PRUCredit Shield Elite is a yearly renewable non-participating group insurance plan that offers insurance protection by settling your principal and supplementary credit card Outstanding Balance in the event of death, TPD, TTD, hospitalisation, or diagnosis of one of the covered 43 critical illnesses. This plan also pays a Compassionate Benefit in the event of death. At the end of every certificate year, this plan will pay a No Claim Bonus if there is no claim incurred during the particular certificate year.
Monthly premium is at only RM0.66 per month for every RM100.00 Outstanding Balance. It comes with complimentary coverage from the date of commencement of coverage until the day before the billing date of the second monthly bill of your credit card issued.
The Outstanding Balance means the sum outstanding from your principal and supplementary credit card (if any) including any finance, late payment charges, outstanding credit card balance and term loan instalment amount arising from the conversion of credit card balance to a term loan being charged to the credit card, prior to the occurrence of your death, TPD, TTD, diagnosis of one of the covered 43 critical illnesses, or the first day of hospitalisation in accordance with the provisions under the insurance certificate. For clarity, if any of these new credit card outstanding balance related charges as mentioned here are incurred after the occurrence of death, TPD, TTD, diagnosis of one of the covered 43 critical illnesses, or on or after the first day of hospitalisation, it shall not form any part of the Outstanding Balance.
Exclusively available for UOB Credit Cardmembers, selling via telemarketing channel, renewable up to age next birthday (ANB) 66.