Wealth Accumulation | Investments

PRUSelect

A regular premium investment-linked plan that grows your wealth to help achieve your life goals.

What is PRUSelect?

A sound financial plan is essential to help you achieve your life goals. Start planning early to take advantage of emerging opportunities to grow your wealth.

PRUSelect is a regular premium investment-linked plan that invests and grows your wealth to potentially get the most of out it with loyalty bonus while providing you with life coverage. It also offers a range of premium payment terms with premiums starting from $4,200 p.a.

Invest today and grow your wealth one step at a time to achieve your financial goals.

Key Benefits

Maximise your wealth while staying protected

Make the most out of your money with 100% of premiums invested from day 1 and earn loyalty bonus every 5 years¹. The plan provides coverage on death² and accidental death³.

Personalised to your needs

This plan offers premium payment term options of 10, 15 or 20 years to suit your financial needs, with annual premiums starting from $4,200.

Simplify your investment journey

Invest in a curated suite of funds managed by trusted fund managers and you can perform fund switch with no additional charge to meet your changing needs and risk tolerance.

Hassle free application

Supplementary benefits

Early Payer Security

Early⁵ Stage Medical Conditions Benefit: Waives future premiums for 5 years, or the remaining premium payment term of the covered benefits, whichever is shorter.
Intermediate⁶ Stage Medical Conditions Benefit: Waives future premiums for 10 years, or the remaining premium payment term of the covered benefits, whichever is shorter.

Payer Security Plus

Helps to waive the premiums of your spouse’s or your child’s policy in the event that death, total and permanent disability⁷ or critical illness should strike you. This benefit covers you up to the end of the premium term or when you turn 85⁸, whichever is earlier.

Payer Security III

Waives the premiums of your child’s policy in the event that death, total and permanent disability or critical illnesses strike you or your spouse. This benefit covers you or your spouse up to the end of the premium term or when your child turns 25⁸, whichever is earlier.

Early Stage Crisis Waiver⁹

Waives your premiums of the covered benefits for 5 years upon the diagnosis of early stage medical conditions¹⁰ and allows a claim for a second time¹¹.
Waives your premiums for 10 years⁶ upon the diagnosis of intermediate stage medical conditions.

Crisis Waiver III¹²

Waives the future premiums¹⁰ of the covered benefits upon diagnosis of any one of the 35 critical illnesses listed.

Useful tools and Information

Check out these quick links

PRUSelect Funds

Needs Analysis Calculator

FAQs

Important information

About PRUSelect Funds

PRUSelect allows you to have access to our suite of expert-managed 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 PRUSelect funds, click here.

Footnotes

The policy’s loyalty bonus entitlement ceases once the premium payment term ends. To qualify for bonus, you must meet the terms and conditions attached to it. Please refer to the Product Summary for details on the fees and charges.

The death benefit refers to the value of all the units in the Account, less any outstanding amounts payable.

For accidental death benefit, we pay the higher of:

the value of all the units in the Account; or
105% of total premiums paid (excluding premiums for supplementary benefits) less any withdrawals and any charges applied on the reduction in premium,

less any outstanding amounts payable.

⁴

Medical check-ups or answering health-related questions may be required if the main life assured or policyowner(s) add(s)on optional supplementary benefits, or if the total premiums for selected plans per life assured issued in the past 24 months exceed S$15 million (or equivalent). Selected plans will be reviewed and determined by us from time to time.

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 Payer Security benefit will continue to be waived. It allows a second claim, provided it is not from the same medical condition as the first claim, and it does not fall within the same category of the first Early Stage Medical Condition.

⁶

If there was a successful claim under Early Stage Medical Conditions, the Intermediate Stage Medical Conditions benefit only waives 5 years of future premiums.

⁷

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

⁸

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

⁹

Early Stage Crisis Waiver can only be attached if Crisis Waiver III is attached to the same policy. The maximum premium waiver period under the Early Stage Crisis Waiver Benefit is 10 years, after which the benefit terminates and premium payment for the covered benefits will resume. The waiver duration is subject to the remaining premium term of the covered benefits and up to age 85.

¹⁰

After the end of the Early Stage Premium Waiver Period, premium payment for the covered benefis will resume, but the premiums for the Early Stage Crisis Waiver will continue to be waived.

¹¹

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.

¹²

Crisis Waiver III waives the future premiums of the covered benefits up to age 85.

Important 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.

PRUSelect is an Investment-Linked Plan (ILP) which invests in fund(s) that is available under PRUSelect. Investment products are subject to investment risks including the possible loss of the principal amount invested. The performance of the PRUSelect 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.

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 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 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 of 15 December 2023.

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

Additional Notes

PRUSelect will give you access to confidential and proprietary information of Model Portfolios developed by Mercer and is intended for your exclusive reference, for general information purposes only. This information is not, nor intended to be, investment advice and shall not be relied on as such. All investment decisions shall be made independently by you, after duly considering and understanding the investment product(s), benefits, and risks.

Notwithstanding any information provided to you in connection with the PRUSelect, you are advised to read Product Summary, Fund prospectuses and Product Highlights Sheet with respect to the relevant investment products before deciding whether to invest in such products. Neither Prudential Assurance Company Singapore (Pte) Limited (“Prudential Singapore”) nor Mercer gives any representations or warranties as to the accuracy of any information provided to you in connection with the PRUSelect. Neither Prudential Singapore nor Mercer accepts any responsibility or liability for any loss or damage which you may suffer arising out of or in connection with your purchase of the PRUSelect. Where appropriate, you are encouraged to seek independent legal, tax and other professional advice.

As there may be market fluctuations and change in market conditions, you are also encouraged to refer to the subsequent model portfolios that will be updated on annual basis (for PRUSelect). Such subsequent updated model portfolios can be obtained via your Prudential Financial Consultant and will be made available in PRUaccess.

Any opinion on or rating of investment products contained under the model portfolio developed by Mercer in connection with the PRUSelect is not intended to convey any guarantee as to the future investment performance of such investment products or model portfolios. In addition, past performances cannot be relied upon as a guide or indicator to future performance.

Notwithstanding anything above, Prudential Singapore reserves the right to discontinue the PRUSelect at any time without reference or notification to you.

Note: Applicable only to customers prior to 2^nd March 2023.

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