We pay for your premium in case of a bumpy road ahead
Guarantees in life may not necessarily be always available. But with Payor Basic, we provide you with the assurance that your coverage will continue if you become Total and Permanently Disabled (TPD) or are diagnosed with critical illness. We will continue paying your plan’s annual premiums (except PRUSaver and PRUSaver Kid premiums) when you are unable to do so.
If you have PRUSaver or PRUSaver Kid, you can add on Payor Saver to pay for your PRUSaver or PRUSaver Kid premiums until the end of your premium payment term.
Payor Basic and Payor Saver apply if you are diagnosed with critical illness or become TPD before age 70 or until the end of payment term, whichever earlier.
Protect yourself with annual benefits for TPD or critical illness today.
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.
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.
Any age reference shall be on the basis of Age Next Birthday.
What is Prudential's Payor Basic?
Payor Basic is an insurance rider designed to provide financial support if the life assured becomes Totally and Permanently Disabled (TPD) or is diagnosed with a Critical Illness (CI). It allows financial protection with annual benefits for TPD or CI.
What does the Payor Basic plan cover?
Prudential’s Payor Basic covers the insurance plan's annual premiums (except for PRUSaver and PRUSaver Kid premiums) if life assured become TPD or are diagnosed with a critical illness.
What happens if I have a PRUSaver or PRUSaver Kid rider?
If you have a PRUSaver or PRUSaver Kid plan, you can add the Payor Saver rider, which will cover your PRUSaver or PRUSaver Kid premium until the end of your premium payment term.
Until what age does the Payor Basic provide coverage?
The Payor Basic and Payor Saver riders are applicable if the life assured is diagnosed with a critical illness or becomes TPD before age 70 or until the end of the payment term, whichever comes first.
What happens to my coverage if I become Total and Permanently Disabled (TPD) or diagnosed with a critical illness?
If you become Totally and Permanently Disabled (TPD), Prudential will maintain your coverage and continue paying for your plan's annual premiums.
Does Payor Basic cover the premiums for all Prudential plans?
Payor Basic covers the annual premiums for the Prudential plan attached with this rider.
What is the benefit of adding the Payor Basic rider to my insurance plan?
Adding the Payor Basic rider ensures your insurance coverage continues even if you face serious health issues that prevents you from making premium payments.
Does the Payor Basic rider cover other types of disability or illnesses?
The Payor Basic rider specifically covers situations when you become Totally and Permanently Disabled (TPD) or is diagnosed with a critical illness. Any other conditions or exclusions would be detailed in the terms and conditions of your insurance policy.
How does the Payor Basic rider affect my premium payments?
Adding the Payor Basic rider to your insurance plan will likely increase your premium payments. Still, it ensures your premiums are covered in case of TPD or critical illness.
What is the difference between Total and Permanent Disability (TPD) and critical illness coverage?
TPD coverage applies when a person becomes permanently unable to work due to injury or illness. In contrast, critical illness coverage applies when a person is diagnosed with a specific illness listed in the policy, such as cancer or heart disease.
Are there any limitations or exclusions to be aware of when claiming Payor Basic?
Yes, any insurance policies often have limitations and exclusions. For example, some policies may not cover disabilities caused by certain activities or conditions. Always read your policy carefully to understand its terms.
Can I claim Payor Basic for TPD from more than one insurance policy?
Yes, if you have Payor Basic coverage from multiple insurance policies, you can typically claim benefits from each policy, subject to their specific terms and conditions.