Life Cover provides a lump sum cash payment if the person covered dies or is diagnosed with a terminal illness (with a life expectancy of less than 12 months). The person covered could be a shareholder, business partner or keyperson.
Our Life Cover is available on a fixed term or renewable term basis. If you select a renewable term at the end of 5 years you have the option to take out a plan for a further 5 years.
With our PruProtect Plan your business will receive free cover at no extra cost whilst the business is waiting for its application to be assessed.
We offer Life Cover on a level, indexing or decreasing basis. With level cover, your cover is designed to stay the same over the life of the plan - it will only change if you change a cover. With indexed cover you can choose for your cover to increase in line with the Retail Prices Index (up to maximum of 10%) or by 2%, 3%, 4% or 5% p.a. With decreasing cover, your cover decreases each month in the same way as the outstanding capital on a repayment mortgage at an interest rate that you chose between 5% and 15%.
Our guaranteed insurability options allow you to increase cover for your business when certain events happen without giving us information about the health of the person covered. These events include a change in the value of a keyperson, an increase in the value of a partner or shareholder's interest in the business and a new or increased loan or mortgage.
We are the first mainstream insurance company to provide Life Cover for people with HIV, of up to £250,000 for a maximum of ten years.
Vitality is our proven health and wellness programme that can help members to get and stay healthy through a range of tools and discounts.
Members get discounts with our health partners and half price screens, as well as useful tools to help them understand and monitor their health, and set goals to improve it.
Disability Cover for business provides a lump sum if the person covered becomes disabled because of an accident or suffers a serious illness.
It helps you protect against the financial impact should a keyperson, shareholder or partner become disabled. If the person covered becomes disabled, this cover gives you financial support to keep your business running.
Our Disability Cover for Business has been designed specifically for businesses. It provides a payout for conditions that are so disabling that the person covered is no longer able to work in the business and is unlikely to recover.
We use medical criteria to define the conditions which lead to a payout with Disability Cover for Business. This means you will be assured of a benefit payment when it meets the claim definition.
We offer Disability Cover for Business on a level, indexing or decreasing basis. The cover amount for Disability Cover for Business can be different to the Life Cover amount. You can choose between a fixed term or renewable term option.
Our guaranteed insurability options allow you to increase cover when certain events happen without giving us information about the health of the person covered. These events include a change in the value of a keyperson, an increase in the value of a partner or shareholder's interest in the business and a new or increased loan or mortgage.
If the person covered is ill or injured and can't work, we'll waive your plan premiums until they're well enough to go back to work.
With our Waiver of Premium on Incapacity you can choose a deferred period (the period of incapacity before your benefits are paid) of 1, 3, 6 or 12 months.
We start waiving your premiums the day after your deferred period ends. The deferred period starts on the date you become incapacitated according to the definition that applies to your plan. It ends when you have been continuously incapacitated for one of:
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PruProtect is a trading name of Prudential Health Services Limited (registered number 05933141) and Prudential is a trading name of The Prudential Assurance Company Limited (registered number 00015454). The Prudential Assurance Company Limited provides and manufactures benefits under the plan. Prudential Health Services Limited distributes and services the product and issues the documentation. Companies are registered in England and Wales. Registered offices at Laurence Pountney Hill, London EC4R OHH. All companies are authorised and regulated by the Financial Services Authority. Neither company is affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America.
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