Kuala lumpur: Prudential Assurance Malaysia Bhd (PAMB) has introduced the PRUWealth Enrich 2.0, an enhanced legacy plan designed to meet the emerging trend of purposeful and structured wealth transfer with low-risk solutions. The upgraded plan builds on strong demand since its debut in 2023 and introduces the Legacy Settlement Option (LSO) that enables customers to decide how much and when each nominee receives their legacy with no additional cost, managed by Prudential.
According to BERNAMA News Agency, PAMB stated that customers can choose from three payout options: an immediate lump sum, structured instalments with regular payments for up to 35 years, or milestone-based payouts tied to significant life events such as graduation, marriage, or starting a business. PAMB's chief marketing and partnerships distribution officer, Eric Wong, noted that Malaysians are approaching wealth transfer differently, prioritizing flexibility and responsibility.
"With the LSO in PRUWealth Enrich 2.0, customers can design a legacy plan that matches the realities of modern family life and also gives them greater control and peace of mind on how their legacy is delivered," he said. PAMB emphasized that PRUWealth Enrich 2.0 continues to offer high protection, with a basic sum assured starting from RM300,000, complemented by a Cover Booster that increases protection by up to 50 percent and enhanced accidental death benefits of up to an additional 500 percent.
The plan also features flexible premium payment options for customers, including terms of five, 10, or 20 years, or for the full term, as well as loyalty rewards to help grow long-term wealth. Additionally, the plan offers the Total Multi Crisis Care Rider, which provides a lump sum payout upon diagnosis of a covered critical illness.
"This allows customers to focus on recovery while safeguarding their family's financial security. The rider delivers comprehensive coverage for 160 critical illnesses, supports multiple claims for heart attack, stroke, and cancer, and offers up to 400 percent coverage across different stages of critical illness," PAMB stated.