| Maturity Benefit |
100% policy account value
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| TPD Benefit |
- 100% Sum Assured + Policy Account Value
- Apply before or at the policy anniversary right after the LA attains the age of 80
- The LA is under the age of 4, benefits are paid with different scheme as stipulated in the Terms and Conditions of the product
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| Death Benefit |
- 100% Sum Assured + Policy Account Value
- The Life assured (LA) is under the age of 4, benefits are paid with different scheme as stipulated in the Terms and Conditions of the product
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| Other Benefits |
Opportunity to invest and accumulate your wealth effectively with PRUlink funds
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Diversified portfolio and effective investment history with 6 PRUlink funds managed by experienced investment specialists come from Eastspring Investments Vietnam.
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Eastspring Investments is a leading asset management company in Asia with total asset under management of approximately USD 241 billion (as of 30st Dec 2019).
Increase protection for the whole family with comprehensive riders
- You can add riders to enhance financial protection for yourself and your family prior to popular risks such as accidents, critical illness, hospitalization or surgery.
Actively decide your protection and investment plan
- PRU- FLEXINVEST provides many utilities such as free of charge of withdrawal, switching funds, changing the premium direction; same as the flexibility in paying premium, top up, choose investment funds, adjust limited protection in the whole companion time with Prudential Vietnam.
Change insurance benefit at age 70
- Policyholders have the right to change benefit option only one time from the policy anniversary date right after LA attains the age of 70. Prudential will pay out the higher amount between Sum Assured and Policy Account Value if LA is disabled before the policy anniversary right after the LA attains the age of 80 or dead.
Start up bonus (*)
- An initial bonus to customers who pay Target premium of 50 million dong or more.
Loyalty bonuses (*)
- The bonus for customers for long term participating from the 5th policy anniversary and at every 5-year anniversary afterwards.
- +3.5% of preceding 60-month average Target Premium Account Value
- +3.5% of preceding 60-month average Excess Premium Account Value
(*) Detail conditions receive bonuses, please refer the Terms and Conditions of the product.
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Note
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. Please study the Terms & Conditions carefully to understand the product’s benefits, features and charges.
Key Exclusions
Exclusion for Death benefit
PVA shall not pay insurance benefit if death of the LA is the result of any of the following:
- Suicide whether sane or insane, within 24 months from the Risk Commencement Date or the latest Reinstatement date, or the effective date of the increased SA, whichever is later; or
- Suicide whether sane or insane, within 24 months from Policy Effective Date or the latest Reinstatement date, whichever is later. For the increased amount of the Sum Assured, exception for the reason of suicide specified in this Article applies for the duration of 24 months from the effective date of the increased amount of Sum Assured, or the latest Reinstatement date, whichever is later; or
- Intentional acts of Life Assured, Policyholder, and/ or the person who receives the benefit; 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
- Due to execution of the death sentence
Exclusion for Total and permanent disability benefit
PVA shall not pay insurance benefit if TPD of the LA
- Occurs prior to Policy Effective Date, or prior to the latest reinstatement date, whichever is later; or
- Be the result of attempting suicide caused Total and Permanent Dismemberment or self-inflicted injury of Life Assured whether sane or insane; or
- Be the result of intentional acts of Life Assured, Policyholder, and/or the person who receives the insurance benefits
- Participate in flying aircrafts or any aviation activities except for as a fare-paying passenger of scheduled and licensed commercial aircrafts
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.
Regulations related to the transactions of unit linked fund
| 1. Partial withdrawal of policy account value |
| The minimum balance |
Target premium account shall be remained at least VND 1 mil at the time of requesting after withdrawal. |
| Min/max amount |
Unlimited |
| The times number of withdrawal |
Unlimited |
| Partial withdrawal charge |
Not applicable |
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Note:
- Policy account value is determined at the next pricing date from the day Prudential accept the partial withdrawal request of Policy account value.
- Withdrawal transaction will be conducted in the priority process from first Excess account value to Target account value.
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| 2. Fund switching |
| Minimum switching value |
Unlimited |
| Maximum switching value |
Unlimited |
| The times number of switching |
Unlimited |
| Switching fee |
Not applicable |
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Note:
- Policyholders is only allowed to switch within the same account (Target premium account or Excess premium account)
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| 3. Excess premium |
| Minimum excess premium |
2 mil/transaction |
| Maximum excess premium/ policy year |
10 times of Target premium of first policy year |
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Note:
- Policyholders can pay Excess premium when current policy year’s Target Premiums have been fully paid
- Top-up premium shall only be allocated and purchased units after free-look period
- Units are purchased from Excess premium account which are determined by the following unit price at the next pricing date after finishing free-look period
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