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Over 50,000 Prudentiallife Planholders won't get money (Video), Check release schedule &Requirements

Written By Austin Sean on Tuesday, 30 July 2013 | 7/30/2013

Around 50,000 plan holders of Prudential Life Plan holders will no longer get premium but 248 000 Prudentiallife Plan Holders will start getting their check next month, according to ANC report.

The Insurance Commission will proceed with the liquidation of the Prudentiallife Plans. The trust funds components which would be distributed to planholders are:

Educational: P315 Million
Pension: P2.66 Billion
Life: P2.30 Billion
Total: P5.27 Billion

The Commission said that each planholders will get less than the amount of their premium and 52,000 other plan holders will get nothing.

Here's the percentage each planholders will take:

Educational: 4.69%
Pension: 33.5%
Life: 60.9%

Schedule of check release:

1st Batch: August 15,2013
2nd Batch: August 24,2013
3rd Batch: September 3, 2013
4th Batch: September 12,2013


* Only government issued ID is required, but for those who want somebody to take their check, you are required to give a special power of attorney with the authorization letter notarize.

For more information and details you can contact Prudential life hotline: (02)584-7376.

Watch Video Here from ANC....

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