Pru Life UK extends premium payment grace period for Yolanda victims to 3 months

British life insurer Pru Life UK is adding an additional 60 days to the standard 31-day grace period for premium payments in areas severely affected by typhoon “Yolanda” (international name: Haiyan), extending the grace period to 91 days. The Company’s initiative to alleviate the difficulties caused by the calamity is in accordance with President Benigno S. Aquino’s Presidential Proclamation No. 682 Declaring a State of National Calamity in the aftermath of the super typhoon.

“As our countrymen rebuild their lives after a tragedy of such massive scale, we are one with the nation in the desire to contribute in providing assistance and relief in any way we can,” shared Pru Life UK Executive Vice President and Chief Operations Officer George Opeda.

The extended grace period shall apply to premium payments with due dates between October 8 and December 8, 2013 in the following areas as identified by the National Disaster Risk Reduction and Management Council (NDRRMC) in their Situation Report released November 13:

The municipalities of Batangas, Cavite, Laguna, Quezon and Rizal in Region IV-A; Marinduque, Occidental Mindoro, Oriental Mindoro, Palawan and Romblon in Region IV-B; Albay, Camarines Norte, Camarines Sur, Catanduanes, Masbate and Sorsogon in Region V; Aklan, Antique, Capiz, Guimaras, Iloilo and Negros Occidental in Region VI; Bohol, Cebu and Negros Oriental in Region VII; Biliran, Eastern Samar, Leyte, Northern Samar, Western Samar and Southern Leyte in Region VIII; Bukidnon, Camiguin, Lanao Del Norte and Misamis Oriental in Region X; Compostela Valley and Davao Oriental in Region XI; and Agusan Del Norte, Dinagat Islands, Surigao Del Norte and Surigao Del Sur in Region XIII.

All payments made by policyholders in the said areas during the period covered shall be accepted without interest.

True to the Company’s commitment to understand and provide care to communities where it does business, Pru Life UK is one with the Filipino people in the desire to respond to the needs of our fellowmen affected by the devastation brought about by Yolanda, especially policyholders who have included Pru Life UK in their plans for the future.

Established in 1996, Pru Life UK is a subsidiary of British financial services giant Prudential plc. Pru Life UK is the pioneer and current market leader of unit-linked or investment-linked life insurance products, and is one of the first life insurance companies approved to market US dollar-denominated unit-linked policies in the country. Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.

Prudential plc is a United Kingdom-registered company. Its regional headquarters, Prudential Corporation Asia, is based in Hong Kong.

Pru Life UK and Prudential plc are not affiliated with Prudential Financial, Inc. (a US-registered company), Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies).

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