PRUlife multiplier flex

There are certain things that you will always need more of – assurance is one of them, especially the assurance that your loved ones will be well taken care of, regardless of what the future brings.

Designed with this in mind, PRUlife multiplier flex is a whole of life plan that optimises your protection based on your needs, offering you coverage1 for death, Disability2, Terminal Illness and Critical Illness. With PRUlife multiplier flex, you can chooseto multiply your total coverage by 3 or 4 times, and select the premium4 payment term that’s most suitable for you. This plan also has cash value5 that can be accumulated over time.

Protect your family against a multitude of uncertainties with PRUlife multiplier flex today.

HighLights

Whole Life Insurance - Multiplied Coverage

Multiplied coverage3 based on your needs

Whole Life Insurance - Age 65 or 70

For Multiplied coverage3

Whole Life Insurance - Four Premium Payment Term

Choose the premium4 payment term that suits your budget

Whole Life Insurance - No Medical Underwriting

No medical underwriting during major life's milestones6

Product Type

Whole Life

Payment Term

10, 15, 20 or 25 years

Policy Term

Death, Terminal Illness & Critical Illness:

  • Whole of Life


Total & Permanent Disability2:

  • Up to age 70
Issuance Age

10, 15, 20 year premium payment term:

  • 1 to 60 Age Next Birthday

25 year premium payment term:

  • 1 to 55 Age Next Birthday
Limits

Minimum Sum Assured:

  • $10,000

Maximum Multiplier Benefit:

  • $1,000,000 for entry age between 1 Age Next Birthday to 16 Age Next Birthday

Minimum Annual Premium:

  • $800
Maturity Benefit

Not Applicable

Death Benefit

Before the Multiplier Benefit expiry age, the Death Benefit is the:
Higher of

  1. the sum assured and non-guaranteed bonuses; or
  2. the Multiplier Benefit

less any amounts owing to us.

From the Multiplier Benefit expiry age and above, the Death Benefit is the sum assured and non-guaranteed bonuses, less any amounts owing to us.

Total & Permanent Disability Benefit

Before the Multiplier Benefit expiry age, the Death Benefit is the:
Higher of

  1. the sum assured and non-guaranteed bonuses; or
  2. the Multiplier Benefit

less any amounts owing to us.

From the Multiplier Benefit expiry age and above, the Death Benefit is the sum assured and non-guaranteed bonuses, less any amounts owing to us.

Cash Benefit

Not Applicable

Critical Illness Benefit

Before the Multiplier Benefit expiry age, the Critical Illness Benefit is the:
Higher of

  1. the sum assured and non-guaranteed bonuses; or
  2. the Multiplier Benefit

less any amounts owing to us.

From the Multiplier Benefit expiry age and above, the Critical Illness Benefit is the sum assured and non-guaranteed bonuses, less any amounts owing to us.

Accidental Death Benefit

Not Applicable

Enhance Your Coverage

Early Crisis Multiplier Flex, Accident Assist, Early Payer Security, Payer Security III / Payer Security Plus

Multiplier Benefit at a glance:

Plan Type Optional
Supplementary Benefit
Multiplier Benefit
Expiry Age
Multiplier Benefit+ before the Multiplier Benefit Expiry Age or Cover Expiry Date^
PRUlife multiplier flex 65 3x Early Crisis Multiplier Flex 65 3x 65 years 300%
PRUlife multiplier flex 65 4x Early Crisis Multiplier Flex 65 4x 65 years 400%
PRUlife multiplier flex 70 3x Early Crisis Multiplier Flex 70 3x 70 years 300%
PRUlife multiplier flex 70 4x Early Crisis Multiplier Flex 70 4x 70 years 400%

 

+ Multiplier Benefit is the relevant percentage of the sum assured.
^ Whichever occurs first. The Cover Expiry Date only refers to the Total and Permanent Disability Benefit and is the Policy Anniversary before the life assured turns 70 years.

Whole Life Insurance - PRUlife multiplier flex Infographic

Note:

  1. The payout for Total and Permanent Disability, Terminal Illness and Critical Illness accelerates the death benefit sum assured. Upon a claim for death, Accelerated Total and Permanent Disability, Accelerated Terminal Illness.
  2. Provides coverage against Total and Permanent Disability before the Cover Expiry Date, which is the policy anniversary before the life assured turns 70 years.
  3. Refer to Multiplier Benefit.
  4. Premiums are not guaranteed during the premium payment term.
  5. Acquires a cash value after 36 months of premium have been paid and policy is in-force for 36 months. Includes non-guaranteed bonuses which will vary according to the future experience of the participating fund.
  6. Option to buy another Whole Life, Endowment or Term policy without evidence of good health on selected life events (marries; or become a parent/delivers a baby; adopts a children through legal means; death of a spouse; marriage of his/her child; his/her entering primary school or his/her entering secondary school) for Life Asssured who is age less then 50 and policy issued on standard terms. 
  7. Refer to Multiplier Benefit. The selected Multiplier Benefit for Early Crisis Multiplier Flex must be the same as PRUlife multiplier flex's Multiplier Benefit.
  8. Early Stage and Intermediate Stage benefits payout under Early Crisis Multiplier Flex will reduce the PRUlife multiplier flex policy sum assured. If the sum assured of both PRUlife multiplier flex and Early Crisis Multiplier Flex is the same and a benefit payout for 100% of the sum assured from Early Crisis Multiplier Flex is made, the PRUlife multiplier flex policy and the Early Crisis Multiplier Flex benefit will terminate. A claim under the Critical Illness benefit within the PRUlife multiplier flex policy could result in either a reduction of sum assured or termination of Early Crisis Multiplier Flex.
  9. The illustrated values use bonus rates assuming a projected investment rate of 4.75% p.a. As bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.


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 for distribution 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 this brochure, the English version shall prevail.

Information is correct as at 22 March 2017.

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