Death Benefit – Your beneficiaries will receive the guaranteed death benefit equal to 200% of the sum assured, plus any accumulated guaranteed payouts in case of your demise. Outstanding policy loans and interest, if any, will be deducted. Maturity Benefit – You will receive 100% of the sum assured plus any accumulated payouts if you are alive by the policy maturity date. Outstanding policy loans and interest, if any, will be deducted. Guaranteed Cash Payouts - You will get guaranteed payouts equal to 10% of the sum assured and payable from the end of the 11th policy year until the plan’s maturity, as long as you are alive during payout dates. This may be reduced by any outstanding policy loans and accrued interest. The guaranteed payout may be left to accumulate with interest at a rate set by the Company. The payout accumulation rate is not guaranteed. Accumulation of Cash Values - Your policy accumulates cash value starting on the 2nd policy year. The amount of cash value depends on your policy's sum assured, the length of time it has been in force, and the length of the premium payment period.

Other Product Features

Optional Riders* - Upgrade your PRUSteady Income policy with any of the following riders for a more comprehensive protection. Accidental Death and Disablement (ADD) – Receive an additional benefit amount if the life insured passes away or becomes disabled or dismembered due to an accident, up to age 73 or until policy maturity, whichever is earlier Total and Permanent Disability (TPD) Plus – Get lump-sum cash when the life insured becomes totally and permanently disabled for at least 6 continuous months due to a bodily injury or disease, up to age 70 or until policy maturity, whichever is earlier Life Care Plus (LCP) – Get additional benefit if the life insured is diagnosed or has undergone surgery due to any of the 36 critical illnesses before the policy anniversary immediately following his/her 85th birthday or until policy maturity, whichever is earlier. Hospital Income (HI) - Provides daily and lump sum cash benefits to the life insured to cover the cost of hospitalization due to injury or illness until age 65 or until policy maturity, whichever is earlier. Exclusion on pre-existing conditions applies. Payor Waiver of Premium (PWP) - Waives the remaining premium of the base plan, TPD Plus, ADD benefit and Personal Accident Riders if the payor dies or becomes totally and permanently disabled. If the life insured is a minor, premiums are waived until the insured reaches age of maturity or the payment term ends. Waiver of Premium on Total and Permanent Disability (WPTPD) - Waives future premiums the base plan, ADD benefit and Personal Accident Riders if the life insured becomes totally and permanently disabled before age 60 or until policy maturity, whichever is earlier Life Care Waiver (LCW) - Waives all future premiums for the base plan, ADD, TPD Plus, Personal Accident Riders and Hospital Income riders if the life insured gets diagnosed or has undergone surgery due to a covered critical illness * All riders can be attached as long as the Life Insured is within the eligible issue age. Terms and conditions apply. Please refer to the Policy Contract for full details. Non-Forfeiture Options (NFO) - If you miss a premium payment within the grace period and your policy has built-up cash value, you can choose from these options to keep your coverage active: Extended Term Insurance – Use your policy’s cash value to extend coverage as a term insurance. Net Surrender Value – Receive the remaining cash value, and your plan terminates. Reduced Paid-up Insurance – Continue your policy without further premiums to a smaller, fully paid-up plan. Automatic Premium Loan (APL) – Use your policy’s cash value to automatically pay premiums. Premiums paid by the cash value are treated as loans which incur interest. If no NFO is selected during application, APL will be automatically applied as the default NFO.

PRUSteady Income

A 20-year endowment insurance plan that gives you guaranteed coverage and steady cash benefits, so you don't have to choose between enjoying life today and planning for your future.

You do you, we’ll take care of the rest.

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Benefits you can count on

10% net annual cash payouts

Receive 10% of your sum assured from the end of year 11 to policy maturity. Can be accumulated¹ until the end of the policy.
100% maturity benefit

Get your full sum assured as a lump sum when you complete the 20-year term.
Access to cash value

Make a loan² from your plan’s built-up cash value when you need extra funds.
200% protection from day 1

Give your loved ones double the sum assured as financial security in case you pass away.

¹ The guaranteed annual payout may be left to accumulate at a non-guaranteed interest rate set by the Company. Any accumulated payouts will be added to the death benefit or maturity benefit of the policy.

² Any outstanding loans and interest on the cash value may reduce your death benefit, maturity benefit, or annual payouts. If the total loan amount exceeds your policy’s cash value, the policy will end automatically.

To keep your policy active and ensure you're eligible for all its benefits, it is important to complete your premium payments through the full payment term.

Have both

With PRUSteady Income, you don’t have to choose between enjoying life today & planning for your future.

I'm a freelancer and the breadwinner of my family. The income from my gigs can be unpredictable, but PRUSteady Income gives me something I can rely on—guaranteed payouts that help me keep providing for the people I love. And when the policy matures, I’ll finally have the chance to invest in myself and fulfill the dreams I’ve long set aside.

As a career-driven mom of two, I work hard to give my children the life they deserve. My income is stable, but PRUSteady Income’s annual payouts offer that extra layer of support to help me sustain the lifestyle I dream of for them. And when the time comes, the maturity benefit will allow me to finally chase the dreams I put on hold when I chose to put my family first.

I've been working abroad to support my family. When I finally go home, I want more than just savings—I want a fresh start. With PRUSteady Income, I can set aside money by leaving the annual payouts to accumulate for 10 years. By the time I’m ready, that growing amount and the maturity benefit combined can become the capital I need to start my own business and build the life I’ve always dreamed of.

Learn more about the product

Product Features

Payment term
5 or 10 years

Payment frequency
Annual, semi-annual, quarterly, monthly

Duration of coverage
20 years

Age requirement
Policyowner: at least 18 years old
Life insured: 7 days to 60 years old

Minimum sum assured
PhP200,000

Death Benefit – Your beneficiaries will receive the guaranteed death benefit equal to 200% of the sum assured, plus any accumulated guaranteed payouts in case of your demise. Outstanding policy loans and interest, if any, will be deducted.
Maturity Benefit – You will receive 100% of the sum assured plus any accumulated payouts if you are alive by the policy maturity date. Outstanding policy loans and interest, if any, will be deducted.
Guaranteed Cash Payouts - You will get guaranteed payouts equal to 10% of the sum assured and payable from the end of the 11th policy year until the plan’s maturity, as long as you are alive during payout dates.

This may be reduced by any outstanding policy loans and accrued interest.

The guaranteed payout may be left to accumulate with interest at a rate set by the Company. The payout accumulation rate is not guaranteed.
Accumulation of Cash Values - Your policy accumulates cash value starting on the 2nd policy year. The amount of cash value depends on your policy's sum assured, the length of time it has been in force, and the length of the premium payment period.

Optional Riders* - Upgrade your PRUSteady Income policy with any of the following riders for a more comprehensive protection.
1. Accidental Death and Disablement (ADD) – Receive an additional benefit amount if the life insured passes away or becomes disabled or dismembered due to an accident, up to age 73 or until policy maturity, whichever is earlier
2. Total and Permanent Disability (TPD) Plus – Get lump-sum cash when the life insured becomes totally and permanently disabled for at least 6 continuous months due to a bodily injury or disease, up to age 70 or until policy maturity, whichever is earlier
3. Life Care Plus (LCP) – Get additional benefit if the life insured is diagnosed or has undergone surgery due to any of the 36 critical illnesses before the policy anniversary immediately following his/her 85th birthday or until policy maturity, whichever is earlier.
4. Hospital Income (HI) - Provides daily and lump sum cash benefits to the life insured to cover the cost of hospitalization due to injury or illness until age 65 or until policy maturity, whichever is earlier. Exclusion on pre-existing conditions applies.
5. Payor Waiver of Premium (PWP) - Waives the remaining premium of the base plan, TPD Plus, ADD benefit and Personal Accident Riders if the payor dies or becomes totally and permanently disabled. If the life insured is a minor, premiums are waived until the insured reaches age of maturity or the payment term ends.
6. Waiver of Premium on Total and Permanent Disability (WPTPD) - Waives future premiums the base plan, ADD benefit and Personal Accident Riders if the life insured becomes totally and permanently disabled before age 60 or until policy maturity, whichever is earlier
7. Life Care Waiver (LCW) - Waives all future premiums for the base plan, ADD, TPD Plus, Personal Accident Riders and Hospital Income riders if the life insured gets diagnosed or has undergone surgery due to a covered critical illness
*All riders can be attached as long as the Life Insured is within the eligible issue age. Terms and conditions apply. Please refer to the Policy Contract for full details.
Non-Forfeiture Options (NFO) - If you miss a premium payment within the grace period and your policy has built-up cash value, you can choose from these options to keep your coverage active:
- Extended Term Insurance – Use your policy’s cash value to extend coverage as a term insurance.
- Net Surrender Value – Receive the remaining cash value, and your plan terminates.
- Reduced Paid-up Insurance – Continue your policy without further premiums to a smaller, fully paid-up plan.
- Automatic Premium Loan (APL) – Use your policy’s cash value to automatically pay premiums. Premiums paid by the cash value are treated as loans which incur interest.