PRUFamily Prestige

Underwriting Conditions

Eligible Age:

1 month – 70 years old

Coverage Period:

Until Age 85

Premium Payment Period:

5 years

Sum Assured:

A minimum of 500,000 Baht

Mode of payment:

Annually, semi-annually, quarterly, monthly

Application Type:

Ordinary Life Application

Medical Check-up:

Prudential reserves the right to request health examination, according to the underwriting guidelines

 

Benefits

Coverage Benefits

Living benefit:

At end of Policy Year the Insured reaching Age 85 – Receive maturity benefit worth 120% of the sum assured

Death benefit:

In case of loss of life during Policy Year 1-5 – Receive death benefit 100% of the sum assured

In case of loss of life from Policy Year 6 onwards – Receive 120% of the sum assured, or the policy surrender value, or all the premiums paid, whichever is the greater amount

 

Applicant can choose to buy additional coverage as follows:

  • PRURokrai Super Khum
  • PRUHealth Super Strong
  • Hospital Income Benefit

 

 

 

  • The Insured must study and understand policy terms and conditions before deciding to buy a life insurance policy.
  • It is the responsibility of the Insured to make premium payments. Life insurance brokers only facilitate the service.
  • This product is a life insurance product and is not a deposit. To secure the complete benefit of the policy contract, the policyholder should make premium payments thoroughly throughout the premium payment period as well as holding the policy contract until its maturity. In case the policy contract is terminated prior to its maturity, the policyholder is subject to risk of not getting the premium paid or not getting the premium paid back in the full amount.
  • The Insured has rights to cancel the policy within 15 days from the date of receiving it. The company will then return the outstanding premium paid after deducting for actual medical check-up expense and Company’s expense of 500 Baht per policy.
  • The Insured has right to exercise the policy surrender and get the policy surrender value in the amount equivalent to what is stated in the Policy Surrender Schedule, plus any policy benefits to be entitled to (if any) less the outstanding debts (if any).
  • Conditions for non-coverage:
    • In case of material misrepresentation or false statement, the Company shall void the policy within 2 years from the policy's effective date or renewal date or reinstatement date or the date the Company approves the increase of sum assured, only for the increased amount.
    • The Insured commits suicide within 1 year from the policy effective date, or the renewal date or the reinstatement date or the date the Company approves the increased sum assured, only for the increased amount, or is murdered by the beneficiary.
  • PRUFamily Prestige is the marketing name of “PRU Life Insurance 85/5 (Non-participating)”
  • This document is not an insurance contract. Details of coverage and exclusions are stated in the life insurance policy.

Premiums paid for life coverage can be entitled for personal income tax deduction for up to the maximum of 100,000 baht per year, subject to the Revenue Department's regulations. Premiums paid for health insurance coverage can be used to exercise for personal income tax deduction up to the maximum of 15,000 baht per year, and when combining this with premiums paid for life coverage, the tax deduction privilege must not exceed 100,000 baht per year, subject to the Revenue Department's regulations.

UOB, in its capacity as the insurance broker license number Chor 00026/2545 will facilitate the insurance transaction and premium payments only, while Prudential Life Assurance (Thailand) Public Company Limited will be responsible for providing the coverage and benefits as stated in the insurance contract.