ON
AVAILMENT OF EDUCATION PLAN BENEFITS
1.
Where should I inquire about my Education
Plan?
For availment of benefits, you may visit
or call,
1. Customer Service Dept.
3rd Flr. Prudentialife Bldg.
118 Gamboa St., Legaspi Village, Makati
City
Tel. No. 864-8000
2. Any Prudentialife Branch office near
your residence or your scholar’s
school.
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2.
When can my Scholar avail of my Education
Plan benefits?
Your
or your scholar may evail once the following
conditions are met:
1. Your plan has been fully paid for.
(A Certificate of Full Payment is issued
to a planholder who has completed payment
for his/her education plan).
2. Your education plan has reached maturity
year. (Maturity year is indicated in
your policy contract)
3. Your scholar is eligible to enroll
or be admitted in college (Applicable
for Heritage plans only).
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3.
How and to whom does Prudentialife
Plans, Inc. (PLPI) release Education
Plan Benefits?
There are three ways by which your education
plan benefits may be released:
1. To the School,
through the Direct School Payment Facilitation
Agreement (DSFPA).
This is an agreement between Prudentialife
and an accredited school whereby Prudentialife
directly settles with the school, the
tuition and school fees covered by your
education plan. Prior to enrollment
period, present original copy
of the following documents
to Prudentialife:
- Certificate
of Full Payment
- Plan Contract
- Letter of
Acceptance from the school (for incoming
freshmen)
- Course Curriculum
b. Prudentialife will issue a Scholar’s
Admission Slip (SAS).
c. To enroll, present the SAS to the
school.
d. Prudentialife will pay the school
based on the billing statement
Click here
for List of Schools with DSPFA
For the suceeding
availment, we will mail to you the SAS
prior to your enrollment.
2. To the School,
through Direct School Payment.
For schools not under DSPFA, the enrollment
procedure is as follows
a. Present original copy
of the following documents to Prudentialife
- Certificate
of Full Payment
- Plan Contract
- Registration/Assessment
Form with breakdown of miscellaneous
and other fees, subjects, and number
of units
- Course Curriculum
b. Based on the Course Curriculum and
the Assessment submitted, Prudentialife
shall prepare the corresponding check
payment for the covered tuition and
school fees. Check shall be made payable
to the School.
c. Scholar shall remit the check
payment to the School in order to enroll.
I n the absence of the Registration/Assessment
Form, only 70% of the estimated school
fees shall be released. The balance
shall be reimbursed upon presentation
of the required document/s.
2. To You, through
Reimbursement of School Fees.
You may choose to enroll and pay the
school in advance, then subsequently
request for reimbursement.
a. Present original copy
of the following:
- Certificate
of Full Payment
- Plan Contract
- Registration/Assessment
Form with breakdown of miscellaneous
and other fees, subjects, and number
of units
- Official Receipt
- Course Curriculum
- Planholder
or Scholar ID
- Authorization
Letter, if check will be claimed by
a representative (other than the planholder)
· - Special
Power of Attorney (SPOA), if check is
to be made payable to a representative
(other
than the planholder).
b. Prudentialife shall prepare
corresponding check payment, payable
to the Planholder, Scholar or Representative,
as the case may be.
c. In the case of an SPOA, the check
to be issued is a Crossed Check.
If you wish to encash your check with
the bank (RCBC, Legaspi Village Branch),
you will need to present one Primary
ID (Driver’s License, PRC ID,
Passport, Major Credit Card with picture),
or two Secondary IDs (Postal ID, Employee
ID, Marriage Contract).
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4.
Where do I proceed to claim my Scholar's
Education Plan Benefits?
To the School Operations Department
at any of the following locations:
a. Metro Manila Branch Offices
- 3rd Flr. Kalaw-Ledesma
Condominium, 117 Gamboa Street, Legaspi
Village, Makati City
- 8th Flr. Galleria
Corporate Center EDSA cor. Ortigas Ave.,
Mandaluyong City
- 7th Flr. MARC2000
Bldg. Cor. Quirino Ave. and Taft Ave.,
Malate, Manila
b. Provincial Branch
Provincial Branch
nearest you.
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The following FAQs apply for Heritage
Plans Only
5.
What school fees will be paid by Prudentialife
under the college program?
For full scholar (meaning no adjustment
to be made to school category), Prudentialife
shall pay for standard school fees which
include all subjects prescribed in the
curriculum for a four or five year college
course or a basic post high school certificate.
The standard school fees
covered under the Prudentialife education
program are Science laboratory, Athletics,
Speech laboratory, Counseling, Audio-visual,
Registration, Medical and dental, Official
School Publication, Library,
ID, and Internet Fee (for computer related
courses only)
Excluded from the standard
fees are Deposits (includes any deposit
that is reimbursable to the student),
Cost of Transcript of Records, Cost
of books, Transfer of Credentials, Materials
and Supplies, Removal Fees, Board and
Lodging Expenses, Penalties, Personal
Effects, Replacement Form, Rentals,
Entrance Examination, Uniforms, Donations,
Development Fees and other similar expenses
not covered by the education plan, per
General Provisions
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6.
What if Scholar exceeds the required
number of years, because of back subjects
or overloading
If the number of school
years to complete the four or five year
course is extended as a result of repeated
or back subjects, Prudentialife shall
cover the cost of tuition fees only
for the extended period, provided that
the accumulated number of units paid
for by Prudentialife shall not exceed
the total number of units required to
complete the course.
Should there be any un-used
Scholarship term as a result of summer
classes or overload, we shall pay an
amount equivalent to the cost of standard
fees of the semester / trimester last
enrolled in. This payment shall constitute
the complete servicing of the education
benefits of the plan.
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7.
Can a Scholar avail of the education
plan benefits during summer term?
Summer classes, including
their laboratory counterparts, are covered
if required in the Scholar’s course
curriculum. However, if the summer course
is taken for the advance or delayed
completion of the course, only the cost
of the tuition fees shall be paid by
Prudentialife.
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8.
What if I have another education plan
with another company and I am at the
same time availing of the education
benefits in that company?
If the other company is
paying for the enrollment of the Scholar,
you may at the same time reimburse the
school fees from Prudentialife, subject
to the education benefits covered by
your education plan with Prudentialife.
The following documents must be presented:
·Original copy of Certificate
of Full Payment
·Original copy of Plan Contract
·Registration/Assessment Form
with breakdown of miscellaneous and
other fees, subjects, and number of
units
·Course Curriculum
·Official Receipt
·Proof of payment by the other
pre-need company
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9. What schools are
covered by my Prudentialife Scholarship
plan?
A Prudentialife Scholar
may enroll in any Philippine college
or university recognized by the Commission
on Higher Education (CHED).
Excluded from the Education Plan coverage
are international schools, Philippine
schools operating in foreign military
installations, schools under foreign
government curricula and other schools
similarly situated. Likewise, excluded
are programs not recognized by the CHED,
programs covered only by temporary permits,
programs conducted through extension
classes, and programs covered by agreements
(international linkages, twinning programs,
etc.), involving foreign or alien government
or foreign educational institutions.
If the Scholar enrolls in any of the
excluded schools, the average tuition
fee of schools under the original plan
category shall apply.
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10.
What is a “twinning program”?
It is a joint project between a Philippine
and a foreign university with the desire
to build the capacity of both institutions,
to operate, administer and manage an
undergraduate or graduate program and
to provide an opportunity for students
to have an international diploma or
degree.
It is undertaken by a Philippine university
which has been recognized and has attained
at least Level II accreditation by the
Commission on Higher Education (CHED)
and a foreign institution of Higher
Learning which has been similarly recognized
and accredited as a quality institution
by an authorized accrediting body.
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11. Can my
PLPI scholarship program be availed
of for a course that is covered by a
twinning program?
No. By its very nature, a twinning program
is undertaken not only by one but by
two educational institutions. A twinning
program is not within the scope of the
Prudentialife Education Plan, which
is applicable only to academic programs
administered solely by a Philippine
college or university.
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12.
What degree programs are covered by
PrudentialifeI scholarship program?
The Prudentialife Scholarship Program
covers any four-year or five-year college
course (depending on the coverage of
the Scholar’s education plan agreement)
leading to a bachelor’s degree.
If the Scholar enrolled in a course
which may require higher years to finish
than what is provided for by the education
plan agreement, Prudentialife shall
only pay the first four or five school
years.
Vocational courses that require at least
five months or more are covered provided
that a five (5) to six (6) months course
is treated as one full semester. Additional
fees such as cost of fuel, machine rentals
or related fees shall be shouldered
by the Scholar. Should the Scholar decide
to take a vocational course, the Scholar
has to formally waive his rights to
a Bachelor’s degree.
In addition, the following Studies are
NOT covered by the Prudentialife Scholarship
Program:
-·Bachelor of Laws
-·Doctor of Medicine
-·Graduate Studies
-·Post Graduate Studies
-·Flying Aviation (Cost of Flight
Training)
-·Driving Courses
-·Non-formal Studies/Courses
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13. Can my
scholar enroll in a school with a category
that is higher than what is stated in
my contract?
Yes, but Prudentialife shall pay a percentage
of the schoolar's net tuition costs
based on percentage of the contract
price paid for as shown on the table
below:
|
Purchased Plan
Category |
Enrolled Category |
MLS
1987-1991 |
| Non-Exclusive |
Exclusive |
33% |
| State College/Univ |
Non-Exclusive |
65% |
| State College/Univ |
Exclusive |
21% |
| |
|
MLS
91-93 |
MLS
93-98 |
MLS
98-01 |
| |
|
02-21-91 |
07-21-93 |
09-18-98 |
| |
|
to
07-20-93 |
to
09-17-98 |
to
09-18-01 |
| Exclusive
B |
Exclusive
A |
59% |
30% |
35% |
| Non-Exclusive
A |
Exclusive
A |
33% |
19% |
25% |
| Non-Exclusive
B |
Exclusive
A |
19% |
12% |
15% |
| SCU
to ECU A |
Exclusive
A |
9% |
3% |
2% |
| Non-Exclusive
A |
Exclusive
B |
56% |
65% |
63% |
| Non-Exclusive
B |
Exclusive
B |
31% |
40% |
40% |
| State
College/Univ |
Exclusive
B |
15% |
10% |
4% |
| Non-Exclusive
B |
Non-Exclusive
A |
56% |
62% |
57% |
| State
College/Univ |
Non-Exclusive
A |
26% |
15% |
7% |
| State
College/Univ |
Non-Exclusive
B |
47% |
24% |
10% |
|
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14.
Can my Scholar enroll in a school with
a category lower than what is stated
in my contract?
Yes, Prudentialife shall pay for the
tuition and standard fees of your chosen
school with the lower category. In addition,
you shall be given a refund of the excess
proportionate contract price on a semestral
or trimestral basis, whichever is applicable.
For example:
| |
|
Contract
Price
|
| Category
of your plan |
Exclusive |
100,000 |
| Category
enrolled at |
Non-Exclusive |
40,000 |
| |
|
|
| Excess
on Contract Price |
|
60,000 |
| |
|
|
| Excess
to be divided by the number
of semesters or trimesters
and refunded accordingly.
|
|
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15.
What if my Scholar transfers to another
school or shifts to another course during
availment?
Computation of the remaining education
benefits shall take into consideration
all the tuition and standard fees already
availed of, subject to the plan’s
school category and scholastic level,
and subject to Prudentialife’s
policy on School Transfers.
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16.
What if my Scholar discontinues to attend
school in the middle of the term?
If Scholar drops from classes after
enrollment, whatever fees Prudentialife
has already paid the school shall be
considered part of the education benefits,
and shall be deducted from the total
benefits under the plan.
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17.
What if my scholar decides to discontinue
studies while already availing?
If Scholar decides to stop studying,
refund of the remaining benefits may
be requested subject to the provision
on Unavailed College Program Benefits/Refund.
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18.
What happens if I am not going to use
my education plan?
Within 5 years from maturity,
the following options are available:
a. Designate another Scholar
b. Transfer the education plan
c. Refund in Cash, subject to the provision
on Unavailed College Program Benefits/Refund
After 5 years from
maturity, the only option available
is the Unavailed College Program Benefits/Refund.
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ON
REINSTATING YOUR LAPSED EDUCATION PLAN
1.
When is my plan considered lapsed?
A plan is considered lapsed when an
installment is not paid within 2 months
from the due date.
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2.
What happens if my education plan lapses?
When your education plan lapses, the
contract is without force and effect.
You cannot avail of the plan's benefits.
It cannot be amended, transferred or
terminated. For Heritage Plan, it will
be subjected to the prevailing Masterlist
of Schools.
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3.
How do I reinstate my lapsed plan?
You may reinstate your plan within a
period of two years from date of default
(due date of the unpaid installment)
with updating.
Updating - Reinstatement
by updating is only allowed within a
period of two years before maturity
of the plan. Upon updating, you will
be required to pay in full all the installments
in arrears as well as the corresponding
penalty charges and fees.
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4.
What are the requirements to reinstate
my lapsed education plan?
To reinstate by
updating, you will be required to:
1. Fill out and sign Reinstatement form*.
For plans with a Co-Planholder, the
Co-Planholder is required to sign in
the Reinstatement form. If the Co-Planholder
did not sign the reinstatement form,
it will be processed without insurance
benefit.
2. For Heritage plans, sign a new applicable
Masterlist of Schools (MLS).
3. Pay arrearages, penalty charges,
and reinstatement fee
* Form/s available at Prudentialife
branches and can also be downloaded
at our PH
E-Services Page.
** Form available at the Prudentialife
branches
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5.
What happens if I fail to reinstate
my lapsed education plan within the
two year period from date of default?
If your plan is not reinstated within
two years from end of grace period,
it will be automatically cancelled.
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6.
Where can I proceed to reinstate my
lapsed plan?
You may proceed to any Prudentialife
branch office nearest you or to the
Credit & Collection Dept at the
PLPI Head Office, 2nd Floor, 118 Gamboa
St., Legaspi Village, Makati City.
