GREAT Prestige Protector | Life Insurance with Guaranteed Asset Protection

General requirements:

• Insured Entry Age: 14 days - 80 years 
• Policyholder entry age: 18 years - 99 years
• Age calculation method: Next birthday method
• Insurance period: until the insured is 99 years old 
• Premium payment period: Single premium paid in one lump sum
• Prize: 
  • Basic Premium: 
    • Minimum Rp. 50,000,000
  • Additional premium/Top Up: 
    • Minimum IDR 10,000,000 and maximum according to the provisions of Great Eastern Life Indonesia but not more than 3 times the single basic premium
    • Initial Additional Single Premium can only be added at the time of initial insurance application.
• Sum insured.
  • Minimum: 1.5% of Single Basic Premium
  • Maximum: 5% of Single Basic Premium
• Partial withdrawal:
  • Partial Withdrawal is permitted after the Policy has been active for 2 years.
  • The minimum withdrawal amount is IDR 10,000,000, referring to the minimum balance of the Policy Cash Value after withdrawal of IDR 20,000,000.
  • Withdrawals made after the 2nd (two) Policy Anniversary up to the 10th (tenth) year will be subject to a Fund Withdrawal Fee and will not reduce the Sum Insured.
  • Withdrawals made from the 11th (eleventh) year will not be subject to a Fund Withdrawal Fee, but will reduce the Sum Insured.
• Policy Redemption: Policyholders may submit a written request for Policy Redemption or Withdrawal of the Total Cash Value to Great Eastern Life Indonesia. Great Eastern Life Indonesia will pay the Total Cash Value available in the Policy upon approval of the Policy Redemption.
• Policy Study Period (Free Look): 14 (fourteen) calendar days from the date the Policy is received by the Policyholder
• The initial fee charged is 13.5% of the Single Basic Premium and Additional Single Premium (if any)
• The administration fee will be deducted every month the Policy is renewed and will be taken from each Basic Cash Value and Additional Cash Value in the amount of = 0.1% per year of the Cash Value divided by 12.
• Insurance costs are calculated based on the Sum Insured, Age and gender of the Insured which falls due on each anniversary date of the Policy month as long as the Policy is still valid.
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• Withdrawal Fees
• Withdrawals made after the 2nd (two) Policy Anniversary up to the 10th (tenth) Policy Year will be subject to a Fund Withdrawal Fee for the Policy Holder as follows:

Redemption Fee

Redemptions made in the 1st (one) to 10th (tenth) Policy Year will incur a Redemption Fee to the Policyholder as follows:

GREAT Prestige Protector 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 broker of Great Eastern Life Indonesia. Great Eastern Life Indonesia is fully responsible for the GREAT Prestige Protector product and the contents of the insurance policy issued for the GREAT Prestige Protector product, so the Bank is not responsible in any form for the GREAT Prestige Protector product and the contents of the policy issued in connection with the GREAT Prestige Protector product. The GREAT Prestige Protector product is not a bank deposit product, thus it is not included in the government guarantee program or the Deposit Insurance Corporation. The premium paid by the Policyholder includes acquisition, administration, fund management, bank commission and marketing staff commission. The information in this document must be read and subject to the policy provisions and other provisions related to the GREAT Prestige Protector product that are currently in effect or any changes thereto in the future.

GREAT Prestige Protector is a life insurance policy with a single basic premium and a coverage period up to the insured's age of 99 (ninety-nine). This product offers customers the opportunity to enjoy a guaranteed fixed return for the first 10 (ten) years.  

The age calculation method for this product is using the next birthday method.

GREAT Prestige Protector has the following product advantages:

Investment Result Certainty

Provides certainty of a guaranteed rate of return for the first 10 years for your investment returns since purchasing the Policy.

Certainty of Protection

Provides certainty of a fixed insurance value for the first 10 years even if a withdrawal occurs.

Certainty of Achieving Financial Goals

Realize your long-term financial goals with just one premium payment.

This product has been approved by the Financial Services Authority. For more information about the benefits available in this insurance product, as well as what is not covered by this product, please contact us at the address, phone number, and email address provided or visit www.greateasternlife.com/id .