PROTECT
We understand
you need flexibility in coverage
for different stages of life.
PRUlink
protection plus account
Claudia Yip
Photographer, 2011
Claudia Yip
Proud Mother, 2021
PRUlink protection plus account is a plan designed to provide
you with comprehensive life protection and the flexibility to
adjust protection needs as your priorities and financial goals
change with every new life stage – education, employment,
marriage, parenthood and retirement – yet gives you full
control of your investments which helps you to reap potential
investment returns.
With changing medical needs, you may also require more
comprehensive critical illness coverage. PRUlink protection
plus account also offers you the option of comprehensive
critical illness coverage against early stages of cancers through
Early Crisis Cover Provider1 and critical illness under Crisis
Cover Provider III2.
In addition, you can also add supplementary benefits –
Early Stage Crisis Waiver3 and Crisis Waiver III4 – to your plan.
Early Stage Crisis Waiver3 waives the premiums for up to
10 years5 if you are diagnosed with an Early Stage Medical
Condition or Intermediate Stage Medical Condition 6 .
Crisis Waiver III 4 waives your remaining premiums7 should
you be diagnosed with any of the 35 listed Critical Illnesses.
These two supplementary benefits come with a choice of
coverage terms up to age 55, 60, 65, 70, 75 and 85 to best
suit your needs.
Protection against the unforeseen
Offering coverage against Death, Terminal Illness8, Total
and Permanent Disability8, and Critical Illness1,2, you can
ensure that your loved ones will be looked after should the
unexpected happen.
Coverage that you can adjust to changing needs
Your PRUlink protection plus account policy is designed to
give you as much freedom and reassurance as you need by
providing coverage of up to 150 times9 the annual premium,
and the choice to vary your sum assured10 at any point.
Towards the retirement years of your life, when investment
opportunities become a priority, you can redirect your premiums
to investments by reducing your Death, Terminal Illness8, and
Total and Permanent Disability8 coverage to zero11, while
maintaining and continuing the coverage for Critical Illness1,2.
One premium multiple coverage
Use your unit allocation to better enhance your coverage
with Early Crisis Cover Provider1 and Crisis Cover Provider III2.
You can add on the Early Crisis Cover Provider1 supplementary
benefit which offers coverage for a comprehensive suite of
early stage cancers and critical illnesses. Once a successful
claim is made, future assurance charges for this supplementary
benefit will be waived12. In addition, it is the first policy of its
kind to cover selected diabetic complications13.
More ways to reach financial goals
We understand your desire to reach financial goals, and
PRUlink protection plus account gives you the option of
maximising your units allocation for investments, so you can
potentially reach your financial goals sooner.
1. By paying for your premiums annually
2. Increasing your premium contribution
3. Enjoy a full allocation of your premiums paid to purchase
units from the 4th year of your policy
4. Furthermore, get up to 107% unit allocation from the
10th year of policy14
How PRUlink protection plus account can help you
Life stage
Mother buys
PRUlink protection plus account
for young child
Child becomes adult,
starts working
Gets married,
starts family
Plans for retirement
Saving up for child’s
university education
Protection plus making
money work harder
Reassurance for
loved ones
Building a nest egg
while continuing coverage
against critical illnesses
Kick-start protection
and investment
Strike balance between
coverage and investment by
managing premiums effectively
Focus on coverage,
option to increase sum assured
Maximise investment
while staying protected
Financial
need
How PRUlink
protection plus account
can help
Your money works even harder than you do
Your PRUlink protection plus account allows you to play a
more active role in managing your funds in these ways:
1.
You can have the flexibility of managing and switching
your funds at no extra charge15 according to your changing
investment needs. Choose from a range of professionally managed funds.
2. Enjoy potentially higher investment growth with the
optional Enhanced Accumulator Option (EAO)16,17. EAO
gives you the option to channel 100%18 of your premiums
to unit allocation by a one-time lump sum top up16 to
your account or through a regular premium contribution17.
Call your Prudential Financial Consultant or our
PruCustomer Line at 1800 333 0 333 today, or visit
www.prudential.com.sg
Footnotes:
1 The full list of benefits covered under Early Crisis Cover Provider and
their definitions can be found in the product summary that can be
obtained from your Prudential Financial Consultant. The maximum
claimable benefit combined under the 50% Severity and 100%
Severity cannot exceed 100% of the sum assured. For certain medical
conditions, there is a waiting period of 90 days from the date of
issue or reinstatement, whichever is later. The assurance charges for
Early Crisis Cover Provider are not guaranteed.
2 For Crisis Cover Provider III, the sum assured will only be paid in a
lump sum to the life assured upon diagnosis of any of the 36 critical
illnesses listed in the product summary. The full list of the 36 critical
illnesses can be found in the product summary that can be obtained
from your Prudential Financial Consultant. The assurance charges for
Crisis Cover Provider III are not guaranteed.
3 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, or up to
your chosen age ranging from 55 to 85 years old, whichever is
shorter, after which, the benefit terminates and premium payment
for the covered benefits will resume.
4 Crisis Waiver III waives the future premiums of the covered benefits
up to your chosen age ranging from 55 to 85 years old.
5 Early Stage Crisis Waiver waives your premiums of the covered
benefits for 5 years upon the diagnosis of Early Stage Medical
Conditions and allows a claim for a second time. The second claim
will waive the premiums for another 5 years. This is provided there
is a second claim under Early Stage Medical Condition and 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.
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. The waiver duration is up to your chosen age ranging from 55 to
85 years old.
8 PRUlink protection plus account provides coverage against
Terminal Illness and Total and Permanent Disability during the term
of the policy, and before the anniversary of the policy on which the
life assured will attain the age of 65. The life assured cannot claim
for both Terminal Illness and Total and Permanent Disability.
9 Applicable for age 30, male non-smoker and annual premium
amount of $1,200.
10 Subject to underwriting and the life assured must be under age 60.
Subject to the minimum or maximum sum assured permitted at the
time of change.
11 To exercise the option to reduce your sum assured to zero, the life
assured must have reached age 55 or 10 years from the Cover Start
Date of the policy or 10 years from the last increase in regular
premiums, whichever is later.
12 Once a successful claim is made under the 50% Severity Payout
benefit, future assurance charges for the supplementary benefit will
be waived.
13 There is a waiting period of 90 days from the Cover Start Date
or date of reinstatement, whichever is later. No benefit will be
payable for events occurring before or within this waiting period
or the survival period of 7 days from the date of diagnosis. For
special benefit, we will only pay provided the policy is not terminated
or fully claimed.
14 We reserve the right to change the premium allocation rates of
your basic regular premium for policy year 10 and onwards.
15 We reserve the right to levy an administration charge, but will not
do so before giving you 30 days’ written notice.
16 For EAO (Lump sum), there is a net sales charge. The non-guaranteed
administration charge is currently zero.
17 For EAO (Regular), there is a non-guaranteed administration charge.
The non-guaranteed administration charge is currently $50.
18 We reserve the right to change the premium allocation rates
relating to such new premiums.
Note:
Buying a life insurance policy is a long-term commitment. An early
termination of the policy usually involves high costs and the surrender
value payable (if any) may be less than the total premiums paid.
Investment products are subject to investment risks including the
possible loss of the principal amount invested. The value of the units
and the income accruing to the units (if any) may fall or rise.
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. You are recommended
to seek advice from a qualified Prudential Financial Consultant for
a financial analysis before purchasing a policy suitable to meet
your needs.
This brochure 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.
This brochure is for distribution 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 this brochure, the English
version shall prevail.
Information is correct as at 27 May 2016.
PROTECT
Prudential Assurance Company Singapore (Pte) Limited.
(Reg. No. 199002477Z)
30 Cecil Street #30-01 Prudential Tower
Singapore 049712
Tel: 1800 333 0 333 Fax: 6734 6953
Part of Prudential plc