Allianz Life Secure PINTAR, a Solution to Overcome the New Year’s Education Cost Inflation for Bank QNB Indonesia’s Customers
17 December 2024 – Continuing the strategic partnership that has been established since 2020, PT Asuransi Allianz Life Indonesia (Allianz Life Indonesia) and PT Bank QNB Indonesia Tbk (Bank QNB Indonesia) once again provide a new financial protection innovation, Allianz Life Secure PINTAR, for the preparation of children's education funds, which are also equipped with life insurance protection.
The priority for every family is to prepare the best for their children’s future. To ensure purposeful and thorough preparation, education is an important factor to ensure one's quality of life is maintained despite challenges such as the trend of education costs increasing every year. According to OJK's official website, the cost of education has increased by 10-15% every year. This data is only an average calculation, and the hike of education costs might vary depending on the category of the chosen school.
“Responding to these risks and challenges, Allianz Life Indonesia has a strong commitment to continue to provide a variety of solutions and services to support every family to achieve financial plans, according to their priorities. Allianz Life Secure PINTAR is the right solution to answer the challenges of tuition inflation and ensure the quality of life of our banking partners' customers can be maintained through the available benefits,” said Ancilla Lily, Country Chief Bancassurance Officer of Allianz Life Indonesia.
For customers of Bank QNB Indonesia, Allianz Life Secure PINTAR is now available as a protection solution for the future of children's education plans. This product is a traditional life insurance policy with a protection period of 10 years, offering benefits for death, accidental death, or education funds at the end of the contract. Applying for the Allianz Life Secure PINTAR policy does not require any special health examination for coverage amounts up to IDR 10 billion or USD 770,000.
With this protection solution, if the insured dies within 2 policy years, the death benefit is 105% of the total premium paid. Meanwhile, if the insured dies after 2 policy years, the death benefit will be the same as the sum insured. For the risk of death due to an accident, the benefit received is double the death benefit, which is 105% plus 105% of the total premium paid if the insured dies within 2 policy years or 100% plus 100% of the sum insured if the insured dies after 2 policy years as stated in the policy data.
Allianz Life Secure PINTAR also provides education fund benefits, if the insured is still alive until the end date of coverage stated in the policy data. Customers can enjoy education fund amounting to 100% of the sum insured as the final contract benefit.
Some of the benefits of this product provide protection and financial planning solutions for children's education funding needs with a choice of single or regular premium payments as well as various options of Allianz funds in IDR and USD that can be chosen based on needs.
“Bank QNB Indonesia strives to continuously innovate in providing added-value financial products and services to customers. Through a partnership with Allianz Life Indonesia, today we launched the Allianz Life Secure PINTAR product at the Customer Gathering event carrying theme of 'Wealth Creation: Secure Your Future'. This product offers choices of solution related to education funds for the future that will provide a sense of security for customers in protecting their wealth and preparing legacies for families, especially for children. This is in line with the Bank's long-term commitment to accompany customers at every stage of life,” concluded Grace Luzar, Head of Retail Banking PT Bank QNB Indonesia Tbk.
