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PRULADY CANCER INCOME

  • PRULady Cancer IncomePRULady Cancer Income

    PRULady Cancer Income

    An OPTIONAL STANDALONE SUPPLEMENTARY LIMITED PAY NON-PARTICIPATING TERM INSURANCE PLAN to PRUValue Gain exclusively for ladies. It provides income replacement benefit upon diagnosis of Cancer.

Overviews

In times of uncertainty it is vital to ensure that you are taken care of so that you can take care of those who matter most to you. Safeguard yourself with a plan that creates more value for your desired life journey. Live your everyday to the fullest knowing that a plan is there to cover you through unfortunate circumstances. 

Introducing PRULady Cancer Income, an optional standalone supplementary limited pay non-participating term insurance plan to PRUValue Gain exclusively for ladies. It provides you with a stream of income and helps you stay covered when you are diagnosed with Cancer* until the end of your policy term.

*Cancer covered under PRULady Cancer Income are cancers of specified severity and does not cover very early cancers. Full definition for Cancer is detailed in the Policy Contract.

Benefits

Life Celebration Benefit*, cash reward of RM300 claimable up to 3 celebration events per policy when you achieve certain life milestones. 

Additional Cancer Income Benefit* on top of your PRUValue Gain’s Survival Benefit if you are diagnosed with Cancer^ with only a few health questions asked. 

Death Benefit, a minimum of RM2,000* will be payable upon death before Cancer claim is triggered. 

Years of financial security as benefit payment to your loved ones will continue if death happens after Cancer claim is triggered until the end of policy term. 


*Refer to Benefits Table for more details

^Cancer covered under PRULady Cancer Income are cancers of specified severity and does not cover very early cancers. Full definition for Cancer is detailed in the Policy Contract.

Benefits Table

Basic Benefits Details
Premium Payment Term and Policy Term
Premium Payment Term (years) Policy Term (years)
3 15
5 15
20
30
10 20
30
Notes:
  • The premium payment term and policy term for PRULady Cancer Income will be the same with PRUValue Gain.
  • The available combination of premium payment term and policy term depends on the coverage term (i.e. entry age + policy term) not exceeding 80 years old.
Cancer Income Benefit We shall pay the benefit below if the Life Assured is diagnosed with Cancer. If date of diagnosis is within the first 180 days from the effective date of policy or revival date of the policy, whichever is later:
100% of total premiums paid for PRULady Cancer Income (inclusive of loading and excluding taxes, if any) shall be payable and the policy will be terminated. If date of diagnosis is after 180 days from the effective date of policy or revival date of the policy, whichever is later:
Cancer Income Benefit equivalent to n* (unit) times of PRUValue Gain’s Survival Benefit of respective policy year, shall be payable at the end of each policy year, starting from the policy year following the diagnosis date of the Life Assured’s Cancer, until the expiry of the policy, or until death of Life Assured during the term of the policy, whichever is earlier.

*Minimum 1 unit, up to maximum 3 units. Each unit refers to additional 1 time of PRUValue Gain’s Survival Benefit of respective policy year.
Death Benefit Upon death of Life Assured before a claim for Cancer Income Benefit is triggered: We shall pay the higher of:
  • RM2,000; or
  • Guaranteed Surrender Value.

Upon death of Life Assured after a claim for Cancer Income Benefit is triggered:

The remaining unpaid amount of Cancer Income Benefit will be paid at the end of each policy year until the expiry of the policy.
Life Celebration Benefit RM300 will be payable for the following celebration events (can only claim up to 3 celebration events):
  • Graduation;
  • Doubling of salary;
  • Buying a property;
  • Marriage;
  • Childbirth; or
  • Retirement

The celebration event to claim must happen on or after the effective date or revival date of policy, whichever is later. Policyholder can only submit a claim for this benefit after 2 years from the effective date or revival date of policy, whichever is later. Every subsequent claim can be done 1 year after the previous claim.

 

Eligibility

  Adult
Entry Age 17 – 65*

Age reference shall be on the basis of Age Next Birthday (ANB).

* The maximum entry age will depend on the policy term chosen for PRUValue Gain which is subject to the coverage term (i.e. entry age + policy term) not exceeding 80 years old.

Enrolment

Visit any UOB Malaysia Branch nearest to you.

Disclaimer

Underwritten by:

Prudential

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.

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).