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IFG LifeCOVER

Preserve Your Legacy with Flexible Life Insurance

Long-term life insurance that provides death benefits due to accidents or non-accidents Protection Benefits for Your Prosperity and Family Non-Accidental Death Benefits Provides 100% of the sum insured to the beneficiary if death is not due to an accident Family Inheritance Provides inheritance for heirs with a nominal value of up to IDR 5,000,000,000.

Accidental Death Benefits

Provides 100% of the sum insured to the beneficiary if death is due to an accident

Family Inheritance

Provides inheritance for heirs with a nominal value of up to IDR 5,000,000,000.

Inheritance for beneficiaries with a nominal value of up to IDR 5,000,000,000

Accidental Death Benefit

Provides 100% of the sum insured to the beneficiary if death is due to an accident

Practical and Flexible

Life insurance tailored to your needs, without a medical check-up, and fully digital

Provides 100% of the sum insured to the beneficiary if death is due to an accident

Family Inheritance

Provides inheritance for heirs with a nominal value of up to IDR 5,000,000,000.

Inheritance for beneficiaries with a nominal value of up to IDR 5,000,000,000

Accidental Death Benefit

Provides 100% of the sum insured to the beneficiary if death is due to an accident

Practical and Flexible

Life insurance tailored to your needs, without a medical check-up, and fully digital

Disclaimer

IFG LifeCOVER is an insurance product of PT Asuransi Jiwa IFG Life, which is licensed and supervised by the Financial Services Authority. Therefore, IFG LifeCOVER product is NOT a Bank BTN product and Bank BTN is not responsible for the policy issued by PT Asuransi Jiwa IFG.

Insurance Information

Insurance Benefitsi

Description
Non-Accidental Death In the event the Insured passes away due to non-accidental causes during the Policy Term, the Insurance Benefits shall be paid as follows:
a. If death occurs due to non-accidental causes within the first Policy Year, the Insurer will pay an amount equal to 100% of the Premiums paid during the first Policy Year, after which the Policy shall terminate.
b. If death occurs due to non-accidental causes in the second Policy Year or thereafter, the Insurer will pay 100% of the Sum Assured, after which the Policy shall terminate.
Accidental Death If the Insured passes away due to an Accident occurring immediately or within ninety (90) days from the date of the Accident during the Policy Term, the Insurer shall pay 100% of the Sum Assured, after which the Policy shall terminate.

Specification

Illustration

Illustration

Adit (30 years old) purchases an IFG LifeCover Policy as follows:
Insured Name Adit
Insurance Period January 1, 2023 - December 31, 2023
Sum Assured IDR 500,000,000
Premium IDR 91,500
Premium Payment Method Monthly

Illustration 1

  1. If by the end of the Policy Term (December 31, 2023) Adit does not experience the risk of death during the first Policy Year, no benefits will be paid. Coverage under IFG LifeCOVER may continue if Adit renews the Policy; or
  2. If Adit passes away due to illness on September 18, 2023 (within the first Policy Year), the Insurance Benefit paid will be 100% of the Premiums paid, i.e., IDR 91,500 × 8 months = IDR 732,000. The Policy will then terminate; or
  3. If Adit passes away due to an accident on March 18, 2023, the Insurance Benefit paid will be the Sum Assured of IDR 500,000,000. The Policy will then terminate.

Illustration 2

Adit renews the Policy for the second year (January 1, 2024 – December 31, 2024) with a Premium of IDR 91,500 per month.

  1. If Adit passes away due to illness on December 15, 2024 (within the second Policy Year), the Insurance Benefit paid will be 100% of the Sum Assured, i.e., IDR 500,000,000. The Policy will then terminate; or
  2. If Adit passes away due to an accident on September 18, 2024, the Insurance Benefit paid will be 100% of the Sum Assured, i.e., IDR 500,000,000. The Policy will then terminate.

Illustration 3

Adit does not renew the Policy before the first Policy Term ends (December 31, 2023), and therefore the Policy lapses. On February 1, 2024, Adit purchases a new IFG LifeCOVER Policy with a one-year Policy Term (outside the reinstatement period) with a Premium of IDR 91,500 per month.

  1. If Adit passes away due to illness on November 11, 2024, the Insurance Benefit paid will be equal to the Premiums paid, i.e., IDR 91,500. The Policy will then terminate; or
  2. If Adit passes away due to an accident on November 11, 2024, the Insurance Benefit paid will be the Sum Assured of IDR 500,000,000. The Policy will then terminate.

Terms and Conditions

Premium Payment Requirements

  • Prospective Policyholders are required to pay the Premium to the Insurer according to the Premium amount and Premium payment method as stated in the Policy.

  • Premium payment is considered valid if the funds have been received fully by the Insurer

Claim Submission

  • Prepare claim documents, fill out completely, and sign the claim submission form

  • The claim submission form can be downloaded through IFG Life's official website/media

  • Send all claim documents according to the claim submission requirements to the Insurer's office or can visit the nearest Walk in Customer & Insurer Representative Office / BTN Branch Office

  • The Insurer receives, examines, and analyzes the submitted claim documents. To find out the status of the claim, the Policyholder / Insured can contact the Call Center 1500 176 or the changed number

  • If the claim is approved, the claim payment will be paid by the Insurer no later than 14 (fourteen) Working Days since the claim decision is approved

How to Register

  • 1

    Upload data

    Complete the data and required documents on the IFG Life website or from the nearest BTN Branch Office.

  • 2

    Check the Statement

    Ensure that the information, statements, and notices provided are the basis for procuring the Policy and an integral part of the Policy.

  • 3

    Complete the Registration

    Correctness and completeness of the data is the responsibility of the Policyholder and/or the Insured.

Find Out More Information

Find Answers to Your Questions

What is the benefits covered by the IFG LifeCOVER product?
The benefits of IFG LifeCOVER insurance products are Accidental Death Benefit and Non-Accidental Death Benefit.

What is the premium amount for IFG LifeCOVER?
The premium amount starts from IDR 10,000 for monthly payment or can be adjusted according to customer needs.

How long is the insurance period for IFG LifeCOVER products?
The insurance period can be selected by the customer according to the options (1/5/10/15 years) and can be extended until the insured is 99 years old.

How do I purchase IFG LifeCOVER product?
Visit the nearest Bank BTN Branch Office to get information about the terms and documents for purchasing IFG LifeCOVER products.

How can I consult further about IFG LifeCOVER product information?
Visit the nearest Bank BTN Branch Office to get more information about IFG LifeCOVER products.

Complaint Service And Claim

Seputar Berita dan Informasi

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IFG LifeCHOICE

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