Asuransi Jiwa Kredit
Kredit Small Medium Enterprise (SME) UP Menurun
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
Plan your future the way you want it
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