Protection Benefits for Your Best Financial and Investment Decisions
Investment & Death Benefits
Payment of investment balance upon withdrawal/cancellation and provision of 100% insurance coverage
Additional Insurance
There are various critical illness/personal accident insurance policies available as additional insurance (riders).
Investment & Death Benefits
Payment of investment balance upon withdrawal/cancellation and provision of 100% insurance coverage
Additional Insurance
There are various critical illness/personal accident insurance policies available as additional insurance (riders).
Disclaimer
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.
Insurance Information
Description
| Benefit | ||
|---|---|---|
| Investment Benefits | The Insurer will pay a number of investment values, if the Policyholder makes a Partial Fund Withdrawal /withdrawal) or All Funds / Policy Redemption (surrender). | |
| The Insurer will pay the investment value balance after deducting costs (if any), if the Policy is declared canceled by the Insurer. | ||
| Death Benefits |
In the event the Insured passes away during the Insurance Period, and the claim decision is as follows:
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| Maturity Benefits | If the Insured lives until the end of the Insurance Period, the Insurer will pay the Investment Benefit covering the entire balance of the Investment Value at the Insurance Period end date. | |
Spesifikasi Produk
Risk
- Benefit values may increase or decrease.
- Investment-related benefits may be lower than the total funds invested.
- No Insurance Benefit will be paid if the Insured’s death is caused by excluded conditions.
- Investment returns may not be optimal if premium payments are not made in full for the agreed period.
- Additional Insurance Benefits that are not guaranteed will not be paid during the waiting period.
Subfund investment performance is not guaranteed.
| Subfund | Risk |
|---|---|
| IFG Link Equity | High |
| IFG Link Balanced | Medium - High |
| IFG Link Fixed Income | Medium |
| IFG Link Money Market | Low |
| Subfund | Risk |
|---|---|
| IFG Link Equity | High |
| IFG Link Balanced | Medium - High |
| IFG Link Fixed Income | Medium |
| IFG Link Money Market | Low |
Terms and Conditions
Life Insurance Requirement Documents
Prospective Policyholder and prospective Insured are required to fill out completely and correctly as well as sign the applicable Life Insurance Request Letter (SPAJ) form. SPAJ is completed with:
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Photocopy of the Policyholder's identity card
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Photocopy of the Insured's identity card
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Photocopy of the Insured's birth certificate less than 77 years old
Prospective Policyholders are required to fill out completely and correctly and sign the applicable Life Insurance Request Letter (SPAJ) form.
Claim Submission
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Policyholders can make changes to the composition of investment allocation types (sub-funds) by following the conditions and procedures set by the company.
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Transactions to change the allocation type composition are subject to transaction fees if carried out more than 2 (two) times in l (one) Policy year, namely 1% (one percent) for each transaction. The fee is used as a transaction fee.
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Policyholders can transfer all investment funds from one type of investment (sub-fund) to another type of investment (sub-fund) by following the provisions and procedures determined by the Insurer.
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Investment Fund switching transactions are subject to transaction fees if carried out more than 2 (two) times in (one) Policy year, namely 7% (one percent) for each transaction. The fee is used as a transaction fee.
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The switching fund fee is charged to the Policyholder through Unit deduction which is calculated according to the Unit Price on the nearest Business Day after the switching fund transaction is submitted to the Insurer.
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Policyholders can withdraw part of the investment value (withdrawal or the entire investment value / surrender) in the Policy at any time.
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When withdrawing part of the investment value (withdrawal), the Policyholder is free to choose:
- Units; or
- Rupiah from which investment type will be redeemed.
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The minimum withdrawal per transaction is IDR 1,000,000 (one million rupiah) or if in Unit form is the number of Units equivalent to IDR 1,000,000 (one million rupiah).
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The investment balance after partial withdrawal of investment funds is at least IDR 2,000,000 (two million rupiah).
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If the withdrawal of all investment funds (surrender) is made, it will cause the Policy to end (cancel).
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Back-dating does not apply.
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Extra Premium provisions for Sub-standard risks apply, in accordance with applicable Underwriting provisions
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The maximum amount of Insurance Money is in accordance with the applicable Underwriting provisions.
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Policyholders may only choose a maximum of 2 types of investment
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The investment component in PAYDI contains 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
Fill Out Data
Complete the required data and documents at the nearest BTN Branch Office.
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2
Check the Statement
Ensure the information, statements, and notifications provided are the procurement basis of the Policy and an integral part of the Policy.
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3
Complete Registration
The correctness and completeness of the data filling is the responsibility of the Policyholder and/or Insured.
Insurance Termination
IFG Life Protection Platinum will automatically terminate when one of the following occurs first:
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Basic Insurance ends as soon as the relevant application/claim is approved by the Insurer.
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The insurance ends if the Regular Premium within the first 2 (two) years from the Effective Date of the Policy is not paid.
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Insurance ends and the Policy is declared canceled if the existing Investment Value balance is insufficient to fulfill the required Expenses for the Policy to be valid.
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The Additional Insurance also terminates with the expiration of the Basic Insurance.
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To the extent that nothing accelerates the termination of the Basic Insurance as specified in the Policy, the Basic Insurance terminates on the end date of the Basic Insurance coverage.
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In case the Basic Insurance ends on the final date of Basic Insurance coverage, the Insurer is not required to pay anything.
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As long as there are no cases that accelerate the expiration of an Additional Insurance as specified in the Policy, an Additional Insurance ends on the final date of the Additional Insurance coverage. In the event that an Additional Insurance ends on the final date of the relevant Additional Insurance coverage, the Insurer is not required to pay anything.
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The Insurer is not required to pay anything other than the Investment Value, if any, calculated based on the Unit Price on the Calculation Date closest to the end date of the Basic Insurance coverage. To the extent that there are no conditions accelerating the termination of an Additional Insurance as specified in the Policy, an Additional Insurance terminates on the final date of the Additional Insurance coverage. In the event that an Additional Insurance ends on the relevant Additional Insurance Coverage End Date, the Insurer is not required to pay anything.
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The Policyholder and/or the Insured fills in and signs completely and correctly the Policy reinstatement request letter and a brief health statement as well as the forms used for the policy reinstatement purposes, and
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The Insurer has the right to determine whether the Policy reinstatement requires a medical examination and to apply risk selection/underwriting or not. Costs incurred in the medical examination are fully burdened by the Policyholder, and
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All costs related to the Policy reinstatement shall be the expense and responsibility of the Policyholder.
Illustration
Ilustrasi Manfaat
| Mr. A (36 years old) purchased the IFG Life Protection Platinum Policy as follows | ||
|---|---|---|
| Policyholder | Mr. A | |
| Insurance Started | 36 Years | |
| 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 Answers to Your Questions
- - IFG Life Call Center: 1500-176
- - WhatsApp: 08111-372-848
- - Email: customer_care@ifg-life.id
Complaint & Claims Service
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Call Center
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1500-176
Monday-Friday : 08.00-17.00
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Email
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customer_care@ifg-life.id
Monday-Friday : 08.00-17.00
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customer_care@ifg-life.id
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