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PRUScholar

Secures your children’s education, secures your children’s future, so they can get a head start on their dreams.
Free COVID-19 Protection
Terms and conditions apply.
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Keeping you protected

at all times

Free COVID-19 protection

We’re in the fight against the COVID-19 outbreak together. And, we know it’s important to keep you protected from the unpredictable consequences the outbreak causes.

Choose the plans that meets your goals

 

Basic Benefit Plan

Double Benefit Plan

Death or Total Permanent Disability (TPD) Benefit

In the event of death or TPD of the insured, the Sum Insured will be payable. Upon payment of the Death Benefit, TPD benefit will no longer be payable and vice versa. However, the policy will continue to be in force with subsequent premiums waived.

 

No

 

Yes

Premium Waiver Benefit

In the event of death or TPD of the insured, subsequent premiums will be waived.

Yes

Yes

Education Benefit

An annual payment to the policyholder/beneficiary starting from the first policy anniversary after the premium paying period. 20% of the Sum Insured will be paid as Education Benefit at each policy anniversary until maturity.


This benefit will be paid even if the policy is in premium waiver status.

 

 

Yes

 

Yes

Product details

Features and benefits

Policy Term

9 Years, 11 Years and 14 Years

Insurance Terms

5 Years, 7 Years and 10 Years

 

 

Eligible Age

18 – 56 years old (Age Next Birthday)

 

Minimum Sum Assured

5,000,000 MMK

Maximum Sum Assured

100,000,000 MMK

Basic Benefit Plan

  1. Premium Waiver

  2. Education Benefit

Double Benefit Plan

  1. Death Benefit

  2. Total and Permanent Disability (TPD) Benefit

  3. Premium Waiver

  4. Education Benefit

Important notes

  • The Terms and Conditions stated in this brochure are non-exhaustive. For more details, kindly refer to the Policy Contract.

  • Should the policyholder surrender the policy during policy term, the surrender values shall be paid to the policyholder in accordance with the surrender Value Schedule. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involes a high costs and the Surrender Value, if any, that is payable to you may be less than the total premiums paid.

  • You should satisfy yourself that this policy will best serve your need and the premium payable under the policy is an amount that you can afford before making a decision.

  • There are certain conditions, whereby no benefits will be payable. These are stated as exclusions in the Policy Contract. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the Insurance Contract that can be obtained from your Prudential Advisor.

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