PRUlife

We understand you want to provide lifelong protection for you and your family

You have plans and you work hard to shape your future, be it getting married, starting a family, providing for them or planning for your retirement.

Regardless of what the future brings, you want to be assured that your family and their future are taken care of. And as a parent, you would strive to provide the best for your child.

Designed to provide whole of life protection, PRUlife provides coverage against Death, Terminal Illness1, and Total and Permanent Disability1, so you and your loved ones have less to worry about should the unforeseen happen.

Benefits

  • Provides lifetime financial protection against Death, Terminal illness1, and Total and Permanent Disability1
  • Offers a lump sum payout plus accumulated bonuses2 in the event of  Death, Terminal illness1, and Total and Permanent Disability1
  • Option to buy a new plan without underwriting3 to increase your coverage at the most significant events in your life 
  • Add on these supplementary benefits for more comprehensive coverage
    • Crisis Cover III advances4 you with a lump sum payout in the event that you are diagnosed with any one of the 36 listed Critical Illnesses. This ensures you have access to funds when you need it most 
    • Early stage Crisis Waiver waives the premium payments for a fixed period5 upon diagnosis of early or intermediate stage medical conditions, so you can concentrate on treatment 
    • Crisis Waiver III waives the remaining premium payments6 upon diagnosis of any of the 35 listed Critical Illnesses and ensures that your financial plan remains in place
    • Early Payer Security, which waives the premium payments for a fixed period5 upon diagnosis of Early or Intermediate Stage Medical Conditions, so that you need not worry about your loved ones losing coverage while you concentrate on your treatment.
    • Payer Security III / Payer Security Plus safeguards your loved one’s policy in the event that Death, Critical Illness or Total and Permanent Disability strikes you.

 

How it works

How PRUlife works for you:

Gerald (male, non-smoker), age 25 next birthday, is a fresh graduate who has just started his career and would like to obtain life protection and plan for his future. He is able to set aside about S$112* per month for coverage against Death, Terminal Illness, and Total and Permanent Disability for a sum assured of S$100,000.

End of Policy Year Basic Premiums Paid* Death Benefit7 Surrender Value7
Guaranteed Non-Guaranteed Total Guaranteed Non-Guaranteed Total
20 $26,780 $100,000 $49,610 $149,610 $15,992 $15,639 $31,631
30 $40,170 $100,000 $76,361 $176,361 $28,646 $30,142 $58,788
64 $79,520 $100,000 $243,456 $343,456 $81,048 $182,093 $263,141
* Premiums quoted are based on a non-smoking male aged 25 on his next birthday with PRUlife and a sum assured of S$100,000, based on annual mode.

 

How PRUlife works for your child:

Mr Lim (male, non-smoker), age 30 next birthday, would like to start planning for basic insurance coverage for his newborn daughter, Clarissa, aged 1 (female, non-smoker), for as little as S$50** per month. Clarissa gets covered under PRUlife for a sum assured of S$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 Benefit7 Surrender Value7
Guaranteed Non-Guaranteed Total Guaranteed Non-Guaranteed Total
20 $11,980 $100,000 $49,610 $149,610 $5,676 $6,282 $11,958
30 $17,970 $100,000 $76,361 $176,361 $10,517 $12,323 $22,840
64 $38,336 $100,000 $243,456 $343,456 $43,907 $105,397 $149,304
** Premiums quoted are based on a non-smoking female aged 1 on her next birthday with PRUlife and a sum assured of S$100,000, based on annual mode.

 

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Footnotes:
1 Policy 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.
2 Bonuses are not guaranteed and will vary according to the future performance of the participating fund.
3 Sum assured of the new policy for each life event can only be up to a maximum of 25% of the original sum assured or S$150,000, whichever is lower. The option to purchase a new policy can only be exercised twice in the lifetime of the Life Assured. The maximum additional cover for these two life events can only be up to a maximum of 50% of the original sum assured or S$300,000, whichever is lower.
4 If the sum assured of Crisis Cover III is the same as the sum assured of the Death Benefit of the main plan, the policy and all its benefits terminate after a Critical Illness claim. If the sum assured of Crisis Cover III is lower than the sum assured of the Death Benefit of the main plan, the sum assured of the Death Benefit shall be reduced accordingly after a Critical Illness claim.
5 Upon diagnosis of Early or Intermediate Stage Medical Conditions, the future premiums of the covered benefits will be waived for 5 years or 10 years respectively, or the remaining premium payment term, whichever is shorter. The maximum premium waiver period is 10 years, after which the benefit terminates and premium payment for the covered benefits resumes.
6 Future premiums of the covered benefits are waived up to age 85 or until the end of the premium payment term, whichever is earlier.
7 The illustrated values use a bonus rate assuming a projected investment rate of return of 4.75% per annum for the participating fund. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund.

Note:

You are recommended to read the product summary and seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.

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.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for the supplementary benefits are not guaranteed and may be adjusted based on future claims experience.

This website 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.

The information contained on this website is intended to be valid in Singapore and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore. In case of discrepancy between the English and Mandarin versions of the e-brochure, the English version shall prevail.

Information is correct as at 5 October 2016.