Product Details

Asuransi Hijrah Cendekia is an insurance product that provides a fund withdrawal scheme to fulfill the needs of child's education expense, and also provides insurance compensation benefit that will be paid in the event of the parent’s death or total permanent disability during the insurance period.

By paying contributions regularly, you will get a Staged Fund that can be claimed at every level of education. However, if a life risk happened to the parents during the insurance period, the Staged Fund will still be given to the beneficiary along with other additional benefits without any further obligation of contribution payment, so that the child's education fund is remain secured.

So is this product similar to education savings?

This product is different from education savings. This product is an education insurance that has advantages over ordinary education savings, namely, if a life risk happened to the parents, the child's education fund will remain secured.

Another difference with savings products is that the education funds cannot be withdrawn at any time. Instead, it can only be claimed at certain times, which are at the beginning of each education levels (beginning of pre-school, elementary school, high school, etc). This is in contrast to savings that the funds can be withdrawn at any time. However, this scheme is actually ensuring that the funds shall be used properly as the product intents, i.e. for education fund.

And because Hijrah Cendekia is an insurance product, the contribution paid by the Customer will be deducted for the costs associated with the insurance benefit, before being included in the education fund balance.

Disclaimer: This product is an insurance product from PT Asuransi Takaful Keluarga (Takaful Keluarga) and is not a product of PT Bank Muamalat Indonesia Tbk (Bank Muamalat). Bank Muamalat acts only as a distribution channel to offer insurance products from Takaful Keluarga to its customers. The product buyers should learn carefully and agree to all the terms and conditions stated in the policy.

Benefits 

1. Life Benefit

a. If the Insured (parent) lives until the end of the insurance period, the Insured will receive:

• Staged Fund at the beginning of each education levels
• College Fund (when the child reaches the age of 18 years old until the child’s age is 22 years old)

b. If the Insured (parent) surrender the policy during the insurance period, the Insured will receive the amount of the Savings Fund Balance accumulated at that time.

2. Total Permanent Disability Due of Accident Benefit

If the Insured (parent) endures a total permanent disability due to an accident during the insurance period, the following benefits will be given to the beneficiary:

* The beneficiary has no further obligation of contribution payment, yet the policy benefits will still be given until the end of the insurance period

3. Death Benefit

If the Insured (parent) passed away during the insurance period, the following benefits will be given to the beneficiary:

* The beneficiary has no further obligation of contribution payment, yet the policy benefits will still be given until the end of the insurance period

4. Death Benefit (Child)

If the child passed away during the insurance period, the following will be given to the parent:

1. 10% Sum Insured
2. Savings Fund Balance (lumpsum)

and the Policy is terminated

Requirements

Fill out and complete the documents below:

1. Life insurance application form along with all the attachments
2. Medical examination results (if required)
3. Illustration
4. Copy of Customer's identity card
5. First contribution payment slip
6. Copy of Surat Kuasa Debet Rekening (approval for Bank account deduction) for renewall contributions payment
7. Other additional documents if required

Failure to provide accurate data will result in the following:

1. Contribution refund / cancellation of insurance protection
2. Adjustment of contribution and/or insurance benefits
3. Claim rejection

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