The plan that rewards you for your achievements!
PRUretirement reward
Live your dreams during retirement.
A regular premium investment-linked insurance plan that kick starts your financial independence after retirement!
Benefits
MONTHLY GUARANTEED INCOME
You can start your retirement savings with PRUretire saver which will provide you with a Monthly Guaranteed Income to help you live your retirement dreams. Not only that, you also have the potential of receiving even more monthly income at retirement!
FLEXIBILITY AND CONTROL
Understanding that life has its ups and downs, PRUretirement reward gives you the flexibility to make adjustments to your premium contribution and protection level. You also have the option of topping up your premium to match your retirement goals.
AFFORDABLE MONTHLY PREMIUMS
Premiums for PRUretirement reward from as low as RM1,200 per year, which gives you more reason to begin retirement planning today!
ANNUITY TAX RELIEF
You now have the option to claim up to RM1,000 for your PRUretirement reward plan under the newly introduced annuity income tax relief. This is in addition to the RM6,000 personal insurance tax relief provided for other life insurance plans you may have.
How It Works
PRUretirement reward is a regular premium investment-linked insurance plan that pays you a stream of Monthly Guaranteed Income and at the same time, lets you choose the level of protection that suits your needs. It is packaged together with PRUretire saver.
You can pay a yearly premium from as low as RM1,200 which consists of RM400 for death and TPD coverage and RM800 for PRUretire saver. This premium can be paid for as short as 5 years.
The Monthly Guaranteed Income is determined by the duration you want to receive the income.
| Duration of you receiving the Monthly Guaranteed Income (years) | 10 | 15 | 20 | 25 | 30 | 35 |
| Guaranteed Income Rate (p.a.) | 10.80% | 7.45% | 5.80% | 4.80% | 4.15% | 3.65% |
When you begin to receive your Monthly Guaranteed Income, the amount you receive will be calculated as below:
a) total premium that you have paid for PRUretire saver plus Retirement Top-Ups (if any);
b) total value of units of PRUretire saver plus Retirement Top-Ups (if any) before we start paying you the first Monthly Guaranteed Income, whichever is higher, will be used to multiply with the Guaranteed Income Rate (p.a.) as per the table above.
This calculated amount will then be paid in 12 instalments as the Monthly Guaranteed Income and you will be able to receive your Monthly Guaranteed Income from as early as 11th policy year onwards.
Who Can Apply
This plan is for anyone between 19-65 years old next birthday who would like to save regularly to plan for his/her retirement.
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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 enhanced protection, you can choose any of the following optional benefits subject to additional premium and underwriting.
| PRUessential wellness |
This optional benefit provides coverage on 11 categories of serious illnesses. The benefit will be paid according to the severity of a serious illness. On top of that, there will be additional coverage on heart or artery and diabetes conditions. Last but not least, you will receive a complimentary health screening voucher worth RM500 every 2 years.
For further details, please refer to the PRUessential wellness brochure.
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| Enhanced PRUpayor basic |
Enhanced PRUpayor basic pays your PRUretirement reward premium (except premium for PRUretire saver and Payors Benefit) upon diagnosis of a critical illness or total and permanent disability before age 70 next birthday.
Payment of benefit shall cease upon death of life assured.
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| Enhanced PRUpayor saver |
Enhanced PRUpayor saver pays your benefit equal to the PRUretire saver's premium upon diagnosis of a critical illness or total and permanent disability before age 70 next birthday.
Payment of benefit shall cease upon death of life assured.
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| PRUspouse payor basic |
PRUspouse payor basic pays your benefit equal to the PRUretirement reward premium (except premium for PRUretire saver and Payors Benefit) on the spouse's total and permanent disability before age 70 next birthday, death or diagnosis of a critical illness.
Payment of benefit shall cease upon death of life assured.
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| PRUspouse payor saver |
PRUspouse payor saver pays your benefit equal to the PRUretire saver premium on the spouse's total and permanen disability before age 70 next birthday, death, or diagnosis of a critical illness.
Payment of benefit shall cease upon death of life assured.
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