PRUsave Series

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Life Insurance

Bring your financial dreams closer
Life is unpredictable. And with important milestones like getting married, buying a home, providing for your child's education and creating a retirement nest egg, you need a plan that truly helps you manage the future, as it comes along.

That's why we designed the PRUsave Series, a comprehensive suite of endowment plans that will empower you with the ability to potentially set aside more funds while giving you life insurance protection. So go with PRUsave Series today and welcome tomorrow with full confidence.

Highlights of PRUsave Series

Endowment Plan	PRUsave Series
Plan Options / Details	PRUsave	PRUsave limited pay	PRUsave max limited pay (SGD)²
Policy Term	10 - 45 years¹	10 / 15 / 20 / 25 years	10 years
Premium Paying Term	As per policy term	5 / 10 / 15 years	5 years (Guaranteed Issuance plan)
Currency	SGD		SGD²
Maturity Payout	Lump Sum upon maturity or Yearly Instalments		Lump Sum
Coverage	Death, Terminal Illness³ and Total and Permanent Disability³		Death only
Death Benefit	100% of the sum assured plus any accumulated bonuses⁴		Lower of: • 105% of total premiums paid-to-date or • Face Value plus any accumulated Bonuses⁴, less any outstanding loans (including interest).
Additional protection⁶	• Crisis Cover III • Crisis Waiver III • Payer Security III⁵		Max Protector Multiplier¹⁴

Benefits

Benefits of PRUsave Series

Choice of maturity payouts
- For PRUsave and PRUsave limited pay, you can choose to either receive the sum assured plus bonuses⁴ in a lump sum upon maturity, or alternatively, opt for yearly instalments of 3, 4, 10, 15 or 20 years while the outstanding balance will continue to earn interest at 3% per annum⁷.
Shorter commitment
- PRUsave limited pay and PRUsave max limited pay (SGD) provide you with the flexible options of setting aside more funds while you’re younger, which can ease your financial commitments when you’re older. Choose a policy term which suits you best, rest easy knowing your protection carries on till your plan matures.
Quick, hassle-free sign-up
- PRUsave max limited pay (SGD) is a guaranteed-issuance plan – so there's no need to go for a medical check-up or answer questions regarding your health matters.

Enjoy extra coverage

For PRUsave and PRUsave limited pay
Crisis Cover III	Advance the death benefit of the basic plan in a lump sum upon diagnosis of any one of the 30 specified critical illnesses⁸. This ensures you have access to funds in times of need.
Crisis Waiver III	Your remaining premium payments of the covered benefit will be taken care of upon diagnosis of any one of the 30 specified critical illnesses⁸. This ensures that your plans remain in place.
Payer Security III⁵	Safeguard your child's education fund and preserve your child's insurance coverage, should you be unable to pay your premiums due to Death, Critical Illness⁸ or Total and Permanent Disability. We will waive all future premiums for the covered benefits, until the anniversary of the first premium due date of the policy before the child turns 25 or till the end of the policy premium payment term, whichever is earlier. So that you won't have to worry about premium payments, or your child's future.

For PRUsave max limited pay
Max Protector Multiplier¹⁴	Enjoy additional coverage throughout your PRUsave max limited pay policy term when working towards your goals.

PRUsave

PRUsave Case Study

How PRUsave can help you when you are in your first job.

Harry, age 25 next birthday, (male, non-smoker) aims to accumulate enough to start a family by age 35 next birthday. He wants to set aside approximately $364¹⁰ a month for 10 years, and receive a lump sum to finance his dream home after he gets married. See how Harry’s money may potentially grow with PRUsave:

		Projected Amount Receivable at Maturity
Policy Term (Years)	Annual Premium¹⁰ (Payable for 10 years)	Guaranteed	Non- Guaranteed ⁹	Total⁹
10	$4,366 ($12 a day)	$35,000	$15,012	$50,012

The projected maturity value after 10 years could potentially be $50,012⁹
Figures are for illustrative purpose only, rounded up to the nearest dollar.

If Harry chooses to accumulate more during his first few years of working he may consider, PRUsave limited pay with a 5-year premium paying term to help him achieve his goals.

PRUsave Limited Pay

PRUsave Limited Pay Case Study

How PRUsave Limited Pay can help you with retirement planning.

Mr Tan, age 45 next birthday, (male, non-smoker) hopes to retire comfortably by setting aside $1,027¹¹ a month for the next 5 years, After 15 years, he wants to receive his maturity amount in instalments over 10 years.

		Projected Amount Receivable at Maturity
Policy Term (Years)	Annual Premium¹¹ (Payable for 5 years)	Guaranteed	Non- Guaranteed⁹	Total⁹
15	$12,322 ($34 a day)	$63,500	$36,226	$99,726

Projected Amount Receivable at Maturity
Year	Guaranteed	Non-Guaranteed⁷	Total⁷
1	$6,350	$3,623	$9,973
2	$6,350	$3,922	$10,272
3	$6,350	$4,230	$10,580
4	$6,350	$4,547	$10,897
5	$6,350	$4,874	$11,224
6	$6,350	$5,211	$11,561
7	$6,350	$5,558	$11,908
8	$6,350	$5,915	$12,265
9	$6,350	$6,283	$12,633
10	$6,350	$6,663	$13,013

At the end of 15 years, a total projected maturity benefit of $99,726⁹ will sit in an account that earns interest of 3% p.a.⁷. Mr Tan will receive an instalment amount that increases each year during the instalment period, due to the interest earned.

Mr Tan can look forward to potential total payouts of up to $114,326^7,9.

For as little as $0.56¹² a day, Mr Tan can enhance his coverage by adding Crisis Waiver III. This benefit will ensure his retirement plan will continue, should he be diagnosed with any one of the 30 specified critical illnesses⁸.

PRUsave max limited pay

PRUsave Max Limited Pay Case Study

How PRUsavemax limited pay can work for you if you are buying a new property.

Mr Lee (aged 35 on his next birthday, non-smoker) sets a target to accumulate enough for his condominium down payment when he reaches 45 age next birthday. He would like to set aside approximately $1,005¹³ per month for 5 years, so that he can receive the maturity proceeds in a lump sum for his dream home.

Take a look at how PRUsave max limited pay can work for Mr Lee:

				Projected Amount Receivable at Maturity
Annual Premium¹³	Payable for	Policy Term	Total Premiums Payable	Guaranteed	Non- Guaranteed⁹	Total⁹
$12,053	5 years	10 years	$60,261	$54,000	$18,647	$72,647

Figures are for illustrative purposes only, rounded up to the nearest dollar.

More Information

Notes

PRUsave Series is a plan underwritten by Prudential Assurance Company Singapore (Pte) Ltd (“Prudential Singapore”).
¹ For the Life Assured at entry after age 65 next birthday, only a 10-year policy term is allowed.
² PRUsave Max Limited Pay (SGD) is also available in USD. Please speak to a UOB Personal Banker for more details.
³ Policy provides coverage against Terminal Illness (“TI”) and Total and Permanent Disability (“TPD”) during the term of the policy, and before the anniversary of the policy on which the Life Assured will attain the age of 65. The Life Assured cannot claim for both TI and TPD. If TPD occurs before age 1, 20% of the sum assured will be payable in one lump sum and the policy terminates. In the event of any payout, the amount will be less off policy outstanding loans (if any).
⁴ Bonuses are not guaranteed and will vary according to the future experience of the participating fund.
⁵ Payer Security III is available on a policy where the policyowner is a parent/legal guardian paying the policy premiums.
⁶ For full list of supplementary benefits (with additional premium), please speak to a UOB Personal Banker.
⁷ Interest earned on maturity instalments are assumed at a non-guaranteed rate of 3% p.a..
⁸ Terms and conditions apply. Please refer to the policy document for the list of the 30 specified critical illnesses.
⁹ Non-Guaranteed Amount illustrated uses bonus rates assuming a projected investment rate of return of 5.25% p.a., rounded up to the nearest dollar. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating funds.
¹⁰ Premium quoted is based on an annual basis for a non-smoking male, age 25 next birthday, with an annual premium of $4,366 and a premium payment term of 10 years. The monthly premium of $364 is calculated based on the annual premium divided by 12 months and rounded up to the nearest dollar.
¹¹ Premium quoted is based on an annual premium for a non-smoking male, age 45 next birthday, with an annual premium of $12,322 and a premium payment term of 5 years. Figures are for illustrative purposes only.
¹² Premium quoted for Crisis Waiver III is non-guaranteed.
¹³Premium quoted is based on an annual basis for a non-smoking male, age 35 next birthday with an annual premium of $12,053 (rounded up to the nearest dollar) for 5 years and a Face Value of $54,000. The monthly premium of $1,005 is calculated based on the annual premium divided by 12 months and rounded up to the nearest dollar.
¹⁴Max Protector Multiplier can also be attached to PRUsave limited pay with 5 years premium paying term.

IMPORTANT NOTICE AND 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. This marketing material is not a contract of assurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the above insurance products. Acceptance of the proposal is subject to underwriting. The precise terms and conditions of the above insurance products 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 may wish to seek advice from a financial adviser 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 the insurance product is 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 and services 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

February 2013

Insurance