| Insurance Product Name |
Accident and Sickness Guard |
| Insurer |
PT Chubb General Insurance Indonesia (as Leader) cover benefits other than Death due to Sickness
PT Chubb Life Insurance Indonesia (as Member) only cover Death due to Sickness benefit |
| Policyholder |
PT Lunaria Annua Technology. |
| Insured Person |
A customer of Policyholder (called the “Borrower”) whose loan application through Platform has been approved by Policyholder, and who satisfies the eligibility of the Policy and who is named as the Insured Person in the Certificate of Insurance issued to such Borrower. |
| Coverage |
| Benefits |
Sum Insured |
| Death due to Sickness
If the Insured Person sustains a Sickness which results in his/her death during the Period of Insurance, Chubb General, on behalf of Chubb Life, will pay to the Policyholder or the beneficiary of the Insured Person the relevant Benefit amount specified in the Policy Schedule, subject to the terms and conditions of the Policy. |
Loan Amount
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| Accidental Death
If during the Period of Insurance, the Insured Person sustains Bodily Injury which results in his/her death within 365 (three hundred and sixty-five) consecutive days from the date of the Accident, Chubb General will pay to the Policyholder or the beneficiary of the Insured Person the relevant Benefit amount specified in the Table of Benefits read with the Policy Schedule, subject to the terms and conditions of the Policy. |
Loan Amount |
| Permanent Disablement |
NOT COVERED |
| Temporary Disablement |
NOT COVERED |
| Medical Expenses |
NOT COVERED |
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| Platform |
Any online technology platform (including websites) where loan application is submitted to and approved by the Policyholder. |
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| Period of Insurance |
Maximum 6 (six) months
From:
date of loan disbursement as stated in the Certificate of Insurance issued to each Insured Person.
to:
expiry date of the Certificate of Insurance issued to each Insured Person or expiry date of loan, whichever occurs first. |
| Geographical Limit |
Cover 24 (twenty four) hours a day worldwide, subject to sanction clause under Accident and Sickness Guard policy. |
| Exclusions |
As stated in the Accident and Sickness Guard Policy Wording under Part 4 – General Exclusions and other specific part, including the other exclusions stated in the Policy. |
| Terms & Conditions of the Policy Wording |
- The Insured Person must be:
- Indonesian
- aged between 18 (eighteen) years and 65 (sixty five) years at the time he/she is first to be covered under the Policy, and
- in good condition, not suffering from Sickness and/or Bodily Injury whether realize it or not by the Insured Person and not being Confined in Hospital.
In addition to the above eligibility criteria, by applying for a related KoinWorks capital loan, the Borrower is deemed to make the following declaration:
I declare that I am not currently ill nor am I seeking medical treatment at this time and I have not been physically incapable of performing a normal daily activity for more than 5 (five) consecutive days due to illness (other than pregnancy).
2. And other terms and conditions stated in the Policy. |
| Definition |
- Accident and Sickness Guard is a joint insurance product underwritten by PT Chubb General Insurance Indonesia (as Leader) and PT Chubb Life Insurance Indonesia (as Member). Accident and Sickness Guard is an insurance product that protects the Borrower since the date of loan disbursement to expiry date of the Certificate of Insurance issued to him/her or expiry date of loan, whichever occurs first. If the loan is canceled or terminated prematurely, coverage will be terminated.
- Claim is the official application to obtain insurance benefits that is submitted by the Policyholder to Insurer as a result of the occurrence of the insured risks based on the terms, exclusions, and conditions as stated in the Policy.
- Policy means policy wording of Accident and Sickness Guard, with policy schedule/certificate of insurance and other insurance documents, including any amendments or endorsements issued by the Insurer and sent by Insurer to KoinWorks.
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| General |
- The Accident and Sickness Guard insurance product can only be used by the Borrower whose loan application through the Platform has been approved by Policyholder, and who satisfies the eligibility of the Policy.
- The Borrower understands and agrees that the Accident and Sickness Guard insurance product provided by Chubb and KoinWorks only acts as a digital Platform provider.
- The Borrower understands and agrees that the Policy is a written agreement between Insurer and KoinWorks to provide insurance coverage for the risk of death due to accident and sickness for the Borrowers whose loan application through the Platform has been approved by Policyholder and who satisfies the eligibility of the Policy, including but not limited to the terms and conditions, submission, and process of the Claim.
- The Borrower understands and agrees that the process and decision on the Claim is the authority of Insurer.
- The Borrower agrees to release KoinWorks from all claims for liability, compensation and compensation in any form related to this insurance coverage including the coverage process, Claims and other matters in connection with Policy.
- These Terms and Conditions can be changed and/or updated from time to time. KoinWorks recommends that the Borrower read carefully and check these Terms and Conditions from time to time to find out any changes, by accessing the Platform, it is deemed that the Borrower has read and agreed to these Terms and Conditions.
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| Accident and Sickness Guard |
- With the Accident and Sickness Guard insurance product coverage, the Borrower agrees that KoinWorks can provide information and/or data belonging to the Borrower including but not limited to name, address, mobile phone number, as well as other related data and information to, Chubb for the purpose of this insurance coverage and the issuance of Certificate of Insurance.
- PT Chubb General Insurance Indonesia will send Certificate of Insurance to the Borrower as the Insured Person no later than 3×24 hours after the Borrower receives the loan disbursement through the Platform. The Certificate of Insurance will be sent to the Borrower’s email address registered on the Platform. The Certificate of Insurance will contain a link to download the Policy.
- Borrowers who are covered by the Accident and Sickness Guard insurance product must comply with the terms of submitting a Claim made by the Insurer.
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| Use of Data |
- By being covered by the Accident and Sickness Guard insurance product, the Borrower authorizes KoinWorks and Chubb to store his/her information and/or data related to the use of this insurance product in the KoinWorks’ and Chubb’s system.
- KoinWorks has the authority to refuse or delete part or all of the Borrower’s profile and relevant data that is considered to violate the Site’s Terms and/or applicable laws and regulations.
- The use of Borrower’s data in connection with the Accident and Sickness Guard insurance product will be subject to KoinWorks’s Privacy Policy, Chubb’s Privacy Policy, and subject to the prevailing laws and regulations.
- By being covered by the Accident and Sickness Guard insurance product, the Borrower hereby gives consent to Chubb and KoinWorks, including their affiliates and all relevant third-party service providers to collect, use, disclose, and/or store your personal data information for processing and administering the Borrower interest and for the purposes described in Chubb’s Privacy Policy and KoinWorks’s Privacy Policy.
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