PruSave and PruSave Limited Pay

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Life Insurance

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, for whatever that comes along.

That’s why we designed PruSave and PruSave Limited Pay. Two policies that empower you with the ability to save more while being covered for the unforeseen. So go with PruSave or Prusave Limited Pay today and welcome tomorrow with full confidence.

Choose either PruSave or PruSave Limited Pay
PruSave
Choose a policy term most comfortable for you, ranging from 10 to 45 years¹, and save monthly, quarterly, half-yearly or annually, whichever suits you best.

PruSave Limited Pay
If you prefer the flexibility of paying off your premiums within 5 (for a 10 or 15-year term),10 (for a 15 or 20-year term) or 15 years (for a 20 or 25-year term), you can opt for PruSave Limited Pay. This unique plan helps you set aside more savings while you are younger, thus easing your financial commitments when you are older. Rest easy knowing your protection carries on till your plan matures.

Benefits of PruSave & PruSave Limited Pay

Your choice of maturity payouts
- When your plan matures, you may choose to either:
  - Receive the sum assured plus bonuses² in a lump sum upon maturity or
  - Opt for yearly instalments with a choice of payout periods of over 3, 4, 10, 15 or 20 years and earn interest of 3% p.a.³ on the balance left with Prudential Singapore
Comprehensive coverage
- Rest easy knowing you are protected against Death, Terminal IIIness and Total and Permanent Disability⁴ during the policy period where 100% of the sum assured plus any accumulated bonuses² will be payable.
Adaptable options to suit your changing needs
- PruSave and PruSave Limited Pay gives you the flexibility to increase your coverage at some of life’s major milestones. You can buy another Endowment or Term policy ⁵ should you get married, become a parent or legally adopt a child, without the need for any medical examination⁶.
  
  Enjoy additional coverage with these supplementary benefits.
  - Crisis Waiver Ill , which waives your future premiums should you be diagnosed with any one of the 30 critical illnesses⁶.
  - Payer Security III , which safeguards your child’s education funds and preserves your child’s insurance cover, should you be unable to pay your premiums due to Death, Critical Illness⁶ and Total and Permanent Disability. The remaining premiums will be covered by us until your child turns 25 or at the end of policy premium payment terms, whichever is earlier.

PruSave

How PruSave can help you when you are in your first job.
- Harry, age 25 next birthday, (male, non-smoker) aims to save enough for his condominium down payment by age 35. He wants to set aside approximately $364 a month for 10 years, and receive a lump sum to finance his dream home.
  
  See how Harry’s money may potentially grow with PruSave:

PruSave
Limited Pay

How PruSave Limited Pay can work for you if you are saving for your child’s education.
- Madam Lim, age 35 next birthday, (female, non-smoker) wants to set aside approximately $517 a month for the next 10 years for her son, Benedict’s, age 1 next birthday, (male, non-smoker) university education. She wants to receive at least $65,000 upon maturity, the current estimated total fee needed for a local degree, in instalments over 4 years.
  
  See how PruSave Limited Pay can help Madam Lim achieve this:
  Mdm Lim can look forward to potential total payouts of up to $121,947^3,8.
  
  At the end of 20 years, total projected maturity benefit of $116,595⁸ will sit in an account that earns interest of 3% p.a.³, Madam Lim will receive an instalment payout that increases each year during the instalment period due to the interest earned.
  
  For as little as $0.55 a day⁹, Madam Lim can add Payer Security III to her PruSave Limited Pay plan, which ensures that Benedict’s education plans will not be jeopardised in the event that Death, Critical Illness⁷ or Total and Permanent Disability should happen to her.
How PruSave Limited Pay can work for you if you are saving for your retirement.
- Mr Tan can look forward to potential total payouts of up to $114,326^{3, 8}.
  
  Mr Tan, age 45 next birthday, (male, non-smoker) hopes to retire comfortably by setting aside $1,027 a month for the next 5 years, After 15 years, he wants to receive his maturity amount in instalments over 10 years. Mr Tan can look forward to potential total payouts of up to $114,326^{3, 8}.
  
  At the end of 15 years, a total projected maturity benefit of $99,726⁸ will sit in an account that earns interest of 3% p.a.³. Mr Tan will receive an instalment amount that increases each year during the instalment period, due to the interest earned.
  
  For as little as $0,57¹⁰ a day, Mr Tan can enhance his coverage by adding Crisis Waiver III. This benefit will ensure his retirement savings plan will continue, should he be diagnosed with any one of the 30 specified critical illnesses⁷.

To find out more, speak to a UOB Personal Banker today.

More Information

Notes

¹ For the Life Assured at entry after age 65 next birthday, only a 10- year policy term is allowed.
² Bonuses are not guaranteed and will vary according to the future experience of the participating fund.
³ Interest earned on maturity instalments are assumed at a nonguaranteed rate of 3% p.a..
⁴ 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.
⁵The sum assured of the new policy can only be up to a maximum of 25% of the original sum assured or $150,000, whichever is lower.
⁶The option to purchase a new policy can only be exercised twice in a lifetime of the Life Assured. And the maximum additional cover for these two life events can only be up to a maximum of 50% of the original sum assured or $300,000, whichever is lower. Terms and Conditions apply. Please refer to the policy document for full terms and conditions
⁷Terms and conditions apply. Please refer to the policy for the list of the 30 specified critical illnesses.
⁸The illustrated values use bonus rates assuming a projected investment rate of return of 5.25% p.a.. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.
⁹Premium quoted is based on an annual basis for a non-smoking female, age 35 next birthday, with an annual premium of $6,198 and a premium payment term of 10 years. Figures are for illustrative purposes only. Premium quoted for Payer Security III is non-guaranteed.
¹⁰Premium quoted is based on an annual premium for a nonsmoking 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. Premium quoted for Crisis Waiver III is non-guaranteed.

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. 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 product. Acceptance of the proposal is subject to underwriting. The precise terms and conditions of the above product are specified in the policy. 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 this product. In the event that you choose not to seek advice from a financial adviser, you should consider carefully whether this 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

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