Prudential Singapore has launched PRUCrisis Cover
Vantage, the company’s first critical illness product
designed for affluent individuals.
The product offers a payout of up to S$500,000
($397,425) for the diagnosis of an early stage medical condition
and up to $250,000 for selected diabetic complications.
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In the event of an accident or mishap, the
policy has an accidental death benefit of 100% sum assured
coverage, or $1 million, whichever is lower in the event of an
accident.
In the event of death, the payout is 10% of
the sum assured or $100,000, whichever is lower.
Tomas Urbanec, executive vice president and
chief marketing and partnerships distribution officer of Prudential
Singapore, explained that PRUCrisis Cover Vantage is an
extension of the PRUVantage Portfolio suite of wealth
management products catered specifically to address the special
needs of affluent and successful individuals.
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By GlobalDataUrbanec said: “Besides wealth preservation, it
is equally important that affluent individuals are assured of
access to first class medical treatments in the event of an
unexpected illness.”
Prudential Singapore is an indirect
wholly-owned subsidiary of UK-based Prudential.
Prudential Singapore has more than 680,000
policyholders with over 1.6m policies.
