Bung Aman is the deposits of a third party in which 45% of the fund deposits will be automatically separated as savings in Bank Bumiputera and 55% as the premium of the pension fund to be managed by the Financial Institutional Pension Fund (DPLK) of Manulife Indonesia.
Specialty and Superiority
Any Bung Aman customer shall receive lifetime pension benefit at the amount to be solely determined by the customer. The benefit shall be passed on to the widower/ widow/ child(ren) if the customer passes away.
Bung Aman provides self accidental insurance protection of Rp. 50 million with the coverage period until the pension age according to the Law of Pension Fund. The monthly fund deposit shall be minimally Rp. 100,000. – with the following allocation: 45% for the savings and 55% for the premium of DPLK; the greater amount is deposited, the greater investment yield would be obtained.
A savings account statement will be sent monthly to the address containing:
-
The opening balance, transfer and closing balance.
-
Value of net assets and Units of Pension Fund Participation.
-
Standing Instruction facilities for routine monthly deposit.
Terms and Conditions
-
Applicable to any 18- to- maximally- 54-year old/ married individual customer.
-
The savings may be withdrawn after 1 year and may only be withdrawn through the counter of Bank Bumiputera.
-
The evidence of the pension fund participation is in the form of a DPLK Participant Card of Manulife Indonesia.
-
If the Bung Aman account is closed, the customer’s participation in the pension fund shall not be terminated, but the status will change to a direct DPLK individual participant of Manulife Indonesia without going through Bank Bumiputera any longer.
Requirements of Bung Aman Opening
-
To fill in a Bung Aman account opening form and a form of pension fund registration.
-
To submit a copy of any valid Resident Identity Card (KTP)/ Passport/ Driving License.
