PRUAssure Link

PRUAssure Link

The first-ever life insurance plan linked to your happiness and secured certainty

Link Happiness. Lock Certainty.
Maximise the wealth you pass on.

Product Highlights

Maximize the wealth you leave behind for your loved ones

Maximize the wealth you leave behind for your loved ones

Receive sum assured of regular premium + 1) Wealth Assure Value2, or 2) Redemption value, or 3) Total regular premium paid (whichever is higher) when facing unexpected event in life3

Boost investment opportunities with lower expenses

Boost investment opportunities with lower expenses

No premium charge throughout the policy term, allowing you to maximize potential returns

Enjoy loyalty bonus

Enjoy loyalty bonus

Receive loyalty bonus of 4% of regular premium every 8 years, starting from the 9th1 policy year

Insured by

allianz

Benefit Coverage

Benefit Coverage

Example 1

Benefit Coverage

Example 2

Benefit Coverage

Coverage Benefits

Maturity Benefit

If the life assured pays regular premiums continuously throughout the premium payment term according to conditions determined by the company, the company will pay loyalty bonus1 of 4% of annual regular premium to the life assured every 8 years, starting from the beginning of 9th, 17th, 25th,…policy year.

If the life assured lives to the maturity date (on the policy anniversary when the life assured reaches age 99), the company will pay total redemption value of the investment units of funds held within the policy to the life assured* *Redemption value of the investment units of funds held within the policy and top-up premium (if any)

1According to the conditions specified in the policy
Death Benefit3

The company will pay benefits as follows:

  1. Sum assured of regular premium, plus
  2. The highest value under the policy for regular premium which is the greater of:
    • Wealth Assure Value2 on the date of death of the life assured, or
    • Redemption value on the first valuation date that can be transacted after the date on which the company receives the complete death certificate and grants approval, or
    • Total regular premium paid
  3. Redemption value of the investment units of funds held within the policy for top-up premiums (if any)

2Wealth Assure Value refers to the maximum redemption value of investment units of regular premium throughout the insurance contract, used to calculated death benefit, Cost of Insurance and insurance policy renewal.

3In case of death of the life assured, the company will pay benefits to the beneficiary(ies) as follows:
1. Benefits provided under regular premiums (1.1 Sum assured of regular premium, plus 1.2 The highest value under the policy for regular premium which is the greater of 1) Wealth Assure Value on the date of death of the life assured, or 2) Redemption value on the first valuation date that can be transacted after the date on which the company receives the complete death certificate and grants approval, or 3) Total regular premium paid ) 2. Redemption value of the investment units of funds held within the policy for top-up premiums (if any).
Premium
Types of Premiums
Minimum Premium
Maximum Premium
Regular premium4
THB 300,000 / year
No limit*
Top-up premium5
THB 5,000 / each top-up
Not to exceed THB 150M per policy year

4Regular premium refers to the premium amount paid, as specified in the policy schedule, before deducting the Cost of Insurance for regular premium as shown in Table of Policy Fees and Charges. 5Top-up premium refers to an amount of premium that is paid by the life assured at irregular intervals besides the regular premium before deducting Cost of Insurance for top-up premium as shown in Table of Policy Fees and Charges, while the policy is in force and not during a premium holiday period. Minimum and maximum top-up premiums are subject to rules determined by the company (if any). *Subject to the underwriting rules of the company
Fees and Charges
Fees and Charges
Regular Premium
Top-up Premium
Premium Charge
Nil
1.5% of each top-up
Administration Fee
0.166667% per month (or 2% per year) for 8 policy years which will be deducted from automatic redemption.
0.0625% per month (or 0.75% per year) until the policy term ends which will be deducted from automatic redemption.
Cost of Insurance
Depending on gender, age and net amount at risk from Thai Mortality Table 2017 for Ordinary Life Insurance, and deducted monthly through automatic redemption.
Nil
Withdrawal/ Surrender Charge
% of redemption value (based on installment premium), according to the following rate:
1st policy year : 65%
2nd policy year : 55%
3rd policy year : 45%
4th policy year : 35%
5th policy year : 25%

After completing regular premium payments
1st policy year : 20%
2nd policy year : 10%
3rd policy year : 5%
4th policy year onwards : Nil
Nil
Fund Switching Fee
No Limits and no fee
Financial Statement Report
Free twice a year (June and December)
Any additional request will be charged at THB 50 per issue.

Insurance Details

Details
chevron

Issue Age

  • 1 month – 70 years old

Coverage Period

  • Until age 99

Regular Premium Payment Term

  • 5 years

Death Sum Assured

  • 3 times annual regular premium

Mode of Premium Payment

  • Annual, Semi-annual, Quarterly, and Monthly

Medical Exam

  • According to the company’s medical underwriting criteria.

Start planning today! Get in touch with us now

Start planning today! Get in touch with us now

Important Notes

  1. This product is unit linked insurance plan and is not a bank deposit. It involves risk and investment components within this policy are not guaranteed.
  2. To get the maximum benefits from insurance policy, the life assured should continuously pay the premium through to the end of the premium payment period and holds the policy until the end of the policy contract. If the policy is terminated before the end of the contract, the life assured may not receive cash benefit in the amount equivalent to the maximum policy benefit he/she is entitled to, or in the amount equivalent to all premiums paid.
  3. A buyer should study and understand the product characteristics, coverage details, return conditions, fees and charges details, risks, also study and understand information provided in the fund prospectus before signing insurance contract and making investment decisions. Past performance does not guarantee future returns. The fund performance may affect the policy period. Therefore, after receiving the policy, please carefully review the coverage details, requirements and policy conditions.
  4. Life insurance premiums (excluding an investment component) are entitled to income tax deduction up to THB 100,000 per year, according to conditions prescribed by the Revenue Department.
  5. “PRUAssure Link” unit-linked insurance plan is the marketing name of “Unit Linked Wealth Assure”.
  6. The life assured can cancel the policy within 15 days from the date of receipt of the policy document, and will receive a refund of policy fee and the redemption value after deducting the company’s expenses of THB 500 and medical examination as charged (if any). If the life assured cancels the policy after the free-look period, the life assured is entitled to exercise the right to surrender the policy and will receive a surrender value as specified in the policy.

The company will not cover:

  • In the event of non-disclosure or misrepresentation, the company will terminate the contract within 2 years from the policy effective date or renewal or reinstatement of the insurance policy or the approval date to increase the sum assured (only for the increased part).
  • In the event of suicide within one year from the policy effective date or renewal or reinstatement or the approval date to increase the sum assured (only for the increased part), or the life assured is murdered by the beneficiary.

UOB Bank, as an insurance broker with license No. ช00026/2545, facilitates the arrangement of life insurance contracts and the payment of premiums only.

Prudential Life Assurance (Thailand) Public Company Limited will be responsible for all protection and benefits under terms and conditions as specified in the insurance policy.

Filing an insurance complaint

If you have questions about insurance or are experiencing any problem, please submit your complaint to:

  • Customer Service Center

    Prudential Life Assurance (Thailand) Public Company Limited
    Mitrtown Office Tower,10th, 29th - 31st Floor,
    Rama 4 Road, Wangmai, Pathumwan, Bangkok 10330
    Tel 1621 (during office hours), email: hotline@prudential.co.th

  • Any branch of United Overseas Bank (Thai) PCL or UOB Contact Centre at 0 2285 1555 or www.uob.co.th
  • Office of Insurance Commission (OIC), Hotline 1186
  • Bank of Thailand, Financial Consumer Protection Center (FCC) Hotline 1213 or  fcc@bot.or.th

FAQ

What is Wealth Assure Value? And how does it work?
chevron

Wealth Assure Value refers to the maximum redemption value of regular premium during the insurance contract, along with the value of any fund switching transactions that are in process of purchasing the destination fund (if any). The Wealth Assure Value is used by the company to calculate benefit payments in the event of the life assured’s death, as well as for calculating Cost of Insurance and insurance policy renewal.

In case of death of the life assured, the company will pay benefits to the beneficiary as follows:
Benefits provided under regular premiums
1.1 Sum assured of regular premium, plus
1.2 The highest value under the policy for regular premium which is the greater of:
1) Wealth Assure Value on the date of death of the life assured, or
2) Redemption value on the first valuation date that can be transacted after the date on which the company receives the complete death certificate and grants approval, or
3) Total regular premium paid.

Benefits provided under top-up premiums (if any)
-Redemption value of the investment units of funds held within the policy for top-up premiums (if any)

Insurance Policy Renewal
If an insurance policy lapses or is automatically surrendered, the life assured is entitled to exercise the right to revive the policy within 5 years. If the company approves a policy revival, Wealth Assure Value of regular premium before the policy lapses or was automatically surrendered will be regained and will be the initial account value after an insurance policy is reinstated and back in force.

Yes, you can reduce Wealth Assure Value in the next policy year after completing 5-year-regular premium payment. The reduced Wealth Assure Value must not be less than total regular premium paid. If the company approves a reduction of Wealth Assure Value, the life assured cannot cancel or increase Wealth Assure Value throughout the insurance contract. Once a reduced Wealth Assure Value is approved by the company, it generally remains fixed, even if Wealth Assure Value of the funds held within the policy increases.

Loyalty Bonus is reward from the company to the life assured for paying premium consistently until the end of the premium payment term, provided the life assured meets the following conditions:

  • Never withdraw money by redeeming investment units under a regular premium
  • Never take premium holiday
  • The policy never automatically surrenders

The company will pay loyalty bonus of 4% of annual regular premium to the life assured every 8 years, starting from the beginning of 9th, 17th, 25th,…policy year. Loyalty bonus will be allocated to purchase investment unit of funds for regular premium on the first valuation date that can be transacted after the date on which the company pays loyalty bonus.

Yes, you can both withdraw money from your policy, and surrender the policy, then you will receive the redemption value. Withdrawal or surrender charge are subject to the conditions specified in the policy.

After the life assured pays premium for 5 years, the life assured is entitled to exercise the right to reduce sum assured which cannot be lower than 1 time annual regular premium in the event under article 1) or article 2) below, whichever is earlier:

  1. In the next policy year when the life assured reaches age 75 onwards, or
  2. From the 16th policy year onwards.

Only premiums that go towards life coverage such as Cost of Insurance and Administration Fee are entitled to income tax deduction up to THB 100,000 per year (according to conditions prescribed by the Revenue Department).

Connect with Us

UOB call icon

UOB Contact Centre

Debit notification icon

Contact Us

UOB location icon

Locate us