PRUWealth Plus (SGD)

¹

Any withdrawal from a PRUWealth Plus (SGD) policy is a partial surrender and must be requested by the customer. Any partial surrender will result in a reduction in the long term value of the policy. If the policy is surrendered, the surrender value payable (if any) may be less than the total premiums paid.

²

Bonuses are not guaranteed and will vary according to the future performance of the participating fund.

³

Policy matures on the policy anniversary just before original primary life assured turns 130 years old.

⁴

Capital guarantee is after 10^th year only if you purchased a PRUWealth Plus (SGD) policy of single premium payment term. For a policy of 5 years and 10 years premium payment term on an annual premium payment mode, the capital guarantee is after the 15^th year and the 18^th year respectively. For a policy of 15 years and 20 years premium payment term on an annual premium payment mode, the capital guarantee is after the 19^th year. This is also provided there has not been any policy alterations such as partial surrender since inception.

⁵

If the surrender value under your policy is at least 100% of two years’ current instalment premiums, you can choose to postpone paying the premiums for up to two years or until the end of the premium payment term, whichever is shorter.

⁶

The payout computation varies depending on the chosen premium term. For single premium term, the payout is 10% of single premium and for all regular premium terms, it is based on 50% of annualised premiums. 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.

⁷

When an immediate family member of the life assured dies before the end of the premium payment term of the policy, we waive the premiums of your policy and its supplementary benefits, for up to a period of one year.

⁸

Not applicable for single premium policy paid via SRS funds. Appointment of secondary life assured is restricted to the policy owner’s immediate family members and is subject to acceptance by Prudential.

⁹

Not applicable for single premium policy paid via SRS funds. Change of life assured is subject to insurable interest with current policy owner(s). For regular premium policy, you can choose to change the life assured to another life assured only after the premium payment term of the policy. For single premium policy paid using cash, you can only choose to change the life assured after 2 years from the cover start date of the policy. Other terms and conditions apply, please refer to product summary for more details.

¹⁰

Upon the death of the primary life assured, the policy continues with cover on the life of the appointed secondary life assured instead, and no death benefit will be payable. Any supplementary benefits attached will be terminated upon the death of the primary life assured. There will be no changes to the original premium payment term or policy term,and premium payment for the policy continues (if applicable). Not applicable for single premium policy paid via SRS funds.

¹¹

For single premium policy, no add-ons of additional benefit will be allowed.

¹²

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.

¹³

The second claim will waive the premium for another five 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.

¹⁴

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

¹⁵

Crisis Waiver III waives the future premiums of the covered benefits up to the end of premium term or age 85, whichever is earlier.

¹⁶

The death and critical illness benefit covers until the policy anniversary before you turn 85 years old, or to the end of the premium payment term of the main policy, whichever event happens first. Total and permanent disability coverage will expire before the policy anniversary before the person covered under Payer Security Plus turns 65 years old, or the end of the premium payment paying term of the main policy, whichever event happens first. The waiver of premiums will be until the policy anniversary before the stated age.