PRUwealth

Grow your savings, surely and securely

In this environment of rising costs and inflationary pressures, wouldn't it be ideal if your savings continue to earn healthy returns and counter the impact of inflation in the long term?

PRUwealth allows you to do just that1. PRUwealth ensures that your capital remains intact in the long term after the 20th year1, while giving you potentially higher returns. Best of all, you will see real growth in your PRUwealth plan without having to worry about market volatility1.

key benefits

How it works

How PRUwealth works:
Mr Tan (male, non-smoker), age 40 next birthday, wants to start a long-term insurance savings plan by setting aside S$5,000 per year for 10 years10, and also wants to have the option of withdrawing4, some portion of his money whenever there is a need.

Scenario 1:

How PRUwealth works if Mr Tan plans to save on a long-term basis
Mr Tan chooses to accumulate his savings without making any withdrawals, so he could have more when he decides to surrender his policy at a later age. He will get S$127,7869 (more than 2X of his premiums paid) at age 70, S$159,8659 (more than 3X of his premiums paid) at age 75, or S$236,5749 (more than 4X of his premiums paid) at age 85 when he chooses to surrender the plan.

Scenario 2:

How PRUwealth works if Mr Tan plans to withdraw from his policy
At age 62, Mr Tan plans to withdraw S$30,000 to celebrate the start of his retirement by taking up a dream hobby. At age 70, he decides to withdraw another S$20,000 as a gift for his newborn grandson. He then decides to surrender his policy at age 85 so that he can pass his savings to his loved ones, and the surrender value for his policy will be S$123,7619.

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PRUwealth



How the Par Fund Works


Footnotes:

  1. This is provided there has not been any policy alterations such as partial surrender since inception.
  2. Policy matures on the policy anniversary before original primary life assured turns 100 years old.
  3. The maturity benefit, comprising face value plus bonuses (if any), less any amount owing, is payable in lump sum upon maturity. Bonuses are not guaranteed and will vary according to the future performance of the participating fund.
  4. Any withdrawal will result in a reduction in the long term value of your policy. If you surrender the policy, the surrender value payable (if any) may be less than the total premiums paid.
  5. Appointment of secondary life assured is restricted to the policy owner's immediate family members and is subject to acceptance by Prudential.
  6. Upon the death of the primary life assured, the policy continues to cover the life of the appointed secondary life assured, 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).
  7. If the primary life assured or policy owner adds an optional supplementary benefit, medical check-ups or answering health-related questions may be required.
  8. Payout of Death Benefit only takes place if there is no appointment of a secondary life assured.
  9. The illustrated values use bonus rates assuming a projected investment rate of 4.75% p.a.. As bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.
  10. Premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, with a Face Value of $52,100.
  11. Assuming a projected bonus rate of 4.75% p.a.. Bonus rates are not guaranteed and the actual benefits payable will vary according to the future performance of the participating fund.
  12. Other supplementary benefits are available for this plan.

Important Notice & Disclaimers
Buying a life insurance policy is a long term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some supplementary benefits are not guaranteed and may be adjusted based on future claims experience. This marketing material is for reference only and is not a contract of assurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the products stated herein. The precise terms and conditions, specific details and exclusions applicable to these insurance products stated herein are specified in the respective policy documents. The above is for general information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You are recommended to read the policy documents and to seek advice from a financial adviser with regards to your specific investment objectives, financial situation and any of your particular needs before making a commitment to purchase any insurance products. In the event that you choose not to seek advice from a financial adviser, you should consider carefully whether any of the insurance products is/are suitable for you. In case of inconsistency between the English and Chinese versions, the English version shall apply and prevail. United Overseas Bank Limited does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products stated herein are provided by Prudential Assurance Company Singapore (Pte) Limited.

United Overseas Bank Limited Co. Reg. No. 193500026Z
Prudential Assurance Company Singapore (Pte) Limited Reg. No. 199002477Z
Information is correct as at 4 August 2016.