Basic Information
Product Name: Smile Ultima Term Life
Insurance Company: PT MSIG Life Insurance Indonesia Tbk
Product Type: Term Life with Premium Return (Endowment Term)
Entry Age: 1 - 60 years (for the Insured)
Premium Payment Term: 5 or 10 years
Policy Term: 10, 15, or 20 years
Coverage Details
Death Benefit: A payout of 100% of the Sum Assured, which is reduced by any critical illness benefit already paid.
Critical Illness Benefit: An advance payout of 25% of the Sum Assured if diagnosed with one of the 10 major critical illnesses. This benefit is paid only once and will reduce the death benefit amount.
End of Policy Benefit: If the Insured is still living at the end of the policy term, the total premiums paid will be returned.
Plan A: Returns 100% of the total premiums paid.
Plan B: Returns 120% to 140% of the total premiums paid, depending on the policy term.
Key Features
Combines Protection and Return: Integrates the high protection of term life insurance with a savings feature that returns premiums at maturity.
Dual-Plan Option: Offers two plans: Plan A focuses on a higher Sum Assured (high protection), while Plan B focuses on a higher end-of-policy benefit (high return).
Critical Illness Coverage: Provides a basic accelerated benefit for major critical illnesses.