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Premier Legacy Assurance: A solution for family financial inheritance
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nsurance provider PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (“HSBC Indonesia”) further strengthen their partnership and bancassurance distribution channel by launching Premier Legacy Assurance, a traditional whole life insurance product targeting affluent and high net worth individuals.
This legacy insurance product aims to maximize inheritance planning with various beneficial features such as the Booster Benefit, which provides a 20 percent increase in the sum assured every 5 years of the policy term. Customers can get a maximum increase of 200 percent of the initial sum assured, resulting in a total sum assured of up to 300 percent, including the sum assured increase from the Booster Benefit. This sum assured is designed to meet the needs of customers who wish to leave a larger sum assured as inheritance for their future generations.
Another advantage of this product is the End of Contract Benefit. Customers can enjoy a benefit equal to the amount stated in their policy, extending up to a maximum total of 300 percent of the sum assured. This provision encompasses any sum assured increase from the Booster Benefit, ensuring comprehensive coverage. Furthermore, this product boasts flexibility tailored to customers' preferences, allowing them to select the Premium Payment Term that best suits their needs. Choose between a Single Basic Premium or a Regular Basic Premium for a period of 3 years, with an Insurance Term extending up to the Insured's age of 100.
"This year, HSBC is celebrating our 140th anniversary in Indonesia. We have always been committed to providing the best services and solutions for our corporate and retail customers, throughout our journey in Indonesia. Therefore, together with Allianz Life, we are delighted to launch Premier Legacy Assurance for our Premier customers,” said HSBC Indonesia President Director Francois de Maricourt.
According to Lanny Hendra, Wealth, and Personal Banking Director of HSBC Indonesia, “Premier Legacy Assurance is the answer of HSBC Premier customers’ desire to augment their inheritance beyond their current assets. As the Best Wealth Manager in Indonesia, according to The Triple A for 6 consecutive years, it is paramount for HSBC Indonesia to consistently cater the wealth management needs of our Premier customers by providing relevant and comprehensive solutions."
Source: HSBC
