June 6, 2008
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
IN THE MATTER OF PRUDENTIALIFE PLANS, INC., registrant.
PETITION FOR PRICE INCREASE OF SECURITIES COVERING 1,720 FIXED VALUE EDUCATION PLANS (POWERED PLANS) WORTH P276,000,000.00
O R D E R
Upon consideration of the petition and its papers and documents attached thereto filed on May 28, 2008 for and on behalf of PRUDENTIALIFE PLANS, INC., the Commission pursuant to SEC Memorandum Circular No. 1 Series of 2007 re: Guidelines on the Expeditious Approvals of Matters Concerning Pre-Need Plans, rendered effective the petition for price increase of securities covering 1,720 Fixed Value Education Plans (PowerED Plans) worth Two Hundred Seventy Six Million Pesos (P276,000,000.00) of said corporation subject to the prescribed terms and conditions of the permit. TcDHSI
Details on the pricing of Fixed Value Education Plan (PowerED Plans) by terms and mode of payment are: 1upsec08
Band 1-Initial Educational | Band 2-Initial Educational Benefits | |||||||
benefit is less than P60,000.00 | is equal to or more than P60,000.00 | |||||||
| Payment Term | Current | Proposed | Current | Proposed | ||||
| Min. 1 | Max. 2 | Min. 1 | Max. 2 | Min. 1 | Max. 2 | Min. 1 | Max. 2 | |
| One Year | 1,745 | 20,773 | 3,509 | 31,478 | 1,563 | 20,220 | 2,838 | 29,728 |
| Two Year | 1,828 | 21,416 | 3,526 | 31,636 | 1,610 | 20,846 | 2,852 | 29,878 |
| Three Year | 1,950 | 22,077 | 3,543 | 31,794 | 1,662 | 21,489 | 2,865 | 30,027 |
| Four Year | 2,044 | 22,760 | 3,564 | 31,956 | 1,712 | 22,156 | 2,880 | 30,180 |
| Five Year | 2,190 | 23,465 | 3,580 | 32,115 | 1,765 | 22,840 | 2,896 | 30,330 |
However, the issuance...
