PRUCash
Product benefits
Provides you liquidity with guaranteed cash payouts
Protects your loved ones with your full cover plus bonuses
Flexible payout options
Optional Cash Booster add on
Don’t miss out on life’s opportunities while saving for the future
In your life, you always look forward to certain milestones. It may be the birth of a child in your family, the education of your children or purchasing a new home. These milestones require finances to achieve them. What you need is a savings insurance plan that not only provides for your family with adequate cover against any unfortunate event happening with your life, but also provides you with cash at regular intervals to take care of financial requirements at these milestones.
PRUCash is a plan that offers you both savings and protection, with guaranteed payouts every two years that allows you to pay for the little pleasures in life, so while you are saving up for your future, you do not lose the opportunity to enjoy life.
If you are disabled or unfortunately pass away, this fixed term policy pays your loved ones the total sum of your coverage plus bonuses, if any.
In sum, PRUCash is a life insurance and savings plan that covers total permanent disability, offers death benefit and cash benefit so that you and your loved ones can live life to the fullest.
Download the flyer in your preferred language.
You can also add extra plans to strengthen your coverage. Choose from plans that:
|
Pay you a regular payout: |
|
|
Pay you a lump sum if you have a critical illness: |
|
|
Waive your premiums upon Total and Permanent Disability (TPD), diagnosed with critical illness or unfortunately pass away: |
Learn more
More about PRUCash
Learn more about PRUCash in your preferred language.
About your plan
|
How long will I need to pay premiums? |
You pay premiums for as long as you have your plan in force. |
|
How long does the coverage last? |
20, 22, 24, 26, 28 and 30 years (maximum up to 70 years old). |
|
How old must the life assured (the person covered by the plan) be when the plan starts? |
1 – 50 years old |
|
What’s the minimum amount of coverage? |
RM 10,000 or RM 20,000 with Cash Booster |
|
What’s the maximum amount of coverage? |
|
All ages in this table are age next birthday (ANB)
Important notes
-
This content contains only a brief description of the product and is not exhaustive. You are advised to refer to Prudential Assurance Malaysia Berhad (PAMB)’s Brochure, Product Disclosure Sheet, Product / Sales Illustration, before purchasing the plan, and to refer to the terms and conditions in the policy document for details of the features and benefits, exclusions and waiting periods under the policy.
The benefit(s) payable under eligible certificate/policy is(are) protected by Perbadanan Insurans Deposit Malaysia (“PIDM”) up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) Brochure or contact Prudential Assurance Malaysia Berhad or PIDM (visit www.pidm.gov.my).
FAQ
What is a savings insurance plan?
A savings insurance plan, such as PRUCash, combines life insurance coverage with a savings component. It allows you to build cash value over time while providing financial protection for your loved ones.
How does a savings insurance plan work?
A life insurance with savings plan works by having the policyholder pay regular premiums, and part of these premiums is allocated to the savings component. Over time, the policy accumulates cash value, which can be withdrawn or used to take out a loan, all while providing life insurance coverage.
What is the difference between life insurance and savings plan?
Life insurance is primarily designed to provide a financial safety net for your loved ones in case of your untimely passing. It pays a death benefit to your beneficiaries. A savings plan, on the other hand, combines life insurance with a savings component. It provides financial protection and helps you build case value or savings over time. While life insurance focuses on protection, savings plan offers both protection and long-term savings.
Is a savings plan better than investment plan?
The choice between a savings plan and an investment plan depends on your financial goals and risk tolerance. A savings plan offers a balance between life insurance and savings, making it a suitable choice if you want both financial protection and wealth accumulation. An investment plan focuses on wealth growth through investments in financial markets. It may potentially have higher returns, but involves more risk. The best choice for you depends on your financial objectives and risk preferences.
Who should consider PRUCash?
Prudential’s savings insurance plan is suitable for individuals who
-
Are looking for a plan that combines savings and life insurance.
-
Want liquidity, and wish to receive regular cash benefits as they save up.
-
Want to have a guaranteed payout of the sum assured plus bonuses of their life insurance policy.
Can I customise my PRUCash plan to meet my specific needs?
Yes, you can customise your plan to align with your unique financial goals and circumstances. You will be able to choose the coverage amount, policy term, and other options that best suit your needs.
Can I access to the value / extra liquidity of my PRUCash policy before maturity?
Yes, you can access the cash value of your PRUCash policy through partial surrender or policy loans, provided there is sufficient cash value available.
What happens to my PRUCash policy in the event of my passing?
The beneficiaries you’ve designated will receive the death benefit. This provides financial protection to your loved ones.