The flexibility to buy individually or jointly

If you and your spouse jointly own the property, PRUMortgage offers you the option of dual coverage with two individual policies. Here's an example of how it works for a couple paying off a 25-year housing loan of S$500,000 at an interest rate of 3% p.a..

Crisis Waiver III is a supplementary benefit which can be added to the PRUMortgage policy.

Alternatively, you can opt for a joint life PRUMortgage policy which pays off outstanding housing loans upon the death of either party¹¹, and then the policy terminates.

Footnotes:

1. Optional Disability Benefit provides coverage against Total & Permanent Disability during the term of the policy and can only be added at the start of the policy.
2. Guaranteed premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, for a PRUMortgage policy.
3. Guaranteed premium quoted is on an annual basis for a non-smoking female, age 35 next birthday, for a PRUMortgage policy.
4. Guaranteed premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, and a non-smoking female, age 35 next birthday, for a PRUMortgage policy.
5. Guaranteed premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, for an Disability supplementary benefit.
6. Guaranteed premium quoted is on an annual basis for a non-smoking female, age 35 next birthday, for an Disability supplementary benefit.
7. Guaranteed premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, and a non-smoking female, age 35 next birthday, for Disability supplementary benefit.
8. Non-guaranteed premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, for a Crisis Waiver III supplementary benefit.
9. Non-guaranteed premium quoted is on an annual basis for a non-smoking female, age 35 next birthday, for a Crisis Waiver III supplementary benefit.
10. Non-guaranteed premium quoted is on an annual basis for a non-smoking male, age 40 next birthday, and a non-smoking female, age 35 next birthday, for a Crisis Waiver III supplementary benefit.
11. For joint life PRUMortgage policy, the benefits will be payable if either one of the two Life Assureds (first occurrence only) dies, becomes totally and permanently disabled or suffers terminal illness during the term of the policy. If both Life Assureds either die, become totally and permanently disabled or suffer terminal illness at the same time, we pay only for the first life assured (not both) named on the Certificate of Life Assurance. Please refer to the policy for specific details.

Note:

You are recommended to read the product summary and seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.

As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some of the supplementary benefits are not guaranteed and may be adjusted based on future claims experience.

The information on this website is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy documents that can be obtained from your Prudential Financial Consultant.

The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

Information is correct as at 22 Aug 2019.

This advertisement has not been reviewed by the Monetary Authority of Singapore.