Pru-Investor Plan, is a term life assurance policy with a savings(investment) component
In the event of death, Prudential pays 100% of the sum assured plus accrued bonuses and the accumulated fund value
The investment contributions earn a discretionary 10% annual compound interest payable monthly
On first time diagnosis of a listed illness, Prudential pays 30% of the sum assured up to a maximum of 300 million. 100% of the accumulated fund if any will be paid to the policy holder. The remaining risk premium will be waived for the remaining payment term. The death benefits are still payable when they fall due
The client qualifies to withdraw 100% of the accumulated fund value plus any declared interest every 3 years during the premium paying term.
100% of the sum assured up to a maximum of 300 million is payable if the insured becomes impaired. 100% of the accumulated fund if any will be paid to the policy holder
On survival to the end of the policy term, the policy shall be subject to a refund of 6% of the total gross premiums on the policy
No, Your policy will remain active. You will be required to continue paying premiums as prescribed in your policy document.
Yes - the minimum entry age for one to take out this plan is 18 years and the maximum age is 65 years.
The minimum term is 5 years, and the maximum term is 25 years.
Grace periods for missed premiums before policies are lapsed will be ninety (90) days. If a policy is lapsed, no benefit shall be payable to the policyholder. You will be given a year within which to pay arrear premiums and have the cover reinstated.
After the grace period, if premiums remain unpaid your policy shall lapse (cover/benefits are suspended). A percentage of the fund value (investment premium plus interest as at the date of termination less administration charges) will be payable out as a benefit
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 175 years.
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