What is PRUWith You Plus?
PRUWith You Plus is an investment-linked insurance plan (ILP) from Prudential that combines life protection with an investment component, with coverage that can extend up to age 100. It pays out a lump sum upon death, and separately upon Total and Permanent Disability (TPD) before the Policy Anniversary of age 70.
What sets this plan apart from a standard life policy is that it's built to grow and flex with you. Your coverage amount increases automatically over time, your children are covered from birth at no extra cost, and you can attach a wide range of riders to customise the level of protection you need at each stage of life.
How Does the Sum Assured Booster Work?
PRUWith You Plus includes a Sum Assured Booster that increases your Basic Sum Assured (BSA) by 1% every year, at no additional cost, up to a maximum of 50% of your original BSA. So if you started with a BSA of RM100,000, your coverage could grow to RM150,000 over time without you paying a single sen more for the increase.
At maturity (age 100), the payout you receive includes your Sum Assured, the accumulated Sum Assured Booster, and whatever account value has built up in your policy.
Are My Children Automatically Covered?
All your children are automatically covered from birth until age 7, with no underwriting required and no additional premium. The coverage amount is up to 30% of your BSA, and it applies to each child. So if your family grows, every new child is included at the same rate. This automatic child coverage includes Death and Child Specific Illness protection.
Do note that coverage conditions beyond age 7 may vary. For full details on how the child benefit works and what happens when a child turns 7, refer to the product leaflet or product disclosure sheet.
What is the Goal Achievement Benefit?
PRUWith You Plus rewards you with a one-off RM500 cash payout when you hit any one of these five life milestones:
- Travelling to 10 countries
- Doubling your salary
- Owning a home
- Getting married
- Welcoming a child
For full terms on eligibility and how many milestone claims can be made per policy, check out the product leaflet or product disclosure sheet.
What Riders Can I Attach?
PRUWith You Plus accepts a wide range of optional riders, including:
- Medical insurance (e.g. PRUMillion Med Active 2.0, PRUMillion Med 2.0, PRUValue Med)
- Critical illness coverage (e.g. Total Multi Crisis Care, Multi Crisis Care, Early Crisis Care)
- Accident coverage (e.g. Acci Guard Plus, Acci Med Plus, Acci Income Plus)
- Mom and baby care for prenatal and postnatal protection
- Payor riders that waive premiums upon TPD, death, or critical illness diagnosis
- Savings riders (PRUSaver, PRUSaver Kid)
The premium for your base plan varies depending on your age, gender, smoker status, and the policy term you choose. You can pay annually, half-yearly, quarterly, or monthly via auto-debit, credit card, cash, or cheque.
How Do I Keep My Coverage Going Up To The Age of 100?
PRUWith You Plus deducts insurance charges and other fees from your policy's account value on an ongoing basis. As long as there's sufficient value in the account, your coverage stays in force.
For the first 72 months, the No-Lapse Provision guarantees your policy remains active as long as all premiums are paid on time and no withdrawals are made from your Basic Unit Account during this period.
After the guaranteed period, you may need to top up premiums over time to maintain sufficient account value through to age 100.
For full details on the No-Lapse Provision, including conditions that apply to prenatal policies, refer to the product leaflet or product disclosure sheet.
