ourinsuranceworld.com
  • Business Insurance
    • General Liability Insurance
    • Professional Liability Insurance
    • Small Business Insurance
    • Workers Compensation Insurance
  • Car Insurance
    • RV Insurance
  • Health insurance
    • Dental Insurance
  • Holiday Insurance
  • Home Insurance
    • Condo Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Travel Insurance
  • News
No Result
View All Result
  • Business Insurance
    • General Liability Insurance
    • Professional Liability Insurance
    • Small Business Insurance
    • Workers Compensation Insurance
  • Car Insurance
    • RV Insurance
  • Health insurance
    • Dental Insurance
  • Holiday Insurance
  • Home Insurance
    • Condo Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Travel Insurance
  • News
No Result
View All Result
ourinsuranceworld.com
No Result
View All Result
ADVERTISEMENT

Prudential Singapore Launches PRUVantage Legacy Index

Shine by Shine
05/06/2024
in News
insurance

insurance

ADVERTISEMENT

Responding to the burgeoning demand for comprehensive protection and legacy planning among high-net-worth (HNW) individuals in Singapore, Prudential Singapore has introduced the PRUVantage Legacy Index (PVLI), an indexed universal life (UL) insurance offering.

The launch of this new product aligns with the evolving financial landscape in Singapore, where the presence of affluent individuals has been steadily increasing. According to data from HSBC, the HNW segment in Singapore has exhibited consistent growth, with projections indicating a surge from 7.5% in 2021 to an anticipated 13.4% by 2030. Notably, this forecast positions Singaporean millionaires at a higher proportion compared to counterparts in the United States, China, and various other economies across the Asia Pacific region.

ADVERTISEMENT

Key Features of PRUVantage Legacy Index

PRUVantage Legacy Index provides policyholders with lifelong coverage against death and terminal illness, underscoring Prudential’s commitment to offering comprehensive financial solutions tailored to the needs of high-net-worth clients. The plan is strategically designed to maximize the growth potential of the policyholder’s wealth for future generations, while simultaneously safeguarding it against market volatility.

ADVERTISEMENT

Central to the offering is its linkage to the uncapped performance of the S&P 500 Fast Convergence Index, providing investors with exposure to a diversified basket of assets and opportunities for robust returns. Moreover, customers benefit from a floor rate of 0% for the index account, mitigating the risk of value erosion amid adverse market conditions. Additionally, the plan features a competitive crediting rate of 4.5% per annum for the fixed account during the initial year, enhancing the attractiveness of the product for discerning investors.

ADVERTISEMENT

Insights from Prudential Singapore’s Chief Customer Officer

Goh Theng Kiat, Chief Customer Officer of Prudential Singapore, underscored the significance of addressing the evolving needs of high-net-worth individuals in the realm of wealth protection and legacy planning. He emphasized the demand for insurance solutions that transcend conventional offerings, catering to the unique requirements of affluent clients seeking to fortify their financial legacies for future generations. PRUVantage Legacy Index exemplifies Prudential’s commitment to innovation and customer-centricity, delivering long-term coverage and growth potential tailored to the distinctive needs of high-net-worth clientele.

Expansion Efforts in Asia Pacific

Beyond Singapore, Prudential Hong Kong has embarked on a collaborative venture with seven local hospitals and clinics to establish a patient-centric healthcare network spanning the country. This initiative is aimed at optimizing resource utilization, leveraging professional expertise, and fostering complementary networks to enhance the medical experience for patients while bolstering medical protection across the region. Through strategic partnerships and innovative initiatives, Prudential remains dedicated to advancing its mission of delivering comprehensive financial and healthcare solutions across the Asia Pacific landscape.

[inline_related_posts title=”You Might Be Interested In” title_align=”left” style=”list” number=”6″ align=”none” ids=”2253,2250,2247″ by=”categories” orderby=”rand” order=”DESC” hide_thumb=”no” thumb_right=”no” views=”no” date=”yes” grid_columns=”2″ post_type=”” tax=””]

ADVERTISEMENT
Previous Post

What Does Rv Comprehensive Insurance Cover

Next Post

Chubb Enters Definitive Agreement to Acquire Catalyst Aviation Insurance

Shine

Shine

Shine is a dedicated and experienced insurance consultant, committed to helping clients navigate the complexities of insurance with ease and confidence. With a deep understanding of the industry, Shine provides personalized advice and tailored solutions that meet each client's unique needs. Whether you're looking for the best health, life, or property insurance, Shine's expertise and client-focused approach ensure that you get the optimal coverage at the most competitive rates. Trust Shine to safeguard your future with reliable and comprehensive insurance solutions.

Related Posts

OPTIS: Insurance M&A Falls 10%
News

OPTIS: Insurance M&A Falls 10%

26/11/2024
Marsh: US Rates Up 3%
News

Marsh: US Rates Up 3%

26/11/2024
Progressive Ends Fire Insurance
News

Progressive Ends Fire Insurance

26/11/2024
Zurich Insurance Sets New Goals
News

Zurich Insurance Sets New Goals

26/11/2024
4th Circuit: No Crypto Coverage
News

4th Circuit: No Crypto Coverage

26/11/2024
Safeco Buys Main Street
News

Safeco Buys Main Street

26/11/2024
Next Post
insurance1

Chubb Enters Definitive Agreement to Acquire Catalyst Aviation Insurance

insurance3

Verisk And Earnix Partnership To Revolutionise Commercial Insutrance Market

insurance4

Swiss Re Extends Partnership With Appian To Extend Connected Urderwriter Workspace

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tags

Accidental Insurance Annual Travel Insurance barclays travel insurance campervan insurance cat insurance Commercial Property Insurance covid holiday insurance Credit Card Travel Insurance dog insurance dual Health Insurance full time rv insurance international health insurance jet2 holiday insurance landlord insurance Liability Car Insurance Malpractice Insurance Medical Travel Insurance military dental insurance natwest travel insurance nursing home insurance Personal Liability Insurance Personal Property Insurance Private Dental Insurance private flood insurance Private Health Insurance Progressive Rv Insurance Property Insurance Public Liability Insurance Rental Car Insurance Rental Property Insurance rv travel insurance ryanair travel insurance secondary dental insurance short term Health Insurance supplemental dental insurance third party liability pet insurance trailer insurance

Recent Posts

How Much Auto Insurance Coverage Should I Have?
Car Insurance

How Much Auto Insurance Coverage Should I Have?

by Steven
20/01/2025

Auto insurance is a vital aspect of vehicle ownership, providing financial protection in the event of accidents, theft, or damage....

What Are The Different Types Of Coverage For Auto Insurance?

What Are The Different Types Of Coverage For Auto Insurance?

20/01/2025
What Are Liability Limits on Auto Insurance

What Are Liability Limits on Auto Insurance

20/01/2025
What Is Liability Premium in Car Insurance

What Is Liability Premium in Car Insurance

20/01/2025
What Type Of Cover Is Best For Car Insurance?

What Type Of Cover Is Best For Car Insurance?

20/01/2025
What Type Of Insurance Coverages Are Available For Your Car?

What Type Of Insurance Coverages Are Available For Your Car?

20/01/2025

Popular articles

Do I Need Workers Compensation for Subcontractors

Do I Need Workers Compensation for Subcontractors

08/01/2025
What to Do When You Can’t Afford Health Insurance

What to Do When You Can’t Afford Health Insurance

31/12/2024
What Is Sedgwick’s Role in the Workers’ Compensation Field?

What Is Sedgwick’s Role in the Workers’ Compensation Field?

26/12/2024
What Is Property Insurance in Home Loan

What Is Property Insurance in Home Loan

15/01/2025
What Are Types of Car Insurance

What Are Types of Car Insurance

16/01/2025
What Does Malpractice Insurance Cover for Nurses

What Does Malpractice Insurance Cover for Nurses

15/01/2025
ourinsuranceworld.com

Welcome to ourinsuranceworld ! We’re committed to offering personalized coverage that secures your future. With a focus on reliability and customer care, we strive to be your trusted partner in navigating life’s uncertainties.

Recent Posts

  • How Much Auto Insurance Coverage Should I Have? 20/01/2025
  • What Are The Different Types Of Coverage For Auto Insurance? 20/01/2025
  • What Are Liability Limits on Auto Insurance 20/01/2025
  • What Is Liability Premium in Car Insurance 20/01/2025
  • What Type Of Cover Is Best For Car Insurance? 20/01/2025

TAGS

Accidental Insurance Annual Travel Insurance barclays travel insurance campervan insurance cat insurance cigna Health Insurance cobra Health Insurance Commercial Property Insurance covid holiday insurance Credit Card Travel Insurance dog insurance dual Health Insurance full time rv insurance international health insurance jet2 holiday insurance

Useful Links

about us

disclaimer

privacy policy

Copyright © 2024 ourinsuranceworld.com

No Result
View All Result
  • Home
  • Business Insurance
  • Car Insurance
  • Home Insurance
  • News

Copyright © 2024 Welcome to ourinsuranceworld ! We’re committed to offering personalized coverage that secures your future. With a focus on reliability and customer care, we strive to be your trusted partner in navigating life’s uncertainties.