SINARMAS MSIG LIFE AT A GLANCE
Started off to engage on April 14, 1985, as PT Asuransi Jiwa Purnamala Internasional Indonesia (PII) that ran a life insurance business including life insurance business under sharia principle as well as serving as founder and administrator of a pension fund, including in sharia principle.
After changing its name twice - as PT Asuransi Jiwa Eka Life in 1989 and PT Asuransi Jiwa Sinarmas in 2007, PT Asuransi Jiwa Sinarmas MSIG Tbk. also known as Sinarmas MSIG Life - SMiLe) emerged as a joint venture life insurance company equally owned at 50% each by PT Sinar Mas Multiartha Tbk and Japan's insurance powerhouse, Mitsui Sumitomo Insurance Co., Ltd in 2011. July 9, 2019, PT Asuransi Jiwa Sinarmas MSIG Tbk. officially registered on the Indonesia Stock Exchange (IDX) and became a public company with a composition of 80% share ownership by Mitsui Sumitomo Insurance Co., Ltd., 12.5% PT Sinar Mas Multiartha Tbk and 7.5% public.
Sinarmas MSIG Life's operational activities are carried out in 65 service and marketing offices, supported by more than 800 employees and around 8,200 marketers to serve the needs of 1.2 million individual and group customers for numerous protection and investment product solutions at various stages of life.
VISION
- To be the leading service provider in financial planning and protection in Indonesia
MISSION
- To deliver high quality services and customer oriented products through various distribution channels
- To ensure long-term profitability
- To increase shareholder's value and enhance policyholder's trust
- To provide employment opportunities
- To create synergies through mutually beneficial partnerships according to the Company's values and philosophy Asuransi Jiwa Sinarmas MSIG LIFE
Good Corporate Governance
Good Corporate Governance is a complete information framework that includes systems and policies governing asset and risk management to support financial health and achieving the Company's growth goals, compliance with statutory provisions, human resource development, safety and environmental management practices and cultural development Company. Asuransi Jiwa Sinarmas MSIG LIFE
INDIVIDUAL INSURANCE
Power Save
PT Asuransi Jiwa Sinarmas MSIG Tbk. presents Power Save - a protection against the risk of accident as well as multi-purpose investment. The product is highly suitable for you who care about yours and your family future.
BENEFIT
- Total death benefit received due to accident shall be the Sum Assured*) + Policy Value
- Certainty in return on investment with a high rate of returnabove time deposit interest rate.
- Flexibility in determining the choice of investment guarantyperiod (MGI) whereby investment guaranty period optionsinclude 3 months, 6 months, 12 months, and 36 months.
- Flexibility in determining the choice of investment guarantyperiod's maturity date, namely: roll over (extension) of cashvalue or roll over (extension) of premium only and collectingreturn on investment or collecting cash value
- Premium only and take the investment or take cash value.
- Free of withdrawal fees if withdrawals are made when the Investment Guarantee Period is due. *) Maximum sum assured: IDR 1.000.000.000/USD 100.000
Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Multi Invest
It is not impossible to have a profitable short term investment and at the same time, the maximum life protection with SMiLe Multi Invest.
SMiLe Multi Invest understands how valuable your life is.
BENEFIT
- Maximum protection up to 400% of annual premium plus cash value
- Safe and protected throughout the insurance period of 8 years
- Can be complemented with additional insurance (rider)
- Sum assured at 200% of annual premium
- Flexible short-term investment Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Personal Accident
An accident might be unavoidable, but the consequence can be overcome with with SMiLe Personal Accident. This stand-alone protection which may also serve as a rider will accompany you throughout your hospital treatment, suffering physical disability and even death.
- The Insured is entitled for the maximum sum assured of IDR 2,000,000,000 or USD 200,000.
- The amount of sum assured received will vary, depending on the type of risk opted for an accident:
- Risk A
The beneficiary will receive 100% sum assured, if the insured dies within the valid insurance period. - Risk B
If the insured suffers immediate permanently disability or within 90 days afterwards, the insured will receive: - 100% sum assured for total permanent disability
- Varied percentage and not more than 100% sum assured (for partial permanent disability)
- Risk D
The Insured will receive insurance benefit for the medication or treatment cost from physician or hospital, to the amount of maximum 10% of sum assured and not exceeding the sum assured within 1 policy year. Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Medical
Being healthy is inexpensive. You just need to plan it earlier. With SMiLe Medical, undergoing in-patient treatment will be easier. Not only you, we also provide health protection for your other family member. Nothing is surely more wonderful than seeing your loved ones stay healthy?
This product protection provides as charged benefit
The amount of benefit you receive is equivalent to the nominal value written in the medical bill issued by the hospital, in which the maximum amount shall refer to the provisions of the policy.
SMiLe Medical may serve as a rider.
BENEFIT
- Cashless at partner hospitals in Indonesia, Malaysia, and Singapore
- Reimbursement for treatment cost at any hospital worldwide
- Discount 2.5% for the Additional Insured
- Hospital charges reimbursement
- Room charge during in-patient treatment up to IDR 2 million per night
- Surgery
- Specialist physician
- Laboratory examination, etc.
- In-patient treatment for 365 days per annum
- As charged benefit
- Total claim per annum up to IDR 1.9 billion Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Hospital Protection Plus
With SMiLe Hospital Protection Plus, you can enjoy the financial
security for in-patient treatment and take pleasure in the easy
hospital service charge payment by using only one card.
BENEFIT
- Using Provider card (according to the chosen package) as the payment instrument in provider (partner) hospitals.
- Discount 10% for the premium payment of the respective additional insured.
- Entitle to receive the sum assured for in-patient treatment coverage with the equivalent amount as chosen by the main insured.
- In case of being hospitalized due to illness or accident, the insured will receive in-patient daily coverage as stated in the policy provisions. The maximum in-patient treatment period is 180 days for one policy year.
- If the insured has more than one policy which also include in-patient daily coverage, a maximum of IDR 2,000,000 per day or in a currency equal to IDR 2,000,000 per day per hospitalization will be provided. Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Kid Insurance
The future of your child is wide spread with SMiLe Kid Insurance! Since a child is 30 days old, you can already plan the best education for him. Protect your little hero life, prepare for tomorrow's success in achieving your goals!
BENEFIT
- Payment of a short premium of 5 years.
- Stages of education up to children aged 22 years.
- Life protection for children.
- Relief of premiums if parents die or remain permanently disabled. Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Link 88
Get the life protection (passing away due to illness or accident) as
well as the opportunity for flexible investment with SMiLe Link 88.
SMiLe Link 88, minimum risk, maximum profit.
BENEFIT
- 100% sum assured plus the policy value (investment fund value) is payable if the insured passes away within the valid insurance period
- Policy value (investment fund value) is payable if the insured survives until the end of insurance contract period and the insurance is still valid.
- Additional benefit will be provided by taking rider.
- Sum assured:
- Single Premium Payment will receive a minimum sum assured of IDR 15,000,000/USD 1,500 or 125% of basic single premium (whichever amount is greater).
- Regular Premium Payment will receive a minimum sum
assured of IDR 7,500,000/USD 750 or 500% annual basic premium (whichever
amount is greater). Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Link 99
SMiLe Link 99 provides two advantages, namely life coverage due to
accident and non-accident up to 99 years, as well as the development of
investment value that you entrusted us.
- 100% sum assured plus the policy value (investment fund value) is payable if the insured passes away within the valid insurance period.
- Policyholder will receive policy value (investment fund value) if the insured survives until the end of insurance contract period and the insurance is still valid. Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Link Pro 100
Get the life insurance as well as maximum investment feature from SMiLe Link Pro 100 to build a bright future that you dreamed of !
BENEFIT
- Life insurance 100%
- Cash value at the age of 100 year old
- Premium payment only IDR 1.5 million per month
- Optimum investment yields Asuransi Jiwa Sinarmas MSIG LIFE
SMiLe Link ProAsset
SMiLe Link ProAsset does not only provide life protection, but also assists you in planning the future through profitable investment feature.
BENEFIT
- Life protection for a lifetime
- Protection against death, up to 200%
- Cash value at the age of 100 year old
- 100% investment fund allocation
- Pay once and gain multiple yields Asuransi Jiwa Sinarmas MSIG LFIE
Traditional Sharia Insurance
Power Save Syariah
The Sharia Business Unit of Asuransi Jiwa Sinarmas MSIG presents Power Save Syariah. Marketed by the Sharia Business Unit of Bank Sinarmas, Power Save Syariah is an investment product combined with life protection against the risk of accidents and very suitable for you who care about your family.
Power Save Syariah may also serve as a saving instrument since you will not only get the protection, but also get the cash reserve which can be used any time for your loved ones.
BENEFIT
- Contribution from only IDR 5 million
- Personal Accident Protection
- Investment growth at 6% per annum
- Investment Projection Period from 1 month Asuransi Jiwa Sinarmas MSIG LIFE
SHARIA UNIT LINK INSURANCE
Through SMiLe Link 88 Syariah, collect the blessings for your family through life protection, both due to accident or otherwise, complimented with the investment with maximum yields.
BENEFIT
- If the participant passes away within the valid insurance period, the appointed party will receive the insurance benefit and policy value (investment fund value).
- If the participant survives until the end of insurance contract, the policyholder will receive the policy value (investment fund value).
- Additional benefit will be provided if a rider has been taken
- Insurance coverage:
- Single contribution payment will receive a minimum insurance benefit of IDR 15,000,000/USD 1,500 or 125% of basic single contribution (whichever amount is greater).
- Regular contribution payment will receive a minimum
insurance benefit of IDR 7,500,000/USD 750 or 500% annual basic
contribution (whichever amount is greater). Asuransi Jiwa Sinarmas MSIG LIFE
