News Releases

PT Chubb Life Insurance Indonesia ("Chubb Life Indonesia") today announced the launch of Premier MyLife Time Protection, designed to offer customers comprehensive accident and life insurance protection throughout each stage of their life.

Premier MyLife Time Protection is a whole life insurance product that guarantees coverage for death caused by illness or an accident[1], and provides an additional 200% lump sum insured benefit in the event of accidental death. The product also assists individuals in saving for retirement by including a living benefit at 15% refund of the Annual Premiums paid, which is paid out when the insured individual reaches the age of 70.

Kumaran Chinan, President Director of Chubb Life Indonesia, said, "We understand that customers want to plan for a financially secure and worry-free retirement. Premier MyLife Time Protection not only fulfills the protection needs of our customers and communities, but also enables them to pursue their dreams and goals at every stage of life while creating a lasting legacy for their family and future generations."

Premier MyLife Time Protection also includes a maturity benefit.  Policyholders will be awarded 200% of the total sum insured if the policy remains valid and the insured individual is alive at the end of the insurance period.

To offer customers additional flexibility when it comes to life’s unexpected events, Premier MyLife Time Protection enables customers to access a specified cash value that can be used as financial support. Multiple options are also available for the premium payment period, enabling customers to choose between 5, 15, and 20 years based on their financial capabilities.

Premier MyLife Time Protection Product Features & Benefits

• Premium Payment Period: 5, 15 and 20 years
• Premium Payment Frequency: Monthly, quarterly, semi-annually and annually
• Whole Life protection up to 100 years with the sum insured increasing by 50% in the sixth policy year and thereafter
• Additional benefit of 200% of the sum insured if death occurs due to an accident
• If the Insured lives until the end of the Coverage Period, they will receive 200% of the sum insured

• When the Insured is 70 years old, they will receive a Living Benefit of 15% of the Annual Premium every year, until the Insured is 99 years old
• Cash Value is available for use by the Insured for future needs

For more information about the Premier MyLife Time Protection ("PMLTP") product, please visit: https://bit.ly/rip-premier-mylife-time-protection