You may not know what tomorrow has in store but we can help you prepare for it with our life insurance products that provide financial protection and stability to your loved ones in case of any unfortunate and unforeseen events. If you have children/parents or people to whom you are the main provider of financial support, you need a life insurance policy. This will enable you to worry-less about their tomorrow as you work to make their today better.
Credit life is a form of short-term protection that covers the loan payment of the policyholder/borrower in the event of their death or permanent disability. The policy pays off the outstanding loan balance(including interest) in the event of a claim, thereby saving the family from the burden of repaying the loan.
Group life is a benefit scheme by an employer to employees. It gives your employees a peace of mind that should they die in service from natural to accidental causes their families will receive financial support. Employers can be confident of attracting and retaining the best talent through our flexible plans that offer a wide range of benefits. How it work? The plan provide payment in the event of death of an employee from both accidental and natural causes whilst in service. The size of the benefit can be expressed as a multiple of the annual salary or fixed account. The scheme is renewable annually and wholly funded by the employer.
Given the nature of cover enshrined in both workers compensation and group personal accident, compensation is only provided at the occurrence of death resulting from an accident only. This renders a gap in that death from illness/sickness is excluded. It is for this reason that Prudential Uganda designed a group life extension plan as an expansion to the existing WC/GPA policies to bridge the gap. The plan pays out a lump sum in the event of death of an employee from natural causes only.
This product also known as last expenses is one that provides a fully-fledged funeral service by licensed funeral service professionals or an equivalent cash benefit incase a life assured pass on. A group of people (20 members and above) is eligible for this product and a desired fixed benefit is selected at the time of signing on. The lumpsum benefit is paid out should a claimable situation arise; the benefit can be paid to the next of kin or declared relatives of the deceased. Alternatively, a full professional funeral service can be provided.
At Prudential, we understand how valuable your employees are to you. Group Life is one of the products offered by Prudential to all employers to provide lump sum payment (to dependents) in the event of an employee’s death due to either accidental and natural causes. To qualify for Group Life, a company should have a minimum of 10 employees. Besides retaining key staff, the company transfers the burden of compensating the late employee’s dependents to Prudential.
Bancassurance is a partnership between a Bank and an insurance company in which the insurance company sells its products to Bank customers through the Bank’s channels. Through Bancassurance, bank customers are able to enjoy a holistic and more convenient experience by having access to a whole suite of financial services within one same roof. At the same time, it allows an insurance company to quickly establish market presence using the bank’s existing infrastructure. Banks are able to augment both their revenues and the services they offer to their customers through Bancassurance.
Today, heart attack and cancer are the most common major illnesses. If you take a moment, you will definitely remember a friend or family member who has experienced these tragic events. Today, thanks to the marvels of modern medicine, people can fight these traumatic conditions and emerge victorious. However, the costs associated with recovery could place a huge strain on your finances. To counter these costs, you need a plan that can give you what other traditional health plans may not provide – a lump sum insurance payout on detection (without any medical bills). This cash payout can help to pay for your medical costs and can also ensure that your income never stops.
Today, heart attack and cancer are the most common major illnesses. If you take a moment, you will definitely remember a friend or family member who has experienced these tragic events. Today, thanks to the marvels of modern medicine, people can fight these traumatic conditions and emerge victorious. However, the costs associated with recovery could place a huge strain on your finances.To counter these costs, you need a plan that can give you what other traditional health plans may not provide – a lump sum insurance payout on detection (without any medical bills). This cash payout can help to pay for your medical costs and can also ensure that your income never stops.
Health insurance is an important aspect of our lives. Dr. Martin Luther King Jr. once said, “Of all the forms of inequality, injustice in healthcare is the most shocking and inhumane. This underscores the importance of having some form of health insurance to protect yourself and your family. You cannot adequately predict what your medical expenses needs will be. By budgeting to spend a reasonable sum of money on purchasing health insurance you can easily predict and plan for your actual expense no matter what medical eventuality should befall you. No need to delay seeking urgent medical attention when you need it. Prudential will cover your expense
Today, heart attack and cancer are the most common major illnesses. If you take a moment, you will definitely remember a friend or family member who has experienced these tragic events. Today, thanks to the marvels of modern medicine, people can fight these traumatic conditions and emerge victorious. However, the costs associated with recovery could place a huge strain on your finances. To counter these costs, you need a plan that can give you what other traditional health plans may not provide – a lump sum insurance payout on detection (without any medical bills). This cash payout can help to pay for your medical costs and can also ensure that your income never stops.
Today, heart attack and cancer are the most common major illnesses. If you take a moment, you will definitely remember a friend or family member who has experienced these tragic events. Today, thanks to the marvels of modern medicine, people can fight these traumatic conditions and emerge victorious. However, the costs associated with recovery could place a huge strain on your finances.To counter these costs, you need a plan that can give you what other traditional health plans may not provide – a lump sum insurance payout on detection (without any medical bills). This cash payout can help to pay for your medical costs and can also ensure that your income never stops.
Prudential Uganda is regulated by the Insurance Regulatory Authority of Uganda, whose main responsibility among others, is to ensure that insurance companies honour claims. Furthermore, Prudential Uganda is a subsidiary of Prudential plc, UK, a company that has been honouring claims for over 167 years.
Prudential Assurance Uganda Limited. All rights reserved.
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