PRUWith You

Investment linked insurance or ILPs (insurance linked insurance policies) provide life insurance and investment components to the insured. ILPs are designed to help you accumulate wealth and at the same time, provide protection in the case of death, or total and permanent disability. The sum assured can vary according to your policy.

There's no fixed period, and thus, it's pretty much up to you. However, because of the high initial costs, a long-term strategy will probably give you more returns.

Investment linked policies have several benefits including:

• High flexibility - The insurance coverage is adjustable to suit your needs or stage in life. You can also withdraw for quick cash if needed or pause paying premiums if you have financial issues.
• Leverage your money for both wealth accumulation and wealth protection at the same time.
• ILP's insurance component cost is very low for young individuals
• You have control over the decision company in an ILP and potentially higher returns depending on your decisions.

You will need to provide us with the proof of hospital admission and/or treatment within 90 days after you discharge from the hospital or from the day you received any treatment.

The number of times you can claim insurance under a certain policy depends on the policy itself. For example, while most car insurance will allow you to claim as many times as you want, there is a limit on the amount for health insurance. Once you've hit the health insurance limit according to your policy, you will not be able to make further claims.