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Customisable insurance savings plan for the milestones in your life

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Customisable insurance savings plan for the milestones in your life

Achieve your goals during the different stages of your life

PRUActive Saver II, a customisable insurance savings plan, allows you to save depending on your savings needs

Key Risks

IMPORTANT INFORMATION – PLEASE READ BEFORE PROCEEDING

No advice will be provided if PRUActive Saver II is being purchased online.  You are solely responsible for determining the affordability and appropriateness of the policy to your financial circumstances and needs as well as insurance objectives.

Product Notes

  • The benefits under this plan are made up of guaranteed and non-guaranteed benefits. The guaranteed benefits will be paid if the plan is held till maturity, regardless of the performance of the participating fund. Non-guaranteed benefits are in the form of bonuses. Such bonuses are NOT guaranteed and will vary according to the future performance of the participating fund.
  • As buying a life insurance policy is a long-term commitment, an early termination of the plan usually involves high costs and the surrender value that is payable to you may be zero or less than the total premiums paid. The surrender value of this plan is only available after 36 months from the first premium due date and after premiums have been paid for the first 36 months of the plan.
  • This plan is subject to the aggregation rule. The aggregate premiums payable for selected plans* per life assured issued in the past 24 months cannot exceed S$5 million (or equivalent). *Please find the full list of selected plans at www.prudential.com.sg
  • This plan is a life insurance plan, and it is not a savings account or fixed deposit nor is it associated with any account or fixed deposit of Standard Chartered Bank (Singapore) Limited.

Major Exclusions

  • Suicide within 12 months from the Cover Start Date of the policy
  • Death due to pre-existing conditions within 12 months from the Cover Start Date of the policy. The death benefit will be restricted to a refund of the total premiums paid to date less any outstanding amounts.

For a full list of exclusions, please refer to the PRUActive Saver II Policy Document.

PRUActive Saver II Brochure

Sc sg insurance prushield

Disclaimer

The content of this webpage is for general information only, and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, or an offer to buy or sell any insurance product or service, nor is it intended to provide insurance or financial advice. It has not been prepared for any particular person or class of persons and does not constitute and should not be construed as investment advice nor an investment recommendation. It has been prepared without regard to the specific investment 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 or invest in the 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. You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. Standard Chartered Bank (Singapore) Limited will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information on this webpage.

The content of this webpage does not constitute a contract of insurance and reference should be made to the respective policy for the exact terms and conditions applicable to the insurance policy.  The insurance product described in this webpage is a product of and underwritten by Prudential Assurance Company Singapore (Pte) Limited (“Prudential”) and not Standard Chartered Bank (Singapore) Limited. In facilitating insurance arrangements or in referring customers to Prudential, the Bank is acting in alliance with Prudential and not as an agent for customers. Standard Chartered Bank (Singapore) Limited shall not be liable in any manner whatsoever regarding your application or the contract of insurance.

As buying a life insurance policy is a long-term commitment, an early termination of the life insurance policy usually involves high cost and the surrender value payable (if any) may be less than the total premiums paid.

This policy is 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.