EssentialLife (SP)

  • EssentialLife SPEssentialLife SP

    EssentialLife (SP)

    A SINGLE PREMIUM NON-PARTICIPATING INDIVIDUAL TERM LIFE INSURANCE PLAN that offers insurance protection benefit.

Overviews

Ensure business continuity and shield your family from financial insecurities should any unfortunate event happens. 

Being a business owner or corporate personnel who has taken up financial facilities from bank, there is always a concern to ensure business continuity in the events of unforeseen circumstances happen to you. We are pleased to introduce EssentialLife (SP), a single premium non-participating individual term life insurance plan that relieves you and your loved ones from the burden of repaying financing commitment while safeguarding your business interest should something unexpected happen to you for the duration of the policy. 

Let EssentialLife (SP) gives you a peace of mind while you focus on what’s important to you today.

 

Benefits Table

Basic Benefits Details
Death Benefit Basic Sum Assured shall be payable in the event of death of the Life Assured during the policy term.
Total and Permanent Disability (TPD) Benefit Basic Sum Assured shall be payable upon Life Assured suffering from Total and Permanent Disability prior to the Policy Anniversary of ANB 65 or expiry of policy, whichever is earlier.

 

Optional riders Details
Refund Of Premium (ROP) – 100% This optional rider pays the 100% of total single premium paid at the end of the policy term provided that no claim for Basic Benefits has been paid during the policy term.
Refund Of Premium (ROP) – 106% This optional rider pays the 106% of total single premium paid at the end of the policy term provided that no claim for Basic Benefits has been paid during the policy term.

This optional rider is only attachable to the EssentialLife (SP) policy with policy term 10 years and above.

You can only select either one of the ROP riders depending on your financial needs.

 

Eligibility

  Adult
Entry Age 18 - 60

Age reference shall be on the basis of 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, Sales Illustration and the consumer education booklet on “Life Insurance” for further information 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 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 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) 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).