Mengenai Produk
iDEAL is a unit-linked life insurance product with a regular premium payment system issued by PT Asuransi Jiwa Generali Indonesia (“Generali”) and marketed exclusively by Bank Mestika. iDEAL provides a wide selection of riders and is equipped with Auto Risks Management System (“ARMS”) that serves to minimize the financial risks that may occur due to market movements.
Insurance Benefits
Generali provide protection and benefits as shown below. Description of protection and these benefits do not cover the overall protection afforded by iDEAL. You should read the Policy book and Policy Schedule to know the details of the protection and benefits available, limitations, exclusions, and terms and conditions that apply
Death Benefit
If the insured dies during the Insurance Period and Policy in an active state, 100% of Sum Assured plus the Fund Value (if any) shall be payable upon death of the Insured after deduction of fees (if any).
If the Insured’s age is 1 to 5 years old, then the Lien Clause applies:
| Age Upon Death |
benefit Payable |
| 1 year old | 20% |
| 2 years old | 40% |
| 3 years old | 60% |
| 4 years old | 80% |
| older than 5 years old | 100% |
Maturity Benefit
If the Insured survives at the end of Insurance Period, then the Fund Value (if any) will be paid.
Riders
iDEAL could be equipped with the following riders below:
| TPD-PLAN(Total Permanent Disability) | Protection against the risk of Total and Permanent Disability |
| ADB-PLAN(Accidental Death Benefit) | Protection against the risk of Accidental
Death |
| CI Add-PLAN(Critical Illness Additional) | Protection against 36 critical conditions
without reducing the basic Sum Assured |
| Health-PLAN | Additional benefit of daily allowance for hospitalization |
| WoP-PLAN*(Waiver of Premium) | Waiver of Premium due to 36 critical
conditions |
| Survivor-PLAN* | Waiver of Premium due to Death |
*This rider is also available for Parents or Spouse of the Insure
Funds Available
| Fund Namei | Investment Instrument | Composition | Target
Composition |
| Generali Money Market IV |
Deposito Berjangka
Certificate of Deposit
Bank Indonesia Certificate
Bonds with <1 maturity period
Commercial Paper
| 100% | 100% |
| Generali Fixed Income IV | Bonds
Money Market | 0%-100%
0%-100% | 95%
5% |
| Generali Equity IV/td> | Equity
Money Market | 0%-100%
0%-100% | 95%
5% |
Auto Risks Management System
Generali Indonesia has invented a risk management system that works automatically. This system is called Automatic Risks Management System (ARMS). ARMS combines several risks management method that runs automatically. This method comprised of:
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Auto Balancing
This feature is functioned to keep the investment portfolio asset composition in line with the investor’s risk profile automatically and consistently from time to time. This is conducted by selling or buying each asset in a Portfolio when each proportion changes outside the predetermined composition set by the investor.
The interesting part from Auto Balancing is that investors will consistently buy certain asset when its price is low and sell it when its price is high. This is done by selling the outperforming asset and buying the underperforming asset simultaneously when the portfolio composition change outside the limit set by investor or in the other word, Buy Low-Sell High Principle occurs consistently. This is done simultaneously when the portfolio composition change outside the limit set by investor. With Auto Balancing, the movement of price of each investment asset will be monitored daily. Also, the process as mentioned will be enforced according to investor’s tolerance limit consistently and continuously.
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Auto Trading
This feature is functioned to automatically monitor and maintain the investment portfolio performance to be accordingly and consistently with the investor’s investment goal from time to time. After achieving the growth target, investors should realize their profit (profit taking). On the contrary, when the investment declines exceeding a tolerable limit, investors need to exit the market to prevent further loss (cut loss). With Auto Trading, profit taking or cut loss works automatically.
Profit Climbing is a feature developed as an alternative to Profit Taking. This feature helps investor to avoid making premature profit realization while the market could grow higher. This concept can be as an analogy of a person climbing upon a stairway in which each stairs has its safety net under it. This person will have no worries of falling down when stepping up. When this person falls from any stair, a safety net is already there to keep him/her safe from hitting the ground floor.
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Auto Re-Entry
It is one feature that is embedded in Auto-Trading that functioned to re-invest automatically all investment result that has been realized or secured according to risk profile and investment goal of the investor.
After Existing the market, due to profit taking or cut loss, an investor must determine the time when he/she will re-enter the market. The best timing to do this is when the price of his previously owned investment instrument is cheaper.
This is done by monitoring its’ price movement after the investor is out of the market. Once the price decreases to a predetermined level, the investor should re-invest in to the market. With Auto Re-Entry, this investment process works automatically.
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Bounce Back
Bounce Back is a feature of investment in facilities that serve to reallocate investment value has been realized and / or secured automatically via the Auto Trading, on the allocation of investment fund type specified by the customer, in a certain period and the parameters are determined by Generali Indonesia.
Bounce Back feature the functions similar to the Auto Re- Entry feature, the difference lies in the value of investment allocation parameters, where the Auto Re-Entry using the parameters specified by the customer, while Bounce Back uses certain parameters specified by the Generali Indonesia Investment Professionals Team and recommendations based on the investment professionals research team. In this case, when this parameter produces a signal indicating that market price has entered a trend of increasing investment, the investment fund will be re-allocated according to the composition before Auto Trading triggered.
