial Services Authority (OJK).
