PRUflexi rewards

We understand you want to receive rewards sooner even as you save

We know that you’re always on the lookout for ways to manage your future and grow your savings. Be it for a marriage, buying a house or even saving for your children’s education, growing your savings for these purposes can be immensely fulfilling.

PRUflexi rewards is an endowment plan designed to give you Yearly Cash Benefit1, empowering you to save and indulge all at once. It also provides you with coverage against unforeseen circumstances.

 

English Brochure

Chinese Brochure

Highlights

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After 2nd policy anniversary1

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death, Terminal Illness2 & Disability2

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Without medical underwriting3 during major life's milestones

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15 or 25 years

Product Details

Product Type

Endowment

Payment Term

Regular Premium:

  • 15 or 25 years
Policy Term
  1. 15 or 25 years
  2. Total & Permanent Disability & Terminal Illness: Up to 65 Age Next Birthday
Issuance Age

Policy Term 15:

  • 1 to 60 Age Next Birthday

Policy Term 25:

  • 1 to 50 Age Next Birthday
Limits

Minimum Guaranteed Yearly Cash Benefit:

  • $500

Maximum Guaranteed Yearly Cash Benefit:

  • $50,000 where life assured is 1-16 Age Next Birthday at entry.

Minimum Annual Premium:

  • $800
Maturity Benefit

Remaining Cash Benefit plus accumulated interest (if any) + bonuses4 (if any), less any outstanding amounts owing to us.

Death Benefit

110% of Total Premiums Paid (excluding premiums for supplementary benefit (if any)), plus accumulated Cash Benefit (if any), less any amounts owing to us

Total & Permanent Disability Benefit

110% of Total Premiums Paid (excluding premiums for supplementary benefit (if any)), plus accumulated Cash Benefit (if any), less any amounts owing to us

Cash Benefit

Yearly guaranteed Cash Benefit of 5% of the sum assured from the 2nd policy anniversary.

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 PRUflexi rewards works:

Mr. Lim, non-smoker, aged 30 on his next birthday, is looking for a plan that helps him to save for the future while giving him financial flexibility to pursue his current needs. By setting aside $2,5395 annually for 25 years, Mr. Lim can look forward to receiving a Yearly Cash Benefit1 of $1,800 after the 2nd Policy Anniversary.

End of Policy Year Annual Premium5 Projected Amount6 receivable at
end of each Policy Anniversary
Guaranteed1 Non-guaranteed1 Total
1 $2,539 - - -
2 $2,539 $1,500 $300 $1,800
3 $2,539 $1,500 $300 $1,800
4 $2,539 $1,500 $300 $1,800
5 $2,539 $1,500 $300 $1,800
6 $2,539 $1,500 $300 $1,800
7 $2,539 $1,500 $300 $1,800
8 $2,539 $1,500 $300 $1,800
9 $2,539 $1,500 $300 $1,800
10 $2,539 $1,500 $300 $1,800
11 $2,539 $1,500  - $1,500
12 $2,539 $1,500  - $1,500
13 $2,539 $1,500  - $1,500
14 $2,539 $1,500  - $1,500
15 $2,539 $1,500  - $1,500
16 $2,539 $1,500  - $1,500
17 $2,539 $1,500  - $1,500
18 $2,539 $1,500  - $1,500
19 $2,539 $1,500  - $1,500
20 $2,539 $1,500  - $1,500
21 $2,539 $1,500  - $1,500
22 $2,539 $1,500  - $1,500
23 $2,539 $1,500  - $1,500
24 $2,539 $1,500  - $1,500
25 $2,539 $1,500 $46,1887 $47,688
Total $63,475 $36,000 $48,888 $84,888

Footnotes:

  1. Yearly Cash Benefit consists of a Guaranteed and non-guaranteed Yearly Cash Benefit. The Guaranteed Yearly Cash Benefit is a payout amount selected by the customer and starts after the 2nd Policy Anniversary. The non-guaranteed Yearly Cash Benefit is projected to be 20% of the Guaranteed Yearly Cash Benefit, starting after the 2nd Policy Anniversary and is payable yearly up to the 5th Policy Anniversary for policies with a term of 15 years, and payable up to the 10th Policy Anniversary for policies with a term of 25 years.
  2. Policy provides coverage against Terminal Illness and Total and Permanent Disability before the cover expiry date, which is the policy anniversary on which the Life Assured is aged 65 next birthday, or the end of the policy term, whichever is earlier. The Life Assured can claim for either Terminal Illness or Total and Permanent Disability, but not both.
  3. This benefit is only applicable to policies that are 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 $150,000, whichever is lower. The option to purchase a new policy can only be exercised twice in the lifetime of the Life Assured. The maximun cover for these two life events can only be up to 50% of the original sum assured or $300,000, whichever is lower. 
  4. Bonuses, if any, are not guaranteed and will vary according to future performance of the participating fund.
  5. Annual premium quoted (rounded up to the nearest dollar) is based on a male, non-smoker, age 30 next birthday, with a selected Guaranteed Yearly Cash Benefit of S$1,500.
  6. The illustrated values uses the bonus rate and non-guaranteed Yearly Cash Benefit rate assuming a projected investment rate of return of 4.75% per annum for the participating fund. As the bonus rates and non-guaranteed Yearly Cash Benefits are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund. The illustrated value also includes interest accumulated at a non-guaranteed interest rate of 3% per annum when Yearly Cash Benefits are accumulated.
  7. A maturity benefit is payable on maturity of the policy. For a policy with a 15 year term, the maturity benefit consists of 11 times of the Guaranteed Yearly Cash Benefit plus a non-guaranteed maturity bonus. For a policy with a 25 year term, the maturity benefit consists of the final Guaranteed Yearly Cash Benefit plus a non-guaranteed maturity bonus.

 

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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