Pru Life UK rolls out 2-year fund-linked plan

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February 19, 2026 | 12:00am

MANILA, Philippines — Pru Life UK has introduced a limited-pay investment-linked insurance product that allows policyholders to complete premium payments in two years while securing life coverage and potential fund growth.

The insurer said the new PRUMillion Protect plan is designed for business owners and professionals seeking substantial protection without long-term payment commitments.

“Customers want solutions that value their time, reflect their responsibilities and offer meaningful protection even as circumstances change. With PRUMillion Protect, they get strong coverage without long-term payment commitments,” Garen Dee, chief product officer at Pru Life UK, said.

Life insurance coverage under the plan is equivalent to five times the base annual premium, or 105 percent of the fund value, whichever is higher. It also comes with built-in benefits for accelerated total and permanent disability as well as accidental death and disablement.

The company positioned the product as offering superior protection coverage compared with single pay investment-linked plans, combining limited premium payments with insurance protection and investment features.

“Protection has emerged as a cornerstone of modern financial planning,” Dee added. “This is especially true for business owners, professionals, and family decision-makers, as well as legacy planners, who are navigating changing market conditions and growing personal responsibilities.”

PRUMillion Protect is offered under a simplified insurability offer, which allows eligible customers to apply without undergoing medical examinations. The plan also features high fund allocation, which the company said could help policy fund values grow faster and sustain coverage over the long term.

The product is open to individuals aged seven days to 70 years old and provides coverage up to age 85, subject to policy terms and conditions. A loyalty bonus is built in starting the 10th policy year and every five years thereafter for policyholders who remain invested.

Optional riders are also available, offering additional cash benefits if the insured passes away or becomes permanently disabled due to illness or accident.

“For many Filipinos today, having protection is seen as a mark of financial maturity,” Dee said. “It demonstrates foresight, responsibility, and care for one’s family, business, and future. With PRUMillion Protect, they can be assured of getting substantial protection.”

Pru Life UK, established in 1996, operates more than 200 branches and general agency offices nationwide and has close to 38,000 licensed agents. As of end-2025, it serves over 930,000 individual policyholders and more than 85,000 insured group members.