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We understand
you want to win with shorter premium
terms and Yearly CashBack1
PRUcash
max limited pay
Haven’t you always wished for a policy that allows you
the flexibility to pay off your premiums in a shorter time,
while also offering you the financial freedom of a Yearly
CashBack1?
Presenting the PRUcash max limited pay, a savings plan that
provides future financial security plus yearly access1 to cash
that you can use as you wish.
You can sign up for PRUcash max limited pay with a
premium term of 5 years and coverage for 15 years, or with
a premium term of 15 years and coverage for 25 years.
Yearly CashBack1 plus a lump sum payout upon maturity:
PRUcash max limited pay
Plan
Premium term
5 years
15 years
Policy term
15 years
25 years
Guaranteed Yearly
CashBack after the second
policy anniversary
5% of Face Value
5% of Face Value
Guaranteed lump sum upon
maturity
55% of Face
Value
5% of Face Value
Total value you will receive
120% of Face
Value2 + Bonuses3
120% of Face
Value2 + Bonuses3
Two smart ways to enjoy your Yearly CashBack1:
– get a Yearly CashBack after the second policy anniversary,
to be used as you wish
– accumulate the Yearly CashBack and reinvest4 with us
Death Benefit5
In the event of death, you can ensure that your family is still
taken care of.
Hassle-free application
You don’t need to go for any medical check-ups when you
apply for PRUcash max limited pay.
Enhance your plan for more extensive coverage
You can ensure that you and your family are more extensively covered by including these supplementary benefits:
• Max Protection Multiplier 6, provides a sum assured of 5 times or 10 times of the annual premium of your main endowment
plan, up to $300,000 per life.
• Early Stage Crisis Waiver, which waives the premium payments for a fixed period7 upon diagnosis of Early or Intermediate
Stage Medical Conditions, so that you can concentrate on your treatment.
• Crisis Waiver III, which waives the remaining premium payments8 upon diagnosis of any one of the listed 35 critical illnesses
and ensures that your financial plan remains in place.
• Early Payer Security, which waives the premium payments for a fixed period 7 upon diagnosis of Early or Intermediate
Stage Medical Conditions, so that you need not worry about your loved ones losing coverage while you concentrate on
your treatment.
• Payer Security III / Payer Security Plus safeguards your loved one’s policy in the event that Death, Critical Illness or Total
and Permanent Disability strikes you. Payer Security III waives the remaining premiums of your child’s policy till the policy
anniversary before he or she turns 25, or the end of the premium payment term, whichever is earlier. Payer Security Plus
provides a longer benefit term and it waives the remaining premiums of your loved one’s policy until the policy anniversary
before you reach 85, or the end of premium payment term, whichever is earlier.
How PRUcash
max limited pay works:
Mr. Lim, non-smoker, age 45 on his next birthday, hopes to continue growing his assets. In addition, he would also like access
to cash.
Mr. Lim needs to set aside approximately $1,0699 a month for the next 5 years. After the 2nd policy anniversary, he’ll
start to receive a guaranteed Yearly CashBack1 of $2,000 (i.e. 5% of Face Value9).
Potential Amount Received from PRUcash max limited pay = $82,3219
Premium Term of 5 years
$2,000
Year
1
Year
2
Year
3*
$2,000 $2,000
Year
4
$34,321
$2,000 $2,000
Year
5
* First yearly CashBack starts after the 2nd policy anniversary
Year
6
Year
7
$2,000
$2,000
Year
8
Year
9
$2,000 $2,000
Year
10
Year
11
$2,000 $2,000
Year
12
Year
13
$2,000
$2,000
Year
14
Year
15
Guaranteed CashBack1
$22,000
Maturity
Non-Guaranteed Bonuses10
This diagram is for illustrative purposes only and is not drawn to scale.
If Mr Lim chooses to accumulate the Yearly CashBack1, he can potentially receive up to $88,4934 at maturity.
Call your Prudential Financial Consultant or our
PruCustomer Line at 1800 333 0333 today, or visit
www.prudential.com.sg
Footnotes:
1. Yearly CashBack starts after the 2nd policy anniversary.
2. Face value is a notional value used to determine the Reversionary
Bonuses (non-guaranteed), the Maturity Benefit and the Death
Benefit. It is not the sum assured of the policy.
3. Bonuses are not guaranteed and will vary according to the future
experience of the participating fund.
4. For the accumulation of CashBack, we pay a non-guaranteed
interest of 3% p.a. This interest rate may vary and any changes will
be made known to you.
5. We will pay the higher of 105% of the total premiums paid
(excluding premiums for supplementary benefits, if any) as at the
time of death, or 101% of the surrender value (excluding CashBack
and interest, if any) at the time of death, less any outstanding loans.
6. Subject to terms and conditions, Max Protection Multiplier pays out in
the event of Death, Accidental Death or Total and Permanent Disability.
7. Upon diagnosis of Early or Intermediate Stage Medical Conditions,
the future premiums of the covered benefits will be waived for 5
years or 10 years respectively, or the remaining premium payment
term, whichever is shorter. The maximum premium waiver period is
10 years, after which the benefit terminates and premium payment
for the covered benefits resumes.
8. Future premiums of the covered benefits are waived up to age 85
or until the end of the premium payment term, whichever is earlier.
9. Premium quoted is on an annual basis for a non-smoking male, age
45 next birthday, with an annual premium of $12,826 for 5 years
and a Face Value of $40,000.
10. The illustrated values use bonus rates assuming a projected
investment rate of 4.75% p.a. As bonus rates are not guaranteed,
the actual benefits payable will vary according to the future
performance of the participating fund.
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.
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.
In case of discrepancy between the English and Mandarin versions of
this brochure, the English version shall prevail.
Information is correct as at 11 August 2015.
SAVE
Prudential Assurance Company Singapore (Pte) Limited.
(Reg. No. 199002477Z)
30 Cecil Street #30-01 Prudential Tower
Singapore 049712
Tel: 1800 333 0333 Fax: 6734 6953
Part of Prudential plc