Prime Vantage Protector
Policy Reverse Mortgage Programme
(applicable to policy issued in Hong Kong only)
Eligible Life Insurance Plan
Prime Vantage Protector is now eligible for simplified application under the Policy Reverse Mortgage Programme, providing you with liquidity more quickly to support your dream retirement.
Lifelong, premier protection adapts as your life evolves
Distribute your wealth flexibly as your family grows
Appoint a family member in advance to manage the policy if you become incapacitated*
*Applicable to policy issued in Hong Kong only.
Easily enhance your cover in the future without a medical examination
Extra Features
Different death benefit settlement options to safeguard your family
If the life assured passes away, we will pay a guaranteed death benefit with up to 100% of the sum assured, less any outstanding loans and interest.
You can choose how you would like us to pay the death benefit while the life assured is still alive through the Death Benefit Settlement Option; as a lump sum, in monthly instalments or a mix of both.
Please refer to here for more details of the Death Benefit Settlement Options
Learn more
Important information
Please also refer to our brochure on Shareholder-backed Participating Plan (Hong Kong Edition/Macau Edition) for more information (such as investment philosophy and bonus philosophy) on your Shareholder-backed Participating Plan and the operation of the Shareholder-backed Participating Fund.
During the sales process, this document should be read in conjunction with the relevant product brochure. For full terms and conditions, and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy document and read carefully.
Important notes for Policy Reverse Mortgage Programme ("PRMP")
(applicable to policy issued in Hong Kong only)
Please note that this product is an eligible life insurance plan under PRMP, but it does not necessarily mean that your PRMP application will be approved. The eligibility of this product under the PRMP is based on the features of the product. Therefore, you and your life insurance policy are still required to meet all the eligibility requirements under PRMP before you apply for the policy reverse mortgage loan.
The general information provided on PRMP is for reference only, and you should not make any decisions based on such information alone. You should always seek for advice from professional bodies if you have any doubts. Please note that the information provided is subject to change including the eligibility criteria for PRMP. We do not take any responsibility to inform you about any changes and how they may affect you. The Policy Reverse Mortgage Programme is operated by HKMC Insurance Limited, a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. For further information, please refer to The Hong Kong Mortgage Corporation Limited website: www.hkmc.com.hk.
Notes
Prime Vantage Protector is underwritten by Prudential Hong Kong Limited or Prudential Hong Kong Limited (Macau Branch) (“Prudential”). You can always choose to take out this plan as a standalone plan without enrolling with other type(s) of insurance product at the same time, unless such plan is only available as a supplementary benefit which needs to be attached to a basic plan. This document does not contain the full terms and conditions of this plan and is for reference only. It does not represent a contract between Prudential and anyone else. You should read carefully the risk disclosures and key exclusions (if any) contained in this document. For further details, including procedures for making claims and terminating policies and the full terms and conditions of this plan, please ask Prudential for a sample of the policy document.
Prudential has the right to accept or decline any application based on the information provided by the policyholder and/or life assured in the application.
Please cross your cheque and make it payable to “Prudential Hong Kong Limited”.
This document is for distribution in Hong Kong or Macau only. It is not an offer to sell or solicitation to buy or provide any insurance product outside Hong Kong or Macau. Prudential does not offer or sell any insurance product in any jurisdictions outside Hong Kong or Macau where such offering or sale of the insurance product is illegal under the laws of such jurisdictions.
Useful links
- Understanding Prudential Shareholder-backed Participating Plans (Hong Kong Edition/Macau Edition)
- Investment mix (Hong Kong Edition/Macau Edition)
