RetireGuard (SP)

  • retireguard-spretireguard-sp

    RetireGuard (SP)

    A SINGLE PREMIUM INVESTMENT-LINKED INSURANCE PLAN. It accumulates the single premium for a fixed time period and then provides a stream of monthly guaranteed income for a fixed duration while also providing coverage for Death and Total and Permanent Disability (TPD) prior to the Policy Anniversary of age next birthday (ANB) 60.

Overview

Enjoy your retirement with a steady stream of monthly guaranteed income. With the fixed monthly guaranteed income from RetireGuard (SP), you are ensured that you will always get more than what you have invested regardless of market performance.

Secure your retirement through all market cycles
You can have a good savings plan in place and allocate your savings sensibly, but you could still be exposed to a possible market downturn, affecting your retirement plans.

What is RetireGuard (SP)?
RetireGuard (SP) is a single premium investment-linked insurance plan. It accumulates the single premium for a fixed time period and then provides a stream of monthly guaranteed income for a fixed duration, while also providing coverage for Death and Total and Permanent Disability (TPD) prior to the Policy Anniversary of ANB 60.

Benefits

Long-term wealth protection and monthly guaranteed income

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Potential upside to your Income, from participation in funds linked to this plan

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Lump sum payout

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Regardless of market cycles, you are guaranteed a minimum monthly income based on the capital you invested even if the investment value has turned zero. So even if the market suffers an unexpected shock, the total monthly income you receive will still be more than what you put in.

By leveraging on the equity and bond markets through our PRULink Golden Funds, you can enjoy potentially higher returns on your premium.

 

Note: As with any risky investment, investing into funds linked to RetireGuard (SP) are subject to market risks. Unit prices may rise or fall. In the event the market underperforms and the plan's value of units falls below the single premium paid, the plan will still pay the guaranteed income based on the single premium paid.

 

Upon maturity, the value of units (if any), will be paid to you in a lump sum for your personal use.

Make lump sum withdrawals, at any time

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Death/ Total and Permanent Disability (TPD) Benefit

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Your plans may change, and you may need to make a large withdrawal unexpectedly. RetireGuard (SP) lets you make partial lump sum withdrawals of any amount, subject to a minimum of RM100 and a remaining fund value that is no less than RM10,000 or 10% of the single premium, whichever is lower. Any flexible withdrawals will cause the single premium and guaranteed income to be reduced proportionately.

RetireGuard (SP) ensures that you are covered for any unforeseen circumstances. In the event of Death or TPD (prior to the Policy Anniversary of ANB 60), we will pay the higher of:

  1. The value of units; or
  2. 125%* of the single premium less total guaranteed income received,

subject to a minimum of RM5,000.

 

* For sub-standard life, it is 105% of current single premium.

 

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 INVESTMENT-LINKED FUND IS NOT GUARANTEED.

Eligibility

Individuals between ANB 30 and 65.

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).