PRUlife

We understand that your family always comes first.

PRUlife is designed to give you comprehensive whole life coverage. It ensures that your family will receive the sum assured as well as the bonuses1 accumulated over the period of policy should anything unfortunate happen to you.

Benefits^

  • Provides lifetime financial protection against death, disability and terminal illness till age 65
  • Accumulates cash values during course of policy, giving potentially higher savings over time
  • Enjoys increased protection over time from growing bonuses (non-guaranteed)
  • Accelerates your life insurance protection amount and proportionate bonuses (non-guaranteed) of up to $2 million in a lump sum in the unfortunate event of total and permanent disability 6 months after the disability, and the rest of the amount (including remaining non-guaranteed bonuses) 12 months later, upon terminal illness or death
  • Choice of cashing in bonuses (non-guaranteed) accumulated
  • Allows increase of coverage at life major milestones without evidence of good health. Within 3 months of marriage, upon the birth of your child or the adoption of a child, you can choose to take up a new whole life, endowment or term plan*
  • Option to borrow up to 90% of policy's cash value**
  • Interest-free loans to cover medical expenses resulting from a surgical operation+
  • Acquires surrender value
  • Adds on these supplementary benefits for more comprehensive coverage
    • Disability Provider III receives a yearly payment up to age 65 should you suffer a disabling injury
    • Comprehensive Personal Accident Cover III benefit receives an additional lump sum payment in the event of accidental death and dismemberment
      • reimburse your medical expenses incurred due to the accident and pays out a weekly income if you cannot go to work because of the accident.
  • Adds on these supplementary benefits for your child's coverage
    • Crisis Cover III provides you with a lump sum payment in the event that you are diagnosed with any one of the 30 critical illnesses
    • Crisis Cover Kids safeguards your child against critical illnesses peculiar to children
    • Payer Security III protects your child's education fund and preserves your child's insurance cover should you be unable to pay your premiums due to Death, Critical Illness and Total and Permanent Disability

 

^ Terms and conditions apply
** There is an annual interest rate on the loan amount, which is non-guaranteed and subject to change.
+ This loan is available at the discretion of the insurance product provider and may be granted upon satisfying the required conditions.
* Subject to the conversion terms and conditions and availability at time of conversion.

How it works

Case Study 1: Juvenile

Mr Lim, aged 30 (male, non-smoker) decided to start planning for basic insurance coverage for his newborn daughter, Clarissa, aged 1 (female, non-smoker). For as little as $50 * per month, Clarissa gets covered under PRUlife for a sum assured of $100,000 and she will be able to enjoy these low premiums for as long as she wants. The cash value accumulated under PRUlife may be used for Clarissa's education in the future.

 

End of Policy Year Basic Premiums Paid* Death Benefit# Surrender Value#
Guaranteed Non-Guaranteed Total Guaranteed Non-Guaranteed Total
20 $11,980 $100,000 $61,337 $161,337 $5,676 $7,841 $13,516
30 $17,970 $100,000 $93,123 $193,123 $10,517 $15,040 $25,556
64 $38,336 $100,000 $296,897 $396,897 $43,907 $127,208 $171,115
* Premiums quoted are based on a non-smoking female aged 1 on her next birthday with PRUlife with a sum assured of $100,000.
# The illustrated values use bonus rate assuming a projected investment rate of return of 5.25% p.a.. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the Participating Fund.

 

Case Study 2: Adult

Gerald, aged 25 (male, non-smoker), is a fresh graduate who has just started his career and has decided to buy a PRUlife policy. For as little as $112 per month, Gerald gets covered against death, terminal illness or total and permanent disability for a sum assured of $100,000.

 

End of Policy Year Basic Premiums Paid* Death Benefit# Surrender Value#
Guaranteed Non-Guaranteed Total Guaranteed Non-Guaranteed Total
20 $26,780 $100,000 $61,337 $161,337 $15,992 $19,520 $35,512
30 $40,170 $100,000 $93,123 $193,123 $28,646 $36,785 $65,431
64 $53,560 $100,000 $140,203 $240,203 $43,574 $65,929 $109,503
* Premiums quoted are based on a non-smoking male aged 25 on his next birthday with PRUlife with a sum assured of $100,000.
# The illustrated values use bonus rate assuming a projected investment rate of return of 5.25% p.a.. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the Participating Fund.

 

Who can apply

  • For those between 1 and 75 years of age seeking basic lifetime insurance cover and a disciplined way to save
  • A Whole Life product available for Cash funds with Regular Premium payment
1 Bonuses are not guaranteed and will vary accordingly to the future experience of participating funds

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable may be less than the total premiums paid.

This is not a contract of insurance and reference should be made to the respective policies for the exact terms and conditions applicable to the insurance policy. Please refer to the exact terms, conditions, exclusions and specific details applicable to this insurance in the policy document that can be obtained from a Prudential Financial Consultant.

The information contained in this website is not required to be reviewed or endorsed by the Monetary Authority of Singapore.

Information correct as at 30 March 2011.