Loan Assure

Your family can live debt free even when you are not around

, a plan that safeguards your loans in case of an unfortunate event.

Highlights

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Premium Payment Term

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Policy Term

Product Details

Level Term Benefit

Your Sum Assured (SA) chosen at inception of the policy will remain level throughout the policy term and will be paid in case of Death or Total and Permanent Disability (TPD) during the policy term. 

Reducing Term Benefit

Your Sum Assured will reduce every Policy month and the corresponding value will be paid in case of Death or Total and Permanent Disability during the policy term.

Primary Beneficiary

Financial Institution*

Policy Term

3 - 15 Years

Age limit **

18 - 57 Years

Maximum age at end of policy term**

60 years

Mode of Payment

Single premium to be paid at the outset of the policy

Method of Payment (Premium paid through Non-Cash payment method will get 2% discount)

1. Cash

2. Non Cash

Note:

* The benefit remaining (if any) after payment to Financial Institution (ACLEDA Bank)  will be paid to other beneficiary/beneficiaries assigned by you.

** Age at last birthday

Mr. Sambath, a 30 year old man gets a loan of $10,000* with a repayment term of 10 years from the bank. To ensure this debt would not become a burden to his wife if he is not around, Mr. Sambath purchases from Prudential Cambodia and the benefits are as follows:

1. If Level Term Option is Chosen

Premium if level term option is chosen $495.19**
Sum Assured (Level Term) $10,000***

The Sum Assured in the level term option is level (i.e. the same) throughout the policy term and is payable in case of Mr Sambath's Death or TPD. Please read the Terms and Conditions in the Policy Kit for additional information.

 

2. If Reducing Term Option is chosen

 

Premium as per Reducing Term Option $351.72**
Sum Assured (Reducing Term) $7,129.13***
This is the sum assured that will be paid to Mr Sambath if Death or TPD occur on the 4th policy anniversary. Please note that, in reducing term policy the sum assured reduces every policy month. Please read the Terms and Conditions in the Policy Kit for additional information.

 

Package Discounts Discount on Premium 3% 6% 10% 15%
Requested Loan Amount $20,000 - $29,999 $30,000 - $39,999 $40,000 - $49,999 ≥ $50,000

 

*Assuming an interest rate of 10% per year

**This value does not include tax

*** The remaining benefit (if any) after payment to Financial Institution will be paid to other beneficiary/beneficiaries assigned by you.

Above description is for marketing purposes only. For further information please consult with our Financial Consultant (FC), and Life Insurance Consultant (LIC).

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