PRUSelect Vantage (SGD or USD)

Helping you achieve your investment goals all through life.

An investment-linked insurance plan that helps you build and diversify your portfolio from a wide range of carefully researched and quality funds. It’s a spectrum of choice that’s complemented by the internationally acknowledged investment expertise of Mercer Investment Consulting ("Mercer"), a leading global provider of investment consulting services.

Announcement

Renaming of Prudential Asset Management (Singapore) Limited to Eastspring Investments (Singapore) Limited

Please note that Prudential Asset Management (Singapore) Limited, part of Prudential's Asia asset management business, will change its name to Eastspring Investments (Singapore) Limited. This change will take place on or around 14 February 2012.

Please refer to the attached notifications letters for more information. Notification 1 / Notification 2

Features

PRUSelect Vantage - Product Overview

Policy Type Regular Premium Backend Loaded Whole of Life investment-linked plan with 100% premium allocation rate from Day 1
Premium Term 10-Year, 15-Year or 20-Year
Policy Term Whole of Life
Currency SGD and USD
Age Limits 1 - 65 ANB (10 Year Premium Term)
1 - 60 ANB (15 Year Premium Term)
1 - 55 ANB (20 Year Premium Term)
Minimum Premium
Currency Monthly Quarterly Half-yearly Yearly
SGD 750 2,250 4,500 9,000
USD - 1,800 3,600 7,200
Monthly Assurance Charges NIL
Initial Investment Charge NIL (i.e. No Bid-Offer Spread)
Policy Fee1
 S$12/ US$10 per month after ICP Period (i.e. 25th month onwards) for policy term
Fund Management Charge2 Depending on funds selected
Switching Fee3 Unlimited Free Switching
Policy Establishment Charge 4% of initial account for Premium Term
Administration Charge4 0.75% of initial and accumulation account for Policy Term
Optional Premium Paying Rider(s)
  • Crisis Waiver III (For PruSelect Vantage (SGD) ONLY)
  • Payer Security III (For PruSelect Vantage (SGD) ONLY)
No Riders available currently for PruSelect Vantage (USD)
Coverage

For Accidental Death Benefit, we pay the higher of :
The value of all the units in account or 105% of total premiums paid (excluding premiums for supplementary benefits) less any withdrawals and any charges applied on the reduction in premium. (Coverage ceases at Age 75).
Value of all units in account is paid out for Death from other causes
No Total Permanent Disability (TPD) Coverage
No Terminal Illness (TI) Coverage
Reduction of Regular Premium5 Allowed. Subjected to minimum premium and reduction in premium charge
 

arrow_red Click here to see the list of PRUSelect Funds and downloads

arrow_red Click here to see the PRUSelect Funds fund prices

 
1 Please note that the policy fees are not guaranteed and we reserve the right to increase the policy fees up to a maximum of S$24 per month if your policy is denominated in SGD and US$20 per month if your policy is denominated in USD. We will give 30 days’ written notice before doing so.
2 The term 'fund management charge' may be called differently by different Investment Managers. For example, it may be called 'continuing investment charge', 'management fee' or 'investment management charge'. The relevant Investment Manager of each PRUSelect Fund reserves the right to increase the charges.
3 We reserve the right to levy a switching fee by giving 30 days’ written notice before doing so.
4 Please note that the administration charges are not guaranteed and we reserve the right to increase the administration charge up to a maximum of 1.5% p.a. We will give 30 days’ written notice before doing so.
5 Charge and adjustments of First-year bonus is applicable for reduction of regular premium before ICP.

How it works

Designed to make the most of your investment.

  • Be fully invested with 100% of your premiums from day one.
  • Customised to your financial goals by choosing from a 10-year, 15-year or 20-year premium term.
  • Be rewarded with a first year bonus when you invest S$18,000 / US$14,400 and above per annum.
    • First Year Bonus Entitlement
    Premium Term Percentage of your annualised premium*
    10-year 10%
    15-year 15%
    20-year 20%

    *excluding premiums of supplementary benefits (if any).

  • Be rewarded for investing regularly towards your financial goals with additional 5% loyalty bonus from year 5 onwards, for every 5 years1 (refer to the table below).
     
    • Loyalty Bonus Entitlement
     Policy Anniversary 5th 10th 15th 20th
     % of Average Annualised Premium*^
    Premium Term 5% 10% 15% 20%
    10-year ✔ ✔ - -
    15-year ✔ ✔ ✔ -
    20-year  ✔  ✔  ✔  ✔

    ^"Average Annualised Premium" = (total premiums paid* – any withdrawals) ÷ number of years premiums have been paid.
    *excluding premiums of supplementary benefits (if any).

The illustration shows how you may potentially benefit financially from PRUSelect Vantage.

Example Sam, non-smoker, age 35 on his next birthday purchased a PRUSelect Vantage policy and selected a 20 years premium term, paying S$24,000 a year.

 pruselectvantagechart

In the first year, he'll receive $4,800 for this first year bonus.

After every 5 years, he'll receive his loyalty bonus when he pays his premiums regularly.

At the end of 20 years, at age 55, his premium term ends. The potential returns he will receive at age 60 is $1,248,2812 (projected at 9%) or $2,360,3812 at age 70 (projected at 9%).

 

arrow_red Click here to see the list of PRUSelect Funds and downloads

arrow_red Click here to see the PRUSelect Funds fund prices

 
1 The policy's loyalty bonus entitlement ceases once the premium payment term ends. To qualify for bonuses, you must meet the terms and conditions attaching to it.
2 The benefit illustration is based on projected investment returns of 9%. The rate of return is used purely for illustrative purposes - the actual rate may be higher or lower. The actual benefits payable will depend on the actual performance of the PRUSelect Fund(s) selected. The performance of the PRUSelect Fund(s) is not guaranteed and the cash value may be less than the capital invested.

Download Brochure

PRUSelect Vantage e-Brochure

PRUSelect Vantage Summary of Funds Booklet

PRUSelect Vantage Technical Product Booklet

 

arrow_red Click here to see the list of PRUSelect Funds and downloads

arrow_red Click here to see the PRUSelect Funds fund prices

Important Notes:
PRUSelect Vantage will give you access to confidential and proprietary information of Mercer and is intended for your exclusive reference, for general information purposes only. This information is not, nor intended to be, investment advice and shall not be relied on as such. All investment decisions shall be made independently by you, after duly considering and understanding the investment product(s), benefits and risks.

Notwithstanding any information provided to you in connection with the PRUSelect Vantage, you are advised to read Fund prospectuses, the accompanying Product Summary and Product Highlights Sheet (where applicable) before deciding whether to invest in such products. Neither Prudential Assurance Company Singapore (Pte) Limited (“Prudential Singapore”) nor Mercer gives any representations or warranties as to the accuracy of any information provided to you in connection with the PRUSelect Vantage. Neither Prudential Singapore nor Mercer accepts any responsibility or liability for any loss or damage which you may suffer arising out of or in connection with your use of the PRUSelect Vantage. Where appropriate, you are encouraged to seek independent legal, tax and other professional advice. As there may be market fluctuations and change in market conditions, you are also encouraged to refer to the subsequent model portfolios that will be updated on a quarterly basis. Such subsequent updated model portfolios can be obtained via your Prudential Financial Consultant.

Any opinion on or rating of investment products contained under the model portfolio or provided by Mercer, Prudential Singapore or any Prudential Financial Consultant in connection with the PRUSelect Vantage is not intended to convey any guarantee as to the future investment performance of such investment products. In addition, past performances of investment products cannot be relied upon as a guide or indicator to future performance of such products.

Notwithstanding anything above, Prudential Singapore reserves the right to discontinue the PRUSelect Vantage at anytime without reference or notification to you.

Note:
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 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.

Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units may fall as well as rise. You are recommended to seek advice from a qualified Prudential Financial Consultant or representative for a financial analysis before purchasing a policy suitable to meet your needs.

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 14 February 2012.