• Death Benefit – We provide a lump sum death benefit equal to the Sum Assured plus any accumulated dividends less any outstanding policy loan if the death of the Life Insured occurs before the Policy Maturity Date.

• Maturity Benefit – We provide a lump sum maturity benefit equal to the Sum Assured plus any accumulated dividends less any outstanding policy loan if the Life Insured survives until Policy Maturity Date (age 100).

• Participating – PRULove for Life is a participating policy. The Company will determine yearly the part of the divisible surplus of the Company that may be distributed to this Policy as dividend, if any. Dividends may be payable on this Policy every policy anniversary date but are not guaranteed.

1. Optional Riders - Optional benefits can also be attached to PRULove for Life for a more comprehensive protection.

   • Total and Permanent Disability Plus (TPD+) Rider - Payable if the Life Insured becomes totally and permanently disabled due to bodily injury or disease for a continuous period of 6 months and it occurs before the policy anniversary immediately following the 65th birthday of the Life Insured and before the expiry date of this benefit.

   • Accidental Death and Disablement (ADD) Rider - Payable on top of the basic sum assured if the Life Insured dies due to accident within 180 days of the accident before the policy anniversary immediately following his 73rd birthday. In addition, this rider pays a specified percentage of the ADD benefit amount if the Life Insured sustains bodily injury in case of accident.

   • Life Care Plus (LC+) Rider – Payable on top of the basic sum assured if the Life Insured is diagnosed to be suffering from a critical illness or has undergone surgery before the policy anniversary immediately following his 65th birthday. This rider is yearly renewable with non-guaranteed premiums payable up to age 65.

   • Personal Accident (PA) Rider - Designed to indemnify the insured for injury or death due to accident before the policy anniversary immediately following his 73rd birthday. This rider consists of core and optional benefits.

   • Hospital Income (HI) Rider - A comprehensive hospitalization benefit that provides daily and lump sum cash benefits to Life Insured to cover the cost of hospitalization due to injury or illness until age 65. This rider is yearly renewable with non-guaranteed premiums payable up to age 65.

   • Waiver of Premium on Total and Permanent Disability (WPTPD) – Waives all future premiums for the basic plan, Accidental Death and Disablement (ADD) Rider, and Personal Accident (PA) Rider up to the end of the premium paying term, if the Life Insured becomes totally and permanently disabled due to bodily injury or disease before the policy anniversary immediately following his sixtieth (60th) birthday.

   • Life Care Waiver (LCW) - Waives all future premiums for the basic plan, Total and Permanent Disability Plus Rider, Accidental Death and Disablement (ADD) Rider, and Personal Accident (PA) Rider up to the end of the premium paying term, if Life Insured is diagnosed to be suffering from a critical illness or has undergone surgery before the policy anniversary immediately following his sixty fifth (65th) birthday.

   • Payor Waiver of Premium - Waives all future premiums for the basic plan, Total and Permanent Disability Plus Rider, Accidental Death and Disablement (ADD) Rider, and Personal Accident (PA) Rider up to the end of the premium paying term, upon the death or total and permanent disability of the payor before the policy anniversary immediately following the twenty-fifth (25th) birthday of Life Insured or the policy anniversary immediately following the sixty-fifth (65th) birthday of the payor.

2. Non-forfeiture Options – Option that the Policyowner selected during product application which s/he can apply when premium due is not paid within the grace period and the Policy has accumulated cash value to keep the policy in force. The following are the Non-Forfeiture options available for this plan: Extended Term Insurance, Net Surrender Value, Reduced Paid-up Insurance, or Automatic Premium Loan.

   The full policy provisions of the features and benefits specified in this page shall apply. Should there be any inconsistency between the features and benefits stated herein and the Policy Contract, the latter shall prevail. 

If the Hospital Income Rider is attached to a PRULove for Life Policy, the following items must be taken into account:

• Exclusions: No Rider Benefit Amount will be paid, if the claim arises or results from or is contributed by either directly or indirectly, the following circumstances:

  
  a. any period of Hospital Confinement wherein the entire confinement has not been previously recommended by a
      Physician.
  
  b. Pre-Existing Conditions, as defined below, unless the Life Insured has been continuously covered for twelve (12) months
       from Effectivity Date of this Benefit or the date of last reinstatement of this Policy, if any.
  
  

  c. injury or illness incurred while in any attempted commission of, or willful participation by the Life Insured in any crime
      punishable under any prevailing law or ordinance of the Philippines or of any country in which the crime was attempted;
      or;
  
  d. any weapon or instrument employing atomic fission, thermonuclear fusion or any form of radiation, whether in time of
      peace or war; or
  
  e. while the Life Insured is in active service in the armed forces of any country or any international authority. In such an
      event, upon written notification by the Life Insured, the Company shall return the pro-rata premium for any such period
      of service; or
  
  f. travel or flight in any vehicle or device for aerial navigation except while riding solely as a fare-paying passenger and not
     as an operator or crew member, in or on, boarding or alighting from a certified passenger aircraft operated by a regularly
     established commercial airline on any regularly scheduled, non-scheduled, special or chartered trip; or
  
  g. injury sustained while under the influence of alcohol or unprescribed drugs; or
  
  h. hernia, ptomaine, or other bacterial infections which are not pyogenic infections occurring at the same time with or
      because of any accidental cut or wound; or
  
  i. infection with Human Immunodeficiency Virus (HIV), Acquired Immune Deficiency Syndrome (AIDS), AIDS Related
     Complex (ARC), or any opportunistic infections and/or malignant neoplasm (tumor) found in the presence of HIV, AIDS
     or ARC. Acquired Immune Deficiency Syndrome shall have the meaning assigned to it by the World Health Organization,
     at the time of hospitalization. Opportunistic infections include, but are not limited to Pneumocystic carinii pneumonia,
     organism or chronic enteritis virus and disseminated fungi; or

  
  j. Malignant neoplasm shall include but not be limited to Kaposi’s Sarcoma, central nervous system lymphoma, and/or
     other malignancies now known or which became known as causes of death in the presence of AIDS; or
  
  k. psychosis, mental or nervous disorders, sleep disturbance disorders; or
  
  l. poison, gas or fumes voluntarily or involuntary taken; or
  
  m. engaging or taking part in driving or riding in any kind of race, professional sports or hazardous sports, underwater
       activities involving the use of breathing apparatus, flying or aerial activities other than as a fare-paying passenger
  
       For purposes of this Benefit, a Pre-Existing Condition shall refer to an injury, illness or conditions which existed or
       was existing within the two-year period prior to the Effectivity Date of this Benefit or the date of last reinstatement of
       this Policy, whichever is later, and for which the Life Insured has been investigated, diagnosed or treated or in which
       signs or symptoms have manifested and would have caused an ordinary prudent person to seek diagnosis, care or
       treatment.

• Cooling-off Period - If, after availing of the Hospital Income Rider, you decide that it is not suitable to your needs, you may cancel such rider by completing and submitting the appropriate form and returning the Policy Data Page to us within fifteen (15) days from the date you receive it. We will issue a new Policy Data Page without the rider and refund the premium you paid pertaining to said rider in full.