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Prudential
Prudential plc is an Asia led portfolio of businesses that provides health insurance, asset management and financial security. We exist to help our customers deal with their biggest financial concerns and to plan for their future with confidence through long-term savings and protection solutions such as health and life insurance, and retirement benefits.
Pru Smart Child Education Plan
My Family & I Policy
Pru Smart Child Education Plan is a life policy designed to help you plan to make provisions for your chldren's future school fees.
Policy Benefits
Educational Lumpsum
Maturity Bonus
Waiver of premium on Permanent Disablement of the Policyholder
Waiver of premium on policy-holder being diagnosed with a critical illness
Waiver of premium upon passing of the policyholder
Peace of mind for the leaders of tomorrow.
Pru Smart Saver Investment Plan
My Family & I Policy
Pru Smart Saver Investment Plan is a policy is designed for individuals who seek to save and earn investment returns from their savings over longer periods of time.
The policy also provides embedded risk protection which pays out an outright benefits on the passing of the policy-holder.
Policy Benefits
Investment Fund
Maturity Bonus
Access to savings
Accidental Death Benefits
Permanent Disablement of the Policyholder
Your Future, Secured.
Pru Flexi Farewell
My Family & I Policy
Pru Flexi Farewell is a funeral insurance policy, designed to protect you from unforeseen demise of the insured.
Policy Benefits
No Medical Examinations
Waiver of Premium on death of Policyholder
No Claim Cash-back
Hospital Cash Benefits
Loyalty Bonuses
No Lapse
Say goodbye with the Pru Flexi farewell plan.
PRU Smart Treasure Plan
My Family & I Policy
PRU Smart Treasure Plan
Policy Benefits
This benefit provides You with a great way to protect and build a nest egg for Your family.In the unfortunate event of Your passing on, the selected Sum Assured and the value of the Investment Fund becomes payable to the Beneficiary or appointed administrator to your estate.
This benefit enables Your family to continue to live on as it provides them with the much needed capital with which to carry on.
These terms apply even to the Spouse Benefit explained below. For accidental causes of death, however, 100% of the Sum Assured is paid as benefit at any time
Spouse Funeral Benefit (SFB)
A spouse funeral benefit is embedded in the product and is limited to 10% of Your Sum Assured. All the terms on the life benefit apply to this benefit in the same proportions.
Investment Fund
You have the option to add an investment component to Your plan. The Investment Fund is accumulated from investments contributions made on the plan, less charges plus investment income accrued to You.
Medical treatment
A life assured who has an accident or injury or contracts any illness must as soon as possible procure proper medical attention and carry out and follow in full the medical instructions and advice given. Failure to do so will invalidate the potential claim.
PRU Smart Lady
My Family & I POLICY
PRU Smart Lady
Who can be eligible for cover?
Navigating life as a woman can be challenging. As you juggle the many hats, the Pru Smart Lady Plan affords you the satisfaction, knowing that your financial needs are taken care of.
Life Benefit
Female Related and Other Critical Illnesses Benefit
Maternity Complication
Hospital Cash
Mid-Term Cash Bonuses(Kitchen & Wardrobe benefits)
For the woman who deserves more
Pru Dollar
Premium Products
Pru Dollar Platinum Saver is a single premium savings policy, designed to allow regular withdrawals by the insured over a fixed period.
Policy Benefits
The policyholder may make partial withdrawals up to 10.0% of the current account value after each completed year of the policy. If the policyholder chooses to withdraw less than 10.0%, the residual % carries forward and can be used in future years. Withdrawals are not limited to the policy anniversary, but a maximum of two withdrawals can be made in any policy year. The surrender charge is waived on these withdrawals.
At the end of the policy term the policyholder will receive the full account value plus a maturity bonus, if no withdrawals have been taken.
Paid at maturity, this is ‘X’% of the account value at maturity, where ‘X’ is the policy term in years. If there has been top up premiums paid, ‘X’ is the weighted average time (in years) from premium payment date to maturity date for all premiums paid. This bonus is only paid if no partial withdrawals were taken.
Features
Issue Ages: 19-70, subject to a maximum maturity age of 75
Policy terms: 5-20 years
Single premium at policy issue; top-up premium may be paid any time after issue.
Interest crediting rate based on Company earnings rate: target spread for PLAZ is 3.5%
Life insurance benefit; payment of account value without surrender charge plus USD 1,300.00
Charges to cover the cost of the life insurance will be deducted from the account value monthly
Minimum single or top-up premium is USD 2,500.00
Risk Premium Charge: USD 1.00
Medical Insurance
Premium Products
Pru Dollar Platinum Saver is a single premium savings policy, designed to allow regular withdrawals by the insured over a fixed period.
Policy Benefits
The policyholder may make partial withdrawals up to 10.0% of the current account value after each completed year of the policy. If the policyholder chooses to withdraw less than 10.0%, the residual % carries forward and can be used in future years. Withdrawals are not limited to the policy anniversary, but a maximum of two withdrawals can be made in any policy year. The surrender charge is waived on these withdrawals.
At the end of the policy term the policyholder will receive the full account value plus a maturity bonus, if no withdrawals have been taken.
Paid at maturity, this is ‘X’% of the account value at maturity, where ‘X’ is the policy term in years. If there has been top up premiums paid, ‘X’ is the weighted average time (in years) from premium payment date to maturity date for all premiums paid. This bonus is only paid if no partial withdrawals were taken.
Features
Issue Ages: 19-70, subject to a maximum maturity age of 75
Policy terms: 5-20 years
Single premium at policy issue; top-up premium may be paid any time after issue.
Interest crediting rate based on Company earnings rate: target spread for PLAZ is 3.5%
Life insurance benefit; payment of account value without surrender charge plus USD 1,300.00
Charges to cover the cost of the life insurance will be deducted from the account value monthly
Minimum single or top-up premium is USD 2,500.00
Risk Premium Charge: USD 1.00
Managed Care Adminstration Schemes
Corporate Insurance solutions
Prudential Life Assurance Zambia offers a convenient wide range of health care solutions under the medical insurance product services which also include Managed Care/Fund administration.
Medical insurance schemes offer financial protection by guaranteeing future health care bills to be settled within the limits given to the insured in a 12-month period.
Scheme Benefits
With medical insurance each of the cover levels has two (2) major benefits namely OUT-PATIENT and IN-PATIENT. The benefits allocated cover medical expenses of members incurred within Zambia as well as those incurred when evacuated to the pre-determined countries depending on the policy plan.
Out-Patient services are the day-to-day hospital visits which includes consultation, lab tests and medication as well optical and dental services.
In-Patient services are services rendered when a member is admitted which includes but is not limited to accommodation, doctor or surgeons' fees and medication. Maternity benefits for both normal delivery and caesarean section procedures are covered to the benefit limit as per policy.
Group Credit Life
Managed Care Adminstration Schemes
Prudential Life Assurance offers expert advice in the Managed Care Administration Scheme (MCAS) design process. We also offer tailor made advice on methodology and access to the benefits to ensure the client’s health care needs are met.
Product Cover
These benefits under this type of scheme may be specified or unspecified and with or without standard benefit exclusions. The product benefits is tailored to the client’s preferences however usually includes the following;
Consultation
Prescription Medicines
Maternity Care
Emergency Rooms
Laboratory
Dental
Benefits
Hospitalization
Doctors’ Fees
X-Rays
Diagnostics
Optical
Theatre Costs
Surgeons’ Fees
Nursing Care
Group Credit Life
Group Credit Life
This is a policy that provides for the payment of an outstanding loan in the event of the occurrence of the death, disability, critical illness or retrenchment of the policy holder. This insurance plan also provides cover for the payment of an outstanding loan on consumer durable goods like; household items, electronics etc.
Additional Benefits GCLA
Total permanent disability
The TPD benefit shall become payable when the Life Assured becomes permanently unable to work in any occupation which the Life Assured is reasonably able to do, given his experience, education, or training, because of an injury or illness; subject to a waiting period of six months from the date of disablement.
Critical Illness
The Critical Illness benefit becomes payable when the Life Assured is diagnosed with certain defined illnesses.
Retrenchment
The loss of employment benefit due to retrenchment or redundancy will become payable on loss of employment, subject to the terms and conditions of the contract.
Group Life Assurance
A Group Life Assurance Policy provides lump sum death-in-service benefit to the dependents of a deceases employee. The policy is usually employer-sponsored. The level of cover (benefits) is often expressed as a multiple of the employee’s last notified annual salary. The policy may be issued with riders such as disability benefits, critical illness benefits, funeral benefits, and accidental death benefits. Group Life Assurance level of cover of benefits can also be stated as a flat sum.
Additional Benefits under GCLA
Accidental death
The Accidental Death benefit becomes payable when death of the life assured is because of accidental causes.
Total permanent disability
The TPD benefit shall become payable when the Life Assured becomes permanently unable to work in any occupation which the Life Assured is reasonably able to do, given his experience, education, or training, because of an injury or illness; subject to a waiting period of six months from the date of disablement.
Critical Illness
The Critical Illness benefit becomes payable when the Life Assured is diagnosed with certain defined illnesses.
Group Funeral Expenses Scheme
Group Funeral Expenses Scheme
Group funeral expenses insurance takes care of the unexpected, and often exorbitant, cost associated with a funeral, on the death of any of your insured employees or any of their family members. It allows you the peace of mind to know you can help your employee’s family with a decent funeral, without your business incurring these unexpected cash outlays. This will mean reduced financial stress on your employee, and in turn, you the employer stands to benefit from a workforce with managed financial stress.
Benefit Payout
A stated benefit will be paid out to ensure the deceased employee or their family member as the case maybe is accorded a decent burial and send-off, without undue financial pressure on their loved ones or you, the employer. Benefits per life will depend on your request but from practice the usual range is K 5 000 to K25 000 for employee, spouse etc.
The basic information we require to quote for this type of cover is;
Names of the employees and dependents to be covered.
Full dates of birth of lives to be covered.
Benefit level required e.g. Member K10,000, Spouse K5,000, Children K5,000 etc.
Group Health
Group Health
Prudential Life Assurance Zambia offers a convenient wide range of health care solutions under the medical insurance product services which also include Managed Care/Fund administration. Medical insurance schemes offer financial protection by guaranteeing future health care bills to be settled within the limits given to the insured in a 12-month period.
Who is covered?
Our health offering covers corporates as well as small and medium enterprises.
Our Health Insurance Includes:
In-patient / Major medical benefits; Out-patient / Day to day benefits and international emergency evacuation are all part of our offering..
A Range of Options to Suit Your Needs:
Our cover is comprehensive and includes extensive benefits with high overall limits. Our chronic medicine benefits include but not limited to Hypertension, Diabetes, HIV and our cover is not only limited to employees but may be extended to employees; immediate family.
Partner Health Care Providers:
We have partnered with over 172 Hospitals both Private and Public across the country
For more information on Prudential Health Insurance info@prudential.co.zm, hcpliaison@prudential.co.zm
Overseas Travel Insurance
Overseas Travel Insurance
Prudential overseas travel insurance offers great benefits, ranging from medical expenses cover in the event of an unexpected illness or a sudden accident, pay-outs for travel delays, lost property, when you travel outside Zambia.
The overseas travel insurance offers many benefits that include the following:
Medical repatriation and other medical expense cover in the best hospitals worth up to USD $250,000.00
Third person benefits in case of death of up to USD $25,000.00
Emergency dental treatment cover up to USD $150.00
Personal accident cover up to USD $25,000.00
Claims worth over USD $100.00 per person.
Personal possessions (i.e. Luggage) loss payouts up to USD $1,000.00.
Passport loss payout of up to USD $150.00.
Baggage delay payout (In excess of 12 hours) up to USD $150.00
Out there starts with Prudential.
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