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Asuransi Jiwa Kredit

Kredit Small Medium Enterprise (SME) UP Menurun

Laporan Tahunan

Kredit Small Medium Enterprise (SME) UP Menurun is a term life insurance program that provides life protection if the customer dies during the Coverage Period.

PRODUCT BENEFITS

If the Insured who is a SME Debtor of Bank Mayapada dies within the Coverage Period, the Insurer (Sequis) will pay to the Policyholder (Bank) a lump sum of Sum Assured in the amount of outstanding balance (based on Bank records with a maximum loan interest rate as stated in the product specifications) so that the beneficiaries are exempted from the obligation to repay the remaining loan.

PRODUCT PROVISIONS TABLE

Provisions

Description

Entry Age

20-65 years old

Currency

Rupiah

Sum Assured

IDR 1 billion to IDR 10 billion

Coverage Period

1-10 years; Maximum age at end of Coverage period is 70 years old

Premium Payment Period

Premiums are paid in a lump sum at the beginning of the coverage period

OTHER SEQUIS INSURANCE PRODUCTS

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