Your policy protects you against the financial difficulties, which may arise due to uncertain health conditions or situations. When these unfortunate incidents happen, you want a peace of mind.
Keeping yourself covered against uncertainty is probably the best gift you can give yourself and your loved ones.
At Prudential, we offer you a few options in sustaining your policy even in the midst of financial uncertainty. These options may differ depending on your policy conditions.
For advice and more information on which option applies to your policy and is most suitable for your needs, please contact your Financial Representative. Alternatively, you can fill out the “Customer Enquiry Form” via https://www.prudential.com.sg/contactus, and we will reach out to you as soon as possible.
Non-Investment Linked policy
With no surrender value
- Lower your coverage and/or supplementary benefits to reduce premium payable
- Pay your premium monthly instead of yearly (or other frequencies) to spread out your premium payments
With surrender value
- Lower your coverage and/or supplementary benefits to reduce premium payable
- Pay your premium monthly instead of yearly (or other frequencies) to spread out your premium payments
- Convert your policy to a paid-Up policy
- Take a loan from your policy and repay the loan when you are able to
- Convert all or part of your reversionary bonus to cash
- Withdraw part of the accumulated cash benefit
- Activate the Automatic Premium Loan feature for future premium payments
Investment Linked policy
With no surrender value
- Lower your supplementary benefits to reduce premium payable
- Pay your premium monthly instead of yearly (or other frequencies) to spread out your premium payments
- Reduce your regular premium
With surrender value
- Lower your supplementary benefits to reduce premium payable
- Pay your premium monthly instead of yearly (or other frequencies) to spread out your premium payments
- Reduce your regular premium
- Redeem some units available in your policy to obtain cash
- Utilise units available in your policy to pay premiums
PRUShield Policy
- Downgrade to a lower plan to reduce premium payable
- Pay your rider premium monthly instead of yearly (or other frequencies) to spread out your premium payments.