PRUwealth (SGD)

We understand you want to grow your savings, surely and securely.

In this environment of rising costs and inflationary pressures, wouldn’t it be ideal if your savings continue to earn healthy returns and counter the impact of inflation in the long term?

With PRUwealth (SGD), you can do just that. PRUwealth (SGD) ensures that your capital remains intact in the long term after the 20th year1, while giving you potentially higher returns. This allows you to see real growth in your PRUwealth (SGD) plan without having to worry about market volatility.

Moreover, with the Joint Ownership option, your policy continues2 and your savings will grow uninterrupted should the unforeseen happen to you or your spouse.

 

English Brochure

Chinese Brochure

Highlights

PRUwealth Capital Guaranteed - Endowment Plan Insurance

After the 20th year1

PRUwealth Choice of Premium Payment Term - Endowment Plan Insurance

5, 10 or 20 years

PRUwealth Grow Wealth Up to 100 years - Endowment Plan Insurance

Joint Ownership & Secondary Life Assured4 options for policy continuity

PRUwealth No Medical Underwriting - Endowment Plan Insurance

No medical underwriting5

Product Details

Product Type

Endowment

Payment Term

Limited Premium

  • 5, 10 or 20 years
Policy Term

Up to 100 Age Next Birthday3

Issuance Age

5-pay:

  • 1 to 75 Age Next Birthday

10-pay:

  • 1 to 70 Age Next Birthday

20-pay:

  • 1 to 60 Age Next Birthday
Limits

Minimum Face Value:

  • $10,000

Minimum Annual Premium:

  • $2,400
Maturity Benefit

Face Value6 plus bonuses (inclusive of Reversionary and Performance Bonuses), less any policy loan (including interest), Automatic Premium Loan (including interest), S&N loan and all other outstanding amounts owning to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses) incurred by us on the policy.

Death Benefit

The higher of:

  1. 105% of the total premiums paid (excluding premiums for supplementary benefits (if any) less any bonus surrendered^(if any); or
  2. 101% of the surrender value

less any amounts owing to us.

^ this would be the amount paid out when the bonus was surrendered

Total & Permanent Disability Benefit

Not Applicable

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 PRUwealth (SGD)works:

Mr Tan (male, non-smoker), age 40 next birthday, wants to start a long-term insurance savings plan by setting aside $5,000 per year for 10 years7, and also wants to have the option of withdrawing8 some portion of his money whenever there is a need.

Scenario 1:
How PRUwealth (SGD) works if Mr Tan plans to save on a long-term basis
Mr Tan chooses to accumulate his savings without making any withdrawals, so he could have more when he decides to surrender his policy at a later age. He will get $127,786* (more than 2X of his premiums paid) at age 70, $159,865* (more than 3X of his premiums paid) at age 75, or $236,574* (more than 4X of his premiums paid) at age 85 when he chooses to surrender the plan.

Scenario 2:
How PRUwealth (SGD) works if Mr Tan plans to withdraw from his policy
At age 62, Mr Tan plans to withdraw $30,000 to celebrate the start of his retirement by taking up a dream hobby. At age 70, he decides to withdraw another $20,000 as a gift for his newborn grandson. He then decides to surrender his policy at age 85 so that he could pass his savings to his loved ones, and his surrender value for his policy will be $123,761*.
 

PRUwealth - How do Endowment Insurance Policies Work

* 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.

Joint Ownership

PRUwealth (SGD) comes with a Joint Ownership option, a feature that allows continued access to your PRUwealth (SGD) policy should the unforeseen occur to either of the joint owners. With Joint Ownership for PRUwealth (SGD), the surviving spouse becomes the sole policy owner, and this ensures that your hard-earned savings continue to grow uninterrupted.

A PRUwealth (SGD) policy with Joint Ownership is only available for purchase by married couples.

How the Joint Ownership in PRUwealth (SGD) works:

PRUwealth - Joint Ownership Option

 

Videos

PRUwealth (SGD)

PRUwealth (SGD) (chinese)

Footnotes:

  1. This is provided there has not been any policy alterations such as partial surrender since inception.
  2. The policy continues for as long as the life assured lives and policy remains in force.
  3. Policy matures on the policy anniversary before original primary life assured turns 100 years old.
  4. Appointment of secondary life assured is restricted to the policy owner’s immediate family members and is subject to acceptance by Prudential.
  5. Medical check-ups or answering health-related questions may be required if the primary life assured or policy owner(s) add(s) an optional supplementary benefit; or if the total premiums for selected plans per life assured issued in the past 24 months exceeds S$5 million (or equivalent). Selected plans will be reviewed and determined by Prudential from time to time.
  6. The Face Value is not the sum assured of your policy. The Face Value is notional value used to determine the Revisionary Bonus (non-guaranteed), and the Maturity Benefit.
  7. Premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, with a Face Value of $52,100.
  8. Any withdrawal from a PRUwealth (SGD) policy is a partial surrender and must be requested by the customer. A withdrawal will result in a reduction in the long-term value of the policy. If the policy is surrendered, the surrender value payable (if any) may be less than the total premiums paid.
  9. Any surrender or partial surrender will result in a reduction in the long term value of your policy and must be requested by the customer. If you surrender the policy, the surrender value payable (if any) may be less than the total premiums paid.

 

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.

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 this website, the English version shall prevail.

Information is correct as at 22 March 2017.

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