PRUPrime Return

A saving plan to fulfil your goal at every stage of life

With PRUPrime Return, you’re able to build up your savings with guaranteed coupon benefits every year.  In addition, you’ll receive a lump sum maturity benefit, as well as an opportunity to get dividend at maturity*.

It is easy to apply as no health questions and no medical check-up needed.

Underwriting Conditions

Eligible Age:

1 month – 65 years old

Coverage Period:

11 years

Premium Payment Period:

6 years

Sum assured:

A minimum of 25,000 Baht

Mode of payment:

Annually

Medical Check-up:

No health questions and no medical check-up needed

 

Benefits

Living Benefit:

Receive total guaranteed benefit 624% of the sum assured

  • Receive guaranteed coupon benefit every year at the end of 1st – 10th policy year at 2% of the sum assured.
  • Receive lump sum maturity benefit 604% of the sum assured at the end of policy period.
  • Opportunity to get dividend at maturity*.

Death benefit

 

Receive a compensation of 120% of total amount of annual standard premium paid, or surrender value, whichever amount is greater.

 

*The dividend amount that the company will consider to pay to the policyholder depend on the return from long-term investment of the assets supporting the policies.

** Receive the additional benefit when deposit annual coupon with company at the rate announced on Prudential corporate website; www.prudentialco.th.  The above mentioned is non-guaranteed benefit.

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.

It is the responsibility of the Insured 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 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 500 Baht per policy for actual medical check-up expense and any other expenses.

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).

This document is not an insurance contract. Details of coverage and exclusions are stated in the life insurance policy.

PRUPrime Return is the marketing name of saving insurance plan 6/11 (participating).

Premium paid for life insurance policies with coverage period of 11 years 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 propose the insurance product, and facilitate the 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.