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legacy-planning pruheritage
legacy-planning pruheritage

PRUheritage.
A legacy of a lifetime.
A gift for your loved ones.

Introducing a lifetime gift for your loved ones

Gain the ability to multiply and diversify your wealth. The seeds that you plant over the years will continue to  flourish as your tree of life.

PRUheritage helps build a legacy of a lifetime

HOW TO CREATE AN IMMEDIATE ESTATE
With PRUheritage, you will be able to create an immediate estate with guaranteed death benefits ts of up to 3.65x1 of the single premium and grow your wealth with bonuses2 (if any) for your estate to the next generation.
The Guaranteed Death Benefit is based on female non-smokers, standard life, age next birthday 19-20 years old:
• On or before age 85: 3.65 times of single premium (based on Death Benefit Multiplier)
• After age 85: 2.4 times of single premium (based on Sum Assured)

2 Bonuses are comprised of Reversionary Bonus and Terminal Bonus. The bonuses are non-guaranteed and are declared from the Participating Fund.

Click here to view illustration, for a clearer depiction of this.

HOW TO UNLOCK YOUR LIQUIDITY
PRUheritage also helps you unlock liquidity, by allocating part of your assets into PRUheritage to create an immediate estate. This allows you to simultaneously use the balance of your assets for personal usage i.e. investment, retirement, travel, etc.

Here’s a scenario on how Mr. A can create an immediate estate by unlocking his liquidity.

Mr. A uses part of his cash, RM4 million, to purchase PRUheritage that creates an immediate estate with Guaranteed Death Benefit.

ASSETS BEFORE PRUheritage PURCHASE PRUheritage WITH RM4 MILLION
Cash
• RM9 million
PRUheritage
• RM8 million3
Cash
• RM5 million
Total RM9 million Total RM13 million
3 Mr. A’s PRUheritage policy provides Guaranteed Death Benefit:
• On or before the age of 85: RM8 million (based on Death Benefit Multiplier, 2.0 times of single premium)
• After the age of 85: RM5.6 million (based on Sum Assured, 1.4 times of single premium)
(Assuming Mr. A is a male non-smoker, standard life, age next birthday is 55 years old.)
Click here to view illustration, for a clearer depiction of this.

 

HOW TO DISTRIBUTE YOUR WEALTH EQUALLY
PRUheritage provides you with a better legacy planning arrangement by helping you achieve an equitable wealth transfer.

Here’s a scenario on how Mr. A can distribute his wealth equally for his family.

Mr. A wants to leave a financial legacy for his wife and two children.

FAMILY MEMBER UNEVEN DISTRIBUTION AMONGST HIS WIFE AND TWO CHILDREN
Mrs. A, the wife RM11 million (property)
Eldest son, businessman RM12 million (business)
Youngest son, doctor RM9 million (cash)
Total estate RM32 million
Click here to view illustration, for a clearer depiction of this.

The solution:
To achieve equitable wealth distribution, Mr. A uses RM4 million cash to purchase PRUheritage which pays a Guaranteed Death Benefit of RM8 million4 to his family should his death occur on the 25th policy year.
With PRUheritage, Mr. A’s total estate increases. He has greater flexibility in distributing his wealth equally among his family.

FAMILY MEMBER  EQUITABLE DISTRIBUTION AMONGST HIS WIFE AND TWO CHILDREN
Mrs. A, the wife RM11 million (property) + RM1 million (PRUheritage)
Eldest son, businessman RM12 million (business)
Youngest son, doctor RM5 million (cash) + RM7 million (PRUheritage)
Total estate RM28 million + RM8 million4 (PRUheritage)
Thanks to PRUheritage, Mrs. A now receives rental income and adequate cash for a comfortable living, eldest son takes on the entire family business, whereas youngest son has simple capital to run his own clinic.

4 Under a high projection scenario (5%), death benefit at year 25 is RM9,794,308 (consisting of Guaranteed Death Benefit RM8,000,000 and Non-Guaranteed Bonuses RM1,794,308) and under a low projection scenario (2%) is RM8,000,000 (consisting of Guaranteed Death Benefit RM8,000,000 only). The investment returns of 2% p.a. and 5% p.a. used are purely for illustrative purposes to show the variability of non-guaranteed benefits under the different investment scenarios and are NOT GUARANTEED. They do not represent upper and lower limits on the investment performance of the participating fund, and are not the returns earned on the actual premiums paid for the life insurance product.

Click here to view illustration, for a clearer depiction of this.

MORE GOOD THINGS ABOUT PRUheritage
PRUheritage not only multiplies your wealth, but it is fast and hassle-free.
• Fastest way to distribute your legacy, as quick as 14 days5.
• Creditor-proof6.
• Can be distributed based on individual needs.
5 Based on standard claims processing duration with complete requirements submitted.
6 Only for PRUheritage with statutory trust. (For non-Muslim policy owners, a trust can be created when the policy is nominated to Spouse, Children, or Parent (if no spouse or child). Under such circumstance, the designated beneficiaries can receive the monies under the trust policy).
TYPES OF BONUSES YOU WILL ENJOY
Compound Reversionary Bonus (CRB)
This is a non-guaranteed bonus which is allocated and added to the Sum Assured of a Participating policy, usually on an annual basis. The amount of bonus is not guaranteed and will depend on, among other factors, the actual investment performance achieved. It will be payable in full upon the maturity of the plan, death, or Total and Permanent Disability (TPD) of the Life Assured. Full value of the CRB declared is not payable on early termination, surrender, or conversion of the policy.

Terminal Bonus

This is a non-guaranteed bonus which may be payable when your policy ends—upon death, maturity, or if you choose to surrender your policy.

Note: Compound Reversionary Bonus (CRB) and Terminal Bonus are not guaranteed and will depend on actual operating and investment results experienced by Prudential’s participating life funds.

Historical Investment Performance of the Prudential Participating Fund over the past 5 years
YEAR HISTORICAL INVESTMENT PERFORMANCE OF THE PRUDENTIAL PARTICIPATING FUND OVER THE PAST 5 YEARS (P.A.)
2012 7.27%
2013 6.35%
2014 4.82%
2015 6.29%
2016 6.10%
The 5 years (2012-2016) average investment return of Prudential Participating Fund is 6.17% p.a.

Note: The past investment performance of the Participating Fund is not an indication of its future performance. This is strictly the investment performance of the Participating Fund, and not the returns earned on the premiums. The actual returns earned on premiums at maturity/surrender will be lower due to the cost of insurance and expenses. You may also refer to the annual bonus statement for information on actual past returns and future outlook for the Participating Fund.

Important Notes

You are advised to refer to the PRUheritage brochure, Product Disclosure Sheet and Sales Illustration, and speak to your Prudential or Bank Representative before purchasing a plan, and to refer to the terms and conditions in the policy document for details of the important features of the plan. Standard Chartered Bank Malaysia Berhad is a third party distributor and accepts no liability for the products and services offered by Prudential Assurance Malaysia Berhad (PAMB).

Prudential Assurance Malaysia Berhad
Member of PIDM

PAMB is a member of Perbadanan Insurans Deposit Malaysia (PIDM). As a member of PIDM, some of the benefits insured under the insurance policies offered by PAMB are protected against loss of part or all of the insurance benefits by PIDM, in the unlikely event of an insurer member failure. For further details of the protection limits and the scope of coverage, please obtain a PIDM information brochure from PAMB, click here to visit the PIDM website, or call the PIDM toll free line (1-800-88-1266).

This plan is underwritten by:
Prudential Assurance Malaysia Berhad (107655-U)
Menara Prudential
10, Jalan Sultan Ismail
50250 Kuala Lumpur

This plan is distributed by:
Standard Chartered Bank Malaysia Berhad (115793-P)
Level 16, Menara Standard Chartered
30, Jalan Sultan Ismail
50250 Kuala Lumpur