PRUmy kid

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    Protect your precious bundle of joy from pre-birth to adulthood

Overview

Your child deserves only the best from the moment your child is formed in the womb. We understand that you want to protect and provide your child with the best opportunities in life. PRUmy kid helps you put your plans into action, even before your child is born.

With PRUmy kid, your child will benefit from the protection that begins from childhood right through to adulthood. Best of all, you can also save and invest for your child’s education.

PRUmy kid helps take care of what is most important to you – your child.

Benefits

  • Upon Death
    For your child - In the event of death, the following will be payable:
    1. Pre-birth and up to 30 days from birth of child - Maximum (total premiums paid, value of units in the account)
    2. Above 30 days from birth of child - Sum assured plus value of units in the account

  • Upon Total & Permanent Disability (TPD)
    In the event of TPD of your child before 70 years on the next birthday (n.b.), the sum assured is payable. Please refer to the Sales Illustration for the definitions of TPD.

  • Maturity Benefit
    Value of units in the account is payable upon maturity of the policy.

  • Upon Surrender of Policy
    Value of units in the account upon surrender of the policy.

Investment Options

You have the flexibility to choose which fund(s) you want to invest your money in. Your decision depends on your investment objective and risk tolerance. PRUmy kid offers you a suite of professionally managed funds:

  • PRUlink equity fund aims to maximise returns over medium to long term by investing in high quality shares listed on the Bursa Malaysia

  • PRUlink managed fund II is a managed fund that seeks to maximise returns over medium to long term. This is achieved by investing in shares and fixed interest securities through PRUlink equity fund and PRUlink bond fund and in any other PRUlink funds that may become available in the future. The allocation of the PRUlink managed fund II is set to 80% PRUlink equity fund and 20% PRUlink bond fund.

  • 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 dana unggul aims to maximise returns over medium to long term by investing in high quality Syariah-approved shares listed on the Bursa Malaysia. 

  • PRUlink dana urus II is a managed fund that seeks to maximise returns over medium to long term. This is achieved by investing in Syariah-approved shares and Islamic debt securities through PRUlink dana unggul and PRUlink dana aman and in any other such PRUlink Funds that may become available in the future. The allocation of the PRUlink dana urus II is set to 80% PRUlink dana unggul and 20% PRUlink dana aman.

  • PRUlink dana aman aims to provide medium to long term accumulation of capital by investing in selected Islamic debt securities.
  • 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 become available in the future or indirectly via sub funds managed by Prudential Asset Management or any other fund manager to be determined from time to time.

  • PRUlink global market navigator fund is an actively managed fund that aims to achieve positive absolute returns over the medium-term through the implementation of an actively managed asset allocation strategy in a diversified range of global assets including cash, equities, bonds and currencies. Exposure to each asset class will primarily be through exchange traded funds, index futures, direct equity and bonds, swaps, options and foreign exchange forwards, each of which may be traded through recognised exchanges or via the over-the-counter markets. The use of derivatives is for efficient portfolio management to gain access to the markets efficiently in a cost effective manner. At inception, PRUlink global market navigator fund will invest in a sub-fund called International Opportunities Funds – Global Market Navigator managed by Prudential Asset Management (Singapore) Limited. The fund may then invest in any other PRUlink absolute return funds that may become available in the future or indirectly via other absolute return funds.

    The actual investment charge for PRUlink global market navigator fund will depend on the asset allocation of the fund, which will range from 1.00% for allocation to money market instruments or fixed income securities, to 1.50% for allocation to other assets. The actual investment charge will be determined on a monthly basis and will be revised whenever the proportion of fund allocated to money market instruments or fixed income securities shift by more than 10% since the investment charge was last determined. The current fund management charge used for the purpose of this sales illustration is 1.15% p.a. based on the allocation of 70% bonds and 30% equities.
  • PRUlink Asia equity fund is a fund that aims to maximize 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 (PRC), 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 dragon peacock fund is a fund that aims to maximize 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 International Opportunities Fund - Dragon Peacock managed by Prudential Asset Management (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 Prudential Asset Management or any other fund managers to be determined from time to time.
  • PRUlink education equity fund aims to maximise returns over medium to long term by investing in high quality shares listed on Bursa Malaysia.

  • PRUlink education 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 education income fund aims to provide medium to long term accumulation of capital, taking into account the liquidity needs of the fund to meet withdrawals as well as the need to meet guaranteed payouts. This is achieved by investing in fixed interest securities through PRUlink education bond fund as well as directly in selected fixed interest securities, corporate bonds, money market instruments and any other financial instruments to be used for hedging the portfolio.

Eligibility

  • You can take up this plan for your unborn child as early as 18 weeks into your pregnancy, or for your child who is between 1–18 years of age on his/her next birthday.
  • You must be between 18–60 years old to own the policy, then you are able to adapt it as you see fit for the benefit of your child.

Enrolment

Visit any UOBM Branch nearest to you.

Underwritten by:

Prudential

This is for your general information only. You are advised to visit any of our branches and ask for a copy of Product Brochure, Product Disclosure Sheet and Sales Illustration before purchasing a plan, and to refer to the terms and conditions in the policy document for details of the important features of the plan.

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 suits 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 Bank Representative who will perform a needs analysis and assist you in making an informed decision.

The above plans are underwritten by Prudential Assurance Malaysia Berhad (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) Berhad’s marketing material for the products offered by Prudential Assurance Malaysia Berhad.

Prudential Assurance Malaysia Berhad (PAMB) is a member of Perbadanan Insurans Deposit Malaysia (PIDM). As a member of PIDM, some of the benefits insured under the insurance policies offered by PAMB are protected against loss of part or all of the insurance benefits by PIDM, in the unlikely event of an insurer member failure. For further details of the protection limits and the scope of coverage, please obtain a PIDM information brochure from PAMB or visit the PIDM website or call the PIDM toll free line (1-800-88-1266).