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Proceed

Designed to help you save for the future, while providing you with protection

Pru flexicashx

Designed to help you save for the future, while providing you with protection

Key Risks
Important information – please read before proceeding
Knowing the key risks associated with each insurance plan is important.  Below are the key risks (non-exhaustive) associated with this plan:

  1. Coverage against Terminal Illness and Total & Permanent Disability expires on the Policy Anniversary on which life assured attains age 65 next birthday or the end of the policy term, whichever is earlier.
  2. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value that is payable to you may be zero or less than the total premiums paid. Surrender value is only available after 36 months from the first premium due date and 36 months of premiums have been paid for this policy.
  3. Bonuses are not guaranteed and will vary according to the future performance of the participating fund.
  4. Interest rate for the accumulation of Yearly Cash Benefit is not guaranteed and subject to change.
  5. This policy that you are purchasing is a life insurance plan, and it is not a savings account or fixed deposit.
Terms & Conditions
Important Notes
Receive a Yearly Cash Benefit1 after the second policy anniversary and use it as you wish Enjoy bigger payouts on your policy by choosing to defer receiving your Yearly Cash Benefit1 to after the 10th policy anniversary or later 3 Accumulate your Yearly Cash Benefit1 and enjoy a non-guaranteed interest of 3% 2 per annum.

1. Yearly Cash Benefit1 is a payout of 5% of the PRUflexicash sum assured after the second policy anniversary.

2. The interest rate is not guaranteed and is subject to change according to prevailing market conditions.

3. No later than one year before the end of policy term.

4. Policy provides coverage against Terminal Illness and Total and Permanent Disability before the cover expiry date, which is the policy anniversary on which the Life Assured is aged 65 next birthday, or the end of the policy term, whichever is earlier. The Life Assured cannot claim for both Terminal Ilness and Total and Permanent Disability.

5. Bonuses, if any, are not guaranteed and will vary according to the future experience of the participating fund.

6. Sum assured of the new policy for each life event can only be up to a maximum of 25% of the original sum assured or S$150,000, whichever is lower. The option to purchase a new policy can only be exercised twice in a lifetime of the Life Assured. The maximum additional cover for these two life events can only be up to a maximum of 50% of the original sum assured or S$300,000, whichever is lower.

Disclaimer

Buying an insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable (if any) may be less than the total premiums paid. The contents of this webpage do not constitute a contract of insurance and reference should be made to the respective policies for the exact terms and conditions applicable to the insurance policy. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. All insurance products described in this webpage are products of and underwritten by Prudential Assurance Company Singapore (Pte) Limited and not Standard Chartered Bank (Singapore) Limited. Standard Chartered Bank (Singapore) Limited shall not be liable in any manner whatsoever regarding your application or the contract of insurance. In facilitating insurance arrangements or in referring customers to any insurer, the Bank is acting in alliance with the insurer and not as an agent for customers.

This webpage is being distributed for general information only and it does not constitute an offer, recommendation, solicitation to enter into any transaction. This webpage has not been prepared for any particular person or class of persons and it has been prepared without regard to the specific investment  or insurance objectives, financial situation or particular needs of any person. You should seek advice from a licensed or an exempt financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase any product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Prudential or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.