Public Insurance

Superior Term is a term life insurance program that provides protection during the contract period (maximum up to 65 years) with a fixed premium or often referred to as pure insurance.

Special Benefits of term life policy is still valid can be converted to a range of life insurance that has a savings element without having to make a doctor’s examination provided the sum insured (initial risk) is not greater and age is still within acceptable limits. If the conversion performed in 5 (five) years of the first term of the policy and enactment of policies not yet expired, premium rates of the new program will be based at the early age of the insured.

*) If the conversion is done after the fifth year but before the expiration of the tenth year Term Life policy and enactment of policy has not ended, then the premium rates charged are based on the age of the insured when applying for conversion.

After the policy runs more than 10 (ten) years, Term Life policy can not be converted.

*) There is a possibility of shortage of premium payments from the new program.

At the end of insurance period, the program can be extended automatically, without going through the underwriting process continued as long as premiums are paid on time, sum (initial risk) does not get bigger, the new insurance period not longer than the original insurance period and age is still within the limits acceptable. Premium rates used are based on the age of the insured and the premium table applies when an extension done.

PROTECTION
Died in the insurance claim, will receive compensation amounting to 100% Sum Assured