14 Recommendations for the Best Life Insurance in Indonesia

Here is information about several recommendations about the Best Life Insurance in Indonesia

Queenews.com – Life insurance has a different function from health insurance, namely as a financial solution for abandoned families.

According to the results of data analysis managed by the Insurance Media Research Institute (LRMA), there are several lists of the best life insurance companies registered with the OJK.

Financial protection from the best life insurance will provide family and heirs with coverage in the form of cash compensation if the insured loses their job, has an accident, or dies.

There are several reputable life insurance companies in Indonesia that offer a wide range of coverage options. Here are some of the best ones:

1. Allianz

Allianz Indonesia is one of the largest and most trusted insurance companies in the country. They offer various life insurance products, including term life, whole life, and investment-linked plans.

2. Prudential

Prudential Indonesia is another well-established insurance provider, offering a comprehensive range of life insurance plans. They have a strong reputation for customer service and competitive coverage options.

Prudential life insurance products such as New Generation PRULink provide a minimum UP of IDR 200 million plus an additional 100 percent of the basic UP if the insured dies before the age of 70.

You are also free to choose investment instruments according to your financial goals. Not only that, you can also get a variety of additional benefits or rider options.

3. Manulife

Manulife Indonesia offers a diverse range of life insurance policies, including term life, whole life, and investment-linked plans. They are known for their flexible coverage options and excellent customer service.

Manulife excels with its Essential Assurance policy, which covers customers up to 99 years old.

Apart from that, this policy from Manulife also provides cash value benefits and a 100 percent return of the insured amount at the end of the policy.

Not only that, the death compensation provided by Essential Assurance is also very high, namely up to IDR 2.5 billion.

4. AXA Mandiri

AXA Mandiri is a joint venture between AXA Group and Bank Mandiri, offering a wide range of life insurance products. They provide various coverage options to meet different needs and budgets.

5. Sun Life Financial

Sun Life Financial is a global insurance company with a strong presence in Indonesia. They offer a comprehensive range of life insurance plans, including traditional and unit-linked policies.

Sun Life Financial presents the best life insurance products in Indonesia through Sun Proteksi Jiwa.

UP is high, up to IDR 2.1 billion, but the premium is affordable. You can also add critical illness insurance benefits.

With premiums starting at IDR 4 million per year, there is a choice of very flexible protection periods of 1, 10, or 20 years.

6. AIA Financial

AIA Financial is one of the leading insurance companies in Indonesia. They offer a range of life insurance products, including term life, whole life, and investment-linked plans.

7. Avrist Assurance

Avrist Assurance is a trusted insurance company in Indonesia, offering different types of life insurance policies to protect individuals and families financially.

8. Simas Jiwa

The life insurance policy from Simas Jiwa, namely SIJI Guard 4, is classified as the best life insurance ranking choice in 2020 for the best pure insurance.

This is because the policy covers the customer’s entry age up to 69 years. In fact, other insurance usually only covers customers up to 50 years old.

Apart from the risk of death, the coverage is also complete, whether due to accidents, death, or permanent disability compensation.

9. Ciputra Life

Through the Citra Guarantee Surely 50 policy, the Ciputra Life Insurance Company provides a premium return benefit of 160 percent in the 20th year.

Apart from that, customers can also get compensation benefits for deaths due to accidents of up to IDR 100 million and illnesses of up to IDR 50 million.

10. Sequis Life

Another of the best life insurance companies in Indonesia that could be your next choice is Sequis Life.

Life insurance products from this company have coverage benefits up to a lifetime. Not only that, the company also offers insurance coverage of up to IDR 1 billion.

11. Heksa Solution Insurance

PT Heksa Solution Insurance, which is supervised by the OJK, also offers life insurance products with quite complete benefits.

One of the products offered by this company also covers up to 99 years of age and has a no-claim bonus benefit when there are no claims until the end of the policy.

12. Star Investama

Another good life insurance company that could be an option is Star Investama.

This company is quite superior with life insurance products because it has the benefit of a sum assured (UP) of up to 125 percent and guarantees against the risk of COVID-19.

13. CAR Life

Central Asia Raya Life Insurance, better known as CAR Life, also offers various life insurance products that you can choose from.

The life insurance policy from this company is quite superior because it provides death compensation of up to IDR 200 million.

Not only that, the child scholarship benefit of up to 570% of the sum insured (UP) is another advantage.

14. Chubb Life Insurance

Chubb Life Insurance is also a life insurance company that has obtained a Financial Services Authority (OJK) business license.

One of the company’s superior products is Extra Cash Back Protection Life Insurance, which provides premium return benefits of up to 100 percent in the 10th year.

It’s important to note that the best life insurance company for you may vary depending on your individual needs and preferences. It is advisable to compare and evaluate different insurers based on factors such as coverage options, customer service, financial stability, and premium affordability before making a decision.

So, make sure your family is protected financially with life insurance.***

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