PRUMax Cover

  • prumax-coverprumax-cover

    PRUMax Cover

    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 10,000
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 Minimum BUA Premium per Year (RM)
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 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 neutral asset 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 neutral asset 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.

 

5 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.
  • PRULink Global Growth Fund is a fund that aims to generate long-term returns through investing primarily into a portfolio of assets globally including equities, equity-related securities, deposits, currencies, derivatives or any other financial instruments directly, and/or indirectly through the use of any funds.

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 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 UOBM Branch nearest to you.

Disclaimer

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).