PRUcash double reward

Specially prepared for:

razali

Prepared by: razali

Prudential Assurance Malaysia Berhad (PAMB) is a licensed insurance company and is regulated by Bank Negara Malaysia (BNM).

Product Disclosure Sheet for

PRUcash double reward

Please read this Product Disclosure Sheet before you decide to take out the PRUcash double reward. Be sure to also read the general terms
and conditions. The information provided in this disclosure sheet is valid as at 18/11/2015.

1. What is this product about?

PRUcash double reward is an anticipated endowment plan that participates immediately in profits. This policy offers a combination of protection and
savings for 15 years. It pays a lump sum benefit either at maturity of the policy, upon death or upon the occurrence of total and permanent disability
before age 60 during the term of the policy, whichever is earlier.
2. What are the covers/benefits provided?
Duration: Term of the contract 15 years
This policy provides:
Death Benefit:
Survival Benefit:

Maturity Benefit:

RM110,000 plus bonuses (if any) Waiver Benefit: 1

RM300 per year (year 1-5)
Waiver on life assured's life
RM600 per year (year 5+)
Waiver on parent's life
Waiver on spouse's life
RM10,000 plus bonuses (if any)

NA
NA
NA

Total & Permanent Disability Benefit:

Lump sum
RM110,000 plus bonuses (if any)
Family Income Benefit:
Policy year 1 to year 5
Policy year 6 to maturity

NA
NA

Reminder: Please refer to the sales illustration for more information about the benefits of the basic plan and its riders.
It is important to select a plan that suits your financial goals.
3. How much premium do I have to pay?
The total premium that you pay and the policy terms may vary depending on the underwriting requirements of the insurance company.
The estimated premium that you have to pay is RM4,236.90 annually. This estimated premium is inclusive of GST, if applicable.
You are required to pay the premium for 5 years. Please refer to Sales Illustration for details of premiums payable during the policy term.
You are given one month's grace period after the due date for the payment of premium.
The premium above is applicable to standard risks only. Premium rates for basic coverage for death / TPD are guaranteed. However, the Company
reserves the right to revise premium rates for other benefits at policy anniversary by giving 90-day prior notice.
4. What are the fees, charges and taxes I have to pay?
A surrender charge will be levied if you surrender the policy before the end of the policy term.
Goods and Services Tax (GST) at 6% or the prevailing rate charged on any of the premiums, charges or other payments due and payable under
this policy, where applicable. Please refer to the Sales Illustrations for implications of GST.
1

The 36 critical illnesses covered are AIDS due to Blood Transfusion, Alzheimer's Disease, APALLIC Syndrome, Aplastic Anaemia, Bacteria
Meningitis, Benign Brain Tumor, Blindness, Brain Surgery, Cancer, Chronic Liver Disease, Chronic Lung Disease, Coma, Coronary Arteri
Disease Requiring Surgery, Deafness, Encephalitis, Full Blown AIDS, Fulminant Viral Hepatitis, Heart Attack, Heart Valve Replacement, Kidney
Failure, Loss of Limbs, Loss of Speech, Major Burns, Major Head Trauma, Major Organ Transplant, Motor Neurone Disease, Multiple Sclerosis,
Muscular Dystrophy, Other Serious Coronary Artery Disease, Paralysis, Parkinson's Disease, Poliomyelitis, Primary Pulmonary Arterial
Hypertension, Stroke, Surgery to the Aorta and Terminal Illness.

5. What are some of the key terms and conditions that I should be aware of?
General
Importance of disclosure - when answering any question asked by us, you must disclose all relevant facts such as medical condition and state
your age correctly. If the insurance policy is intended wholly for your personal purposes, you must take reasonable care to disclose any facts
that you know to be relevant to us and not to mislead us.
Your above duty of disclosure continues until the policy is issued.
Free-look period - you may cancel your policy by returning the policy within 15 days after the policy has been delivered to you. The premiums that
you have paid (less any medical fee incurred) will be refunded to you.
If you do not pay your premiums within the grace period, your policy may lapse. Please refer to your policy contract for provisions of reinstatement.
Note: This list is non-exhaustive. Please refer to the policy contract for the full list of terms and conditions under this policy.
6. What are the major exclusions under this policy?
If it is a suicide within the first year, all premiums paid (excluding GST, if any) will be returned without interest.
Total and permanent disability benefit is not payable if the disability is directly or indirectly caused by
(a) any attempted suicide or self-inflicted injury WHETHER attempted/inflicted while sane or insane; or
(b) any travelling in an aircraft other than as a pilot or a member of a crew or a fare paying passenger in a commercial aircraft licensed for
passenger service on scheduled flights over established routes only; or
(c) any participation in any aerial sporting activities such as hang-gliding, ballooning, parachuting, sky-diving, bungee jumping and other such
similar activities
Please refer to the conditions for Death, Total and Permanent Disability in Appendix and policy contract for more details about the major exclusions
under this policy.
7. Can I cancel my policy?
Buying a life policy is a long-term financial commitment. If you do not pay your premiums within the grace period, your policy may lapse. If your
policy comes with cash value, the amount that the insurance company will pay you when you cancel the policy before the maturity period will be
lesser than the total amount of premium that you have paid. You may cancel your policy by giving a written notice to the insurance company.
8. What do I need to do if there are changes to my contact details?
It is important that you inform us of any change in your contact details to ensure that all correspondences reach you in a timely manner.
9. Where can I get further information?
Should you require additional information about life insurance and medical & health insurance, please refer to the insuranceinfo booklet on Life
Insurance and Medical & Health Insurance, available at all our branches or you can obtain a copy from your insurance agent or visit www.
insuranceinfo.com.my. If you have any enquiries, please contact us at:
Prudential Assurance Malaysia Berhad
Menara Prudential, 10 Jalan Sultan Ismail,
50250 Kuala Lumpur, Malaysia.
Tel: 03-2031 8228 Fax: 03-2032 3939
E-mail: customer.mys@prudential.com
10. Other similar types of plan available
Please ask your insurer/agent/wealth planner for other similar types of plans offered by the insurer.
IMPORTANT NOTE:
BUYING LIFE INSURANCE POLICY IS A LONG-TERM FINANCIAL COMMITMENT. YOU MUST CHOOSE THE TYPE OF POLICY THAT BEST
SUITS YOUR PERSONAL CIRCUMSTANCES. YOU SHOULD READ AND UNDERSTAND THE INSURANCE POLICY AND DISCUSS WITH THE
AGENT OR CONTACT THE INSURANCE COMPANY DIRECTLY FOR MORE INFORMATION. IT IS IMPORTANT THAT ANY RECEIPT THAT YOU
RECEIVE SHOULD BE KEPT AS PROOF OF PAYMENT OF PREMIUMS.

PRUDENTIAL ASSURANCE MALAYSIA BERHAD

PAR SALES ILLUSTRATION

PRUcash double reward Quotation For

Life Assured's Details
Life Assured

: razali

Product

: PRUcash double reward

Plan Type

: Traditional Participating
: RM 4,236.90

Date of Birth

: 12/1/1993

Premiums

Age Next Birthday

: 23

Payment Frequency : Yearly

Sex

: Male

Payment Mode

: Cash / Cheque

Smoking Status

: No

Option 1

: Payout the Survival Benefit

Occupation Class

: Class 1

Details Of Plan
Name of Plan

Coverage Term (Years)

Sum Assured (RM)

Premium (RM)

Participating Policy
Basic:

PRUcash double reward

15

10,000.00

3,485.90

PRUterm

15

100,000.00

751.00

Non-Participation Policy
Basic:

Total Premium

Premium Payable by Cash / Cheque

First 5 Years

Yearly(RM)
4,236.90

Half-yearly(RM)
2,139.40

4,236.90

Quarterly(RM)
1,090.60

Monthly(RM)
372.80

Note: Some products may be subject to Goods and Services Tax (GST). Where * is indicated beside the product's name, that product shall be
subject to GST and premiums shown for that product is inclusive of GST.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 1 of 11

PRUcash double reward Quotation For

Main Life name:

razali

Notes:
Plan Type

PRUcash double reward Participating Policy

Term

15 years

Survival Benefit

RM300 every year starting from the end of the 1st policy year until the end of the 5th policy year. (With attachment of Double Enhancer,
if any)
RM600 every year starting from the end of the 6th policy year until policy expiry date.(With attachment of Double Enhancer, if any)

Description

i.

PRUcash double reward is an anticipated endowment with profits policy which pays a guaranteed survival benefit every year
before maturity starting from the end of the 1st policy year and 100% of the sum assured plus bonuses on maturity, total &
permanent disability before age 60 or upon death.

ii. This policy participates in the surplus of the participating life fund from the inception of the policy. These surpluses are added in
the form of bonuses which may be of the Reversionary or Terminal bonus type.
iii. Since Reversionary Bonus and Terminal Bonus may vary depending on Companys investment and operation performance, the
illustrations show the possible level of benefits you may expect on two investment scenarios:
Assumes the participating fund earns 7% every year and the current operating experience of the
Company continues
2.
Scenario B = Assumes the participating fund earns 5% every year and the current operating experience of the
Company continues
Guaranteed = Minimum you will receive regardless of the Company investment performance.
1.

Scenario A =

iv. The bonus rates are greatly influenced by the capital appreciation of assets together with operating results and overall investment
return experienced by the Company. Bonuses will only be paid if the net returns earned by the Company support such bonuses.
v. The actual bonuses payable are NOT GUARANTEED and may be higher or lower than illustrated. The Company retains full
rights and discretion in determining bonuses.
vi. All bonuses that are illustrated in this quotation are assumed. The bonuses included in the illustration have not been declared in
the past.
vii. These bonuses are included based on the Companys expectations of future operating results and the investment rate
assumption shown above.
Please refer to appendix for brief description of the plans and its conditions.

Notes:
The illustrations in the following 2 pages show the combined projections of the participating and non-participating policies. Please refer to the
individual illustrations for more information.
This illustration is only applicable for standard life.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 2 of 11

PRUcash double reward Quotation For

Main Life name:
razali

Illustration of Total Benefits Participating and Non Participating Policy

Continue ----->

Guaranteed (SET A )

Year

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Age

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

(A)
(B)
Premium
Survival
Paid at Beg.
Benefit /
of Year
PRUlegacy
Death 2
Benefit
4,237
4,237
4,237
4,237
4,237
0
0
0
0
0
0
0
0
0
0

(C)
Basic Sum
Assured

300
300
300
300
300
600
600
600
600
600
600
600
600
600
600

10,000
10,000
10,000
10,000
10,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000

(D)
Basic 1+
PRUterm +
Rider
Death
Benefit
110,000
110,000
110,000
113,044
116,230
120,000
120,000
120,000
120,000
120,000
120,000
120,000
120,000
120,000
120,000

Non Guaranteed (SET B)

(E)
Surrender
Value *

602
1,337
5,629
7,803
10,094
11,464
11,299
11,129
10,951
10,763
10,559
10,338
10,096
9,831
10,600

(G)
(F)
Total Premium
Total
Paid to Date
Premium
Paid at Beg.
of Year

4,237
4,237
4,237
4,237
4,237
0
0
0
0
0
0
0
0
0
0

4,237
8,474
12,711
16,948
21,185
21,185
21,185
21,185
21,185
21,185
21,185
21,185
21,185
21,185
21,185

(H)
Current Year's
Compound
Reversionary Bonus
Scenario A

Scenario B

300.00
311.00
324.00
335.00
348.00
362.00
375.00
390.00
404.00
420.00
435.00
452.00
470.00
487.00
506.00

217.00
223.00
229.00
235.00
241.00
249.00
255.00
262.00
269.00
277.00
284.00
293.00
300.00
308.00
317.00

Note: Premiums shown and/or referenced to in the illustration above are exclusive of Goods & Services Tax (GST), if any.
1,

Please refer to Important Notes on page 7 for more information.

Only applicable if you have attached PRUlegacy rider. Please refer to Important Notes on page 7 for more information.

* Surrender value assumes that survival benefit for the year has not been paid out. If the policy is surrendered after survival benefit is paid out, the
guaranteed surrender value that you will receive will be lower than the amount illustrated.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 3 of 11

PRUcash double reward Quotation For

Main Life name:
razali

Illustration of Total Benefits Participating and Non Participating Policy

Non Guaranteed (SET B)

Year

(L)
(J)
(K)
Accumulated Compound Terminal Bonus on Death Compound Reversionary
Bonus and Terminal Bonus
Reversionary Bonus
on Surrender

Age

Scenario A
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

Scenario B Scenario A

300
611
935
1,270
1,618
1,980
2,355
2,745
3,149
3,569
4,004
4,456
4,926
5,413
5,919

217
440
669
904
1,145
1,394
1,649
1,911
2,180
2,457
2,741
3,034
3,334
3,642
3,959

Scenario B

Scenario A

Scenario B

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

191
533
418
596
1,256
3,237
3,830
5,649
6,035
6,412
6,810
7,232
7,678
8,149
7,753

185
519
299
424
921
2,681
3,014
4,436
4,494
4,523
4,552
4,581
4,610
4,637
3,959

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

(N)
Total death benefit3

(M)=(E)+(L)
Total surrender value
Scenario A Scenario B
793
1,870
6,047
8,399
11,350
14,701
15,129
16,778
16,986
17,175
17,369
17,570
17,774
17,980
18,353

787
1,856
5,928
8,227
11,015
14,145
14,313
15,565
15,445
15,286
15,111
14,919
14,706
14,468
14,559

Scenario A

Scenario B

110,300
110,611
110,935
113,044
116,230
121,980
122,355
122,745
123,149
123,569
124,004
124,456
124,926
125,413
125,919

110,217
110,440
110,669
113,044
116,230
121,394
121,649
121,911
122,180
122,457
122,741
123,034
123,334
123,642
123,959

Total Survival Benefits received prior to maturity = RM6,900.

Direct Distribution Cost is the cost directly attributable to the distribution channel for the sale/marketing of this policy, i.e. payments to agent/wealth
planner. This cost is borne by you and paid from your premium for services that the agent/weath planner will provide to you for the duration of your
policy. The agent/wealth planner may be entitled to production bonus and persistency bonus during the first three years of the policy provided that the
agent/wealth planner meets the qualifying criteria set by the insurer.
1

Policy Year
Percentage of Total Premium (%)
Actual Amount (RM)

15.00
635.54

11.00
466.06

7.00
296.58

3.50
148.29

2.00
84.74

0.00
0.00

Maturity Benefit
Maturity Benefit will be paid on the policy maturity date which falls on your 15th policy anniversary. The maturity benefit is illustrated as follows:
Guaranteed
Total
Premium
Paid to
Date

(O)
Guaranteed Maturity
Benefit

21,185
3

10,000

Non Guaranteed

(P)
Final Year Survival
Benefit

600

(S)=(O)+(P)+(Q)+(R)
Total Maturity Benefit

(Q)
Total Reversionary Bonus

(R)
Terminal Bonus on Maturity

Scenario A

Scenario B

Scenario A

Scenario B

Scenario A

Scenario B

5,919

3,959

1,834

18,353

14,559

Please refer to Important Notes on page 7 for more information.

Note: Premiums shown and/or referenced to in the illustration above are exclusive of Goods & Services Tax (GST), if any.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 4 of 11

PRUcash double reward Quotation For

Main Life name:
razali

Illustration of Benefits for Participating Policy

Year Age

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

(a)
Premium
Paid at Beg.
of Year

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

3,486
3,486
3,486
3,486
3,486
0
0
0
0
0
0
0
0
0
0

Guaranteed (SET A )
(b)
Survival
Benefit

300
300
300
300
300
600
600
600
600
600
600
600
600
600
600

(c)
Basic
Surrender
Value *

(d)
Rider
Surrender
Value *

602
1,236
5,071
6,936
8,897
10,221
10,159
10,094
10,027
9,956
9,881
9,802
9,720
9,632
10,600

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

(e)
Basic Death
Benefit1

10,000
10,000
10,000
13,044
16,230
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000

Non Guaranteed (SET B)

(f)
Rider Death
Benefit4

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

(g) = (c) + (d) + (L)

Total Surrender Value

(h)
Total Death Benefit 5

Scenario A

Scenario B

Scenario A

Scenario B

793
1,769
5,489
7,532
10,153
13,458
13,989
15,743
16,062
16,368
16,691
17,034
17,398
17,781
18,353

787
1,755
5,370
7,360
9,818
12,902
13,173
14,530
14,521
14,479
14,433
14,383
14,330
14,269
14,559

10,300
10,611
10,935
13,044
16,230
21,980
22,355
22,745
23,149
23,569
24,004
24,456
24,926
25,413
25,919

10,217
10,440
10,669
13,044
16,230
21,394
21,649
21,911
22,180
22,457
22,741
23,034
23,334
23,642
23,959

Note: Premiums shown and/or referenced to in the illustration above are exclusive of Goods & Services Tax (GST), if any.
Total Survival Benefits received prior to maturity = RM6,900.
1,4 5 Please

refer to Important Notes on page 7 for more information.

* Surrender value assumes that survival benefit for the year has not been paid out. If the policy is surrendered after survival benefit is paid out, the
guaranteed surrender value that you will receive will be lower than the amount illustrated.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 5 of 11

PRUcash double reward Quotation For

Main Life name:

razali

Illustration of Benefits for Non Participating Policy

Year

Age

(i)
Premium Paid at
Beg. of Year

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

751
751
751
751
751
0
0
0
0
0
0
0
0
0
0

Guaranteed (SET A)
(j)
PRUterm Death
Benefit

(k)
PRUlegacy
Death Benefit 2

100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

(l)
Surrender Value 6

0
101
558
867
1,197
1,244
1,140
1,035
925
807
678
535
377
198
0

Note: Premiums shown and/or referenced to in the illustration above are exclusive of Goods & Services Tax (GST), if any.
Surrender Charge 7

2,6,7

Year

Surrender
Charge (RM)

1
2
3
4
5
6
7
8
9
10

0
236
140
217
299
138
127
115
103
90

Year

Surrender
Charge (RM)

11
12
13
14
15

75
59
42
22
0

Year

Surrender
Charge (RM)

Year

Surrender
Charge (RM)

Please refer to Important Notes on page 7 for more information.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 6 of 11

PRUcash double reward Quotation For

Main Life name:

razali

Important Notes
1

The GUARANTEED basic death benefit is the basic sum assured OR total basic participating policy's premium paid to date (excluding GST, if
any) less sum of survival benefit of the basic plan paid to date (if any), whichever is higher.
PRUlegacy Death Benefit illustrated is payable annually from the policy anniversary following the occurrence of death or total & permanent
disability of the life assured until policy expiry date. Please refer to appendix for more details about the benefit of PRUlegacy Rider .

The Total Death Benefit (Participating and Non Participating Policy) illustrated is made up of Basic Death Benefit and Rider Death Benefit:
(a) Basic Death Benefit is the Basic Sum Assured plus Compound Reversionary Bonus plus Terminal Bonus on Death OR the total basic
participating policy's premium paid to date (excluding GST, if any) less sum of survival benefit of the basic plan paid to date (if any), whichever is
higher, plus accumulated survival benefit of the basic plan credited to date (if any) and PRUterm death benefit. It is not inclusive of PRUlegacy
death benefit. If PRUlegacy is attached, its death benefit will be payable in addition to the Total Death Benefit illustrated in page 4.
(b) Rider Death Benefit is the guaranteed surrender value (excluding the surrender value of the bonuses) plus Compound Reversionary Bonus
plus Terminal Bonus on Death OR the total Double Enhancer premium paid to date (excluding GST, if any) less sum of survival benefit of the
rider paid to date (if any), whichever is higher.
4
The GUARANTEED rider death benefit is the guaranteed surrender value (excluding the surrender value of the bonuses) OR the total Double
Enhancer premium paid to date (excluding GST, if any) less sum of survival benefit of the rider paid to date (if any), whichever is higher.
5
The Total Death Benefit (Participating Policy) illustrated is made up of Basic Death Benefit and Rider Death Benefit:
(a) Basic Death Benefit is the Basic Sum Assured plus Compound Reversionary Bonus plus Terminal Bonus on Death OR the total basic
participating policy's premium paid to date (excluding GST, if any) less sum of survival benefit of the basic plan paid to date (if any), whichever is
higher, plus accumulated survival benefit of the basic plan credited to date (if any).
(b) Rider Death Benefit is the guaranteed surrender value (excluding the surrender value of the bonuses) plus Compound Reversionary Bonus
plus Terminal Bonus on Death OR the total Double Enhancer premium paid to date (excluding GST, if any) less sum of survival benefit of the
rider paid to date (if any), whichever is higher.
6
If the surrender value is less than RM20 at the point the policy is surrendered, the surrender value will not be payable.
7
The surrender charge is applicable upon surrendering of the policy. The surrender value illustrated in this sales illustration is net of surrender
charge.
Benefits will never be less and premiums (excluding GST, if any) will never be more than those in Set A.
Set B illustrates the benefits and premiums payable if current practices and experience continue.
Policyholders are able to choose to leave the guaranteed survival benefit with the Company to be accumulated at an interest rate which may vary
from time to time at the discretion of the Company. The current interest rate is 5% p.a.
Reversionary and Terminal Bonuses, which may be more or less than illustrated, are NOT GUARANTEED and will depend on the operating and
investment results experienced by the Company.
In this quotation, the following assumptions are used: (a) Compound Reversionary Bonus starting from the first policy year illustrated as follows:Scenario A
Benefits

Scenario B

Reversionary Bonus per

RM1,000 Sum Assured

Compounding Rate (%)

Reversionary Bonus per

RM1,000 Sum Assured

Compounding Rate (%)

30.00

3.80

21.68

2.75

Basic Plan

(b) Terminal Bonus, which is based on the current product design and expected future experience of the Company, will only be paid if the net returns
earned by the Company enable it to pay such bonus and the quantum may be more or less than illustrated. This is a non-guaranteed bonus which
is payable when your policy ends - upon death, maturity or if you choose to surrender your policy. The terminal bonus is usually designed to give
policyholders a fair share of the past operating and investment results experienced by the Company, and this can make up a significant portion of
the final payout.
Past actual performance is not a guide to future performance which may be different.
The companys actual investment experience for the past 5 years is as follows:
Year

2010

2011

2012

2013

2014

Actual Performance

9.64%

5.94%

7.45%

6.60%

5.06%

After your plan has acquired a cash value and if you are unable to pay premiums, the Company will automatically advance premium on the
security of the cash value under the Automatic Premium Loan Scheme. You will continue to enjoy the benefits under the plan until the premium
loan plus interest is greater than the cash value.
If you decide to terminate your plan early, the cash value you receive may be less than the amount of premiums that you have paid.
A surrender charge (% of gross surrender value) will be levied upon surrendering the policy. It is illustrated as follows:Policy Year

1-2

3-5

6 & above

Maturity

Surrender Charge

70%

20%

10%

n/a

You should check that the plan meets your needs and that you can afford to pay the premiums throughout the premium payment period of the plan.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4

Page 7 of 11

PRUcash double reward Quotation For

Main Life Name:

razali

Notes:
Definition of a Participating Policy
A participating policy enables you to share in the profits of a life insurance Company. Profits that are allocated to the participating policyholders are
usually in the form of reversionary bonuses or cash bonuses/dividends. The actual payment of these bonuses or dividends are not guaranteed and can
increase or decrease depending on the operating and investment result experienced by the Company.
Types of bonuses payable on the policy
i) Reversionary Bonus
This is a non-guaranteed bonus which is allocated and added to the Face Amount of the participating policy, usually on an annual basis. Once
allocated, their values are guaranteed provided the policyholder continues to pay the premium as defined in policy contract. In addition to the Face
Amount, these bonuses are payable upon maturity of the policy, or on earlier death of the life assured. Nevertheless, if the policyholder chooses to
surrender the policy, the policyholder may not receive the full amount of the allocated bonuses. The amount of the bonuses payable may be
significantly lower compared to those payable if the policyholder kept his policy until maturity, or on earlier death.
ii) Terminal Bonus
This is a non-guaranteed bonus which may be payable when your policy ends - upon death, maturity or if you choose to surrender your policy.The
terminal bonus is usually designed to give policyholders a fair share of the past operating and investment results experienced by the Company,and
this can make up a significant portion of the final payout.
Bonuses are determined (in general) as below:
These bonuses are not guaranteed, and they are determined by the Company based on the operating and investment results experienced. For
example, if the investments have performed well over the past year, the Company may be able to pay a higher bonus. If the investment have performed
poorly, the Company may pay a lower bonus, or it may not be able to pay a bonus at all.
The bonuses paid are "smoothed". This means that, in years where the Company has experienced good operating and investment results, they may
hold back some of the profits and use them to top up bonuses in poorer years. This is a feature unique to participating policies. This means that a
Company will try to even out the payout to policyholders when result have not been so favorable. However, smoothing does not give you complete
protection against poor results. If poor results continue over several years, the Company may have to reduce bonuses to reflect the poor results.
You are advised to discuss with your life insurance agent or contact the company directly for more information on your participating policy.
Disclaimer
This document is intended for your general information only. It does not contain exhaustive information relating to the subject matter.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4
Page 8 of 11

PRUcash double reward Quotation For

Main Life Name:

razali

Brief Description Of The Plan

Appendix

Participating Basic Plan

PRUcash double reward is an anticipated endowment with profits policy which pays a guaranteed survival benefit every year before maturity starting
from the end of the 1st policy year and 100% of the sum assured plus bonuses on maturity, total & permanent disability before age 60 or upon death.
Please refer to conditions for Death and Total & Permanent Disability for terms and exclusions.
Sum Assured payable under PRUcash double reward upon death and total & permanent disability is shown as follows:

Policy year

Sum Assured payable

1 to 5

100% of Basic Sum Assured

6 to maturity

200% of Basic Sum Assured

Survival benefit will be payable upon survival of life assured to the end of policy year. It will ceases upon death or total & permanent disability of life
assured. The survival benefits payable are shown as follows:

End of Policy year

Survival Benefits payable

1 to 5

3% of Basic Sum Assured

6 to maturity

6% of Basic Sum Assured

Supplementary Benefits

PRUterm is a level term assurance which pays the sum assured on total & permanent disability before age 60 or death. Please refer to conditions
for Death and Total & Permanent Disability for terms and exclusions.
Notes:
PRUcash double reward is not a Shariah-compliant product.

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4
Page 9 of 11

Appendix

Conditions
Death
If it is a suicide within the first year, all premiums paid (excluding GST, if any) will be returned without interest.
Total and Permanent Disability

In the event of total and permanent disability before age 60, one lump sum payable under all policies with the Company on any one life is up to
RM1 million. Any excess will be paid on the anniversary of the disability subject to proof of continued disability. Upon earlier death, the balance
shall be payable.
Total and permanent disabilitiy shall means :
- while below the age of sixteen (16) years, suffers an accident or illness / sickness and as a direct result of such accident or illness/sickness that
(a) requires constant care and attention; and
(b) is confined to his home under medical supervision or in a hospital or similar institution
- while aged sixteen (16) years but below the age of sixty-one (61) years
(a) becomes permanently and completely unable to engage in any occupation and is permanently and completely unable to perform any
work for remuneration or profit; or
(b) totally and irrecoverably loses sight in both eyes; or
(c) totally and irrecoverably loses by severance one limb each at or above his wrist and ankle, or two limbs at or above his wrist or ankle; or
(d) totally and irrecoverably loses sight in one eye and totally and irrecoverably loses by severance one limb at or above the wrist or ankle.
Disability must be permanent and must last for a minimum period of 6 consecutive months.
No benefit is paid if the disability is directly or indirectly caused by
(a) any attempted suicide or self-inflicted injury whether attempted/inflicted while sane or insane; or
(b) any traveling in an aircraft other than as a pilot or a member of a crew or a fare paying passenger in a commercial aircraft licensed for
passenger service on scheduled flights over established routes only; or
(c) any participation in any aerial sporting activities such as hang-gliding, ballooning, parachuting, sky-diving, bungee jumping and other such
similar activities

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4
Page 10 of 11

PRUcash double reward Quotation For

Main Life Name:

razali

Discounted Advance Premium in One Lump Sum

Policy Term

Premium Payment Term

First Year Premium

Discounted Advance Premium in

One Lump Sum

15

RM4236.90

RM19892.17

The first year premium (inclusive of Goods and Services Tax (GST), if any) for this policy is shown in the above table. Total amount of premium
payable for 5 years is RM21,184.50.
The Discounted Advance Premium (including GST, if any) payable in one lump sum for this policy is RM19892.17.
Upon payment of the lump sum Discounted Advance Premium and subject to the conditions below, Prudential Assurance Malaysia Berhad (PAMB)
will not bill you for any future premium during the premium advance period.
Terms & Conditions
The payment of the Discounted Advance Premium in one lump sum is subject to the following terms and conditions:The payment must be made in one lump sum and not in several post dated cheques. No credit card payment is allowed.
The amount of Discounted Advance Premium above is only applicable if the proposal is acceptable by us on standard rates. However, this
quotation will become invalid and a revised Discounted Advance Premium quotation may be issued if the First Year Premium shown in the table
above is subsequently changed due to any reasons whatsoever.
You are not permitted to withdraw part or whole of the monies remitted for advance premiums after one year from the policy anniversary/inception
when the Discounted Advance Premium was first applied. If you make a withdrawal during this one year period, the remaining balance of the
Discounted Advance Premium and its corresponding GST portion, if any, will be refunded to you, and after that, you will be required to pay the
remaining premiums (including GST, if any) for the above policy according to the terms in the policy document or any subsequent endorsement
(whichever is applicable).
Before the end of the Premium Payment Term, upon Total and Permanent Disability or death, the remaining balance of the Discounted Advance
Premium and its corresponding GST portion, if any, will be refunded to the claimant together with the sum assured and any vested bonus under
the policy.
Before the end of the Premium Payment Term, should you decide to surrender the policy, the remaining balance of the Discounted Advance
Premium and its corresponding GST portion, if any, will be refunded by PAMB to you together with the surrender value of your policy.
All premiums except for death and Total Permanent Disability and any GST amount payable are non-guaranteed and subject to change on a
portfolio basis or due to a change in the prevailing GST rate, at our discretion. The Discounted Advanced Premium that we have quoted for the
above policy will change if there is a revision of the non-guaranteed premiums, endorsement performed or a change in the prevailing GST rate
which affects the premium amount and/or GST amount payable. We will inform you if there is any revision of the non-guaranteed premiums or
GST amount payable, and if you are required to pay an additional amount to cater for the increase in premiums or GST amount payable. If you
fail to pay this additional amount within the time that we inform you, this Discounted Advanced Premium arrangement will be cancelled and
treated as never having taken effect. In such an instance, we shall calculate the amounts of discounts on premiums given and its corresponding
GST portion, if any, and deduct this amount from the remaining balance of the Discounted Advanced Premium. The balance after this deduction
(if any) will be refunded to you, and after that, you will be required to pay the remaining premiums (including GST, if any) for the above policy
according to the terms in the policy document or any subsequent endorsement (whichever is applicable).
This quotation is valid for 30 days from the date of this document.
Reply Slip: (To be completed by the Assured and returned to us)
I understand and agree with the above Terms & Conditions specified for payment of Discounted Advance Premium.
Please find my payment details as below:

* Payment Method (Please Circle):

Cash / Cheque

* Cheque Number:
* Amount Paid:
* Proposal Number:
* Indicates mandatory field.
Signature of Assured

Name of Assured:
Date:

Doc ID: 12301028

Presented by :
Date:
Version :

razali z1a00022
18 Nov, 2015
SQS - Agency ver 5.6.0.4
Page 11 of 11