Contact Us: To speak to a member of

the Prudential Life Assurance Zambia

team, call: About Prudential Pru Smart Saver Investment Plan

Prudential House, Plot 32256, Thabo Mbeki Road, Lusaka, Zambia

P.O Box 31357, Lusaka | Tel: + 26 (0) 211 22 233, 222 234
Fax: + 26 (0) 211 220128 | Email: info@prudential.co.zm
www.prudential.co.zm

Central Park, Exchange Building, 1st Floor Cairo Road, P.O BOX 31357,
Lusaka | Tel: + 26 (0) 211 228 109

First Floor Saturnia House, Corner Independence & Freedom Avenue

| P.O BOX 20564, Kitwe Tel: + 26 (0) 211 228 109 | Tel: + 26 (0) 212 228 560,
22 612466

Ground Floor Finance House, President Avenue, P.O BOX 71177, Ndola
| Tel: + 26 (0) 0212 613 113, 612 466

Room 17, 18, First Floor, Machi Complex, Mukulumpe, Road Town
Centre, Kasama. | Tel: +26 (0) 214 221 075

Zampost Main Building, 1st Floor, Opposite Barclays, Kabwe

Tel: + 26 (0) 215 221 026 Prudential plc is an Asia led portfolio of businesses that has been providing
financial security for over 170 years. We exist to help our customers deal
with their biggest financial concerns and to plan for their future with
Plot 3334 Chipata Eastgate Mall. | P.O. Box 510874, Chipata confidence through long-term savings and protection solutions such as
health and life insurance, and retirement benefits.

Chilolo House, Site 2, Mulemenda Road P.O BOX 11109, Chingola Prudential has over 20 million customers worldwide and has operations in
Tel: + 26 (0) 212 311 715 Asia, The United States, The United Kingdom and Africa. The business is
listed on stock exchanges in London, Hong Kong, Singapore and New
York.
Plot No. ME7, Corner Old Macha & Livingstone Rd, P.O BOX 630 005,
Choma | Tel: + 26 (0) 213 220 092 In Zambia, Prudential is part of the fast growing life assurance industry
with more than 120,000 clients and has presence in all the provinces Your Future, Secured
across the country. We add value through our high-quality solutions,
Stand No. 902, Mosi - o - Tunya Road, P.O BOX 60140, Livingstone focus on economic growth, and care for the communities in which we
| Tel: + 26 (0) 213 322 603 operate.

Room 131 /132, NAPSA Building , Independence Avenue

P.O BOX 110349, Solwezi | Tel: +26 (0) 218 821290

WWW.COMPANY.COM
 FAQ
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8 Am I able to make any amendments to my policy
beneficiaries and when can I do this?
• Yes, you can make amendments to your policy i.e. change of
premium payment methods, frequency, and beneficiaries.
About the Product Frequently Asked Questions
9 Does the geographical location or residency affect

1
The Pru Smart Saver Investment Plan is designed for individuals who seek Who can be eligible for cover? my policy?
to save and earn investment returns from periodical savings over longer The minimum age at entry for you is 18 years age your next birthday • People on work permits are classed as permanent residents of
periods of time. and the maximum at is 60 years age your next birthday. Zambia
• All the lives insured should be classed as permanent residents

2
The policy also provides embedded risk protection which pays out an Do I need medicals in order to qualify for cover? in Zambia at the time of application, but the insured lives are
outright benefit on the passing of the policyholder. • No medicals are required unless you sign up for a cover for not prohibited from travelling outside Zambia.
K350,000 and above.

Policy Benefits
3 Can I pay my premiums in any currency?
• All premiums and benefits will be paid in the legal currency of the
Republic of Zambia (ZMW).

1 Investment Fund: The policyholder makes periodical contributions

that form an investment fund. On maturity, the accumulated fund is
paid out as a lumpsum to the policyholder with investment returns 4 What does a policy term look like?
• The minimum policy term is 5 years.
earned during the period. Top-ups on lumpsum contributions can be • The maximum policy term is 30 years.
made in addition to the regular investment contributions.

“
2 Maturity Bonus: A loyalty bonus is added to the Investment Maturi-
ty for policy periods greater or equal to seven (7) years. The bonus is
5 How are premiums paid?
• You can choose to make payments monthly, quarterly or half yearly.
• It is your responsibility to ensure that we receive the premium on
equal to 1% of the Investment Maturity for each year of the policy. This the scheduled date.
means, for example, a seven-year policy will be awarded an outright • Premiums are payable in advance or before the first day of the
7% for the seven years and so on for longer periods. selected payment frequency unless you lose your life suddenly,
cancel the policy or there is a waiver of premiums benefit in force.

3 Access to savings: After a qualification period of 4 years, the Helping you de-risk your
policyholder is entitled to cash withdrawals from the investment
fund of up to 50% of the fund once every 3 years. Once an encash-
ment is made, the maturity bonus falls off.
6 What is the minimum amount allowed as a premium
contribution?
• Prudential requires a minimum amount of K230 as a regular life and deal with your
investment contribution. Minimal risk premium is made in

4 Death Benefit: The policy provides life cover (minimum K10,000

Sum Assured) payable on the death of the policyholder. This attracts
addition to this, depending on the selected Sum Assured. biggest financial concerns
minimal risk premiums payable alongside investment contributions.
7 What happens if I miss a payment?
• If the first premium required for the commencement of the

5 Accidental Death Benefit: In the event of death arising from an

accident, a further 100% of the death benefit will be paid out.
policy is not received within six (6) months, your entire
application will become invalid and you will be required to
make a fresh application for which cover shall only begin on

6 Waiver of risk premium on Permanent Disablement of the

Policyholder: If the policyholder becomes totally and permanently
disabled prior to the end of the policy, all future risk premiums are
the day we receive first premium.
• When risk premiums and minimum investment contributions
are not paid for a period exceeding 3 months, the policy lapses
waived and covered by Prudential until maturity. (ends). The responsibility of paying premiums on
scheduled due dates, lies with you.

7 Waiver of risk premium on policyholder being diagnosed with

a critical illness: If the policyholder becomes critically ill prior to the
end of the policy, all future risk premiums are waived and covered by
• The lapsed policy can only be re-instated on the condition that
it has not lapsed for more than one calendar year and that all
the outstanding premiums will have been paid.
Prudential until maturity.contributions can be made in addition to the • During the lapse period, all risk benefits such as death, critical
regular investment contributions. illness, and disability waiver cease to apply.