Business Opportunities

CommLink

CommLink is a flexible life insurance product combined with investment. Through Single Premium Unit Link, your investment will be fund-on-fund invested which means that customers premium will be managed by Fund Manager to give a diverse investment return. 

CommLink Benefit

• Sum Insured
  Total Sum Insured is 150% from Single Premium.
  
• Death Benefit
  

  a.  If Insured passed away due to accident during 24 months or due to any cause after 24 months, therefore will be paid : 

  • Sum Insured if Investment Value < Single Premium

  •  Sum Insured + Investment Value – Single Premium if Investment Value < Single Premium.

  b. If Insured passed away due to sickness during 24 months, therefore will be paid the Investment Value. 

• End of Contract Benefit
  If Insured alive until contract ended, then investment value will be paid.
  
• Terminal Illness Cover 
  If Insured is suffered from Terminal Illness and proofed that he/she will survive not more than 12 months by medical proofs, then 50% benefit from Single Premium will be paid. 
  

Example of Benefit Illustration

Note :

1. Above data is illustration only, not compulsory and terms & conditions will be refered to valid insurance policy.
2. Investment return may be higher or lower than total premium invested. Investment performance is not guaranteed; depends on each investment type of fund. Policy holders are allow to allocate their fund into any of investment type to optimilize the investment return based on policy holders' needs and risk profile. 

CommLink Advantage

Commonwealth Life is continously seek for investment opportunities and actively select and review investment performance through fund-on-fund mechanism according to customers' objective. This will allow customers to get optimum investment return. 

CommLink Facility

• Top Up
  Minimum : Rp. 1. 000.000
  Maximum : no limit
  
• Withdrawal
  Minimum : Rp. 1.000.000 with minimum end balance of Rp. 2.000.000
  
• Switching
  4x free switching every end policy year.
  
• Unit Price for each fund is daily calculated based on fair value of each asset of its fund.
  
• Unit Price information is available in newspaper, customer service center, and Commonwealth Life official website.
  
• Transactional statement (of Investment Value return) will be sent to customers every year. 
  

Additional Cover

We provide range of additional cover for Customers.

• COMMAddb (Accidental Death & Dismemberment Benefit)
  If Insured passed away or suffered for accident during contract period, then customers will get extra COMMAddb Sum Insured.
  
• COMMAdb (Accidental Death Benefit)
  If Insured passed away due to accident during contract period, additional COMMAdb Sum Insured will be paid.

Investment Risk

Like another investment product, for example mutual fund and unit linked product, CommLink also directly related to Money Market, Fixed Income, and Equity, that have investment risk based on its profile. Investment return will be impacted and fluctuate based on the instrument movement. 

Terms & Conditions

• Commonwealth Bank Customers
• Insured Age : 17 – 60 years
• Policy holders Age : 21 – 70 years
• Fill Commonwealth Life application
• Minimum Single Premium payment Rp. 50.000.000
  Maximum payment : No Limit *
  
  *) Maximum value of Single Premium is Rp 100 million. The excess will be allocated to Top Up Premium. If total premium is below or same as Rp 100 million, then it will be considered as single premium.  

Fees & Charges

• Initial Cost
  2.5% x  basic premium
  
• Basic Insurance Cost
  Monthly charge as from the coverage begins (depending on the Insured, age, sex, and the benefits of Liability)
  
• Top Up
  Single Premium Top Up : 2.5% x Top Up Premium
  
• Switching 
  Switching fee will be charged after 5th charged per policy year : 0.5% x total fund switched.
  
• Investment Value Withdrawal and Redemption Fee
  Will be charged if done before 3rd policy year as much as : 1% x withdraw/redeem fund.
  
• Investment Management Fee
  1,5% per year from Investment value.
  
• Tax
  Will be charged every investment redemption%* and during the first 3 years.
  
  * Investment value difference drawn and redeemed to the total premiums paid in certain periods.

For more information, please contact Commonwealth Bank Call Center (021) 7917 6000 , http://www.commbank.co.id/