PRUmillion cover

  • PRUmillion coverPRUmillion cover

     

    PRUmillion cover
    Love that covers your million dreams

Overview

The road to your dreams isn’t always easy to navigate, sometimes dotted with mountains to climb or many obstacles to overcome. Regardless what dreams you have, PRUmillion cover keeping you and your loved ones live the life you desired. With PRUmillion cover, it protects what matters most to you as well as creating a lifeline that will last a lifetime.

PRUmillion cover – Love that covers your million dreams!

Benefits

Multiply your protection up to 4X the Basic Sum Assured1

Insurance protection up to age 1002

Loyalty rewards along the way

Limited premium payment term options

Infectious disease3 coverage

Opportunity to invest in both local and global markets

No-Lapse Provision4

 

1 Basic Sum Assured is subject to any increase/decrease of sum assured via endorsement and the accelerated sum assured paid out due to Total and Permanent Disability (TPD) and/or Crisis Guard Benefit.
2 The policy coverage term and benefits payable shall depend on the policy having sufficient cash value to cover all the policy charges. To ensure that the policy has sufficient cash value, additional premiums are likely required for continuous coverage up to Policy Anniversary Date of age 100 next birthday.
3 Infectious disease coverage is available prior to the Policy Anniversary Date of age 70 next birthday. Please refer to PRUmillion cover brochure for the list of covered infectious diseases.
4 Provided that all premiums are paid and no withdrawals have been made from the Basic Unit Account (BUA).

Benefits Table

Premium Payment Term and Policy Term
Premium Payment Term Policy Term
5 years

Up to Policy Anniversary
Date of age 100 next birthday*

10 years
15 years
20 years

* The policy coverage term and benefits payable shall depend on the policy having sufficient cash value to cover all the policy charges. To ensure that the policy has sufficient cash value, additional premiums are likely required for continuous coverage up to Policy Anniversary Date of age 100 next birthday.

Death/ Total and Permanent Disability (TPD)

  • Pays 100% of the Basic Sum Assured upon death or TPD
  • Pays 200% of the Basic Sum Assured upon death due to accident
  • Pays 300% of the Basic Sum Assured upon death due to accident from commuting in public conveyance, elevator car or due to fire while in a public building
  • Pays 400% of the Basic Sum Assured upon death due to accident occurring outside of Malaysia**

    On top of the benefit illustrated in the table above, cash value in Basic Unit Account (BUA) and all remaining cash value in the Investment Unit Account (IUA) (if any) shall also be payable upon death.
 **90 days residing period applicable except for Brunei and Singapore.
Infectious Disease Coverage

Travel worry-free! Whenever you are travelling, you will be protected with extra coverage on infectious disease up to age 70 next birthday.

Category A
RM5,000 for each diagnosis

Category B
RM10,000 for each hospitalisation

  • Measles
  • Hand Foot Mouth Disease
  • Chikungunya Fever
  • Typhoid Fever
  • Rabies
  • Zika virus
  • MERS-CoV
  • Ebola
  • SARS
  • Influenza A - Avian
  • Influenza A(H7N9) &
    A(H5N1)
  • Nipah Virus
  • Encephalitis
  • Japanese Encephalitis
  • Creutzfeldt-Jakob Disease
  • Malaria

Multiple claims can be made under each category, provided that each infectious disease is only claimable once during the policy term prior to Policy Anniversary Date of age 70 next birthday. Please refer to PRUmillion cover brochure for the list of covered infectious diseases.

Loyalty Bonus and Loyalty Booster

Get rewarded with Loyalty Bonus once every 2 years starting from the 10th policy year onwards. On top of that, you will also enjoy a further one-off Loyalty Booster, equivalent to 8% of the Basic Sum Assured on the Policy Anniversary Date when you reach age 70, 80 or 90 depending on your entry age as shown below:

Entry Age (Next Birthday)

Loyalty Bonus Payout Term

Loyalty Booster Payout Age Next Birthday

Age 19 – 50 Once every 2 years starting from the 10th policy year onwards Age 70
Age 51 – 65 Age 80
Age 66 - 70 Age 90

The Loyalty Bonus is equivalent to RM1 per RM1,000 of Basic Sum Assured. Both Loyalty Bonus and Loyalty Booster shall depend on the Basic Sum Assured and be payable into Basic Unit Account (BUA), provided that the policy is still in force and all premiums due are paid.

No-Lapse Provision

PRUmillion cover comes with No-Lapse Provision***, which allows you to enjoy continuous protection during the first crucial 72 months regardless of market performance.

***provided that all premiums are paid and no withdrawals have been made from the BUA
Optional Riders

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

Optional Riders

Descriptions

Crisis Guard

Crisis Guard pays a lump sum benefit upon diagnosis of any of the 36 Critical Illnesses.
Benefit paid will reduce the Basic Sum Assured accordingly.

Crisis Care

Crisis Care pays a lump sum benefit upon diagnosis of any of the 36 Critical Illnesses.
Benefit paid will not reduce the Basic Sum Assured.

Payor Basic Payor Basic pays the Basic Unit Account (BUA) premium if you are diagnosed with any of the 36 Critical Illnesses or suffer from Total and Permanent Disability (TPD) before Policy Anniversary Date of age 70 next birthday.
Payor Saver

Payor Saver pays the PRUsaver premium if you are diagnosed with any of the 36 Critical Illnesses or suffer from TPD before Policy Anniversary Date of age 70 next birthday.

Spouse Payor Basic Spouse Payor Basic pays the BUA premium if your spouse is diagnosed with any of the 36 Critical Illnesses, suffers from TPD before Policy Anniversary Date of age 70 next birthday or dies.
Spouse Payor Saver Spouse Payor Saver pays the PRUsaver premium if your spouse is diagnosed with any of the 36 Critical Illnesses, suffers from TPD before Policy Anniversary Date of age 70 next birthday or dies.

Notes:
1. For the full list of 36 Critical Illnesses, please refer to PRUmillion cover Product Disclosure Sheet and Sales Illustration.
2. Policy coverage term is not guaranteed when payor rider(s) is/are attached, it shall depend on the policy having sufficient cash value to cover all the policy charges.

Investment Opportunity

PRUmillion cover offers you growth opportunities to diversify your funds both locally and globally through our PRUlink funds and/or PRUlink global funds.

8 PRUlink Funds
  • PRUlink equity income fund aims to maximise returns over medium to long term by investing in high quality shares and dividend yielding stocks which have or can potentially have attractive dividend yields.
  • PRUlink equity focus fund aims to maximise returns over medium to long term by investing into approximately 30 quality Malaysian companies listed in Bursa Malaysia that are expected to provide medium to long-term capital appreciation and income potential.
  • 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 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.

4 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 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 classes will be primarily 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 Eastspring  Investments – Global Market Navigator Fund managed by Eastspring Investments (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.
  • 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 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 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, 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.

Eligibility

  • Age of Entry: Age 19 to 70 next birthday

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).