PRUwealth gain plus

  • PRU Wealth gain plusPRU Wealth gain plus

     

    PRUwealth gain plus
    Gain your wealth with plus-size benefits
    to achieve your financial goals

Overview

We all have goals in life, whether it's a secure retirement, a dream house, or a plan for our children's education. Each one of us wants to achieve something, whether great or small, for ourselves or for our loved ones.

You're setting goals because you want to become a better version of yourself, to upgrade your life experiences, or to achieve your hopes and dreams for the future.

Start attaining your dreams with PRUwealth gain plus today!

Benefits

Guaranteed policy acceptance
With Guaranteed Issuance Offer1, you can start to enjoy the benefits under this plan without the need to go through medical underwriting. This gives you peace of mind, knowing you are always protected.

Options of premium payment term and policy term
The choice is entirely yours! We give you flexibility to choose from any of the 8 options with different combinations of premium payment term and policy term according to your preference and priorities in life.

Additional benefits to enhance your protection needs
Safeguard your loved ones with our optional riders. Prudential waives your future premiums when you and your loved ones need it the most.

Loyalty reward
Get rewarded with attractive and guaranteed Annual Booster, a loyalty reward that will be granted to the policy annually at the end of every policy year provided the policy remains in-force. With PRUwealth gain plus, you can receive a total guaranteed amount of up to 508%2 of the Basic Sum Assured by end of the policy term.

 

1Medical underwriting shall be waived if you purchase the basic plan only and the aggregate Basic Sum Assured per life for both PRUwealth gain and PRUwealth gain plus is RM300,000 or less.
2If you select 40 years of policy term. The total guaranteed amount at maturity comprises of 100% of the Basic Sum Assured plus total of all entitled Annual Booster.

Benefits Table

Death/Total and Permanent Disability (TPD)3 Benefit Policy Year
1 & 2:

In the event of death of the Life Assured for the first 2 policy years, the higher of the following shall be payable:

i. 100% of total premiums paid for basic plan (inclusive of loading, if any); OR
ii. Guaranteed Surrender Value plus Annual Booster plus Terminal Bonus on death (if any) and Compound Reversionary Bonus (if any).

Policy Year 3 onwards:

In the event of death of the Life Assured from the 3rd policy year onwards, the higher of the following shall be payable:

i. 110%/105%4 of total premiums paid for basic plan (inclusive of loading, if any); OR
ii. Basic Sum Assured plus Annual Booster plus Terminal Bonus on death (if any) and Compound Reversionary Bonus (if any); OR
iii. Guaranteed Surrender Value plus Terminal Bonus on surrender (if any) and Compound Reversionary Bonus on surrender (if any).

 

Annual Booster

A loyalty reward that will be granted to the policy annually at the end of every policy year provided the policy remains in-force and forms part of the Guaranteed Death/TPD/Surrender/Maturity Benefit. Once granted, the Annual Booster amount is guaranteed and will be payable if you keep your policy until maturity or on earlier death/TPD. If you choose to surrender your policy, you may not receive the full amount of the entitled Annual Booster. Annual Booster is equivalent to the amount as stated below:

Policy Term 15
Policy Year % of Basic Sum Assured
1 – 6 6%
7 – 12 8%
13 – 15 18%
Total 138%
   
Policy Term 30
Policy Year % of Basic Sum Assured
1 – 6 6%
7 – 27 8%
28 – 30 28%
Total 288%
     
Policy Term 20
Policy Year % of Basic Sum Assured
1 – 6 6%
7 – 17 8%
18 – 19 18%
20 28%
Total 188%
 
Policy Term 40
Policy Year % of Basic Sum Assured
1 – 6 6%
7 – 36 8%
37 – 38 28%
39 – 40 38%
Total 408%

Annual Booster is not allowed to be withdrawn throughout the policy term, it will remain in the participating life fund.

Maturity Benefit 100% of the Basic Sum Assured PLUS total of all entitled Annual Booster PLUS any bonuses5 will be payable in one lump sum.

Optional Riders

  • PRUwaiver
  • Spouse Waiver
  • Parent Waiver

3 Total and Permanent Disability (TPD) Benefit expires at the policy anniversary date when the Life Assured’s age 70 next birthday.
4 110% for Entry Age ANB 1 to 50; 105% for Entry Age ANB 51 to 60.
5 Bonuses consist of Terminal Bonus and Compound Reversionary Bonus, which are accumulated and paid as a lump sum upon death, Total and Permanent Disability (TPD), surrender or maturity. These bonuses are not guaranteed and will depend on the actual operating and investment results experienced by Prudential’s participating life fund. Please refer to the Sales Illustration for past performances of Prudential’s participating life fund.

Eligibility

  • Age of Entry: 

    Child – 16 to 16 years old age next birthday (ANB)
    Adult – 17 to 60 years old age next birthday (ANB)

    6 For child plans, minimum entry age is 14 days.

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).