Mega Auto Proteksi Plus

Mega Auto Proteksi Plus is a group term life insurance program issued by PT PFI Mega Life Insurance which provides insurance benefits in the form of financial protection against the risk of death due to natural causes during the insurance period.

Main Benefit

If the Participant dies during the Insurance Period, the Insurance Benefit that can be paid under this Policy is, whichever is lower

a. Sum Assured, which is calculated by the Insurer based on the initial Sum Assured which decreases every month in accordance with the principle of calculating amortization based on interest rate determined by the Insurer, including principal debt arrears and interest arrears during the time period agreed by the Insurer since the Participant died (if any), or

b. The outstanding loan, which is which is recorded to the Policyholder which decreases every month is calculated based on the Initial Sum Insured selected by the Participant including principal debt arrears and interest arrears during the time period agreed by the Insurer since the Participant died (if any).

Product Benefit

Term and Conditions

Participant Entry Age

17 - 69 years (age of nearest birthday)

Marketed Through

Bancassurance, Business Entities Other Than Banks (BUSB), Direct Marketing and Brokers

Premium Payment Method

Single Premium

Coverage Period

1 (one) to 30 (thirty) years, where the entry age plus the Insurance Period is no more than 70 years of age

Currency

Indonesian Rupiah

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Product Summary - Mega Auto Proteksi Plus
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Brochure - Mega Auto Proteksi Plus
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