Price Increase of Traditional Basic Life Plan & Traditional Value Plus Life Plan
SEC-NTD (Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Feb 28, 2007
Full text
February 28, 2007 NON-TRADITIONAL SECURITIES & INSTRUMENTS DEPARTMENT IN THE MATTER OF PRUDENTIAL PLANS, INC., registrant PRICE INCREASE OF TRADITIONAL BASIC LIFE PLAN & TRADITIONAL VALUE PLUS LIFE PLAN ORDER Upon consideration of the Petition for Price Increase and its supporting documents filed on February 28, 2007 for and on behalf of PRUDENTIALIFE PLANS, INC., the Commission pursuant to SEC Memorandum Circular No. 3 Series of 2002 rendered effective the following price increases of its existing unsold TRADITIONAL BASIC LIFE PLAN and TRADITIONAL VALUE PLUS LIFE PLAN, subject to the amended terms and conditions: Traditional Basic Life Plan Traditional Value Plus Life Plan Term of Payment Minimum Maximum Minimum Maximum Spot Cash Php22,973 Php279,177 Php33,902 Php320,166 Two Years 23,684 287,182 34,950 330,068 Three Years 24,417 296,712 36,033 340,275 Four Years 25,172 305,888 37,148 350,800 Five Years 25,950 315,350 38,295 361,650 However, the issuance thereof is only permissive and does not constitute a recommendation or indorsement of the securities permitted to be offered for sale. It shall be unlawful to make or cause to be made to any prospective purchaser any representation contrary to the foregoing. aATESD Let this Order be published at the expense of the corporation once in a newspaper of general circulation in the Philippines within ten (10) days from its promulgation. The corporation is hereby directed to submit to the Commission an affidavit to this affect within five (5) days from such publication. SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) JOSE P. AQUINO Acting Director Published in The Manila Times on March 2, 2007 .
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.