The policy works on a dual account structure of a fixed account and an index account that is benchmarked against the S&P 500 Fast Convergence (FC) Index, which adjusts its allocation several times a day based on volatility observations from the market to stabilise returns during market downturns.
Prudential Singapore (Prudential) has introduced PRUVantage Legacy Index (PLVI), an indexed universal life (UL) insurance product, to address the growing protection and legacy planning needs of high net worth individuals in Singapore.
The PVLI is a single-premium indexed UL insurance plan with a high death and terminal illness coverage.
