Pru-Investor Plus

Preview

This is a whole life assurance policy with a savings(investment) component

Plan Overview

  • Cover Scope
    Cover is for the whole of life for the policy holder

  • Cover Terms
    The policy has flexible payment terms; whole of life; to age 50; to age 55; to age 60; to age 65.

  • A minimum of 20% of the total premium is allocated to the risk. This can be increased up to a maximum of 100%.  80% to the investment portion of the premium can be varied between 0 to a maximum of 80%.

Key features of – Pru-Investor Plus

Cover Requirements

For Principal

Pru-Investor Plus Benefits

Death Benefit

In the event of death, Prudential pays 100% of the sum assured plus accrued bonuses

Risk Sum Assured

The risk sum assured earns a discretionary bonus (3.0%) every year the policy remains in force

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.

Investment Contributions

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

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

Withdraws & Surrender of Policy.

The client qualifies to withdraw 100% of the accumulated fund value plus any declared interest every 3 years during the premium paying term. Policy will continue running even after withdrawal of investment premium. 

Policy can only be surrendered after a minimum of 2 years of premium payment. On surrender, policy is terminated.

Terms and Conditions

  • The policy has no maturity pay-out
  • Minimum and maximum sums assured are 20 million and 3 billion respectively
  • Cover is for the whole of life for the policy holder
  • The policy has flexible payment terms; whole of life; to age 50; to age 55; to age 60; to age 65.
  • 20% of the total premium is allocated to the risk cover and 80% to the investment contributions. The allocations to risk can be varied from 20% to 100%, Investment can be varied from 0% to 80% 
  • A waiting period of two months will apply on the policy following a reinstatement after a lapse.

General Pru-Investor Plus 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 policy does not have a term however, one can choose to pay to throughout life up to a maximum of 100 years or up to age 50, 55, 60 and 65, respectively.

Provided your policy is still within the first two years, Prudential will allow you a grace period of up to 90 calendar days. During this period, you will continue to enjoy cover, meaning that should the insured event occur, the applicable benefits shall be paid out. After two years of premium payment, the policy will attain a value and will be a paid-up policy to extent of the premiums that have been paid. This value can always be accelerated by paying arrear premiums

After the grace period, if premiums remain unpaid for a policy that has not completed two (2), your policy shall lapse (cover/benefits are suspended). You will be given a year within which to pay arrear premiums and have the cover reinstated. After two years, as the last resort, you can surrender your policy and receive the surrender value (from the protection portion) + your investment plus accrued interest less administration fee.

 
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.
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

            10th 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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