PRUterm total refund

Where you are:

Personal Banking
Insurance
Life Insurance

Now, there’s an insurance policy that offers you not just comprehensive protection against the unforeseen, but also a full refund of all the premiums that you paid^1.

PRUterm total refund allows you to pay off your premiums in 10 years, be covered for 20 years, and get your premiums back upon cover expiry^1.

Guaranteed refund of premiums upon cover expiry¹
- PRUterm total refund covers you against Death, Terminal Illness and Disability² for 20 years, but you’ll only pay premiums for the first 10 years of this plan. When the policy expires after 20 years, you can look forward to getting back all the premiums you paid.
Lump sum payout plus premium refund¹
- In the event of Death, Terminal Illness or Disability², you or your loved ones will receive the sum assured, plus total premiums paid, in one lump sum.
Accidental Death Benefit
- In the event of Accidental Death, your loved ones will receive an additional sum assured. This also covers Accidental Death resulting from participation in high-risk activities³, including those carried out in the course of peace-time reservist duty or full-time National Service³.
Guaranteed premiums and renewability⁴
- Your PRUterm total refund premiums will remain unchanged throughout the policy term; plus, you’ll enjoy the additional reassurance of guaranteed renewal throughout the 20-year policy term.
  
  An example of how PRUterm total refund works:
  
  Mr. Ang, a Singaporean, non-smoker, who’ll be 35 years old on his birthday, has a PRUterm total refund policy with a sum assured of S$100,000 and an annual premium S$1,765⁵. In the fifth year of his policy, Mr. Ang meets with an unfortunate car accident and passes away a week later. His total premiums paid till then are S$1,765 x 5 = S$8,825⁵. His loved ones will receive the following payouts:
  
  If Mr. Ang had continued with his PRUterm total refund policy without any claims made, upon the cover expiry of the policy, the refund on his total premiums paid¹ would have been S$1,765 x 10 = S$17,650.

To find out more, speak to a UOB Personal Banker today at your nearest UOB Group Branch.

More Information

Notes

¹ The total premiums paid without interest will be refunded upon Death, Terminal Illness or Disability of the life assured; or the Cover Expiry Date of the policy, whichever event occurs first.
If the policy is surrendered before Cover Expiry Date, policy will return a percentage of the total premiums paid without interest. In some situations, there may be no refund of total premiums paid. Please refer to the policy document for the exact terms and conditions.
² For Accelerated Terminal Illness and Accelerated Disability Benefit, the benefit will cease on the policy anniversary immediately before the life assured turns 65.
³ Reduction of benefits due to High-Risk Activities to 50% or 75% of the sum assured for Accidental Death Benefit. Exclusions apply. Please refer to the policy document for the exact terms and conditions.
⁴ The premium amount and renewal is guaranteed provided premiums are paid within 30 days of the date they are due.
⁵Premium quoted is based on an annual basis for PRUterm total refund with sum assured of S$100,000, on a standard life, age 35 on next birthday, male non-smoker. Premiums for PruTerm Total Refund are guaranteed provided premiums are paid within 30 days of the date they are due.
Total premiums paid-to-date is calculated based on the annual premium x 5 years (S$1,765 x 5 = S$8,825).
⁶We will deduct any outstanding amounts owing to us in connection with this policy before paying any benefits.

Important Notice and Disclaimers:
Buying a life insurance policy is a long term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. This marketing material is not a contract of assurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the above product. Acceptance of the proposal is subject to underwriting. The precise terms and conditions of the above product are specified in the policy. The above is for general information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from a financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a financial adviser, you should consider carefully whether this product is suitable for you. In case of inconsistency between the English and Chinese versions, the English version shall apply and prevail.

United Overseas Bank Limited does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by Prudential Assurance Company Singapore (Pte) Limited.

United Overseas Bank Limited Co. Reg. No. 193500026Z
Prudential Assurance Company Singapore (Pte) Limited. Reg. No. 199002477Z

Insurance

PRUterm total refund

More Information

Notes

Useful Information