Pru Life UK introduced its latest investment-linked insurance product, PRUMillion Flex.
The limited-time offer allows customers to pay premiums over just two years through various payment modes, giving them flexibility to manage their finances more effectively. With a minimum annual premium of P250,000, customers gain access to a diverse range of expertly-managed funds.
Customers can choose a payment mode that best fits their financial capacity—whether monthly, quarterly, semi-annually, or annually.
This latest product provides death benefit coverage of 5 times the annual premium or 105 percent of the fund value, whichever is higher. Customers can still get 105 percent of the fund value once the policy reaches maturity at 85 years old as long as the insured is alive.
“We listened to our customers’ needs for a product that offers short-term payment with potential long-term gains. This inspired us to create PRUMillion Flex,” said Garen Dee, vice president and chief product officer at Pru Life UK.
“With flexible payment options, high premium allocation, access to expertly-managed funds and substantial coverage, customers can start building their million coverage in just two years. We hope PRUMillion Flex can help more Filipinos achieve their financial aspirations,” Dee said.
