Power Link ENG

Flexible Investment with Dual Benefits

An investment-linked insurance program that provides not only investment benefits for participants but also life insurance protection.

 

INVESTMENT FLEXIBILITY

– You are free to choose from the available investment types;

– You may add to your Investment Fund (Top-Up) at any time to enhance investment returns;

– You may perform a partial withdrawal of your Investment Fund (Withdrawal) or a full withdrawal (Surrender);

– Investment Funds are managed professionally and transparently;

– You may switch your Investment Fund types (Switching).

 

INSURANCE BENEFITS

Living Benefit (Investment Benefits)

– Powerlink shall provide a benefit in the amount of the Investment Fund, should the Policyholder perform a partial withdrawal (Withdrawal) and/or a full withdrawal (Surrender) of the Investment Fund;

– Powerlink provides a benefit in the amount of the Investment Fund, should the Insured survive until the end of the Insurance Period.

Death Benefit

– Powerlink shall provide a benefit in the amount of the Sum Assured plus the Investment Fund should the Insured pass away within the Insurance Period.

– Should a Death Claim be ineligible for payment by the Insurer due to Policy exclusions, the Insurer shall only pay a benefit in the amount of the Investment Fund (if any).

Sum Assured (SA)

– The Powerlink Sum Assured shall be 125% (one hundred and twenty-five percent) of the Single Basic Premium or IDR 15,000,000 (fifteen million rupiah), whichever is greater;

– The Powerlink Sum Assured shall be 5 (five) times the Annual Basic Premium or IDR 7,500,000 (seven million five hundred thousand rupiah), whichever is greater.

 

INVESTMENT OPTIONS

The choice of investment rests entirely with you, in accordance with the investment types offered by Powerlink. You may select one or a combination of the available investment types. The available investment types are as follows:

Powerlink Rupiah Stable Fund

Offers stable investment returns with a secure and lower risk profile. This fund is primarily invested with a minimum allocation of 80% in Fixed Income Securities, and a maximum of 20% in Money Market Instruments, with up to 10% in Equity Securities.

Powerlink Rupiah Managed Fund 

Offers a relatively higher investment returns with a moderate risk profile. This fund maintains a diversified portfolio with a minimum allocation of 50% in Fixed Income Securities, a maximum of 30% in Money Market Instruments, and up to 20% in Equity Securities.

Powerlink Rupiah Equity Fund 

Offers maximum investment growth with a commensurate risk profile. This fund is positioned with a minimum allocation of 80% in Equity Securities, complemented by a maximum of 20% in Money Market Instruments and up to 10% in Fixed Income Securities.

 

PARTICIPANT CRITERIA

– In Good Health (Physically and Mentally);

– Policyholder Entry Age
17-70 years.

– Insured Entry Age
Minimum 0 (zero) days (*Birth Certificate/Notice of Birth required) and maximum 65 (sixty-five) years old.

– Premium
– Minimum Single Premium: IDR 6,000,000
– Minimum Regular Premium:
1. Annually: IDR 1,500,000
2. Semi-annually: IDR 1,000,000
3. Quarterly: IDR 500,000
4. Monthly: IDR 300,000

– Minimum Top-Up: IDR 1,000,000
– Minimum Partial Withdrawal: IDR 1,000,000, with a minimum remaining Investment Fund balance of IDR 2,000,000
– Minimum Fund Switching: IDR 1,000,000

 

FREE LOOK PERIOD

The Free Look Period is a review period provided for you to study the contents of the Policy. You are granted a period of 14 (fourteen) calendar days to review and accept the terms and conditions stipulated in the Policy.

INSURANCE CHARGES

• – Cost of Insurance (COI) is adjusted based on the Sum Assured and the Participant’s age;– Cost of Rider (COR) is adjusted based on the additional benefits (Riders) selected by the Participant;

  – Policy Fee of IDR 175,000 is payable upon the first Premium payment (exclusive of Basic Premium and Top-Up);

  – Administrative Fee of IDR 27,500 per month;

  – Investment Management Fee of 3% per annum, charged proportionally on a monthly basis from the Investment Fund;

  – Fund Switching Fee: Free of charge for the first 2 (two) switches per year;

  – Subsequent switches are subject to a fee of 1% per transaction of the switched amount, or a minimum of IDR 100,000;

  – Partial Withdrawal Fee:
  For Policy years ≤ 1, a fee of 2% of the withdrawal amount shall apply. For Policy years > 1, the withdrawal is free of charge;

  – Surrender Fee:
  For Policy years ≤ 2, a fee of 2% of the surrender value shall apply. For Policy years > 2, the surrender is free of charge;

  – Free Look Period:
  Free of charge. The Policyholder may return or cancel the Policy during the Free Look period if the Policyholder disagrees with the Policy terms and conditions.

  – Death Claim Fee:
  For the Single Premium payment mode, no Death Claim fee applies. For the Regular Premium payment mode, if the Policy age is ≤ 2 years, the Death Claim fee shall be equal to the COI calculated from the Policy Issue Date until the date the Death Claim is submitted, which will be deducted from the Sum Assured. However, if the Policy age is > 2 years, the Death Claim shall be free of charge.

INSURANCE CHARGES

– Net Asset Value (NAV) is calculated by valuing the Investment Fund’s assets and deducting any liabilities related to the fund.

– Net Asset Value (NAV) is determined after the close of business and is calculated based on the Daily Valuation Date.

 

FREE LOOK PERIOD

PertaLife Insurance will issue Transaction Statements periodically every June and December, or upon each transaction, to provide information on transaction details and the number of units held by the Participant.

 

UNIT PERFORMANCE

You may monitor your unit performance on a daily basis through the Harian Bisnis Indonesia news outlet or by contacting our Customer Care.

 

OTHER TERMS AND CONDITIONS

– Participants are free to choose their desired investment options;

– Any investment risks arising from such choices shall be borne by the Participant;

– Investment values may fluctuate according to investment performance;

– The Policy Value may be less than the total amount of funds invested;

– The Company does not guarantee investment returns;

– Taxes are applicable in accordance with prevailing regulations.