What is CA Insurance and its types

What Is CAR Insurance

What is CAR Insurance? CAR Insurance is under the auspices of PT AJ Central Asia Raya established on April 30, 1975. With more than 45 years of experience, this insurance even continues to grow into one of the most trusted insurance companies in Indonesia.

For information, this insurance provides a variety of health, life, and so on insurance products.

Types of CAR Insurance—What Is CAR Insurance?

1.Health Insurance

Health Insurance / Prevensia is a superior product of CAR insurance in the form of protection for companies from unexpected financial risks due to large medical expenses related to employees.

The line of CAR health insurance products is as follows.

a. Prevensia Pro Ultimate Insurance: provides health coverage benefits of up to IDR 1.5 billion per year, with the main benefits of hospitalization and surgery. Customers get Prevensia Pro Ultimate insurance protection that can be extended until the age of 75 years.

b. Prevensia Care Ultimate Insurance: provides coverage benefits without a maximum annual limit. The coverage benefits of this type of insurance include:

Health care coverage is for a year and can be extended for up to 75 years.

If the insured recovers faster, the compensation will still be paid the amount of the day the insured is in the hospital.

If the insured does not claim within one policy year, a medical check-up benefit will be given.

The maximum limit of annual benefits is unlimited.

c. Family Prevensia CARe: provides inpatient, surgical, and outpatient cost guarantees for the insured and family while in the hospital. The benefits of coverage are:

If there is no claim for 12 consecutive months, you will get a no-claim bonus of 20% of the next year's premium.

Protection is valid for 24 hours and 365 days a year due to illness or accident.

d. CARina: provides optimal protection when the insured must undergo hospitalization. This insurance also provides death compensation to customers. The benefits of coverage are:

• The maximum room fee per day is IDR 500 thousand.

• The maximum ICU room fee is IDR 1 million.

• The cost of visiting a specialist doctor per day is IDR 500 thousand.

• The maximum surgical cost is IDR 60 million.

• The cost of treatment before and after hospitalization is a maximum of IDR 2 million.

• Death benefit of a maximum of IDR 5 million.

2. Life Insurance

CAR Life Insurance also offers various life insurance options as customer protection while being insured. The types and choices of life insurance that can be chosen by customers are as follows.

a. Whole Life

This life insurance provides a guarantee of the future for the beloved family with solutions to prepare for the future of the family's finances. The benefits, namely:

If the Insured dies within the coverage period, it will be paid 100% of the sum insured and the next coverage will end.

If the Insured remains alive until the end of the coverage period, it will be paid 100% of the sum insured, and the next insured ends.

If the Policyholder stops the coverage within the coverage period, it will get a cash value and the next coverage ends.

b. Whole Life Executives

This type of insurance provides protection guarantees up to the age of 80 years with payment of state funds at the age of 60, 70, and 80 years and additional tranche funds of 1% of the sum insured starting at the end of the 3rd year of the policy until the Insured is 79 years old while the insured is still alive. Some of its benefits include:

• The sum insured will be paid 100% if the Insured dies within the coverage period and then the coverage ends.

• The additional benefit of 1% after the coverage runs for 3 years until the Insured is 79 years old

• An additional 20% of the Sum Insured if the Insured lives until the age of 60 years

• An additional 30% of the Sum Insured if the Insured lives until the age of 70 years

• An additional 60% of the Sum Insured if the Insured lives until the age of 80 years

c. Protecta Raya

This is the most economical type of life insurance for the benefit of coverage due to an accident. The benefits include:

Guarantee compensation due to accidents that cause bodily injuries such as loss of limbs, loss of vision, loss of hearing, and bodily injury according to the policy.

Guarantee medical expenses due to accidents.

d. Unit Link

This insurance is a very appropriate choice for those of you who want to get the benefits of self-protection but also benefit from the investment programs offered.

e. Executive Rupiah

This life insurance provides a guarantee of investment funds with the certainty of interest per year for 6 years accompanied by life protection in case of unwanted things. If the Insured dies due to an accident, the heirs will get compensation of 2x the premium.

f. CARity Fund 20

Regarding what CAR Insurance is, the CARity 20 Fund is a life insurance product from CAR that provides protection benefits with a combination of term life insurance, accident insurance, permanent disability, premium-free, dual-use, and gradual benefits after the coverage ends. Some of the benefits are:

Compensation of the sum insured to the designated person if the Insured dies during the coverage period and the coverage ends.

Free premium payments that have not been running if the Insured has a total permanent disability, either due to illness or accident during the coverage period and the coverage is continuing.

Compensation in the amount of the sum insured to the designated person if after experiencing a total permanent disability, the Insured dies within the coverage period and the coverage ends.

Provision of annual periodic payments of 5% of the Sum Insured for 20 years plus 70% of the Sum Insured at the end of the annuity payment if the Insured remains alive until the end of the coverage period.

g. CARLegacy

This insurance is a combination of protection, savings, and inheritance prepared to meet the protection needs and prepare the family's future finances. Some of the benefits are:

– Definite Benefits

The Insured receives 100% of the sum insured when the Insured is 55 years old.

The Insured receives 100% of the sum insured when the Insured is 70 years old.

The Insured receives 10% or 12.5%, or 15% of the sum insured annually when the Insured is 56 years old until the insured's age is 69 years old.

– Death Benefit

If the Insured passes away or suffers from a total permanent disability before the age of 54, then he will get 150% of the sum insured and in the next policy year will be paid 10% or 12.5%, or 15% of the sum insured annually until the Insured is 54 years old.

– Benefits of Waiver of Premium (WOP)

The policy becomes premium-free if the Insured has a total permanent disability within the premium payment period.

3. Education Insurance

Education insurance is prepared by CAR Life, one of which is the Ananda scholarship, which will provide careful planning for the educational needs of the baby. Some of the benefits are:

• Obtain education funds according to the table if the Insured remains alive until the end of the coverage period.

• Get 100% of the sum insured, education funds according to the table, and free premiums if the Insured dies within the coverage period.

• Cash payment if the Insured stops the coverage within the coverage period and the subsequent coverage ends.

That's the information from us, thank you so much.