Some basic terminologies

There are some terminologies to help you to understand more about your benefits from this product.:

• Premium: is the money that you pay regularly every year for PRUlink. You can pay this premium on a yearly, half – yearly, quarterly, or monthly basis

• Investment fund: is the fund/s where your premiums are invested. This product offers five different investment funds for you to choose from, each having varying proportions of equity and debt instruments; With the availability of 6 diverse investment fund options, you can select the fund/s that match your investment profile 

• Unit price: for each investment fund is defined as the market value of all the investments under the particular fund plus the current assets, minus all the liabilities and tax that relevant to the investment fund, and then divided by the total number of units outstanding in that fund. This is the price at which you can sell or buy the units of the corresponding investment fund

• Policy Fund Value: is defined as sum of total number of units under each investment fund of the policy multiply by the corresponding unit price of that investment fund, prevailing at that point in the time

• Sum Assured: this is the amount that provides protection to your family, in case of an unfortunate event of death or TPD. The Sum Assured is calculated as a product of the chosen Sum Assured Multiple (as per the product rules), and the annual premium under the product

• Rider: In addition to the life insurance benefit, additional protection can be secured by attaching riders to the base PRUlink product. These riders provide you a comprehensive protection against unfortunate circumstances like critical health conditions, disability or death caused due to accidents, etc, , . Attaching these riders to PRUlink, ensure a more comprehensive financial protection for you against unfortunate events in life

• Surrender Value: This is the value, which is payable to you in case you decide to surrender the policy. This is equal to the policy fund value at the time of surrender net of applicable surrender charges.

• Top up: it is a facility that provides you the opportunity to make additional investment over your regular annual premium at your own convenience. You can do top-up at anytime at your own convenience during the policy term provided the policy is in force

PRUlink - a perfect solution for your protection and investment needs:

With PRUlink you get:

• Benefit of a financial solution that provides protection to your loved ones
  Life insurance benefit with the sum assured, which you can choose depending upon your requirements.

• Benefit of comprehensive overall protection with riders
  Additional protection benefits against accidental disability, hospitalization and critical illnesses with the help of riders that provide financial protection by paying living benefits.

• Benefit of investments to meet your long-term wealth creation objectives
  Six diverse and professionally managed investment fund options with varying proportion of equity and debt. You can choose a mix of these funds, based on your investment objectives and risk tolerance. Also, you get loyalty additions on a regular basis that further enhances your wealth creation.
  And options that give you the benefit of complete control of your financial planning

• Option to change your sum assured and premium
  Increase or decrease your annual premium based on your changing financial circumstances; you also have the option to change your sum assured as per your life stage needs

• Option to withdraw from your policy value as well as top-up premiums
  Partially withdraw from your policy fund value to take care of intermittent liabilities; while you can also make additional investment with top-up premiums as and when you want

• Option to switch between the investment fund options
  Switch between the available investment fund options to match your changing financial and investment objectives

And many more,

Now, with PRUlink, you can potentially grow your money through investments, while providing your family comprehensive protection

Why Prulink Suitable for you?

PRUlink is an investment linked product, which provides you the twin benefit of protection and investment in one product.

It is a suitable product for you, to meet your long-term financial milestones objectives by providing you option to potentially grow your wealth while providing protection to your family through insurance. It also suits your investment objectives by providing you various fund options for investments that can be matched with your risk-tolerance

For this plan, ages at entry of the customer is from 18 to 60 years old.

And minimum annual premium for the product would be based on the rider chosen, and is as follows:

How does PRUlink works for you?

PRUlink is an Investment Linked product, which works as follows;

• Based on your financial planning and your need of protection and investment, you can decide the annual premium and the sum assured. The sum assured is the product of the chosen sum assured multiple and your annual premium

• Your premium (net of the premium allocation charge) is invested in the investment fund of your choice, to purchase units in the corresponding investment funds. Unit price of each of the investment fund/s decides numbers of unit under each investment fund of your policy

• The other charges like the administrative charge and cost of insurance (for the life insurance and rider benefits) will be y deducted by cancellation of units on a monthly basis

• Net units and the corresponding unit value of each of the investment funds shall decide your policy fund value. Every time, the premium is paid, the same process is followed and the continuous allocated premium increases your policy fund value.

• Policy fund value shall potentially increase depending upon the actual performance of each the investments fund

How does PRUlink protect for you and your family?

Should the risks unfortunately happen that results in the death or total and permanent disability (before age of 65), the financial protection with the life insurance cover benefit will be provided to your family. In such an event of death or a total and permanent disability, a lump sum payment of 100% of the sum assured and policy fund value is made as the benefit.

The sum assured of the product can be chosen by choosing an appropriate sum assured multiple based on your protection requirements. The stipulated sum assured multiples for this product are as follows:

How PRUlink provides a comprehensive protection through additional protection benefits?

A comprehensive protection plan is to provide you and your family the benefits of not only against an unfortunate event of you not being around, but also against critical health conditions, incidences of hospitalization and major disabilities. All of these unfortunate events shall have an impact on your life changing and may result in loss or reduction of income and may be a dent on the long term saving.

PRUlink provides a number of valuable riders that help you get the confidence of overall financial protection against all kinds of uncertainties. These riders provide living benefits on the occurrence of the covered events. You can choose the following riders for a comprehensive financial protection and peace of mind.

• Accidental Death Benefit.
• Accidental Death & Dismemberment 123.
• Hospital Care Benefits.
• Major Medical Benefit.
• Major Medical Waiver.

Any changes (addition of new or cancellation of existing) of the riders selected at the inception of the policy is only allowed after the completion of the two policy years

Please refer to Policy wording for complete term and conditions of insurance benefits above

How PRUlink proviprovides you long-term wealth creation benefits?

• Availability of investment fund options to match your investment profile
  Upon buying PRUlink, you have the option to choose which investment fund you would like to invest your premium in. This usually depends on your expectation on returns and preference of risk and how each fund’s objectives shall meet that of your investment preference. At present, Prudential offers you 6 funds, details are as the table below.

Based on the profile of each of the fund, you can invest in one or any combination of the PRUlink funds to tailor your own investment portfolio in order to suit your own investment preference of certain level of risk and return

PRUlink funds are managed by our professional and experienced fund managers of Prudential Vietnam fund management Company

• Increased allocation rate for larger premiums

The more premium you pay, the higher is the allocation rate of your premiums into the investment funds of your choice

• Loyalty additions

Provided that your policy is in force, loyalty additions would be credited to your policy fund value in the 10th policy anniversary and every subsequent 5th policy anniversary

Every loyalty addition is equal to 1% of average of policy fund value over 60 months preceding the date of the credit of loyalty additions

• Maturity benefit

This PRUlink policy will be mature, when the life assured attains the age of 80 years. On maturity, the policy fund value is payable and the policy is terminated

How PRUlink provide you the benefit to be totally in control of your financial planning?

• Partial withdraw: PRUlink offers you a benefit of liquidity that you can partial withdraw your policy fund value at any time as per the applicable rules of Prudential to meet any of your sudden financial needs, while maintaining your long – term financial plan. Your policy fund value will get reduced by the amount of partial withdrawal, but the chosen sum assured will not be affected. However the partial withdrawal are subject to the following rules:

• Top-up: your making addition investment needs may arise at anytime when you have any leisured money and desire to invest them effectively. Top-up option will allow you to buy more units at as little as VND 2 million at one time. 95% of top-up premium fully used to buy units with no increase on the sum assured

• Switching between funds: Understanding that your financial priorities and investment objectives change overtime, PRUlink provides you one free switch each year to allow you to switch your investment between these PRUlink funds. Of course, you can do more switches over each year at your ease to match your investment needs subject to the switching fee stipulated by Prudential VN.

• Change in premium: you can increase or decrease in your annual premium at any policy anniversary date from the 6th policy year but not lower than the minimum premium as stipulated at the time of inception of the policy (based on the number of riders chosen by you). Additionally, the ratio between the sum assured and annual premium has to be maintained as per the minimum and maximum limits under this product

• Change in sum assured: Your protection needs may change time to time at each stage of your life, understanding that, PRUlink offer you the right to increase or decrease sum assured from the 3rd policy year. The increase sum assured may subject to medical underwriting. Additionally, the ratio between the Sum Assured and Premium has to be maintained as per the minimum and maximum limits as applicable under this product

The applicable charge of PRUlink

• Premium Allocation charge: This charge is deducted from the regular premium paid by you. This charge depends on the annual regular premium and policy year, which is as follow:

• Cost of insurance: This charge is deducted from the policy fund value by the cancellation of units. These charges are deducted on a monthly basis. The cost of insurance charges is levied to provide the life insurance benefit and the benefits of rider protection. The rider charges are deducted, only if riders are chosen by you
  Cost of insurance charge is dependent on the attained age in each policy year and the gender of the life assured.

• Administration charge: 18,000 VND/ month, to be deducted through cancellation of units

• Switching fee: free of charge for the first switch and 1% switching amount from the second switch onward for each policy year (max:200.000VND)

• Partial withdraw charge: 1% of withdrawal amount for each partial withdraw from policy year of 8th

• Surrender charge:

• Fund management charge: Be calculated as a percentage of total fund asset value and be deducted at each Valuation Date. There is a FMC rate for each fund:

1. PRUlink Vietnam equity fund: 2.5% per annum
2. PRUlink Growth fun: 2.0% per annum
3. PRUlink Balanced fund: 1.75% per annum
4. PRUlinkStable fund: 1.5% per annum
5. PRUlinkVietnam bond fund: 1% per annum
6. PRUlinkPreserver fund: 1% per annum

PRUlink - Not only protect you and your family but also meet your investment objectives!