PRUsave

We understand you want to save and protect your life goals against uncertainties

Saving for the future is the first step towards achieving your dreams. Whatever your commitments may be, whether it’s seeing your child through university, buying a new home or enjoying retirement, you can attain your important milestones with a plan that helps you save while being covered against the unforeseen at the same time.

PRUsave, a regular premium endowment plan, offers you both the benefits of disciplined savings and protection in a single plan. Designed to offer you a choice of different policy terms that best suit your life’s changing needs, you can now be assured that even while you save, you and your loved ones are protected against the unforeseen.

 

English Brochure

Chinese Brochure

Highlights

Flexible Policy Term 

Choice of policy term from 10 to 45 years

Protection Coverage 

Death, Terminal Illness1 & Disability1

Buy Another Policy 

Without medical underwriting during major life's milestone2

Product Details

 
Product Type

Endowment

Payment Term

Regular Premium:

  • 10 to 45 years
Policy Term

10 to 45 years

Death:

  • Up to 80 Age Next Birthday

Total & Permanent Disability & Terminal Illness:

  • Up to 65 Age Next Birthday
Issuance Age

1 to 70 Age Next Birthday

Limits

Minimum Sum Assured:

  • $10,000

Maximum Sum Assured:

  • $1,000,000, where the life assured is 1 to 16 Age Next Birthday at entry

Minimum Annual Premium:

  • $600
Maturity Benefit

100% sum assured plus all bonuses3 (if any), less any amounts owing to us.

Death Benefit

100% sum assured plus all bonuses3 (if any), less any amounts owing to us.

Total & Permanent Disability Benefit

100% sum assured plus all bonuses3 (if any), less any amounts owing to us.

Cash Benefit

Not Applicable

Critical Illness Benefit

Not Applicable

Accidental Death Benefit

Not Applicable

Enhance Your Coverage

Early Stage Crisis Waiver, Crisis Waiver III, Early Payer Security, Payer Security III / Payer Security Plus

How PRUsave works:

Example 1:

Mr Lim (male, non-smoker), age 35 next birthday, wants to start saving for the university education for his son, Kevin (male, non-smoker), age 1 next birthday. He is able to set aside S$4,1084 per annum for the next 20 years. At the end of 20 years, his total projected maturity payout amount will be S$117,1035.

Policy Term (Years) Annual Premium4 
(Payable for 20 years)
Projected Amount Receivable at Maturity
Guaranteed Non-Guaranteed5 Total5
20 S$4,108 S$70,000 S$47,103 S$117,103

 

Example 2:

Mr Goh (male, non-smoker), age 45 next birthday, hopes to retire by age 65. He is able to set aside S$6,0266 yearly for the next 20 years. At the end of 20 years, Mr Goh looks to receive a projected maturity benefit of S$167,2905. Here’s how PRUsave may help Mr Goh to prepare for his retirement.

Policy Term (Years) Annual Premium
(Payable for 20 years)
Projected Amount Receivable at Maturity
Guaranteed Non-Guaranteed5 Total5
20 S$6,026 S$100,000 S$67,290 S$167,290

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. We will either pay for Terminal Illness or Total and Permanent Disability, but not both.
  2. You can choose to take up a new endowment or term plan. This benefit is only applicable to PRUsave purchased on standard terms. The sum assured for the new policy at each life event cannot be more than 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 a lifetime of the Life Assured. The maximum additional cover for these two life events can only be up to 50% of the original sum assured or S$300,000, whichever is lower.
  3. Bonuses, if any, are not guaranteed and will vary according to the future performance of the participating fund.
  4. Premium quoted is based on a non-smoking male, age 1 next birthday with PRUsave (policy term of 20 years) with a sum assured of S$70,000.
  5. The illustrated values use bonus rates assuming a projected investment rate of return of 4.75% per annum for the participating funds. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund.
  6. Premium quoted is based on a non-smoking male, age 45 next birthday with PRUsave (policy term of 20 years) with a sum assured of S$100,000.

 

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 some of 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 22 March 2017.

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