We understand you want to receive rewards sooner even as you save. PRUflexi rewards

Transcription

1 SAVE SAVE We understand you want to receive rewards sooner even as you save PRUflexi rewards

2 We know that you re always on the lookout for ways to manage your future and grow your savings. Be it for a marriage, buying a house or even saving for your children s education, growing your savings for these purposes can be immensely fulfilling. Nonetheless, we also know that it will not be easy and requires great discipline, and there will be times when you want to pamper and reward yourself even while fulfilling your goals. PRUflexi rewards is an endowment plan designed to give you ly CashBacks 1, empowering you to save and indulge all at once. It also provides you with coverage against unforeseen circumstances. Get more with ly CashBack 1 In addition to a Guaranteed ly CashBack, you will receive a non-guaranteed ly CashBack projected to be 20% 1 of your Guaranteed ly CashBack starting after the 2 nd Policy Anniversary. Flexibility of premium terms You can choose a policy term of 15 or 25 years that best suits your financial goals and savings needs. Enjoy financial flexibility with a choice of payout options You can choose to receive your ly Cashbacks 1 in a number of ways: If your policy term is 15 years, you can choose to receive your Guaranteed ly CashBack starting after the 2 nd Policy Anniversary up to one year before the policy matures 2, and non-guaranteed ly CashBack starting after the 2 nd Policy Anniversary up to the 5 th Policy Anniversary. If your policy term is 25 years, you can choose to receive your Guaranteed ly CashBack starting after the 2 nd Policy Anniversary up to one year before the policy matures 2, and non-guaranteed ly CashBack starting after the 2 nd Policy Anniversary up to the 10 th Policy Anniversary.

3 Accumulate all your Guaranteed and non-guaranteed ly CashBacks to the end of the policy term and receive your maturity payout and bonus 3 in a lump sum. Enjoy a non-guaranteed interest of 3% 4 per annum on the amount accumulated. Coverage against the unforeseen In the event of Death, Disability 5 or Terminal Illness 5, you or your loved ones will receive 110% of your paid premiums. Enhance your plan for greater coverage You can ensure that you and your family are covered more extensively by including these supplementary benefits: Comprehensive Personal Accident III provides an additional lump sum in the event of Accidental Death and Dismemberment. This supplementary benefit also gives you the option 6 to be reimbursed for your medical expenses incurred as a result of an accident, or receive a weekly income when you are unable to work in all duties of your usual occupation due to an accident. Early Stage Crisis Waiver waives the premium payments for a fixed period 7 upon diagnosis of Early or Intermediate Stage Medical Conditions, so you can concentrate on your treatment. Crisis Waiver III waives the remaining premium payments 8 upon the diagnosis of any of the 35 listed Critical Illnesses, and ensures that your financial plan remains in place. Early Payer Security, which waives the premium payments for a fixed period 7 upon diagnosis of Early or Intermediate Stage Medical Conditions, so that you need not worry about your loved ones losing coverage while you concentrate on your treatment.

4 Payer Security III / Payer Security Plus safeguards your loved one s policy in the event that Death, Critical Illness or Total and Permanent Disability strikes you. Payer Security III waives the remaining premiums of your child s policy till the policy anniversary before he or she turns 25, or the end of the premium payment term, whichever is earlier. Payer Security Plus provides a longer benefit term and it waives the remaining premiums of your loved one s policy until the policy anniversary before you reach 85, or the end of premium payment term, whichever is earlier. How PRUflexi rewards works: Mr. Lim, non-smoker, aged 30 on his next birthday, is looking for a plan that helps him to save for the future while giving him financial flexibility to pursue his current needs. By setting aside $2,539 9 annually for 25 years, Mr. Lim can look forward to receiving a ly CashBack 1 of $1,800 after the 2 nd Policy Anniversary. 13 to Policy Anniversary Customer receives non-guaranteed ly CashBack of up to 20% of Guaranteed ly CashBack Non-guaranteed ly CashBack 1 Guaranteed ly CashBack 1 Maturity Benefit 2 (Maturity Bonus and Guaranteed ly CashBack) This diagram is for illustrative purposes only and is not drawn to scale.

5 End of Policy Annual Premium 9 Projected Amount 10 receivable at end of each Policy Anniversary Guaranteed 1 Nonguaranteed 1 Total 1 $2, $2,539 $1,500 $300 $1,800 3 $2,539 $1,500 $300 $1,800 4 $2,539 $1,500 $300 $1,800 5 $2,539 $1,500 $300 $1,800 6 $2,539 $1,500 $300 $1,800 7 $2,539 $1,500 $300 $1,800 8 $2,539 $1,500 $300 $1,800 9 $2,539 $1,500 $300 $1, $2,539 $1,500 $300 $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1,500

6 End of Policy Annual Premium 9 Projected Amount 10 receivable at end of each Policy Anniversary Guaranteed 1 Nonguaranteed 1 Total 22 $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 - $1, $2,539 $1,500 $46, $47,688 Total $63,475 $36,000 $48,888 $84,888 Call your Prudential Financial Consultant or our PruCustomer Line at today, or visit Footnotes: 1. ly Cashback consists of a Guaranteed and non-guaranteed ly CashBack. The Guaranteed ly CashBack is a payout amount selected by the customer and starts after the 2 nd Policy Anniversary. The non-guaranteed ly CashBack is projected to be 20% of the Guaranteed ly CashBack, starting after the 2 nd Policy Anniversary and is payable yearly up to the 5 th Policy Anniversary for policies with a term of 15 years, and payable up to the 10th Policy Anniversary for policies with a term of 25 years. 2. A maturity benefit is payable on maturity of the policy. For a policy with a 15 year term, the maturity benefit consists of 11 times the Guaranteed ly CashBack plus a non-guaranteed maturity bonus. For a policy with a 25 year term, the maturity benefit consists of the final Guaranteed ly CashBack plus a non-guaranteed maturity bonus. 3. Bonus is not guaranteed and will vary according to the future performance of the participating fund. 4. The interest rate is not guaranteed and is subject to change according to prevailing market conditions.

7 5. Policy provides coverage against Terminal Illness and Total and Permanent Disability before the cover expiry date, which is the policy anniversary on which the Life Assured is aged 65 next birthday, or the end of the policy term, whichever is earlier. The Life Assured can claim for either Terminal Illness or Total and Permanent Disability, but not both. 6. Optional benefits of Medical Reimbursement III and Weekly Income III can be added to Comprehensive Personal Accident III. 7. Upon diagnosis of Early or Intermediate Stage Medical Conditions, the future premiums of the covered benefits will be waived for 5 years or 10 years respectively, or the remaining premium payment term, whichever is shorter. The maximum premium waiver period is 10 years, after which the benefit terminates and premium payment for the covered benefits resumes. 8. Future premiums of the covered benefits are waived up to age 85 or until the end of the premium payment term, whichever is earlier. 9. Annual premium quoted (rounded up to the nearest dollar) is based on a male, non-smoker, age 30 next birthday, with a selected Guaranteed ly CashBack of S$1, The illustrated values uses the bonus rate and non-guaranteed ly CashBack rate assuming a projected investment rate of return of 4.75% per annum for the participating fund. As the bonus rates and non-guaranteed ly CashBacks are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund. The illustrated value also includes interest accumulated at a non-guaranteed interest rate of 3% per annum when ly CashBacks are accumulated. Note: 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 of the supplementary benefits are not guaranteed and may be adjusted based on future claims experience. You are recommended to seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs. This brochure is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy documents that can be obtained from your Prudential Financial Consultant. In case of discrepancy between the English and Mandarin versions of this brochure, the English version shall prevail. Information is correct as at 11 August 2015.

8 SAVE Prudential Assurance Company Singapore (Pte) Limited. (Reg. No Z) 30 Cecil Street #30-01 Prudential Tower Singapore Tel: Fax: Part of Prudential plc