The plan that rewards you for your achievements!
PRUlife ready
Benefits
Get rewarded for milestones or goals in life2:
PRUlife ready celebrates the joy of achieving your goals and milestones in life by rewarding you Goal Achievement Benefit. This unique benefit rewards you with RM500 when you enter into new phases of your life such as:
· Getting married
· Childbirth
· Doubling of your salary
· Buying a new home
· Traveling to 10 different countries
Catering to your essential medical needs with PRUmedic essential1
PRUmedic essential is a medical plan that covers your essential medical needs by paying your medical bills if surgery is done subject to coinsurance. Also you will receive Hospital Cash Benefit based on the plan that you have selected for each day you were confined to the hospital. No coinsurance is requiredwhen you are admitted to Malaysian Government Hospital and when you suffer from Total and Permanent Disability (TPD) or Critical Illness.
Securing the future of your loved ones with PRUlife income1
PRUlife income gives you the assurance that you have fulfilled your responsibilities towards your loved ones by providing yearly income for 20 years to your family when you are no longer around.
Giving you complete control over life with PRUlife growth1
PRUlife growth lets you plan ahead for your future protection needs by automatically increasing your death and TPD cover on the 5th, 8th, 11th and 14th rider’s anniversary.
Creating a lifestyle fund with PRUlifestyle saver1
From as low as RM50 a month, you can start a lifestyle fund to pay for your new hobby, travelling expenses or even down payment for your second home. PRUlifestyle saver will provide you annual guaranteed income according to your selected payout period. Inclusion of PRUlifestyle saver must be done before the first policy anniversary.
1Optional covers are subject to underwriting, additional premium and subject to policy terms and conditions.
2Subject to policy terms and conditions.
How It Works
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 PRUlife ready, you can start securing your future from as little as RM100 a month (subject to underwriting, excluding premiums paid for PRUsaver/ PRUlifestyle saver and subject to policy terms & conditions).
WHAT ARE THE OPTIONAL BENEFITS?
1) Health & Medical Covers
Cover your essential medical needs with PRUmedic essential for expenses incurred in the event of hospitalization or when a surgery is done. Alternatively, you can attach PRUhealth and its optional benefits. PRUhealth is a plan that provides comprehensive medical coverage by reimbursing your medical expenses incurred in the event of hospitalisation and rewards you with No Claims Bonus (NCB) if you do not make any claims for the year. However, you can only choose either PRUmedic essential or PRUhealth.
2) Accident Covers
Get comprehensive coverage for death and injuries due to accident.
3) Critical Illness Covers
Take care of you in the event you are diagnosed with a critical illness.
4) Payor Covers
Pays for your plan if you or your spouse suffers from total & permanent disability or critical illness or when your spouse dies.
5) Disability Covers
Take care of you if you suffer from total & permanent disability by providing you annual income to cover for your expenses.
6) Female Illness Covers
Provide protection against financial impacts arising from female illnesses, pregnancy care or infant congenital illnesses.
WHAT WILL I RECEIVE?
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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 you reach the age of 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.
Please refer to the policy document for the definitions of TPD
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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 benefits, the premium will be reduced accordingly.
HOW MUCH PREMIUM DO I NEED TO PAY?
The minimum premium payable per year is as follows:
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Minimum premium per year
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PRUlife ready
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RM1200 (subject to underwriting)
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PRUsaver
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RM120
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PRUlifestyle saver
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RM600
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You can only choose eitherPRUlifestyle saver or PRUsaver.
You can make one-off investments via top-up on PRUsaverwith a minimum of RM500 or Lifestyle Top-up on PRUlifestyle saver with a minimum of RM1,000. The allocation rate for Top-up and Lifestyle Top-up is 95%.
PREMIUM ALLOCATION
Your premium paid will be allocated to buy units in the PRUlink and/or PRUlink global funds or PRUlink golden fund as per the table shown below. For more information on these funds, please refer to the PRUlink or PRUlink global or PRUlink golden Fund Fact Sheet (if applicable).
Example:
Assuming your monthly premium for PRUlife ready and PRUsaver/ PRUlifestylesaver 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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Above 6
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PRUlife ready 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/ PRUlifestyle saverAllocation 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, insurance charges, guarantee charge (if it applies) and administration charge (if it applies).
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 PRUlink, PRUlink global and PRUlink golden (with attachment of PRUlifestyle saver) series of funds. There is no flexibility to switch fund if PRUlifestyle saver is attached and it has not expired.
PRUlink and PRUlink globaland PRUlink goldenproducts are not Shariah-compliant products.
For further details, please refer to the PRUlink,PRUlink global andPRUlink golden Fund Fact Sheet on our CORPORATE WEBSITE under the tab “My Prudential” -> PRUlink fund.
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. #
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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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# The investment performance of the PRUlink, PRUlink global andPRUlink golden funds are not guaranteed.
WHAT ARE THE CHARGES INVOLVED?
All charges are deducted through cancellation of units. We can revise all charges (except for fund management charge) as stated below at policy anniversary by giving you 90 days notice (or 30 days for medical benefits and hospitalisation income benefits).
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Service charge
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RM6 a month for payments by cash or cheque.
RM5 a month for other payment modes (Credit Card or Auto Debit).
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Insurance charge
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A monthly insurance charge is deducted depending on your age, gender, smoking status, occupation class (if applicable) and sum assured
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Fund management charge
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Charges will depend on the funds that you select and we can revise the charges from time to time. Please refer to Fund Fact Sheets for more details.
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Administration charge
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RM2 a month throughout the term of the PRUlifestyle saver.
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Guarantee charge
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A guarantee charge of 1% p.a. of PRUlifestyle saver annual premium will be deducted every month during the premium paying duration for PRUlifestyle saver. For top-up on PRUlifestyle saver, 1% of the top-up amount will be charged one-off.
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Top up charge
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RM25 will be charged for each top-up.
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Processing Fee
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RM25 is charged for each of the following request:
• Withdrawal of units created from PRUlifestyle saver
• Revision of premium paying duration for PRUlifestyle saver or the duration of you receiving the payout.
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Fund switching fee
(for PRUlink or PRUlink global funds only)
There is no flexibility to switch fund if PRUlifestyle saver is attached and it has not expired.
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Four free switches are available every year. For any subsequent switches within the year, the switch fee is set at 1% on the amount switched (subject to maximum of RM50).
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Administration charge, processing fee and guarantee charge only applies if PRUlifestyle saver is attached.
Who Can Apply
Anyone between the ages of 19 – 25 years on their next birthday can take up the plan.
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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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Optional Benefits
For further details on the optional benefits, please refer to Product Disclosure Sheet and Sales Illustration.
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Death
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Total & Permanent Disability
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PRUlife income
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PRUdisability provider
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Death and Total & Permanent Disability
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Critical Illness Benefit
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PRUlife growth
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Crisis Shield Plus
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Crisis Shield
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Accidental
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Multiple Crisis Protector
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PRUacci guard
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Crisis Cover Income
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PRUacci med
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PRUacci income
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Female Illness
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PRUessential lady
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Hospitalisation Income
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PRUessential mother
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PRUmed
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Hospital Benefit
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Medical
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PRUhealth
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Payor Benefit
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PRUannual limit waiver
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Enhanced PRUpayor basic
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PRUmedic auto upgrade
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Enhanced PRUpayor saver
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PRUmedic retirement
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PRUspouse payor basic
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Savings
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PRUspouse payor saver
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PRUsaver
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PRUlifestyle saver
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You should access the affordability and suitability of the product in relation to your financial goal and risk appetite. To achieve that, we recommend that you speak to your agent or wealth planner who will perform a needs analysis and assist you in making an informed decision.
If you will like to find out more on the PRUlife ready product and optional benefits available, please refer to Product Disclosure Sheet, Sales Illustration, Fund Fact Sheet, PRUlife ready flyer and PRUmedic essential fact sheet.
Alternatively, you can call 03-2116 0228, email us at customer.mys@prudential.com.my or contact your friendly Prudential Wealth Planner.
