An investment-linked insurance plan with limited pay of 3 or 5 years that offers a combination of insurance protection and investment benefit. This plan provides coverage in the event of Total and Permanent Disability (TPD) prior to the Policy Anniversary of age next birthday (ANB) 70 or expiry of the policy, whichever is earlier, and death of the Life Assured during the policy term. This plan further rewards you with Annual Booster1 and Loyalty Bonus2.
1Annual Booster is applicable for premium payment period of 5 years only, provided premium is paid up to date and policy is in force upon payout.
2Loyalty Bonus shall be adjusted based on the accumulated partial withdrawal amount from BUA over the total premium paid for BUA.
What is Wealth Assured Value (WAV) and how does it work?
WAV refers to the highest value of units in Basic Unit Account (BUA) attained under your policy while your policy is in force, up to the event date of death/TPD claim. The mechanism of locking in the WAV is to enhance your life protection and it is not for investment purpose. WAV is not applicable for surrender, partial withdrawal or maturity.
For example, Keith, standard life and aged 40, buys PRULink Supreme Plus with annual BUA premium of RM100,000, premium payment period of 5 years and assuming withdrawal from BUA has not been made.
At the end of Policy Year 15, the value of units in BUA shrank to RM450,000 as an impact of the market downturn. However, he is still protected with life protection benefit of RM800,000 as a result of WAV locked-in at the highest value of units in BUA since inception. With WAV, he can be rest assured that his family always get the maximum protection irrespective of the market conditions.
3Please refer to the Benefits Table for more details on the calculation of Death Benefit payable.