Mega Loan Protection

A group life insurance program designed to protect the interests of Policyholders as lenders to the Insured, so that if the Insured dies either due to illness or accident during the insurance period, the remaining insured loans can be repaid by this product's Insurance Benefits.


  1. If the Insured / Participant dies in the Coverage Period, the Insurer will pay a sum of money to the Policyholder, which is smaller than the remaining Principal Loan recorded to the Policy Holder (not including arrears and interest, if any) or Insurance Benefits recorded on the Insurer. Calculation of the remainder of the Principal Loan or the Benefit of the Insurance refers to the date when the Insured / Participant dies.
  2. The Sum Insured is paid after the required documents are received and approved by the Insurer, the amount of which will be deducted by unpaid premiums (if any).


Sum Insured for this product is the amount of the remaining loan, the amount decreases every month.

The Insurer will pay an amount of money to the Policy Holder, which is the smaller the remaining loan recorded on the Policy Holder (excluding arrears and interest, if any) or the Insurance Benefit recorded on the Insurer.

Product Benefit

Terms & Conditions

Insured Entry Age

The entry age allowed is:

  • Min: 20 years old
  • Max: 64 years old 

Where: issue age + insurance coverage <= 65 years old

Age calculation is using last birthday concept. For example, when someone’ age is 38 years old and 11 months then the age is considered as 38 years old.

Insurance Period

Optional: 1 - 25 years.

Distribution Channel

Bancassurance collaboration with PT Bank Permata.


Rupiah (IDR)

Premium Payment



Product Summary - Meg Loan Protection

SUBMISSION FORM FOR Mega Loan Protection

09.00 - 13.00 13.00 - 17.00 17.00 - 21.00

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Terms & Conditions

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