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  • Health Insurance For Retirement Visa

    I am planning to get a retirement visa. Before getting the visa I already assembled a lot of information. One problem is the health insurance. I am 66 years old. According BPJS a foreigner need a job for at least 6 months.
    -What I know the Indonesian health insurance companies do not accept people above 60 years old.
    -The premium of foreign insurance companies are very expensive (Now, Cigna, AXA etc.). The premium is at least USD 580,- and above; with deductible of USD 10,000.-. So the first USD 10,000.- you have to pay yourself first. Crazy. Questions:
    1.Do you know a foreign or domestic insurance company with reasonable price and condition? I thought a premium of untill USD 300.-.
    2.Is it possible to renew the Kitas visa yourself? Or are you obliged to take a visa agent?
    Thanks.

    http://www.bpjs-kesehatan.go.id/bpjs...detail/2014/11

    02-12-2020

    All Indonesian residents are MANDATORY to become JKN-KIS participants managed by BPJS Kesehatan including FOREIGNERS who have WORKED for at least 6 (six) months in Indonesia and have paid contributions, which are divided into the following types of membership:

  • #2
    Originally posted by BillyBill View Post
    (A) What I know the Indonesian health insurance companies do not accept people above 60 years old.

    (A1) Do you know a foreign or domestic insurance company with reasonable price and condition?

    (B) Is it possible to renew the Kitas visa yourself? Or are you obliged to take a visa agent?...

    (A) From what I saw , there is no general rule for that (for example , I didn't see this as a general limitation when I searched for insurance when I was 63 yo , when I did get a life insurance at an Indonesian insurer) .

    (A1) My insurance company has a very cheap life insurance , but (as far as I remember) it is limited to 65 yo . Some years ago I looked for health insurance too (in some 20 insurers , Indonesian and international) , but unfortunately I lost all data about the prices and conditions . I just remember that , yes , they were expensive , but (I guess) a lot less than USD580/month that you mentioned .

    (B) It is not impossible for a Retirement KITAS/e-ITAS , but improbable because the agent will provide the sponsorship and will want to do the whole thing to charge you more (it may be possible if you want to live in a city where your agent has no office or associate) .

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    • #3
      I guess that you can also look for insurance in your country . Private health insurance in Indonesia may be more expensive than in many other countries due to a relatively low life expectance .


      From https://www.worldometers.info/demogr...fe-expectancy/

      Life Expectancy :
      Japan : 85.03
      Singapore : 84.07
      Italy : 84.01
      Australia : 83.94
      France : 83.13
      Netherlands : 82.78
      Germany : 81.88
      UK : 81.77
      Cuba : 79.18
      US : 79.11
      China : 77.47
      Indonesia : 72.32
      India : 70.42
      South Africa : 64.88

      Comment


      • #4
        Thank you Marcus. I live in the Netherlands. I have already asked many quotations. They are too expensive. In the Netherlands I pay € 122,- a month for basic. I only use dentist twice a year.
        (Maybe visa ikut istri?). If it is not possible to move to Indonesia, my plan B is Spain. The health insurance in Spain is a little bit more expensive approx. € 200,-. The quality of the medical care is very high.

        Comment


        • #5
          Originally posted by BillyBill View Post
          ...(Maybe visa ikut istri?)...

          Well , "Family" Visas/KITAS/e-ITAS do not require insurance . In case you don't know , you are eligible if :
          - you are married with an Indonesian , or
          - you are married with an ex-Indonesian , or
          - your spouse gets a legal job in Indonesia .

          Comment


          • #6
            Originally posted by BillyBill View Post
            ...The premium is at least USD 580,- and above; with deductible of USD 10,000.-. So the first USD 10,000.- you have to pay yourself first. Crazy.
            1.Do you know a foreign or domestic insurance company with reasonable price and condition? I thought a premium of untill USD 300...

            Good news . I asked my insurer and this is what she informed me :
            Health & Life Insurance investment package for 10 years , price : Rp10 million per year (around USD60 per month) . And this using my data , it may be a little cheaper for you as I am older than you . For the other hand , it will be more expensive if you are not completely health like I am .

            Comment


            • #7
              The Insurance company : PT Equity Life Indonesia (https://www.equity.co.id/) : PT Equity Life Indonesia is an insurance company (founded in 1987) that offers life insurance, health insurance, and pension fund services.

              Details of this quotation (attached 3 photos of additional details) :
              POLICE HOLDER: Male, 69 Years Old

              PREMIUM PAYMENT
              Payment Method: Yearly
              Payment Period: 10 years

              ANNUAL PREMIUM
              Periodic Premium: IDR2,200,000.00
              Top Up Periodically: IDR3,800,000.00
              Total Premium: IDR6,000,000.00

              TYPES OF INVESTMENT FUND:
              Steady Fund IDR (100.00%)
              Investment policy:
              - 10% -90% money market instruments
              - Debt Securities 10% -90%

              PREVISION OF THE TOTAL INVESTED FUNDS
              Funds when the insured is 75 years old
              Low investment yield assumption: IDR 13,093.64
              Average investment yield assumption: IDR 14,379.36
              High investment yield assumption: IDR 16,563.12

              BENEFITIES:
              The insured dies before the age of 100 years: Compensation (Flexi Safe Link):
              - Death due to illness: IDR 11,000,000 + Investment Value
              - Died due to accident: IDR 11,000,000 + Investment Value

              The insured is hospitalized before the age of 75 years (Flexi Medical Care):
              Treatment benefits according to the FMC200 plan. (See terms of Flexi Medical Care)

              As it is the cheapest insurance , of course the benefits are very low value :
              - Hospital cover per day : Rp200'000 (maximum 210 days per case)
              - Doctor per day : Rp150'000
              - Specialist Doctor per day : Rp300'000
              - Medicines, Equipment, Diagnosis Support : Rp5 million
              - Surgery (per year) : Rp25 million (doctors) , Rp5 million (surgery room)
              - Cancer Therapy Costs: Chemotherapy, Radiotherapy and Therapy Nuclear (per year) : Rp10 million
              - Hemodialysis (per year) : Rp5 million
              .....
              Attached Files
              Last edited by marcus; 2 weeks ago. Reason: Added 3 photos of the insurance details

              Comment


              • #8
                Thank you, thank you Marcus. I will get in touch with eiquity.co.id.
                Yes if possible I would like the details.

                My first thought to give up.
                Second thought I would take the high deductible (risk). So I can move to Indonesia. Then in Indonesia looking for a cheaper premium and better package.

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                • #9
                  Thank Marcus. So I am not dependent of a spouse/istri. That's meaning a lot for me.

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                  • #10
                    Originally posted by BillyBill View Post
                    ...So I am not dependent of a spouse/istri...

                    By the way , are you married with an Indonesian or not ?

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                    • #11
                      No, I am single at this moment.

                      Comment


                      • #12
                        Thank you very much Marcus for the quotation. It looks very attractive the premium, especially for “older” people. If the insurer give quotation I will phone them for more clearity (for myself).
                        I am very happy you react on my post. I already emailed foreign and domestic insurers. The prices were always very high. I don’t mind to pay extra but USD 600.- is too expensive for me. (Btw I am healthy, I don’t use the health insurance in the Netherlands; except for dentist.)
                        If the corona pandemy is over then I can start the process of retirement visa.

                        I found a good visa agent with reasonable price IDR 16,000,000. Other visa agents are far more expensive. They are very open about the prices. No hidden agenda.
                        www.letsmoveindonesia.com/about-letsmoveindonesia-com/
                        Thanks Marcus.

                        Comment


                        • #13
                          Originally posted by BillyBill View Post
                          ...I found a good visa agent with reasonable price IDR 16,000,000...

                          I am sure you can find a cheaper agent . The agent who deals with my Retirement e-ITAS is a lot cheaper , but prices also depend (a little) on the city where you want to live .

                          By the way , in general all agents are good , I mean , all usually get the job done . In more than 12 years in this Forum , I remember of only 1 case where a passport went missing , very feel small complaints , none about not getting the visa/KITAS .

                          Comment


                          • #14
                            Since the last Friday , 26 March , you can already request a Retirement Visa and come to Indonesia (see the Regulation at http://www.livinginindonesiaforum.or...ove#post860707) .

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