Preserving Life, Ensuring Total Peace of Mind for the Future

Group Credit Shield is a Life Insurance product that provides benefits in the form of settlement of the Debtor/Insured’s outstanding principal balance to the Creditor/Policyholder, should the Participant pass away due to illness during the Policy Term.

Insurance Benefits:

Three (3) Sum Insured benefit options are available:

1. Flat Sum Insured
   A lump-sum payment equal to the Sum Insured payable to the Beneficiary or the nominee should the Insured/Debtor passes away during the Policy Term.
2. Sum Insured with Decreasing Loan Interest
   A lump-sum payment of the remaining Sum Insured (decreasing monthly based on Loan Interest rate) to the Beneficiary or the nominee, should the Insured/Debtor pass away within the Period of Insurance.
3. Sum Insured with Proportional Decrease
   A lump-sum payment equal to the remaining Sum Insured (decreasing proportionally on a monthly basis) payable to the Beneficiary or the nominee should the Insured/Debtor pass away during the Policy Term.

Policy Term

1 – 20 years

Premium

Single lump-sum premium payment..

Entry Age of the Insured

20 – 64 years, with a maximum age of 65 years at the end of the Policy Term.

Currency

IDR (Indonesian Rupiah).