{"id":9395,"date":"2024-06-18T17:38:07","date_gmt":"2024-06-18T09:38:07","guid":{"rendered":"http:\/\/zestmag.com\/online\/?p=9395"},"modified":"2024-06-18T17:38:44","modified_gmt":"2024-06-18T09:38:44","slug":"pru-life-uk-launches-latest-product-prulifetime-income","status":"publish","type":"post","link":"https:\/\/zestmag.com\/online\/pru-life-uk-launches-latest-product-prulifetime-income\/","title":{"rendered":"Pru Life UK launches latest product, PRULifetime Income"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Pru Life UK introduces PRULifetime Income \u2013 its latest traditional insurance product which provides a guaranteed 5% annual payout for life and 200% lifetime protection for the family.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Policyholders can enjoy a\nguaranteed 5% yearly payout to fund family needs such as major purchases,\neducation expenses, business needs, or retirement. The annual payout is\nequivalent to 5% of the sum assured and is payable from the end of the 6<sup>th<\/sup>\npolicy year or until maturity, regardless of market conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PRULifetime Income offers\nmore comprehensive financial protection with its 200% insurance coverage. Till\nage 100, the insured can leave a double financial safety net for their loved\nones no matter what happens. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Payable for 5 or 10 years,\nthe minimum coverage amount is P250,000. This product is the ideal option for\nparents planning for their child\u2019s education, individuals with big purchase\nplans or travel goals and those who want a financially secure retirement. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For P2 million sum assured\nfor a 10-year-old child, 10-year plan, get guaranteed P900,000 total payout at\nthe age of 24, earn continuously till age 100 and leave P4 million to the\nchild\u2019s future family. A 30-year-old individual who wants P500,000 sum assured\ncan get total payout of P375,000 when he\/she turns 50 to fund a business or\nvacation and leave P1 million to loved ones in case of death.*<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PRULifetime Income can also provide\nnon-guaranteed dividends starting at the third (3<sup>rd<\/sup>) policy year and\ncan be paid in cash, applied to premium due or left to accumulate interest set\nby the Company.**<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&#8220;Many Filipinos now look for regular streams of income to\npursue their life goals without the fear of financial instability. We want to\naccelerate value creation for our customers by delivering diverse financial\nproducts and solutions tailored to address their evolving and unique needs at\nevery life stage. PRULifetime Income guarantees lifelong payouts plus double\ninsurance coverage, helping customers achieve financial security,&#8221;<\/em> Allan Tumbaga, Pru Life UK EVP and Chief Customer &amp;\nMarketing Officer, shares.<em><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With its promise to be the\nmost trusted partner and protector for many Filipino families, <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pru Life UK continues to\nlisten to customer needs and provide high value-for-money financial offerings\naccessible through its over 37,000 digitally-empowered agency force. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pru Life UK sustains its position as the leading life insurer in the Philippines with the highest New Business Annual Premium Equivalent (NBAPE), according to the Insurance Commission\u2019s Life Insurance Sector Quarterly Statistics for Q1 2024.\u00a0Read about it <a href=\"https:\/\/www.prulifeuk.com.ph\/en\/newsroom\/prulifeuk-maintains-its-leadership-position-for-Q1-2024\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Policyholders can enjoy a guaranteed 5% yearly payout to fund family needs such as major purchases, education expenses, business needs, or retirement. The annual payout is equivalent to 5% of the sum assured and is payable from the end of the 6th policy year or until maturity, regardless of market conditions.<\/p>\n","protected":false},"author":3,"featured_media":9396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[1810,2275,1914,2086],"class_list":["post-9395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-showcase","tag-insurance","tag-insurance-industry","tag-insurance-policy","tag-pru-life-uk"],"_links":{"self":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/comments?post=9395"}],"version-history":[{"count":1,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9395\/revisions"}],"predecessor-version":[{"id":9397,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9395\/revisions\/9397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media\/9396"}],"wp:attachment":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media?parent=9395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/categories?post=9395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/tags?post=9395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}