Manulife Multigenerational Income Assurance+ (Manulife Ultima+)

At a Glance

Lifetime monthly income*

Enjoy monthly guaranteed income and additional income (if any) starting 2 years after premium is fully paid.

Coverage up to 120 years old*

 

Protection continues even if there is a risk of death

 

Easily application process without Health Check*

 

Product Feature:

• Insured entry age from 1 month to 80 years old.
• Long term protection by referring age of the first Insured up to 120 years old.
• Change of Insured feature*
• Available in IDR and USD.
• Premium Payment Period options: Single Premium or Regular Premium (3 years or 5 years)
• Complete your protection with optional rider MiPayor Benefit Plus

Product Benefit:

• Death benefit due to accident if the Insured passed away due to accident before 120 years old*.
• Enjoy lifetime monthly income from the end of the 25^th, 49^th or 73^rd policy month until the first Insured reaches 120 years old depending on the premium payment period.
• Maturity benefit in form of cash value and additional cash value (if any) formed at the end of coverage will be paid by the Insurer after deducting Insurer liability (if any).

Notes:

*The terms and conditions that apply to this product can be seen in the Product and Service Information Summary here

Illustrations

Costs

All fees charged to customers will refer to the provisions of the policy including but not limited to commission fees 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 its obligations to its customers.

Risk of Early Termination of Policy

Early termination of the Policy may result in the Cash Value being less than the Coverage Benefits or the premiums paid, and such termination will end the coverage.

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.

Investment Risk

The investment returns obtained by participating funds may be lower than expected.

Insurance Risk

Accidental death claims exceeding expectations may affect the amount payable under the Additional Cash Benefit and the Additional Cash Value. 

Risk of Changes in Economic and Political Conditions

Risks associated with changes in economic conditions, political policies, legal policies, and government regulations related to investment and business activities conducted domestically and abroad.

Exclusion Risk

The risk associated with exclusions listed in the policy provisions, which prevent the insurer from paying out insurance benefit.

IMPORTANT NOTE

Manulife Multigenerational Income Assurance+ (Manulife Ultima+) is an insurance product issued by Manulife Indonesia (licensed and supervised by Financial Services Authority/ Otoritas Jasa Keuangan (“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. The Bank is licensed and supervised by OJK.