PRUcash premier

What if you could also get regular cash payouts to reward you for saving diligently?

The plan with lump sum cash at maturity, and guaranteed payouts in between.

Benefits

Annual GUARANTEED cash payout

PRUcash premier provides you with a guaranteed yearly payout of 4% of the Sum Assured from the end of the 10th policy year onwards. This payout, known as Survival Benefit, can either be withdrawn or left to be accumulated with the plan.

Non-guaranteed bonuses

Get additional yearly non-guaranteed bonus payouts¹ over and above your guaranteed yearly payout! (Currently projected at 3% per annum.)

Lump Sum Cash at Maturity

Receive 100% of the sum assured PLUS total bonuses (and accumulated Survival Benefit, if any) when your PRUcash premier plan matures.

Shorter premium payment term

10 years of premium is all you have to pay to enjoy PRUcash premier benefits.

Death & Total and Permanent Disability (TPD)² cover

In the event of TPD before age 60 or death at any time during the policy duration, you or your loved ones will receive 100% of the sum assured PLUS bonuses (and accumulated Survival Benefits, if any).

Additional protection benefits³

You have the option of attaching additional benefits to enhance your basic cover.

How It Works

How does the product work?

PRUcash premier is divided into 2 main stages – Premium Paying Term and Payout Term.

Premium-Paying Term

Before you begin, select the benefits you want and the amount of sum assured. Your premium will then be calculated based on your age, smoking status and policy term. As the premium-paying term for PRUcash premier is fixed at 10 years you only need to select your policy term which could either be 15, 20 or 30 years.

Payout Term

Your payout term starts from the end of the 10th policy year onwards, i.e. after your premium-paying term ends. When your policy matures at the end of your payout term, you will receive a lump sum payout at maturity.

What are the non-guaranteed bonuses available?

Apart from the annual guaranteed cash payment, Prudential also lets you share in the profits of the Participating Life Fund by paying Simple Reversionary Bonus4 and Terminal Bonus5. The bonuses are declared annually and are payable upon death, TPD, policy maturity or upon surrender of policy.

What will be paid out?

Upon death or maturity	The sum assured; plus Any attaching Simple Reversionary Bonus; plus Any Terminal Bonus; plus Any accumulated Survival Benefits will be payable.
Total and Permanent Disability³	Pays in the same way as the death benefit
Upon surrender policy	Guaranteed cash value; plus Any cash value of Simple Reversionary Bonus; plus Any cash value of Terminal Bonus; plus Any accumulated Survival Benefits, will be payable.

How much premium do I pay?

Minimum annual premium payable for a basic plan is RM4,800, excluding additional benefits.

Premiums can be paid in yearly, half-yearly, quarterly or monthly mode via the Autodebit, Credit Card, Cash or Cheque.

Premium payment

Premiums can be paid yearly, half-yearly, quarterly or monthly via Auto Debit, Banker’s Order, Credit Card, Cash or Cheque.

Can I take up a loan on this plan?

Yes, you can take up a Policy Loan, Automatic Premium Loan and Surgical & Nursing Fees Loan, subject to terms and conditions.

1) You can choose to receive your annual payouts based on these options:

Option 1: Payout the Survival Benefit

Option 2: Accumulate the Survival Benefit

Option 3: Pay the Survival Benefit together with the partially surrendered Simple Reversionary Bonus (only applicable for selected plans)

2) For TPD benefit, for sum assured greater than RM1 million, method of a claims payment is based on the terms and conditions of the policy contract.

3) Purchase of additional benefits is optional and requires additional premiums (the amount which depends on the type of benefit selected).

4) Simple Reversionary Bonus:

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.
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 Simple Reversionary Bonus declared is not payable on early termination, surrender or conversion of the policy.

5) Terminal Bonus: Will be payable upon death, TPD, policy maturity or upon surrender of policy.

Who Can Apply

This plan is available for individuals aged 1 – 65 years old age next birthday who:

Want to pay premium for a limited time only.
Want to enjoy a guaranteed annual payout, on top of the protection cover.

Optional Benefits

For your protection against any eventualities, we offer you supplementary benefits with your PRUcash premier plan. You may enhance your plan with these additional benefits ranging from accidental, waiver of premium to term insurance.

PRUterm	Pays an additional Sum Assured in the event of death or when a TPD occurs before age 60, whichever is earlier.
Accidental Death and Disablement (ADD) PRUterm is required for the attachment of this ADD benefit	Covers death or total and irrecoverable loss of use of body functions due to accident. Additional compassionate allowance of RM2,000 per life is payable in the event of death due to natural causes or accident, in addition to the sum assured.
PRUwaiver	Waives all future premiums upon diagnosis of a critical illness of Life Assured.
PRUspouse waiver	Waives all future premiums in the event of death, TPD before age 60, or upon diagnosis of a critical illness of the spouse.
PRUparent waiver	Waives all future premiums until the child attains the age of 25 in the event the parent suffers TPD before age 60, or death, or upon diagnosis of a critical illness.

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 20% at age 1, 40% at age 2, 60% at age 3, 80% at age 4 and 100% at age 5.