The options for endowment life insurance have expanded for\nindividuals looking to prepare funds for various long-term needs. BCA\nLife, in collaboration with BCA, is marketing Value Income Assurance\n(VALUE+), a product featuring a 20-year coverage period and end-of-term\nbenefits of up to 1,790 per cent of the annualised basic insurance\npremium.<\/p>\n
VALUE+ offers two distinct options: Plan Boost and Plan Core. Plan\nBoost provides periodic cash benefits of up to 25 per cent of the\nannualised basic insurance premium after the premium payment period\nends, whereas Plan Core offers a larger lump-sum cash benefit at the end\nof the coverage period.<\/p>\n
Customers can choose between premium payment periods of five or 10\nyears and select either Indonesian Rupiah or US Dollars as the currency.\nThe product also offers death benefits of up to 150 per cent of the\ntotal basic insurance premiums paid, with policy applications requiring\nno medical examination.<\/p>\n
Eva Agrayani, President Director and CEO of BCA Life, stated that the\nproduct is aimed at customers with varying financial requirements. She\nhighlighted the end-of-term benefit as one of the primary features of\nVALUE+.<\/p>\n
\u201cBCA Life understands that everyone has different financial\nconditions, yet everyone shares one common need: certainty in preparing\nfor the future. VALUE+ offers end-of-term benefits of up to 1,790 per\ncent of the annualised basic insurance premium,\u201d Eva said in a press\nrelease on Wednesday.<\/p>\n
BCA Director Haryanto T. Budiman noted that the partnership with BCA\nLife is part of the ongoing development of financial product options for\ncustomers. The product will be marketed through BCA Life financial\nadvisors at BCA branch offices.<\/p>\n
The benefit amounts mentioned by the company refer to the annualised\nbasic insurance premium, while the death benefit refers to the total\nbasic insurance premiums paid. Prospective customers are advised to\ncarefully note the difference in these calculation bases when comparing\nthe two plan options to ensure they align with their financial\nneeds.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bca-life-partners-with-bca-to-market-endowment-insurance-1790758779", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }