PRUPrime Protect

Underwriting Conditions

Eligible Age: 1 month - 65 years old
Coverage Period: Until age 99
Premium Payment Period: 10 years
Sum Assured: A minimum of 2,000,000 Baht
Mode of payment: Annually, Bi-annually, Quarterly and Monthly
Medical Check-up: Prudential Life Assurance (Thailand) PLC. reserves the rights to require a medical check-up under the company’s underwriting policy.

Benefits

Living Benefit At the end of policy year that the insured reaches age 99
Maturity benefit 150% of Sum Assured and opportunity for dividend1
Death Benefit 2
Year 1 Age 94
Death Benefit payable at least 120% of Sum Assured
Age 95 onwards
Death Benefit payable at least 150% of Sum Assured
Remarks:
1Dividend is payable from policy year 11 upon surrender, death or maturity, which is subject to participating fund’s investment return that the Company has allocated for the insured. It is a non-guaranteed benefit resulting from long-term investment return which can be higher or lower than the disclosed past investment performance.
2Death Benefit is a percentage of Sum Assured, or Surrender Value, or total amount of annual standard premium paid, whichever amount is greater.  

  • 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 a premium payment 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 full amount.
  • It is the responsibility of the policyholder to make premium payments. Life insurance brokers only facilitate the service.
  • Buyers have to study and understand policy terms and conditions before making a decision to buy a life insurance policy.
  • Conditions for non-coverage:
    • In case of material misrepresentation or false statement, the Company shall void the policy within 2 years from the policy effective date or the renewal date or the 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.
  • The assured has rights to cancel the policy within 15 days from the date of receiving it. The company will then return an outstanding premium paid after deducting 500 Baht per policy for actual medical check-up expense and any other expenses.
  • The assured has rights to surrender the policy and receive the surrender amount as specified in the surrender value table, plus other entitled benefits (if any), less outstanding debt (if any).
  • This document is not the policy contract. The details of complete coverage and non-coverage terms and conditions are specified on the policy contract.
  • PRUPrime Protect is the marketing name of life insurance product “PRU whole life 99/10 (2) (Participating)”
  • Premium paid for life insurance policies can be entitled for personal income tax deduction for up to the maximum of 100,000 Baht per year (as per the Department of Revenue’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.