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Pru-Investor Plan

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Pru-Investor Plan, is a term life assurance policy with a savings(investment) component

  • Pru-Investor Plan Brochure
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Plan Overview

  • Cover Scope
    Cover is within the duration of the policy term

  • Policy Term
    The minimum policy term is 5 years, and the maximum policy term is 25 years

  • Minimum risk percentage is 20% and maximum risk percentage is 100% of the gross premium. The higher the risk portion, the higher the risk cover (sum assured). 

  • The minimum sum assured is UGX 20,000,000

Key features of – Pru-Investor Plan

  • Entry age; minimum and maximum entry ages are 18 and 65 respectively
  • Waiting Period; A waiting period of two months will apply on the policy following a reinstatement after a lapse
  • Sum Assured; minimum and maximum sums assured are 20 million and 3 billion respectively
  • Scope of Cover: Death, Permanent Total Disability and Critical illiness.
  • Offers a cash out at any point in time. ( Ts & Cs Apply) . Pays fund balance at end of policy Term.

Cover Requirements

For Principal

  • National ID / Passport / Driving Permit
  • Application form

Pru-Investor Plan Benefits

Death Benefit

In the event of death, Prudential pays 100% of the sum assured plus accrued bonuses and the accumulated fund value

Investment Contributions

The investment contributions earn a discretionary 10% annual compound interest payable monthly

Critical illness

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

Withdraws

The client qualifies to withdraw 100% of the accumulated fund value plus any declared interest every 3 years during the premium paying term.

Permanent Total Disability

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

At the end of the term

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

Terms and Conditions

  • The policy has no maturity pay-out
  • The policy has no surrender value
  • On withdrawing the investment contributions before year 3, the client gets 75% of the fund value after 6 months, 85% between 7 and 12 months, 90% between 13 and 24 months and 100% after 25 months
  • The policy does not earn a bonus

General Pru-Investor Plan Frequently Asked Questions

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

 
Provided all the claim requirements are received, the claim will be paid within 5 working days from date of receipt of the final document. The only reason it would take longer is non receipt of the necessary documents.
Yes, provided this is done within twelve months from the date of lapse and that all arrear premiums are paid. At the discretion of Prudential, confirmation of continued good health may be required.
 In the event of death of your nominated beneficiary, you will be allowed to nominate another beneficiary.
 A waiting period of 60 days shall apply to policies only from the from date of reinstatement in respect of either death, or critical illness or permanent total disability arising from natural causes. The waiting period shall not apply for accidental causes.
 
Provided all the claim requirements are received, the claim will be paid within 5 working days from date of receipt of the final document. The only reason it would take longer is non receipt of the necessary documents.
Clients Feedback

Our Clients Reviews

Thank you, Prudential, for your promptness on the Toll-free line and the WhatsApp group. Martha, Ritah and Elliot, thanks for the super work that you do.

    Immaculate Gonza.

    Centenary Bank.

    Am a service provider and I have worked with so many Insurance companies but by far “The Pru”, has proved to be very prompt when it comes to payment.

      Joel Oroni.

      IMC General Manager.

      Thank you Ritah for your kindness. You really helped me when I was stuck at Doctor's hospital Sseguku. May God reward you abundantly.

        Jacenta Ashaba

        Centenary Bank.

        Thank you Ritah! Thank you that you do not use automated machines, but we get to speak to people like you. We appreciate Prudential, you guys have come into the market with your new thing and it is good. Medical wise we are happy with Prudential!

          Julius Lubega.

          Centenary Bank

          Thank you, Prudential, for the birthday message, I also received messages for my dependants.

            Gertrude Nahabwa

            Centenary Bank

            Give Us A Call

            0800-200-052

            Send Us A Message

            customercare@prudential.ug

            Office Location

            7th Floor, Zebra Plaza, Plot 23 Kampala Road, Kampala

            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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