Analyse your life needs in detail and plan ahead for a brighter tomorrow.
PRUlink protection plus account
|1||PRUlink protection plus account provides coverage against Terminal Illness and Total and Permanent Disability during the term of the policy, and before the anniversary of the policy on which the life assured will attain the age of 65. The life assured cannot claim for both Terminal Illness and Total and Permanent Disability.|
|2||The full list of benefits covered under Early Crisis Cover Provider and their definitions can be found in the product summary that can be obtained from your Prudential Financial Consultant. The maximum claimable benefit combined under the 50% Severity and 100% Severity cannot exceed 100% of the sum assured. For certain medical conditions, there is a waiting period of 90 days from the date of issue or reinstatement, whichever is later. The assurance charges for Early Crisis Cover Provider are not guaranteed.|
|3||For Crisis Cover Provider III, the sum assured will only be paid in a lump sum to the life assured upon diagnosis of any of the 36 critical illnesses listed in the product summary. The full list of the 36 critical illnesses can be found in the product summary that can be obtained from your Prudential Financial Consultant. The assurance charges for Crisis Cover Provider III are not guaranteed.|
|4||Early Stage Crisis Waiver can only be attached if Crisis Waiver III is attached to the same policy. The maximum premium waiver period under the Early Stage Crisis Waiver Benefit is 10 years, or up to your chosen age ranging from 55 to 85 years old, whichever is shorter, after which, the benefit terminates and premium payment for the covered benefits will resume.|
|5||Crisis Waiver III waives the future premiums of the covered benefits up to your chosen age ranging from 55 to 85 years old.|
|6||Applicable for age 30, male non-smoker and annual premium amount of $1,200.|
|7||Subject to underwriting and the life assured must be under age 60. Subject to the minimum or maximum sum assured permitted at the time of change.|
|8||To exercise the option to reduce your sum assured to zero, the life assured must have reached age 55 or 10 years from the Cover Start Date of the policy or 10 years from the last increase in regular premiums, whichever is later.|
|9||Once a successful claim is made under the 50% Severity Payout benefit, future assurance charges for the supplementary benefit will be waived.|
|10||There is a waiting period of 90 days from the Cover Start Date or date of reinstatement, whichever is later. No benefit will be payable for events occurring before or within this waiting period or the survival period of 7 days from the date of diagnosis. For special benefit, we will only pay provided the policy is not terminated or fully claimed.|
|11||We reserve the right to change the premium allocation rates of your basic regular premium for policy year 10 and onwards.|
|12||We reserve the right to levy an administration charge, but will not do so before giving you 30 days’ written notice.|
|13||For EAO (Lump sum), there is a net sales charge. The non-guaranteed administration charge is currently zero.|
|14||For EAO (Regular), there is a non-guaranteed administration charge. The non-guaranteed administration charge is currently $50.|
|15||We reserve the right to change the premium allocation rates relating to such new premiums.|
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Investment products are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income accruing to the units (if any) may fall or rise.
Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some of the supplementary benefits are not guaranteed and may be adjusted based on future claims experience. You are recommended to seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.
This information is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy documents that can be obtained from your Prudential Financial Consultant.
In case of discrepancy between the English and Mandarin versions of this brochure, the English version shall prevail.
Information is correct as at 13 April 2015.