Mother and daughter saving money.
Our Riders - Insurance Add-ons

Parent Payor Basic

A rider that pays the annual premiums of your child’s plan to ensure his or her coverage continues if you face the unexpected.

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.

Attachable plans

The basic plans that Parent Payor Basic can be attached to:

Learn more

Important notes
Key information and disclaimers.
  1. 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), and the consumer education booklet on Life Insurance, Investment-Linked Insurance, Personal Accident Insurance, and Medical and Health Insurance 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.

  2. This product comes with Extension of Coverage Term to extend  the term of basic plan up to the Policy Anniversary of Life Assured’s age 100. For rider(s), if applicable, the rider's term will be extended up to the Policy Anniversary of Life Assured's age 100 or the rider’s maximum coverage term, whichever is earlier. Unless you request to disable the Extension of Coverage Term, your policy will be auto extended as long as it has sufficient value of units to be deducted to pay for the relevant charges, fees and taxes during the extended term. To ensure sufficient value of units, additional premium is likely required during the extended term. During the extended coverage term, the coverage provided by the basic plan and rider(s) (if applicable) will remain the same.

  3. Any age reference shall be on the basis of Age Next Birthday.

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 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.