Cash Booster
Get Boosted for BIGGER savings
Most people have either short, mid or long term goals that they want to achieve in the future. Now, with Cash Booster (a rider attachable to PRUcash), we can make your dreams come true!
We can help grow your savings to a sizeable fountain of wealth while you enjoy a stream of guaranteed income. You can choose to either accumulate your savings with us or receive the guaranteed income to enjoy the finer things in life.
Guaranteed Survival Benefit (Income)
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6% of the basic sum assured is payable at the end of the 3rd policy year and every 2 policy years thereafter until death, TPD (before age 60) or maturity, whichever occurs first. At the end of the last policy year, the following survival benefit is payable:
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Maturity Benefit
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Upon maturity, we shall pay
a) Guaranteed 65% of the Basic Sum Assured
b) Terminal Bonus on Maturity
c) Any accumulated Survival Benefit
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Death and Total and Permanent Disability (TPD) Benefit
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In the event of non-accidental TPD (before age 60) or death, we shall pay
a) Guaranteed Cash Value
b) Terminal Bonus on non-accidental Death and
c) Any accumulated Survival Benefit
In the event of accidental TPD (before age 60) or death, we shall pay
a) Basic sum assured
b) Terminal Bonus on accidental Death and
c) Any accumulated Survival Benefit
Note: We shall pay maximum of RM1 million in one lump sum payment for TPD benefit upon claim. Any remaining balance in excess of the initial RM1 million will be paid on the first anniversary of the TPD or upon death of the life assured, whichever comes first.
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Legacy Benefit
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Upon TPD (before age 60) or death, the remaining unpaid survival benefits will continue to be paid to the next-of-kin annually from the next policy anniversary. If the cause of death or TPD is accidental, 3 times of the remaining unpaid survival benefit will be payable annually from the next policy anniversary.
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Surrender Benefit
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Upon surrender, we shall pay
a) Guaranteed Cash Value
b) Terminal Bonus on Surrender
c) Any accumulated Survival Benefit
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Similar to PRUcash, for a juvenile plan, in the event of death or TPD before age 5, the proportion of the basic sum assured paid is at age 1 n.b. (next birthday): 20%, age 2 n.b.: 40%, age 3 n.b.: 60%, age 4 n.b.: 80%, age 5 n.b.: 100%.
What is Cash Booster?
Cash Booster is a regular-premium rider attachable to PRUcash that participates in the profits of the participating life fund. The rider provides a stream of guaranteed survival benefit (income) at the end of the 3rdpolicy year and every 2 years thereafter (odd years) to complement the survival benefit payout from PRUcashon the even years (2nd policy year and every 2 years thereafter except on the final policy year).
The survival benefit is scaled up from 6% to either 8%, 10% or 12% according to the policy term at the final policy year.
The below summarizes the overall benefits you will receive when Cash Booster is attached to its basic plan,PRUcash.
Guaranteed Survival Benefit (Income)
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6% of the basic sum assured is payable at the end of the 2nd policy year and every year thereafter until death, TPD (before age 60) or maturity, whichever occurs first.
At the end of the last policy year, the following survival benefit is payable:
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Maturity Benefit
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Upon maturity, we shall pay
a) Guaranteed 165% of the Basic Sum Assured
d) Any accumulated Survival Benefit
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Death and Total and Permanent Disability (TPD) Benefit
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In the event of non-accidental TPD (before age 60) or death, we shall pay:
a) Basic Sum Assured
d) Guaranteed Cash Value for Cash Booster
e) Terminal Bonus on non-accidental Death for Cash Booster and
f) Any accumulated Survival Benefit
In the event of accidental TPD (before age 60) or death, we shall pay:
a) 2 times of Basic Sum Assured
d) Terminal Bonus on accidental Death for Cash Booster and
e) Any accumulated Survival Benefit
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Legacy Benefit
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Upon TPD (before age 60) or death, the remaining unpaid survival benefits will continue to be paid annually from the next policy anniversary. If the cause of death or TPD is accidental, 3 times of the remaining unpaid survival benefit will be payable annually from the next policy anniversary.
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Surrender Benefit
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Upon surrender, we shall pay
a) Guaranteed Cash Value for PRUcash and Cash Booster
d) Any accumulated Survival Benefit
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What are the guaranteed benefits in Cash Booster?
Survival Benefit, maturity benefit, death benefit and surrender value
What are the non-guaranteed benefits in Cash Booster?
Terminal bonus
How can I make the premium payment?
Premiums can be paid yearly, half-yearly, quarterly or monthly via Auto Debit, Credit Card, Cash or Cheque.
How long do I need to pay premium?
What are the choices of policy term?
You can choose the policy term of 20, 22, 24, 26, 28 or 30 years.
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PRUcash double reward
Save for the future and get rewarded at the same time.
The diagram above summarises the basic structure of the PRUcash double reward for a male non-smoker, age 35, with an annual premium of RM20,180, sum assured of RM100,000, for a 20-year policy term plan and a premium payment term of 10 years.
Not only will the Annual Guaranteed Payout DOUBLE from policy year 6 onwards, your Sum Assured will also DOUBLE that of the initial amount, giving you added protection!
*The projected values are for illustrative purpose only. They are neither guaranteed nor based on past performance. The projected values assume current law, tax and prescribed investment returns. In this example, the policy is assumed to earn a gross investment return of 7% p.a. The projected maturity benefit received of RM222,181 is the sum of the Compounded Reversionary Bonus + Terminal Bonus + Sum Assured + final year annual guaranteed payout.
Please refer to the sales illustration on the derivation of all guaranteed / projected values.
DOUBLE ANNUAL GUARANTEED PAYOUT
PRUcash double reward provides you with a steady stream of payouts before maturity. The annual guaranteed payout1 , pays you 3% of the basic sum assured* from the end of the first year and this amount DOUBLES to 6% of the basic sum assured* at the sixth policy year onwards. You will also receive additional yearly non-guaranteed
Bonuses2 & 3 over and above the annual guaranteed payout!
DOUBLE SUM ASSURED for twice the protection
Understanding your need for more protection due to increasing commitments and inflation rates, your sum assured will DOUBLE from the initial basic sum assured from the sixth policy year onwards. This means, you will get twice as much protection should anything unexpected happen to you.
Should you also suffer from Total and Permanent Disability (TPD) before age 60 or pass on during the policy term, you or your loved ones will receive a lump sum benefit to see them through the future.
CONTINUOUS FINANCIAL CERTAINTY for your loved ones
You can rest assured as the optional PRUlegacy rider will continue to provide a steady stream of annual payouts called Guaranteed Income Benefit (GIB)4 for your loved ones when you are no longer able to support them if you pass on or suffer from TPD before age 60.
SHORTER PREMIUM PAYMENT terms with LONGER CASHPAYOUT terms
PRUcash double reward offers you various plans tailored to your individual lifestyle and needs. You can choose to pay premium for 5, 10, 15 or 20 years, while enjoying benefits up to 40 years.
Premium Payment Term
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Policy Term
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5 years
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15 years
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20 years
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25 years
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30 years
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35 years
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40 years
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10 years
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20 years
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25 years
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30 years
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35 years
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40 years
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15 years
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25 years
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30 years
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35 years
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40 years
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20 years
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30 years
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35 years
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40 years
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WIDEN YOUR SAFETY NET with more supplementary benefits
Opt for an enhanced cover by attaching PRUterm rider** and PRUlegacy rider**, to ensure that your loved ones will not be financially burdened should you suffer TPD before the age of 60 years or pass away.
You also have the option of waiving future premiums for your own, your spouse’s or your child’s plan, with the waiver riders should your suffer from TPD before age 60, pass on or be diagnosed with a critical illness.
* Initial sum assured chosen.
1 - 4 Please refer to ‘Important Notes’ for definitions.
** Riders only attachable at point of purchase up to end of the 1st policy year only & subject to additional premium.
WHAT IS PRUcash double reward?
PRUcash double reward is a regular premium anticipated endowment plan that gives you an annual guaranteed payout from the end of the first policy year in addition to coverage on death and Total and Permanent Disability (TPD).
WHAT ARE THE NON-GUARANTEED BONUSES AVAILABLE?
In addition to the annual guaranteed cash payment, Prudential gives you bonuses2 & 3 which are declared annually and are payable should you pass on, suffer from TPD reach policy maturity or upon surrender of the policy.
2, 3 Please refer to ‘Important Notes’ for definitions
WHAT ARE THE BENEFITS?
Upon Death
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The higher of:
a) Total current basic sum assured plus bonuses2 & 3; or
b) Total basic plan’s premium’s paid, minus all Annual
Guaranteed Payout received;
Plus
All accumulated Annual Guaranteed Payout with interest (if any).
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Upon Maturity
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Total initial basic sum assured; plus
Final year Annual Guaranteed Payout; plus
Total bonuses2 & 3; plus
Any accumulated Annual Guaranteed Payout with interest (if any).
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Total and Permanent Disability (TPD)
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Same as Death Benefit.
In the event of TPD before age 60 years, the sum assured is payable subject to a maximum lump sum of RM1 million upon claim. The balance of the sum assured will be paid upon the first anniversary of the disability* or death of the life assured, whichever comes first.
(Please refer to the policy document for the definitions of TPD)
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Annual Guaranteed Income
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Payable annually from the end of the 1st policy year until death, TPD or maturity, whichever occurs first. The Life Assured can also choose to accumulate the Annual Guaranteed Payout until policy maturity.
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Upon Surrender of Policy
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Guaranteed cash value; plus
Any cash value of bonuses2 & 3; plus
Any accumulated Annual Guaranteed Payout will be payable.
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Note: For a juvenile plan, in the event of death, critical illness or TPD before age 5, the proportion of the basic sum assured paid is at age 1 n.b. (next birthday): 20%, age 2 n.b.: 40%, age 3 n.b.: 60%, age 4 n.b.: 80%, age 5 n.b.: 100%.
*Subject to proof of continued disability.
2, 3 Please refer to ‘Important Notes’ for definitions.
HOW MUCH PREMIUM DO I NEED TO PAY?
Premiums payable is determined by your entry age, gender, smoking status and the type of plan chosen.
PREMIUM PAYMENT
Premiums can be paid yearly, half-yearly, quarterly or monthly via Auto Debit, Credit Card, Cash or Cheque.
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PRUlink one
Investment Linked Plan - Do more with just one plan.
A comprehensive all-in-one regular premium investment-linked insurance plan that provides protection together with local and overseas investment opportunities that can cater to your changing needs at different stages of your life.
COMPREHENSIVE MEDICAL OPTIONS
Not only does PRUhealth reward you with No Claims Bonus (NCB), you now have a choice of deductible(the fixed amount you must pay out of the total medical fees, except cost of daily room & board for any one disability during a 90-day period) of RM3,000 and RM10,000 other than the default coinsurance option. You can then continue to build your
PRUhealth plan with these new benefits:
a) PRUmedic overseas: In addition to comprehensive coverage for hospitalisation and surgical expenses under your PRUhealth plan, you now have the option of obtaining overseas medical treatment for 5 types of covered conditions in Singapore, Hong Kong and China.
b) PRUmedic auto upgrade: With this new option, your plan will be upgraded to the next benefit level on the 5th and 10th year rider benefit anniversary regardless of your health condition and any previous medical claims you may have made. This upgrade will follow the policy terms and conditions at the start or as and when it is attached to your PRUhealth plan.
For further details please refer to the PRUhealth product brochure.
ENHANCED ACCIDENT BENEFITS for extra protection
Let the new and enhanced accident benefits give you that additional coverage with:
PRUacci guard: Should you be involved in an accident, you will be covered with:
- Compassionate Allowance
- Accidental Death & Disablement Benefit
- Double indemnity or double the benefit if the accident occurs when you travel in public transport, in an elevator (excluding elevators in mines and construction sites) or is in a burning theatre, hotel or public building.
PRUacci med: For injuries caused by accidents, the following expenses are amongst a few that will be reimbursed:
- Medical treatment, hospital confinement or nursing services
- Medical expenses to treat an injury caused by an accident by a Traditional and Complementary Medicine Practitioner (a licensed acupuncturist / herbalist / bonesetter / chiropractor)
- Return air ticket for one immediate family member to visit you if admitted to an overseas hospital for 10 days or more, and a one-way ticket for you to return to Malaysia immediately after hospitalisation
- Reimbursement of reasonable cost of purchasing a wheelchair if you become permanently paraplegic or artificial limb (prosthesis)
PRUacci income: If you are admitted to hospital, you will receive:
- Weekly income of RM100 and RM50 for Temporary Total Disablement and Temporary Partial Disablement respectively
- Daily income of RM50 a day when admitted to a Malaysian government hospital
BROADER INVESTMENT OPPORTUNITIES through LOCAL and GLOBAL FUNDS
Have the flexibility to build a healthy investment fund for potentially higher returns over the long term by choosing to invest in any of the PRUlink and PRUlink global funds. For further details, please refer to thePRUlink and PRUlink global Fund Fact Sheet.
LOYALTY BONUS for being a long-term customer
At Prudential, we want to reward our customers who pay their premium on a timely basis by giving 5% of annualised premium (excluding premiums for top-ups and PRUsaver) upon completion of the 10th policy year and every 3 years thereafter.
FLEXIBILITY, CONVENIENCE and CONTROL over your plan
PRUlink one gives you control and flexibility to vary and customise your protection and investment needs to suit all stages of your life! Don’t hesitate and speak with your friendly Prudential Wealth Planner whenever your circumstances or needs have changed.
1 Optional covers are subject to underwriting, additional premium and subject to policy terms and conditions
2 Cannot co-exist with PRUannual limit waiver and vice versa
3 Subject to terms and conditions
HOW DO I START?
First, determine your protection needs, such as your basic cover and other optional benefits. Then decide on an affordable amount to set aside every month. With PRUlink one, you can start securing your future for as little as RM100 a month (subject to underwriting, excluding premiums paid for PRUsaver and subject to policy terms & conditions).
WHAT WILL I RECEIVE?
1) Health & Medical Covers
Get peace of mind with comprehensive medical coverage for expenses incurred in the event of hospitalisation via the PRUhealth plan.
To further enhance your medical protection, you can now attach these new optional benefits:
- PRUmedic overseas
- PRUmedic auto upgrade
For further details on the new optional medical benefits above, please refer to the PRUhealth product brochure.
2) Accident Covers
Get comprehensive coverage for death and injuries due to accident.
New and enhanced PRUacci guard (PAG), PRUacci med (PAM)and PRUacci income (PAI) will help elevate your worries from the accident so that you can recover from your injuries without any unwanted distraction.
3) Critical Illness Covers
Takes care of you in the event you are diagnosed with a critical illness such as Multiple Crisis Protector, Crisis Shield and Crisis Shield Plus.
4) Payor Covers
Pays for your plan in the event of death (if applicable), disability or critical illness on behalf of the payor of the plan be it yourself or your spouse.
5) Disability Covers
Takes care of you in the event of any disability by helping you cover your expenses though annual payouts on each subsequent policy anniversary prior to the age of 70 years.
6) Female Illness Covers
Tailor-made coverage especially for women.
Upon death
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The sum of:
a) sum assured, and
b) value of units in the account
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Total & Permanent Disability (TPD)
Subject to RM4 million per life on the sum assured
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In the event of TPD before age 70 years, the sum assured is payable subject to a maximum lump sum of RM1 million.
The balance of the sum assured will be paid upon the first anniversary of the disability1. Upon earlier death, the balance of any sum assured will be paid immediately together with the value of units in the account.
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Upon Maturity
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Value of units in the account is payable when you reach the age of 100 years on your next birthday.
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Upon Surrender of Policy
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Value of units in the account at the point of surrender.
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1Subject to proof of continued disability.
HOW LONG DO I NEED TO PAY MY PREMIUMS FOR?
Premium is payable for the whole policy term until expiry of the policy. Upon expiry of any optional or add-on benefits, the premium will be reduced accordingly.
HOW MUCH PREMIUM DO I NEED TO PAY?
The minimum premium payable per year is as follows:
| Minimum premium per year | |
| PRUlink one |
RM1200 (subject to underwriting)
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| PRUsaver | RM120 |
You may top-up your premium with a minimum of RM500 or choose to increase your level of investment by purchasing PRUsaver, of which 95% of the premium will be invested into the funds for as little as RM10 a month.
PREMIUM ALLOCATION
Your premium paid is allocated to buy units in the PRUlink or PRUlink global funds as per the table shown below. For more information on these funds, please refer to the PRUlink or PRUlink global Fund Fact Sheet (if applicable).
Example:
Assuming your monthly premium for PRUlink one and PRUsaver each is RM200; your monthly premium allocation will be as follows:
Policy Year
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1
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2
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3
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4
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5
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6
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Above 6
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PRUlink one Premium Allocation Rates*
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40%
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50%
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60%
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70%
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90%
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90%
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100%
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Premium invested**
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RM80
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RM100
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RM120
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RM140
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RM180
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RM180
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RM200
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PRUsaverAllocation Rates
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95%
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Premium Invested**
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RM190
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* The premium allocation rate shown above is applicable for policies with term of 20 years and above. For term of less than 20 years, the premium allocation will be higher.
** Before deduction of service charge and insurance charges.
PREMIUM PAYMENT
Premiums can be paid yearly, half-yearly, quarterly or monthly via Auto Debit, Credit Card, Cash or Cheque.
WHERE ARE MY FUNDS INVESTED?
You can choose to invest into any of the the PRUlink and/or PRUlink global series of funds. For further details, please refer to the PRUlink and PRUlink global Fund Fact Sheet attached with this brochure.
You can track the performance of your funds by checking the unit prices published daily on our website at www.prudential.com.my or in major newspapers. #
Please note that 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.
# The investment performance of the PRUlink and PRUlink global funds are not guaranteed.
