Saturday, September 19, 2015

HLA Million Plus vs PruMillion (from Prudential)

Both products sound "Millionaires" but not for Millionaire to buy. The target markets are medium to higher income group with target premium more than RM5,000 a year (min RM8,000 for HLA).

Hong Leong Assurance (HLA)


HLA Million Plus is a 20 year regular premium investment-linked endowment plan that protects against death, total and permanent disability (TPD) and old age disablement (OAD) for 30 years.

It comes with all-new experience of a hassle-free underwriting with higher coverage, HLA Million Plus begins at a minimum of RM1,000,000 Basic Sum Assured.


PRUDENTIAL - PruMillion

PruMillion, an exclusive regular premium investment-linked insurance plan that provides you with a high coverage of RM500,000 and above and safeguards what is important to you and your loved ones.

How do I start?

  • First, determine your protection needs, such as your basic cover and other optional benefits.
  • Then, decide how long you want to be covered.
  • How long you wish to pay premiums for.
  • The minimum sum assured is RM500,000.

PREMIUM ALLOCATION

  • Your premium allocation rates depend on the Premium Paying Term of your policy. 
  • Please refer to the Sales Illustration for the premium allocation rate. 
  • Depending on the policy options that you choose, part of your premiums may be placed in PRUallocator which has a higher allocation rate of 95%.

WHERE ARE MY FUNDS  INVESTED?

The premium will be invested in the PRUlink golden equity fund and PRUlink golden bond fund according to an asset mix as shown in the following table. 
PRUlink million-asset mix








If you choose to pay premiums for a shorter term than your policy term, your funds will be switched into the PRUlink golden managed fund upon the end of the premium payment term.
You can track the performance of your funds by checking the unit prices published daily on our website at www.prudential.com.my