Prudential plan eases protection gap for caregivers

Children receive lifetime cover whilst parents gain protection for specified age-related conditions.

Prudential Singapore launched a whole-of-life protection plan which enables caregivers to provide protection for both their child and ageing parents under a single policy.

The insurer said the plan comes at a time of a super-aged society, as the proportion of citizens in Singapore aged 65 and up was over a fifth of the population in 2026.

“By 2035, more than one in four citizens is expected to be aged 65 and above. As such, there will be an increasing number of people taking on caregiving responsibilities,” the press release said.

The plan, “PRUActive Family Care” (PAFC) provides lifetime protection for the caregiver’s child, as the life assured, covering death, terminal illness, and total and permanent disability (TPD).

The plan also offers critical illness add-ons, which cover 182 conditions, including juvenile conditions and mental illness.

Additionally, the plan also provides protection for the caregiver’s parents up to the age 100, without the need for medical underwriting.

The plan covers diagnosis for parents with specified age- related conditions, including Alzheimer’s disease, Dementia, Parkinson’s disease, and Progressive Supranuclear Palsy.

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