UOB Reward Link

Overview

Eligible Age:

1 month – 65 years old

Coverage Period:

Until age 99

Premium Payment Period:

Until age 99

Regular Premium:

Minimum 100,000 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

Loyalty Bonus

  • Completing the first 5-year regular premium payments will be eligible for loyalty bonus, up to 15% of regular premium
  • Continue completing the first 10-year regular premium payments will be eligible for another loyalty bonus, up to 19% of regular premium.

        (Terms and conditions apply.)

If the insured reaches policy maturity date and the policy is still in-force and effective, the company shall pay the total redemption value** (with bid prices at the next working day after maturity date).

Death Benefit

The company shall pay the following amounts to the policy beneficiaries:

  • Sum assured, together with
  • Total redemption value** (both from the regular premium and the Top Up premium (if any))

However, if an insured dies because of an accident (one of the following events):

  • An insured dies because of an accident within 180 days from the date of accident or
  • An insured has injured and been admitted as an inpatient because of an accident, and dies from the accident

The company shall pay additional Sum assured of the accidental death benefit to the policy beneficiaries.

Premium

Type of Premium

Minimum Premium

Maximum Premium

Regular Premium1

100,000 Baht/year

Unlimited

Top Up Premium2

5,000 Baht/time

120 million Baht/year

1Regular Premium is the premium amount stated in the policy illustration page.
2Top Up Premium is any premium paid when the policy is in-force and not during a premium holiday (except regular premium and rider premium (if any)). Minimum and maximum amounts are subject to terms and conditions.

Fee and charges

Fee and charges

Regular Premium

Top Up Premium

Premium Charge

Percentage of regular premium:
Premium year 1 : 8%
Premium year 2 : 5%
Premium year 3-5 : 3%
Premium year 6 onward : No

1.5%

Administration Fee

0.0625% per month via auto unit value redemption

Insurance Charge

  • Cost of Insurance – Life coverage
    Based of age and gender, with reference to Thai mortality table 2560 via auto unit value redemption
  • Cost of Insurance Accidental Death Benefit (ADB) coverage
    Based of age and occupation class, with reference to annual ADB rates attached to the policy

No

Withdrawal / Surrender Charge

Percentage of redemption value (varied by premium year):
Premium year 1 : 50%
Premium year 2 : 40%
Premium year 3 : 25%
Premium year 4 : 15%
Premium year 5 : 10%
However, withdrawal/surrender charge will not be applied one year after completing 5 years of premium.

No

Fund Switching Fee

Free fund switching unlimited times

Financial Statement Report

Free twice a year (Jun and Dec)
50 Baht per additional report

*Terms and conditions apply.
**An insured will receive the total redemption value within 5 days after the company has proceeded transactions.

  • It is a responsibility of an insured to make premium payments. Life insurance brokers only facilitate the service.
  • An insured 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.
  • Non-coverage conditions:
    • 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.
    • An 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.
  • Example of accidental death benefit exclusions***
    • Actions of the Insured whilst under the influence of alcohol or drugs of harmful nature to the extent of being incapable of controlling senses.
      The term “under the influence of alcohol” in case of having a blood test refers to a blood/alcohol level of 150 mg percent and over.
    • Whilst the Insured is driving or riding as a passenger on a motorcycle.
    • Whilst the Insured is boarding or alighting from or travelling as a passenger in an aircraft not licensed for carriage of passengers and not operated by a commercial airline.
    • Whilst the insured quarrel and fight, or has provoke a controversy
    • Whilst the Insured is performing duties as a member of armed forces or police or as a volunteer in war or crime suppression.
      *** Please refer to the full accidental death benefit exclusions in the policy.
  • Applicants must study and understand policy terms and conditions before deciding to purchase insurance. After receiving the policy contract, please read the policy details, terms and conditions.
  • This is a unit linked insurance product, not a bank deposit, subject to investment risk, and does not guarantee principal. Applicants must study and understand product features, return conditions, and risks, together with fund prospectus before deciding to purchase and invest in the policy. However, investment return may affect the policy coverage period.
  • Premium, only life coverage part (excluding accidental death coverage and investment parts), is eligible for tax-deductible benefit up to THB 100,000 per year, in accordance with the terms and conditions prescribed by the Revenue Department.
  • ‘UOB Reward Link’ is a marketing name of the unit linked product ‘PRUunit linked 13.’

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.