PRUMILLION COVER 2.0

  • PRUMillion Cover 2.0PRUMillion Cover 2.0

    PRUMillion Cover 2.0 (This is an insurance product)

    AN INVESTMENT-LINKED INSURANCE PLAN that gives you insurance protection up until age 100 next birthday while you grow a legacy for your family. With guaranteed rates of insurance charge and a short premium payment period of 5 years, PRUMillion Cover 2.0 is designed for your peace of mind.

Introduction

Life is full of uncertainties. This is why it is vital to make sure your family is protected should the unimaginable happen to you. Shape a secure financial future by leaving a legacy for the people who matter most. 

With guaranteed rates* of insurance charge and a short premium payment period of 5 years, PRUMillion Cover 2.0 is designed for your peace of mind. Be assured knowing your family will be taken care of and financially secure, even when you are no longer with them.

*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)..

Benefits

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).

Benefits Table

Premium Payment Period and Policy Term

Premium Payment Period

Policy Term

5 years

Different policy term options up to age 70, 80, 90, 100 next birthday or 20 years (where applicable)1

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.

Death/ Total and Permanent Disability (TPD)6/ Accidental Death (AD)6

  • Pays 100% of the Basic Sum Assured2 upon death or TPD6
  • Pays 200% of the Basic Sum Assured2 upon death due to accident6
  • Pays 300% of the Basic Sum Assured2 upon death due to accident6 from commuting in public conveyance, elevator car or due to fire while in a public building
  • Pays 400% of the Basic Sum Assured2 upon death due to accident6 occurring outside of Malaysia7

On top of the benefit illustrated above, value of units in Basic Unit Account (BUA) and all remaining value of units in the Investment Unit Account (IUA) (if any) shall also be payable upon death.

2Basic Sum Assured shall be in line with 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 TPD:

Policy Year

% of Basic Sum Assured

1

100

2

102

3

104

4

106

5 or above 5

108

6TPD and AD coverage are available prior to the Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier.

790 days residing period is applicable except for Brunei and Singapore.

Infectious Disease Coverage

Travel worry-free. Whenever you are travelling, you will be protected with extra coverage on infectious diseases up to age 70 next birthday or expiry of the policy, whichever is earlier.

Category A
RM5,000 for each diagnosis

Category B
RM10,000 for each hospitalisation

  • Measles
  • Hand Foot Mouth Disease
  • Chikungunya Fever
  • Typhoid Fever
  • Rabies
  • Zika virus
  • MERS-CoV
  • Ebola
  • SARS
  • Influenza A – Avian Influenza A(H7N9) & A(H5N1)
  • Nipah Virus Encephalitis
  • Japanese Encephalitis
  • Creutzfeldt-Jakob Disease
  • Malaria

Multiple claims can be made under each category, provided that each infectious disease is only claimable once during the policy term prior to Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier.

Loyalty Bonus and Loyalty Booster

Get rewarded with Loyalty Bonus equivalent to RM1 per RM1,000 of Basic Sum Assured2 once every 2 years upon completion of 9 policy years. On top of that, you will also enjoy a further one-off Loyalty Booster equivalent to 8% of the Basic Sum Assured2 on the Policy Anniversary when you reach age 70, 80 or 90 next birthday depending on your entry age as shown below:

Entry Age (Next Birthday)

Loyalty Bonus Payout Term

Loyalty Booster Payout Age (Next Birthday)

Age 19 – 50

Once every 2 years upon completion of 9 policy years.

Age 70

Age 51 – 65

Age 80

Age 66 - 70

Age 90

Both Loyalty Bonus and Loyalty Booster shall be payable into Basic Unit Account (BUA), provided that the policy is still in force.

2Basic Sum Assured shall be in line with 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 TPD:

Policy Year

% of Basic Sum Assured

1

100

2

102

3

104

4

106

5 or above 5

108

No-Lapse Provision5

PRUMillion Cover 2.0 comes with No-Lapse Provision5, which allows you to enjoy continuous protection during the first crucial 72 months regardless of market performance.

5Provided that all premiums due 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:

Optional Riders

Descriptions

Payor Basic 2.0

Payor Basic 2.0 pays the Basic Unit Account (BUA) premium if you are diagnosed with any of the 42 covered Critical Illnesses or suffer from Total and Permanent Disability (TPD) prior to Policy Anniversary of age 70 next birthday.

Payor Saver 2.0

Payor Saver 2.0 pays the PRUSaver premium if you are diagnosed with any of the 42 covered Critical Illnesses or suffer from TPD prior to Policy Anniversary of age 70 next birthday.

Spouse Payor Basic 2.0

Spouse Payor Basic 2.0 pays the BUA premium if your spouse is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of age 70 next birthday or dies.

Spouse Payor Saver 2.0

Spouse Payor Saver 2.0 pays the PRUSaver premium if your spouse is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of age 70 next birthday or dies.

Notes:

  1. For the full list of covered Critical Illnesses and exclusions, please refer to PRUMillion Cover 2.0 Product Disclosure Sheet and Product Illustration.
  2. Policy coverage term is not guaranteed when payor rider(s) is/are attached, it shall depend on the policy having sufficient value of units to cover all the policy charges.

What is guaranteed rates of insurance charge?

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. You may ask your insurer/UOB Malaysia representative for other types of plans offered by PAMB. 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).

For products with non-guaranteed rates of insurance charge, the rates of insurance charge may be revised by us by giving 3 months’ notice. Additional premium may be required at the point of such rates revision if we foresee risk of non-sustainability of the policy.

Investment Opportunity

PRUMillion Cover 2.0 offers you growth opportunities to diversify your fund(s) both locally and globally through our PRULink Fund(s), PRULink Global Fund(s) and/or PRULink Local and Global Fund(s).

8 PRULink Funds

  • PRULink Equity Income Fund aims to maximise returns over medium to long term. This is achieved by investing in a diversified portfolio of 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. This is achieved 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 aims to maximise returns over medium to long term 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 ratio is 80% in equities and 20% in fixed income securities with allowable movement +/- 10%.

  • 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 Shariah-approved shares listed on the Bursa Malaysia.

  • PRULink Dana Urus II aims to maximise returns over medium to long term by investing in Shariah-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 ratio is 80% and 20% with allowable movement from the benchmark of +/- 10%.

  • PRULink Dana Aman aims to provide medium to long term accumulation of the 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.

6 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 through any other PRULink Global Funds that may 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 maximise 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 maximise 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, People’s Republic of China, 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.

  • PRULink Asia Pacific Dynamic Income Fund aims to provide stable return and achieve medium to long term capital appreciation by investing primarily in Asia Pacific ex-Japan region assets including equities, equity-related securities, debt securities, deposits or any other financial instruments directly, and/or indirectly through the use of any funds such as investment-linked funds set up by us, collective investment schemes and/or exchange traded funds.

2 PRULink Local and Global Funds

  • PRULink Equity Plus Fund aims to maximise long-term returns through investing into a portfolio of domestic and foreign assets including equities, equity-related securities, deposits, currencies, derivatives or any other financial instruments directly, and/or indirectly through the use of any funds such as investment-linked funds set up by us, collective investment schemes and/or exchange traded funds.

  • PRULink Managed Plus Fund aims to maximise long-term returns through investing into a portfolio of domestic and foreign assets including equities, equity-related securities, fixed income securities, deposits, currencies, derivatives or any other financial instruments directly, and/or indirectly through the use of any funds such as investment-linked funds set up by us, collective investment schemes and/or exchange traded 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 an investment-linked fund is not guaranteed.

Eligibility

Age of Entry: Age 19 to 70 next birthday 

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). 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. 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.

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).