Prudential PRUFlexi cash – Insurance savings plan with cash benefits
Choose to save for 15, 20 or 25 years with yearly cash benefit after the end of the 2nd policy year.
A long-term insurance savings plan that offers you financial flexibility with yearly cash benefit which you can choose to accumulate for higher returns.
Life has a habit of springing surprises on you. So it’s good to know you’re prepared in the event you need to access your savings.
Prudential PRUFlexi Cash is a long-term insurance savings plan that offers you protection against unforeseen circumstances, and gives you the flexibility to use your Yearly Cash Benefit for your lifestyle needs such as pampering your loved ones with a holiday, whenever you need. If you choose not to use the Yearly Cash Benefit, you can accumulate it with Prudential for an annual interest
| Prudential PRUFlexicash (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| 100% Principle guaranteed at maturity | X | |
| Partial withdrawal/ cash benefits | ||
| General savings feature(s) | Yes | No |
| Short premium/ savings terms (less than 5 years) | X | |
| Long-term/ lifetime wealth accumulation | X | |
| Health and Insurance Coverage(s) | Yes | No |
| Bundled with death/ TI/ TPD and/or CI coverage | X | |
| Guaranteed issurance irregardless of health | X | |
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Yearly cash benefits from the 2nd year onwards | ||
| Options to accumulate cash benefit | ||
| Purchase this plan with no medical underwriting | ||
Additional product feature(s) on Prudential PRUFlexi cash
Detailed features and unique selling points of Prudential PRUFlexi cash:
Guaranteed yearly cash benefit after two years
- Receive 5% of the sum assured as guaranteed yearly cash benefit after the of the second policy years.
Options to accumulate cash benefit
- Spend the cash benefit or accumulate it with Prudential at an interest rate of up to 3% p.a.
No medical underwriting required
- You can purchase this plan irregardless of your health condition with no medical checkup required (If riders are not taken up).
Additional riders for Prudential PRUFlexi cash
The following riders can be added on to your Prudential PRUFlexi cash 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 Prudential PRUFlexi cash?
Prudential PRUFlexi cash is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Prudential PRUFlexi cash is suitable for
- Cash liquidity and withdrawal for your savings plan
- 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 PRUFlexi cash is not suitable for
- Income for a lifetime (Retirement Plan)
- High death, disability or critical illness coverage (Whole Life, Term Life)
- One-time single premium commitment
- High surrender value in the early years of the policy
Sample policy illustration for Prudential PRUFlexi cash
Coming soon.
Learn more about Prudential PRUFlexi cash
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