PRULink Cover

  • PRULink Cover

    PRULink Cover (This is an insurance product)

    A REGULAR PREMIUM INVESTMENT-LINKED INSURANCE PLAN. This plan provides coverage in the event of Death & Total and Permanent Disability (TPD), whichever occurs first.

Overview

Introduction

As we go through our journey in life, our priorities and aspirations may change at different stages. Planning is key to protecting yourself and your loved ones from the unexpected and ensuring that your financial well-being is secured throughout your different life stages.

Benefits

PRULink Cover is a regular premium investment-linked insurance plan that grows and stays with you throughout your life journey – from protection of unborn babies as early as 13 gestational weeks, up to selected policy term and with Extension of Coverage Term up to age 1001. It offers different types of riders, such as critical illness riders, accidental riders, medical riders, payor riders and saving riders too. You have the flexibility to select additional riders to tailor to your life stage needs. Not only that, PRULink Cover also rewards you with Goal Achievement Benefit2 when you achieved certain milestones of life.

 

Riders Details
Infant Care Plus Infant Care Plus provides Pregnancy Care Benefit and Child Care Benefit which covers up until the child attains age 5.
Essential Child Plus Essential Child Plus (ECP) pays the rider sum assured upon diagnosis of a covered child specified illness prior to the Policy Anniversary of Life Assured age 25 if Life Assured survives throughout the survival period after diagnosis. Upon the expiry date of this rider, the available ECP sum assured will be converted to Crisis Care.
Crisis Guard Crisis Guard is an accelerated critical illness rider that pays the rider sum assured upon diagnosis of a covered Critical Illness prior to the expiry of the policy.
Crisis Care Crisis Care is an additional critical illness rider that pays the rider sum assured upon diagnosis of a covered Critical Illness prior to the expiry of the policy. Crisis Care shall be payable if Life Assured survives throughout the survival period after being diagnosed with the covered Critical Illness.
Acci Guard Plus3 Acci Guard Plus pays the rider sum assured on death or TPD3 due to accident or a percentage of the rider sum assured on disablement due to accident. In addition, the rider also pays compassionate benefit upon death.
Acci Med Plus3 Acci Med Plus reimburses the actual expenses incurred for medical treatment, hospital confinement or nursing services due to accident up to the rider sum assured within 104 weeks from the date of accident. It also reimburses the actual expenses for traditional & complementary treatment, up to RM300 per accident, incurred within 90 days from the date of accident, subject to RM1,500 per lifetime. In addition, it also pays overseas companion allowance and prosthesis/wheelchair allowance.
Acci Income Plus3 Acci Income Plus pays weekly income for temporary total disablement and temporary partial disablement due to accident within 90 days from the date of accident subject to a combined total of 104 weeks for each accident. It also pays daily income for confinement in Malaysian Government Hospital due to accident for the duration of such confinement limited to a maximum of 100 days during any one policy year.
Payor Basic Payor Basic pays the Insurance Premium upon Life Assured suffering from TPD3or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 100.
Payor Saver Payor Saver pays the Investment Premium upon Life Assured suffering from TPD3 or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 100.
Spouse Payor Basic Spouse Payor Basic pays the Insurance Premium upon Life Assured’s spouse suffering from TPD3, death or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 100 or Life Assured’s spouse age 100, whichever is earlier.
Spouse Payor Saver

Spouse Payor Saver pays the Investment Premium upon Life Assured’s spouse suffering from TPD3, death or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 100 or Life Assured’s spouse age 100, whichever is earlier.

Parent Payor Basic Parent Payor Basic pays the Insurance Premium upon Life Assured’s parent suffering from TPD3, death or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 25 or expiry of the policy, whichever is earlier..
Parent Payor Saver Parent Payor Saver pays the Investment Premium upon Life Assured’s parent suffering from TPD3, death or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 25 or expiry of the policy, whichever is earlier.
2Parent Payor Basic 2Parent Payor Basic pays the Insurance Premium upon Life Assured’s parent suffering from TPD3, death or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 25 or expiry of the policy, whichever is earlier. If both parents are suffering from any of the abovementioned unfortunate events, the annual benefit will be doubled and pay to BUA.
2Parent Payor Saver 2Parent Payor Saver pays the Investment Premium upon Life Assured’s parent suffering from TPD3, death or diagnosis of a covered Critical Illness. Provided the policy is in force, this benefit will be payable until the Policy Anniversary of Life Assured’s age 25 or expiry of the policy, whichever is earlier. If both parents are suffering from any of the abovementioned unfortunate events, the annual benefit will be doubled and pay to IUA.
PRUValue Med4 PRUValue Med is a comprehensive medical rider with no annual limit and lifetime limit subject to Med Value Point (RM1 million, RM1.5 million or RM2 million). The rider reimburses medical expenses according to the selected benefits in the event of hospitalisation or outpatient treatment due to illness or injury.
PRUValue Med Booster4 PRUValue Med Booster is a rider attachable to PRUValue Med, which comes with a guaranteed auto-increasing lifetime limit (also known as Med Value Point) every policy year. This rider complements the benefits of PRUValue Med and provides No Claims Benefit.
PRUMillion Med4 PRUMillion Med is a comprehensive medical rider that provides high medical coverage exceeding RM1 million a year and no lifetime limit. The rider reimburses medical expenses according to the selected plan in the event of hospitalisation or outpatient treatment due to illness or injury.
PRUMillion Med Booster4 PRUMillion Med Booster is a rider attachable to PRUMillion Med, which comes with a guaranteed auto-increasing annual limit every policy year. This rider complements the benefits of PRUMillion Med and provides No Claims Benefit.
PRUHealth4 PRUHealth provides basic medical coverage that rewards you for staying healthy. This rider reimburses medical expenses according to the selected plan in the event of hospitalization or outpatient treatment due to illness or injury.
PRUMedic Overseas PRUMedic Overseas reimburses the actual expenses for treatment/hospitalisation in China, Hong Kong and Singapore for the following covered illnesses: surgery related to Cancer, Neurosurgery, Coronary Artery By-Pass Surgery, Heart Valve Surgery and Organ Transplant (kidney, lung, liver, heart, pancreas or bone marrow transplant). The reimbursement shall be based on reasonable and customary charges of the country of treatment. This rider is attachable to PRUValue Med and PRUMillion Med.
PRUSaver This is a regular premium rider mainly for investment purpose. It does not provide any insurance cover.
PRUSaver Kid This is a regular premium rider mainly for investment purpose. It does not provide any insurance cover. It provides a lump sum payout which is equivalent to the value of units of IUA (if any) at the selected payout age.

 

Any age reference shall be on the basis of Age Next Birthday.

 

1 PRULink Cover offers a selection of different policy term options up to age 70, 80, 90, 100 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. For rider(s), if applicable, the rider’s term will be extended up to the Policy Anniversary of Life Assured’s age 100 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.

2 This Benefit is claimable once in a lifetime when the age of the Life Assured is between age 19 and 50. The waiting period is 3 years from the effective date of the policy or the date of policy revival; whichever is later.

3 Prior to the Policy Anniversary of Insured Life’s age 70 or expiry of the policy, whichever is earlier.

4 For Overseas Treatment, if you choose to have or if you have been referred to be treated outside Malaysia, the benefits for the treatment are limited to the reasonable and customary medically necessary charges for equivalent local treatment in Malaysia and subject to 90 days residence limit.

 

Notes: For the full list of Pregnancy Care Benefit, Child Care Benefit, Child Specified Illness, covered Critical Illness, waiting periods and exclusions and survival period, please refer to Product Disclosure Sheet and Product Illustration.

 

Benefits Table

Benefits Details
Death Benefit

Basic Sum Assured plus the total value of units of Basic Unit Account (BUA) and Investment Unit Account (IUA).

Note: The death benefit payable upon death of the foetus during pregnancy period or up to 30 days after the birth of the child is the higher of total premiums paid less insurance charges and withdrawals (if any) made or total value of units of BUA and IUA.

Total and Permanent Disability (TPD)1 Benefit

Basic Sum Assured shall be payable upon Life Assured suffering from TPD1.

Note: Payment of this benefit will reduce the Basic Sum Assured, accelerated CI sum assured and Longevity Benefit.
Goal Achievement Benefit2

RM500 per lifetime (Only applicable for Life Assured with entry age 25 or below) for one of the events as follow:

  • Travelled to 10 different countries
  • Doubling of salary
  • Marriage
  • Owning a house
  • Child Birth

Maturity Benefit Total value of units of BUA and IUA (if any).
Longevity Benefit Basic Sum Assured shall be payable on the Policy Anniversary of Life Assured’s age 100.
No-Lapse Provision PRULink Cover comes with a No-Lapse Provision, which allows you to enjoy continuous protection during the first crucial 72 months regardless of market performance, provided that all premiums due are paid and no withdrawals have been made from the BUA.

 

Any age reference shall be on the basis of Age Next Birthday.

 

1 Prior to the Policy Anniversary of Life Assured’s age 70 or expiry of the policy, whichever is earlier.

2 This Benefit is claimable once in a lifetime when the age of the Life Assured is between age 19 and 50. The waiting period is 3 years from the effective date of the policy or the date of policy revival; whichever is later.

 

Investment Opportunity

PRULink Cover offers you growth opportunities to diversify your funds 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: 

13 gestational weeks till ANB 70

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.

PROTECTION BY PERBADANAN INSURANS DEPOSIT MALAYSIA (“PIDM”) ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/POLICY IS(ARE) SUBJECT TO LIMITATIONS. 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).