tiktok成人版

All Countries
Insurance
Life Insurance Agreement

Life Insurance Agreement Template for Indonesia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Life Insurance Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Life Insurance Agreement

"I need a Life Insurance Agreement under Indonesian law for an individual policy with a sum assured of IDR 2 billion, including unit-linked investment components and critical illness riders, to be effective from March 1, 2025."

Celebrated by
Collaborations with
Investors
Document background
The Life Insurance Agreement serves as the primary contractual document between an insurance provider and a policyholder in Indonesia, operating under the framework of Law No. 40 of 2014 on Insurance and OJK regulations. This document is essential when establishing a life insurance policy, whether for individual or group coverage, and contains detailed provisions for insurance benefits, premium payments, beneficiary designations, and claims procedures. It's designed to protect both the insurer's and policyholder's interests while ensuring compliance with Indonesian insurance regulations, including mandatory disclosures, cooling-off periods, and consumer protection requirements. The agreement typically includes options for additional coverage through riders and may incorporate investment components for certain policy types.
Suggested Sections

1. Parties: Identification of the insurance company and the policyholder

2. Background: Context of the agreement and general purpose of the life insurance policy

3. Definitions: Definitions of key terms used throughout the agreement including but not limited to 'sum insured', 'premium', 'beneficiary', 'policy period'

4. Policy Coverage: Detailed description of the life insurance coverage, including death benefit and any additional benefits

5. Premium Payment Terms: Premium amount, payment frequency, grace period, and consequences of non-payment

6. Beneficiary Designation: Process for naming and changing beneficiaries, and rules regarding benefit distribution

7. Claims Procedure: Process for filing claims, required documentation, and timeline for claim settlement

8. Exclusions: Specific circumstances under which the policy will not pay out benefits

9. Policy Term and Renewal: Duration of the policy, conditions for renewal, and termination provisions

10. Rights and Obligations: Detailed responsibilities and rights of both the insurer and policyholder

11. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters

12. Dispute Resolution: Procedures for handling disputes, including mediation and legal proceedings

Optional Sections

1. Policy Loans: Terms and conditions for taking loans against the policy value, applicable for policies with cash value component

2. Investment Component: Details of investment structure and returns for unit-linked policies

3. Surrender Values: Terms for early policy surrender and associated values, applicable for policies with cash value

4. Riders: Additional coverage options that can be attached to the basic policy

5. Premium Holiday: Conditions under which premium payments can be temporarily suspended, applicable for policies with accumulated value

6. Cooling-off Period: Terms of the free-look period during which the policy can be cancelled without penalty

Suggested Schedules

1. Schedule 1 - Premium Schedule: Detailed breakdown of premium payments, including payment dates and amounts

2. Schedule 2 - Benefit Schedule: Comprehensive list of benefits and corresponding sum assured amounts

3. Schedule 3 - Medical Requirements: List of required medical examinations and health declarations

4. Schedule 4 - Beneficiary Details: Full details of named beneficiaries and their respective benefit proportions

5. Appendix A - Claims Documentation: Complete list of documents required for different types of claims

6. Appendix B - Policy Illustration: Illustrative values showing potential policy performance over time

7. Appendix C - Risk Disclosure: Detailed disclosure of all risks associated with the policy as required by OJK regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































Clauses

































Relevant Industries

Insurance

Financial Services

Banking

Professional Services

Healthcare

Employee Benefits

Risk Management

Wealth Management

Corporate Services

Retail Financial Services

Relevant Teams

Legal

Compliance

Risk Management

Operations

Sales

Customer Service

Claims Processing

Underwriting

Product Development

Policy Administration

Corporate Benefits

Business Development

Relevant Roles

Insurance Underwriter

Compliance Officer

Legal Counsel

Risk Manager

Insurance Agent

Financial Advisor

Claims Manager

Policy Administrator

Actuarial Manager

Business Development Manager

Corporate Benefits Manager

Insurance Operations Manager

Customer Service Representative

Sales Manager

Product Development Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Distribution Agreement In Bancassurance

An Indonesian law-governed agreement between a bank and insurer for distribution of insurance products through banking channels, compliant with OJK regulations.

find out more

Indemnity Agreement (Insurance)

An Indonesian law-governed agreement establishing insurance coverage terms, premium payments, and claims procedures between an insurer and insured party, compliant with Indonesian insurance regulations.

find out more

Standard Reinsurance Agreement

An Indonesian law-governed agreement establishing risk transfer terms between a reinsurer and primary insurer, compliant with OJK regulations.

find out more

Key Employee Agreement

An Indonesian law-governed employment agreement for key employees, incorporating confidentiality, IP protection, and compensation terms in compliance with Indonesian labor regulations.

find out more

Life Insurance Agreement

An Indonesian law-governed agreement establishing terms and conditions between an insurance provider and policyholder for life insurance coverage.

find out more

Car Insurance Agreement

An Indonesian law-governed car insurance agreement establishing coverage terms, premium payments, and claims procedures in compliance with OJK regulations.

find out more

Life Settlement Agreement

An Indonesian law-governed agreement for the sale and transfer of a life insurance policy from the original policy owner to a third-party investor.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.