HomeProtectTerm Life Insurance Product - PRU-MODERN
Pru - Modern

Term life insurance product - PRU-MODERN

Features

Protection based on the severity of system and organ function

Protection based on the severity of system and organ function

instead of complex condition list

Affordable price

Affordable price

with total insurance benefits up to 255% of the Sum Assured

Lower premium

Lower premium

for Main Life Assured when joining as family on 01 policy

Benefits

Moderate stage
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  • 30% of the Sum Assured for each insurable event of Degree of Illness Conditions at moderate stage diagnosed to the Life Assured.
    Total amount of all insurance benefits of Degree of Illness Conditions at moderate stage and Illness Conditions at severe stage shall not exceed 100% of the Sum Assured.
  • Benefit for Degree of Illness Conditions at moderate stage shall be paid maximum one time for one Degree of Illness Conditions of the same category of Organs, Function, Disabilities and Critical Illness.
  • Benefit for Degree of Illness Conditions at moderate stage - Carcinoma in situ of the following sites: Breast, uterus, ovary, fallopian tube, vulva, vagina, cervis uteri, colon, rectum, penis, testis, lung, liver, stomach or nasopharynx or bladder.
  • 100% of the Sum Assured.
  • Benefit for Degree of Illness Conditions at sereve stage shall be paid after deducting the total benefit previously paid for the Degree of Illness Conditions at moderate stage, if any.
  • If the Life Assured suffers more than one Degree of Illness Conditions (including moderate stage and sereve stage) from the same cause or diagnosed in the same hospital stay, Prudential shall only pay insurance benefit for only one Degree of Illness Conditions which has the highest total benefit.

Prudential shall pay additional 50% of the Sum Assured if the Life Assured is diagnosed with one of three following common Top 3 Critical Illness of Degree of Illness Conditions at sereve stage, including:

  • Cancer;
  • Stroke;
  • Heart attack.

Prudential shall pay additional 5% of the Sum Assured ì the Life Assured undergoes any moderate or sereve surgery.

Insurance benefits for Degree of Illness Conditions is paid based on the list of Organs, Functions; Disabilities and Critical Illnesses, including Degree of Illness Conditions at moderate stage and Degree of Illness Conditions at sereve stage:

1. Degree of Illness Conditions:
 

 

2. Death benefit:

100% of the Sum Assured. The policy shall be terminated upon the death of the Life Assured.

Exclusion in case of death of the Life Assured

  • Suicide whether sane or insane, within 24 months from Policy Effective Date or the latest Reinstatement date, whichever date comes later; or
  • Human immunodeficiency virus (HIV); Acquired immunodeficiency syndrome (AIDS) and/ or AIDS related illnesses except that HIV infection occurs while on duty at the workplace as a healthcare professional or a police; or
  • Execution of death sentence; or
  • Criminal act (as of Life Assured, Policyholder, and/ or the person who receives the benefit.

Exclusion in case of Degree of illness condition

  • Pre-existing diseases; or
  • Degree of Illness Conditions which has previously occurs or been diagnosed or treated during Exclusion Period (*); or
  • Diseases in human infected with Human Immunodeficiency Virus (HIV) or caused directly or indirectly by Acquired Immune Deficiency Syndrome (AIDS) or a disease related to Acquired Immune Deficiency Syndrome (AIDS); or
  • Using medicine without a Doctor's prescription, using any additive substances, drugs, poisons, stimulants, alcohol. The term "using alcohol" means when an alcohol test shows that alcohol concentration is in excess of legal limit;
  • Intentional acts of self-injury, whether sane or insane; or
  • Congenital diseases, birth defects and/or birth disabilities; or
  • On air transportation except as a civil aviation passenger; or
  • Engaging in hazardous sport activities such as scuba diving, climbing, parachuting; any type of high-speed racing or professional sport activities; or
  • War or acts of invasion, acts of foreign forces, acts of hostilities (with or without declaration of war), civil wars, revolutions, uprising, rebellion or usurpation; or
  • Criminal act (as concluded by competent state authority) committed by the Policyholder and/or Beneficiary against the Life Assured.

(*) Exclusion period: is the period during which in case of an insurable event, if any, benefits shall not be paid, from the Effective Date of Rider or from the latest Policy reinstatement date, whichever is later. 

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.

Terms and Conditions apply, click here