1. Decide on the sum assured. This is the amount you are guaranteed to receive at the end of the savings period, or that Prudential will pay your named beneficiary in the event of your death.
  2. Decide how long you would like the policy to last. You can choose between a minimum policy term of 10 years and a maximum of 25 years.
  3. Based on the sum assured, we calculate the premiums. This is a fixed amount you pay into the policy on a regular basis.
  4. Prudential pools your money with that of other policyholders and invests it in a range of carefully chosen assets. If the investments perform well, you will share in the profits via bonuses, which will be declared each year and reinvested on your behalf.
  5. At the end of the policy – the maturity date – you will receive the total sum assured, along with the accrued bonuses. In the event of your death, your named beneficiary will receive the sum assured and any bonuses accrued at the time of death.