HIGH PROTECTION COVERAGE
New insurance plan to help Malaysians secure a legacy for their family’s future.
PROPER financial planning and management by families is crucial in establishing long term financial security for future generations.
Bearing this in mind, Prudential Assurance Malaysia Bhd (PAMB) has launched a new investment-linked insurance plan, PRUmillion cover, to help Malaysians safeguard against life uncertainties and secure a legacy for their family’s financial future.
“Our mission is to provide financial freedom and peace of mind for all Malaysians.
“Helping Malaysians prepare for the unexpected is at the core of what we at Prudential do. We recognise the importance of financial stability and security for a happy family.
“PRUmillion cover will be able to provide long term financial coverage to our customers, protecting what matters most to them and their families,” said PAMB chief customer and marketing officer Eric Wong.
PRUmillion cover is a legacy solution that has flexible premium payment term options to suit customers’ preference and priorities in life.
The plan, when in force, provides insurance protection of 100% of the Basic Sum Assured and cash value in the unfortunate event of death up to age 100, total and permanent disability and up to four times the Basic Sum Assured for accidental death.
Another attractive feature is the loyalty rewards, under which policyholders are rewarded with Loyalty Bonus equivalent to RM1 per RM1,000 of the Basic Sum Assured once every two years starting from the beginning of 10th policy year.
Policyholders will also enjoy a further one-off Loyalty Booster equivalent to 8% of the Basic Sum Assured on the Policy Anniversary Date when they reach age 70, 80 or 90 depending on their entry age.
In addition to high protection coverage, PRUmillion cover provides policyholders with the opportunity to grow their money and diversify their exposure by investing in a portfolio of 12 local PRUlink funds and PRUlink global funds, managed by Eastspring Investments Bhd.
With its No-Lapse Provision, PRUmillion cover allows policyholders to enjoy continuous protection during the first crucial 72 months regardless of market performance.
Wong added, “While saving for retirement is important, there is an increasing concern among
PRUmillion cover provides policyholders and their nominated family members with comprehensive coverage and access to a wide choice of professionallymanaged local and global funds.
Malaysians on the future of their children.
“A lot of parents ask these questions – is my family going to be financially secure without me? Will my family suffer financial hardship should an unfortunate event happen to me?
“This highlights the need for a financial protection plan, such as PRUmillion cover which provides policyholders and their nominated family members with comprehensive coverage and access to a wide choice of professionally-managed local and global funds.”
PRUmillion cover is available at United Overseas Bank (Malaysia) Bhd (UOB Malaysia) branches nationwide.
UOB Malaysia managing director and country head of Personal Financial Services Ronnie Lim, said, “Our customers would benefit from insurance plans that not only protect them against unexpected events, but also provide them with longer-term security by ensuring their financial legacy is passed to the next generation.
“The addition of PRUmillion cover to UOB Malaysia’s existing suite of bancassurance products is part of our commitment to provide our customers with financial solutions that support their lifestyle needs.”
PAMB has also introduced PRUway plus – a new mobile Pointof-Sales application for its bancassurance products.
PRUway plus offers instant electronic submission of proposal forms which is faster and convenient, and it can be done anywhere, at anytime.
“With PRUway plus, we want to offer convenience, speed and security to customers. The system is user-friendly and offers data protection via online tracking of the proposal and ensuring no data loss in transit,” concluded Wong.