PRU-edusaver

Parents’ happiness is to see their child grow up and excel in life. For that, parents always try to bring to their child the most comfortable life and the best education plan as possible.
To become the parents’ companion in the journey of nurturing your kids’ bright future, Prudential introduces PRU-EDUSAVER, a financial solution that helps you plan and realize your child’s education plan from today

Highlights

up to 400% sum asured

Education benefit

quyền lợi bảo vệ khi mua bảo hiểm

Protection benefit

Quyền lợi mở rộng là quyền lợi bảo hiểm nhân thọ có kỳ hạn và quyền lợi phát hành hợp đồng mới

Enhanced insurance benefits

quà tặng khởi nghiệp khi mua bảo hiểm Prudential

Excellent Graduation Award

Product Details

Premium Term

8 - 18 years

Policy Term

Premium term + 4

Entry Age

18 - 60 years old

Cash Benefit

- Education benefit: 175% Sum Assured + Reversionary bonus and Terminal bonus.

- Excellent Graduation Award: 25% Sum Assured if the nominated biological child/grandchild graduates from University with First Class or equivalents.

TPD Benefit

- 100% sum assured

- Remaining premium is not required, however, education benefit is guaranteed as planned and opportunity for Excellent Graduation Award.

Death Benefit

100% Sum Assured

In case Life Assured dies due to accident, Prudential pays additional:

  • 100% Sum Assured if Life Assured has no biological child; or
  • 100% Sum Assured x numbers of biological chilren of Life Assured, not exceeding to 300% Sum Assured and 3 billion dong per life.

Remaining premium is not required, however, education benefit is guaranteed as planned and opportunity for Excellent Graduation Award.

Other Benefits

- Child level term benefit.

- Policy Issuance Option without underwriting.

Critical Illness Benefit

- Terminal illness: 100% Sum Assured

- Remaining premium is not required, however, education benefit is guaranteed as planned and opportunity for Excellent Graduation Award.

Build up an education fund for your child with 175% Sum Assured (SA) meeting essential expenses of child’s education plan. Moreover, bonuses (non-guaranteed)(1) include reversionary bonus (RB) paid out together with education benefit and terminal bonus (TB) paid out together with the last installment of education benefit.

Customers can choose to leave Education benefit at Prudential until end of policy term to earn interest.

Child level term rider benefit

In order to enhance your child’s insurance benefit, PRU-EDUSAVER offers free term life rider for your child(2) during the last 4 years of policy term with SA equals to 50% SA of basis policy, not exceeding  200 million dong.

Excellent Graduation Award

A cash reward equal to 25% SA is a special career start-up gift for your child if he/she graduates from University with Bachelor Degree as First Class or equivalents(3).

Policy issuance option(4)

Prudential also wants to be your child’s companion build up a secure financial plan by providing you with policy issuance option without underwriting when you purchase new policy for your child with SA up to 750 million dong right after end of this policy term.

Financial protection against different risks

PRU-EDUSAVER shall pay 100% SA in case of unfortunate events including death or total and permanent disabilities (TPD) or terminal illness (TI) which happens to the breadwinner.

In the event LA dies due to accidents(5), Prudential shall pay addition to death benefit:

  • 100% SA if Life Assured has no biological child or
  • 100% SA x numbers of biological children of LA, but do not exceed to 300% SA.

All attached riders to PRU-EDUSAVER policy (if any), child level term rider benefit and policy issuance option will be automatically terminated from the date of LA’s death or TPD/ TI claim payment approved to be paid out.

Notes:

All features and insurance benefits presented herein are summarized for reference only. All features and conditions thereof shall be carried out in accordance with the Terms and Conditions as approved by the Ministry of Finance. 

Please study the Terms & Conditions carefully to understand the product’s benefits, features and charges.

  • Bonuses mentioned including RB and TB are the share of profits (non-guaranteed) of Participating fund, in which RB is the bonus declared annually and vested at the event date or at the end of premium term, whichever is earlier. TB is the bonus declared and paid at policy maturity date.
  • Child level term benefit is applied once and Policy Owner (PO) or LA (in case PO is an organization) has 60 days to nominate once 1 person who is biological child/grandchild of PO; from 90 days before end of premium term till 30 days before end of premium term. The nominated biological child/grandchild of PO, whose age from 12 to 22 years old at end of premium term, has never been had any sign, symptom, diagnosed, treated for developmental delays, cancer or growth of any kind, hepatitis, epilepsy, or any disease or disorder of the heart, blood, blood vessels, respiratory system, kidney(s), liver, stomach, bowel, diabetes mellitus, brain diseases, spine disorder or congenital disease. This benefit will be automatically terminated if Policyholder fails to nominate within required period.
  • Excellent Graduation Award is applied once if the valid nominated child (nominated at the time of submission of Insurance Application Form whose age must be below 18 years old at nomination time) graduates from accredited universities in Vietnam before or on Policy Maturity Date with Bachelor Degree as First Class or equivalents. If the valid nominated child dies, within 90 days from the date of his/her death, Policyholder is entitled to re-nominate his/her other biological child/grandchild whose age must be below 18 years old at time of submission of Insurance Application Form. This benefit will be paid together with the last installment of education benefit. This benefit will be automatically terminated if Policyholder fails to nominate within required period. This benefit will be automatically terminated if Policyholder fails to nominate/renominate within required period.
  • This benefit is applied once and the LA of the new purchased policy is also the LA of Child Level Term rider (but can be different from nominated child/grandchild of Excellent Graduation Award) and entering to the new policy within 60 days from policy maturity date of main policy. The nominated biological child/grandchild of PO has never been had any sign, symptom, diagnosed, treated for developmental delays, cancer or growth of any kind, hepatitis, epilepsy, or any disease or disorder of the heart, blood, blood vessels, respiratory system, kidney(s), liver, stomach, bowel, diabetes mellitus, brain diseases, spine disorder or congenital disease. The list of insurance products which is to be issued does not include products providing critical illness benefit. This benefit will be automatically terminated if Policyholder fails to nominate within required period.
  • Benefit is applied in case LA dies due to accident within 180 days from the date of accident. In all cases, including the case of having more than 1 policy of PRU-EDUSAVER product approved to be paid out, total Accidental Death benefit is not exceeded at VND 3 billion.

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