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PRUCredit Shield Elite

(This is an insurance plan)

Get worry-free coverage against your credit card outstanding balance.

Overview

PRUCredit Shield Elite is an insurance plan that provides protection of up to 300% of your outstanding credit card balance(s)1 and helps settle your outstanding balance(s) under unfortunate circumstances.

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Benefits at a glance

Up to 300% Protection of your Outstanding Credit Card Balance(s)<sup>1</sup>

Up to 300% Protection of your Outstanding Credit Card Balance(s)1

Payable in the event of death, Total and Permanent Disability (TPD) or diagnosis of the covered 43 critical illnesses

Temporary Total Disability (TTD) Benefit<sup>2</sup>

Temporary Total Disability (TTD) Benefit2

10% of your outstanding credit card balance(s) will be payable in the event of temporary total disability

Hospitalisation Benefit<sup>3</sup>

Hospitalisation Benefit3

Settlement of your outstanding credit card balance(s) in the event of hospitalisation due to sickness, disease, illness or injury

Compassionate Benefit<sup>4</sup>

Compassionate Benefit4

Up to 20% of your outstanding credit card balance(s) will be payable to your nominee in the event of death
(capped at RM3,000 per life)

No Claim Bonus<sup>5</sup>

No Claim Bonus5

10% of premiums paid will be payable at the end of every certificate year if no claims incurred

Affordable Premium

Affordable Premium

As low as RM0.66 per month for every RM100 outstanding balance

Eligibility

Available exclusively for principal UOB Credit Cardmembers who are 21 to 65 as of age next birthday (ANB), renewable up to ANB 66.

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Ways to Apply

SMS

SMS "UOBP6" to 66300.
We will contact you within
five (5) working days

or

Call

Call our 24-hour UOB Contact Centre
at +6(03) - 2612 8121

 

Terms and conditions apply.

For the Product Disclosure Sheet (PDS), click here.

 

 

  

Disclaimers

Disclaimers
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The “outstanding balance” means the sum outstanding from your credit card(s) (including any supplementary credit card) 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.

 

Sum Insured is the Insured Cardmember’s outstanding balance, subject to the maximum claim amount of RM100,000 for a Principal Classic or Gold Card Member or RM300,000 for a Principal Platinum Card Member per product per life, irrespective of the number of card enrolments of such Principal Card Member under the PRUCredit Shield Elite group insurance plan. In the event where an Insured Cardmember holds both Principal Classic or Gold Card(s) and Principal Platinum Card(s), the Sum Insured shall be the Insured Cardmember’s combined outstanding balance for his/her Principal Classic or Gold Card(s) and Principal Platinum Card(s) and shall not exceed the maximum claim amount of RM300,000 for a Principal Platinum Card. The Master Policyholder will have the sole and absolute discretion to categorise any of its credit cards into 'Classic', 'Gold' or 'Platinum'.

 

Outstanding premium shall be deducted from the claim (except No Claim Bonus and Compassionate Benefit) paid. Outstanding premium is the difference< between the revised premium (calculated based on the increased outstanding balance, if the outstanding balance that is payable is more than the outstanding balance at the previous monthly billing date that premium was received) and the premium received at the previous monthly billing date.

 

For the full list of covered 43 Critical Illness, waiting periods, exclusions and other terms and conditions, please refer to Product Disclosure Sheet and insurance certificate.

  1. For Angioplasty and Other Invasive Treatments for Coronary Artery Disease, only 10% of the Critical Illness Benefit shall be payable, subject to a maximum of RM25,000
  2. TTD Benefit shall be payable in the event of totally and temporarily disabled continuously for at least 15 days, up to 12 monthly payments per lifetime and premium, as and when due, will be waived
  3. Hospitalisation Benefit shall be payable in the event of hospitalisation which is medically necessary for more than 6 days continuously. In each certificate year, there shall only be 1 claim on Hospitalisation Benefit per plan subject to a maximum of RM 30,000 per Insured Cardmember
  4. Any Compassionate Benefit below RM20 for each Insured Cardmember will not be paid
  5. At the end of every certificate year, No Claim Bonus (NCB) shall be payable, provided that the insurance certificate remains in force and if there is no claim incurred during the particular certificate year

PRUCredit Shield Elite is a yearly renewable non-participating group insurance plan underwritten by Prudential Assurance Malaysia Berhad 198301012262 (107655-U) and distributed by United Overseas Bank (Malaysia) Bhd 199301017069 (271809-K). 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.

 

The benefit(s) payable under eligible certificate/policy is(are) protected by Perbadanan Insurans Deposit Malaysia (“PIDM”) up to limits. 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 ).