Group Credit Life - OCBC | Great Eastern Life Indonesia

Group Credit Life Insurance is a group insurance product offered by Great Eastern Life Indonesia. This product is a decreasing term insurance product with a single premium payment that provides decreasing death benefits due to any cause.

Key Benefits: 

• Life protection in the form of insurance benefits 

Notes: 

• Insured Entry Age: 20 (twenty) years – 65 (fifty five) years
• Where: Entry Age + Tenor ≤ 65 (sixty five) years.
• Age Calculation Method: Last Birthday.
• Premium Payment Method: Single Premium based on loan amount, age and term
• Currency: Rupiah
• Underwriting Terms: Full Underwriting
• With risk selection decisions:
  • Accepted standards
  • Accepted with additional premium
  • Rejected
• Policy Study Period: 14 (fourteen) calendar days after the policy is received by the Policy Holder.
• Sum insured:
  • Minimum: Rp. 175,000,000 (one hundred and seventy five million rupiah)
  • Maximum: subject to Underwriting provisions
  • Aggregation is applied to the same product (credit life insurance).
• Police Waiting Time: no waiting time.

Group Credit Life Insurance is a life insurance product owned by PT Great Eastern Life Indonesia (“Great Eastern Life Indonesia”), and is not a product of PT Bank OCBC NISP, Tbk (“Bank”). The Bank is neither an insurance agent nor an insurance brokerage company for Great Eastern Life Indonesia. Great Eastern Life Indonesia is fully responsible for the Group Credit Life Insurance product and the contents of the insurance policy issued for this product. Therefore, the Bank bears no responsibility whatsoever for the Group Credit Life Insurance product or the contents of the policy issued in connection with this product.

Group Credit Life Insurance is not a bank deposit product and therefore is not included in any government guarantee program or the Deposit Insurance Corporation. The premium paid already includes acquisition costs, administration fees, fund management fees, bank commission, and marketing agent commission (if any). The information in this document must be read and is subject to the terms and conditions of the policy and other provisions related to the Group Credit Life Insurance product that apply at present and any future amendments.

Disclaimer:

Group Credit Life Insurance is a group life insurance product issued by PT Great Eastern Life Indonesia. This product is a decreasing term life insurance product with a single premium payment that provides a decreasing death benefit due to any cause.

This product has received approval from the Financial Services Authority.

For further information regarding the benefits available in this product including exclusion conditions, please contact us at the address, telephone number and email provided, or visit www.greateasternlife.com/id

Contact Us

Customer Contact Centre

T : (021) 2554 3800 (Monday-Friday, 09.00 am - 05.00 pm)
email : wecaregroup-ID@greateasternlife.com

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Menara Karya 5th Floor 
Jl. HR Rasuna Said Blok X-5 Kav. 1-2
Jakarta Selatan 12950 Indonesia