The plan that rewards you for your achievements!
PRUmy child
Secure your child’s future with a complete protection and education plan
Benefits
COMPLETE PROTECTION for every stage in your child’s life… even BEFORE BIRTH
PRUmy child gives you control and flexibility to design a complete plan for your child with an unparalleled choice of protection benefits ranging from health, hospitalization, accidental and critical illness benefits.
ENHANCE your child’s plan with a NEW & EXENDED range of covers*
Aiming to give you peace of mind when it comes to your child’s needs, the new PRUearly start and PRUbest start benefit under this plan offers your child protection during the crucial pregnancy and infancy periods under the Pregnancy Care Benefit and Child Care Benefit.
You can further secure your child’s wellbeing with the new PRUessential child that offers coverage against child specific illnesses such as leukaemia, severe juvenile rheumatoid arthritis and epilepsy (for full listing, please refer to the policy document).
* Subject to additional premium
ADDITIONAL PROTECTION for parents
Have peace of mind by making sure your child is continuously protected even when something unforeseen happens to the parents with the new PRUterm (Parent), Crisis Cover Plus (Parent), PRUfamily income, PRUfamily double income and Parent Payor benefits.
* Subject to terms and conditions.
Planting the seeds towards a SECURE EDUCATION FUND for your child
Will you be prepared when your child is ready for higher education? With PRUsaver kid or PRUedusaver, you can start building your child’s education fund and reap the potential of higher returns through our series of PRUlink or PRUlink education funds. You can opt to receive the payout for your child’s education when they are entering higher tertiary institution anytime between the age of 18 – 25 years next birthday.
How It Works
WHAT IS PRUmy child?
PRUmy child is a regular premium investment-linked insurance plan that serves to fulfill the protection needs of you and your child, allowing you to plan ahead for their future… today.
WHAT ARE THE BENEFITS AVAILABLE IN THIS PLAN?
a) For the child
Should the unfortunate happen to your child, such as death, the benefit payable is the:
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Sum assured & total value of units in the account1
Should your child suffer from Total and Permanent Disability (TPD):
(i) before the age of 16 years, the maximum sum assured is payable (subject to RM500,000 per life); or
(ii) after age 16 years but prior to age 70, the maximum sum assured is payable (subject to a total of RM4 million per life)
In the event of TPD, 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 TPD2. Upon earlier death, the balance of any sum assured will be paid immediately.
(Please refer to the policy document for the definitions of TPD)
UPON SURRENDER
Value of units in the account at the point of surrender.
UPON MATURITY OF PLAN
Value of all units in the account is payable when your child reaches the age of 100 years on their next birthday.
FOR A PREGNANT MOTHER
It’s never too early to start protection with PRUearly start or PRUbest start benefit that offers Child Care Benefit and Pregnancy Care Benefit for pregnant mothers and their unborn child.
Please refer to the PRUearly start / PRUbest start Leafletfor further details.
1 For a child’s death that occurs after 30 days from birth. However, for a child’s death that occurs before birth and up to 30 days from birth, the benefit payable is the total premiums paid or the total value of units in the account, whichever is higher.
2 Subject to proof of continued disability.
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%.
HOW MUCH PREMIUM DO I NEED TO PAY?
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Minimum premium per year
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PRUmy child
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RM600 (subject to underwriting)
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PRUsaver kid
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RM120
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PRUedusaver
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RM600 (subject to 5 times the premium of the basic PRUmy child plan)
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Note: PRUsaver kid or PRUedusaver cannot co-exist within the same plan.
PREMIUM ALLOCATION
Your premium paid is allocated to buy units in the PRUlink and/or PRUlink education or PRUlink global funds. For more information on these funds, please refer to the PRUlink and/or PRUlink educationor PRUlink global Fund Fact Sheet.
Example:
Assuming your monthly premium for PRUmy child and PRUsaver kid / PRUedusaver each is RM200; your monthly premium allocation will be as follows:
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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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7 and above
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PRUmy child 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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PRUsaver kid / PRUedusaver Premium Allocation Rates
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95%
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Premium invested**
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RM190
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You may increase your level of investment by purchasing PRUsaver kid or PRUedusaver for as little as RM10 and RM50 a month respectively, of which 95% of the premium will be invested into the funds.
* The premium allocation rate shown above is applicable for policies with terms of 20 years and above. For terms 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.
HOW LONG DO I NEED TO PAY MY PREMIUMS FOR?
Premium is payable throughout the whole policy term until the expiry of the policy. Upon expiry of any optional or add-on benefits, the premiums will be reduced accordingly*.
* Upon expiry of PRUsaver kid or the end of the accumulation period of PRUedusaver, premiums will be continued and allocated as PRUsaver premiums. You may also inform the Company should you decide not to continue with the premium payment for PRUsaver.
Optional Benefits
In addition to the basic death and disability coverage, you can choose from a range of add-on covers to suit your budget and child's prevailing needs:
Critical Illness Covers
• Takes care of your child in the event they are diagnosed with critical illness, including child-specific illnesses under the new PRUessential child rider that covers them up to the age of 25 years next birthday.
Income Cover
• With the new PRUfamily income and PRUfamily double income, the benefit will pay a monthly income to help with everyday living expenses to the family in the event the child’s parent(s) suffers from TPD prior to age 70, passes away or is diagnosed with a critical illness.
• With the new PRUfamily income and PRUfamily double income, the benefit will pay a monthly income to help with everyday living expenses to the family in the event the child’s parent(s) suffers from TPD prior to age 70, passes away or is diagnosed with a critical illness.
Payor Covers
• Pays for your plan in the event of death (if applicable), TPD before age 70 or critical illness.
Parent Covers
• With the new PRUterm (Parent) and Crisis Cover Plus (Parent), the benefit will pay out a lump sum to the Legal Personal Representative of the Assured in the event that the insured parent suffers from TPD before age 70, passes away or is diagnosed with a critical illness (if applicable).
Accident Covers
• Comprehensive coverage for injuries due to accident
• Pays for your plan in the event of death (if applicable), TPD before age 70 or critical illness.
Parent Covers
• With the new PRUterm (Parent) and Crisis Cover Plus (Parent), the benefit will pay out a lump sum to the Legal Personal Representative of the Assured in the event that the insured parent suffers from TPD before age 70, passes away or is diagnosed with a critical illness (if applicable).
Accident Covers
• Comprehensive coverage for injuries due to accident
Health and Medical Covers
• Takes care of major medical bills in the event that your child needs surgery or outpatient treatment and if he or she is hospitalised.
• Takes care of major medical bills in the event that your child needs surgery or outpatient treatment and if he or she is hospitalised.
Who Can Apply
You can take up this plan for your unborn child as early as 18 weeks into your pregnancy*, or for your child who is between 1 – 18 years of age on his / her next birthday. The parent, who must be between 18 – 60 years old, owns the policy and is able to adapt it as they see fit for the benefit of the child.
* If you do not wish to enjoy the Child Care Benefit / Pregnancy Care Benefit, you may opt to purchase PRUmy child after your child is born.
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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.
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