Credit Life

A type of life insurance plan designed to pay off a borrower's outstanding debts if the borrower dies, becomes permanently disabled or is retrenched by their employer

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Credit Life

What is Individual Banca Credit Life?

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Key benefits Features Requirements

Pru Edusave Benefits

Death Benefit

In the unfortunate event of death, Prudential pays 50% on occurrence and 100% lumpsum at maturity of the sum assured

Permanent Total Disability

In the unfortunate event of permanent total disability, Prudential pays 50% on occurrence and 100% lumpsum at maturity

Waiver of Premium

In the event of death/permanent total disability Prudential takes on the future contributions until the agreed duration expires

Maturity benefit including
earned bonus

When the agreed duration expires, Prudential pays out a lump sum, including earned bonus of the sum assured

Key features of Life Policy – Pru Edusave

Entry age; minimum 18 years and maximum 60 years

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Policy duration; minimum 5 years and maximum 20 years

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Minimum premium Ugx 100,000

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You can learn more from our frequently asked questions

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