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  4. PRUEnhanced Cover

PRUENHANCED COVER

  • PRUEnhanced CoverPRUEnhanced Cover

    PRUEnhanced Cover (This is an insurance product)

    A REGULAR PREMIUM INVESTMENT-LINKED INSURANCE PLAN which covers Total and Permanent Disability (TPD) and Accidental Death (AD) prior to the Policy Anniversary of age 70 next birthday (ANB) or expiry of the policy, whichever is earlier, and death of the Life Assured during policy term. It comes with guaranteed rates of insurance charge for both basic plan and its optional riders.

Overview

Taking care of your loved ones is a priority because they rely on you the most. There’s nothing more important than ensuring that your loved ones will be able to live on securely and comfortably no matter what happens to you. You can prepare your legacy today to give those who matter most the freedom to pursue their lives without boundaries even when you are no longer around. 

PRUEnhanced Cover is a regular premium investment-linked insurance plan that can be used as a legacy solution to fulfil your wishes and essential protection needs at the same time. Embark on a journey towards a brighter future for you and those you love, today.

Benefits

PRUEnhanced Cover is a regular premium investment-linked insurance plan that has the flexibility to be with you up to selected policy term and with Extension of Coverage Term up to ANB 1001.

Comprehensive increasing protection on death, Total and Permanent Disability (TPD)2 up to 130% Basic Sum Assured3 and receive an additional 100% Basic Sum Assured4,5 for Accidental Death Benefit (ADB)

Optimise your protection with various optional riders to best suit your needs and affordability

Various investment-linked fund options, premium payment periods and policy terms with No-Lapse Provision6

Enjoy guaranteed rates of insurance charge for both the basic plan and its optional riders

Rest assured in enjoying Annual Booster7 and Loyalty Booster8 along the way

 

1PRUEnhanced Cover offers a selection of different policy term options up to ANB 70, 80, 90, 100 or 20 years (where applicable). This plan comes with Extension of Coverage Term to extend the term of basic plan up to the Policy Anniversary of Life Assured's ANB 100. For rider(s), if applicable, the rider’s term will be extended up to the Policy Anniversary of Life Assured’s ANB 100 or the rider's maximum coverage term, whichever is earlier. Unless you request to disable the Extension of Coverage Term, your policy will be auto extended as long as it has sufficient value of units to be deducted to pay for the relevant charges, fees and taxes during the extended term. To ensure sufficient value of units, additional premium is likely required during the extended term. During the extended coverage term, the coverage provided by the basic plan and rider(s) (if applicable) will remain the same.

2Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier. TPD Benefit is not applicable for entry ANB 70.

3Or value of units in Basic Unit Account (BUA), whichever is higher.

4The Basic Sum Assured is subject to the Increasing Basic Sum Assured table, any decrease of sum assured via endorsement and the accelerated sum assured paid out due to TPD.

5Accidental death coverage is available prior to the Policy Anniversary of ANB 70 or expiry of the policy, whichever is earlier. ADB is not applicable for entry ANB 70.

6Provided that all premiums due are paid and no withdrawals have been made from the BUA.

7Provided premium is paid up to date and policy is in force upon payout. If any partial withdrawal from BUA is made during the year, Annual Booster will be forfeited for the same policy year. During the first 10 policy year, if accumulated partial withdrawal amount from BUA is larger than or equal to 25% of total BUA premium paid, all future Annual Booster payable will be forfeited.

8Loyalty Booster will be adjusted according to the revised Basic Sum Assured due to any partial withdrawal from BUA.

Benefits Table

Premium Payment Period and Policy Term
Premium Payment Period Policy Term
5, 8, 10 or 20 years Different policy term options up to ANB 70, 80, 90, 100 or 20 years (where applicable)1

 

Death/ Total and Permanent Disability (TPD)2/ Accidental Death (AD)5 Benefit

In the event of death of the Life Assured, the higher of the following will be payable:

  1. Basic Sum Assured4 (BSA); or
  2. value of units in Basic Unit Account (BUA),
    3. plus value of units in Investment Unit Account (IUA) (if any).

BSA4 shall be payable upon Life Assured suffering from TPD2,9.

Death Benefit and an additional 100% of the Basic Sum Assured4 shall be payable if death due to accident5,10 happens.

Increasing Basic Sum Assured:

End of Policy Year % of BSA
1 103%
2 106%
3 109%
4 112%
5 115%
6 118%
7 121%
8 124%
10 and above 130%

 

Annual Booster7

3% of annualised BUA premium (i.e. Insurance Premium + PRUAllocator Premium, excluding PRUSaver/PRUSaver Kid premium and single premium top-up) shall be credited into BUA each year for Policy Year 1 to Policy Year 10, with the first Annual Booster being credited upon completion of Policy Year 1, provided premium is paid up to date and policy is in force upon payout.

If any partial withdrawal from BUA is made during the year, Annual Booster will be forfeited for the same policy year. During the first 10 policy year, if accumulated partial withdrawal amount from BUA is larger than or equal to 25% of total BUA premium paid, all future Annual Booster payable will be forfeited.

 

Loyalty Booster8

A % of BSA^ (excluding incremental Sum Assured) shall be credited into BUA at an allocation rate of 100%, at the Policy Anniversary of the respective payout age according to the respective entry ANB while policy remains in force. The credited amount shall follow the premium direction of fund upon crediting.

Entry ANB

Loyalty Booster at the Respective Payout ANB (% of BSA)
ANB 60 ANB 70 ANB 80 ANB 90 ANB 100
1 - 50 3% 5% 7% 9% 11%
51 - 60 - 5% 7% 9% 11%
61 - 70 - - 7% 9% 11%

Note:
^Loyalty Booster will be adjusted according to the revised BSA due to any partial withdrawal from BUA.

 

No-Lapse Provision6

PRUEnhanced Cover comes with No-Lapse Provision6, which allows you to enjoy continuous protection during the first crucial 72 months regardless of market performance.

 

Optional Riders

You may choose from the optional riders to extend your protection net, subject to additional premium and underwriting:

Riders Details
Level SA Rider 2.0 Level SA Rider 2.0 pays the rider sum assured in one lump sum upon death of the Life Assured prior to expiry of the rider.
It comes with benefit term of 5, 10, 20, or 30 years. Benefit term cannot be longer than policy term.
Payor Basic 2.0 Payor Basic 2.0 pays the BUA premium if you are diagnosed with any of the 42 covered Critical Illnesses or suffer from TPD prior to Policy Anniversary of ANB 70.
Payor Saver 2.0 Payor Saver 2.0 pays the PRUSaver premium if you are diagnosed with any of the 42 covered Critical Illnesses or suffer from TPD prior to Policy Anniversary of ANB 70.
Spouse Payor Basic 2.0 Spouse Payor Basic 2.0 pays the BUA premium if your spouse is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of ANB 70 or dies.
Spouse Payor Saver 2.0 Spouse Payor Saver 2.0 pays the PRUSaver premium if your spouse is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of ANB 70 or dies.
Parent Payor Basic 2.0 Parent Payor Basic 2.0 pays the BUA premium if Life Assured's parent is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of ANB 70 or dies.
Parent Payor Saver 2.0 Parent Payor Saver 2.0 pays the PRUSaver premium if Life Assured's parent is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of ANB 70 or dies.

Investment Riders Details
PRUSaver/ PRUSaver Kid This is a regular premium rider mainly for investment purpose. It does not provide any insurance coverage.

Notes:

  1. For the full list of covered Critical Illnesses and exclusions, please refer to PRUEnhanced Cover Product Disclosure Sheet and Product Illustration.
  2. Policy coverage term is not guaranteed when payor rider(s) is/are attached, it shall depend on the policy having sufficient value of units to cover all the policy charges

 

What is guaranteed rates of insurance charge?

The rates of insurance charge for this plan are guaranteed with no revision allowed throughout the policy term, regardless of the claim experience and are likely to be higher as compared to similar plan(s) with non-guaranteed rates of insurance charge. Hence, this may result in higher premium payable as compared to similar plan(s) with non-guaranteed rates of insurance charge, which may also be offered by Prudential Assurance Malaysia Berhad (PAMB) from time to time. You may ask your insurer/UOB Malaysia representative for other types of plans offered by PAMB. Please note that investment-linked plan is tied to the performance of the investment fund(s) chosen, and as a result, the sustainability of the policy is not guaranteed, and subject to the availability of sufficient fund value to pay for insurance and other charges, fees and taxes (if any).

 

1PRUEnhanced Cover offers a selection of different policy term options up to ANB 70, 80, 90, 100 or 20 years (where applicable). This plan comes with Extension of Coverage Term to extend the term of basic plan up to the Policy Anniversary of Life Assured's ANB 100. For rider(s), if applicable, the rider’s term will be extended up to the Policy Anniversary of Life Assured’s ANB 100 or the rider's maximum coverage term, whichever is earlier. Unless you request to disable the Extension of Coverage Term, your policy will be auto extended as long as it has sufficient value of units to be deducted to pay for the relevant charges, fees and taxes during the extended term. To ensure sufficient value of units, additional premium is likely required during the extended term. During the extended coverage term, the coverage provided by the basic plan and rider(s) (if applicable) will remain the same.

2Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier. TPD Benefit is not applicable for entry ANB 70.

4The Basic Sum Assured is subject to the Increasing Basic Sum Assured table, any decrease of sum assured via endorsement and the accelerated sum assured paid out due to TPD.

5Accidental death coverage is available prior to the Policy Anniversary of ANB 70 or expiry of the policy, whichever is earlier. ADB is not applicable for entry ANB 70.

6Provided that all premiums due are paid and no withdrawals have been made from the BUA.

7Provided premium is paid up to date and policy is in force upon payout. If any partial withdrawal from BUA is made during the year, Annual Booster will be forfeited for the same policy year. During the first 10 policy year, if accumulated partial withdrawal amount from BUA is larger than or equal to 25% of total BUA premium paid, all future Annual Booster payable will be forfeited.

8Loyalty Booster will be adjusted according to the revised BSA due to any partial withdrawal from BUA.

9Payment of this benefit will reduce the Basic Sum Assured2 and value of units BUA will be adjusted accordingly as per stipulated in the policy contract.

10In the event of accidental death while the Life Assured is below ANB 19, Accidental Death Benefit payable will be subject to maximum of RM2 million per life.

 

Investment Opportunity

PRUEnhanced Cover offers you growth opportunities to diversify your fund(s) both locally and globally through our PRULink Fund(s), PRULink Global Fund(s) and/or PRULink Local and Global Fund.

3 PRULink Funds
  • PRULink Equity Income Fund aims to maximise returns over medium to long term. This is achieved by investing in a diversified portfolio of high quality shares and dividend yielding stocks which have or can potentially have attractive dividend yields..

  • PRULink Bond Fund aims to provide medium to long term accumulation of capital by investing in selected fixed interest securities, corporate bonds and fixed deposits.

  • PRULink Strategic Managed Fund aims to provide moderate capital growth over the medium to longer term by investing in a mix of fixed income and equity securities directly, or indirectly through the use of investment funds. The fund will tactically allocate between 70% to 90% in fixed income and 10% to 30% in equities.
5 PRULink Global Funds
  • PRULink Asia Managed Fund is an actively managed fund that seeks to maximise returns over medium to long term. This is achieved by investing directly in shares, fixed interest securities and money market instruments in the Asia Pacific ex-Japan region and through any other PRULink Global Funds that may be become available in the future or indirectly via sub-funds managed by Eastspring Investments (Singapore) Limited or any other fund manager to be determined from time to time.

  • PRULink Dragon Peacock Fund is a fund that aims to maximise long-term total return by investing primarily in equity and equity-related instruments of corporations, which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue from the People’s Republic of China (PRC) and India. At inception, PRULink Dragon Peacock Fund will invest in a sub-fund called Eastspring Investments – Dragon Peacock Fund managed by Eastspring Investments (Singapore) Limited. The investments of the Sub-Fund include, but are not limited to, listed securities in the Recognised Markets, depository receipts including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), debt securities convertible into common shares, preference shares and warrants. The fund may invest in any other funds or sub-funds managed by Eastspring Investments (Singapore) Limited or any other fund managers to be determined from time to time.

  • PRULink Asia Equity Fund is a fund that aims to maximise long-term total return by investing in equity and equity-related securities of companies, which are incorporated, or have their area of primary activity in Asia Pacific ex-Japan. The Asia Pacific ex-Japan region includes but is not limited to the following countries: Korea, Taiwan, Hong Kong, Philippines, Thailand, Malaysia, Singapore, Indonesia, People’s Republic of China, India, Pakistan, Australia and New Zealand. The fund may also invest in depository receipts [including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs)], debt securities convertible into common shares, preference shares and warrants.

  • PRULink Global Growth Fund is a fund that aims to generate long-term returns through investing primarily into a portfolio of assets globally including equities, equity-related securities, deposits, currencies, derivatives or any other financial instruments directly, and/or indirectly through the use of any funds.

  • PRULink Asia Pacific Dynamic Income Fund aims to provide stable return and achieve medium to long term capital appreciation by investing primarily in Asia Pacific ex-Japan region assets including equities, equity-related securities, debt securities, deposits or any other financial instruments directly, and/or indirectly through the use of any funds such as investment-linked funds set up by us, collective investment schemes and/or exchange traded funds.
1 PRULink Local and Global Fund
  • PRULink Equity Plus Fund aims to maximise long-term returns through investing into a portfolio of domestic and foreign assets including equities, equity-related securities, deposits, currencies, derivatives or any other financial instruments directly, and/or indirectly through the use of any funds such as investment-linked funds set up by us, collective investment schemes and/or exchange traded funds.


NOTE: This is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. Return on an investment-linked fund is not guaranteed.

 

Eligibility

Age of Entry 14 days after birth to ANB 70

Enrolment

Visit any UOB Malaysia Branch nearest to you.

Disclaimer

Underwritten by:

Prudential

The above plans are underwritten by Prudential Assurance Malaysia Berhad 198301012262 (107655-U). All claims and liabilities arising from the policies should be made with the company.

Prudential Assurance Malaysia Berhad is a licensed insurance company and is regulated by Bank Negara Malaysia. Prudential Assurance Malaysia Berhad is responsible for the products and benefits offered by them, as well as any representation made in any of their marketing materials including United Overseas Bank (Malaysia) Bhd’s marketing material for the products offered by Prudential Assurance Malaysia Berhad.

This content contains only a brief description of the product and is not exhaustive. You are advised to visit any of our branches and to refer to Product Brochure, Product Disclosure Sheet, Product/Sales Illustration and Fund Fact Sheet(s) (if any) before purchasing a policy, and to refer to the terms and conditions in the policy contract for details of the features and benefits under the policy.

Buying life insurance policy is a long-term financial commitment. You should assess the affordability and suitability of the product (including supplementary benefits) that best suit your personal circumstances in relation to your financial goals and risk appetite. To achieve that, we recommend that you speak to your Prudential Representative or UOB Malaysia representative who will perform a needs analysis and assist you in making an informed decision.

PROTECTION BY PERBADANAN INSURANS DEPOSIT MALAYSIA (“PIDM”) ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/POLICY IS(ARE) SUBJECT TO LIMITATIONS. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) Brochure or contact Prudential Assurance Malaysia Berhad or PIDM (visit www.pidm.gov.my).