The Indonesian Express
BCA Life is teaming up with Bank Central Asia (BCA) to make it easier for people to access their MyGuard insurance product online. With premiums starting at just around Rp14,000 a month, you can now get this coverage right from your phone using the ‘Proteksi’ feature on the myBCA app or website. This is especially important as medical inflation and health costs are on the rise in Indonesia. According to Bank Indonesia, digital banking transactions hit Rp5,103.03 trillion in February 2024, marking a 19.72% year-on-year growth, thanks to secure and reliable payment systems. This growth is also reflected in the booming digital insurance market, especially after the Financial Services Authority (OJK) introduced new regulations to support insurance digitization. At the start of 2024, OJK released Regulation Number 8 of 2024, which governs digital insurance products. BCA Life and BCA are responding positively by expanding access to MyGuard, making it easier for customers to purchase insurance through the ‘Proteksi’ feature on the myBCA app and website. Christine Setyabudhi, the President Director & CEO of BCA Life, emphasized their commitment to innovation and digital business development to meet modern needs. She wants customers to feel secure and protected without dealing with complicated processes. MyGuard offers various life protection packages that are easy to access, allowing customers to focus on what truly matters in their lives. Expanding access to MyGuard through the Protection feature on myBCA is a solid move to ensure our customers can easily access financial protection services anytime and anywhere,” said Christine. Tailored Protection Products for Your Needs MyGuard life insurance is a digital insurance plan that offers coverage of up to IDR 1 billion for death due to illness or accidents. MyGuard also provides additional insurance options that can be customized to meet customer needs, including: ? Accident Care: This is an accident insurance plan that offers coverage of up to IDR 1 billion for death due to accidents, along with medical expense reimbursement of up to IDR 25 million per year. ? Critical Care: This critical illness insurance provides benefits for early-stage cancer up to IDR 500 million and late-stage critical illnesses for cancer, heart disease, and stroke up to IDR 1 billion. ? Hospital Care: This health insurance offers daily cash benefits for hospital stays of up to IDR 500,000 per day, daily cash benefits for intensive care unit stays of up to IDR 1 million per day, and surgical benefits of up to IDR 7.5 million per year. Convenience at Your Fingertips You can easily access MyGuard with just a few taps through the Protection feature on myBCA by following these steps: 1. Log in to myBCA 2. Select the Protection feature on the myBCA homepage 3. Choose MyGuard and review the product information 4. Click the “Buy” button 5. Click “Agree” to be directed to the MyGuard insurance purchase site 6. Click “Calculate Premium Now” and enter the required information 7. Click “Continue to Buy” to select your plan details and fill in the necessary data 8. Choose your funding source, confirm, and authorize the transaction on myBCA.