PRUWealth III (SGD)

¹Any withdrawal from a PRUWealth III (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. 

²Bonuses are not guaranteed and will vary according to the future performance of the participating fund.

³Policy matures on the policy anniversary before original primary life assured turns 110 years old.

⁴Capital guaranteed is after 10th year only if you purchased a PRUWealth III (SGD) policy of single premium payment term. For a policy of 5 years, 10 years, 15 years and 20 years premium payment term on an annual premium payment mode, the capital guaranteed is after 15th year, 18th year, 19th year and 20th year respectively. This is also provided there has not been any policy alterations such as partial surrender since inception.

⁵If 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.

⁶When an immediate family 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.

⁷Appointment of secondary life assured is restricted to the policy owner’s immediate family members and is subject to acceptance by Prudential.

⁸ Change of life assured is subject to insurable interest with original 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, you can only choose to change the life assured after 2 years from the cover start date of the policy.Other terms and condition applies, please refer to product summary and policy contract for more details.

⁹ 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).

¹⁰ For single premium policy, no add-ons of additional benefit will be allowed.

¹¹After 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.

¹²The 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.

¹³If there was a successful claim under early-stage medical conditions, the Intermediate Stage Medical Conditions Benefits only waives 5 years of future premiums.

¹⁴Crisis Waiver III waives the future premiums of the covered benefits up to the end of premium term or age 85, whichever is earlier.

¹⁵The 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.

You are recommended to read the product summary and seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or 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 the supplementary benefit are not guaranteed and may be adjusted based on future claims experience.

The information on this website 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.

The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.

In case of discrepancy between the English and Mandarin versions of the product brochures, the English version shall prevail.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

Information is correct as of 1 June 2022.

This advertisement has not been reviewed by the Monetary Authority of Singapore.