INVESTMENT-LINKED INSURANCE. PRUlife partner. Two hearts, protected as one

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1 INVESTMENT-LINKED INSURANCE PRUlife partner Two hearts, protected as one

2 As you and your partner walk down the aisle, joining in matrimony, a new chapter begins. Building a new life together is a lifelong journey full of hope and excitement. While this new beginning is bound to be filled with joy and happiness, life can take sudden turns, and it pays to be prepared for such events.

3 PRUlife partner is a unique life protection plan that covers up to two lives. With PRUlife partner, you and your better half can now celebrate major milestones with us from marriage, to buying your new home, to welcoming your first child and beyond. It is designed to grow with you and your partner through the different stages in life, offering you peace of mind and the best value for money, with multiple benefits and insurance coverage making it the perfect gift of love for the both of you. A perfect union begins with PRUlife partner, as both you and your partner can always be there for each other, through thick and thin. Vow to protect each other today with PRUlife partner!

4 Benefits at a Glance Dual-Life Coverage PRUlife partner provides married couples with the opportunity to be covered together under one investment-linked policy. Enjoy Discounts PRUlife partner offers a spouse discount on premium and insurance charges of the Basic Benefit 1 for you and your partner to be protected together. A further large sum assured discount is applicable to the Basic Benefit to bring the best value for money when your protection needs grow along your life journey. Guaranteed Increases of the Initial Basic Sum Assured 2 with Lifestage Multiplier PRUlife partner allows you to grow your coverage by providing guaranteed increases of the Initial Basic Sum Assured without underwriting, subject to an additional premium upon achieving key milestones in life, such as graduation, marriage, acquiring a property, conceiving or legally adopting a child. 1 Basic Benefit comprises Death Benefit, Total and Permanent Disability (TPD) Benefit, Accidental Death and Disability Benefit (ADDB), and Disability Income Benefit. 2 Initial Basic Sum Assured is an amount equivalent to each of the Death Benefit, Total and Permanent Disability (TPD) Benefit, Accidental Death and Disability Benefit (ADDB), and Disability Income Benefit that the respective Life Assured is covered, as at the date the Life Assured concerned was first covered under this Policy. Minimum Initial Basic Sum Assured for each Life Assured in each policy is RM100,000, except for Disability Income Benefit which has a minimum sum assured that starts from RM 5,000.

5 Peace of Mind with No-Lapse Guarantee PRUlife partner stays with you regardless of market conditions, provided that all premiums are paid up to date and no withdrawal is performed throughout the policy term. Double Coverage for Accidental Death and Disability (ADDB) PRUlife partner doubles your coverage in the unfortunate event of death or Total and Permanent Disability (TPD) due to accidental causes. Disability Income Benefit PRUlife partner cares about you when you are no longer able to provide support for your loved ones when you are suffering from TPD. A steady stream of annual income will be provided for 10 years, which will be doubled if TPD is caused by an accident. Widen Your Protection with Optional Riders PRUlife partner allows you to further enhance your protection with optional riders such as Critical Illness riders and payor riders for further peace of mind.

6 A sample illustration of how Lifestage Multiplier in PRUlife partner works Inforce Sum Assured RM250k LA1: RM150k LA2: RM100k Graduation RM300k LA1: RM180k LA2: RM120k +20% Conceiving a child RM350k LA1: RM210k LA2: RM140k +20% Review policy after every 3 policy years RM400k LA1: RM240k LA2: RM160k +20% Acquiring a home RM450k LA1: RM270k LA2: RM180k +20% Conceiving a child RM500k LA1: RM300k LA2: RM200k +20% Policy starts Policy year (LA=Life Assured) PRUlife partner evolves and grows with you and your spouse. It celebrates both your achievements in life through the Lifestage Multiplier, which provides both lives guaranteed increases of 20% of the Initial Basic Sum Assured 3, without medical and financial underwriting, subject to an additional premium. The option to increase the Initial Basic Sum Assured is applicable upon achieving certain lifestage milestones, such as graduation, marriage, acquiring a property, conceiving or legally adopting a child, or upon every 3 policy years, for a maximum of 5 times per policy. PRUlife partner brings the best value for money through a 10% spouse discount on premium and insurance charges of the Basic Benefit for you and your partner in this dual-life policy. Both of you will also enjoy an additional 10% large sum assured discount on premium and insurance charges of the Basic Benefit when the combined Inforce Sum Assured (for death benefit) of the policy is RM250,000 or more. 3 Maximum increase of sum assured per Life Assured, per event, per year for each policy is capped at RM100,000 for Death Benefit, Total and Permanent Disability (TPD) Benefit, Accidental Death and Disability Benefit (ADDB), except for Disability Income Benefit which is capped at a maximum of RM5,000. This option needs to be exercised before the Policy Anniversary date of age 60 next birthday of the Life Assured. An additional premium will be charged for the increased sum assured. This benefit ceases for the Life Assured concerned when he/she is suffering from Critical Illness or TPD, and will be revoked for the policy if any payor rider is triggered.

7 All About PRUlife partner 1) What is PRUlife partner? PRUlife partner is a limited term investment-linked plan which covers Total and Permanent Disability (TPD) before the Policy Anniversary Date of age 70 next birthday, and death of the Life Assured. It offers dual-life coverage that allows you at any point of time during the policy term, to include and cover your spouse 4 together in one investment-linked policy. 2) How does the coverage work under PRUlife partner? i. Death Benefit Upon death, we will pay the higher of: a) 100% of the Inforce Sum Assured for Death Benefit 5 ; or b) The proportioned value of units in the Basic Unit Account (BUA) for the Life Assured concerned 6. If the death is caused by an accident before the Policy Anniversary Date of age 70 next birthday of the Life Assured concerned, another 100% of the Inforce Sum Assured for Accidental Death and Disability Benefit (ADDB) 7 will be payable on top of the payout above. Besides that, all remaining policy values (if any) shall also be payable upon death event. For a dual-life policy, this shall be payable upon death of the surviving spouse. ii. Total and Permanent Disability (TPD) Benefit Upon TPD before the Policy Anniversary Date of age 70 next birthday of the Life Assured concerned, we will pay the higher of: a) 100% of the Inforce Sum Assured for TPD Benefit 5 ; or b) The proportioned value of units in the Basic Unit Account (BUA) for the Life Assured concerned 6. If the TPD is caused by an accident, another 100% of the Inforce Sum Assured for ADDB 7 will be payable on top of the payout above. Please refer to the Product Disclosure Sheet and Sales Illustration for the definitions of TPD. iii. Disability Income Benefit Upon TPD of the Life Assured concerned (occurring before the Policy Anniversary Date of age 70 next birthday), we will pay Disability Income Benefit for the next 10 years which shall be equivalent to 5% of the Inforce Sum Assured for ADDB 7. If the TPD is caused by an accident, the benefit amount will be doubled. Please refer to the Product Disclosure Sheet and Sales Illustration for the definitions of TPD. 4 Second Life Assured needs to be fully underwritten during endorsement of policy. 5 Inforce Sum Assured for Death/TPD Benefit of the Life Assured concerned refers to total sum assured, taking into account the Initial Basic Sum Assured for Death/TPD Benefit and any increase of sum assured from exercising the Lifestage Multiplier. However, it is also affected by any endorsement made for Basic Benefit s sum assured, any payment made for accelerated benefits such as TPD and/or Crisis Shield, and any adjustment of sum assured due to withdrawal. 6 For a single life policy, proportioned value of units in the BUA will be 100% of the units value. For a dual-life policy, proportioned value of units in the BUA for the Life Assured concerned upon death/tpd is calculated as follows: Inforce Sum Assured for Death/TPD Benefit of the Life Assured concerned Value of units in the BUA X Total Inforce Sum Assured for Death Benefit 7 Inforce Sum Assured for Accidental Death and Disability Benefit (ADDB) of the Life Assured concerned refers to total sum assured, taking into account the Initial Basic Sum Assured for Death/TPD Benefit and any increase of sum assured from exercising the Lifestage Multiplier. However, it is also affected by any endorsement made for Basic Benefit s sum assured and any adjustment of sum assured due to withdrawal.

8 All About PRUlife partner 3)What will happen to the policy after either one of the Lives Assured makes a death claim? The policy continues to cover the surviving spouse. Future premiums will be paid on behalf by Prudential if the Special Payor Rider (optional benefit) is attached, else all premiums and insurance charges will continue to be chargeable based on the coverage of the surviving spouse. 4) What is Lifestage Multiplier? Lifestage Multiplier provides an additional 20% of the Initial Basic Sum Assured on Guaranteed Issuance Offer basis with no medical and financial underwriting, subject to an additional premium, for a maximum of 5 times throughout the policy term. It is applicable: a) Upon achieving lifestage milestones, which include graduation, marriage, acquiring a property, conceiving or legally adopting a child; or b) At fixed intervals of every 3 policy years from policy commencement date. Lifestage Multiplier is applicable to both single life and dual-life policy. In a dual-life policy, the incremental percentage can be applied to both lives when either spouse attains the milestone. 5) What is spouse discount? Spouse discount is only applicable to dual-life policy and offers a 10% discount on the Basic Benefit premium and insurance charges of both Lives Assured. 6)What is large sum assured discount? Large sum assured discount is applicable to both single life and dual-life policy and offers a 10% discount on the Basic Benefit premium and insurance charges when the combined Inforce Sum Assured (for death benefit) of the policy is at least RM250,000. 7) What is No-Lapse Guarantee? No-Lapse Guarantee ensures continuity of your policy even when the value of units in the Basic Unit Account (BUA) falls below zero. No-Lapse Guarantee will be revoked upon non-payment of premium or partial withdrawal from the BUA. 8) What is Special Payor rider? Special Payor rider is an optional benefit that pays the premium on your behalf if either one of the Lives Assureds are either diagnosed with any one of the 36 Critical Illnesses, suffers from TPD or has died. This rider is only applicable to dual-life policy and must be attached to both Lives Assured once it is selected. Note: In a single life policy, Enhanced PRUpayor rider may be attached.

9 9) Who can take up this plan? PRUlife partner is available to anyone aged between 19 to 50 years old on their next birthday. Entry Age (Next Birthday) Min Max Expiry Age (Next Birthday) At maturity or upon surrendering, we will pay you the value of units in your policy. 10) How much regular premium do I have to pay? The total premium that you have to pay may vary depending on our underwriting requirements. The premiums are payable throughout the duration of the plan up to the chosen expiry age. 11) How will my regular premium be invested? We will automatically balance-up your investment portfolio for your convenience according to your preferred policy term. At policy inception, the premium will be invested in PRUlink equity income fund and PRUlink bond fund according to the asset mix as shown below. Remaining Term (years) of Premium Payment Period, X X > < X < X < X < X < X < X < X 15 5 < X 10 0 < X 5 PRUlink equity income fund (%) 70% 65% 60% 55% 50% 45% 40% 35% 30% 25% PRUlink bond fund (%) 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% We reserve the right to change the asset mix in the table above and/or perform switching between series of PRUlink funds, at any time in our sole and absolute discretion, by giving you written notice at least 3 months before the change is to take place. For more information on the funds, please refer to the PRUlink equity income and PRUlink bond Fund Fact Sheet. You can track the performance of your funds by checking the unit prices published daily on our website at

10 All About PRUlife partner 12) What are the waiting periods that I should be aware of? There is no waiting period for the basic coverage under PRUlife partner 8. However, the Lifestage Multiplier can only be exercised one year after the commencement date of the Basic Benefit. For riders that provide Critical Illness coverage, such as Crisis Shield, Crisis Defender and payor riders, no benefit shall be payable in respect of any Critical Illness if the symptoms have manifested prior to or: a) within sixty (60) days for Heart Attack, Coronary Artery By-Pass Surgery, Cancer or Serious Coronary Artery Disease; or b) within thirty (30) days for all other Critical Illnesses. 13) What are the charges involved? Type Insurance Charges Fund Management Charge Service Charge Top-Up Fee Details A monthly insurance charge is levied depending on your age next birthday, gender, smoking status, occupation class, types of benefits, medical and physical conditions. PRUlink equity income fund: Maximum 1.5% per annum of the fund assets PRUlink bond fund: Maximum 0.5% per annum of the fund assets RM6 per month for payment by cash or cheque. RM5 per month for credit card or auto debit. Subject to taxes (if any) Top-up fee is RM25 and subject to taxes (if any) 8 We shall not pay the Death Benefit for the Life Assured concerned if his/her death is caused by suicide within one year of the commencement date of his/her Death Benefit or any date on which the policy is revived, whichever is later. Instead, we shall pay the value of units at the valuation date after the date we receive the notice of claim including the documents and information required.

11 Important Notes PRUlife partner is not a Shariah-compliant product. This brochure is for illustrative purposes only. You are advised to refer to Prudential s Product Disclosure Sheet and Sales Illustration before purchasing the plan, and to refer to the terms and conditions in the policy document for details of the important features of the plan. You should assess the affordability and suitability of the product (including optional benefits) in relation to your financial goals and risk appetite. To achieve this, we recommend that you speak to your agent or Wealth Planner who will perform a needs analysis and assist you in making an informed decision. There is a free-look period of 15 days after the delivery of your policy to allow you to review it if it meets your needs. If the policy is cancelled within this period, we will refund you the value of unit (at next pricing date) plus the premiums that are not invested, insurance charges, service charge, processing charge (if any), taxes (if any) that we have deducted, less medical expenses that we may have already paid or agreed to pay. Additionally, if top-ups are done, 5% of the unallocated premium will be refunded. Top-ups do not incur any insurance charges. Premium rates and insurance charges for the Basic Benefit of this plan are guaranteed. Premium rates and insurance charges for other add-on benefits are not guaranteed. We reserve the right to revise these non-guaranteed premium rates and insurance charges at policy anniversary by giving you at least 90 days prior notice. If we increase the insurance charge after the premium payment term, you may need to pay an additional premium or top-ups. Non-payment of premiums may cause this policy to lapse. Should you stop paying premiums, the policy may continue for as long as there are sufficient units in the respective accounts. Therefore, depending on the amount of units available in these selected accounts, benefits of the plan may lapse and cease to be in force at different points in time. If you cancel the policy in the early years, you may not be able to obtain the full value from the amount you have paid to us. When you surrender the policy, all benefits in the policy will be terminated. Prudential Assurance Malaysia Berhad (PAMB) is an insurance company licensed under the Financial Services Act 2013 and is regulated by Bank Negara Malaysia. PLEASE NOTE THAT THIS IS AN INSURANCE PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND IS NOT A PURE INVESTMENT PRODUCT SUCH AS UNIT TRUSTS. Prudential Assurance Malaysia Berhad Member of PIDM Prudential Assurance Malaysia Berhad (PAMB) is a member of Perbadanan Insurans Deposit Malaysia (PIDM). As a member of PIDM, some of the benefits insured under the insurance policies offered by PAMB are protected against loss of part or all of insurance benefits by PIDM, in the unlikely event of an insurer member failure. For further details of the protection limits and the scope of coverage, please obtain a PIDM information brochure from PAMB or visit PIDM website ( or call PIDM toll free line ( ).

12 Prudential Assurance Malaysia Berhad ( U) Menara Prudential, 10 Jalan Sultan Ismail, Kuala Lumpur, Malaysia. Tel: Faks: /2018