We understand you want protection that pays back what you paid for it

Transcription

1 PROTECT We understand you want protection that pays back what you paid for it PRUterm total refund

2 Now, there s an insurance policy that offers you not just comprehensive protection against the unforeseen, but also a full refund of all the premiums that you pay for it 1. PRUterm total refund allows you to pay off your premiums in 10 years, be covered for 20 years, and get your premiums back upon cover expiry 1. Guaranteed refund of premiums upon cover expiry 1 PRUterm total refund covers you against Death, Terminal Illness and Disability 2 for 20 years, but you ll only pay premiums for the first 10 years of this plan. When the policy expires after 20 years, you can look forward to getting back all the premiums you paid for it. Lump sum payout plus premium refund 1 In the event of Death, Terminal Illness or Disability 2, you or your loved ones will receive the sum assured, plus total premiums paid, in one lump sum. Accidental Death Benefit In the event of Accidental Death, your loved ones will receive an additional sum assured. This also covers Accidental Death due to participation in high-risk activities 3, including those carried out in the course of peace-time reservist duty or full-time National Service 3, Guaranteed premiums and renewability 4 Your PRUterm total refund premiums will remain unchanged throughout the policy term; plus, you ll enjoy the additional reassurance of guaranteed renewal 4 throughout the 20-year policy term.

3 An example of how PRUterm total refund works: Mr. Ang, a Singaporean, non-smoker, who ll be 35-years old on his birthday, has a PRUterm total refund policy with a sum assured of $100,000 and an annual premium $1, In the 5th year of his policy, Mr. Ang meets with an unfortunate car accident and passes away 1 week later. His total premiums paid till then are $1,765 x 5 = $8, His loved ones will receive the following payouts: Death benefit: $100,000 Accidental Death benefit: $100,000 Refund of Total Premiums paid: $8,825 Total policy payouts 6 : $208,825 However, if Mr. Ang had continued with his PRUterm total refund policy without any claims made, upon the cover expiry of the policy, the refund on his total premiums paid 1 would have been $1,765 x 10 = $17,650. Call your Prudential Financial Consultant or our PruCustomer Line at today, or visit

4 Footnotes: 1. The total premiums paid without interest will be refunded upon Death, Terminal Illness or Disability of the life assured; or the Cover Expiry Date of the policy, whichever event occurs first. If the policy is surrendered before Cover Expiry Date, policy will return a percentage of the total premiums paid without interest. In some situations, there may be no refund of total premiums paid. Please refer to the policy document for the exact terms and conditions. 2. For Accelerated Terminal Illness and Accelerated Disability Benefit, the benefit will cease on the policy anniversary immediately before the life assured turns Reduction of benefits due to High-Risk Activities to 50% or 75% of the sum assured for Accidental Death Benefit. Exclusions apply. Please refer to your policy document for the exact terms and conditions. 4. The premium amount and renewal is guaranteed provided premiums are paid within 30 days of the date they are due. 5. Premium quoted is based on an annual basis for PRUterm total refund with sum assured of S$100,000, on a standard life, age 35 next birthday, male non-smoker. Total premiums paid-to-date is calculated based on the annual premium x 5 years ($1,765 x 5 = $8,825). 6. We will deduct any outstanding amounts owing to us in connection with this policy before paying any benefits. Note: Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. You are recommended to seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs. This brochure is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to this insurance product in the policy documents that can be obtained from your Prudential Financial Consultant. This brochure is for distribution in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore. In case of discrepancy between the English and Mandarin versions of this brochure, the English version shall prevail. Information is correct as at 27 May 2016.

5 PROTECT Prudential Assurance Company Singapore (Pte) Limited. (Reg. No Z) 30 Cecil Street #30-01 Prudential Tower Singapore Tel: Fax: Part of Prudential plc