PRULife Plus
PRULife Plus
Your family’s peace of mind and happiness is the motivation for your hard work; protect it!
PRULife Plus is ideal for family financial protection. Make a list of all your expenditures on
basis family needs in a year to give you a picture of the financial support the family needs.
We shall help you calculate what you can put aside to ensure your family continues to be
comfortable even during your retirement.
PRULife Plus
PLAN OVERVIEW
The policy comprises two elements – protection (life assurance) and a savings plan with
distinct premiums.
Life insurance premiums should not be less than 30% of the combined premium (Overall
Premium).
The savings plan contributions attract an interest at the end of each year whereas in the
case of the life assurance, the Sum Assured earns a bonus.
Every five years, the policyholder has an option to cash the investment component, which
shall be comprised of savings plus interest to date.
In the event of death, the amount payable is the sum of the savings plan contributions
(including interest to date) and the Sum Assured (including bonuses to date).
On cancellation before a period of 3 years, the policyholder shall receive savings plus
interest to date less 10% administration fees. The protection premium is not refundable.
After 3 years, should the policyholder decide to cancel the policy, the amount payable
shall be the sum of savings (including interest to date) and the surrender value (as at date
of cancellation). Please note that surrender values are only applicable of the protection
element.
A client has options either to pay premiums throughout life or to a set premium ceasing
Age.
Client has an option to either pay premiums throughout their life or choose to pay
premiums to a premium ceasing age of 50, 55 60 0r 65.
Once policy holder attains premium ceasing age, he/she receives full value of the
investment fund and prudential continues to cover/protect them for the rest of the policy
holder life. Thereby at death, prudential shall pay the 100% of the sum assured plus all
accrued bonuses.
PRULife Plus
Product Features
Benefits on Death- Sum Assured (including accrued bonuses plus savings (including interest
earned to date).
Cash pay-out- Cash pay-out every 5 years. The amount payable will be equal to the
savings portion of your premiums, plus interest earned over the policy term and minus
administration fees.
Age limits- 18 years – 65 years
Period of Savings- Minimum Premium payment term – 5 years
Why you should sign up
1. It provides for attractive annual bonus awards that will boost your final pay out.
2. Enjoy part of your savings every three years to take care of the short-term goals you
have set?
3. It is ideal for family financial protection to provide for future living benefits to one’s
beneficiaries when the breadwinner is not around to support his or her loved ones.
PRULife Plus
ABOUT PRUDENTIAL UGANDA
Prudential Assurance Uganda Limited is a wholly owned subsidiary of Prudential plc which
provides life and health insurance and asset management, with a focus on Asia and Africa.
The business helps people get the most out of life, by making healthcare affordable and
accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps
them grow their assets, and empowers them to save for their goals. The business has more
than 17 million life customers in Asia and Africa and is listed on stock exchanges in London,
Hong Kong, Singapore and New York.
Prudential Uganda is regulated by Insurance Regulatory Authority.
ABOUT PRUDENTIAL AFRICA
Prudential has deep roots in Africa – in Africa, we issued our first life insurance policy in
Uganda in 1932.
We were delighted to return to Africa with the launch of our new life insurance businesses
in Ghana, Kenya, Uganda, Zambia, Nigeria, Cote d’Ivoire, Togo and Cameroon. Already, we
are one of the region’s fastest-growing life insurers, with over a million customers.
OUR TRACK RECORD
Prudential has a long and proud history of keeping our promises to customers. In the
First World War, we paid claims on more than a third of the British soldiers who gave their
lives. Following the sinking of the Titanic in 1912, we paid claims in respect of 324 of the
passengers.
Now the benefits of life insurance and saving from a company with over a 170-year track
record of integrity and financial strength are available to Ugandans.
PRULife Plus
CONTACT US
Tel:+256-312 251400, 0800200052 Whatsapp: +256- 707444467
Email: customercare@[Link]
Website: [Link]
PRULife Plus
