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Pru Life UK makes access to insurance easy

The initiative is part of Pru Life UK’s drive towards the company’s goals to make health protection accessible to everyone, particularly to the financially underserved sectors of society. Shopee’s wide reach and high user base makes it an ideal platform that connects Filipinos to insurance products that fit their budget.

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Pru Life UK has now made its health protection products accessible to more Filipino families through e-vouchers now available in Shopee.

The initiative is part of Pru Life UK’s drive towards the company’s goals to make health protection accessible to everyone, particularly to the financially underserved sectors of society. Shopee’s wide reach and high user base makes it an ideal platform that connects Filipinos to insurance products that fit their budget.

“Pru Life UK strongly believes that Filipinos from all walks of life should have easy access to life insurance products. Being on the Shopee platform aims to encourage everyone to protect themselves and those who matter to them with products at price points they can afford,” Pru Life UK President and Chief Executive Officer Eng Teng Wong said.

Shopee users can purchase e-vouchers for PRUDengue MedCare and PRUDengue MedCare Pro which are redeemable in Pulse, Pru Life UK’s health and wealth mobile app. Both of which are available in two different packages. PRUDengue MedCare Package A and B are priced at Php 200 and Php 300 respectively, while PRUDengue MedCare Package A and B are priced at Php 240 and Php 350. All Package A products offer six months of dengue coverage while all Package B products cover 12 months.

Both products offer a lump sum benefit of Php 10,000 for the life insured upon diagnosis of dengue. PRUDengue MedCare Pro, on the other hand, also provides a lump sum benefit of Php 100,000 if the life assured passes away due to dengue.

Dengue is a widespread infectious disease with 208,170 annual average number of cases in the country from 2010 to 20191. From January to June this year, there have been around 45,416 dengue cases reported in the Philippines2. According to an article from The American Journal of Tropical Medicine and Hygiene3, the average cost of a dengue treatment in the country is around Php 35,000 in private hospitals and around Php 17,000 in public hospitals.

“Offering insurance products at affordable prices is something we will always push for because we want to promote financial inclusion by offering protection coverage to all Filipinos and help everyone get the most out of life,” Wong added. The company will be adding other types of plans to cater to different protection and financial needs of Filipinos in the coming months.

Filipinos aged 18-59 are eligible to buy the product as the policyowner and they can also avail it for their kids who are aged 1-17. Overseas Filipino Workers may also buy the e-vouchers in Shopee and share with their loved ones in the Philippines. The policyowner and the life insured must be in the country at the time of the sale/redemption in Pulse.

To buy the product e-vouchers, go to the Shopee app and type “Pru Life UK” in the search box. On the Pru Life UK page, choose an e-voucher and pay. Pru Life UK will send an email with the e-voucher. Click the “Redeem Now” button from the email and redeem the e-voucher in Pulse’s PRUShoppe.

For more information about Pru Life UK’s offerings and products, visit www.prulifeuk.com.ph or their official Shopee store www.shopee.ph/prulifeukofficial.

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Pru Life UK maintains leadership position for Q1 2024 as top life insurer in PH

The report from the Insurance Commission (IC) shows Pru Life UK garnered a total of Php 2.36 billion in NBAPE as of 31 March 2024. NBAPE serves as the universally accepted performance metric used to assess and compare sales performances of the life insurance industry in the Philippines*.

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Pru Life UK sustains its position as the leading life insurer in the Philippines, concluding the first quarter of 2024 with the highest New Business Annual Premium Equivalent (NBAPE), following its top ranking at the end of 2023.

The report from the Insurance Commission (IC) shows Pru Life UK garnered a total of Php 2.36 billion in NBAPE as of 31 March 2024. NBAPE serves as the universally accepted performance metric used to assess and compare sales performances of the life insurance industry in the Philippines*.

By leveraging on a customer-centric approach and product innovation, together with the support of its over 37,000 digitally empowered agency force, Pru Life UK also leads in total premium income from variable life insurance products, amounting to over Php 11.1 billion as of 31 March 2024.

Solidifying its strong market position and growth potential in the insurance industry, Pru Life UK continues to diversify its innovative offerings with the launch of PRULove for Life, a limited-pay, whole-life participating plan for as low as Php 87** per day, and PRULove Wealth***, a single premium product offering 4% guaranteed annual cash payout, 100% cashback, and up to 125% insurance coverage. 

“We are proud to have sustained our position as the top life insurer in the Philippines for the first quarter of 2024 based on the IC’s NBAPE ranking. This achievement reflects our unwavering commitment to providing innovative financial solutions to Filipino families. It is a testament to our agility, resilience, and relentless focus to provide only what’s best for our customers,” shares Sanjay Chakrabarty, Pru Life UK’s President and Chief Executive Officer.

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Protect every journey with Pacific Cross Travelsafe Insurance Plan

Pacific Cross offers a variety of packages designed for worry-free travel.

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Pacific Cross Philippines is excited to share significant enhancements to their Travel Insurance business — not only are they offering improved plans and benefits with their new roster of products, but they are also introducing MyTravelsafe, their revamped digital platform, to ensure that comprehensive protection is within easy reach of travelers. 

Whether you are traveling abroad to beat the heat, or looking for a quick beach get-away, Pacific Cross offers a variety of packages designed for worry-free travel.  Whether you’re solo backpacking across Europe, enjoying a family trip at an Asian destination, or having a blast with friends on a weekend excursion, you can trust a Pacific Cross plan to protect you on every journey. Pacific Cross Travelsafe Plans offer a variety of benefits and options — local and international protection, Peso, Dollar and Euro Plans, benefits for single and multi-trips, as well as individual and family coverage, among others. 

The new Pacific Cross MyTravelsafe portal allows travelers to access Pacific Cross offerings online, anytime, anywhere. With the process made more accessible and convenient, clients can be assured they have high-value travel protection at affordable rates right at their fingertips.

This increased accessibility also makes it possible for travelers to access the other key features of their travel insurance like medical treatment benefits, coverage for usual travel inconveniences such as flight and baggage delays, travel insurance for Seniors aged 76 and above, more extensive coverage for loss of gadgets, loss or damage of sporting equipment, mobile phone charges, and trip cancellation, among others.   

Pacific Cross announces these improvements as they are awarded the 2024 Gold Award for the Travel Insurance Category in the Reader’s Digest Trusted Brands.

“We are pleased and honored to be in this league of trusted brands. This award is a testament to our commitment to provide value-for-money travel protection to our clients. Our customers can be assured that we will keep working hard to be worthy of their trust, and that we will use this recognition as motivation to bring continuously improving travel products and services to the market,” says Pacific Cross President & CEO Victor Tanjuakio.

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Hearing from a policyowner who found a lifeline in insurance

For Cerila Espidillon, her insurance plan not only provided financial assistance but also served as a source of strength for her and her family, enabling them to confront the ordeal without worrying about the added burden of debt.

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Life is full of uncertainties, and cancer is one of the toughest challenges families can face. Here, we share the story of one of our policyowners who found a lifeline in the form of insurance.

For Cerila Espidillon, her insurance plan not only provided financial assistance but also served as a source of strength for her and her family, enabling them to confront the ordeal without worrying about the added burden of debt.

Espidillon shares her story of resilience and PRU Love:

“I have been insured by Pru Life UK since 2013. I come from a poor family and saw people borrowing money when they got sick, and people who relied on their children to take care of them. I told my husband that I don’t want our kids to worry about us when we grow older. I knew I made the right decision when I was diagnosed with breast cancer on Valentine’s Day in 2022. Strangely, I didn’t worry and continued with my work here in Dubai. My biggest concern was my kids seeing me sick.

“My friend and agent, Peach, helped me process my claim. It was so fast. I didn’t need to follow up because not long after I gave all my documents, the claim was already in my account. The claim not only helped me pay my hospital bills without going into debt, but also made me feel at ease knowing I am financially covered. I felt the care that Pru Life UK has for its clients. Now I can focus on my recovery and my kids. Insurance policies offer peace of mind and financial protection, especially from unforeseen incidents. If we want a better life, we need to get insurance.”

Espidillon’s story is just one example of how crucial life insurance can be for families, offering peace of mind during difficult times. To keep families protected, Pru Life UK launched PRUHealth FamLove, a yearly-renewable protection plan that shares the critical illness coverage to up to four family members in one policy. 

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