PRUValue Gain

    • PRUValue Gain

      PRUValue Gain

      A LIMITED PAY ANTICIPATED ENDOWMENT PARTICIPATING INSURANCE PLAN that offers a combination of protection and savings. Survival Benefit will be payable upon survival of Life Assured to the end of every policy year provided the policy remains in force.

    Overview

    Introduction

    There are so many things we can do to enhance our lives, but sometimes when we get caught up in the whirlwind of daily living, it's easy to forget what they are.

    Want to know the secret to accomplishing all your best-laid plans, and more? Just start! It is never too early or too late to start saving to achieve your lifestyle needs. A dedicated way to build up your savings can give you a lift in pursuing your desired lifestyle while at the same time be protected with the coverage on Death and Total and Permanent Disability (TPD).

    Creating more value to live your desired lifestyle with PRUValue Gain today.

     

    Benefits

    Various options to suit your financial needs

    Additional Accidental Death Benefit to enhance your protection

    Lifestyle reward with annual guaranteed Survival Benefit

    Uplift your protection with hassle-free enrolment

    Essential coverage for Death & Total and Permanent Disability (TPD)1

     

    1Prior to the Policy Anniversary Date of age 70 next birthday or expiry of policy, whichever is earlier.

     

    Benefits Table

    Premium Payment
    Term and Policy Term

    Premium Payment Term

    Policy Term

    5 years

    15 years

    20 years

    30 years

    10 years

    20 years

    30 years

    Death Benefit/ Total
    and Permanent
    Disability (TPD)2 Benefit

     

    Policy Year 1 & 2:

    We shall pay the higher of:

    1. 100% of the total basic premiums paid (inclusive of loading and excluding
      taxes, if any) LESS total Survival Benefits paid (if any); OR
    2. Guaranteed Surrender Value PLUS any bonuses3 payable on death.

    Policy Year 3 &
    onwards:

    We shall pay the higher of:

    1. 101%/105%/110%4 of total basic premiums paid (inclusive of loading
      and excluding taxes, if any) LESS total Survival Benefits paid (if any);
    2. Basic Sum Assured PLUS any bonuses3 payable on death; OR
    3. Guaranteed Surrender Value PLUS any bonuses3 payable on surrender
      (Total Surrender Value).

    If the accumulation option is selected, the accumulated Survival Benefit with interest (if any)
    will be paid together with the Death/Total and Permanent Disability/ Surrender/Maturity Benefit, whichever is earlier.

    Accidental Death
    Benefit

    Death Benefit and one of the below shall be payable if the following event happens prior to
    the Policy Anniversary Date of age 70 next birthday or expiry of policy, whichever is earlier:

    1. Additional 100% of the Basic Sum Assured if death is due to accident;
    2. Additional 200% of the Basic Sum Assured if death is due to accident from commuting in public
      conveyance, elevator car, burning of theatre, hotel or other public building; OR
    3. Additional 300% of the Basic Sum Assured if death is due to accident occurring while Life Assured
      is residing or travelling outside of Malaysia (except Singapore and Brunei) for not more than 90
      consecutive days, or in Singapore or Brunei for any number of days.

    Survival Benefit

    Survival Benefit will be payable upon survival of Life Assured to the end of every policy year
    provided the policy remains in force. It will cease upon Life Assured suffering from death
    during the term of the policy or upon Total and Permanent Disability prior to the Policy
    Anniversary Date of age 70 next birthday or expiry of policy, whichever is earlier.

    The Survival Benefit will be payable as follows:

    Policy Term 15
    End of Policy Year % of Basic Sum Assured

    1 to 12

    7

    13 to 14

    17

    15

    27
    		 

    Policy Term 20
    End of Policy Year % of Basic Sum Assured

    1 to 17

    8

    18

    18

    19 to 20

    28

    Policy Term 30
    End of Policy Year % of Basic Sum Assured

    1 to 27

    8

    28

    18

    29 to 30

    28
    		   
    If the accumulation option is selected, the accumulated Survival Benefit with interest (if any)
    will be paid together with the Death/Total and Permanent Disability/Surrender/ Maturity
    Benefit, whichever is earlier.

    Maturity Benefit

    Upon maturity of the policy, the sum of the following is payable:


    Premium
    Payment Term



    Policy Term

    		 The sum of

    % of Basic Sum
    Assured

    +

    any bonuses3
    payable on
    maturity

    +

    accumulated
    Survival Benefit
    with interest (if
    any)
    5 15 135
    5 20 115
    5 30 120
    10 20 125
    10 30 140

    Optional Riders
      • PRUWaiver
      • Spouse Waiver
      • Parent Waiver

    2Prior to the Policy Anniversary Date of age 70 next birthday or expiry of policy, whichever is earlier.

    3Bonuses consist of Terminal Bonus and Compound Reversionary Bonus and will be paid as a lump sum upon Life Assured suffering from death during the term of the policy, surrender, maturity or upon Total and Permanent Disability prior to the Policy Anniversary Date of age 70 next birthday or expiry of policy, whichever is earlier. These bonuses are not guaranteed and will depend on the actual operating and investment results experienced by Prudential Assurance Malaysia Berhad (PAMB)’s participating life fund.

    4110% for entry age 1 to 50 next birthday; 105% for entry age 51 to 60 next birthday; 101% for entry age 61 to 65 next birthday.

    Eligibility

    Age of Entry:

    Child – 15 to 16 years old age next birthday (ANB)

    Adult – 17 to 65 years old age next birthday (ANB)

     

    5For child plans, minimum entry age is 14 days.

     

    Note: Medical underwriting shall be waived if you purchase the basic plan only and the aggregate Basic Sum Assured is within the Guaranteed Issuance Offer (GIO) limit RM500,000 (RM300,000 for age 61 to 65 next birthday) per life for PRUValue Gain, PRUWealth Gain and PRUWealth Gain Plus, PRUMax Gain and PRUSmart Gain.

    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).