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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More about PRUSteady Income

Plan Details

 

 

 

Plan Details

 

 

 

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

Core Benefits
  1. 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.

  2. 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.

  3. 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.

  4. 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
  1. Optional Riders* - Upgrade your PRUSteady Income policy with any of the following riders for a more comprehensive protection.

    a) Accidental Death and Disablement (ADD) Benefit – You or your beneficiary will receive an additional benefit amount if you pass away or become disabled or dismembered due to an accident, up to age 73. Claimable within 180 days of the accident.

    b) Total and Permanent Disability (TPD) Plus – Get lump sum cash when you become totally and permanently disabled for at least 6 continuous months due to a bodily injury or disease, up to age 70.

    c) Waiver of Premium on Total and Permanent Disability (WPTPD) – Have your remaining premiums waived for the base plan and ADD benefit if you become totally and permanently disabled.

    d) Payor Waiver of Premium Benefit – If the payor is different from the insured, this rider waives the remaining premiums of the base plan, TPD Plus benefit, and ADD benefit if the payor passes away or becomes totally and permanently disabled.

    *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.

  2. 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 incurs interest

If no NFO is selected during application, APL will be automatically applied as the default NFO.

Based on the policy’s sum assured

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.

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

PRUSteady Income

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