PRUcash Double Reward

WHAT IS PRUcash double reward?

PRUcash double reward is a regular premium anticipated endowment plan that gives you an annual guaranteed payout from the end of the first policy year in addition to coverage on death and Total and Permanent Disability (TPD). 

WHAT ARE THE NON-GUARANTEED BONUSES AVAILABLE?

In addition to the annual guaranteed cash payment, Prudential gives you bonuses^{2 & 3} which are declared annually and are payable should you pass on, suffer from TPD reach policy maturity or upon surrender of the policy.

^{2, 3 Please refer to ‘Important Notes’ for definitions}

WHAT ARE THE BENEFITS?

Upon Death	The higher of: a)       Total current basic sum assured plus bonuses2 & 3; or b)       Total basic plan’s premium’s paid, minus all Annual         Guaranteed Payout received;        Plus All accumulated Annual Guaranteed Payout with interest (if any).
Upon Maturity	Total initial basic sum assured; plus Final year Annual Guaranteed Payout; plus Total bonuses2 & 3; plus Any accumulated Annual Guaranteed Payout with interest (if any).
Total and Permanent Disability (TPD)	Same as Death Benefit. In the event of TPD before age 60 years, the sum assured is payable subject to a maximum lump sum of RM1 million upon claim. The balance of the sum assured will be paid upon the first anniversary of the disability* or death of the life assured, whichever comes first. (Please refer to the policy document for the definitions of TPD)
Annual Guaranteed Income	Payable annually from the end of the 1st policy year until death, TPD or maturity, whichever occurs first. The Life Assured can also choose to accumulate the Annual Guaranteed Payout until policy maturity.
Upon Surrender of Policy	Guaranteed cash value; plus Any cash value of bonuses2 & 3; plus Any accumulated Annual Guaranteed Payout will be payable.

 Note: For a juvenile plan, in the event of death, critical illness or TPD before age 5, the proportion of the basic sum assured paid is at age 1 n.b. (next birthday): 20%, age 2 n.b.: 40%, age 3 n.b.: 60%, age 4 n.b.: 80%, age 5 n.b.: 100%.

^*Subject to proof of continued disability.

², ³ Please refer to ‘Important Notes’ for definitions.

HOW MUCH PREMIUM DO I NEED TO PAY?

Premiums payable is determined by your entry age, gender, smoking status and the type of plan chosen.

PREMIUM PAYMENT

Premiums can be paid yearly, half-yearly, quarterly or monthly via Auto Debit, Credit Card, Cash or Cheque.