Three solutions designed to help Ugandans build wealth, secure their children’s education, and create a lasting financial legacy
Kampala: Prudential Uganda has launched Pru Wealth, Pru Edusave Plus and Pru Legacy, three products designed around the financial protection needs and long-term ambitions of Ugandans. The products address three priorities shared by many families: growing wealth over time, securing a child’s education and providing financial security for loved ones. Together, they underscore the value of financial protection as a foundation for long-term financial wellbeing.
Pru Edusave Plus helps a parent or guardian save towards a child’s education over a selected period of five to 15 years. Customers choose a regular contribution from UGX 150,000 per month and select either a lump-sum maturity payment or instalments aligned with future education needs.
If the policyholder dies or becomes totally and permanently disabled, Pru Edusave Plus provides an immediate benefit equal to 20% of the sum assured, capped at UGX 10 million. It then pays an annual income benefit equal to 20% of the sum assured, also capped at UGX 10 million, on each policy anniversary for the rest of the policy term. Prudential waives future premiums, keeps the policy in force and pays 100% of the sum assured plus accrued bonuses at maturity, subject to the policy terms.
Pru Wealth gives customers a structured way to save towards long-term goals while protecting the people who rely on them. If the policyholder has passed away, the plan provides the family with yearly income support equal to 10% of the sum assured for the applicable period. It also provides an additional payment equal to 100% of the sum assured at maturity, subject to the policy terms.
Pru Legacy supports customers who want to plan the financial legacy they leave for the people who matter to them. The product is available exclusively through Prudential Uganda’s bank partners, Absa Bank Uganda and Stanbic Bank Uganda.
Speaking at the launch, Prudential Uganda Chief Executive Officer Tetteh Ayitevie said the three products reflect Prudential’s understanding of the financial aspirations, responsibilities and challenges faced by Ugandan families at different stages of life. “Across Uganda, people work hard to achieve goals that matter most to them, whether that is giving their children a quality education, building long-term financial security, or creating a lasting legacy for their loved ones. Pru Edusave Plus, Pru Wealth and Pru Legacy give customers practical ways to plan for those goals and protect them when life takes an unexpected turn,” said Ayitevie.
He added: “At Prudential, we believe financial protection is the foundation of a strong financial plan. While saving and investing help people prepare for the future they envision, protection helps safeguard those plans when the unexpected happens. A strong financial plan must be able to address both challenges.”
Pru Edusave Plus includes an optional inflation protection feature, which lets customers increase their sum assured and premium at each policy anniversary. Simple bonuses are declared at Prudential Uganda’s discretion while the policy remains active. The launch also brings Prudentia’s purpose to life: to be a partner for every life and protector for every future. By helping customers build wealth, safeguard education goals and create a lasting legacy, Pru Wealth, Pru Edusave Plus and Pru Legacy are designed to support Ugandans through key life stages while helping families build greater confidence in the future.
