Pru Life UK has launched PRUMillion Protect, a limited-pay, investment-linked insurance plan that allows customers to complete premium payments in just two years while securing substantial long-term protection.
The insurer said the new product addresses growing demand from business owners, professionals, and family providers who want strong coverage without being tied to lengthy payment commitments.
PRUMillion Protect offers life insurance coverage equivalent to five times the base annual premium or 105 percent of the fund value, whichever is higher — positioning it as a higher-coverage alternative to many single-pay investment-linked plans. Built-in benefits for accelerated total and permanent disability, as well as accidental death and disablement, provide additional financial protection against unforeseen events.
The plan also streamlines access to coverage through a simplified insurability offer, allowing eligible applicants to skip medical examinations. With high fund allocation, policyholders can potentially grow their investment component earlier, helping sustain coverage over time.
Open to individuals from seven days old to 70 years old, the plan provides protection up to age 85, subject to policy terms and conditions. It also includes a loyalty bonus starting in the 10th policy year and every five years thereafter for customers who remain invested. Optional riders are available to further enhance protection benefits.
Company officials underscored that protection has become a cornerstone of modern financial planning, particularly amid changing market conditions and rising personal responsibilities. They added that the new offering reflects a broader shift among Filipinos toward viewing insurance as a mark of financial maturity and long-term preparedness.
