PRUVantage Assure
What is PRUVantage Assure?
While accumulating wealth is key to reaching your financial goals, keeping it safeguarded is essential to ensure financial security for you and your loved ones in times of need.
PRUVantage Assure allows you to invest and protect your wealth at the same time. Weather unexpected life events without compromising your lifestyle and the success you have achieved.
The Wealth Assure feature locks in coverage1 at the highest point of your policy value2, protecting you from market downturns in the event of death or accidental disability3. With your wealth secured, you can focus on maximising new opportunities to grow your wealth with our suite of curated PRULink funds. Don’t let unexpected changes hold you back. Choose PRUVantage Assure, a plan made for change.
Key Benefits
First-in-market Wealth Assure feature
Optimise wealth for growth
Transfer wealth across generations
Flexibility to keep up with changing needs
Supplementary benefits
Crisis Waiver III
- Waiver of premiums9 upon diagnosis of any one of the 35 critical illnesses listed
Early Stage Crisis Waiver
- Waiver of premiums for 5 years upon diagnosis of early stage medical conditions10 and allows a claim for a second time11
- Waiver of premiums for 10 years12 upon diagnosis of intermediate stage medical conditions
- Waive the premiums of your spouse’s or child’s policy in the event that death, total and permanent disability13 or critical illness should strike you
- This benefit covers you up to the end of the premium term or when you turn 85, whichever is earlier
Payer Security Plus
Useful tools and Information
Important Information
About PRULink Funds
PRUVantage Assure allows you to have access to our suite of expert-managed PRULink funds.
Choose funds aligned to your risk appetite and preferences, and make unlimited fund switches as your risk profile or financial goals change.
To find out more about PRULink funds, click here.
Footnotes
1We pay the highest of:
(a) the sum assured;
(b) the Wealth Assure value; or
(c) the account value from the Initial Investment Account,
plus the account value from the Additional Investment Account, less any outstanding amount payable and withdrawals.
2Refers to the account value of the initial investment account, adjusted for changes in the benefits or partial withdrawals, if any.
3Coverage ends on the policy anniversary before the life assured turns 70.
4Administration charge and payment duration varies for single premium and regular premium policy.
5Welcome bonus only applies to regular premium policy, awarded in the form of additional units allocated in the first policy year.
6Computed based on the latest Initial Investment Account value.
7Only allowed after two years from policy inception.
8 You can reduce sum assured and/or Wealth Assure value after 8 years for single premium policy or after admin charge period for regular premium policy from the cover start date and cannot be lower than 125% of total premiums paid (less any withdrawals from the Initial Investment Account).
9Crisis Waiver III waives the future premiums of the covered benefits up to the end of premium term or age 85, whichever is earlier.
10After the end of the Early Stage Premium Waiver Period, premium payment for the covered benefits will resume, but the premiums for the Early Stage Crisis Waiver will continue to be waived.
11The second claim will waive the premium for another 5 years. This is provided the second claim is not for the same medical condition as the first claim, and it does not fall within the same category of the first early stage medical condition.
12If there was a successful claim under early stage medical conditions, the Intermediate Stage Medical Conditions Benefit only waives 5 years of future premiums.
13Total and permanent disability coverage is up to the policy anniversary on which the person covered under Payer Security Plus turns 65 years old.
Additional Notes
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.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
PRUVantage Assure is an Investment-Linked Plan (ILP) which invests in ILP sub-fund(s). Investment products are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units and the income accruing to the units (if any) may fall or rise. Past performance is not necessarily indicative of future performance.
If you choose an ILP sub-fund that aims to distribute dividends on a regular basis, please note that the distribution of dividends is at the discretion of the underlying fund’s Board of Directors, Manager and/or Prudential Singapore, and is not guaranteed. The distribution of dividends may be effectively paid out of capital, which will reduce the net asset value of the fund which is used to calculate the fund’s unit price and the surrender value of the policy.
A product summary and product highlights sheet(s) relating to the ILP sub-fund(s) are available and may be obtained from your Prudential Financial Consultant. A potential investor should read the product summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP sub-fund(s).
Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for the supplementary benefit 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 the product brochures, the English version shall prevail.
These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
Information is correct as of 17 October 2023.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
