PruProtect launches new cut-down plan

clock

PruProtect has released a more affordable version of its life and critical illness policy.

Features including automatic children's cover, guaranteed insurability options and immediate cover have been removed, but customers can upgrade to the existing policy.

It does however include severity-based cover and the Vitality incentive programme.

The Essentials plan is available online only through IFAs and is intended as a support to their existing PruProtect plan.

Deepak Jobanputra, actuarial and product director for PruProtect, said: "We have launched this latest product to provide greater choice and flexibility.

"Our philosophy is based upon innovation, choice and comprehensiveness of cover and we have remained true to our core values."

The provider is unveiling the new policy with a series of roadshows around the country until Friday 13 November, and promises more new products in the coming months.

More on Employee Benefits

Employers risk losing talent over lack of early parenthood support

Employers risk losing talent over lack of early parenthood support

According to Peppy research

Hemma Visavadia
clock 20 May 2022 • 1 min read
Unum UK proposes Statutory Sick Pay overhaul

Unum UK proposes Statutory Sick Pay overhaul

Changes aim to boost SSP contributions from 28% of earnings to 63%

Hemma Visavadia
clock 19 May 2022 • 2 min read
Employees worried about taking sick days amid workplace mistrust

Employees worried about taking sick days amid workplace mistrust

According to MetLife UK research

Hemma Visavadia
clock 13 May 2022 • 2 min read

Highlights

First episode of The COVER Review goes live!

First episode of The COVER Review goes live!

New monthly programme

John Brazier
clock 21 April 2022 • 1 min read
The Rising Stars of Protection: Adrian Benjamin

The Rising Stars of Protection: Adrian Benjamin

"Getting into the insurance industry is very difficult, I had to fight my way to get in"

Hemma Visavadia
clock 20 April 2022 • 6 min read
Where protection meets sustainability

Where protection meets sustainability

"Being a sustainable business means more than just meeting climate targets"

Hannah Godfrey
clock 19 April 2022 • 7 min read