Empower your financial future with flexible planning for education, retirement, and other life goals, while enjoying total Income Benefit of up to 237.5% of your Annual Contribution.
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A traditional Sharia endowment life insurance product designed to support your financial planning journey and life priorities, helping you achieve a more meaningful future. It provides Sharia-compliant life protection benefits along with other insurance benefits in the form of Income Benefit and Maturity Benefit, which can be aligned with the life goals you wish to achieve. This helps ensure your plans stay on track while mitigating the impact of unforeseen events.
Flexible
Simple
Guaranteed Issuance Offering (GIO) 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
Simple Solution for Your Life Protection
Nadia, 45, has a young child and want s to secure their family's future while preparing for important milestones ahead. With SHIELD, they can enjoy 15 or 20 years of life protection, receive Income Benefit that can be used for family needs or special occasions, and Maturity Benefit that can help fund their child's education, business aspirations, or future marriage plans.
Continuous Protection with Additional Education Fund Support
Budi, 60, wants life protection but is concerned that his existing medical condition may lead to higher premiums or application rejection. Through SHIELD's Guaranteed Issuance Offe ring (GIO) feature, he can obtain life protection more easily, subject to applicable terms and conditions. At the same time, Income Benefit and the Maturity Benefit can provide additional financial support throughout his retirement years.
Added Value for a More Secure Retirement Plan
Hendra, 58, is already retired and has exceeded the entry age limits of many life insurance products. He is looking for supplementary life protection while continuing to accumulate assets for his children and grandchildren. With SHIELD, Hendra can receive regular Income Benefit and a Maturity Benefit that can be passed on to future generations, helping him leave a meaningful financial legacy while maintaining life protection for his family's peace of mind.
FAQ
Q. Who can own SHIELD?
A : SHIELD is available for:
- Policyholder: 18 to 80 years old
- Insured: 0 (30 days) to 70 years old, subject to the selected Policy Term as follows:
Policy Term (years) | Entry Age |
|---|---|
15 | 0 (30 days) – 70 years |
20 | 0 (30 days) – 65 years |
Q. What is the Policy Term of SHIELD?
A : 15 or 20 years.
Q. What is the Contribution Payment Term?
A : 5 years
Q. What currency is used for SHIELD?
A : US Dollar
Q. What are the contribution requirements?
A : Minimum Annual Contribution:
Policy Term (Years) | Minimum Contribution (USD) |
|---|---|
15 | 5.000 |
20 | 3.000 |
- The maximum contribution is subject to underwriting approval, provided that the Death Benefit does not exceed USD100.000.
- 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.
Q. What Death Benefit is provided by SHIELD?
A : The Death Benefit varies based on the participant’s entry age as follows:
Policy Term | Participant Entry Age | Sum Assured |
|---|---|---|
| 0 - 45 | 50% |
46 - 65 | 25% | |
| 0 - 45 | 50% |
46 - 70 | 25% |
Maximum Sum Assured:
- USD100.000 for participant entry age 0 to 65 years
- USD50.000 for participant entry age 66 to 70 years
Q. What Sharia contracts are applied in SHIELD?
A :
- 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.
Q. How is the Underwriting Surplus distributed?
A : 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.
Q. Bagaimana ketentuan Alokasi Kontribusi dan Ujrah pada SHIELD?
A : 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 | Entry Age (years) | Policy Yaer | ||||
|---|---|---|---|---|---|---|
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% | |
5P20 | 0 - 45 | 2,5% | 5,0% | 5,0% | 7,5% | 10,0% |
46 - 60 | 5,0% | 10,0% | 15,0% | 17,5% | 20,0% | |
61 - 65 | 12,5% | 15,0% | 20,0% | 25,0% | 25,0% | |
- Cash Value Allocation is derived from the Contribution after deducting the Contribution Ujrah and Tabarru’ Contribution.
Plan | Entry Age (years) | Policy Yaer | ||||
|---|---|---|---|---|---|---|
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% | |
5P20 | 0 - 45 | 90,0% | 85,0% | 35,0% | 17,5% | 15,0% |
46 - 60 | 87,5% | 80,0% | 25,0% | 7,5% | 5,0% | |
61 - 65 | 80,0% | 75,0% | 20,0% | 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.”