PRULifetime Income Plus

¹

Death Benefit will be the higher of (i) 101% of total premiums paid (excludes premiums paid for supplementary benefits (if any)); or (ii) 101% of the surrender value as at the time of death, plus any cash benefit left with us, less any amounts you owe us.

If death is due to an accident, the Accidental Death Benefit will be the higher of (i) 105% of total premiums paid (excluding premiums paid for supplementary benefits (if any)); or (ii) 101% of the surrender value as at the time of death, plus any cash benefit left with us, less any amounts you owe us.

²

When there is no change in life assured.

³

The interest rate is not guaranteed and is subject to change.

⁴

Waiting period of 90 days applies. Payable during the premium payment term when the policyowner is retrenched and remains unemployed for 30 continuous days from the date of retrenchment before turning 65 years old. The retrenchment benefit payment amount is subject to a maximum of S$100,000 for each policyowner, across all policies owned by them, that have a retrenchment benefit.

⁵

After the end of the early stage premium waiver period, premium payment for the covered benefits will resume, but the premiums for the Early Stage Crisis Waiver will continue to be waived.

⁶

The second claim will waive the premium for another 5 years. This is provided the second claim is not for the same medical condition as the first claim, and it does not fall within the same category of the first early stage medical condition.

⁷

If there was a successful claim under early stage medical conditions, the Intermediate Stage Medical Conditions Benefits only waives 5 years of future premiums.

⁸

Total and permanent disability coverage is up to the policy anniversary on which the person covered under Payer Security Plus turns 65 years old.

⁹

The waiver of premiums will be until the policy anniversary before the stated age.