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Prudential Endowment Insurance Review: Will It Work For You?

Prudential's PruActiveSaver III is a flexible participating savings plan that may benefit the average consumer who is looking for a long-term savings option. Speak to one of our advisors at PolicyPal to find out more.

Prudential Endowment Insurance Review: Will It Work For You?

Prudential's PruActiveSaver III is a flexible participating savings plan that may benefit the average consumer who is looking for a long-term savings option. Speak to one of our advisors at PolicyPal to find out more.


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Prudential's Pru ActiveSaver III is a regular term endowment plan that provides a simple policy structure and can be a good fit for general savings goals, like buying a house or going on your dream holiday. Hence, it could be a good option for those who are on the lookout for some of the best endowment insurance plans in Singapore. However, while this plan may be a good fit for people who want to save for particular milestones in their life, it may not be the best fit for people looking for a savings plan that provides additional income or lets you pass the plan on to your spouse or children.

Table of Contents

Prudential Pru ActiveSaver III Summary
100% capital return guarantee
Covers death
Flexible payment options: pay via single premium, for 5 years, or the duration of your policy (10-30 years)
Average 5-year rate of return (deducting investment expenses): 5.45%
Credit Rating: AA-

Prudential PruActive Saver III: What You Need to Know

Prudential's PruActive Saver III is a participating endowment policy that will payout a lump sum when your policy matures. You can choose a policy term between 10-30 years and you can pay for the plan via single premium payment, 5 year payment or spread your premiums out throughout the duration of the policy. Since this is a participating policy, your payout will consist of a guaranteed portion and a non-guaranteed bonus portion. Because PruActive Saver III provides a capital guarantee, you can be comforted in knowing that you will get back at least 100% of your investment. There is a life insurance component that will cover you for death. If you were to die, the death benefit would be 105% of the premiums paid and any bonuses or 101% of the surrender value (whichever is higher).

This plan may be suitable for people who are looking for a simple long-term savings plan. Since it provides a lump sum, the payout can be used for large expenses like a mortgage or university tuition. However, this plan doesn't provide annual cash payouts so it may not be the best option for parents who prefer structured withdrawals for their child's education. Instead, an education savings plan may be more beneficial. Furthermore, this plan won't be a good option for people looking for a plan that will provide them with supplemental payouts during retirement. For people interested in those plans, we recommend looking at retirement savings plans.

Policy Exclusions

PruActive Saver won't pay out the death benefit you commit suicide within 12 months of the policy start date or if you die due to a pre-existing condtition. For more exclusions, you should read your policy document.

Optional Add-ons

PruSaver offers a variety of add-ons you can purchase to supplement your policy. For instance, they offer a critical illness premium waiver rider if you get diagnosed with any of the 35 critical illnesses. To find out about other add-ons available, you should speak with a financial advisor as not all riders are listed on the PruSaver page. You should also note that you will be required to get a medical check-up if you choose to purchase one of the riders.

Claims & Contact Information

Endowment plans generally payout without you needing to file a claim. However, if you need to file a claim for the life insurance portion of the policy you can reach out to Prudential or PolicyPal. Who you reach out to depends on who you bought the policy from.

Contact Information
Prudential Customer Service1800 333 0333
Prudential EmailCustomer message form
Claim SubmissionSubmitting a Claim
PolicyPal Customer Service+65 3163 9184
PolicyPal Claims Email[email protected]

Pru ActiveSaver III Features & Benefits

Pru ActiveSaver III is a traditional endowment plan that can be suitable for people looking for a simple endowment plan. However, while it may be a good option for some people, it may not work for others. To see if this plan is a good fit for you, you should speak to one of our advisors at PolicyPal. You can also read our guide to the best endowment plans in Singapore.

Policy Term10-30 years
Premium Payment TermSingle, 5 years, 10-30 years
Life CoverageDeath
Death Benefit105% of net premiums paid + 100% of bonuses
Annual Cash BenefitNo
100% Capital GuaranteedYes
Medical Check-UpNone required

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Anastassia Evlanova

Anastassia is a Senior Research Analyst at ValueChampion Singapore, evaluating insurance products for consumers based on quantitative and qualitative financial analysis. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.

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