PRUSecure Living

Underwriting Conditions

Eligible Age:

20 – 55 years old

Coverage Period:

Until age 75

Premium Payment Period:

8 years

Sum Assured:

A minimum of 50,000 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 Benefit1

At end of the 2nd policy year until end of policy year that the insured reaches age 59

  • Receive the annuity 5% of sum assured every two years

At end of the 2nd policy year that the insured reaches age 60, 65 and 70

  • Receive the annuity 25% of sum assured

At end of the 2nd policy year that the insured reaches age 75

  • Receive maturity benefit 100% of sum assured

Total living benefit throughout the policy term as high as 270% of sum assured

Death Benefit2

Receive a compensation of 100% of sum assured, or surrender value, or total paid amount of annual standard premium of the main policy, minus all living benefit paid, whichever amount is greater.

Remarks :
1Living Benefit, at end of the 2nd policy year until end of policy year the insured reaches age 59, receive annuity 5% of sum assured every two years.  At end of policy year that the insured reaches age 60, 65 and 70, receive annuity 25% of sum assured respectively. At end of policy year that the insured reaches 75 years, receive maturity benefit 100% of sum assured.
2Death benefit, receive a compensation of 100% of sum assured, or surrender value, or total amount of annual standard premium paid, minus all living benefit paid, whichever amount is greater.

  • 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).
  • 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.
  • PRUsecure living is the marketing name of life insurance product “Aomsab Piset Until age 75/8” (Non-participating)”

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.