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Term insurance

PRUTerm 15

PRUTerm 15 is a simple and straightforward term life insurance plan that provides optimum coverage.

 Product features

Payment term

Pay for your plan in 15 years.

Coverage period       

The duration of the coverage is for 15 years.

Age requirement      

The plan is eligible for applicants from 18 to 65 years old.

Minimum annual* payment

Premium starts at PhP 7,120**

*Other payment frequency options available

**For ages 18-20

Product details

Core benefits

Death benefit - sum assured of the plan

Optional benefits
Protection against accident, death, and disability:
  • Accelerated Total and Permanent Disability - cash benefit deducted from the base plan and paid in advance in case of sickness or injury

  • Waiver of Premium on Total and Permanent Disability - exemption from paying the succeeding premiums if the insured becomes totally and permanently disabled

  • Accidental Death and Disablement - an additional cash benefit in case the insured meets an accident that results in bodily injury, death or disability

  • Personal Accident - a cash benefit in the event the insured suffers injuries, disability, or death due to accidents

 

Protection against critical illness:
  • Life Care Benefit - cash benefit deducted from the base plan and paid in advance in case the insured has been diagnosed with a critical illness or has undergone surgery due to critical illness

  • Life Care Waiver - exemption from paying the succeeding premiums for those insured who have been diagnosed with a critical illness or has undergone surgery due to critical illness

 

Protection against hospital expenses:
  • Hospital Income - a cash benefit for each day of hospital confinement due to injury or illness. This may be upgraded by adding other riders such as: Intensive Care Unit Benefit, Long-Term Hospitalization Benefit, and Surgical Expense Reimbursement.

Other information

Optional benefits disclaimer
Important Considerations
  1. Pre-existing Conditions - medical conditions, injuries or illnesses that you already have before purchasing a Hospital Income (HI) benefit will not be covered.

  2. Plan Exclusions - this plan and other optional benefits attachable to it has other conditions and exclusions that may affect the payment of the insurance proceeds.

  3. Free-look Period - you have 15 days from the date you receive your Policy Data Page to decide if the HI benefit is for you. If you advise us that you wish to discontinue your coverage within this period, we will refund the HI benefit premium you paid in full.

Definition of terms
  • Premium - a specified amount of money that you pay in exchange for the coverage provided by your insurance plan.

  • Sum assured - the guaranteed amount stated on the policy contract that the policyowner or beneficiary will receive upon  the occurrence of an event, e.g. death.

  • Rider - optional benefits that you can attach to your life insurance plan to expand your coverage.