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  4. PRUHeritage Cover

PRUHeritage Cover

  • PRUHeritage CoverPRUHeritage Cover

    PRUHeritage Cover (This is an insurance product)

    Protect yourself and your loved ones’ future with PRUHeritage Cover. Live each day with confidence, knowing that your legacy will flourish just as you have envisioned.

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Overview

PRUHeritage Cover is a regular premium non-participating insurance plan that lets you safeguards your loved ones’ future while receiving multiple payouts and rewards beyond your retirement age of 61.

Among the benefits include:

 

  1. Additional 20% of basic sum assured (BSA) for Total and Permanent Disability (TPD) and death with no extra cost.
  2. Receive a combination of payout of up to 20% of your basic sum assured (BSA) upon hitting certain life-stage events.
  3. Receive up to 10 yearly payout for selected conditions such as Parkinson’s or Alzheimer’s disease
  4. Receive a 100% lump sum payout of the BSA upon policy maturity.

 

Scroll down for further details on how you can enjoy all these benefits with a guaranteed basic premium rate.

 

Note: Any age reference shall be on the basis of Age Next Birthday (ANB).

Benefits

H olistic legacy insurance plan that pays 5% of the Basic Sum Assured (BSA) yearly to support assisted living, up to 10 years for covered conditions1 via Silver Care Benefit2. 

E nhance your coverage with Legacy Booster3 feature by an additional 20% of BSA upon death or Total and Permanent Disability (TPD)4.

R eceive a lump sum payout of up to 10%5 of the BSA at age 616 with the Retirement Reward feature.

I - Incur a lower basic plan premium when you choose higher BSA, up to 12%7 discount.

T ailored to your needs with flexible premium payment options of 5, 8, 10 and 20 years.

A dditional lump sum cash payout up to 10%5 of BSA upon attaining age of 88.

G uaranteed lifelong protection8 up until ANB 100 with guaranteed basic premium rate.

E nsure you and your family are well taken care of upon policy maturity at ANB 100, receiving 100% of your BSA as a lump sum payment.

 

1Covered conditions include the inability to perform at least 2 out of 6 Activities of Daily Living (ADL)(s), Parkinson’s Disease, Alzheimer’s Disease/Severe Dementia accompanied with inability to perform at least 2 out of 6 ADL(s).
2Prior to the Policy Anniversary of Life Assured’s ANB 90. The coverage shall commence on the Policy Anniversary of Life Assured's ANB 61 or after completion of Policy Year 4, whichever later.
3Legacy Booster shall commence on the Policy Anniversary of Life Assured's ANB 61 or after completion of Policy Year 4, whichever later.
4Prior to the Policy Anniversary of Life Assured's ANB 70. TPD Benefit is not applicable for entry ANB 70.
510% for entry ANB 64 and below, 5% for entry ANB 65 and above, provided that no claims are made.
6Refer to Retirement Reward table for details.
7Refer to Large Sum Assured Discount table for details.
8Provided that premiums are paid up to date.

 

Note: The example above is for illustration purposes only.

Benefits Table

Premium Payment Period and Policy Term
Premium Payment Period Policy Term
5, 8, 10 or 20 years Until ANB 100

Death Benefit

In the event of Life Assured’s death, BSA plus Legacy Booster shall be payable.

Total and Permanent Disability (TPD) Benefit

Death Benefit as stated above shall be payable upon Life Assured suffering from TPD prior to the Policy Anniversary of Life Assured’s ANB 70.

Note:
1. TPD Benefit is not applicable for Life Assured’s entry ANB 70.
2. Payment of this benefit will reduce the BSA.

Silver Care Benefit

5% of the BSA shall be payable yearly, up to 10 years in the event of diagnosis of any one of the covered conditions listed below prior to the Policy Anniversary of Life Assured's ANB 90:

  • Inability to perform at least 2 out of 6 Activities of Daily Living (ADL)(s)
  • Parkinson’s Disease
  • Alzheimer’s Disease/Severe Dementia accompanied with inability to perform at least 2 out of 6 ADL(s)

The coverage shall commence on the Policy Anniversary of Life Assured’s ANB 61 or after completion of Policy Year 4, whichever later.

Note:
1. The same amount of Silver Care Benefit shall be payable up to a maximum of 10 yearly payments, or upon death, TPD or surrender, whichever earlier.
2. Payment of this benefit will reduce the BSA.
Legacy Booster

Legacy Booster, i.e. an additional 20% of BSA shall be payable in the event of death or TPD. The coverage shall commence on the Policy Anniversary of Life Assured’s ANB 61 or after completion of Policy Year 4, whichever later.

Retirement Reward

A percentage (%) of BSA shall be payable at the Policy Anniversary of the respective payout age/ year according to the respective entry ANB, subject to no claim on Death/TPD/Silver Care Benefit.

Entry ANB

% of BSA

Payout Age/ Year
1 - 50 10% Life Assured’s ANB 61
51 - 64 10% After completion of Policy Year 12
65 - 70 5% After completion of Policy Year 12
Age 88 Reward

A percentage (%) of BSA shall be payable at the Policy Anniversary of ANB 88 according to the respective entry ANB, subject to no claim on Death/TPD/Silver Care Benefit.

Entry ANB

% of BSA
1 - 64 10%
65 - 70 10%
Maturity Benefit

100% of BSA shall be payable on maturity in one lump sum.
Optional Rider

Riders

Details
PRUWaiver Plus

PRUWaiver Plus ensures continuous protection without the need to pay all future premiums under PRUHeritage Cover policy if Life Assured is diagnosed with any of the 42 covered Critical Illnesses during the term of the rider or upon TPD11.
Spouse Waiver Plus

Spouse Waiver Plus ensures Life Assured will continue to be protected without the need to pay all future premiums under PRUHeritage Cover policy if the spouse (Insured Life for this rider) dies during the term of the rider, is diagnosed with any of the 42 covered Critical Illnesses during the term of the rider or upon TPD11.
Parent Waiver Plus Parent Waiver Plus ensures Life Assured will continue to be protected without the need to pay all future premiums under PRUHeritage Cover policy up to Policy Anniversary before Life Assured attains age 25 or the end of the premium payment term (whichever is earlier), should the parent (Insured Life for this rider) dies during the term of the rider, is diagnosed with any of the 42 covered Critical Illnesses during the term of the rider or upon TPD11.

11Prior to the Policy Anniversary of Life Assured's ANB 70 or expiry of the rider, whichever is earlier. TPD Benefit is not applicable for entry ANB 70.

Note:
For the full list of covered Critical Illnesses, please refer to Product Disclosure Sheet and Summary Illustration.
Underwriting

Full Underwriting  
Large Sum Assured Discount (LSAD)
BSA

Basic Plan Premium Discount
(% of Basic Plan Premium Rates**)
RM500,000 to RM799,999 None
RM800,000 to RM1,999,999 8%
RM2 million and above 12%

**Excluding loading, if any.

Note:
The LSAD table above is only applicable to the basic plan. It does not apply to the riders.

Eligibility

Premium Payment Period

 Entry  ANB

Child Adult
5

14 days after birth - 16

 17 – 70
8
10 17 – 65
20 17 – 60

Enrolment

Visit any UOB Malaysia Branch nearest to you.

Disclaimer

Underwritten by:

Prudential

The above plans are underwritten by Prudential Assurance Malaysia Berhad 198301012262 (107655-U) and distributed by United Overseas Bank (Malaysia) Bhd 199301017069 (271809-K). All claims and liabilities arising from the policies should be made with the company.

Prudential Assurance Malaysia Berhad is a licensed insurance company and is regulated by Bank Negara Malaysia. Prudential Assurance Malaysia Berhad is responsible for the products and benefits offered by them, as well as any representation made in any of their marketing materials including United Overseas Bank (Malaysia) Berhad’s marketing material for the products offered by Prudential Assurance Malaysia Berhad.

This content contains only a brief description of the product and is not exhaustive. You are advised to visit any of our branches and to refer to Product Brochure, Product Disclosure Sheet, Product/Sales Illustration and Fund Fact Sheet(s) (if any) before purchasing a policy, and to refer to the terms and conditions in the policy contract for details of the features and benefits under the policy.

Buying life insurance policy is a long-term financial commitment. You should assess the affordability and suitability of the product (including supplementary benefits) that best suits your personal circumstances in relation to your financial goals and risk appetite. To achieve that, we recommend that you speak to your Prudential Representative or UOB Malaysia representative who will perform a needs analysis and assist you in making an informed decision.

PROTECTION BY PERBADANAN INSURANS DEPOSIT MALAYSIA (“PIDM”) ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/POLICY IS(ARE) SUBJECT TO LIMITATIONS. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) Brochure or contact Prudential Assurance Malaysia Berhad or PIDM (visit www.pidm.gov.my).