Prudential Assurance Malaysia Berhad (PAMB) and Standard Chartered Bank Malaysia Berhad (Standard Chartered Malaysia) are celebrating 25 years of partnership as a leading bancassurance player in the country with the launch of two new products, PRUSignature Care and PRUSignature Plus.

Since 2000, the partnership between Standard Chartered and Prudential has been defined by continuous innovation and a shared commitment to enriching lives through unique health and wealth solutions.

“Congratulations to Standard Chartered on celebrating 150 years in Malaysia. We’re honoured to have been part of this journey especially as Malaysia was among the first countries to launch the partnership between Standard Chartered and Prudential plc. With Prudential’s century-long legacy in Malaysia, our partnership has drawn on our combined strengths to deliver a comprehensive suite of insurance solutions, including wealth preservation, health, education, retirement and legacy planning. As we mark 25 years together, we’re proud to once again introduce two new innovative products that reflect our continued commitment to meeting the evolving needs of our customers,” said Eric Wong, Chief Marketing & Partnerships Distribution Officer, PAMB.

“We extend our heartfelt gratitude to Prudential for 25 years of exceptional partnership. At Standard Chartered, our mission is to positively impact our clients’ lives through comprehensive health and wealth solutions. This strong alliance has seamlessly combined our wealth management expertise with Prudential’s innovative protection solutions. Together, we have supported our clients through every life stage, meeting their evolving needs. We are eager to continue this journey, helping clients build stronger financial resilience and secure a brighter future for themselves and their families,” said Harmander Mahal, Head of Wealth and Retail Banking, Standard Chartered Malaysia.

PRUSignature Care

PRUSignature Care offers comprehensive support for customers facing a cancer diagnosis, providing financial protection that spans from treatment through to recovery. In Malaysia, 45 per cent of cancer survivors spend over a third of their household income on cancer care within the first year of diagnosis[1], highlighting a need for a solution that helps them ease this burden during a challenging time.

This plan is designed to support customers with financial relief and peace of mind. If a customer receives an early-stage cancer diagnosis, they will receive 50 per cent benefit payout, and a 1-year pause in premium payment. If they are diagnosed at other stages, they will receive 100 per cent benefit payout, with additional payouts for gender-specific cancers. The plan goes further by providing annual payouts for three years to help them through recovery. When the plan reaches maturity, customers will receive 100 per cent of the total premiums paid, even if they have made an early-stage cancer claim.

PRUSignature Plus

PRUSignature Plus is designed for customers who are actively growing their wealth but want the assurance that their financial plans are protected should the unexpected happen. With a short premium commitment and full premium allocation from the start, the plan allows customers to maximise their investment potential while securing life-long coverage.

While most insurance policies offer a fixed protection coverage, this product features the Wealth Assured Value that tracks the customer’s policy’s investment performance and locks-in the highest investment value that it reaches. Even if markets go down, the customer’s protection is based on the best result achieved, and not where things stand today. As their investment grows overtime, so does their coverage, giving them stronger protection and more confidence that their future and loved ones are well cared for.

“We are excited to offer PRUSignature Care and PRUSignature Plus to our customers. These solutions reflect our continued commitment to innovation and customer wellbeing. We’re grateful to our customers for their trust over the years and look forward to shaping an even brighter future together,” said Eric.

For further details, visit PRUSignature Care and PRUSignature Plus.

PRUSignature Care benefits are payable under eligible policy and are protected by PIDM up to limits. While PRUSignature Plus is protected by PIDM on benefits payable from the unit portion of this policy, which is subject to limitations. Please refer to PIDM’sTIPS Brochure or contact PAMB or visit www.pidm.gov.my. 

[1] National_Strategic_Plan_for_Cancer_Control_Programme_2021-2025.pdf