IFG Life Protection Platinum
Term life insurance product that provides death benefits due to accidents or non-accidents. With benefits of up to Rp5,000,000,000,-, IFG LifeCOVER provides flexibility for customers to determine the amount of insurance money and insurance period according to their needs.
IFG Life Protection Platinum is an insurance product of PT Asuransi Jiwa IFG Life, which is licensed and supervised by the Financial Services Authority. Therefore, IFG Life Protection Platinum product is NOT a Bank BTN product and Bank BTN is not responsible for the policy issued by PT Asuransi Jiwa IFG.
Benefits of Investment & Death
Payment of investment balance when withdrawal/cancellation occurs as well as giving 100% of the insurance money
Additional Insurance
Equipped with various critical illness/personal accident insurance as additional insurance (riders)
Benefits of Investment & Death
Payment of investment balance when withdrawal/cancellation occurs as well as giving 100% of the insurance money
Additional Insurance
Equipped with various critical illness/personal accident insurance as additional insurance (riders)
Insurance Information
Manfaat Asuransi
| Benefit | ||
|---|---|---|
| Investment Benefits | The Insurer will pay an amount of the investment value, if the Policyholder makes a partial withdrawal or full fund/policy redemption (surrender). | |
| The Insurer will pay the balance of the investment value after deducting fees (if any), if the Policy is declared void by the Insurer. | ||
| Death Benefits |
If the Insured dies during the Insurance Period and the claim decision is:
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| End-of-Life Benefits (Maturity) | If the Insured lives until the end of the Insurance Period, the Insurer will pay the lnvestment benefit in the form of the entire balance of the lnvestment value on the date of the end of the Insurance Period. | |
Spesifikasi Produk
Product Risk
- - The benefit value may increase or decrease
- - The benefit value related to the investment may be less than the total funds invested
- - Insurance benefits are not paid because the Insured dies caused by excluded incidents
- - The investment return value is not optimal if the payment is not made until the agreed period
- - Non-payment of Additional Insurance Benefits that are not guaranteed during the waiting period
Subfund investment performance is not guaranteed.
| Subdana | Risk |
|---|---|
| IFG Link Equity | High |
| IFG Link Balanced | Medium - High |
| IFG Link Fixed Income | Medium |
| IFG Link Money Market | Low |
Term & Condition
Life Insurance Requirement Documents
Prospective Policyholders and prospective Insured are required to fill out completely and correctly and sign the applicable Life Insurance Request Letter (SPAJ) form. SPAJ is equipped with:
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Photocopy of proof of identity from the Policy Holder
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Photocopy of the Insured's identity card
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Photocopy of birth certificate for Insured Persons under 77 years of age
Prospective Policyholders are required to sign the IFG Life Protection Platinum life insurance offer proposal.
Claim Submission
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Policyholders can change the composition of the type of investment allocation (subfund) by following the provisions and procedures set by the company.
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Transactions that change the composition of the allocation type are subject to a transaction fee if made more than 2 (two) times in l (one) policy year, which is 1% (one percent) for each transaction. The fee in question is used as a transaction fee.
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The Policyholder can transfer all investment funds from one type of investment (subfund) to another type of investment (subfund) by following the provisions and procedures set by the Insurer.
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Investment Fund transfer transactions are subject to a transaction fee if carried out more than 2 (two) times in the Policy year, which is 7% (one percent) for each transaction. The fee in question is used as a transaction fee.
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Switching fund fees. charged to the Policyholder through Unit deduction calculated based on the Unit Price on the nearest Business Day after the fund transfer transaction is submitted to the Insurer.
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The Policyholder can withdraw part of the investment value (withdrawal) or the entire investment/redemption value (surrender) in the Policy at any time.
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Upon Partial Withdrawal of the Withdrawal Value, the Policyholder is free to choose:
- In the form of Units; or
- Rupiah of which type of investment will be redeemed.
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The minimum withdrawal per transaction is IDR 1,000,000 (one million rupiah) or if in the form of Units is the number of Units equivalent to IDR 1,000,000 (one million rupiah).
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The balance of the investment value after the partial withdrawal of investment funds (withdrawal) is a minimum of IDR 2,000,000 (two million rupiah).
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If the withdrawal of all funds is surrendered. thus resulting in the Policy ending (void).
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Back-dating does not apply.
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Extra Premium terms apply for Sub-standard risk, subject to
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The maximum amount of Sum Assured is in accordance with the applicable Underwriting provisions.
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Policyholders can only choose a maximum of 2 types of investments
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The investment component in PAYDI involves risk.
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PAYDI's past investment performance does not reflect PAYDI's future investment performance.
How To Register
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1
Upload Data
Complete the data and document requirements on the IFG Life website or from the nearest BTN Branch Office.
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2
Check Statement
Ensure that the information, statements and notifications provided are the basis for the Policy and an integral part of the Policy.
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3
Registration Completed
The accuracy and completeness of the data entered is the responsibility of the Policy Holder and/or Insured.
Expiration of Insurance
IFG Life Protection Platinum insurance coverage will end automatically when one of the following occurs first.
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Basic Insurance ends immediately after the relevant application/claim is approved by the Insurer.
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Insurance ends if the Regular Premium is not paid within the first 2 (two) years from the Policy Effective Date.
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The insurance ends and the Policy is declared void if the existing Investment Value balance is insufficient to cover the Costs required to keep the Policy valid.
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Additional Insurance also ends with the end of Basic Insurance.
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As long as no events occur that accelerate the end of the Basic Insurance as specified in the Policy, the Basic Insurance ends on the end date of the Basic Insurance coverage.
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In the event that the Basic Insurance ends on the end date of the Basic Insurance coverage, the Insurer is not obliged to pay anything.
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As long as there are no events that accelerate the termination of an Additional Insurance as specified in the Policy, an Additional Insurance ends on the end date of the coverage of the Additional Insurance. In the event that an Additional Insurance ends on the end date of the coverage of the Additional Insurance in question, the Insurer is not obliged to pay anything;
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The Insurer is not obligated to pay anything other than the Investment Value, if any, calculated based on the Unit Price on the nearest Calculation Date after the end date of the Basic Insurance coverage. As long as there are no events that accelerate the end of an Additional Insurance as specified in the Policy, an Additional Insurance ends on the end date of the Additional Insurance coverage. In the event that an Additional Insurance ends on the End Date of the relevant Additional Insurance Coverage, the Insurer is not obligated to pay anything.
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As long as there are no events that accelerate the termination of an Additional Insurance as specified in the Policy, an Additional Insurance ends on the end date of the coverage of the Additional Insurance. In the event that an Additional Insurance ends on the end date of the coverage of the Additional Insurance in question, the Insurer is not obliged to pay anything;
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The Insurer is not obligated to pay anything other than the Investment Value, if any, calculated based on the Unit Price on the nearest Calculation Date after the end date of the Basic Insurance coverage. As long as there are no events that accelerate the end of an Additional Insurance as specified in the Policy, an Additional Insurance ends on the end date of the Additional Insurance coverage. In the event that an Additional Insurance ends on the End Date of the relevant Additional Insurance Coverage, the Insurer is not obligated to pay anything.
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The Policyholder and/or Insured fills out and signs completely and correctly the Policy reinstatement request letter and brief health information as well as the forms used for the purposes of Policy reinstatement, and
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The Insurer has the right to determine whether the Policy recovery requires a medical examination and to apply risk selection/underwriting or not. The costs incurred in the medical examination are fully borne by the Policyholder, and
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All costs incurred in connection with the reinstatement of the Policy are the responsibility and responsibility of the Policy Holder.
Illustration
Illustration
| Mr. A (36 years old) purchased the IFG Life Protection Platinum Policy as follows | ||
|---|---|---|
| Policyholder | Mr. A | |
| Insurance Started | 36 Years/td> | |
| Entry Age | May 1, 2022 | |
| Regular Premium | IDR 500,000/month | |
| Insurance Money | IDR 100,000,000 | |
Simulation 1
After the Policy has been running for 5 years with seamless and on-time Premium payments on the Policy Cash Value Report as of May 01, 2027, Mr. A has a total of 6,836.4168 Units.
On the morning of May 16, 2027, Mr. A submits a partial withdrawal of investment funds (withdrawal) of IDR 5,000,000 and is immediately processed on that date.
From the final balance of Mr. A's Cash Value Report, it is known that the maximum Partial Cash Withdrawal which can be made by Mr. A is IDR 16,641,466, or the minimum withdrawal equivalent to IDR 1,000,000, and the minimum investment balance of IDR 2,000,000.
After the payment of Mr. A's Partial Cash Withdrawal of Rp5,000,000, the balance of Mr. A's Unit.
Simulation 2
After the policy has been running for 3 years with seamless and on-time premium payments on the Policy Cash Value Report as of May 01, 2025, Mr. A has a total of 4,451.0933 Units. On 04 May 2025, Mr. A has financial needs, so Mr. A submits a Withdrawal of All Funds because the submission time has passed by 10.00 AM so that it will be processed the next day using the NAV dated May 05, 2025.
From the final balance of Mr. A's Cash Value Report, it is known that the maximum withdrawal of all funds that can be made by Mr. A is the entire amount of Units owned by Mr. A which will be calculated using the NAV dated May 05, 2025, then Mr. A is paid IDR 10,361,252.01 and the insurance ends.
Simulation 3
After the Policy has been running for 25 years with seamless and on-time Premium payments on the Policy Cash Value Report as of May 01, 2047, Mr. A has a total of 7,463.8984 Units. On 05 May 2047, Mr. A withdraws all his funds (Surrender). The submission is received by the Insurer at 09.00 AM so that it can be processed on that day using the NAV on May 05, 2047.
From the end balance of Mr. A's Cash Value Report, it is known that the maximum withdrawal of all funds that can be done by Mr. A is the entire amount of Units owned by Mr. A, which is 7,463.8984 calculated using the NAV dated May 05, 2047.
After the surrender process, Mr. A is paid IDR 92,080,151.6476 and the insurance ends.
Simulation 4
After the policy has been running for 25 years with seamless and on-time premium payments on the policy cash balance report as of May 01, 2047, Mr. A has a total of 7,463.8984 units. On May 03, 2047, Mr. A's family submits a death claim. The total money received by Mr. A's heirs consists of IDR 100,000,000 Insurance Money plus Cash Value at the time the claim is approved.
Simulation 5
Mr. A receives the IFG Life Protection Platinum Policy on November 15, 2027 and according to the terms of the Policy, Mr. A has 74 days to review his received Policy. After reviewing the Policy, Mr. A feels that he does not get a complete explanation of some provisions in the Policy, and he applies for cancellation on November 20, 2021.
Since the cancellation request is still within the Free Look Provision period, Mr. A will be refunded the paid-up Premium after deducting the Policy Cancellation Fee (IDR 150,000), stamp duty fee (if any), administration in connection with the issuance, delivery of the Insurance Policy, medical examination fee and/or survey fee (if any), ongoing Premium and investment loss (if any).
Find Answer For Your Question
- - IFG Life Call Center: 1500-176
- - WhatsApp: 08111-372-848
- - Email: customer_care@ifg-life.id
Complaint Service And Claim
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Call Center
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1500-176
Senin-Jumat : 08.00-17.00
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Email
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customer_care@ifg-life.id
Senin-Jumat : 08.00-17.00
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customer_care@ifg-life.id
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Walk in ke Kantor Representatif
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Website
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Whatsapp
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08111-372-848
Senin-Jumat : 08.00-16.00
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08111-372-848
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Disclaimer
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Claim decisions are entirely the decision of the Insurer by following the provisions stated in the Policy provisions.
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Investment Fund returns are influenced by the placement of Investment Funds in the selected sub-fund.
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The insurer can reject your product application if it does not meet the applicable requirements and regulations.
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You must read this Summary of Product and Service Information carefully and have the right to ask PT Asuransi Jiwa IFG marketing staff about all matters related to this Summary of General Product and Service Information.
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This Summary of General Product and Service Information is a brief explanation of the IFG Life Protection Platinum Life Insurance product and is not part of the Policy. You can learn the complete provisions regarding the Product in the Policy issued by the Insurer.
