Universal life insurance product - PRU-FLEXI PROTECT

The maximum between:          

• 100% sum assured; and
• Target Premium account value at the insurance event

Plus, Excess Premium account value

Loyalty bonus

• 100% of annualized Target Premium on 10^th policy anniversary date.
• 75% of annualized Target Premium on 15^th policy anniversary date and every 5 years thereafter

Retention bonus

• 4% of average preceding 60-month Policy Account value starting from 20th anniversary date and every 5 years thereafter.

Universal Life crediting rate (UL interest)

• Policy account value will be credited the monthly interest from Universal Life Fund which is declared by Prudential, and the interest is not lower than guaranteed interest.

Guaranteed Insurability Option

• During the whole policy term, PO has the right to increase SA after inception without UW within 90 days from the date of following events:
  • LA’s marriage;
  • LA’s having a baby or adopting a child; or
  • LA’s child joining school including primary school, secondary school, or high school, or university.

Maturity benefit

• 100% Policy Account Value

All features and insurance benefits presented herein are summarized for reference only. All features and conditions thereof shall be carried out in accordance with the Terms and Conditions as approved by the Ministry of Finance.

Key Exclusions

Prudential will not pay insurance benefits if the insurance event occurs due to or related to one of the following causes:

Death claim

• Suicide whether sane or insane, within 24 months from Policy Effective Date or the latest Reinstatement date, whichever is later; or
• HIV infection, Acquired Immune Deficiency Syndrome (AIDS) and/ or AIDS related diseases; except the case HIV or AIDS acquired when performing work duty as a medical staff or police officer
• Executed the death sentence; or
• Intentional acts of Life Assured, Policyholder, and/ or the person who receives the benefit.

TPD claim

• Occurs prior to Policy Effective Date, or prior to the latest reinstatement date, whichever is later; or
• Be the result of attempting suicide caused TPD or self-inflicted injury of Life Assured whether sane or insane; or
• Participate in flying aircrafts or any aviation activities except for as a fare-paying passenger of scheduled and licensed commercial aircrafts; or
• Be the result of intentional acts of Life Assured, Policyholder, and/or the person who receives the insurance benefits.

All information presented herein are of summarized nature and for reference only. All conditions thereof shall be carried out in accordance with the terms and conditions as approved by the Ministry of Finance.