Heaptalk, Jakarta – Allianz Life and HSBC Bank launch Premier legacy Assurance devoted to HSBC’s premier consumers in Indonesia. The whole life traditional life assurance is claimed to provide solution to support the transfer of wealth to the customers’ future generations.
The Country Manager and President Director of Allianz Life Indonesia Alexander Grenz, during the Launch of Allianz Life x HSBC Premier Legacy Assurance (04/18), stated, “In order to make sure that we can secure the future of the next generation of our beloved ones, we try to be there for all the customers, help them increasing their wealth and also passing on wealth to the next generations. So, HSBC and Allianz have generated a new solution, Premiere Legacy Insurance.”
Grenz added that this new innovation functions to pass on wealth to the customers’ new generation which is evidently needed in this country. He claimed that this product is affordable for the young generation who tend to plan early and also for those who have an imminent need to pass on wealth.
Attending the press conference, President Director of HSBC Indonesia Francois de Maricourt voiced, “We are extremely excited to launch the new product in partnership with Allianz, Premiere Legacy Insurance. We aim to optimize legacy planning for premier customers. This collaboration with Allianz really helps to transfer the wealth to the next generation. We understand that legacy is not just about numbers, it is about creating the bridge to the future.”
Premier Legacy Assurance targets affluent customers and also high net worth individuals. This inheritance insurance product intends to maximize inheritance planning with various profitable advantages, such as the Sum Assured Booster Benefit in the form of an addition of 20% of the Sum Assured for every 5 policy years.
The maximum additional sum assured that customers can obtain is 200% of the initial sum assured, therefore the total sum insured is up to 300% which includes additional sum assured from the booster benefit. This sum assured is designed to meet the customers need who want to leave the sum insured as a larger legacy to the next generation.
Moreover, customers will receive benefits according to the amount stated in the policy, which can reach 300% of the sum insured. This provision includes an increase in the sum insured from booster benefits. In addition, this product offers flexibility tailored to customer preferences, allowing them to choose the premium payment term that best suits their needs. Customers can choose the premium payment period, namely Single Basic Premium or Periodic Basic Premium for 3 years with an insurance period up to the insured’s age of 100 years.
