MANILA, Philippines - The Philippine Prudential Life Insurance Co. Inc. (Philippine Prudential) has launched recently Optimum Health Plan, an individual health insurance product.
The latest insurance product is a key addition to its diversifying protection products and services.
Philippine Prudential president and chief executive officer Gregorio D. Mercado said that there is an increasing number of Filipinos who are becoming more vigilant about their health.
“Filipinos are becoming choosy in their health plans,†Mercado added.
He also said that Philippine Prudential endeavors to help Filipinos prepare for a healthy life is made even more possible, with the new product’s comprehensive hospitalization benefits – which can be maximized until the age of 100.
Optimum Health’s Lifetime Amount of Cover (LAC) comes in P500,000, P750,000 and P1-million face amounts.
It guarantees a death benefit, which entitles the beneficiary/beneficiaries 100 percent of the sum assured. Or the remaining LAC or whichever is lower, it is apart from the product’s living benefits.
Maturity benefits are also due the insured, and can be claimed at the ages of 80 and 100.
Optimum Health Plan may be availed by Filipinos aged 18 to 55, and is offered in single pay, five-year and 10-year pay periods.