PRUMillion Cover 2.0 is a regular premium investment-linked insurance plan that has the flexibility to be with you up to selected policy term and with Extension of Coverage Term up to age 100 next birthday1.
Multiply your protection up to 4X the Basic Sum Assured2,3
Increasing protection up to 108% of Basic Sum Assured until selected policy term and with Extension of Coverage term up to age 100 next birthday1
Loyalty rewards along the way
Limited premium payment period of 5 years
Infectious disease4 coverage
Opportunity to invest in both local and global markets
No-Lapse Provision5
2.0-Guaranteed rates* of insurance charge for basic plan
-Guaranteed rates* of insurance charge for payor riders
1PRUMillion Cover 2.0 offers a selection of different policy term options up to age 70, 80, 90, 100 next birthday or 20 years (where applicable). ). This plan comes with Extension of Coverage Term to extend the term of basic plan up to the Policy Anniversary of Life Assured's age 100 next birthday. For rider(s), if applicable, the rider’s term will be extended up to the Policy Anniversary of Life Assured’s age 100 next birthday or the rider's maximum coverage term, whichever is earlier. Unless you request to disable the Extension of Coverage Term, your policy will be auto extended as long as it has sufficient value of units to be deducted to pay for the relevant charges, fees and taxes during the extended term. To ensure sufficient value of units, additional premium is likely required during the extended term. During the extended coverage term, the coverage provided by the basic plan and rider(s) (if applicable) will remain the same.
2The Basic Sum Assured is subject to the Increasing Basic Sum Assured table shown below, any increase/decrease of sum assured via endorsement and the accelerated sum assured paid out due to Total and Permanent Disability (TPD).
|
Policy Year
|
% of Basic Sum Assured
|
|
1
|
100
|
|
2
|
102
|
|
3
|
104
|
|
4
|
106
|
|
5 or above 5
|
108
|
3Accidental Death (AD) coverage is available prior to the Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier.
4Infectious disease coverage is available prior to the Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier. Please refer to Infectious Disease Coverage under the Benefits Table tab for the list of covered infectious diseases.
5Provided that all premiums due are paid and no withdrawals have been made from the Basic Unit Account (BUA).
*The rates of insurance charge for this plan are guaranteed with no revision allowed throughout the policy term, regardless of the claim experience and are likely to be higher as compared to similar plan(s) with non-guaranteed rates of insurance charge. Hence, this may result in higher premium payable as compared to similar plan(s) with non-guaranteed rates of insurance charge, which may also be offered by Prudential Assurance Malaysia Berhad (“PAMB”) from time to time. Please note that investment-linked plan is tied to the performance of the investment fund(s) chosen, and as a result, the sustainability of the policy is not guaranteed, and subject to the availability of sufficient fund value to pay for insurance and other charges, fees and taxes (if any).
