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  3. Pre-Retirement
  4. PRUMax Cover

PRUMax Cover

  • prumax-coverprumax-cover

    PRUMax Cover (This is an insurance product)

    A regular premium investment -linked insurance plan that offers a combination of protection and investment benefit to help you achieve both short-term and long-term goals.

Overview

Financial independence is one of the greatest gifts in life that you can give to your loved ones. With financial security, they may have a better and more comfortable lifestyle, as well as a stable and secure future. Setting up your own lifetime goals will help you to deliver these gifts. 

How do you ensure that you have the ability to achieve your lifetime goals? A simple way is to have a sound financial plan that not only provides you with adequate protection but also creates your wealth. 

Introducing PRUMax Cover, a regular premium investment-linked insurance plan that combines both protection and investment elements to help you achieve both short-term and long-term goals.

 

Benefits

Flexible premium amount and payment period to suit your financial planning
You have the flexibility to select different premium payment amount and payment period according to your preference and priorities in life.
 

Unlock investment opportunities through various fund selections
This plan provides you opportunities to grow your wealth by investing in professionally managed investment-linked funds both locally and globally.
 

Treat yourself with Milestone Booster by staying with us
Receive Milestone Booster of up to RM6,8881 as our way of rewarding you for staying with us.
 

Uplift your protection up to 45x of your annualised Basic Unit Account (BUA) premium2
It safeguards you and your loved ones with lifetime3 insurance protection on death, Total and Permanent Disability (TPD)6. Furthermore, should any lifetime mishaps happen, you will receive up to 45x of your annualised Basic Unit Account (BUA) premium2.
 

Relaxed enrolment4 process with just a few health questions asked
Only a few simple health questions will be asked, and you are on your way to secure your life protection. It is easy and hassle-free.
 

Extra protection upon accidental death event6
You will receive an additional 100% of the payout of Death Benefit5 in the event of accidental death6.

 

Notes:

1Please refer to the Milestone Booster Payout table under Benefits Table.

2The Sum Assured Multiplier on your annualised BUA premium will only be applicable before age next birthday (ANB) 70 or in the first 20 years from commencement of policy, depending on your entry age. Please refer to the Sum Assured Multiplier table under Benefits Table.

3The policy coverage term and benefits payable shall depend on the policy having sufficient value of units to cover all the policy charges.

4Relaxed enrolment process is only applicable for basic plan without any payor rider(s) attached.

5Exclude value of units in Investment Unit Account (IUA) (if any).

6Prior to the Policy Anniversary of ANB 70 or expiry of the policy, whichever is earlier.

 

Benefits Table

Premium Payment Period and Policy Term
Premium Payment Period (Years) Policy Term
3 PRUMax Cover will expire upon Policy Anniversary of Life Assured’s age next birthday (ANB) 1007.
5
10
20

7The policy coverage term and benefits payable shall depend on the policy having sufficient value of units to cover all the policy charges. This would mean that the policy needs to have a positive value of units in order for coverage to remain in force. In the event when the policy does not have sufficient value of units, additional premiums are required for continuous coverage up to Policy Anniversary of ANB 100.

 

Basic Unit Account (BUA) Premium

Minimum BUA Premium may vary depending on your premium payment period as below:

Premium Payment Period (Years) Minimum BUA Premium per Year (RM)
3 40,000
5 25,000
10 12,000
20 8,000

Maximum BUA premium may vary depending on your affordability and underwriting condition (if any).

 

Basic Sum Assured

Basic Sum Assured will be derived by multiplying annualised BUA premium with Sum Assured Multiplier. Sum Assured Multiplier varies depending on your entry age and premium payment period as shown below:

Entry Age* of Life Assured Premium Payment Period (Years)
3 5 10 20
1 - 18 30x 30x 35x 45x
19 - 25 28x 35x 35x 45x
26 - 35 25x 25x 30x 40x
36 - 45 18x 20x 25x 35x
46 - 55 13x 13x 15x 25x
56 - 60 8x 10x 12x 22x
61 - 65 8x 8x 12x N/A
66 -70 8x 8x 10x N/A

Note: Age* = age next birthday (ANB)

 

Death Benefit

For entry age* 50 and below:

On or before ANB 70:

  1. Basic Sum Assured;
  2. value of units in BUA; OR
  3. RM5,000

whichever is higher, PLUS any remaining value of units in IUA (if any).


After ANB 70:

  1. 105% of Total BUA Premium Paid less any withdrawal from BUA;
  2. value of units in BUA; OR
  3. RM5,000

whichever is higher, PLUS any remaining value of units in IUA (if any).


For entry age* 51 and above:

In the first 20 years from commencement of the policy:

  1. Basic Sum Assured;
  2. value of units in BUA; OR
  3. RM5,000

whichever is higher, PLUS any remaining value of units in IUA (if any).


After the first 20 years from the commencement of the policy:

  1. 105% of Total BUA Premium Paid less any withdrawal from BUA;
  2. value of units in BUA; OR
  3. RM5,000

whichever is higher, PLUS any remaining value of units in IUA (if any).

 

Note: age* = age next birthday (ANB).

 

Total and Permanent Disability (TPD) Benefit

Basic Sum Assured or value of units in BUA, whichever is higher shall be payable upon Life Assured suffering from TPD prior to the Policy Anniversary of ANB 70 or expiry of the policy, whichever is earlier.

Note: Payment of this benefit will reduce the Death Benefit (excluding value of units in IUA (if any)) and value of units in BUA.

 

Accidental Death Benefit

Death Benefit and an additional 100% of Death Benefit (excluding value of units in IUA (if any)) shall be payable if the accidental death event happens prior to the Policy Anniversary of Life Assured’s ANB 70 or expiry of the policy, whichever is earlier. In the event of accidental death while the Life Assured is below ANB 19, the Accidental Death Benefit payable will be subjected to maximum of RM2 million per life.

Note: In the event of a claim arising from death, TPD or accidental death on life of the child before ANB 5, the amount of Basic Sum Assured paid out will be subjected to Juvenile Lien.

Milestone Booster

A lump sum amount shall be credited into IUA by the Policy Anniversary of the payout age, provided that the policy is still in force. You may refer to the table below for Milestone Booster payout.

Entry Age* Payout Age* Premium Payment Period (Years)
3 5 10 20
1 - 50 70 RM3,888 RM4,888 RM5,888 RM6,888
51 - 60 80
61 - 70 90

Note: Age* = age next birthday (ANB)

 

No-Lapse Provision

 Your policy will not lapse during the first 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:

Premium Paying Riders Details
PRUPayor Basic PRUPayor Basic pays the Insurance Premium and PRUAllocator Premium upon Life Assured’s diagnosis of any of the 35 covered Critical Illnesses (CI). Provided the policy is in force, this benefit will be payable until the end of premium payment period or the Policy Anniversary of Life Assured’s ANB 100, whichever is earlier.
PRUPayor Saver PRUPayor Saver pays the Investment Premium upon Life Assured’s diagnosis of any of the 35 covered CI. Provided the policy is in force, this benefit will be payable until the end of premium payment period or the Policy Anniversary of Life Assured’s ANB 100, whichever is earlier.
PRUSpouse Payor Basic PRUSpouse Payor Basic pays the Insurance Premium and PRUAllocator Premium upon Life Assured’s spouse suffering from TPD8, death or diagnosis of any of the 35 covered CI. Provided the policy is in force, this benefit will be payable until the end of premium payment period or the Policy Anniversary of Life Assured’s ANB 100 or Life Assured’s spouse ANB 100, whichever is earlier.
PRUSpouse Payor Saver PRUSpouse Payor Saver pays the Investment Premium upon Life Assured’s spouse suffering from TPD8, death or diagnosis of any of the 35 covered CI. Provided the policy is in force, this benefit will be payable until the end of premium payment period or the Policy Anniversary of Life Assured’s ANB 100 or Life Assured’s spouse ANB 100, whichever is earlier..
PRUParent Payor Basic PRUParent Payor Basic pays the Insurance Premium and PRUAllocator Premium upon Life Assured’s parent suffering from TPD8, death or diagnosis of any of the 35 covered CI. Provided the policy is in force, this benefit will be payable until the end of premium payment period or the Policy Anniversary of Life Assured’s ANB 25 or Life Assured’s parent ANB 100, whichever is earlier.
PRUParent Payor Saver PRUParent Payor Saver pays the Investment Premium upon Life Assured’s parent suffering from TPD8, death or diagnosis of any of the 35 covered CI. Provided the policy is in force, this benefit will be payable until the end of premium payment period or the Policy Anniversary of Life Assured’s ANB 25 or Life Assured’s parent ANB 100, whichever is earlier.

Investment Rider Details
PRUSaver This is a regular premium rider mainly for investment purpose. It does not provide any insurance coverage.

Note: For the full list of covered CI, waiting periods and exclusions, please refer to Product Disclosure Sheet and Product Illustration.

8TPD coverage is available prior to the Policy Anniversary of insured life’s ANB 70 or the expiry of the rider, whichever is earlier.

 

 

Investment Opportunity

PRUMax Cover offers you growth opportunities to diversify your funds both locally and globally through our PRULink Fund(s), PRULink Global Fund(s) and/or PRULink Local and Global Fund(s).

PRULink Funds
  • PRULink Equity Income Fund
  • PRULink Equity Focus Fund
  • PRULink Managed Fund II
  • PRULink Bond Fund II
  • PRULink Dana Unggul
  • PRULink Dana Urus II
  • PRULink Strategic Managed Fund
PRULink Global Funds
  • PRULink Asia Managed Fund
  • PRULink Global Market Navigator Fund
  • PRULink Dragon Peacock Fund
  • PRULink Asia Equity Fund
  • PRULink Global Growth Fund
  • PRULink Asia Pacific Dynamic Income Fund
  • PRULink Global ESG Choice Fund
PRULink Local and Global Funds
  • PRULink Equity Plus Fund
  • PRULink Managed Plus Fund


Click here to find out more about the objectives of the Investment-linked funds for PRULink Fund(s), PRULink Global Fund(s) and/or PRULink Local and Global Fund(s).


NOTE: This is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. Return on an investment-linked fund is not guaranteed.

 

Eligibility

  Child Adult
Entry Age* 1^ – 18 19 – 70

^For child plans, minimum entry age is 30 days.
Note: Age* = age next birthday (ANB)

Enrolment

Visit any UOB Malaysia Branch nearest to you.

Disclaimer

Underwritten by:

Prudential

The above plans are 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) Berhad’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. You are advised to visit any of our branches and to refer to Product Brochure, Product Disclosure Sheet, Product/Sales Illustration and Fund Fact Sheet(s) (if any) before purchasing a policy, and to refer to the terms and conditions in the policy contract for details of the features and benefits under the policy.

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 UOB Malaysia representative who will perform a needs analysis and assist you in making an informed decision.

PROTECTION BY PERBADANAN INSURANS DEPOSIT MALAYSIA (“PIDM”) ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/POLICY IS(ARE) SUBJECT TO LIMITATIONS. 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).