PRUlink fixed pay is a brand new unit linked product designed to provide flexibility to meet life stage changes over the years with a guaranteed death benefit* and a choice of fixed regular premium payment periods.
* Terms and conditions apply
REQUIREMENTS & CHARACTERISTICS
Age at Entry:
Policy holder: minimum is 16 years old (age next birthday)
(For ages 16 to 21 should be approved by their parents)
Life Assured: 1 - 60 years old (age next birthday)
Minimum Premium :
Regular Premium: Rp 2,4 million (without riders benefit)
Single Top Up: Rp 1 million
Fixed Regular Premium Payment Period: 7, 10, 15 and 20 years
Coverage Term: up to birthday of 65, 70, 75, 80, and 85 years
Premium Mode: Annually, Semi annually, Quarterly, and Monthly
Currency: Rupiah only
Premium payment can be made by cash, ATM, bank transfer, and Auto Debit (savings account)
Minimum Withdrawal: Rp 500,000. The Minimum Balance after Withdrawal is Rp 1 million
Regular Premium consists of Premium for Basic Insurance & Premium for Riders
Premium Year 1 Year 2 Year 3 Year 4 Year 5 >Year 6
Regular 0% 40% 85% 85% 85% 100%
PRUsaver and Single Top Up 95% 95% 95% 95% 95% 95%
Fixed premium composition between Regular Premium and PRUsaver = 60 : 40
Guaranteed Death Benefit up to 65th birthday regardless of the performance of the investment market. Guaranteed Death Benefit must meet the necessary conditions:
All premium due paid on time (including grace period)
Life Assured is before at birthday 65 years
Never doing withdrawals of regular premium except Single Premium Top Up
In the event the life assured is a juvenile, at death before age 5 the benefit payable is as such:
Age next birthday % of sum assured
Loyalty Bonus: an additional 7% of regular premium will be paid from 11th to 15th year in the 15-year premium payment period, and 11th to 20th year for the 20-year premium payment period.
Total and Permanent Disability (TPD) Benefit is covered up to age 60.
TPD benefit is payable 20% of Sum Assured for the first year plus value of unit, and 80% payable in the second year.
Optional benefit that can be attached are as follows (riders):
PRUcrisis cover 34
If life assured meets criteria of a critical illness, Sum Assured of crisis cover 34 will be payable and will reduce basic Sum Assured. Coverage Term is up to age 55, 65, 70, 75, 80, or 85 years old.
PRUcrisis cover plus 34
If life assured meets criteria of a critical illness, Sum Assured of crisis cover will be payable and will not reduce basic Sum Assured. Coverage Term is up to age 55, 65, 70, 75, 80, or 85 years old.
PRUpersonal accident death and PRUpersonal accident death & disablement (PADD)
If death or disablement happen due to accident, Sum Assured of PADD will be payable. Coverage term is up to age 60 years old of life assured.
It will provide hospitalization, ICU and surgery procedure up to age 65 years old of life assured.
It will waive premium until the end of premium term (7, 10, 15, or 20 years), if life assured meets criteria of a critical illness.
PRUparent payor 34
It will waive premium until the end of premium term (7, 10, 15, or 20 years), if parent of life assured meets criteria of a critical illness, or TPD, or death.
PRUspouse payor 34
It will waive premium until the end of premium term (7, 10, 15, or 20 years), if spouse of life assured meets criteria of a critical illness, or TPD, or death.
INVESTMENT FUNDS IN PRUlink fixed pay
PRUlink Rupiah Managed Fund
PRUlink Rupiah Equity Fund
PRUlink Rupiah Fixed Income Fund
PRUlink Rupiah Cash Fund