| Definition |
CommLink Premier is a unit link insurance product that combines investment and life insurance. Optimal investment returns and widely diversified risks are achieved through regular premium payments and the fund-on-fund concept |
| Benefits |
- Investment done based on the fund-on-fund concept, where funds are allocated to several profitable mutual funds maintained by investment managers. Therefore, investment returns will be more optimal, and risks are widely diversified
- Flexible facilities, which are Top Up, Wthdrawal, and Switching
- Life insurance benefits caused by accident/any other causes and terminal illness insurance if the beneficiary is diagnosed with an incurable illness
- Lifetime insurance benefits, which are 100% amount insured (5x base annual premium) and investment value given in case of accident of death due to any cause
- Terminal Illness benefits, given if the beneficiary is diagnosed with an incurable disease and cannot survive for more than 12 months (with medical evidence), which are 50% from the single premium
- Interim Cover benefits, which are coverage for accident if the plan is still under the approval process at Commonwealth Life
- 3 options to allocate investments (conservative, moderate, or aggresive), which are adjusted according to customers' risk profiles and actively maintained based on the fund-on-fund concept
- Flexibility to do Top Up (added investment), Switching (investment allocation), and Withdrawal (partial)
- FREE switching fees up to four times in a year
- Premium postponement after the 2nd year
- FREE switching fees up to four times in a year
- Free of administration and insurance fee for the 1st year
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INVESTMENT ALLOCATIONS
| Year |
Allocation |
Acquisition Fee |
| 1 |
20 % |
80 % |
| 2 |
50 % |
50 % |
| 3 |
80 % |
20 % |
| 4 |
85 % |
15 % |
| 5 |
85 % |
15 % |
| 6 and so on |
100 % |
0 % |
ADDITIONAL COVERAGES
- COMM ADDB(Accidental Death & Dismemberment Benefit)
Coverage for the risks of death and disability due to accident
- COMMADB (Accidental Death benefit)
Coverage for accident risks
- COMM CrisisCover 30
Coverage for 30 chronically classified diseases
- COMMDisability
Coverage for total permanent disability
- COMMWaiver
Waives premium payments if the beneficiary experiences total permanent disability or is diagnosed with a chronically classified disease
- COMMSpouse
Premium waiver for an eligible spouse in the events of death, total permanent disability, or a chronically classified disease
- COMMPayor
Premium waiver if the payer experiences death, total permanent disability, or a chronically classified disease
- COMMPayorPlus
Premium waiver if the payer’s spouse experiences death, total permanent disability, or a chronically classified disease
- COMMMedika
Reimbursements for in-patient care, ICU, surgeries, pre, and post in-patient care
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Branch & ATM |
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Jakarta
Surabaya
Bandung
Bali
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Madiun
Malang
Jogjakarta
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Pasuruan
Palembang
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Samarinda
Makassar
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Lampung
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Padang
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CBA Group |
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-- Choose One --
Commonwealth Bank of Australia
ASB Bank
Commonwealth Life
Commonwealth Bank Vietnam
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