Savings and Investment

PRU Smart Child Education Plan

You don't have to be a fortune teller to know child's future is secure.

The Smart Child Education Plan is a life policy designed for individuals who plan to make provisions for their children’s future school fees. The policy gives a handsome benefit­ at the expiry of the policy even in case of the policy holder passing on or being diagnosed with a listed critical illness or being disabled during the period of the policy.

Policy Benefi­ts

The main benefi­t under this policy is a substantial lump sum with loyalty bonuses awarded for policy terms higher than seven years.

  1. Education Bonus: When starting the policy, the customer makes a choice of their desired benefi­t amount, which will be paid out at the end of the policy period. This is paid as a lump sum to the policy holder on behalf of the nominated children’s education needs.
  2. Maturity Bonus: A loyalty bonus is added to the benefi­t amount on expiry of the policy period. A Policy period greater or equal to seven (7) years shall be awarded a bonus equal to 1% of the benefi­t amount for each year of the policy. This means a seven-year policy will be awarded an outright 7% for the seven years and so on for longer periods.
  3. Waiver of Premium upon the passing of the Policy holder: If the policy-holder passes on during the 1 policy period, all future premiums are waived and covered by Prudential.
  4. Waiver of premium on Permanent Disablement of the Policyholder: If the policy-holder becomes totally and permanently disabled prior to the end of the policy, all future premiums are waived and covered by Prudential.
  5. Waiver of premium on policy-holder being diagnosed with a critical illness: If the policy holder becomes critically ill prior to the end of the policy, all future premiums are waived and covered by Prudential.

Prudential Zambia Provides Free Covid-19 Protection to Clients, Partners and Staff

Effective 1st April 2020, Prudential will be providing free insurance cover in the event of Death, Diagnosis or Hospitalization due to COVID-19 to customers, employees, consultants, and partners with a COVID-19 Protection Rider plan.. Learn more

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