July 19, 2012

Pru launches a new rider for their PAR plans: Max Protection Multiplier

More protection as you save
Created to complement the main PAR Plans: Prucash max limited pay, Prusave max limited pay (SGD) and Prusave limited pay endowment plans, Max Protection Multiplier is a limited premium payment term supplementary benefit that lets you enjoy better protection coverage throughout your policy term.
Max Protection Multiplier provides a sum assured equivalent to 5 times or 10 times of the annual premium of your main endowment plan. It is paid over and above the lump sum payout you may receive from your main endowment plan.

  • Death Benefit – Pays out 100% of the sum assured.
  • Accidental Death Benefit – Pays out double the sum assured
  • Accelerated Disability Benefit – Pays out 100% of the sum assured
This rider is going to be used to help drive up profitability of their typically lower margin Endowment plans. 
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