The plan that rewards you for your achievements!
PRUcash double reward
Save for the future and get rewarded at the same time.
Benefits
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.
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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.
How It Works
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?
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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.
Who Can Apply
This plan is available for individuals between the ages of 1 – 65 years on their next birthday who:
- Want a savings plan with double protection
- Want a steady stream of payouts and bonuses
You can also take up this plan for your child who is under the age of 15 years on their next birthday.
Optional Benefits
WHAT ADDITIONAL BENEFITS DOES THIS PLAN OFFER ME?
Just by paying additional premium, the following riders can be added to your PRUcash double reward plan so you can enjoy greater coverage for better overall protection.
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PRUlegacy
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Pays the remaining Annual Guaranteed Payout to the Life Assured’s next-of-kin should the Life Assured suffer from TPD before age 60 or pass on.
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PRUterm
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Benefit is payable in one lump sum should the Life Assured suffer from TPD before age 60 or pass on.
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PRUwaiver
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Waives all future premiums in the event that the Life Assured is diagnosed to suffer from a critical illness.
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PRUspouse waiver
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Waives all future premiums should the spouse of the Life Assured become TPD before age 60, pass on or be diagnosed to suffer from a critical illness.
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PRUparent waiver
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Should the parent of the Life Assured suffer from TPD before age 60, pass on or be diagnosed to suffer from a critical illness, all future premiums will be waived until the child reaches age 25 or the end of the premium payment term, whichever is earlier.
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| 1. You can choose to receive your Annual Guaranteed Income (also known as Survival Benefit) payout based on these options:
Option 1: Receive the payout as cash to cater for expenses
Option 2: Accumulate the payout and earn compounded interest during the entire policy term, and receive it as a lump sum upon maturity.
Note: The compounded interest earned is not guaranteed and subject to change.
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2. Compound Reversionary Bonus (CRB)
- A bonus declared each year during the term of the policy. The amount of bonus is not guaranteed and will depend on, among other factors, the actual investment performance achieved for the product.
- Will be available from the calendar year following the first policy anniversary.
- Will be payable in full upon the maturity of the plan, death or TPD of the life assured.
- Full value of the CRB declared is not payable on early termination, surrender or conversion of the policy.
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3. Terminal Bonus
- Will be payable upon maturity of the plan, death or TPD of the life assured or upon policy surrender.
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4. Guaranteed Income Benefit (GIB)
Benefit payable is:
- 3% of basic sum assured for end of policy year 1 – 5
- 6% of basic sum assured for end of policy year 6 onwards
E.g.
If the policy has a Basic Sum Assured of RM100,000 and a term of 20 years and the Life Assured passes away during the 7th year, the GIB payable is RM6,000 from the end of the 7th year until the 20th policy year.
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Note: Compound Reversionary Bonus and Terminal Bonus declared are not guaranteed and will depend on actual operating and investment results experienced by Prudential. Please refer to the Sales Illustration for more information.
