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As a parent, you know that your children deserve the very best. You want to give your child a head start in life by giving them the best protection and securing their education future. Finding this balance between protection and education, however, can be challenging, especially with the unpredictable nature of life and the rising costs of higher education.
Prudential now offers PRUmy child, the first-of-its-kind-plan that offers coverage during the crucial pregnancy and infancy periods, compared to most conventional child plans that leaves the child without any protection during the early stages of infancy. Additionally, certain congenital abnormalities may not be covered under regular juvenile plans. With PRUmy child, parents can now be rest assured that their baby will be well protected, even before they are born!
How then, do you safeguard your child’s education future? With PRUmy child, you can take charge AND guarantee* your child’s education fund as early as possible. You may also reap potentially higher returns over the long term by investing in any of the PRUlink or PRUlink education funds.
No other plan balances protection and education more comprehensively than the PRUmy child plan - an innovative plan that combines investment, protection and flexible features.
Take time to focus on what is truly important – your child.
* With attachment of PRUedusaver to the plan. |
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| Benefits |
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• 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.
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| • 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 |
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| • ADDITIONAL PROTECTION for PARENTS |
| Have peace of mind by making sure the 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. |
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| • 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. |
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| What do I get? |
• 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.
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: |
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| 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 child1 rider that covers them up to the age of 25 years next birthday. |
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| 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. |
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| Payor Covers |
| • Pays for your plan in the event of death (if applicable), TPD before age 70 or critical illness. |
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| 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). |
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| Accident Covers |
| • Comprehensive coverage for injuries due to accident. |
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| How much do I pay? |
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Minimum premium per year |
| PRUmy child |
RM600* |
| PRUsaver kid |
RM120 |
| PRUedusaver |
RM600 (subject to 5 times the premium of the basic PRUmy child plan) |
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Note: PRUsaver kid and PRUedusaver cannot co-exist within the same plan. |
| * Subject to underwriting. |
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Who can sign up?
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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To find out more
You can contact your Prudential representative for details on this plan and to obtain a free consultation on your insurance needs.
Alternatively, you can obtain an agent referral online or call us at 03-2116 0228 and we will assign a representative to contact you. |
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