Payer Security III

We understand you want to safeguard your child's policy with coverage for BOTH parents.

Every parent wants to protect their children from life's uncertainties. With Payer Security III, you can be assured that your child's policy will continue even if both parents are unable to pay for premiums due to unforeseen circumstances.

Benefits^

  • Waives your child's policy premiums until he or she turns 25, in the event that Critical Illness, Total and Permanent Disability or Death were to strike either you or your spouse.
  • Available for purchase by one or both parents as a rider to your child's main Prudential plan.

 

^ Terms and conditions apply

How it works

Adrian (non-smoker), age 30 on his next birthday, purchased PRUsave for his new born, Kevin. He pays a monthly premium of $240 so that he can receive $70,000* for Kevin's university education fund in 20 years' time. For as little as $0.70 a day**, Kevin's PRUsave policy can be complemented with Payer Security III to cover both Adrian and his spouse, so that the policy premiums of $240 a month will be waived should unforeseen events of Death, Total and Permanent Disability or Critical Illness strike either one of them. This ensures that Kevin's PRUsave policy continues, and his university education becomes a reality.

 

* The illustrated values use bonus rates 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.
** Premium quoted is based on an annual basis for a non-smoker male and female age 30 next birthday, for annual premium of $2,935 and premium payment of 20 years.

Who can apply

  • For parents seeking to ensure their child's policy remains protected against life's uncertainties.
  • Available for purchase by either one or both parents as a supplementary benefit to a main plan.

Download Brochure

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.

Premium rates are not guaranteed. These rates may be adjusted in the future at the Company's discretion. We will give 30 days' notice before the new premiums are charged.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. You should seek advice from a qualified Prudential Financial Consultant if in doubt.

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.