PruBSN Protect

PruBSN Protect

Cover what's important. Protect your loved ones.

PruBSN Protect prepares you for the unwanted event of either loss of life or disability. This provides financial continuance for you and your loved ones to carry on despite the fact that your income has stopped.

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Provides your family with cash if you lose your life Provide you with cash if you cannot continue to earn a living due to a total and permanent disability Sum covered increases 5% in every 3 years Compensate your business partners of your loss

Our loved ones depend on us In everything we do, we commit to one specific goal. The goal to achieve peace of mind at old age and leaving a legacy to our loved ones. This commitment is the best we can give to them. However, what if we face any untoward situations at any point in life? In the absence of a good plan, we leave our loved ones without a source to keep going. It is important to have a financial plan in place. One that will provide you and your loved ones protection in case the unexpected events in life happen. Here are some frequently asked questions to help you understand our product better.

What is PruBSN Protect? PruBSN Protect is a regular contribution plan that provides financial continuance for you and your loved ones to carry on despite the fact that your income has stopped. Through varying types of commitment, you can have a plan specific to your life and needs. This innovative coverage takes into consideration life's every possibility to provide a specific solution to keep you and your family going. PruBSN Protect. A plan designed with everyday life in mind. How PruBSN Protect helps you? Financial protection for your family Provide your family with cash if you lose your life, so they can go on with their life Financial protection for you Provide you with cash if you cannot continue to earn a living due to a total and permanent disability Financial protection against inflation With PruBSN Protect Plus, your sum covered increase in every 3 years and thus protecting your coverage against inflation Leave legacy for those you love Secure your love ones against financial hardship in the events of your demise Secure your business continuity Compensate your business partners of your loss Minimal contribution for comprehensive benefit Ensures full financial protection with contribution as low as RM0.67 a day! Secure A Home For Your Family Use the cash provided from this plan to pay off your mortgage to secure a home for your family if the unexpected happens to you Keep your loved ones secured from financial burdens Your family can use the pay out to settle any outstanding debts Which plan is suitable for me? If you want... We give you... PruBSN Protect PruBSN Protect Plus A plan that will last long enough to ensure your loved ones are adequately protected Coverage against loss of life until you are 80 years old A plan that will last long enough Coverage against total and permanent disability until you are 70 years old Protection for your little ones Protection for your child from as early as 30 days old To continue protecting your child in his/her adulthood Ability to convert your child's coverage to an adult plan upon his / her 19th birthday An affordable protection plan Value-for-money plan according to your budget A hassle-free sign-up process Automatic acceptance for a certain level of coverage Option to enhance your protection level Additional benefits to protect you against accidental mishaps and additional benefits to protect your income An inflation-proof financial plan Automatic increase in the amount of your coverage in every three years A plan that does not require you to pay more over the years The same amount of contribution throughout the duration of your coverage ProtectPlus The following chart illustrates the increasing sum covered scenario with PruBSN Protect Plus. How to further enhance your PruBSN Protect? To cover you against accidental mishaps Accidental Death and Disablement (ADD) Provide your family with cash if you lose your life and cash for you if you become disabled due to accident Accidental Medical Reimbursement (AMR) Get cash reimbursement for your medical expenses if you are being treated for an accident Weekly Indemnity (WI) Get weekly income during your temporary disability because of accident Please note that AMR and WI need to be taken up in conjunction with ADD. To cover you against lose of income Family Income Benefit Provides your loved ones a monthly income if you lose your life, get diagnosed with a critical illness or become totally and permanently disabled Contributor Assist to pay for your future contribution if you diagnosed with a critical illness Spouse Contributor Pays for your future regular contribution if your spouse: passes away, or get diagnosed with a critical illness, or becomes totally and permanently disabled Parent Contributor (only applicable if the covered person is below 19 years old at entry) Pays for your future regular contribution if your parent: passes away, or get diagnosed with a critical illness, or becomes totally and permanently disabled Who can take up PruBSN Protect? You can take up this plan as early as 19 years old next birthday and as late as age 65 next birthday. You can also start protecting your child as young as 30 days old. How much is the contribution for PruBSN Protect? The minimum monthly contribution for this plan is RM20. However, your actual contribution shall depend on the following: your age your amount and term of coverage your health status your occupation (if applicable) your gender your payment method and frequency What is not included in PruBSN Protect coverage? PruBSN Protect does not cover the following situations. If any of these happen, the benefits offered under the plan will not be payable to you. If the loss of life occurs as a result of suicide within one year of the inception date of the certificate If total and permanent disability occurs due to attempted suicide and self-inflicted injury If the total and permanent disability occurs because you are involved in dangerous aerial activities (including parachuting and sky-diving) unless you are part of a flight crew or as a paying passenger on a licensed commercial flight operating on a regular and designated route If you do not disclose important information such as pre-existing illness and so forth during your application for the plan How PruBSN Protect works? PruBSN Protect is based on Wakalah Mudharabah model where we put your contribution into your account after we take a portion of it as Wakalah charge. This is a fee for the services we provide. The Mudharabah allows you to share any investment profit from your account and Tabarru' fund. You will receive 80% of the profit whilst we will receive 20% from it. Your portion will be placed back into your account and Tabarru' fund respectively. The details of Wakalah charge and other related charges are listed in the table below. The type of charges Details of charges Upfront Wakalah charge Certificate Year Percentage of contribution 1 2 3 4 5 & 6 7 & above 75% 55% 35% 30% 15% 0% Certificate charge There will be a certificate charge of RM25 a year from your contribution for certificate servicing expenses Tabarru' We charge an amount monthly based on your age, gender, health status, occupation (if applicable), amount of coverage Risk management charge We take 35% from your Tabarru' for risk management of the Tabarru' fund Note: The upfront Wakalah charge is for certificates with term of 20 years or more. For certificates with term less than 20 years, it will be reduced accordingly. Please refer to the plan illustration for more detailed information. The Takaful protection comes from your Tabarru' (donation) that we put in the Tabarru' Fund. Any surplus* from the Tabarru' Fund will be given back to you after we have set aside an amount as contingency reserve. * Inclusive of underwriting surplus and your portion in Tabarru' fund's investment profit