GREAT Legacy Assurance

Family Protection with Increasing Coverage Value

great-legacy-assurance More Info
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Increasing Sum Assured

Starts from the 6th Policy year, with an Extra Sum Assured of up to 204% of the Basic Sum Assured.

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Comprehensive Insurance Benefit

Provides terminal illness benefit, death benefit and maturity benefit

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Flexibility in premium payment

Single and regular premium options with 3 or 5 premium payment periods.

Other Benefit

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Maturity Benefit

Total Sum Assured will be paid
at end of insurance period.

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Long term Protection

Insurance period until the
Insured reach 100 years old.

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Partner insurance company

PT Great Eastern Life Indonesia

Further Information

Related information about GREAT Legacy Assurance

Terms of submitting GREAT Legacy Assurance

  • Currency: IDR
  • Premium:
    • Minimum Premium:
      • Single Premium : IDR 350.000.000
      • 3 years Premium Payment Term: IDR 120.000.000
      • 5 years Premium Payment Term: IDR 80.000.000
      • Payment Period 3 or 5 years can choose Payment Frequency: Monthly or Annually
    • Maximum Premium: subject to underwriting approval

      Monthly Premium: 0,09% x Yearly Premium

  • Entry age:
    • Insured : 18 – 80 years (last birthday)
    • Policyholder : 18 – 99 years (last birthday)
  • Insurance Coverage Period: Until the Insured reach 100 years old
  • Sum Assured:
    • Min. IDR 2.000.000.000
    • Maximum subject to underwriting approval

GREAT Legacy Assurance  is an Insurance product owned by PT Great Eastern Life Indonesia (“Great Eastern Life Indonesia”), It is not a product of PT Bank OCBC NISP Tbk (“OCBC/Bank”) and Bank is not an insurance agent or insurance brokerage company of Great Eastern Life Indonesia.

Great Eastern Life Indonesia will take full responsibility over the GREAT Legacy Assurance product and the content of the insurance policy published for such insurance product, so therefore Bank will not be liable in any form for the GREAT Legacy Assurance product and the content of insurance policy published for such insurance product. GREAT Legacy Assurance product is not a saving product of the Bank, thus is not included in the government guarantee program or Indonesia Deposit Insurance Corporation (LPS).

Premium paid by the Policyholder are including cost of insurance, supplementary, fund management, bank commission and marketing staff commission (if any). The information in this document should be read and subject to the policy provisions and other provisions that are related to the GREAT Legacy Assurance product as per current as well as their changes thereto in the future.


FAQ

Frequently Asked Questions about GREAT Legacy Assurance

Is a medical check up necessary?

Medical check up is required for certain Sum Assured and age (refer to underwriting terms & conditions in PT Great Eastern Life Indonesia).

Can a partial withdrawal be made?

Partial withdrawal not applicable in this product

What is the insurance benefit of the product if the risk occurs to the Insured?

Death benefit in the amount of Sum Assured up to age 100 years, Terminal Illness benefit with protection up to age 80 years and maturity benefit in the amount of Sum Assured

How do I pay the insurance premium?

By auto debit from OCBC saving account or Credit Card (valid only for regular premium)

What should I do to submit the insurance claims?

Beneficiaries should:

  • Complete the documents as stated in the policy
  • Submit the complete documents to dedicated Relationship Manager or OCBC Branch office to be forwarded to the Insurance Company or send directly to Insurance Company

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