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1 The Cash Benefit is made up of a guaranteed and non-guaranteed portion which will be paid out from the 5th and 2nd policy anniversary, respectively. The non-guaranteed Cash Benefit is illustrated investment rate of return 4.75% p.a. for the participating fund. It is not guaranteed and the actual benefits payable will vary according to the future performance of the participating fund.
2 The Death Benefit will be the higher of 105% of the single premium or 101% of the Surrender value as at the time of death, plus any cash benefit left with Prudential, less any amounts owed to Prudential.
* At 3.25% p.a. illustrated investment rate of return, the cash benefit at age 52, 55, and 71 are S$6,000, S$21,000 and S$27,500 respectively. David will receive a total Cash Benefit of S$766,500 during his lifetime and his family will receive an inheritance of S$1,090,800 when he passes on at age 85. The total benefits received is S$1,857,300.
^ At 3.25% p.a. illustrated investment rate of return, the cash benefit at age 42 and 45 are S$6,000 and S$21,000 respectively. At age 61, David transfers the policy to his child, Brian, before his 21st birthday and Brian receives a yearly Cash Benefit of S$27,500 for life. David will receive a total Cash Benefit of S$354,000 while Brian will receive a total Cash Benefit of S$1,760,000. David’s grandchild will receive an inheritance of S$2,646,200 when Brian passes on at age 85. The total benefits received is S$4,760,200.
^^ Medical check-ups or answering health-related questions may be required if an optional supplementary benefit is added, or if the total premiums for selected plans per life assured issued in the past 24 months exceed S$5 million (or equivalent). Selected plans will be reviewed and determined by us from time to time.
IMPORTANT INFORMATION – PLEASE READ BEFORE PROCEEDING:
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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. The product mentioned is not principal-protected and you may lose all or part of your original investment amount. 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.