PRU888

Underwriting Conditions

Eligible Age:

1 month - 65 years old

Coverage Period:

Until age 88

Premium Payment Period:

8 years

Sum Assured:

A minimum of 200,000 Baht

Mode of payment:

Annually

Medical Check-up:

No medical check-up or answering health questions required.
Prudential Life Assurance (Thailand) PLC. reserves the rights to require a medical check-up under the company’s underwriting policy.

Benefits

Living Benefit1

  • At end of the 1st policy year until end of policy year that the insured reaches age 87, receive the coupon payout at 8% of initial sum assured. 
  • The maturity benefit at age 88 is 888% of initial sum assured.

Death Benefit


Death benefit (not from accident) 2, for the 1st policy year, receive a compensation of 100% of initial sum assured. The benefit increases 100% of initial sum assured every year until 8th policy year, up to the maximum of 800% of initial sum assured.
Death benefit (from accident) sup>3, for the 1st policy year, receive a compensation of 800% of initial sum assured.  The benefit increases 800% of initial sum assured every year until 8th policy year, up to the maximum of 6400% of initial sum assured.


Warning for PRU888

  1. Conditions for non-coverage*:
    • 1.1 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.
    • 1.2 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.

      *Please refer to the conditions for non-coverage as specified in the policy contract
  1. 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.
  2. 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).
  3. This document is not the policy contract. The details of complete coverage and non-coverage terms and conditions are specified in the policy contract.
  4. The assured should understand that PRU888 is the marketing name of PRU life insurance 88/8 (Non- participating) which must be bundled with ADB 88/8.
  5. 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.
  6. It is the responsibility of the policyholder to make premium payments. Life insurance brokers only facilitate the service.
  7. Buyers have to study and understand policy terms and conditions before making a decision to buy a life insurance policy.

 

Only for applicants who are male aged 23 onwards or female aged 30 onwards: Premium paid for life insurance policies with coverage period of 10 years and above 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.