Life insurance is designed to provide financial security for your loved ones in the event of your untimely passing. But when you combine life insurance with a savings component, it becomes much more versatile. These plans allow you to build up savings over time while also offering protection. You’re not only ensuring that your family is financially secure in case something happens to you, but you’re also setting money aside for future goals – such as buying a home, funding your child’s education, or preparing for retirement.
These insurance and savings plans are structured to encourage discipline saving. Regular premiums ensure that you’re consistently putting money towards your goals, and the savings component ensures returns generated by the policy, if no claim is made during the period of the insurance plan. Prudential Myanmar offers life insurance and savings plans such as PRUFlexiprotect PLUS. This plan is suitable for individuals at various stages of life, from young adults starting their careers to families with growing responsibilities.
PRUFlexiprotect PLUS empowers individual and group customers to customise their protection plan, ensuring financial security and peace of mind for loved ones during tough times—not only in the event of death, but also when unexpected medical emergencies, critical illness, or accidents occur. The savings component of PRUFlexiprotect PLUS means that if no unfortunate event occurs and no claims are made at the end of the coverage period, you get back 103% of all the premiums paid. These savings can help families cope with unexpected expenses without impacting on their long-term financial goals such as purchasing a dream home.
This article is inspired by the video "Dream It, Achieve It – How to Save for Your Future Goals," featuring a discussion between Daw Samantha Htoon, Chief Distribution Officer of Prudential Myanmar, and Ko Kaung Hein Soe, an Agency Unit Director of Prudential Myanmar. To learn more about the role of insurance in not only protecting your future but also helping you save money to make your dreams come true, click here to watch the full video.