SmartLink - Life Insurance and Investment
(Unit-Linked)
As an insurance company, Allianz brings to you an innovation of life insurance plus financial protection which helps you to grow your savings. Through this insurance product you will be able to get a good investment return and you can also have other additional benefits that you need.
We call this innovative product Allianz SmartLink.Allianz SmartLink provides you with life insurance coverage plus a great opportunity to get maximum investment returns on your life insurance savings. Furthermore, powered by Allianz, you will be able to enter markets that may not be accessible for individual investors.
> SmartLink Products
> Investment Funds Choices
> Riders
> Allianz SmartLink Benefits
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SmartLink Products
Flexi Account
is a competitively priced unit-linked product with either monthly, quarterly, half annually, or annually premium payment mode. You can add funds at any time and you can add riders for getting extended protection.
Maxi Account
is a single premium payment unit-linked product with protection until age 100. You are free to add funds at any time.
Investment Fund Choices
With Unit-linked products, premiums will be allocated in units which you are free to distribute between our 4 unit-linked Funds:
> Cash Fund / Market Money Fund Rupiah
> Fixed Income Fund Rupiah
> Balanced Fund Rupiah
> Managed Fund US Dollar
Allianz offers four funds as your investment opportunity
Cash Fund / Money Market Fund Rupiah
SmartLink Cash Fund / Money Market Rupiah is designed to get a maximum investment return* with fund placements in Rupiah using high-quality short-term investment tools such as time deposit, SBI, and mutual funds. This investment offers a high-level security and preserves high liquidity by providing investment return. It is very well suited for a conservative investor who prefers stable investment gains and low investment risks.
* Investment returns depend on company investment performance and investment risks.
Fixed Income Fund Rupiah
SmartLink Fixed Income Fund Rupiah is designed to get an optimum investment return* with fund placements in Rupiah using short and mid-term investment tools such Deposito, SBI, and mutual funds, as well as long-term investment tools like bonds. This investment offers attractive investment gains with high level security and stability. It is suited for an investor who wants to get good long-term investment returns at moderate risk.
* Investment returns depend on company investment performance and investment risks.
Balanced Fund Rupiah
SmartLink Balanced Fund Rupiah is designed to get a maximum investment return* with fund placements in Rupiah using an optimum allocation with money market instruments, bonds, stocks and mutual funds. The allocation of funds is determined by Fund Managers and is subject to change on occasion. This offers good long-term investment returns at high risk.
* Investment returns depend on company investment performance and investment risks.
Equity Fund
SmartLink Rupiah Equity Fund is designed to get a maximum investment return* with fund placements in Rupiah using money market tools such as time deposit, SBI, bonds and other money market instruments. The allocation of funds is determined by Fund Managers and is subject to change on occasion. This offers good long-term investment returns at high risk.
* Investment returns depend on company investment performance and investment risks.
Managed Fund US Dollar
SmartLink Managed Fund US Dollar is designed to get a maximum investment return* with fund placements in US Dollar using money market tools such as time deposit, bonds and other money market instruments. This offers good long-term investment returns at moderate risk.
* Investment returns depend on company investment performance and investment risks.
Allianz SmartRiders
Allianz understands that you need comprehensive protection. Therefore we have designed for you the Allianz SmartRiders. SmartRiders can be added to your basic unit-linked program and complete your and your partners life protections against accidents, critical illness and also medical expenses.
Critical Illness Plus (CI+)
This rider offers protection against 24 critical illnesses. If you are for the first time diagnosed to have one or more of these 24 critical illnesses Allianz will pay 100 % of your sum assured under CI+. Critical illnesses are for example heart attack, stroke, and cancer.
Accidental Death & Disablement Benefit (ADDB)
Nobody expects accidents to happen. But we all know they do happen.
This rider offers you additional coverage for death and disablement caused by accident. Allianz pays 100% - 300% of the sum assured upon accidental death and a certain percentage if inner organs or body parts are defect because of an accident.
Total Permanent Disability (TPD)
24 hours a day Allianz protects you from TPD and pays you 100% of your sum assured in case of TPD. Of course, your basic policy will still continue until the end of insurance time.
Waiver of Premium Plus (WOP+)
This rider offers an additional protection if the life insured is for the first time diagnosed to suffer from one or more of 24 critical illnesses (CI+) and/or has total permanent disability (TPD). In these cases the premium will be waived (canceled) until end of the payment term. There is no limit as to what amount of premium can been waived.
Payor Benefit & Payor Protection
Payor Benefit
Release from obligation to pay premium if a policyholder suffers from total permanent disability or from one or more of 24 critical illnesses.
Payor Protection
Release from obligation to pay premium if policyholder dies due to an accident.
Spouse Payor Benefit & Spouse Payor Protection
Spouse Payor Benefit
Release from obligation to pay premium if the spouse of a policyholder suffers from total permanent disability or from one or more of 24 critical illnesses.
Spouse Payor Protection
Release from obligation to pay premium if the spouse of policyholder dies due to an accident.
Flexi Care
We do not expect to get sick and sickness normally happens without prior notice. While you are doing your activities Allianz protects you from unexpected cash payments for hospital expenses. If the insured one gets sick or suffers an accident that must be taken care of in a hospital, Allianz pays for room expenses, surgery expenses etc. as you can see in table below during a maximum of 180 days per year.
PRODUCT LIFE INSURANCE SmartLink - Life Insurance and Investment
PRODUCT LIFE INSURANCE Allianz Syariah - AlliSya Protection, AlliSya Invest & AlliSya Invest Plus
Allianz Syariah - AlliSya Protection, AlliSya Invest & AlliSya Invest Plus
Allianz Syariah is a life insurance product for life long coverage plus an investment scheme to meet your needs for future protection and financial planning according to the Sharia principles.
Allianz offers 3 types of products:
AlliSya Protection
-With this program you are free to choose from various payment modes which are monthly, quarterly, semi-annual or annual.
-The insurance benefits include the Sum Insured and Investment return
Freedom to decide your own premium payment period.
-You can increase with other insurance protection such as accidental benefit, critical illnesses, permanent disability etc.
AlliSya Invest
-The payment of the premium is single.
-The insurance benefit payable is either the Sum Insured or Investment Return, which one is higher.
AlliSya Invest Plus
-Single premium payment
-The insurance benefits are the Sum Insured and the Investment return
-Addition coverage : critical illness, accident and total permanent disability
-Period of Insurance coverage are 5 and 10 years, and renewable
Management of AlliSya Fund
-All or part of the premium will be allocated and calculated in unit, according to the current unit price applicable
-Investment return is calculated from the total unit after substracting all fees
-Unit price is the difference between offering price and buying price, with a difference of 5%
-Unit price could be changed from time to time depending on the fund manager and market conditions
-Unit price is calculated daily and published in the Bisnis Indonesia Daily
Type of Investment
With Unit-linked products, premiums will be allocated in units which you are free to distribute between our 3 unit-linked Funds:
> AlliSya Rupiah Cash Fund
> AlliSya Rupiah Fixed Income Fund
> AlliSya Rupiah Balanced Fund
Allianz offers four funds as your investment opportunity
AlliSya Rupiah Cash Fund
Designed to get a maximum investment return* with fund placements in Rupiah using high-quality short-term investment tools such as time deposit, SWBI, and mutual funds. This investment offers a high-level security and preserves high liquidity by providing investment return.
* Investment returns depend on company investment performance and investment risks.
AlliSya Rupiah Fixed Income Fund
Designed to get an optimum investment return* with fund placements in Rupiah using short and mid-term investment tools such Deposito, SBI, and mutual funds, as well as long-term investment tools like bonds. This investment offers attractive investment gains with high level security and stability.
* Investment returns depend on company investment performance and investment risks.
AlliSya Rupiah Balanced Fund
Designed to get a maximum investment return* with fund placements in Rupiah using an optimum allocation with money market instruments, bonds, stocks and mutual funds. The allocation of funds is determined by Fund Managers and is subject to change on occasion. This offers good long-term investment returns at high risk.
* Investment returns depend on company investment performance and investment risks.
You can add SmartRiders to your basic insurance plan
Allianz SmartRiders
Allianz understands that you need comprehensive protection. Therefore we have designed for you the Allianz SmartRiders. SmartRiders can be added to your basic unit-linked program and complete your and your partners life protections against accidents, critical illness and also medical expenses.
Critical Illness Plus (CI+)
This rider offers protection against 24 critical illnesses. If you are for the first time diagnosed to have one or more of these 24 critical illnesses Allianz will pay 100 % of your sum assured under CI+. Critical illnesses are for example heart attack, stroke, and cancer.
Accidental Death & Disablement Benefit (ADDB)
Nobody expects accidents to happen. But we all know they do happen.
This rider offers you additional coverage for death and disablement caused by accident. Allianz pays 100% - 300% of the sum assured upon accidental death and a certain percentage if inner organs or body parts are defect because of an accident.
Total Permanent Disability (TPD)
24 hours a day Allianz protects you from TPD and pays you 100% of your sum assured in case of TPD. Of course, your basic policy will still continue until the end of insurance time.
Waiver of Premium Plus (WOP+)
This rider offers an additional protection if the life insured is for the first time diagnosed to suffer from one or more of 24 critical illnesses (CI+) and/or has total permanent disability (TPD). In these cases the premium will be waived (canceled) until end of the payment term. There is no limit as to what amount of premium can been waived.
Payor Benefit & Payor Protection
Payor Benefit
Release from obligation to pay premium if a policyholder suffers from total permanent disability or from one or more of 24 critical illnesses.
Payor Protection
Release from obligation to pay premium if policyholder dies due to an accident.
Spouse Payor Benefit & Spouse Payor Protection
Spouse Payor Benefit
Release from obligation to pay premium if the spouse of a policyholder suffers from total permanent disability or from one or more of 24 critical illnesses.
Spouse Payor Protection
Release from obligation to pay premium if the spouse of policyholder dies due to an accident.
Flexi Care
We do not expect to get sick and sickness normally happens without prior notice. While you are doing your activities Allianz protects you from unexpected cash payments for hospital expenses. If the insured one gets sick or suffers an accident that must be taken care of in a hospital, Allianz pays for room expenses, surgery expenses etc. as you can see in table below during a maximum of 180 days per year.
AlliSya Product has been approved by Syariah Supervision Board as recommended by National Board of Syariah – Majelis Ulama Indonesia.
Sharia Insurance
Islamic finance has developed mainly in two directions, namely Islamic banking and Islamic insurance (Takaful or Sharia). While information about Islamic banking is widely available, little is known about the features, models and structures of Takaful, particularly in Indonesia.
All human beings are invariably exposed to the possibility of meeting catastrophes and disasters giving rise to misfortunes and sufferings such as death, loss of limbs, accident, destruction of business or wealth, etc. Notwithstanding the belief of all Muslims in Qadha-o-Qadr, Islam provides that one must find ways and means to avoid such catastrophes and disasters wherever possible, and to minimize his or his family's financial losses should such events occur. One possible solution is to buy insurance cover under the conventional system.
However, an overwhelming majority of Sharia scholars believe that conventional insurance is unlawful due to the involvement of Riba (interest), Maisir (gambling) and Gharar (uncertainty).Takaful, the Islamic alternative to insurance, is based on the concept of social solidarity, cooperation and mutual indemnification of losses of members. It is a pact amongst a group of people who agree to jointly indemnify any loss or damage that they may suffer, out of the fund they donate collectively. This Takaful contract usually involves the concepts of Mudarabah, Tabarru´ (to donate for benefit of others) and mutual sharing of losses with the overall objective of eliminating the element of uncertainty.
Takaful products are available to meet the needs of all sectors of the economy, both at individual as well as corporate levels, and to cater for the short and long term financial needs of various groups of society.
The distinction between the conventional insurance and Takaful business is most visible when looking at investment of funds. While insurance companies invest their funds in interest-based avenues and without any regard for the concept of Halal-o-Haram, Takaful companies undertake only Sharia compliant business and the profits are distributed in accordance with the pre-agreed ratios in the Takaful Agreement. Likewise they share in any surplus or loss from the pool collectively. Takaful system has a built-in mechanism to counter any over-pricing policies of the insurance companies because whatever may be the premium charged, the surplus would normally go back to the participants in proportion to their contributions.
Sharia insurance (Takaful) is a system in which all participants “donate” partially or full contributions used to pay claims filed by several participants. The role of insurer is limited to managing the fund and all administration process.
WHY ALLIANZ LIFE INDONESIA
Our competent Financial Consultants provide suitable life insurance and health insurance products to cater our customers' needs. We are committed to developing the professional skills of our sales force and Allianz will continue to equip all teams with the necessary skills and knowledge to enhance the quality of our customer service.
On the other hand, our Account Executives have the expertise to prepare a thorough analysis on Employee Benefits proposals tailored to meet the different needs of our clients. We provide various products and consultancy services for companies who wish to implement Employee Benefits plan for their employees as well as for their dependants. Programs are designed according to the needs of the company with coverage for life, health and accident insurance as well as funds for retirement provision and annuities.
Our key strength:
A wide range of
customer-tailored
products
Our product range consists of :
Individual Life Insurance, unit linked, syariah insurance
Individual Health Insurance
Bancassurance
Alternative Distribution
Comprehensive Employee Benefits Services: health insurance, pension, savings & protections
With high awareness, financial security, professionalism and state of the art technology, Allianz is your suitable partner to provide you with the protection you need.
MESSAGE FROM THE PRESIDENT DIRECTOR
Dear Visitor,
Welcome to the PT Asuransi Allianz Life Indonesia website! We thank you for your visit and your interest in our company.
Think Global, Act Local
Allianz Life Indonesia is a subsidiary of the Allianz Group, a leading global provider of insurance and financial services with a presence in more than 70 countries and employing over 165,000 staff to serve our 70 million customers worldwide. We are proud to say that the Allianz Group worldwide has exceeded all its 2006 targets, with total revenues exceeding 101 billion Euros.
Allianz Life Indonesia
Allianz Life Indonesia was established on August 16th, 1996. We offer a comprehensive range of Life and Health Insurance products and services along with Employee Benefits products and Pension schemes. We assist both individual and corporate customers in finding solutions to their financial concerns. Allianz Life Indonesia today has a strong market presence with sales increasing remarkable.
Long term commitment
Allianz has always taken a long-term view and commitment in regards of its investments in Asia and more specifically to Indonesia. In the past 10 years our customer base and sales as well as service network has increased substantially.
Today, the number of our customers has amounted to over 365,000 individuals and more than 1000 corporate clients. Our distribution network strengthened in terms of network, presence and partners. Our Allianz Agency is today present in 43 cities throughout Indonesia, from Banda Aceh to Jayapura. We have also strategic bancassurance partnerships with some well-known banks in Indonesia, such as Standard Chartered, Permata Bank, and Bank Danamon. Allianz Life Indonesia has also formed partnerships with PT BUSS.
Moving towards market leadership
Today, Allianz Life Indonesia is entering into a new stage of development, we strive towards market leadership in Indonesia. The company has launched its new vision and goal. Our vision is to be the first choice for customers, business partners and employees. We build long-term relationships based on mutual trust. And we have a new striking goal “2010-ONE”, meaning that The Number ONE Insurance Group in Indonesia by 2010.
Customer Focus
It is our main priority to focus on our customers’ needs and providing them with tailored solutions.
In Indonesia we have developed many products, which suit families, companies and individuals, in their different stages of life and development. Amongst them are our unit-linked based “SMART link product”, our individual Health product named “MaxiViolet” and in January 2006 we have also launched our new Sharia products named “AlliSya”
We are currently implementing with our sister company PT Asuransi Allianz Utama Indonesia the “One-Stop Shopping Concept”, meaning to provide customers and business partners with all Allianz insurance products under one strong brand name, Allianz.
By putting into action the best practice in terms of Customer Focus and Operational Excellence, and with the great support and commitment of our business partners, we will continue to provide our best services to always meet our goal to be the people’s and companies’ “First Choice”.
Warmest regards,
Jens Reisch
President Director
OWNERSHIP
Ownership of PT Asuransi Allianz Life Indonesia as of December 2006:
Allianz Asia Pacific & Africa GmbH : 99.76%
PT Kresna Karya : 0.24%
VISION & GOAL
Allianz Indonesia declared a new vision and new goal:
Vision
Allianz Indonesia is "The First Choice" for customers, business partners and employees. We build long term relationships based on "Mutual Trust".
Goal "2010 ONE"
HISTORY
Who we are
Allianz is one of the largest global providers of insurance, banking and asset management services. Founded in 1890 in Germany, Allianz is a company with a long history and a strong tradition.
Allianz now operates in more than 70 countries all over the world. Allianz serves around 70 million clients around the world. In addition, Allianz provides insurance coverage and its services to almost half of the Fortune 500 companies.
In September 2006, an agreement to merge was signed between Allianz AG and RAS Holding S.p.A. Allianz AG from then on changed its legal form to a Societas Europaea (SE), a European company. Following the registration procedures in Italy and Germany, on October 16, 2006 Allianz SE became the first company registered in the DJ EURO STOXX 50 Index.
In 2006, total revenues Allianz SE amounted to 101.1 billion euros and operating profit amounted to 1.034 billion euros, increased by 29.8 percent from last year. Net income amounted to 7.021 billion euros, increased by 60.3 percent from last year. Total Dividend amounted 3.8 euros per share, increased 90 percent from last year. Third-party assets under management amounted 764 billion euros.
Allianz Life Indonesia
Allianz has been present in Asia Pacific since 1917, when the Group provided fire and marine insurance in the coastal cities of China.
In Indonesia, Allianz first made its presence in 1981 through a representative office, which later became established as a joint venture company in 1989, known as PT Asuransi Allianz Utama Indonesia, a general insurance company. Allianz then expanded into life & health insurance and pension plan in 1996 by establishing PT Asuransi Allianz Life Indonesia.
Allianz products are widely distributed through our trusted business partners such as Allianz Financial Planner Network which are Allianz Agency and PT Buss; our bancassurance partners i.e Standard Chartered Bank, Bank Danamon, and Permata Bank; as well as brokers and account executives.
At present, Allianz Life Indonesia operates over 80 sales offices and outlets located in 43 cities throughout Indonesia from Banda Aceh to Jayapura supported by more than 6,500 agents.
In 2006 Allianz Life Indonesia generated a Gross Written Premium (GWP) of 1,305 Trillion Rupiah and has 2,608 Trillion Rupiah assets under management, serving more than 366.000 policyholders.
In 2007, awarded by Marketing Magazine and Carre - CSSL as the winner of “Service Quality Award 2007” for category Life Insurance Service.