Unit-linked insurance product PRU-FLEXINVEST

• Maturity benefit:

  • 100% Policy Account value

• Total and Permanent Disability Benefit:

  • 100% Sum Assured (SA) + PFV

  • TPD benefit is not eligible since the policy anniversary date right after the LA attains the age of 80.

In case that death or TPD of the LA happens prior to attaining the age of 4, the benefit would be paid according to Terms and Conditions of the product

• Death benefit:

  • 100% Sum Assured (SA) + PFV

In case that death or TPD of the LA happens prior to attaining the age of 4, the benefit would be paid according to Terms and Conditions of the product.

• OTHER BENEFITS

1. Opportunity to invest and increase assets effectively with funds PRUlink
Diversified investment portfolio and effective investment history with 07 funds PRU links managed by experts from Eastspring Investments Fund Management Company Limited. Eastpring Investments is Asia's leading asset management company with total assets under management of approximately 195 billion USD (as of September 30, 2018).
2. Increase protection for the whole family with complementary insurance products
PRU- FLEXINVEST gives you and your family complete peace of mind when participating in additional complementary products to increase financial protection against common risks such as accidents, serious illnesses, and hospitalization or surgery
3. Proactively decide on your protection and investment plan
PRU- FLEXINVEST provides flexibility during your policy term with Prudential Vietnam such as:

• Select/change investment rate
• Switch funds
• Top-up premium
• Free of charge for withdrawals
• Adjust the sum assured according to the conditions in the Product Rules and Terms.

4. Changing insurance benefits after age 70: The policyholder has the right to change the insurance benefit option once, from the Policy Anniversary immediately after the Life Insured reaches the age of 70 for Death or TPD benefit. Prudential will pay the greater value between Sum Assured and Fund Account Value (*) 
(*) The TPD benefit only applies before or on the Policy Year Anniversary immediately after the Insured reaches the age of 80. This benefit will deduct Debts and Fund Account Values partially withdrawn in advance from the date of death event occurred, if any.
5. Gift for participating in high-value contracts(*): This is an initial gift for customers participating with a target premium amount of 50 million VND or more.
6. Loyalty bonus(*): A gift for customers who join a long-term policy and premiums are fully paid, starting from the 5th anniversary of the policy and every 5 years thereafter.
A loyalty bonus as 3.5 % of preceding 60-month average TP Account value and Top-up Account value is payable into the policyholder (PO)’s TP Account and Top-up Account respectively. 

(*) Detailed conditions applied. Please prefer to our Product Terms & Conditions.
 

Entry Age: 30 days - 65 years old
Policy term: maximum 99 years old
Equal to Policy Term. Flexible payment of fees from the 6th year of the contract (*).
(*) TP is mandatory for the first 5 policy years (called must-pay period). After that, the PO can pay any amount of premium at any time as long as FV is maintained to be above 0. Reducing/suspending premium payments for a long time may affect insurance benefits and the Contract may become invalid if the Contract Fund Value is not enough to pay the Risk Insurance Fee and/or Management Fee. contract. Customers should maintain regular premium payments and additional investments to ensure the validity of the contract and maintain protection and investment goals as planned.
Serving needs: Financial protection against risks & investment opportunities for asset growth

Note: All product features and insurance benefits listed in this document are for summary purposes only and are for reference only. All corresponding benefits and conditions will be implemented in accordance with the provisions of the Insurance Terms and Conditions approved by the MOF.
 

1. Death claim exclusions

• Suicide whether sane or insane, within 24 months from the Risk Commencement Date or the latest Reinstatement date, or the effective date of the increased SA, whichever is later; or 
• Intentional acts of Life Assured, Policyholder, and/ or the person who receives the benefit; or
• HIV infection, Acquired Immune Deficiency Syndrome (AIDS) and/ or AIDS related diseases; except the case HIV or AIDS acquired when performing work duty as a medical staff or police officer
• Due to execution of the death sentence

 
2. TPD Claims Exclusions:

• Occurs prior to Policy Effective Date, or prior to the latest reinstatement date, whichever is later; or
• Be the result of attempting suicide caused Total and Permanent Dismemberment or self-inflicted injury of Life Assured whether sane or insane; or
• Be the result of intentional acts of Life Assured, Policyholder, and/or the person who receives the insurance benefits
• Participate in flying aircrafts or any aviation activities except for as a fare-paying passenger of scheduled and licensed commercial aircrafts

The Exclusions herein are for reference only. Details of regulations of Insurance policy are specified in the Terms and Conditions.

1. Partial withdrawal from fund account value
Limit amount of withdrawal: No limit if The minimum remaining fund value of each fund after withdrawal must be at least VND 1,000,000 based on the unit price at of the next pricing date;
Limit of withdrawals: No limit
Partial withdrawal fees Not applicable
Note:

• The Fund Unit Price applicable to this transaction will be based on the Fund Unit Price at the next Pricing Date regulated by PVA from time to time.
• Withdrawals will be made in priority order from Top-up Account first and then to Policy Account Value

2. Switching of Prulink funds
Minimum switching amount No limit
Maximum switching amount No limit
Number of switching funds inquiry No limit
Switching fund charges Fund switching is free of charge
Note: 

• PO can only switch among the funds within the same account (either Fund account or Top-up account)

3. Top-up
Minimum top-up amount 2 million dong/ transaction
Maximum top-up amount within 1 policy year Not excess 10 times of initial premium amount
Note

• Top-up Premium is the excess amount in each premium payment after all the required past and current policy year’s Target Premiums have been fully paid
• Top-up premium is only allocated and used to purchase units after 21 days free-look period 
• In case an Top-up amount is requested before the end of Free-look Period, the fund unit price is determined at the next Pricing Date after the end of the Free-look Period. In case an Top-up amount is requested after the Free-look Period, the fund unit price will be determined on the next Pricing Date after the date of Top-up request

This is an insurance product provided by Prudential Vietnam, not a product of MSB operating as insurance agency. Participating in the insurance product is not a mandatory condition for carrying out any other activities and services of MSB.