Leave a legacy that continues across generations
PRUWealth Income (SGD), a single premium participating whole life insurance plan, helps you to grow your wealth at a stable pace and provides you with financial protection against life’s unforeseen events.
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Steady Stream of Lifetime monthly Income
Receive monthly cash benefit1 from as early as second policy year and the payout increases from fourth policy year
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Hassle-free application
No medical check-up is required when you sign up for the plan.
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Financial Protection
Get life coverage against death2 and accidental disability3 and receive a one-time retrenchment benefit payout4 in the event of job loss.
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Opportunity to accumulate more for growth
Option to accumulate your monthly cash benefit with an interest rate5 and withdraw it anytime you need.
IMPORTANT INFORMATION – PLEASE READ BEFORE PROCEEDING
Knowing the key risks associated with such insurance plan is important. Below are the key risks(non-exhaustive) associated with this plan:
a. Different death benefits are payable to you in the event of death of the life assured due to accidental causes or non-accidental causes.
b. Coverage against Accidental Disability will terminate on the policy anniversary immediately before the life assured turns 70 years old.
c. 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 single premium paid.
d. The benefits under this plan are made up of guaranteed and non-guaranteed Cash Benefits. The guaranteed and non-guaranteed monthly Cash Benefit will be paid out from the 13th policy month. The non-guaranteed Cash Benefit will vary according to the performance of the participating fund. Past performance is not an indication of current or future performance of the participating fund. You have the option to accumulate any Cash Benefit due to you with the Insurance Provider, where such Cash Benefit will not be immediately paid out to you. If you choose this accumulate option, the Cash Benefit will accumulate non-guaranteed yearly interest as well. The interest rate for the accumulation of the monthly Cash Benefit is not guaranteed and is subject to change.
e. The Retrenchment Benefit under this plan will be paid during the first 5 policy years and prior to the policy anniversary immediately before the policy owner turns 65 years old. This benefit will only be paid if the retrenchment occurs after 90 days from policy issuance date or date of reinstatement (if any) of the policy, whichever is later, and policy owner remains unemployed for a minimum of 30 consecutive days from the date of retrenchment.
f. 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.
Disclaimer
The content of this webpage is for general information only, and it does not constitute 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 content of this webpage describes the insurance product(s) and service(s) provided by Prudential Assurance Company Singapore (Pte) Limited (“Prudential”) in alliance with Standard Chartered Bank (Singapore) Limited (the “Bank”). It 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, which will be sent to you upon the acceptance of your application by Prudential. All insurance product(s) described in this webpage is a product of and underwritten by Prudential and not the Bank. In facilitating insurance arrangements or in referring customers to Prudential, the Bank is acting as a distributor, in alliance with Prudential and not as an agent for customers. The Bank shall not be liable in any manner whatsoever regarding your application or the contract of insurance.
Additionally, in relation to life insurance, 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.
If, after purchasing the policy, you decide that the policy is not suitable for you, you may terminate the policy in accordance with the free-look provision, if any, and Prudential may recover from you any expense incurred by them in underwriting the policy.
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.