MITRA BEASISWA

Provides child protection and funds education from kindergarten through to university. (IDR)

Every parent dreams of a bright future for their children, and nothing gives them a better start than a good education. Many parents however are concerned that skyrocketing school fees will put good education beyond the reach of their children, and worry what might happen to their children's future if something happens to them.

Mitra Beasiswa is AJB Bumiputera 1912's Rupiah-denominated Scholarship Partner program that ensures a child's education is fully financed, from kindergarten right through to university, regardless of changing financial circumstances.

Mitra Beasiswa is designed specifically to become your child's partner in education, ensuring your children regularly receive the money they need to continue their studies. The children's future is also protected as the plan is designed to ensure they continue to receive their scholarship fund until their education is complete, even if parents pass away.

Multi Benefits

Through the Mitra Beasiswa, the benefits you will gain include:

a. Continuous Study Fund (DKB) paid gradually, according to the child's age, whether the insured is alive or passed away.
b. Child Scholarship Fund, paid when the insurance period expires, whether the insured is alive or passed away.
c. Consolation money equal to 100% of Sum Assured
d. Free premium for policy in which the insured passes away.
e. Return of deposit premium for policy when the insured passes away if the premium is paid in lumpsum after the premium due is calculated.
f. The right to gain the Reversionary Bonus, if the insured passes away, the policy is redeemed, or the contract expires.

Eligibility
If you are 21 years or already married, you are entitled to become a Policyholder. The Policyholder is not necessarily the insured, but between the Policyholder and Insured, there must be insurable interest - husband and wife and legitimate children.

The Insurance period shall be a minimum 2 years and a maximum 17 years. The Premium is paid in Rupiah currency, and may be paid in lumpsum, annually, semiannually, or quarterly.

Insurance may be gained with or without a medical check-up, or without a medical check-up. The observation term for liability without medical check-up (non medical) is 2 years, except in the instance of accident or disease declared as an epidemic by the local health agency, in which case the provisions on the observation term without medical check-up are not applicable.

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