PRUActive Retirement II
A highly customisable retirement plan to suit your changing needs. Take charge of your retirement years today.
With careful planning, you can save enough for a confident retirement while juggling many current priorities. PRUActive Retirement II, is a one-of-a-kind plan, that is customisable to your needs with monthly income that never decreases. Achieve the freedom to pursue your dreams and be one step closer to the retirement you desire.
From now to 30 September 2021, enjoy voucher rewards of up to 15% of your first-year premium* or up to 2% of your single premium* when you sign up today.
We strive to make a difference to your life by providing you with suitable financial insurance plans.
A. Promotion Details
|Eligible Insurance Plan||Premium Payment Term||Minimum Annualised /Minimum Single Premium 1($)||Reward (Voucher value expressed as a % of first-year/ single premium2)|
|PRUActive Retirement II||less than 10 years||less than 24,999||2.5%|
|10 years or more||less than 9,999||2.5%|
|Single||less than 99,999||0.5%|
1The Minimum Annualised Premium is defined as the total premium due in a year for the basic policy and supplementary benefit(s). The Minimum Single Premium is defined as a single up-front premium payment to fully pay for the basic policy.
2Voucher value is based on the first-year or single premium that includes the premium for the basic policy and supplementary benefit(s), where applicable. The vouchers value is fixed as a % of first-year or single premium, rounded to the nearest tenth. For example, if a customer meets the minimum annualised premium criteria, qualifying for a 12.5% reward and paying a premium of S$10,000 for a period of 10 years, he/she will receive S$1,250 worth of vouchers.
In order to be eligible for the Promotion, the Eligible Customer has to satisfy the following requirements during the Promotion Period in order to receive the Reward (as defined in the Promotion Table):
B. General Terms and Conditions
1Subject to the performance of the participating fund. The step up income is at least the same or more than the previous year.
2Policyowner is allowed to change the Payout Period any time until two months before the start of the payout period. The choice of Payout Period are: 10,15, 20, 25 or 30 years.
3Choice of Payout Age from age 50 to 90.
4PRUActive Retirement II provides coverage against Total and Permanent Disability during the term of the policy, or before the policy anniversary prior to the life assured attaining age 70, whichever is earlier.
5Effective only if main life assured passes on after premium payment ends, applicable for joint ownership between husband and wife.
6Crisis Waiver III waives the future premiums of the covered benefits up to age 85.
7After 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.
8The 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.
9If there was a successful claim under Early Stage Medical Conditions, the Intermediate Stage Medical Conditions Benefit only waives 5 years of future premiums.
10 The Minimum Annualised Premium is defined as the total premium due in a year for the basic policy and supplementary benefit(s).
11 The Minimum Single Premium is defined as a single up-front premium payment to fully pay for the basic policy.
12 Voucher value is based on the first-year premium or single premium that includes the premium for the basic policy and supplementary benefit(s). The vouchers value is fixed as a % of first-year premium or single premium, rounded to the nearest tenth. For example, if a customer meets the minimum annualised premium criteria, qualifying for a 15% reward and paying a premium of S$35,000, he/she will receive S$5,250 worth of vouchers.
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.
The information contained herein 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 this insurance product in the policy documents that can be obtained from your Prudential Financial Consultant.
The information contained herein 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.
These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policies 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 at 1 September 2021.
This advertisement has not been reviewed by the Monetary Authority of Singapore.