Analyse your life needs in detail and plan ahead for a brighter tomorrow.
We understand you want the assurance to receive income in your retirement years
You have been working hard to provide for your family, as well as to fulfill their dreams and aspirations. Even as you continue doing so, it is time to start thinking about a viable retirement plan that suits your needs. As you look to plan for your retirement, we know that you would like to have a retirement plan that provides you with a regular stream of retirement income, while being covered against the unforeseen at the same time.
PRUgolden income, a regular premium endowment plan, offers you a Monthly Income1 with a choice of different premium payment terms and Monthly Income Periods. A capital guaranteed plan2, PRUgolden income is designed to provide for a comfortable retirement planning so you may still enjoy life’s pursuits and achieve your desired financial goals. You can now be assured of enjoying your desired retirement plan with peace of mind.
|1||Monthly Income comprises a guaranteed portion and a non-guaranteed portion. The Monthly Income is paid to you every month throughout the Monthly Income Period commencing on the Policy Anniversary immediately before the life assured attains his selected retirement age of 55 or 62 and ending with the last Monthly Income instalment paid on the maturity date.|
|2||PRUgolden income is capital guaranteed if it is held till maturity and no alteration is made to the plan.|
|3||The guaranteed portion of the Monthly Income will increase annually at a simple interest of 2% starting from the second year of Monthly Income Period. Based on simple interest calculation, the yearly increment will be the same amount calculated at 2% of Initial Guaranteed Monthly Income.|
|4||If the life assured dies during the Accumulation Period, we will pay the higher of:
less any outstanding amounts owing to us.
If the client had reduced his premium previously, the total premiums paid will be calculated as if the revised reduced premium had been paid from the start of the policy.
If the life assured dies during the Monthly Income Period, we will pay the higher of:
plus any accumulated non-guaranteed Monthly Income.
We will deduct any:
|5||We will pay the Family Income Benefit upon the death of the life assured during the Monthly Income Period. We will pay a monthly payment equal to the Initial Guaranteed Monthly Income for 12 months or the remaining months to policy maturity, whichever is shorter.|
|6||An “Accident” is an unforeseen and involuntary event, which directly causes death or injury by violent, external and visible means, and is independent of any other cause (such as illness or disease of the life assured).|
|7||“Totally and Permanently Disabled” is when the life assured is totally and irrecoverably disabled as a result of which the life assured:
|8||If the life assured becomes Totally and Permanently Disabled because of an Accident before age 65, we pay this Disability Monthly Income until the maturity of the policy or upon the death of the life assured, whichever is earlier. The amount of the Disability Monthly Income will remain the same throughout the payment period. If the life assured stops being Totally and Permanently Disabled, we stop the Disability Monthly Income payments.|
|9||Initial Guaranteed Monthly Income is the guaranteed portion of the Monthly Income amount at the Cover Start Date of your policy and which is shown on your Certificate of Life Assurance.|
|10||Medical check-ups or answering questions about your health may be required for supplementary benefits. Other riders for this plan are available as well.|
|11||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.|
|12||Future premiums of the covered benefits are waived up to age 85 or until the end of the premium payment term, whichever is earlier.|
|13||Annual premium quoted (rounded to the nearest dollar) is based on a non-smoking male, age 40 next birthday (retirement age at 62 and Monthly Income Period of 20 years) with an Initial Guaranteed Monthly Income of $400.|
|14||Projected first year’s Monthly Income comprises of $400 guaranteed Monthly Income and $660 non-guaranteed Monthly Income. The illustrated non-guaranteed Monthly Income is projected assuming a projected investment return of 4.75% p.a. As non-guaranteed Monthly Income is not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.|
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 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.
The information on 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 only 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-Brochures, the English version shall prevail.
Information is correct as at 27 May 2016.