PRODUCTLife Insurance

Life insurance in Indonesia provides financial protection and peace of mind to individuals and families by ensuring monetary support in the event of death, disability, or other specified risks. The range of life insurance products available caters to various financial goals, including income replacement, investment, and wealth preservation.

Below are the key Life Insurance products:

Term Life Insurance
- Purpose :
  Provides financial security to beneficiaries for a specified period in case of the insured’s death.
- Coverage :
  - Death benefit payout to designated beneficiaries.
  - Optional riders for accidental death or disability.
- Application :
  - Ideal for individuals seeking affordable protection for a set duration (e.g., 10, 20, or 30 years).
  - Commonly used for mortgage protection or to secure dependents’ future during critical financial periods.

Whole Life Insurance
- Purpose :
  Offers lifelong protection with an added cash value component.
- Coverage :
  - Guaranteed death benefit.
  - Cash value accumulation accessible through loans or withdrawals.
- Application :
  - Suitable for individuals seeking permanent coverage and a savings element.
  - Often used for estate planning or as a wealth transfer tool.

Endowment Insurance
- Purpose :
  Combines life protection with savings for future financial goals.
- Coverage :
  - Death benefit during the policy term.
  - Lump sum payout at the end of the policy term if the insured survives.
- Application :
  Useful for achieving financial milestones, such as funding education, weddings, or retirement.

Unit-Linked Insurance Plan (ULIP)
- Purpose :
  Integrates life protection with investment opportunities, allowing policyholders to grow their wealth.
- Coverage :
  - Death benefit or fund value payout, whichever is higher.
  - Investment in various asset classes (equity, bonds, etc.).
- Application :
  - Ideal for individuals seeking life insurance combined with long-term investment growth.
  - Popular among younger policyholders with higher risk tolerance.

Credit Life Insurance
- Purpose :
  Ensures that outstanding debts (e.g., loans or mortgages) are covered in the event of the borrower’s death.
- Coverage :
  Repayment of the insured’s remaining loan balance.
- Application :
  Commonly required by lenders for personal, home, or vehicle loans.

Group Life Insurance
- Purpose :
  Provides life protection for a group of individuals, typically employees or members of an organization.
- Coverage :
  - Death benefit for employees or members.
  - Additional benefits such as accidental death or disability coverage.
- Application :
  Used by employers or organizations as part of employee benefits packages.

Critical Illness Life Insurance
- Purpose :
  Offers financial support upon diagnosis of specified critical illnesses.
- Coverage :
  Lump sum payment upon diagnosis of covered illnesses (e.g., cancer, heart attack, stroke).
- Application :
  Ideal for individuals looking for additional financial protection against medical expenses and loss of income due to critical illnesses.

Annuity Plans
- Purpose :
  Provides a steady stream of income post-retirement, ensuring financial security in old age.
- Coverage :
  Guaranteed periodic payments (monthly, quarterly, or annually).
- Application :
  Suitable for individuals seeking to secure retirement income and manage longevity risk.

Joint Life Insurance
- Purpose :
  Covers two lives under a single policy, typically for couples or business partners.
- Coverage :
  Death benefit paid upon the first death or the second death, depending on the policy type.
- Application :
  Popular among couples planning for financial security or business partners ensuring continuity.

Microinsurance (Asuransi Mikro)
- Purpose :
  Offers affordable life insurance to low-income groups.
- Coverage :
  Basic death benefit with minimal premiums.
- Application :
  Designed for individuals with limited access to traditional insurance products.

PT. Tala Reinsurance Brokers

Graha Mustika Ratu, 6th Floor
Jl. Gatot Subroto Kav. 74-75
Jakarta 12870

+6221 830 6663

+6221 830 6662

talare@tala-re.com wearetalare