Benefits of PRU-Flexi Protect

Universal Life fund crediting rate (UL interest)

  • On the 25th of every month, policy account value will be credited the monthly interest from UL Fund which is declared by Prudential, and the interest is not lower than guaranteed interest.

Crediting-rate

Loyalty bonus

  • 100% of annualized Target Premium on 10th policy anniversary date
  • 75% of annualized Target Premium on 15th policy anniversary date and every 5 years thereafter

Retention bonus

  • 4% of average preceding 60-months Target Premium Account value and Excess Premium Account value starting from 20th anniversary date and every 5 years thereafter

Maturity benefit

  • 100% Policy Account Value at the policy maturity date
  • 75% of annualized Target Premium on 15th policy anniversary date and every 5 years thereafter

Death/Total and Permanent Dismemberment (TPD)

  • The maximum value between
    - 100% sum assured; and
    - Target Premium Account value at the insurance event Plus, Excess Premium Account value
  • When the claim request is approved by Prudential Vietnam

  • Full Protection

    The Life Assured (LA) will be protected against death or Total and Permanent Dismemberment (TPD)

  • Flexibility and Reliable Savings Vehicle

    You have flexibility to manage your policy to adapt to the changes of savings and protection need during different life stages with the guaranteed crediting rate

  • Waive Health Checkup

    Waive health checkup when customer increases the Sum Assured within 90 days since the occurred events Life Assured’s marriage having a baby or adopting child or Life Assured's child joining school including primary school or secondary school or high school or university

Basic Terms and Key Exclusions

Basic Terms

  • Target Premium of basic plan: The Target Premium for the main product is specified in the life insurance certificate or the latest Alteration Confirmation Letter, if any. Policyholder must pay Target Premium in full for the first 5 Policy years. The Target Premium of the main product shall be invested into the Universal Life Fund after deducting the Allocation Charges.
  • Target Premium of UDRs: The Target Premium for Group 1 Rider(s) is specified in the life insurance certificate or the latest Alteration Confirmation Letter, if any. Policyholder must pay Target Premium in full for the first 5 Policy years. The Target Premium of the the Group 1 Rider shall be invested into the Universal Life Fund after deducting the Allocation Charges.
  • Excess premium (EP): The additional amount that the Policyholder contribute to the Excess Premium Account after all Target Premium feesof the current Policy Year are fully paid. The Excess Premium shall be invested into the Excess Premium Account, after deducting the Allocation Charges.
  • Allocation charge: Means the amount deducted from Target Premiums and Excess Premiums, if any, before such premiums are allocated to Target Premium Account and Excess Premium Account respectively.
  • Allocation charge

  • Cost of Insurance: means an amount of premium deducted from Policy Account Value to cover insurance benefits of main policy and Group 1 rider(s) as defined under the provisions of this Insurance Policy. Cost of Insurance is deducted from Policy Account Value at the Risk Commencement Date and Policy Monthiversary Date.
  • Policy Administration Charge: means an amount of premium to be monthly deducted from Policy Account Value to may for the management of the Insurance Policy and provide relevant information in relation to the Insurance Policy to the Policyholder. This charge doesn’t change during policy term and equals to 40,000 VND.
  • Fund Management Charge (FMC): lmeans a fee deducted before declaring crediting interest rate to pay for Universal Life Fund management activities. FMC is deducted before declaring crediting rate. FMC is up to 2.0% per annum of Policy Account Value.
  • Partial withdrawal/Surrender Charge: Free of charge

Note: Prudential has the right to change the allocation charge, cost of insurance and fund management charge subject to MOF approval and 03 month of advance notice to the PO.

Key Exclusions Prudential will not pay insurance benefits if the insurance event occurs due to or related to one of the following causes:

Death claim:

  1. Suicide whether sane or insane, within 24 months from Policy Effective Date or the latest Reinstatement date, whichever is later; or
  2. HIV infection, Acquired Immune Deficiency Syndrome (AIDS) and/ or AIDS related diseases; except the case HIV or AIDS acquired when performing work duty as a medical staff or police officer
  3. Executed the death sentence; or
  4. Intentional acts of Life Assured, Policyholder, and/ or the person who receives the benefit.

Total and Permanent Dismemberment (TPD) claim:

  1. Occurs prior to Policy Effective Date, or prior to the latest reinstatement date, whichever is later; or
  2. Be the result of attempting suicide caused TPD or self-inflicted injury of Life Assured whether sane or insane; or
  3. Participate in flying aircrafts or any aviation activities except for as a fare-paying passenger of scheduled and licensed commercial aircrafts; or
  4. Be the result of intentional acts of Life Assured, Policyholder, and/or the person who receives the insurance benefits.

Useful information

Eligibility

Entry Age Max maturity age Policy term Premium term
30 day - 65 years old 99 years old Up to Age 99 of Life Assured Same as Policy term

All features and insurance benefits presented herein are of summarized nature and for reference only. All features and conditions thereof shall be carried out in accordance with the terms and conditions as approved by the Ministry of Finance. Please carefully study the terms and conditions to master your benefits, products’ features and charges.

For more information, please contact our hotline at (028)3911 0000 / (024) 3696 0000 for direct consultant or visit your nearest Standard Chartered branch.

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Disclaimer

All of features and insurance benefits presented hereunder are of summarized nature and for reference only. All features and conditions thereof shall be carried out in accordance with the terms and conditions as approved by the Ministry of Finance.
Please carefully study the terms and conditions to master your benefits and products' features.
This plan is underwritten by Prudential Vietnam Assurance Private Limited. Standard Chartered Bank (Vietnam) Limited shall not bear any responsibility or liability for the plan or the products and services offered by Prudential Vietnam Assurance Private Limited.

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