PRULife Whole Life Cover

PRULife is a whole of life policy from Prudential Life Assurance Kenya. It pays your family a lump sum when you die, whenever that happens, so they get a ready inheritance without selling land or property.

You can cover yourself only, or you and your spouse on one policy (your spouse gets a discount). On a joint policy the money is paid on the first claim. Prudential may add a yearly bonus, which is paid with the benefit.

There are two plans:
• Plan A, Whole of Life: pays 100% of the cover amount plus bonuses on death.
• Plan B, Whole of Life with early critical illness payout: pays 50% on the first diagnosis of a critical illness and stops your premiums; the other 50% is paid on death.

1. Choose individual cover, or joint cover with your spouse.
2. Choose how much cover you want (from KES 1 million), or how much you can pay each month (from about KES 1,600).
3. Choose how long to pay: 10, 15 or 20 years, up to age 60 or 65, or for life. Once you finish paying, the cover continues for the rest of your life.
4. Pay monthly, quarterly, every six months or yearly. Paying less often costs slightly less overall.

Use the quote form on this page and Prudential's advisor will send you an exact quote.

Premiums depend on your age, gender, smoking status, the cover amount and how long you choose to pay. The lowest is about KES 1,600 a month (an 18-year-old with KES 1 million cover).

A policy fee of KES 50 a month is added.

Optional extras:
• Critical illness benefit (Plan A only): an extra KES 1 million to 15 million, up to half the main cover, paid on a critical illness diagnosed before 65.
• Accident benefit (Plans A and B): an extra KES 1 million to 20 million, up to the main cover, paid on accidental death or permanent disability before 65.

There is a 6-month waiting period at the start (and after reinstating a lapsed policy) for death or critical illness from natural causes. Accidents are covered from the start.

The policy has no maturity or cash-in value: if you stop paying before the end of your payment term, the cover ends. Cover above KES 5 million needs a medical check.

Ages 18 to 60 at joining. To pay up to age 60, you must join by 55. Cover is from KES 1 million up to KES 150 million; larger amounts need Prudential's approval.

It suits anyone with dependants, parents planning a cash inheritance, and people who want to protect wealth they have built.

What happens on a joint policy?
It covers you and your spouse. The benefit is paid on the first death or critical illness claim, and then the policy ends.

When do premiums stop?
At the end of the payment term you choose: 10, 15 or 20 years, age 60 or 65, or never if you choose to pay for life (which keeps each premium lowest). The cover continues for life either way.

Is there a waiting period?
Yes, 6 months for death or critical illness from natural causes. Accidents are covered from the start.

Do I need a medical check?
Only for cover above KES 5 million.