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Make retirement the best years of your life.

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Make retirement the best years of your life.

What is PRUGolden Retirement Premier?

PRUGolden Retirement Premier is a single premium retirement plan that provides a regular monthly income1 after your selected retirement age. With peace of mind from a steady income, you can focus on enjoying your golden years with those who matter most.

How PRUGolden Retirement Premier works:

All amounts displayed are in Singapore dollars (S$).

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Product Details

Product Type
Payment term Single Premium

Cash or Supplementary Retirement Scheme (“SRS”) funds7

Policy Term Varies based on choices of Retirement Age and Monthly Income Period:

•       Up to 90 Age Next Birthday

Issuance Age PRUGolden Retirement Premier @ 55: 19 to 51 Age Next Birthday

PRUGolden Retirement Premier @ 60: 19 to 56 Age Next Birthday

PRUGolden Retirement Premier @ 65: 19 to 61 Age Next Birthday

PRUGolden Retirement Premier @ 70: 19 to 66 Age Next Birthday

Limits Minimum Guaranteed Monthly Income:


Minimum Single Premium:

SRS: S$20,000

Cash: S$50,000

Maximum Disability Monthly Income2:

S$6,250 per month

Maturity Benefit On the maturity date of the policy, Prudential pays one instalment of Monthly Income1; any accumulated Monthly Income with interest; and Maturity Bonus, less any amounts owning to Prudential.
Death Benefit During the Accumulation Period

The Death Benefit will be the higher of:

105% of the Single Premium paid; or

101% of the surrender value at the time of death.

During the Monthly Income Period

The Death Benefit will be the higher of:

105% of the Single Premium paid, less all Guaranteed Monthly Income that have been paid at the time of death; or

101% of the surrender value at the time of death,

plus any accumulated Monthly Income1 & interest earned (if any).

Total & Permanent Disability Benefit Accidental Disability

If the life assured becomes “Totally and Permanently Disabled” because of an Accident3 before age 70, Prudential will pay a stream of monthly income (“Disability Monthly Income2“) equal to the Guaranteed Monthly Income until the maturity of the policy or upon of the death of the life assured, whichever is earlier.

Cash Benefit Known as Monthly Income Benefit

Once your Monthly Income Period begins, Prudential will pay you on a monthly basis:

Guaranteed Monthly Income; and

Non-guaranteed Monthly Income.

Monthly Income1 is payable for 10, 15 or 20 years

Critical Illness Benefit Not Applicable
Accidental Death Benefit Not Applicable
Other Benefit Surviving Spouse Benefit
Enhance Your Coverage Not Applicable


Knowing the key risks associated with each insurance plan is important.  Below are the key risks (non-exhaustive) associated with this plan:
The benefits under PruGolden Retirement Premier are made up of guaranteed and non-guaranteed benefits. The guaranteed benefits will be paid regardless of the performance of the participating fund. Non-guaranteed benefits are in the form of non-guaranteed Monthly Income and Maturity Bonus and will vary according to the future experience of the participating fund.
Premiums for some supplementary benefits are not guaranteed and may be adjusted based on future claims experience.
This policy that you are purchasing is a life insurance plan, and it is not a savings account or fixed deposit.

1PRUGolden Retirement Premier provides a stream of Guaranteed Monthly Income starting from the Policy Anniversary immediately before the life assured attains the selected retirement age of 55, 60 65 or 70 years old for a period of 10, 15 or 20 years.

2If the life assured becomes disabled due to an Accident before the Policy Anniversary before the life assured attains age 70 years old, Prudential pays a Disability Monthly Income which is equal to the Guaranteed Monthly Income until the maturity of the policy or upon the death of the life assured, whichever is earlier. If the life assured stops being disabled, Prudential stops the Disability Monthly Income payments and this benefit will terminate. The maximum Disability Monthly Income payable is $6,250.

3An “Accident” is an unforeseen and involuntary event, which directly causes death or injury by violent, external and visible means, and is independent of any other cause (such as illness or disease of the life assured).

4You have the option to appoint your spouse as a Successor Life Assured under the Surviving Spouse Benefit. The Surviving Spouse Benefit is available on a policy that has a husband and wife as joint owners of the policy. This would mean one of the policyowners is the Main Life Assured, and the other policyowner can be appointed as the “Successor Life Assured”. Appointment of Successor Life Assured is subject to acceptance by Prudential.

5With the Surviving Spouse Benefit, should the Main Life Assured pass away, Prudential will not pay out the Death Benefit as the policy will now continue on the life of the Successor Life Assured, until the maturity of the policy, or the death of the Successor Life Assured, whichever event occur first.

6Medical check-ups or answering health-related questions may be required if the Main Life Assured or policyowner(s) add(s) an optional supplementary benefit; 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 Prudential from time to time.

7If you bought your policy using SRS funds, your policy is subject to the terms and conditions of the Supplementary Retirement Scheme. All payments made will be according to the terms and conditions of the Supplementary Retirement Scheme.

8The illustrated values use bonus rates assuming an illustrated investment rate of return of 4.75% per annum for the participating fund. At 3.25% per annum illustrated investment rate of return, the Non-guaranteed Monthly Income is $128 and the Total Illustrated Payout is $303,848. As bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund. Past performance is not an indication of future performance.


The content of this webpage is for general information only and intended to be valid in Singapore 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 outside Singapore.

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.

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. Information is correct as at 28 July 2020.