Prudential PRUActive Saver – Save for the milestones in your life.
Save small amounts over a longer period, or large amounts for a shorter duration.
Prudential PRUActive Saver – A flexible savings plans that allows u to save a single sum or up to 30 years and get a lump sum payout from the 5th to 30th year.
We all have goals to achieve during the different seasons of our lives. It can be your child’s education, a new home, or to fund your retirement plans. Whatever goals you set, PRUActive Saver lets you customise your insurance savings plan to help you achieve your goals. You can now choose how much savings you want to set aside every month, how long you want to save for, and exactly when you want your maturity payout to be
Premium Term: Single premium or regular premium from 5 to 30 years
Policy Term: 10 to 30 years
| Prudential PRUActive Saver (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| 100% Principle guaranteed at maturity | X | |
| Partial withdrawal/ cash benefits | X | |
| General savings feature(s) | Yes | No |
| Short premium/ savings terms (less than 5 years) | ||
| Long-term/ lifetime wealth accumulation | ||
| Health and Insurance Coverage(s) | Yes | No |
| Bundled with death/ TI/ TPD and/or CI coverage | ||
| Guaranteed issurance irregardless of health | ||
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Wide range of premium term | ||
| Flexible policy term | ||
| Financial protection against Death | ||
| No medical underwriting required | ||
Additional product feature(s) on Prudential PRUActive Saver
Detailed features and unique selling points of Prudential PRUActive Saver:
Wide range of premium term
- Choose between making a single lump-sum premium or choose to spread your premium over 5 to 30 years.
Flexible policy term
- Choose a policy term from 10 to 30 years and receive your maturity payout exactly on the day you wish to receive it.
Financial protection against Death
- Receive the higher of either 105% of the total premiums paid up to the time of death, or 101% of the surrender value.
No medical underwriting required
- You can purchase this plan irregardless of your health condition with no medical checkup required.
Additional riders for Prudential PRUActive Saver
The following riders can be added on to your Prudential PRUActive Saver at an additional cost:
- Crisis Waiver III – Waiver of premiums upon diagnosis of any one of the 35 covered critical illnesses.
- Early Stage Crisis Waiver – Waiver of premiums for five years upon diagnosis of early-stage medical conditions and allows a claim for a second time. Waiver of premiums for up to10 years upon diagnosis of intermediate stage medical conditions.
- Payer Security Plus – Waive the premiums of your spouse’s or child’s policy in the event that death, total and permanent disability or critical illness should strike you. This benefit covers you up to the end of the premium term or when you turn 85, whichever is earlier.
Who should take up a Prudential PRUActive Saver?
Prudential PRUActive Saver is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Prudential PRUActive Saver is suitable for
- Mid to long term wealth enhancement
- Mid to long term savings commitment period
- Hassle-free application without medical underwriting (if riders are not taken up)
Prudential PRUActive Saver is not suitable for
- Income for a lifetime (Retirement Plan)
- High death, disability or critical illness coverage (Whole Life, Term Life)
- High surrender value in the early years of the policy
- Cash liquidity and withdrawal for your savings plan
Sample policy illustration for Prudential PRUActive Saver
Coming soon.
Learn more about Prudential PRUActive Saver
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