Prudential Singapore has launched two first-in-market index-linked solutions, PRUIndex Income Boost ( PIIB ) and PRUIndex Lifetime Income ( PILI ), to help Singaporeans grow their wealth while protecting their savings from market instability.

Positioned as the first of their kind in Singapore’s insurance market, PIIB and PILI are regular premium participating plans that combine guaranteed income with exposure to index growth, allowing policyholders to generate stable cash flow while capturing market upside.

PIIB is a 15-year endowment plan that offers guaranteed capital at maturity and fixed monthly payouts for the first year. From month 13 onwards, payouts are pegged to the performance of one of three global indices: the UBS MASTR Index, the S&P 500® FC Index, or the Barclays Shiller Allocator Index. Crucially, Prudential has implemented a 0.0% floor, shielding investors from negative returns.

Meanwhile, PILI is a whole-life plan offering lifetime monthly cash benefits starting from inception, with potential for enhanced payouts from the second year, also linked to index performance. With payment tenures ranging from five to 15 years, PILI is tailored for wealth transfer and longevity planning, supporting payouts for up to 380 years.

Generational wealth planning

Jason Lim, head of product management at Prudential Singapore, says the plans cater to Singaporeans “seeking secure ways to grow their wealth and build passive income streams”, particularly amid longer life expectancies and rising retirement concerns.

The index-linked feature represents a hybrid structure rarely seen in traditional insurance offerings. Customers can switch between indices and opt to accumulate payouts at a non-guaranteed interest rate, offering additional control and customization.

Prudential’s move comes against the backdrop of growing consumer appetite for products that blend insurance protection with investment flexibility.

Across Asia, insurance structures have seen increasing demand not just for protection, but as strategic tools for wealth accumulation and transfer, particularly among high-net-worth individuals and the growing affluent middle class.

With rising market volatility, longer life expectancies, and tightening regulatory oversight on offshore investments, more investors are turning to insurance-linked products that offer capital guarantees, estate planning benefits, and exposure to market-linked returns within a tax-efficient framework.