Pru Life UK offers FREE select infectious diseases coverage to 175,000 newborns with PRUBabies.

Pru Life UK, a leading life insurance company, is celebrating its parent company Prudential plc’s 175th anniversary by giving Free PRUMedCare - Select Infectious Diseases coverage to 175,000 newborns with PRUBabies. This is a testament of PRU Love to many more Filipino families, helping parents to protect their newborns against the cost of getting infectious diseases.

With PRUBabies, parents will receive cash assistance for diagnosis and death due to any of the four common types of infectious diseases, including Dengue, Typhoid, Measles, and Malaria. The Department of Health has warned the public to watch out for these diseases, particularly during the summertime.

The DOH further reported that the number of dengue cases during the first quarter of 2023 rose to an alarming number of 31,459, which is 73 percent greater than 2022. Likewise, typhoid cases in the country during the first quarter of 2023 increased by 89 percent.

Eligible customers can sign up for the PRUBabies free coverage plan by scanning the QR code voucher provided by their Pru Life UK agent. The code will direct the customer to the campaign website to complete the application form.

“We celebrate life with Prudential plc in its 175 years of helping generations of families get the most out of life. And what better way to celebrate life than providing free 6-month health protection called PRUBabies for 175,000 newborns with cash assistance against the cost of getting infectious diseases (typhoid, dengue, measles or malaria) in the Philippines. This initiative continues to fuel our passion to further drive-up financial inclusion for our Filipino babies who deserve to be protected right from birth,” says Eng Teng Wong, Pru Life UK President and CEO.

Pru Life UK’s PRUBabies program aims to make life insurance more accessible to many more Filipino families, especially the unserved and underserved communities.

The program will run until September 30, or until all 175,000 free voucher codes have been given away. Meanwhile, the free product offer may be redeemed anytime from the beginning of the registration until the end of the year. Terms and Conditions apply.

Visit prulifeuk.com.ph/en/PRUBabies for more details. For more information about Pru Life UK's offerings and products, visit www.prulifeuk.com.ph.

*https://doh.gov.ph/Health-Advisory/Summer-Time-Diseases/Conditions-to-watch-out-during-summer-time  
**https://doh.gov.ph/sites/default/files/statistics/2023%20EDCS%20Weekly%20Surveillance%20Report%20No.%2013.pdf

Pru Life UK launches critical illness protection plan for Filipino families.

Leading life insurer Pru Life UK launches PRUHealth FamLove, a protection plan that shares the critical illness coverage to up to four family members in one policy, a first-of-its-kind product in the market. This is available for all Filipino families, including same-sex or common-law partners, parents, and adoptive children.

PRUHealth FamLove is the first in the market
to cover up to four family members in one policy.

PRUHealth FamLove is a yearly renewable protection plan that provides long-term coverage until age 85 (applicable when the premium is continuously paid), against high treatment and hospitalization costs due to critical illness.

According to a 2019 study by Mercer Marsh Benefits*, critical illness cost in the Philippines is the second most expensive in South East Asia. Lung cancer treatment costs can lead up to Php 2.78 million, stroke is for Php 1.8 million, while a heart attack is for Php 980,000**.

Having critical illness protection is important as costs including long-term medication and care, and even loss of income can be covered by the plan’s critical illness benefits through the System and Organ Function Insurance (SOFI) concept. This feature makes the product unique in the market as it provides coverage should any major organs require surgery, without the need to remember the long list of critical illnesses.

PRUHealth FamLove is flexible and easy to avail as it comes in different packages, with the option to choose how many family members will be covered from one (self) to three – mySelf, myPartner, myChild, myFamily, myParent – depending on what suits the family’s protection needs.

“Pru Life UK celebrates and nurtures every Filipino family of different types and sizes with PRUHealth FamLove. This protection plan focuses on their ever-changing needs by offering critical illness protection to the whole family,” shared Pru Life UK President and Chief Executive Officer Eng Teng Wong.

“This innovation is a solid testament to our continuing commitment to promote financial inclusion by providing protection coverage to millions of underserved and unserved Filipinos to get the most out of life,” Wong added.

For more detailed information about PRUHealth FamLove, customers may visit the Pru Life UK website or book an appointment with a Pru Life UK insurance agent.

This is the latest product offering from Pru Life UK, ranked number one by the Insurance Commission in terms of New Business Annual Premium Equivalent in 2021.

 
References:

*8 Dec 2020. Philippines' Healthcare Cost Inflation Projected to Hit 10.1% in 2020: Mercer Marsh Benefits Study. https://www.asean.mercer.com/newsroom/philippines-healthcare-cost-inflation-mmb-study.html

** Cost of Critical Illness in the Philippines. https://digitalpinas.com/cost-critical-illness-philippines/

Operating in the Expensive Horse Industry Gets Easier with Insurance.

Participating in the wonderful world of horses can be expensive. Horse racing is a multi-billion dollar business around the world. Between the massive stud fees that go to the owners of horses with desirable genes to the purses that go to horses that win big races, there is a lot at stake for those who work with these animals.

This can make it difficult for many to get involved. In addition to needing capital to get started, some worry about the liability of working with horses. Because they are so valuable, and because horses can suffer injuries or sickness, some fear they'll be sued if they make a mistake. The good news is that solid insurance is there to make it easier for people to get involved.

Photo credit: Beth Thomas.

Horse trainer insurance is especially important. Trainers play a critical role in ensuring the business can go forward. A trainer's primary job is to make sure a horse is fit and ready to go by the time a race rolls around. This can require the trainer to try and get in touch with the needs of the horse. If the trainer pushes too little, the horse will not be ready to run the race. This risk injury and ensures that the horse won't win the race. If the trainer pushes too hard, the horse can get sick or come up lame. It is a delicate balance that must be maintained if one wants to have success. Insurance is there in case something goes wrong.

There are many different kinds of insurance policies depending on the needs of the individual trainer. Some trainers need insurance policies for big dollar amounts to protect themselves from major liability. Others are just trying to break into the business and can go with a smaller insurance policy to cover small mishaps. The wide range of possible insurance options makes it easier than ever for people to get their start in the business.

Horse insurance is a must for people who want to work with the best horses in the world. Many owners will not allow a trainer to touch their horse unless that trainer is backed by insurance. It is a means of showing that a person is serious about getting involved in the horse industry. Those who want to have success should shop around for the policy that makes the most sense.