Parent Payor Basic
We pay when you can’t
Set up a backup plan in case of any mishaps so your children’s burdens are eased.
Parent Payor Basic is a rider that pays annual benefits equal to the annual premiums of your child’s protection plan (except PRUSaver and PRUSaver Kid).
If you have PRUSaver or PRUSaver Kid, you can add on Parent Payor Saver to pay for your child's PRUSaver or PRUSaver Kid premiums until the end of the premium payment term or until your child turns 25, whichever is earlier, if you unfortunately pass away, are diagnosed with critical illness or become Total and Permanently Disabled (TPD) before age 70.
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Important notes
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This content contains only a brief description of the product and is not exhaustive. You are advised to refer to Prudential Assurance Malaysia Berhad (PAMB)’s Brochure, Product Disclosure Sheet, Product / Sales Illustration, Fund Fact Sheet (if any), before purchasing the plan, and to refer to the terms and conditions in the policy document for details of the features and benefits, exclusions and waiting periods under the policy.
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Any age reference shall be on the basis of Age Next Birthday.
PROTECTION BY PERBADANAN INSURANS DEPOSIT MALAYSIA (“PIDM”) ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/POLICY IS(ARE) SUBJECT TO LIMITATIONS. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) Brochure or contact Prudential Assurance Malaysia Berhad or PIDM (visit www.pidm.gov.my).
FAQ
What is Parent Payor Basic?
Parent Payor Basic is a rider designed to pay the annual premiums of your child’s protection plan in case of unforeseen circumstances faced by the parent.
Why should I consider the Parent Payor Basic rider?
The Parent Payor Basic ensures that your child's insurance coverage continues by taking on the responsibility of paying the annual premiums if you face unexpected challenges.
Does Parent Payor Basic cover all Prudential plans?
Parent Payor Basic covers the annual premiums for the Prudential plan attached with this rider.
What if I have a PRUSaver or PRUSaver Kid?
If you have PRUSaver or PRUSaver Kid, you can add the "Parent Payor Saver" which covers the PRUSaver or PRUSaver Kid premiums until they turn 25 or until the end of the premium payment term.
Until what age does the Parent Payor Basic provide coverage?
The Parent Payor Basic covers until the the child turns 25 or until the end of the premium payment term.
What events trigger the Parent Payor Basic benefits?
The benefits are triggered if the parent passes away, is diagnosed with a critical illness, or becomes Totally and Permanently Disabled (TPD) before age 70.
Can Parent Payor Basic be attached to any Prudential plan?
Yes, Parent Payor Basic can be attached to specific plans, namely PRUWith You Plus and PRUWealth Enrich.
Is Parent Payor Basic a standalone insurance policy?
No, Parent Payor Basic is a rider, which means it's an add-on to a basic insurance plan.
How does Parent Payor Basic benefit my child?
It ensures that your child's insurance coverage continues without interruption by covering the annual premiums in case of unforeseen events affecting the parent.
How does Parent Payor Basic ease the financial burden for families?
It acts as a backup plan, ensuring that the child's insurance premiums are paid, easing potential financial burdens on the child in case of mishaps affecting the parent.
Is Parent Payor Basic available for all age groups of parents?
The coverage is available until the parent reaches the age of 70.
Is the Parent Payor Basic rider a one-time payment or an annual premium?
The Parent Payor Basic rider pays annual benefits equal to the annual premiums of your child’s protection plan.