Prudential Singapore debuts lifetime plan with wealth transfer

Customers can choose from three indices.

Prudential Singapore has launched two first-in-market index-linked plans, PRUIndex Income Boost (PIIB) and PRUIndex Lifetime Income (PILI), aimed at helping customers grow wealth whilst protecting against market volatility.

Both plans provide guaranteed monthly cash benefits from the first month and potential higher payouts from the 13th month, with a 0.0% floor rate to shield against losses. 

PIIB is a 15-year endowment plan with capital guaranteed at maturity, whilst PILI is a whole-life plan offering guaranteed lifetime monthly income and supports wealth transfer for up to 380 years.

Customers can choose from three indices, which are UBS Multi Asset Strategy Tactical Rotation, S&P 500® FC Index, and Barclays Shiller Allocator Index — for diversified market exposure.