<p>Following the launch of its Coronavirus (COVID-19) initiative, Prudential Zenith Life Insurance has announced some additional benefits designed to address the negative impact of the Coronavirus (COVID-19) pandemic, which has claimed thousands of lives globally.</p>



<p>According
to a statement released by the company, the benefits which apply for a period
of 45 days – from April 3<sup>rd</sup> to May 18<sup>th</sup> 2020 – will
ensure that customers who have purchased or who intend to purchase any of the
following Prudential Zenith Life products: My Family Protection Plan, My Family
Protection Plan Premier, My School Fees Protection plan, PZL Term Assurance,
PZL Hospital Plan <em>and </em>My Savings
Plan-Premier will enjoy a ‘Diagnosis Benefit’, which entitles the insured who
has been diagnosed with the COVID-19 virus by the State to a cash amount of N38,000
and a ‘Treatment Benefit’ of N9,000 daily for a maximum period of 25 days to
cater for losses or incidental expenses.</p>



<p>The
statement further noted that the company has reduced the normal waiting period
from 6 months to 14 days for these benefits to apply to any new customer, while
for existing customers, these additional benefits apply immediately.</p>



<p>Also,
for any customer who has bought a policy from the company and who is diagnosed
with COVID-19 or who is formally retrenched as a result of a business having to
close due to the COVID-19 pandemic, it will provide a three-month premium
holiday. This means that the policy will not lapse and the customer will still
enjoy the protection benefits of their policy even if they are unable to pay
their regular premiums during this period. This is in addition to any ‘Death Benefits’
that are payable when due, as the company does not exclude death caused by
COVID-19 under any of its policies.</p>



<p>To
avoid any ambiguity, the company stated that it is important to note there are
policy exclusions to this offering as listed below:</p>



<p>We
are not liable to pay claims if:</p>



<ol class="wp-block-list"><li>Treatment is for any reason other than the contraction of
the COVID-19 virus.</li><li>On or after the start of the policy, the Covered Person
travelled to any country or area included in the list of “countries/ areas with
active community transmission of COVID-19” as announced by the Nigerian
Ministry of Health or World Health Organisation at the time of his/her travel.</li><li>The covered person is in self-isolation or hospitalised but
has not been officially diagnosed and hospitalised by the State.</li></ol>



<p><em>The following shall apply to new
clients only:</em></p>



<ol class="wp-block-list"><li>The Covered Person(s) has already
officially been diagnosed with or already has signs or symptoms of COVID-19 at
the time of signing on to the Plan</li><li>The Covered Person(s) was under
mandatory self-isolation in the past 14 days from the time of registration due
to close contact with an infected person or having demonstrated COVID-19
symptoms.</li></ol>



<p>Other
Important Points to Note</p>



<ol class="wp-block-list"><li>The benefits will be provided for
all clients that qualify with active policies.</li><li>Benefit
are also available to ALL of our customers who’s employer has taken out a Critical Illness policy with
Prudential Zenith Life” to “Group Life
policy with Critical Illness rider</li><li>A claim can only be made once in
respect of each Insured Life.</li><li>Covered Lives refers to all lives
covered under the policyholder’s active existing insurance policy (ies) and
includes all named individuals covered under a Group Critical Illness policy
taken out by an employer of those individuals.</li><li>An Active Policy is a Prudential
Zenith Policy which has not lapsed, been cancelled or terminated and on which
premiums are received as stipulated in the contract of that policy.</li><li>All claim substantiating documents,
should be duly stamped and signed by the issuing authority. <strong></strong></li></ol>



<p><strong>Live life fully covered with Prudential Zenith.</strong></p>

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