Empower your financial planning to support educational funding, retirement needs, or other future goals, with a minimum annual contribution of USD3.000 and total Income Benefit of up to 122.5% of the Annual Contribution.
A More Secure Future Starts with Thoughtful Planning
A traditional Sharia endowment life insurance product that provides peace of mind for your family's future through well-planned financial preparation. Align it with your life priorities and enjoy Sharia life protection benefits, Income Benefit, and Maturity Benefit to help achieve long-term financial stability.
Key benefits
Flexible
Simple
Simplified insurance enrollment with no medical examination required for eligible Participants up to 70 years old.
Secure
Providing peace of mind against the risk of death through a Death Benefit of up to 50% of the Annual Contribution, plus an additional Accidental Death Benefit during Hajj/Umrah of 25% of the Annual Contribution, together with Income Benefit and Maturity Benefit.
How This Product Helps
1. A Simple Solution for Your Life Protection
Andi, 40, wants to prepare a stable retirement fund for his future. He needs a practical solution that allows him to build funds in a disciplined way without having to manage various investment instruments separately. Through X-Tra Wealth Link Insurance, Andi can benefit from potential investment growth and additional periodic bonuses through one product with a single upfront payment, making his retirement planning more focused and well managed.
2. Continuous Protection with Additional Education Fund Support
Nadia, 45, has a child who is still in school and wants to prepare an education fund in a more structured way. She also wants a simple application process without the hassle of a medical examination. Si Berkah supports Nadia through a Guaranteed Acceptance method, meaning the application can be processed without a medical examination, subject to the applicable terms and conditions. She can select a plan with benefits that suit her family’s medium-term needs. The Income Benefit may help support recurring school-related expenses, while the life protection benefit helps provide financial security for her family if a covered risk occurs. At the end of the insurance coverage period, the Maturity Benefit can serve as additional funds for her planned goals. For Nadia, Si Berkah feels like an education lunchbox: prepared with discipline, then available to support the family when funding is needed.
3. Added Value for a More Secure Retirement Plan
Rudi, 50, is a professional who has started planning for retirement. He wants his family to have financial security if an unexpected risk occurs, while also preparing additional funds for his later years. With Si Berkah, Rudi can pay contributions for 5 years and choose a protection period that suits his needs. The Income Benefit can provide scheduled additional funds according to the policy, while the life protection benefit helps keep his family protected. If Rudi survives until the end of the insurance coverage period, the Maturity Benefit can help complement his retirement plan. For Rudi, this product is like a protection savings plan that moves together with his life goals: benefits for the family, regular benefits, and benefits at the end of the contract, subject to the policy terms and conditions.
FAQ
1. Who can own Si Berkah?
Si Berkah is available for:
- Policyholder: 18 to 80 years old
- Insured: 0 (30 days) to 70 years old
2. What is the Policy Term of Si Berkah?
15 years.
3. What is the Contribution Payment Term?
5 years.
4. What currency is used for Si Berkah?
US Dollar.
5. What are the contribution requirements?
- Minimum annual contribution: USD3.000
- Maximum annual contribution: USD400.000
- Available payment frequencies: Monthly, Quarterly, Semi-Annualy, and Annualy
- Contributions include the Ujrah component and/or commissions payable by the Operator (Insurance Company) to marketing representatives and partner banks.
6. What Death Benefit is provided by Si Berkah?
The Death Benefit varies based on the participant’s entry age as follows:
Policy Term | Participant Entry Age | Sum Assured (% of Annual Contribution) |
15 Years | 0 – 45 years | 50% |
46 – 70 years | 25% |
Maximum Sum Assured:
- USD100.000 for participant entry age 0 to 65 years
- USD50.000 for participant entry age 66 to 70 years
7. What Sharia contracts are applied in Si Berkah?
Hibah Mu’allaqah bi al-Syarth Contract
A commitment made by the Operator to provide a grant based on clearly defined terms and conditions disclosed to the Policyholder at the point of sale, in the form of a Hibah Benefit.
Tabarru’ Contract
A donation contract whereby the Policyholder contributes Tabarru’ contributions to the Tabarru’ Fund for mutual assistance among Policyholders, not intended for commercial purposes as stipulated in the Policy.
Wakalah Bil Ujrah Contract
A contract between the Policyholder and the Operator whereby the Policyholder appoints the Operator to manage the policy according to the authority granted under the Policy, in exchange for an Ujrah.
8. How is the Underwriting Surplus distributed?
Any Underwriting Surplus at the end of each financial year (if any), after deduction of Qardh (if any), will be distributed as follows:
- Policyholders: 50%
- Tabarru' Fund: 10%
- Operator: 40%
If the Policyholder's share of the Underwriting Surplus is less than IDR50.000, it will be donated to a social institution licensed by the relevant Indonesian authority.
9. How are Contributions and Ujrah allocated?
a. Contribution Allocation
· The Tabarru’ contribution is deducted from the Annual Contribution and paid monthly during the Contribution Payment Term starting from the Policy Effective Date with formula:
Tabarru’ Contribution = (Annual Contribution × Tabarru ’Contribution Rate) ÷ 12
1) The Tabarru' Contribution Level is as follows:
Plan | Participant Entry Age | Policy Year | ||||
1 | 2 | 3 | 4 | 5 | ||
5P15 | 0 - 45 | 2,5% | 2,5% | 5,0% | 5,0% | 7,5% |
46 - 60 | 5,0% | 5,0% | 10,0% | 10,0% | 17,5% | |
61 - 70 | 7,5% | 10,0% | 15,0% | 25,0% | 25,0% | |
- Cash Value Allocation is derived from the Contribution after deducting the Contribution Ujrah and Tabarru’ Contribution.
Plan | Participant Entry Age | Policy Year | ||||
1 | 2 | 3 | 4 | 5 | ||
5P15 | 0 - 45 | 90,0% | 87,5% | 35,0% | 20,0% | 17,5% |
46 - 60 | 87,5% | 85,0% | 30,0% | 15,0% | 7,5% | |
61 - 70 | 85,0% | 80,0% | 25,0% | 0,0% | 0,0% | |
Note: Returns are not guaranteed and depend on the performance of the underlying investments managed by the Operator.
· Contribution Ujrah Allocation for risk management purposes is charged as a percentage of the Contribution based on the selected plan and is payable throughout the Contribution Payment Term.
b. Ujrah
· Cash Value Management Ujrah, a fee of up to 0.645% per annum of the accumulated Cash Value.
· Policy Printing Fee, an amount of IDR150.000 will be charged if the Policyholder requests a printed (hardcopy) policy document.
“This product is a Sharia life insurance product with benefits, Ujrah/fees, terms, conditions, risks, and exclusions as stipulated in the Policy. Please read the Product and/or Service Information Summary and the Policy in full before purchasing.”