Allianz Life and Bank QNB Indonesia Offer Allianz Life Income Assurance: A Solution for Financial Stability in Times of Economic Volatility
Jakarta, 15 January 2026 – PT Asuransi Allianz Life Indonesia (Allianz Life) together with PT Bank QNB Indonesia Tbk (Bank QNB Indonesia) introduced Allianz Life Income Assurance, a life insurance solution with guaranteed cash benefits, specifically designed for Bank QNB Indonesia customers. This product provides a combination of life protection and a certain income stream that will be received periodically.
Ancilla Lily, Country Chief Bancassurance Officer of Allianz Life Indonesia, stated, “These economic challenges have encouraged Allianz Life to continue ensuring financial security for all of our customers and partners. As a company that plays a significant role in securing customers’ financial planning, Allianz Life remains committed to offering relevant, adaptive, and sustainable financial protection and planning solutions so that customers can maintain their quality of life amid inflation and continue to move forward with confidence — one of which is through the presence of Allianz Life Income Assurance for Bank QNB Indonesia customers.”
Allianz Life Income Assurance is designed as a traditional endowment insurance product that combines protection solution with a guaranteed future financial plan, providing maximum life insurance coverage alongside guaranteed annual cash benefits. The underwriting process to assess the insured’s risk is straightforward through a Guaranteed Issue Offer (GIO). Customers only need to submit a health declaration in the Life Insurance Application Form (SPAJ), with no medical checkup required, for a Sum Assured of up to IDR 3 billion.
With fixed annual premiums for five years, customers can enjoy multiple benefits in a single product. The insured will receive death benefit protection for a 10-year period, with a total sum assured of 102% of the total premiums paid in the first two years, and 120% of total premiums paid after two years. For accidental death, the insured will receive an additional 100% of the death benefit sum assured within the 10-year coverage period.
In addition to life protection benefits, customers will also receive guaranteed annual cash of 8% of total premiums paid at the end of each policy year through the end of the 9th policy year. Furthermore, at the end of the coverage period, customers will receive 110% of total premiums paid, if the insured is still alive and the policy remains active. The range of financial protection benefits offered by Allianz Life and Bank QNB Indonesia helps ensure customers’ financial preparedness amid rising living costs (inflation), allowing families to continue their long-term plans and enjoy greater comfort.
Grace Luzar, Head of Retail Banking at PT Bank QNB Indonesia Tbk, added that this collaboration is part of Bank QNB Indonesia’s commitment to supporting customers in planning their finances sustainably.
“Bank QNB Indonesia understands that amid economic dynamics, customers need solutions that not only provide protection but also ensure income certainty. The presence of Allianz Life Income Assurance is part of our effort to offer more structured, stable, and relevant financial planning solutions tailored to the needs of Bank QNB Indonesia customers, helping them maintain income continuity and financial protection. Bank QNB Indonesia remains committed to supporting customers on their financial journey. Backed by the strength of QNB Group, the largest financial institution in the Middle East and Africa, we continue to dedicate ourselves to growing alongside our customers and supporting them in managing their finances,” said Grace.
