Wealth Accumulation | Savings

PRULifetime Income Plus

Fuel your passions with a lifetime of income

What is PRULifetime Income Plus?

Future-proof your financial wellbeing and live your life to its fullest.

There is no secret to success. It is a result of preparation, hard work and not leaving things to chance. No one understands this better than you.

PRULifetime Income Plus empowers you to live life to its fullest and ensures that your loved ones are provided for. It is a participating whole life insurance plan that provides you a lifetime of regular monthly cash benefits, as well as coverage against death¹ and other protection benefits, enabling you to plan for yourself and loved ones without compromise. You can choose to pay regular premium of 4 or 10 years while enjoying a lifetime of coverage.

Key Benefits

Enjoy regular income for life

Receive monthly cash benefit from the 49^th policy month onwards for as long as the life assured lives².

Opportunity to grow your wealth

You can choose to accumulate your monthly income with us for an annual interest³.

Flexibility to manage your wealth

You have the flexibility to change life assured to a loved one for an individual-owned policy, or an employee for a corporate-owned policy as desired.

Assurance with coverage for life’s ups and downs

Protect your loved ones from life uncertainties with coverage for death¹ and total and permanent disability. Receive one-time lump sum payout in the event of retrenchment⁴ during premium payment term.

Supplementary benefits

Early Stage Crisis Waiver

Waiver of premiums for 5 years upon diagnosis of early stage medical condition⁵ and allows a claim for a second time⁶
Waiver of premiums for 10 years⁷ upon diagnosis of intermediate stage medical conditions

Crisis Waiver III

Waiver of premiums⁵ upon diagnosis of any one of the 35 critical illnesses listed

Payer Security Plus

Waive the premiums of your spouse’s or child’s policy in the event of death, total and permanent disability⁸ or critical illness
This benefit covers you up to the end of the premium term or when you turn 85, whichever is earlier⁹

Important Information

Footnotes

Death Benefit will be the higher of (i) 101% of total premiums paid (excludes premiums paid for supplementary benefits (if any)); or (ii) 101% of the surrender value as at the time of death, plus any cash benefit left with us, less any amounts you owe us.

If death is due to an accident, the Accidental Death Benefit will be the higher of (i) 105% of total premiums paid (excluding premiums paid for supplementary benefits (if any)); or (ii) 101% of the surrender value as at the time of death, plus any cash benefit left with us, less any amounts you owe us.

When there is no change in life assured.

The interest rate is not guaranteed and is subject to change.

⁴

Waiting period of 90 days applies. Payable during the premium payment term when the policyowner is retrenched and remains unemployed for 30 continuous days from the date of retrenchment before turning 65 years old.

⁵

After 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.

⁶

The 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.

⁷

If there was a successful claim under early stage medical conditions, the Intermediate Stage Medical Conditions Benefits only waives 5 years of future premiums.

⁸

Total and permanent disability coverage is up to the policy anniversary on which the person covered under Payer Security Plus turns 65 years old.

⁹

The waiver of premiums will be until the policy anniversary before the stated age.

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.

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 this insurance product 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 e-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 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 3 April 2023.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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