Categories / Endowment
Endowment
20 in-scope products. Different products win for different people — compare the trade-offs below, then open any product for the full read.
benchmark Legacy Income’s own/benchmark carriers in this category: TM Global SavePro — labelled for reference; the analysis itself is unbiased.
How Endowment products differ
Still building · 62% coverageNo product wins every dimension — these are trade-offs, not a scoreboard. Where the dataset can’t yet support hard medians, we show the observed range and the analyst’s read.
- Four structural sub-types coexist in the agency endowment shelf: return-of-premium term endowments, staged-cash dwiguna endowments, whole-of-policy endowments, and investment-linked savings-endowment hybrids.
- Premium payment terms are uniformly short-pay: 3-10 years, with 5-6 years the most common; single-pay and to-age-X options appear on a minority of products.
- Coverage horizon spans 8 years (mass-market ROP endowments) to to-age-79 (whole-of-policy endowments); medium-term (8-20 year) horizons dominate.
- The living / maturity benefit is the category's defining feature and ranges from 100% return-of-premium (mass-market) up to staged cash totalling 150-360% of the savings base (premium-tier dwiguna).
- Death benefit is defined two ways: as a percentage of total premiums paid (modern ROP endowments, ~110%) or as a percentage of the sum assured / Santunan Asuransi (traditional dwiguna, 100%). A Rp 2bn death-benefit cap recurs across several products.
- Currency is IDR-dominant; USD is offered on a small premium-tier minority (TMLI TM Global SavePro, Sun Life Sun Prosperity Prime).
- Three of 14 agency endowment products are Syariah (Salam Anugerah Harapan, RAYA Pro Maxima, Manulife Perlindungan Diri Syariah); all use Akad Hibah Mu'allaqah bi al-Syarth + Tabarru' + Wakalah bil Ujrah, with the maturity payout framed as Manfaat Hibah = Faktor Bonus x annual contribution and Surplus Underwriting sharing.
- Endowment economics are structurally weaker than pure protection on per-rupiah death cover: the savings/maturity component absorbs premium, so customers comparing to term life will see a much lower death-benefit multiple.
Coverage caveat: First endowment benchmark — category unlocked for analysis 2026-05-24 (manual gating override: 7 agency insurers meets the 7-insurer minimum; coverage_percent bug worked around). Endowment is structurally heterogeneous: (a) return-of-premium term endowments (100% premium returned at a milestone year), (b) staged-cash 'dwiguna' endowments (Manfaat Tahapan / annual living benefit), (c) whole-of-life endowments maturing at a high age, and (d) investment-linked savings-endowment hybrids. Aggregate quantitative benchmarking across these four sub-structures is misleading; sub-structure qualitative comparison is preferred. Premium is quoted off age/sex/SA/term matrices not published in brochures, so premium metrics fall well below the 60% coverage threshold. Briefs rely on qualitative comparison plus direct PDF reading. ~4 of 14 agency products have deep structural extraction this run. (sample: ~11 products)
Asuransi Mandiri Rencana Masa Depan
Perlindungan tambahan untuk simpanan berjangka dengan fleksibilitas manfaat berupa pembayaran setoran simpanan berjangka sampai dengan akhir masa pertanggungan atau pembayaran uang pertanggungan sekaligus jika terjadi risiko meninggal duni…
Asuransi Salam Anugerah Harapan
Asuransi Salam Anugerah Harapan is Sun Life's Syariah savings-and-protection endowment — a traditional dwiguna policy that pays a death benefit while the participant is covered, and returns a maturity lump sum (Manfaat Akhir Kontrak) if th…
Asuransi Salam Hijrah Sejahtera
Ketenangan Melangkah untuk Kesejahteraan Penuh Berkah
Asuransi Sun Prosperity Prime (Si Super)
Sun Prosperity Prime ("Si Super") is a Sun Life Indonesia competitor product — a conventional traditional endowment (asuransi jiwa tradisional dwiguna) built around one promise: pay premiums for only 5 years, then collect a stream of guara…
GEN Wealth
Endowment (Asuransi Dwiguna) product with periodic premium payments.
Manulife Miassurance Protection Plan
Manulife Mitreasure Future Smart Assurance Dbs
Manulife Perlindungan Diri Syariah
An individual Syariah endowment life insurance product providing death benefit, accidental death benefit, and a maturity benefit at the end of the policy term — positioned as an affordable protection solution.
Manulife Proteksi Prima Pendapatan Berencana
RAYA Pro Maxima
RAYA Pro Maxima is Generali's Syariah savings-and-protection endowment (asuransi dwiguna syariah) — a policy that pays a scheduled annual living benefit (Manfaat Tahunan) once the contribution period ends, carries a death benefit (Santunan…
Simas Income Protection (SIMPRO)
Simas Income Protection (SIMPRO) is a competitor return-of-premium term endowment from MSIG Life — a term-life contract wrapped around a savings milestone.
Smart Life Protection
Smart Life Protection is MSIG Life's return-of-premium term endowment — an "Asuransi Jiwa Dwiguna Kombinasi" contract that pairs a term-life and permanent-total-disability cover with a promise to return 100% of premium paid if the insured…
Smart Plan Protection
Smart Plan Protection is MSIG Life's child education-funding endowment — a staged-cash "dwiguna" contract where the parent pays premium for a short window and the policy then releases pre-scheduled cash sums ("Tahapan") timed to the child'…
Smart Wealth Assurance
Smart Wealth Assurance is a competitor product from MSIG Life Indonesia — a conventional staged-cash endowment (asuransi jiwa dwiguna) built around one promise: pay premiums for a short window of 3, 5 or 8 years, then collect a schedule of…
Smile Dana Sejahtera
Smile Dana Sejahtera is a competitor product from MSIG Life Indonesia — a long-horizon endowment dressed in a whole-life label.
Smile Life Extra Plus
Smile Life Extra Plus is MSIG Life's entry-level return-of-premium endowment — a "dwiguna" contract (Asuransi Jiwa Dwiguna Kombinasi) that pairs a basic death benefit with a promise to hand the customer's premium back at a fixed milestone.
Smile Wealth Protection Smart
TM Global SavePro
TM Global SavePro is not a guaranteed endowment — read that first, because the product is filed under the endowment category and the marketing leans on the word "save." Structurally it is a regular-premium, USD-denominated, investment-link…
X-Tra Proteksi Cermat Saver
Langkah Tepat, untuk Hidup Cermat
X-Tra Proteksi Diri Syariah
Ekstra Proteksinya, Ekstra Manfaatnya
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