Kuala lumpur: Prudential Assurance Malaysia Berhad (PAMB) and UOB Malaysia have introduced PRUPrime Gain, a flagship savings plan aimed at customers looking to preserve their wealth while employing a structured investment strategy.
According to BERNAMA News Agency, a joint statement from both companies highlighted that the plan serves dual purposes by enabling customers to safeguard existing wealth and foster its growth over time. The statement emphasized the growing trend of consumers adopting structured investment approaches alongside wealth preservation, driven by increased financial awareness and longer life expectancies, which necessitate ensuring savings can meet long-term financial needs.
The PRUPrime Gain plan offers a short-term commitment with guaranteed survival and maturity benefits of at least 100 percent of the total premiums paid. It also includes a yearly loyalty booster to aid in wealth accumulation. A portion of the premiums is invested in the PRULink Equity Index Fund, providing exposure to a diversified global portfolio by tracking a global equity index. The plan also features a Guaranteed Issuance Offer, allowing for hassle-free enrolment with up to RM1 million in annualized premiums.
Chee Foong Wai, PAMB's chief customer, marketing, and product officer, noted the increasing demand among customers for solutions that help manage uncertainty while maintaining focus on financial goals. She stated that PRUPrime Gain is designed for those who aim to accumulate wealth with peace of mind, while also seeking growth opportunities through continued investments, reflecting the current emphasis on balancing certainty and growth in financial decision-making.
Elaine Fan, UOB Malaysia's country head of personal financial services, remarked on the shift towards more deliberate and balanced financial planning among customers, where wealth preservation and growth hold equal importance. She explained that PRUPrime Gain is aligned with this evolving mindset, offering a solution that combines stability with enhanced returns over time. She reaffirmed UOB's commitment to providing accessible and well-structured financial solutions that support long-term goals.
Eric Wong, PAMB's chief partnership officer, commented on the longstanding collaboration with UOB Malaysia, which has evolved over the past 15 years to meet changing customer needs. He stated that PRUPrime Gain merges Prudential's strengths in protection and long-term planning with UOB's banking relationships, offering a balanced approach to future planning.