Royal Care Insurance


Regular Premium Unit link product from Sun Life Financial in Indonesian Rupiah

ASURANSI ROYAL CARE is a unit link life insurance with regular premium payment which provides as charged hospital reimbursement rider benefit.

FEATURE

  • Protection for 88 year period
  • Cashless in hospital provider in Indonesia/Asia
  • As charged hospital reimbursement until 5 billion
  • One bedroom facility
  • Treatment of cancer, kidney failure, cancer reconstruction surgery
  • Medical expert opinion services and claims through Medical Applications Click
  • Benefits medical emergency both in local and abroad

BENEFIT

  • Death Benefit

In case of death of the Insured caused by sickness or accident or other natural causes, Insurer will pay 100% Sum Assured.

  • Maturity Benefit

If Insured lives until end of policy term, Insurer will pay 100% investment fund.

  • Rider Benefit

If Insured is undergoing treatment in hospital, Insurer will pay the hospital bills according plan.
RISK

  • Market Risk / Unit Price Reduction Risk

Market risk is is the risk of losses inpositions arising from movements in market 
prices.

  • Liquidity Risk

Happens when the market reacts extremely, the party involved in assets transactions could not find a client in the market.

  • Economic Risk and Political Changes 

Changes on the regulation of capital and money market also changes in politics.

 

REQUIREMENTS & PROCEDURES

  • Policy Holder Age 21 - 70 years (last birthday)
  • Has Commonwealth Bank Account
  • Fill out  Application Form
  • Copy Customers Identification
  • Other Supporting Documents

Should you require further information, please contact our 24 hours Call Commbank in 15000-30 or (area code) 15000-30 from mobile or visit our nearest branch.


FEE AND CHARGES

  • Acquisition Fee

100% from regular basic premium in first year

  • Regular Fee

Charged in monthly basis from investment balance as follows:
i.   50% from regular basic premium in second year
ii.  30% from regular basic premium in third year
iiI. 10% from regular basic premium in fouth year

  • Insurance Fee

Charged in monthly basis applied in 13rd month from investment balance according to age, sex and sum insured.

  • Administration Fee

IDR40,000 applied in 13rd month

  • Premium Fee

 

Year

Regular Premium

Top Up Regular

Top Up Single

Basic Premium

Rider

1

0%

0%

5%

5%

2-5

5%

5%

5%

5%

6+

5%

0%

5%

5%

*for total premium above IDR 2 Billion, premium fee for top up regular/single will be charged 3%

  • Management Fee

Maximal 2.5% per annum from investment portfolio

  • Custodian Fee

Maximal 0.35% per annum from each investment fund

  • Switching Fee

FREE 3x per year, more than that will be charged 0,5% from switching value or minimum IDR100,000

DISCLAIMER
The insurance product issued by PT Sun Life Financial Indonesia  and referenced / recommended by PT Bank Commonwealth (Commonwealth Bank) to its customer. This product is not issued by Commonwealth Bank consequently Commonwealth Bank doesn’t responsible for any obligation and doesn’t provide any assurance of this insurance product. This insurance product and the fund is not included in Deposit Guarantee Program of Government of Republic Indonesia (Lembaga Penjamin Simpanan). Commonwealth Bank also not undertakes for any risk of the Insurance Policy issued by PT Sun Life Financial Indonesia  in related to the insurance product. The Commonwealth Bank’s logo usage is entirely for cooperation reason between Commonwealth Bank and PT Sun Life Financial Indonesia  in regard to the marketing process of the Insurance Product. Commonwealth Bank is neither an agent of PT Sun Life Financial Indonesia  nor a broker of Commonwealth Bank customers. The fund placed will not be included in and / or not will be secured by a deposit guarantee program by LPS.