PT MSIG Life Insurance Indonesia Tbk - Smile Ultima Term Life

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.

PT MSIG Life Insurance Indonesia Tbk - Smile Wealth Protection (SMART)

Basic Information
Product Name: Smile Wealth Protection (SMART) 

Insurance Company: PT MSIG Life Insurance Indonesia Tbk 

Product Type: Endowment Life Insurance (Dwiguna) 

Entry Age: 1 month - 55 years (for the Insured) 

Premium Payment Term: 3, 5, or 8 years 

Policy Term: 15 years (Plan A) or 20 years (Plans B & C) 

Coverage Details
Death Benefit: A payout of 110% of the total basic premiums paid. 

Accidental Death Benefit: An additional payout of 110% of the total basic premiums paid , with a maximum limit of IDR 2 billion for this benefit. 

Stage Payouts (Manfaat Tahapan):
This is the core feature of the product. Stage payouts are disbursed during the policy term regardless of whether the Insured is living or has passed away. 

The total payout amount, depending on the selected plan, can reach up to 175% of the "Guaranteed Amount (Dana Pasti)". 

Key Features
Premium Waiver: If the Insured passes away during the premium payment period, the remaining unpaid premiums are waived, while the coverage and future stage payouts remain in effect. 

Asset Inheritance Effect: Because stage payouts continue to be disbursed to the beneficiary after the Insured's death, the policy also functions as a tool for asset inheritance.

Plan Flexibility: Offers three different payout plans (A, B, C) to choose from based on individual needs