prudential has added an anticipated endowment plan to their stable with the launch of pruflexicash protection plus.
benefits:
- Lump sum payment of up to 4 times the sum assured of PRUflexicash protection plus in the event of Death Accelerated Terminal Illness or Accelerated Disability1
- Flexible policy terms of 15 or 25 years
- 3 smart ways to enjoy your Yearly Cashback3:
- Receive a Yearly Cashback after the second policy anniversary and use as you wish, such as a family holiday.
- Enjoy bigger payouts on your policy if you choose to defer receiving your Yearly Cashback after the 10th policy anniversary or later4.
- Accumulate your Yearly Cashback and get a non-guaranteed interest5 of 3% p.a. by leaving it with us.
- Future Insurance Option6 (FIO) to buy new plan7 within 4 years from first premium due date even if health changes. You are assured of enjoying increased coverage of up to 4 times the sum assured of your PRUflexicash protection plus or S$200,0007, whichever lower.
- Whichever policy term you choose, upon maturity you will receive in total 120% of the sum assured of PRUflexicash protection plus, plus all the bonuses (non-guaranteed) that were added to the plan every year.
- Choice of cashing in bonuses (non-guaranteed) accumulated
- Option to borrow up to 90% of policy's cash value**
- Interest-free loans to cover medical expenses resulting from a surgical operation+
- Add on these supplementary benefits for more comprehensive coverage
- Crisis Cover III provides you with a lump sum payment in the event that you are diagnosed with any one of 30 critical illnesses
- Crisis Waiver III pays for your premiums in the event that you are diagnosed with any one of the 30 critical illnesses
- Comprehensive Personal Accident III provides an additional lump sum payment in the event of accidental death and dismemberment
- reimburse your medical expenses incurred due to the accident and pays out a weekly income if you are unable to work because of the accident.
| ^ | Terms and conditions apply | |||||||||
| ** | There is an annual interest rate on the loan amount, which is non-guaranteed and subject to change. | |||||||||
| + | This loan is available at the discretion of the insurance product provider and may be granted upon satisfying required conditions. | |||||||||
| 1 | Policy provides coverage against Accelerated Terminal Illness and Accelerated Disability during the term of the policy, and before the anniversary of the policy on which the Life Assured will attain the age of 65. We will pay for either Accelerated Terminal Illness or Accelerated Disability but not both. | |||||||||
| 2 | Bonuses are not guaranteed and will vary according to the future experience of the participating fund. | |||||||||
| 3 | Yearly Cashback is a payout of 5% of PRUflexicash protection plus sum assured after the 2nd Policy Anniversary. | |||||||||
| 4 | No later than one year before the end of policy term. | |||||||||
| 5 | An annual interest rate will be applied on the accumulated Cashback. The interest accures on daily basis. This interest rate may vary. | |||||||||
| 6 | This benefit is only applicable to PRUflexicash protection plus purchased under standard terms. The maximum age to exercise the FIO is 44 years old. | |||||||||
| 7 | Excluding PRUflexicash protection plus or any other policy with a FIO. |
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