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PRUGlobal Series

  • PRUGlobal Series

    PRUGlobal Series (This is an insurance product)

    A FOREIGN CURRENCY DENOMINATED (FX) SINGLE PREMIUM INVESTMENT-LINKED INSURANCE PLAN THAT OFFERS A COMBINATION OF INSURANCE PROTECTION AND INVESTMENT. The premiums and benefits payable under this plan are denominated in foreign currency.

Overview

With challenges from both global and local markets over the past few years, it is proven that there is no single asset class can outperform at all time. Hence, it is crucial to construct a long-term balanced and diversified investment portfolio. By utilising our newly introduced PRUGlobal Series1, we are able to facilitate you in constructing a diversified portfolio based on your risk appetite to cater for the following current or future needs:

  • Fund your children’s education abroad
  • Take on a broader portfolio diversification strategy
  • Prepare for retirement
  • Invest in properties abroad or migrate overseas


1 The product is not protected by PIDM.

 

What is PRUGlobal Series?

PRUGlobal Series is a foreign currency denominated (FX)2 single premium investment-linked insurance plan that offers a combination of insurance protection and investment. The premiums and benefits payable under this plan are denominated in foreign currency.


2FX shall refer to the foreign currency chosen by you.

 

Benefits

Wealth creation via foreign currency denominated (FX) insurance policy
Opportunity and convenience to create foreign currency asset to meet your financial goals and achieve broader portfolio diversification.

Wealth accumulation via high allocation rate to maximise your investment
Let 97% premium allocated work even harder to optimise your every dollar.

Wealth management by professionals to diversify your investment portfolio
We offer a range of professionally managed funds to cater to your risk appetite and investment style. As your needs change, simply re-balance or switch your funds.

Wealth protection irrespective of market fluctuations for you and your family against uncertainties
Provides you with peace of mind and financial security as you will be covered against death & Total and Permanent Disability (TPD)3

Wealth distribution according to your choices4
Peace of mind knowing your proceeds will be distributed to your loved ones in the most efficient manner. Hence, rest assured that your loved ones will have the financial resources they will need to carry on if the unfortunate happens.


3 Prior to the Policy Anniversary Date of age 70.

4 For Muslim, policy moneys shall be distributed according to Islamic Law.

 

Benefits Table

Death Benefit A lump sum benefit which is the higher of the following will be payable:
  1. 125% of Single Premium plus 100% of any Top-Up Premium paid, less any reduction due to withdrawal;
  2. value of units in Basic Unit Account and Investment Unit Account (if any); OR
  3. FX5,000.
Total and Permanent Disability (TPD) Benefit Death Benefit as stated above shall be payable upon Life Assured suffering from Total and Permanent Disability prior to the Policy Anniversary Date of age 70 next birthday.

Note: Payment of this benefit will reduce the Death Benefit.
Maturity Benefit Value of units in Basic Unit Account and Investment Unit Account (if any) will be payable.

 

Eligibility

Individuals aged between 1 and 70 years old 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) 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.

The certificate/policy is(are) NOT PROTECTED BY Perbadanan Insurans Deposit Malaysia (“PIDM”). 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).