PruProtect Life & Critical Illness Insurance Provider

PruProtect is a joint venture between Prudential UK and Discovery, South Africa’s largest private health care provider. The discovery of new diseases and the progress made in the treatment of some old ones over the past decade or so has changed the rules of the game. You may at times ask yourself, “How long am I going to survive? Will I get some debilitating disease? Will my family have enough in case I get disabled or worse?” The only answer to these questions is to plan for the future and get oneself insured.

Since its coming into existence, PruProtect has tried to attract its customers by moving away from the traditional policies which in the opinion of many were not tailored for the present times. However out of all the available plans, PruProtect’s life cover and serious illness insurance cover are the two products that have gained some market value in the past few years.

PruProtect life insurance, like most other life covers, offers lump sum cash payment in the event of your death or if you’re diagnosed with a terminal illness and as per the opinion of medical authorities you can’t make it beyond 12 months. The process of protection starts right from the time you submit your application and the good thing is that there’s no extra cost for the coverage that you get during the time your application is being assessed.

Some people like to cover a loan financing a home with life cover. PruProtect offers to provide free life cover even before the plan starts. For couples who want coverage of their inheritance tax, the company offers Joint Life Second Death policy, which pays out the lump sum only after both the partners have died. Moreover the company is amongst the first few insurance providers who are offering life cover for people with HIV. The minimum sum assured in life cover is £10,000 subject to minimum premium and the maximum can be as high as £5,000,000 and the maximum expiry age is 80 years for term insurance.

PruProtect Serious Illness cover offers to pay out a tax-free lump sum if you are diagnosed with a serious illness or if you acquire permanent disability that is specified in the plan. PruProtect boasts that its Primary Plan covers 100 serious illnesses and its Comprehensive plan covers around 160 critical illnesses. There is no doubt in the fact that advancements in medical sciences have made it possible for people to survive after acquiring some serious medical conditions more than ever before. However still, there are these four or five diseases which come up every now and then to make the life of a common man more miserable or even claim it at times. So it’s always advised to check the coverage cost of those 100 plus diseases which you won’t even get in four lifetimes.