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  4. PRUMillion Cover

PRUMillion Cover

  • PRUmillion coverPRUmillion cover

    PRUMillion Cover (This is an insurance product)

    AN INVESTMENT-LINKED INSURANCE PLAN that has the flexibility to be with you up to selected policy term and with Extension of Coverage Term up to age 100 next birthday. It provides greater protection on death, Total and Permanent Disability (TPD) and up to 4X the Basic Sum Assured for Accidental Death (AD).

Introduction

Everyday, a million thoughts race through your head – be it your business expansion, your children's education or ways to improve your family's quality of life. You constantly strive to grow your wealth so you can ensure a bright future and leave a legacy for your loved ones. 

Fulfillment comes in different shapes and sizes for different people. However, there is absolutely no joy in accumulating wealth if there is a fear that it may be taken away. Do not allow your family to flounder if you meet an untimely end. Make a plan so they can live the life you would have desired for them. 

With PRUMillion Cover, it safeguards what is important to you – your loved ones and their financial future.

 

Benefits

PRUMillion Cover is a regular premium investment-linked insurance plan that has the flexibility to be with you up to selected policy term and with Extension of Coverage Term up to age 100 next birthday1.

 

Multiply your protection up to 4X the Basic Sum Assured2,3

Increasing protection up to 108% of Basic Sum Assured until selected policy term and with Extension of Coverage Term up to age 100 next birthday1

Loyalty rewards along the way

Limited premium payment period options

Infectious disease4 coverage

Opportunity to invest in both local and global markets

No-Lapse Provision5

 

1 PRUMillion Cover offers a selection of different policy term options up to age 70, 80, 90, 100 next birthday or 20 years (where applicable). This plan comes with Extension of Coverage Term to extend the term of basic plan up to the Policy Anniversary of Life Assured's age 100 next birthday. For rider(s), if applicable, the rider’s term will be extended up to the Policy Anniversary of Life Assured’s age 100 next birthday or the rider's maximum coverage term, whichever is earlier. Unless you request to disable the Extension of Coverage Term, your policy will be auto extended as long as it has sufficient value of units to be deducted to pay for the relevant charges, fees and taxes during the extended term. To ensure sufficient value of units, additional premium is likely required during the extended term. During the extended coverage term, the coverage provided by the basic plan and rider(s) (if applicable) will remain the same.

2 Basic Sum Assured shall be in line with the Increasing Basic Sum Assured table shown below, any increase/decrease of sum assured via endorsement and the accelerated sum assured paid out due to Total and Permanent Disability (TPD) and/or Crisis Guard Benefit.

Policy Year % of Basic Sum Assured
1 100
2 102
3 104
4 106
5 or above 5 108

3Accidental Death (AD) coverage is available prior to the Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier.

4Infectious disease coverage is available prior to the Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier. Please refer to Infectious Disease Coverage under the Benefits Table tab for the list of covered infectious diseases.

5Provided that all premiums due are paid and no withdrawals have been made from the Basic Unit Account (BUA).

Benefits Table

Premium Payment Period and Policy Term
Premium Payment Period Policy Term
10 years

Different policy term options up to age 70, 80, 90, 100 next birthday or 20 years (where applicable)*
15 years
20 years

*PRUMillion Cover comes with Extension of Coverage Term to extend the term of basic plan up to the Policy Anniversary of Life Assured's age 100 next birthday. For rider(s), if applicable, the rider’s term will be extended up to the Policy Anniversary of Life Assured’s age 100 next birthday or the rider's maximum coverage term, whichever is earlier. Unless you request to disable the Extension of Coverage Term, your policy will be auto extended as long as it has sufficient value of units to be deducted to pay for the relevant charges, fees and taxes during the extended term. To ensure sufficient value of units, additional premium is likely required during the extended term. During the extended coverage term, the coverage provided by the basic plan and rider(s) (if applicable) will remain the same.

Death/ Total and Permanent Disability (TPD)6/ Accidental Death (AD)6
  • Pays 100% of the Basic Sum Assured2 upon death or TPD6
  • Pays 200% of the Basic Sum Assured2 upon death due to accident6
  • Pays 300% of the Basic Sum Assured2 upon death due to accident6 from commuting in public conveyance, elevator car or due to fire while in a public building
  • Pays 400% of the Basic Sum Assured2 upon death due to accident6 occurring outside of Malaysia7

    On top of the benefit illustrated above, value of units in Basic Unit Account (BUA) and all remaining value of units in the Investment Unit Account (IUA) (if any) shall also be payable upon death.

2 Basic Sum Assured shall be in line with the Increasing Basic Sum Assured table shown below, any increase/decrease of sum assured via endorsement and the accelerated sum assured paid out due to TPD and/or Crisis Guard Benefit.

Policy Year % of Basic Sum Assured
1 100
2 102
3 104
4 106
5 or above 5 108

6TPD and AD coverage are available prior to the Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier.
790 days residing period is applicable except for Brunei and Singapore.
Infectious Disease Coverage

Travel worry-free. Whenever you are travelling, you will be protected with extra coverage on infectious diseases up to age 70 next birthday or expiry of the policy, whichever is earlier.

Category A
RM5,000 for each diagnosis

Category B
RM10,000 for each hospitalisation
  • Measles
  • Hand Foot Mouth Disease
  • Chikungunya Fever
  • Typhoid Fever
  • Rabies
  • Zika virus
  • MERS-CoV
  • Ebola
  • SARS
  • Influenza A - Avian
  • Influenza A(H7N9) &
    A(H5N1)
  • Nipah Virus
  • Encephalitis
  • Japanese Encephalitis
  • Creutzfeldt-Jakob Disease
  • Malaria

Multiple claims can be made under each category, provided that each infectious disease is only claimable once during the policy term prior to Policy Anniversary of age 70 next birthday or expiry of the policy, whichever is earlier.

Loyalty Bonus and Loyalty Booster

Get rewarded with Loyalty Bonus equivalent to RM1 per RM1,000 of Basic Sum Assured2once every 2 years upon completion of 9 policy years. On top of that, you will also enjoy a further one-off Loyalty Booster equivalent to 8% of the Basic Sum Assured2 on the Policy Anniversary when you reach age 70, 80 or 90 next birthday depending on your entry age as shown below:

Entry Age (Next Birthday)

Loyalty Bonus Payout Term

Loyalty Booster Payout Age (Next Birthday)
Age 19 – 50 Once every 2 years upon completion of 9 policy years. Age 70
Age 51 – 65 Age 80
Age 66 - 70 Age 90

Both Loyalty Bonus and Loyalty Booster shall be payable into Basic Unit Account (BUA), provided that the policy is still in force.

2Basic Sum Assured shall be in line with the Increasing Basic Sum Assured table shown below, any increase/decrease of sum assured via endorsement and the accelerated sum assured paid out due to TPD and/or Crisis Guard Benefit.

Policy Year % of Basic Sum Assured
1 100
2 102
3 104
4 106
5 or above 5 108
No-Lapse Provision5

PRUMillion Cover comes with No-Lapse Provision5, which allows you to enjoy continuous protection during the first crucial 72 months regardless of market performance.

5Provided that all premiums due are paid and no withdrawals have been made from the BUA.
Optional Riders

You may choose from the optional riders to extend your protection net, subject to additional premium and underwriting:

Optional Riders

Descriptions
Crisis Guard Crisis Guard pays a lump sum benefit upon diagnosis of any of the 43 covered Critical Illnesses.
Benefit paid will reduce the Basic Sum Assured2 accordingly.
Crisis Care

Crisis Care pays a lump sum benefit upon diagnosis of any of the 43 covered Critical Illnesses.
Benefit paid will not reduce the Basic Sum Assured2.
Payor Basic Payor Basic pays the Basic Unit Account (BUA) premium if you are diagnosed with any of the 42 covered Critical Illnesses or suffer from Total and Permanent Disability (TPD) prior to Policy Anniversary of age 70 next birthday.
Payor Saver Payor Saver pays the PRUSaver premium if you are diagnosed with any of the 42 covered Critical Illnesses or suffer from TPD prior to Policy Anniversary of age 70 next birthday.
Spouse Payor Basic Spouse Payor Basic pays the BUA premium if your spouse is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of age 70 next birthday or dies.
Spouse Payor Saver Spouse Payor Saver pays the PRUSaver premium if your spouse is diagnosed with any of the 42 covered Critical Illnesses, suffers from TPD prior to Policy Anniversary of age 70 next birthday or dies.

Notes:
1. For the full list of covered Critical Illnesses and exclusions, please refer to PRUMillion Cover Product Disclosure Sheet and Product Illustration.
2. Policy coverage term is not guaranteed when payor rider(s) is/are attached, it shall depend on the policy having sufficient value of units to cover all the policy charges.

2Basic Sum Assured shall be in line with the Increasing Basic Sum Assured table shown below, any increase/decrease of sum assured via endorsement and the accelerated sum assured paid out due to TPD and/or Crisis Guard Benefit.

Policy Year % of Basic Sum Assured
1 100
2 102
3 104
4 106
5 or above 5 108

Investment Opportunity

PRUMax Cover offers you growth opportunities to diversify your funds both locally and globally through our PRULink Fund(s), PRULink Global Fund(s) and/or PRULink Local and Global Fund(s).

PRULink Funds
  • PRULink Equity Income Fund
  • PRULink Equity Focus Fund
  • PRULink Managed Fund II
  • PRULink Bond Fund II
  • PRULink Dana Unggul
  • PRULink Dana Urus II
  • PRULink Strategic Managed Fund
PRULink Global Funds
  • PRULink Asia Managed Fund
  • PRULink Global Market Navigator Fund
  • PRULink Dragon Peacock Fund
  • PRULink Asia Equity Fund
  • PRULink Global Growth Fund
  • PRULink Asia Pacific Dynamic Income Fund
  • PRULink Global ESG Choice Fund
PRULink Local and Global Funds
  • PRULink Equity Plus Fund
  • PRULink Managed Plus Fund


Click here to find out more about the objectives of the Investment-linked funds for PRULink Fund(s), PRULink Global Fund(s) and/or PRULink Local and Global Fund(s).


NOTE: 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. Return on an investment-linked fund is not guaranteed.

 

Eligibility

  • Age of Entry: Age 19 to 70 next birthday

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).