Prudential launched a new policy called PRUcash double reward. It is a regular premium anticipated endowment plan that gives you an annual guaranteed payout from the end of the first policy year in addition to coverage on death and Total and Permanent Disability (TPD).
SHORTER PREMIUM PAYMENT terms with LONGER CASH PAYOUT terms
PRUcash double reward offers you various plans tailored to your individual lifestyle and needs. You can choose to pay premium for 5, 10, 15 or 20 years, while enjoying benefits up to 40 years.
A simple illustration of how PRUcash double reward works
The diagram above summarises the basic structure of the PRUcash double reward for a male non-smoker, aged 35, with an annual premium of RM20,180, sum assured of RM100,000, for a 20-year policy term plan and a premium payment term of 10 years. Not only will the Annual Guaranteed Payout DOUBLE from policy year 6 onwards ,your Sum Assured.
Note:
The projected values are for illustrative purposes only. They are neither guaranteed nor based on past performance. The projected values assume current law, tax and prescribed investment returns. In this example, the policy is assumed to earn a gross investment return of 7% p.a. The projected maturity benefit received of RM222,181 is the sum of the Compounded Reversionary Bonus + Terminal Bonus + Sum Assured + final year annual guaranteed payout. Please refer to the sales illustration on the derivation of all guaranteed / projected values.
Why Double Rewards?
1. Sum Assured
For policy year up to 5 years = Initial basic sum assured
For policy year 6 onwards = 2x initial basic sum assured
2. Annual guaranteed payout
For policy year end of 1st to end of 5th year = 3% of Basic Sum Assured
For policy year end 6th year onwards = 6% of Basic Sum Assured i.e 2x the initial payout
For more info or detail explanation, please email me.
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