Group Extra Credit Life | Great Eastern Life Indonesia

Credit Life Insurance (CLA) is a collaborative product between a bank and an insurance company. The benefit of this product is the repayment of the loan to the bank upon the policyholder's death.

At Great Eastern Life Indonesia, we understand the potential financial risks involved by providing protection through Extra Credit Life Insurance. This insurance policy benefits the customer's remaining loan balance, including interest, penalties, and late fees (as per applicable regulations), in the event of death.

Key Benefits:

Life protection in the form of insurance benefits

Notes:

Insured Entry Age: 20 (twenty) years – 65 (sixty five) years
Where: Entry Age + Insurance Period ≤ 70 (seventy) years.
Age Calculation Method: Last Birthday.
Premium Payment Method: Single
Premium Calculation: Based on the loan amount, age and term multiplied by the rate.
Currency: Rupiah
Underwriting Terms: Full Underwriting
With risk selection decisions:
- Accepted standards
- Accepted with additional premium
- Rejected
Insurance Period: 1 (one) - 20 (twenty) years.
Policy Study Period: 14 (fourteen) 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).

Group Extra Credit Life Insurance is a Financing Life Insurance product that provides a Decreasing Sum Assured Benefit if the Participant experiences the risk of death.

This product is a single premium with an insurance term of up to 20 years. The age calculation method for this product is age at the most recent birthday.

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

Or find other insurance products here .

Disclaimer:

Group Extra Credit Life Insurance is a life insurance product owned by PT GREAT Eastern Life Indonesia ("GREAT Eastern Life Indonesia"), not a product of PT Bank OCBC NISP, Tbk ("Bank") and the Bank is not an insurance agent or insurance brokerage company of GREAT Eastern Life Indonesia. GREAT Eastern Life Indonesia is fully responsible for the Extra Group Credit Life Insurance product and the contents of the insurance policy issued for the Extra Group Credit Life Insurance product, so the Bank is not responsible in any form for the Extra Group Credit Life Insurance product and the contents of the policy issued in connection with the Extra Group Credit Life Insurance product. The Extra Group Credit Life Insurance product is not a bank deposit product, thus it is not included in the government guarantee program or the Deposit Insurance Agency. The premium paid includes acquisition fees, administration, fund management, bank commissions and marketing staff commissions (if any). The information in this document must be read and subject to the provisions of the Policy and other provisions related to the Extra Group Credit Life Insurance product that are currently in effect or any changes thereto in the future.

Get Info on Group Extra Credit Life Insurance

Product Summary

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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