IFG LifeCOVER

Term life insurance product that provides benefits for death due to accidents or not due to accidents. With benefits of up to IDR 5,000,000,000,-, IFG LifeCOVER provides flexibility for customers to determine the amount of Sum Insured and the Insurance Period according to their own needs.

IFG LifeCOVER is an insurance product from PT Asuransi Jiwa IFG Life whose marketing is carried out through Bank BTN. Therefore, the IFG LifeCOVER product is NOT a BTN Bank product and is not included in the scope of government guarantee objects or the Deposit Insurance Corporation. Bank BTN is not responsible for policies issued by PT Asuransi Jiwa IFG. PT Asuransi Jiwa IFG is a financial services business actor licensed and supervised by the Financial Services Authority.

Death Benefits Not Due to Accident

Provides 100% insurance money to beneficiaries if death is not the result of an accident

Family Heritage

Give an inheritance to loved ones up to IDR 5,000,000,000

Accidental Death Benefits

Provides 100% insurance money to beneficiaries if they die due to an accident

Flexible and Practical

Choose premiums according to your needs, without medical check ups, and everything is 100% digital

Death Benefits Not Due to Accident

Provides 100% insurance money to beneficiaries if death is not the result of an accident

Family Heritage

Give an inheritance to loved ones up to IDR 5,000,000,000

Accidental Death Benefits

Provides 100% insurance money to beneficiaries if they die due to an accident

Flexible and Practical

Choose premiums according to your needs, without medical check ups, and everything is 100% digital

Insurance Information

Insurance Benefits

Description
Died Not Due to an Accident	If the Insured dies not as a result of an accident during the insurance period, the Insurer will pay insurance benefits with the following conditions:
	a. If the Insured dies not as a result of an accident in the first year of the policy, the Insurer will pay insurance benefits equal to 100% of the premium paid in the first year of the policy and then the insurance ends.
	b. If the Insured dies not as a result of an accident in the second and subsequent years of the Policy, the Insurer will pay insurance benefits of 100% of the Sum Insured and then the insurance ends
Died as a result of an accident	If the Insured dies as a result of an accident that occurs immediately or within 90 (ninety) days of the accident during the Insurance Period, the Insurer pays insurance benefits of 100% of the Sum Insured and then the insurance ends.

Product Specifications

Product Specifications
Policyholder Entry Age	18 - 69 years
Insured Entry Age	6 months - 60 years
Insurance Period	According to options (1/5/10/15 years) and can be extended until the insured is 99 years old
Amount Insured	Minimum IDR 10,000,000
Amount Insured	Maximum : Rp. 5,000,000,000,-
Premium	Starting from IDR 10,000 for monthly payments
Permi Payment Period	According to the Insurance Period
Premium Payment Method	Yearly or Monthly

Illustration

Illustration of Benefits

Adit (30 years old) purchased the IFG LifeCover Policy as follows:
Insured Name	Adit
Insurance Period	January 1, 2023 - December 31, 2023
Insured Sum	Rp. 500,000,000,-
Premi	Rp91.500,-
How to Pay Premiums	Monthly

Illustration 1

If by the end of the Insurance Period (31 December 2023) Adit does not experience the risk of death in the first year of the Policy, then no benefit payments will be paid. IFG LifeCOVER coverage can be continued if Adit extends it; or
If Adit dies due to illness on September 18 2023 (during the first year of the Insurance Period), then the Insurance Benefit paid will be 100% of the Premium, namely IDR 91,500,- x 8 / Premium payment period = Rp. 732,000,- and then the insurance ends; or
If Adit dies due to an accident on March 18 2023, the Insurance Benefit paid will be the Sum Insured of IDR 500,000,000,- and then the insurance ends.

Illustration 2

Adit extended the policy in the second year (1 January 2024 - 31 December 2024) with a premium of IDR 91,500/month.

If Adit dies due to illness on December 15 2024 (during the second year of the Insurance Period) then the Insurance Benefit paid will be 100% of the Sum Insured, namely IDR 500,000,000,- and then the insurance ends; or
Adit died due to an accident on September 18 2024, so the insurance benefit paid was 100% of the sum insured, namely IDR 500,000,000,- and then the insurance ended.

Illustration 3

Adit did not extend the Policy before the l year Insurance Period ended (31 December 2023), so the Policy ended. Then on February 1 2024, Adit again purchased IFG LifeCOVER Insurance with an insurance period of 1 year (after the policy recovery period) with a premium of IDR 91,500/month.

If Adit dies due to illness on November 11 2024, then the Insurance Benefit paid will be IDR 91,500,- (the amount of the premium that has been paid) and then the insurance ends.
If Adit dies due to an accident on November 11 2024, then the Insurance Benefit paid will be IDR 500,000,000,- and then the insurance ends.

Term & Condition

Premium Payment Obligation

Prospective Policy Holders are obliged to pay Premiums to the Insurer in accordance with the amount of Premium and method of Premium payment as stated in the Policy
Premium payments are considered valid if the funds have been received in full by the Insurer

Claim Submission

Prepare claim documents, fill out completely and sign the claim submission form
The claim submission form can be downloaded via the official IFG Life website/media
Send all claim documents according to the claim submission requirements to the Insurer's office or you can visit the Walk in Customer & Nearest Insurer Representative Office/BTN Branch Office
Insurers receive, check and analyze submitted claim documents. To find out the status of the claim, the Policy Holder/Insured can contact the Call Center 1500 176 or the change number
If the claim is approved, the claim payment will be paid by the Insurer no later than 14 (fourteen) Working Days after the claim decision is approved

How To Register

1

Upload Data

Complete the data and document requirements on the IFG Life website or from the nearest BTN Branch Office.
2

Check Statement

Make sure the information, statements and notifications provided are the basis for the Policy and are an inseparable part of the Policy.
3

Registration Complete

The correctness and completeness of filling in the data is the responsibility of the Policy Holder and/or the Insured.