Analyse your life needs in detail and plan ahead for a brighter tomorrow.
PRUincome rewards
We understand you wouldn't want to worry about a steady income in the future.
PRUincome rewards is a flexible and affordable plan that offers you a regular stream of income and two extra cash lump-sum rewards which may provide a double boost to your pool of savings during policy term.
Benefits*
- Receive a guaranteed Monthly Income for 15 years*
- Enjoy two lump sum cash rewards* made up of
- The Income reward, a guaranteed payout equivalent to 12 times the Monthly Income at the beginning of the Monthly Income Period1
- The Maturity Reward2, a lump sum cash reward receivable at the end of the policy term
- Flexible policy term
- PRUincome rewards @ 10 (10 year limited pay)
- PRUincome rewards @ 50 (pay premiums till age 50)
- PRUincome rewards @ 60 (pay premiums till age 60)
- Guaranteed issuance
- Enjoy additional protection for greater assurance
- Death benefit
- During Accumulation Period, the death benefit will be the higher of
- 105% of total premium paid at time of death; or,
- 101% of surrender value at time of death
- During Monthly Income Period, the death benefit will be the higher of
- 101% of the surrender value at time of death; or,
- The remaining Monthly Income instalment at the time of death
- During Accumulation Period, the death benefit will be the higher of
- Death benefit
| * | Terms and conditions apply |
| 1 | The Monthly Income Period will start after the Accumulation Period |
| 2 | The Maturity Reward is not guaranteed. |
How it works
Three options to suit your needs
PRUincome rewards lets you choose from three options. Select the one that meets your need for peace of mind and financial security in the years to come.
| PRUincome rewards 10 | PRUincome rewards @50 | PRUincome rewards @60 | |
| Premium Payment Term | 10 years | Up to age 50 | Up to age 60 |
| Accumulation Period | 15 years | Up to age 55 | Up to age 65 |
| Monthly Income Period | 15 years | 15 years | 15 years |
An example: Mr Lim, aged 35 on his next birthday, aims to retire comfortably by 65 years old. On top of his other retirement plans, he wants a monthly payout of S$473 and two lump sum cash rewards for greater financial security. To have the additional retirement funds, he only needs to set aside S$204 per month, up to age 60. Here's how PRUincome rewards @60 may help Mr Lim if he selects the payout option to draw down part of his Maturity Reward.
| 1 | Immediately after the Premium Term, the policy continues for another 5 years, making this whole period the 'Accumulation Period'. |
| 2 | The illustrated values use bonus rates assuming a projected investment rate of 5.25% p.a. As bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of participating funds. |
Who can apply
- For those between 16 and 54 years of age seeking a steady stream of regular income and two extra cash rewards to boost their financial reserves for the later years.
Download Brochure
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.
