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  4. PRUEnrich Gain

PRUENRICH GAIN

  • PRUEnrich GainPRUEnrich Gain

    PRUEnrich Gain (This is an insurance product)

    A LIMITED PAY ANTICIPATED ENDOWMENT PARTICIPATING INSURANCE PLAN that offers insurance coverage and wealth accumulation. Survival Benefit will be payable upon survival of Life Assured to the end of every policy year provided the policy remains in force. This plan also pays a lump sum benefit either upon maturity of the policy, upon Life Assured’s death during the term of the policy or upon Total and Permanent Disability (TPD)1, whichever is earlier.

    1Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier. TPD Benefit is not applicable for entry ANB 70.

Introduction

Wealth accumulation forms an essential part of building your life dreams. With the right plans and wealth accumulation opportunities, you can pursue your dreams while living an enriching life. 

Be it sending your children abroad for higher education, owning your dream home or having your dream retirement, PRUEnrich Gain can bring you closer to achieving your goals. PRUEnrich Gain comes with great value, giving your wealth accumulation the boost to go further while ensuring you have protection at the same time. 

However you envision your future to be, gain the confidence to know that you can make it a reality and live your life dreams without worries.

 

Benefits

E ssential coverage for Death and TPD2
N urture your future with various premium payment term and policy term3 options
R ev up your life goals with annual guaranteed Survival Benefit and Maturity Benefit
I ncreased coverage upon Accidental Death4
C apture potential upsides from bonuses5
H assle-free enrolment via Guaranteed Issuance Offer (GIO) up to RM1,000,0006

 

2Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier. TPD Benefit is not applicable for entry ANB 70.
3For entry ANB 66 to 70, the maximum policy term allowed is 15 years.
4Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier. Accidental Death Benefit is not applicable for entry ANB 66 to 70.
5Bonuses consist of Terminal Bonus (TB) and Compound Reversionary Bonus (CRB) and will be paid as a lump sum upon Life Assured’s death during the term of the policy, surrender, maturity or upon TPD2, whichever is earlier. These bonuses are not guaranteed and will depend on the actual operating and investment results experienced by Prudential Assurance Malaysia Berhad (PAMB)’s participating life fund.
6Medical underwriting shall be waived if you purchase the basic plan only and shall be subjected to the aggregate Basic Sum Assured per life for all PRUEnrich Gain in forced policies within the last 36 months, where applicable.

 

Benefits Table

Premium Payment Term and Policy Term
Premium Payment Term (years) Policy Term (years)
3 12, 15
5 12, 15, 20, 30
8 20, 30
10 20, 30
Note: For entry ANB 66 to 70, the maximum policy term allowed is 15 years.
Death Benefit/ TPD7 Benefit
Policy Year 1 & 2: We shall pay the higher of:
  1. 100% of the total PRUEnrich Gain basic premiums paid (inclusive of loading and excluding taxes, if any) LESS total Survival Benefits paid (if any); OR
  2. Guaranteed Surrender Value PLUS Compound Reversionary Bonus (CRB) (if any)
PLUS Terminal Bonus (TB) on death/TPD7 (if any).
Policy Year 3 & onwards: We shall pay the higher of:
  1. 105%/101%8 of total PRUEnrich Gain basic premiums paid (inclusive of loading and excluding taxes, if any) LESS total Survival Benefits paid (if any);
  2. Basic Sum Assured PLUS CRB (if any); OR
  3. Guaranteed Surrender Value PLUS CRB (if any)
PLUS TB on death/TPD7 (if any).
If the accumulation option is selected, the accumulated Survival Benefit with interest (if any) will be paid together with the Death/TPD7/Surrender/Maturity Benefit, whichever is earlier.
Accidental Death Benefit9 Death Benefit and an additional 100% of the Basic Sum Assured shall be payable if death due to accident happens.

Notes:

  • Accidental Death Benefit is not applicable for entry ANB 66 to 70.
  • In the event of accidental death while the Life Assured is below ANB 17, Accidental Death Benefit payable will be subject to maximum of RM1 million per life.
Survival Benefit Survival Benefit will be payable upon survival of Life Assured to the end of every policy year provided the policy remains in force. It will cease upon Life Assured’s death during the term of the policy or upon TPD7. The Survival Benefit will be payable as follows:

Premium Payment Term (years) Policy Term (years) End of Policy Year % of Basic Sum Assured
3 12 1 to 4 7
5 to 9 8
10 to 11 18
12 20
15 1 to 7 7
8 to 12 9
13 to 14 18
15 20
5 12 1 to 4 7
5 to 9 8
10 to 11 18
12 30
15 1 to 7 7
8 to 12 9
13 to 14 18
15 30
20 1 to 7 8
8 to 17 10
18 to 19 18
20 108
30 1 to 7 8
8 to 27 10
28 to 29 18
30 93
8 20 1 to 7 8
8 to 17 10
18 to 19 18
20 138
30 1 to 7 8
8 to 27 10
28 to 29 18
30 118
10 20 1 to 9 8
10 to 17 10
18 to 19 18
20 142
30 1 to 9 8
10 to 27 10
28 to 29 18
30 122

Note: For entry ANB 66 to 70, the maximum policy term allowed is 15 years.

If the accumulation option is selected, the accumulated Survival Benefit with interest (if any) will be paid together with the Death/TPD7/Surrender/Maturity Benefit, whichever is earlier.
Maturity Benefit Upon maturity of the policy, the sum of the following is payable:
  1. 100% of Basic Sum Assured; PLUS
  2. Any bonuses10 payable on maturity; PLUS
  3. Accumulated Survival Benefit with interest (if any).
Optional Riders You may choose from the optional riders to extend your protection net, subject to additional premium and underwriting:

Optional Riders Description
PRUWaiver Plus PRUWaiver Plus ensures continuous protection without the need to pay all future premiums under PRUEnrich Gain policy if Life Assured is diagnosed with any of the 42 covered Critical Illnesses during the term of the rider or upon TPD7.
Spouse Waiver Plus Spouse Waiver Plus ensures Life Assured will continue to be protected without the need to pay all future premiums under PRUEnrich Gain 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 TPD7.
Parent Waiver Plus Parent Waiver Plus ensures Life Assured will continue to be protected without the need to pay all future premiums under PRUEnrich Gain policy up to Policy Anniversary before Life Assured attains ANB 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 TPD7.

Note: For the full list of covered Critical Illnesses and exclusions, please refer to PRUEnrich Gain Product Disclosure Sheet and Product Illustration.
Underwriting Up to GIO limit RM1,000,00011 per life – no medical underwriting requirement for entry ANB up to 70 years old.

More than GIO limit stated above or if any rider(s) is/are attached – subject to medical underwriting requirement.


7Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier. TPD Benefit is not applicable for entry ANB 70.
8105% for entry ANB 1 to 60; 101% for entry ANB 61 to 70.
9Prior to the Policy Anniversary of ANB 70 or expiry of policy, whichever is earlier.
10Bonuses consist of Terminal Bonus (TB) and Compound Reversionary Bonus (CRB) and will be paid as a lump sum upon Life Assured’s death during the term of the policy, surrender, maturity or upon TPD7, whichever is earlier. These bonuses are not guaranteed and will depend on the actual operating and investment results experienced by Prudential Assurance Malaysia Berhad (PAMB)’s participating life fund.
11Medical underwriting shall be waived if you purchase the basic plan only and shall be subjected to the aggregate Basic Sum Assured per life for all PRUEnrich Gain in forced policies within the last 36 months, where applicable.

 

Eligibility

Age of Entry Child – ANB 112 to 16
Adult – ANB 17 to 70

12For child plans, minimum entry age is 14 days.

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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 (PAMB) is a licensed insurance company and is regulated by Bank Negara Malaysia. PAMB 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 PAMB.

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 and Product Illustration for further information 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.

The premiums that you pay contribute to both the savings and protection elements of the product, e.g. death benefits. If you are looking for financial products with savings element, you may wish to compare annualised returns of this policy with the effective returns of other investment alternatives.

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.

Please refer to “Guide to Management of Participating Life Business” published on PAMB corporate website for the detailed explanation of how the participating life fund is managed.

The benefit(s) payable under eligible certificate/policy is(are) protected by Perbadanan Insurans Deposit Malaysia (“PIDM”) up to limits. 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).