At a Glance
Easy underwriting process
Without medical examination for sum insured up to IDR10,000,000,000*.
Active policy guarantee
Guarantee policy will remain active in the first 10 years of the insurance policy*.
Additional benefits for critical illness
Supplementary protection options for critical illness with gender specifications*.
*Terms and Conditions Apply
Features & Benefits
Features:
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Insured entry age is between 30 days - 70 years.
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Available in IDR & USD with annual payment method.
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Unit-linked products with attractive investment fund options.
Key Benefits:
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Lifetime life protection – starting from IDR 5 billion / USD 500 thousand.
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Mi-Assist's international priority services in the form of a medical concierge service, medical second opinion and non-medical concierge service.
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Without Medical Check Up for Sum Insured up to IDR 10 billion / USD 1 million*.
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Active Policy Guarantee* For the first 10 years.
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Additional investment allocation totaling up to 100% for loyalty benefits from 6th to 10th years*.
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Low acquisition costs.
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100% investment allocation starting from the 3rd policy year.
Additional Benefits*:
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MiTreasure Optimax Care - provides comprehensive protection benefits for medical expenses (according to bill) at home and abroad.
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Early Optimax Care - provides protection benefits against critical illness from an early stage and an advanced stage.
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Optimax Waiver of Premium - provided if diagnosed with one of 51 critical illness.
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Optimax Care Payor - provides basic premium waiver benefits if the policy holder (the insured’s parent) of the basic product dies or suffers from permanent total disability.
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Optimax Care Spouse - provides basic premium waiver benefits if the partner of the main insured (policy holder) of the basic product dies or suffers from permanent total disability.
Find the Summary of Product and Service Information here.
**Term and condition apply as stated in www.manulife.co.id.
Illustration Investment Growth and Benefit of MiTreasure Optimax Protection - Whole Life
Illustration Investment Growth and Benefit of MiTreasure Optimax Protection – Limited Pay (10 years)
Costs
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Acquisition fee: 20% of the Annual Basic Premium in the first and second policy year.
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The cost of insurance is adjusted from the issuance of the Policy, which is calculated based on age, gender, and the dynamic amount of the retirement benefit.
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Administration fee: 0.417% per month of Policy Value, charged only for the first 7 years of the Policy.
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Top Up fee : 2% of each top up transaction.
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Management fee is 1.25% to 2.5% per year of the total managed fund, depending on the selected investment fund. Investment funds are professionally managed 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 regulations.
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Withdrawal and/or cancellation of the unit will be charged at 80% in the first Policy year and will decrease gradually to 0% in the 8th Policy year.
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Cost of premium holiday: 8% of the Basic Premium for the first 7 years. Premium Holiday could only be conducted if there is request from the policy holder and insurance company approves the request.
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Fee for Change of Investment Fund Allocation (Switching) for the first 4 (four) times in 1 (one) year The policy is free of charge, after that a fee of Rp. 50,000 (fifty thousand Rupiah) or US$ 5 (five US Dollars) will be charged ) for each switch. Paid separately when switching transactions.
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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
MiTreasure Optimax Protection 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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