Are you a British living in Indonesia or planning to move there? If yes, it is worth thinking about your ex-pat life insurance in Indonesia. You might have UK life insurance, but moving abroad can mean that you are no longer covered by your existing life insurance policy. In this blog, we will talk about life insurance for UK citizens living in Indonesia in detail.

Does my current UK life insurance cover me if I move to Indonesia?

It depends on your insurer provider. Some insurers in the UK provide insurance to only people who permanently live in the UK. So, if unfortunate events happen, you might not get benefits from your current insurer. This also means that your dependents won’t get payouts also. However, some insurers offer life insurance for people living abroad.

Thus, to get a clear answer, you should contact your life insurance provider and ask what would happen to your life insurance if you move to Indonesia or if your life insurance is still valid after you have moved there.

Does moving abroad affect the premium you pay for life insurance? 

Yes. If you are applying for life insurance and moving abroad, you must inform your insurer. It is because your moving to another country, (Indonesia in this case) will influence how they calculate the cover you need.

When you are transferred or you plan to live and work in a country that is considered more dangerous than yours, you will be put at higher risk. Hence, your life insurer would want to know about it.

Besides, inheritance rules in some countries can make things even more complicated when it comes to calculating life insurance payouts. What’s more, many insurers don’t provide any kind of ex-pat life insurance.

If your UK insurer doesn’t provide enough or any life insurance support for you as an expat, it is worth seeking reliable ex-pat life insurance in Indonesia.

What might an ex-pat life insurance provider in Indonesia ask me?

Though questions may vary from one Indonesian insurer to another, you can expect the following common questions:

  • What is the purpose of living as an ex-pat in Indonesia? Are you retiring in Indonesia, setting up a new business, or changing your work location? Knowing the reason for your living in Indonesia will help the insurer identify the risk factors and calculate the cover.
  • What kind of job do you do in Indonesia? Since different kinds of jobs in Indonesia come with different risks, they must know the nature of your job. For example, a front line healthcare worker is exposed to more risks than a banker.
  • How long will be your stay in Indonesia? Are you planning to retire and settle down in Indonesia? Or, are you working in Indonesia on a temporary basis only? Your duration of stay can affect the amount of cover and benefits you need.
  • What financial support will you be offered by your UK insurer? Will you like to keep a property or investments back in the UK? Are there people in the UK who financially depend on you? All these things will help the Indonesian insurer calculate the adequate amount of ex-pat life insurance cover for you.

Moving to Indonesia allows you to experience a very rich and diverse culture and live wonderful moments amidst pristine beaches and amicable people. But living without ample life cover and financial aid can make things very unpleasant. So, do your homework, get one of the best ex-pat life insurance in Indonesia and enjoy your Indonesian life.