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COMMLink Premier



Regular Premium Unit link product from Commonwealth Life in Indonesian Rupiah

COMMLink Premier is a unit link insurance product that combine investment and protection. Premium mode is regular premium where funds are invested with the fund-on-fund concept at selected and profitable mutual funds.

FEATURE

  • Optimum Investment Results as funds are actively managed by a professional investment manager and invested in several mutual funds that perform well in the stock market.
  • Interim Cover benefit which provides sum assured payable due to accident if policy is under approval process.
  • Premium holiday after 2nd year of policy birthday.
  • Free switching fee up to 4 times per year.
  • Free administration fee and cost of insurance for the first year.
  • Protection until 99 years old
BENEFIT
  • Sum assured of 5 x annual premium is payable due to death cause by sickness and accident. In addition, fund value is added to the amount.
  • 50% of sum assured is payable due life insured is diagnose by Terminal Illness and survive more than 12 months after diagnose date.
  • Option of investment allocations that adjusted to the customers risk profile and actively managed through the concept of fund on fund.

RISK
  • Market Risk / Unit Price Reduction Risk
    Market risk is the risk of losses impositions arising from movements in market prices.
REQUIREMENTS & PROCEDURES
  • Policy Holder Age 21 – 70 years
  • Have Commonwealth Bank Account
  • Fill out Application Form
  • Copy Customers Identification
  • Other Supporting Documents

Should you require further information, please contact our 24 hours Call Commbank in 5000-30 or (area code) 5000-30 from mobile or visit our nearest branch.

FEE AND CHARGES
  • Insurance Fee
    According to age and sum of insured (will be charged start on 2nd year), Free for first year
  • Administration Fee
    IDR 27,500 / month, Free for first year
  • Entry Fee
    3% from Top Up Premium
  • Fund Manager Fee
    2.5% per year from Investment Value
  • Top Up Fee
    3% x Top Up Premium
  • Switching Fee
    > 4x switching in 1 year = 0.5% from switching value
  • Withdrawal Fee
    2% (only in first year)
  • Redemption Fee
    2% (only in first year)
  • Tax
    20% from investment growth (until 3rd year)

DISCLAIMER
The insurance product issued by PT Commonwealth Life and referenced / recommended by PT Bank Commonwealth (Commonwealth Bank) to its customer. This product is not issued by Commonwealth Bank consequently Commonwealth Bank doesn’t responsible for any obligation and doesn’t provide any assurance of this insurance product. This insurance product and the fund is not included in Deposit Guarantee Program of Government of Republic Indonesia (Lembaga Penjamin Simpanan). Commonwealth Bank also not undertakes for any risk of the Insurance Policy issued by PT Commonwealth Life in related to the insurance product. The Commonwealth Bank’s logo usage is entirely for cooperation reason between Commonwealth Bank and PT Commonwealth Life in regard to the marketing process of the Insurance Product. Commonwealth Bank is neither an agent of PT Commonwealth Life nor a broker of Commonwealth Bank customers. The fund placed will not be included in and / or not will be secured by a deposit guarantee program by LPS.

 
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