TAGUIG CITY, Philippines, 12 August 2026 — With cancer as one of the leading causes of death in the Philippines1 and a diagnosis often placing serious financial pressure on families, Pru Life UK today introduced PRUCare Cancer Protect, a 10-year renewable term insurance plan designed to make cancer protection more accessible and help Filipinos prepare for its financial impact.
PRUCare Cancer Protect offers comprehensive financial support by covering both early-stage and late-stage cancer, with up to 100 per cent of the sum assured for eligible late-stage cancer claims and 50 per cent for an eligible early-stage cancer claim. If an early-stage cancer benefit has been claimed, this amount shall be deducted from the late-stage cancer benefit claim. It also provides an additional 20 per cent benefit for catastrophic late-stage cancer, helping ease the financial burden associated with more complex treatment needs.
Beyond protection, the plan also rewards customers for staying healthy. Policyholders who complete a 10-year term without a successful claim can receive up to 50 per cent of their total premiums paid back, reinforcing the value of long-term financial planning.
PRUCare Cancer Protect responds to a pressing reality: studies show that more than 40 per cent of Filipino families affected by cancer experience financial hardship during treatment, with many forced to discontinue care. Today, cancer remains among the country’s top three causes of death2, with around 150,000 to 190,000 new cancer cases recorded annually, where many patients are diagnosed at later stages when treatment is more complex and costly.
Designed with simplicity in mind, the product features streamlined, cancer-focused underwriting and hassle-free renewals every 10 years without being reassessed for health or eligibility. It is particularly suited for young professionals, breadwinners, and families seeking an affordable way to put dedicated cancer protection in place without committing to a more complex long-term insurance solution.
“At Pru Life UK, we believe financial security is about more than growing wealth – it is also about protecting what we value when life’s unexpected challenges arise,” said Garen Dee, Chief Product Officer of Pru Life UK. “As cancer remains one of the biggest health and financial risks faced by Filipino families today, PRUCare Cancer Protect is designed to provide meaningful protection in a simple, flexible, and affordable way, giving customers greater confidence and resilience to face the future.”
Themed “Count on Care, Count on PRUtection”, the launch event spotlighted real-life patient experiences and insights into financial protection, through a panel discussion. A cancer survivor shared her personal and financial journey, underscoring the importance of taking action before it is too late. Dee also discussed how PRUCare Cancer Protect helps Filipinos pln ahead for the potential costs and life impact of cancer.
Attendees were given a complimentary Non-Communicable Disease (NCD) risk assessment with partner The Medical City, designed to identify potential risks for chronic conditions including cancer through interview-based screening.
Through its partnership with The Medical City, Pru Life UK custmers can also access cancer-relevant value-added benefits designed to make their care pathways more guided and manageable, including discounts on selected outpatient preventive screens to support early detection, discounts on selected inpatient services for those diagnosed with select critical illnesses, including cancer, complimentary access to an NCD risk Assessment that helps identify risks for cancer and other leading chronic conditions, and medical concierge support for priority scheduling of tests, doctor’s appointments, and hospital navigation—allowing patients to focus more on getting better.
“As healthcare costs continue to rise, preparation has never been more important,” Dee added. “We want to help more Filipinos take proactive steps toward protecting themselves and their loved ones. Having the right financial protection allows families to focus on treatment and recovery instead of worrying about the financial consequences of a serious illness.”
Through PRUCare Cancer Protect, Pru Life UK continues its ongoing commitment to helping Filipinos achieve holistic financial wellbeing by making protection more relevant, accessible, and responsive to today’s realities.
For more information about PRUCare Cancer Protect and Pru Life UK’s suite of protection solutions, visit your nearest Pru Life UK branch or speak with a licensed Pru Life UK financial adviser.
1 WHO Global Cancer Observatory (official). Philippines Cancer Fact Sheet https://gco.iarc.who.int/media/globocan/factsheets/populations/608-philippines-fact-sheet.pdf
2 2024 Causes of Death in the Philippines (Provisional as of 31 May 2025)
https://psa.gov.ph/content/2024-causes-death-philippines-provisional-31-may-2025
About Pru Life UK
Pru Life UK is the leading life insurer in the Philippines demonstrating its commitment to protect Filipinos’ financial future and well-being for every life, for every future.
Established in 1996, Pru Life UK operates in over 200 branches and general agency offices in the Philippines, and holds the largest life insurance agency force of over 33,000 licensed agents.
