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Asuransi Jiwa Kredit

Kredit Multiguna (KMG) UP Tetap

Laporan Tahunan

Kredit Multiguna (KMG) Uang Pertanggungan Tetap 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 KMG UP Tetap Debtor of Bank Mayapada dies within the Coverage Period, the Insurer (Sequis) will pay to the Policyholder (Bank) a lump sum of the initial loan amount. If there is any surfeit between Sum Assured and the outstanding loan balance, the Bank will give the remaining to the Beneficiaries.

PRODUCT PROVISIONS TABLE

Provisions

Description

Entry Age

20-65 years old

Currency

Rupiah

Sum Assured

IDR 50 million to IDR 5 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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