<?xml version="1.0" encoding="utf-8"?>
<!--Generated by DataTracks Rainbow version 3.5 for Toppan Merrill on 26-March-2024 [07:37:06] {PM}-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_GainLossFromFairValueMovementOnInvestmentContractLiabilities" xlink:label="loc_puk_GainLossFromFairValueMovementOnInvestmentContractLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_GainLossFromFairValueMovementOnInvestmentContractLiabilities" xml:lang="en">Gain Loss From Fair Value Movement On Investment Contract Liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_GainLossFromFairValueMovementOnInvestmentContractLiabilities" xlink:to="lab_puk_GainLossFromFairValueMovementOnInvestmentContractLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_GainLossFromFairValueMovementOnInvestmentContractLiabilities" xml:lang="en">Gain loss from fair value movement on investment contract liabilities.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_GainLossOnDisposalOfBusinessAndCorporateTransactions" xlink:label="loc_puk_GainLossOnDisposalOfBusinessAndCorporateTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_GainLossOnDisposalOfBusinessAndCorporateTransactions" xml:lang="en">Gain Loss On Disposal Of Business And Corporate Transactions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_GainLossOnDisposalOfBusinessAndCorporateTransactions" xlink:to="lab_puk_GainLossOnDisposalOfBusinessAndCorporateTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_GainLossOnDisposalOfBusinessAndCorporateTransactions" xml:lang="en">Gain loss on disposal of business and corporate transactions.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en">Tax expense (income)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" xlink:label="loc_puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" xml:lang="en">Income Tax Expense Continuing Operations Attributable To Policyholders Returns</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" xml:lang="en">Income Tax Expense Continuing Operations Attributable To Policyholders Returns</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" xlink:to="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToPolicyholdersReturns" xml:lang="en">Income tax expense continuing operations attributable to policyholders returns.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" xlink:label="loc_puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" xml:lang="en">Income Tax Expense Continuing Operations Attributable To Shareholders</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" xml:lang="en">Income Tax Expense Continuing Operations Attributable To Shareholders</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" xlink:to="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_IncomeTaxExpenseContinuingOperationsAttributableToShareholders" xml:lang="en">Income tax expense continuing operations attributable to shareholders.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_AmortizationOfInsuranceAcquisitionCashFlows" xlink:label="loc_puk_AmortizationOfInsuranceAcquisitionCashFlows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_AmortizationOfInsuranceAcquisitionCashFlows" xml:lang="en">Amortization Of Insurance Acquisition Cash Flows</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_AmortizationOfInsuranceAcquisitionCashFlows" xml:lang="en">Amortization Of Insurance Acquisition Cash Flows</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_AmortizationOfInsuranceAcquisitionCashFlows" xlink:to="lab_puk_AmortizationOfInsuranceAcquisitionCashFlows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_AmortizationOfInsuranceAcquisitionCashFlows" xml:lang="en">Amortization of insurance acquisition cash flows.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_ClaimsIncurred" xlink:label="loc_puk_ClaimsIncurred" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_ClaimsIncurred" xml:lang="en">Claims Incurred</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_ClaimsIncurred" xml:lang="en">Claims Incurred</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_ClaimsIncurred" xlink:to="lab_puk_ClaimsIncurred" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_ClaimsIncurred" xml:lang="en">Claims incurred.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_DirectlyAttributableExpensesIncurred" xlink:label="loc_puk_DirectlyAttributableExpensesIncurred" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_DirectlyAttributableExpensesIncurred" xml:lang="en">Directly Attributable Expenses Incurred</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_DirectlyAttributableExpensesIncurred" xml:lang="en">Directly Attributable Expenses Incurred</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_DirectlyAttributableExpensesIncurred" xlink:to="lab_puk_DirectlyAttributableExpensesIncurred" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_DirectlyAttributableExpensesIncurred" xml:lang="en">Directly attributable expenses incurred.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:label="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xml:lang="en">Insurance service expenses from insurance contracts issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:to="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_OtherInsuranceServiceExpenses" xlink:label="loc_puk_OtherInsuranceServiceExpenses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_OtherInsuranceServiceExpenses" xml:lang="en">Other Insurance Service Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_OtherInsuranceServiceExpenses" xml:lang="en">Other Insurance Service Expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_OtherInsuranceServiceExpenses" xlink:to="lab_puk_OtherInsuranceServiceExpenses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_OtherInsuranceServiceExpenses" xml:lang="en">Other insurance service expenses.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_InterestExpenseOnCoreStructuralBorrowings" xlink:label="loc_puk_InterestExpenseOnCoreStructuralBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_InterestExpenseOnCoreStructuralBorrowings" xml:lang="en">Interest Expense On Core Structural Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_InterestExpenseOnCoreStructuralBorrowings" xml:lang="en">Interest Expense On Core Structural Borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_InterestExpenseOnCoreStructuralBorrowings" xlink:to="lab_puk_InterestExpenseOnCoreStructuralBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_InterestExpenseOnCoreStructuralBorrowings" xml:lang="en">InterestExpenseOnCoreStructuralBorrowings</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_InvestmentReturnAbstract" xlink:label="loc_puk_InvestmentReturnAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_InvestmentReturnAbstract" xml:lang="en">Investment Return [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_InvestmentReturnAbstract" xlink:to="lab_puk_InvestmentReturnAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_InvestmentReturnAbstract" xml:lang="en">Investment return.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_InvestmentIncomeLoss" xlink:label="loc_puk_InvestmentIncomeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_InvestmentIncomeLoss" xml:lang="en">Investment Income (Loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_puk_InvestmentIncomeLoss" xml:lang="en">Investment Income Loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_InvestmentIncomeLoss" xlink:to="lab_puk_InvestmentIncomeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_InvestmentIncomeLoss" xml:lang="en">The amount of investment income (loss) during the period.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_OtherInvestmentReturnOnFinancialInvestments" xlink:label="loc_puk_OtherInvestmentReturnOnFinancialInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_OtherInvestmentReturnOnFinancialInvestments" xml:lang="en">Other Investment Return On Financial Investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_OtherInvestmentReturnOnFinancialInvestments" xlink:to="lab_puk_OtherInvestmentReturnOnFinancialInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_OtherInvestmentReturnOnFinancialInvestments" xml:lang="en">Other investment return on financial investments.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_NetInsuranceAndReinsuranceFinanceIncomeExpenseAbstract" xlink:label="loc_puk_NetInsuranceAndReinsuranceFinanceIncomeExpenseAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_NetInsuranceAndReinsuranceFinanceIncomeExpenseAbstract" xml:lang="en">Net Insurance And Reinsurance Finance Income (Expense) [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_NetInsuranceAndReinsuranceFinanceIncomeExpenseAbstract" xlink:to="lab_puk_NetInsuranceAndReinsuranceFinanceIncomeExpenseAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_NetInsuranceAndReinsuranceFinanceIncomeExpenseAbstract" xml:lang="en">Net insurance and reinsurance finance income expense.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InsuranceFinanceIncomeExpenses" xlink:label="loc_ifrs-full_InsuranceFinanceIncomeExpenses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_InsuranceFinanceIncomeExpenses" xml:lang="en">Insurance finance income (expenses)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceFinanceIncomeExpenses" xlink:to="lab_ifrs-full_InsuranceFinanceIncomeExpenses" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_NetInvestmentResult" xlink:label="loc_puk_NetInvestmentResult" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_NetInvestmentResult" xml:lang="en">Net Investment Result</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_puk_NetInvestmentResult" xml:lang="en">Net Investment Result</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_NetInvestmentResult" xlink:to="lab_puk_NetInvestmentResult" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_NetInvestmentResult" xml:lang="en">Net investment result.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_NonInsuranceExpenditure" xlink:label="loc_puk_NonInsuranceExpenditure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_NonInsuranceExpenditure" xml:lang="en">Non Insurance Expenditure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_puk_NonInsuranceExpenditure" xml:lang="en">Non Insurance Expenditure</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_NonInsuranceExpenditure" xlink:to="lab_puk_NonInsuranceExpenditure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_NonInsuranceExpenditure" xml:lang="en">Non-insurance expenditure.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_ProfitLossBeforeTaxAttributableToShareholders" xlink:label="loc_puk_ProfitLossBeforeTaxAttributableToShareholders" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_ProfitLossBeforeTaxAttributableToShareholders" xml:lang="en">Profit Loss Before Tax Attributable To Shareholders</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_puk_ProfitLossBeforeTaxAttributableToShareholders" xml:lang="en">Profit Loss Before Tax Attributable To Shareholders</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_ProfitLossBeforeTaxAttributableToShareholders" xlink:to="lab_puk_ProfitLossBeforeTaxAttributableToShareholders" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_ProfitLossBeforeTaxAttributableToShareholders" xml:lang="en">Profit loss before tax attributable to shareholders.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_TransferOfFairValueReserveFromDisposalOfInvestmentInEquitySecurities" xlink:label="loc_puk_TransferOfFairValueReserveFromDisposalOfInvestmentInEquitySecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_TransferOfFairValueReserveFromDisposalOfInvestmentInEquitySecurities" xml:lang="en">Transfer Of Fair Value Reserve From Disposal Of Investment In Equity Securities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_TransferOfFairValueReserveFromDisposalOfInvestmentInEquitySecurities" xlink:to="lab_puk_TransferOfFairValueReserveFromDisposalOfInvestmentInEquitySecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_TransferOfFairValueReserveFromDisposalOfInvestmentInEquitySecurities" xml:lang="en">Transfer of fair value reserve from disposal of investment in equity securities.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_ShareCapitalAndSharePremiumAbstract" xlink:label="loc_puk_ShareCapitalAndSharePremiumAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_ShareCapitalAndSharePremiumAbstract" xml:lang="en">Share Capital And Share Premium Abstract</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_ShareCapitalAndSharePremiumAbstract" xlink:to="lab_puk_ShareCapitalAndSharePremiumAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_ShareCapitalAndSharePremiumAbstract" xml:lang="en">No definition available.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_TreasurySharesAbstract" xlink:label="loc_puk_TreasurySharesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_TreasurySharesAbstract" xml:lang="en">Treasury shares [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_TreasurySharesAbstract" xlink:to="lab_puk_TreasurySharesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_TreasurySharesAbstract" xml:lang="en">No definition available.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_AccrualsDeferredIncomeAndOtherLiabilities" xlink:label="loc_puk_AccrualsDeferredIncomeAndOtherLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_AccrualsDeferredIncomeAndOtherLiabilities" xml:lang="en">Accruals, deferred income and other liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_AccrualsDeferredIncomeAndOtherLiabilities" xlink:to="lab_puk_AccrualsDeferredIncomeAndOtherLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_AccrualsDeferredIncomeAndOtherLiabilities" xml:lang="en">The aggregate amount of accrued expenses, deferred income and other liabilities.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_CoreStructuralBorrowingsOfShareholderFinancedOperations" xlink:label="loc_puk_CoreStructuralBorrowingsOfShareholderFinancedOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_CoreStructuralBorrowingsOfShareholderFinancedOperations" xml:lang="en">Core Structural Borrowings Of Shareholder Financed Operations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_CoreStructuralBorrowingsOfShareholderFinancedOperations" xlink:to="lab_puk_CoreStructuralBorrowingsOfShareholderFinancedOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_CoreStructuralBorrowingsOfShareholderFinancedOperations" xml:lang="en">The amount of core structural borrowings attributable to shareholder-backed businesses.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_LiabilitiesUnderInvestmentContractsWithoutDiscretionaryParticipationFeatures" xlink:label="loc_puk_LiabilitiesUnderInvestmentContractsWithoutDiscretionaryParticipationFeatures" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_LiabilitiesUnderInvestmentContractsWithoutDiscretionaryParticipationFeatures" xml:lang="en">Liabilities Under Investment Contracts Without Discretionary Participation Features</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_LiabilitiesUnderInvestmentContractsWithoutDiscretionaryParticipationFeatures" xlink:to="lab_puk_LiabilitiesUnderInvestmentContractsWithoutDiscretionaryParticipationFeatures" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_LiabilitiesUnderInvestmentContractsWithoutDiscretionaryParticipationFeatures" xml:lang="en">The amount of liabilities under investment contracts without discretionary participation features, accounted for under IFRS 4.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_NetAssetValueAttributableToUnitHoldersOfConsolidatedUnitTrustsAndSimilarFunds" xlink:label="loc_puk_NetAssetValueAttributableToUnitHoldersOfConsolidatedUnitTrustsAndSimilarFunds" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_NetAssetValueAttributableToUnitHoldersOfConsolidatedUnitTrustsAndSimilarFunds" xml:lang="en">Net asset value attributable to unit holders of consolidated unit trusts and similar funds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_NetAssetValueAttributableToUnitHoldersOfConsolidatedUnitTrustsAndSimilarFunds" xlink:to="lab_puk_NetAssetValueAttributableToUnitHoldersOfConsolidatedUnitTrustsAndSimilarFunds" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_NetAssetValueAttributableToUnitHoldersOfConsolidatedUnitTrustsAndSimilarFunds" xml:lang="en">The amount of the liability representing the net asset value attributable to external unit holders of consolidated unit trusts and similar funds.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_ObligationsUnderFundingSecuritiesLendingAndRepurchaseAgreements" xlink:label="loc_puk_ObligationsUnderFundingSecuritiesLendingAndRepurchaseAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_ObligationsUnderFundingSecuritiesLendingAndRepurchaseAgreements" xml:lang="en">Obligations under funding, securities lending and repurchase agreements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_ObligationsUnderFundingSecuritiesLendingAndRepurchaseAgreements" xlink:to="lab_puk_ObligationsUnderFundingSecuritiesLendingAndRepurchaseAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_ObligationsUnderFundingSecuritiesLendingAndRepurchaseAgreements" xml:lang="en">The amount of the entity's obligations related to funding, securities lending and repurchase agreements.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_OperationalBorrowings" xlink:label="loc_puk_OperationalBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_OperationalBorrowings" xml:lang="en">Operational Borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_OperationalBorrowings" xlink:to="lab_puk_OperationalBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_OperationalBorrowings" xml:lang="en">Operational borrowings.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_CashFlowsFromContinuingOperationsAbstract" xlink:label="loc_puk_CashFlowsFromContinuingOperationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_CashFlowsFromContinuingOperationsAbstract" xml:lang="en">Cash Flows from Continuing Operations [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_CashFlowsFromContinuingOperationsAbstract" xlink:to="lab_puk_CashFlowsFromContinuingOperationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_CashFlowsFromContinuingOperationsAbstract" xml:lang="en">This concept does not have a custom type definition</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xml:lang="en">Interest paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:label="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xml:lang="en">Repayments of non-current borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:to="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_CashFlowsFromShareCapitalTransactionsAbstract" xlink:label="loc_puk_CashFlowsFromShareCapitalTransactionsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_CashFlowsFromShareCapitalTransactionsAbstract" xml:lang="en">Cash flows from share capital transactions [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_CashFlowsFromShareCapitalTransactionsAbstract" xlink:to="lab_puk_CashFlowsFromShareCapitalTransactionsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_CashFlowsFromShareCapitalTransactionsAbstract" xml:lang="en">No definition available.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_DividendsPaidClassifiedAsFinancingActivitiesAbstract" xlink:label="loc_puk_DividendsPaidClassifiedAsFinancingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_DividendsPaidClassifiedAsFinancingActivitiesAbstract" xml:lang="en">Dividends Paid, Classified As Financing Activities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_DividendsPaidClassifiedAsFinancingActivitiesAbstract" xlink:to="lab_puk_DividendsPaidClassifiedAsFinancingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_DividendsPaidClassifiedAsFinancingActivitiesAbstract" xml:lang="en">No definition available.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xml:lang="en">Dividends paid to equity holders of parent, classified as financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xml:lang="en">Dividends paid to non-controlling interests, classified as financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xml:lang="en">Net cash flows from (used in) financing activities, continuing operations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en">Payments of lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:label="loc_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xml:lang="en">Cash advances and loans made to related parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:to="lab_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xml:lang="en">Net cash flows from (used in) investing activities, continuing operations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="loc_puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="en">Cash flows used in obtaining control of subsidiaries or other businesses and purchase of intangible assets, classified as investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="en">Cash flows used in obtaining control of subsidiaries or other businesses and purchase of intangible assets, classified as investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="en">The aggregate cash flows used in obtaining control of subsidiaries or other businesses and for the purchases of intangible assets, classified as investing activities.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_AdjustmentsForDecreaseIncreaseInInvestments" xlink:label="loc_puk_AdjustmentsForDecreaseIncreaseInInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_AdjustmentsForDecreaseIncreaseInInvestments" xml:lang="en">Adjustments for decrease (increase) in investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_AdjustmentsForDecreaseIncreaseInInvestments" xlink:to="lab_puk_AdjustmentsForDecreaseIncreaseInInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_AdjustmentsForDecreaseIncreaseInInvestments" xml:lang="en">Adjustments for decrease (increase) in investments to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForFinanceIncomeCost" xlink:label="loc_ifrs-full_AdjustmentsForFinanceIncomeCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_AdjustmentsForFinanceIncomeCost" xml:lang="en">Adjustments for finance income (cost)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForFinanceIncomeCost" xlink:to="lab_ifrs-full_AdjustmentsForFinanceIncomeCost" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_AdjustmentsForInsuranceAndReinsuranceContractAssetsAndLiabilitiesUnderIfrs17" xlink:label="loc_puk_AdjustmentsForInsuranceAndReinsuranceContractAssetsAndLiabilitiesUnderIfrs17" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_AdjustmentsForInsuranceAndReinsuranceContractAssetsAndLiabilitiesUnderIfrs17" xml:lang="en">Adjustments For Insurance And Reinsurance Contract Assets And Liabilities Under Ifrs 17</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_AdjustmentsForInsuranceAndReinsuranceContractAssetsAndLiabilitiesUnderIfrs17" xlink:to="lab_puk_AdjustmentsForInsuranceAndReinsuranceContractAssetsAndLiabilitiesUnderIfrs17" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_AdjustmentsForInsuranceAndReinsuranceContractAssetsAndLiabilitiesUnderIfrs17" xml:lang="en">Adjustments for insurance and reinsurance contract assets and liabilities under ifrs 17.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xml:lang="en">Net cash flows from (used in) operating activities, continuing operations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_OperatingCashItemsAbstract" xlink:label="loc_puk_OperatingCashItemsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_OperatingCashItemsAbstract" xml:lang="en">Operating cash items [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_OperatingCashItemsAbstract" xlink:to="lab_puk_OperatingCashItemsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_OperatingCashItemsAbstract" xml:lang="en">No definition available.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en">Interest paid, classified as operating activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xml:lang="en">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_CoreStructuralBorrowingsOfShareholderFinancedOperationsMember" xlink:label="loc_puk_CoreStructuralBorrowingsOfShareholderFinancedOperationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_CoreStructuralBorrowingsOfShareholderFinancedOperationsMember" xml:lang="en">Core Structural Borrowings Of Shareholder Financed Operations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_CoreStructuralBorrowingsOfShareholderFinancedOperationsMember" xlink:to="lab_puk_CoreStructuralBorrowingsOfShareholderFinancedOperationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_CoreStructuralBorrowingsOfShareholderFinancedOperationsMember" xml:lang="en">This member stands for structural borrowings of shareholder-financed businesses, which excludes borrowings to support short-term fixed income securities programmes, non-recourse borrowings of investment subsidiaries of shareholder-financed operations and other borrowings of shareholder-financed businesses.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_CiticPrudentialLifeInsuranceCompanyLimitedMember" xlink:label="loc_puk_CiticPrudentialLifeInsuranceCompanyLimitedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_CiticPrudentialLifeInsuranceCompanyLimitedMember" xml:lang="en">Citic Prudential Life Insurance Company Limited [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_CiticPrudentialLifeInsuranceCompanyLimitedMember" xlink:to="lab_puk_CiticPrudentialLifeInsuranceCompanyLimitedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_CiticPrudentialLifeInsuranceCompanyLimitedMember" xml:lang="en">Citic prudential life insurance company limited [Member].</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Borrowings" xlink:label="loc_ifrs-full_Borrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_Borrowings" xml:lang="en">Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_Borrowings" xml:lang="en">Borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Borrowings" xlink:to="lab_ifrs-full_Borrowings" />
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_IncreaseDecreaseThroughNetExchangeDifferencesBorrowings" xlink:label="loc_puk_IncreaseDecreaseThroughNetExchangeDifferencesBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_IncreaseDecreaseThroughNetExchangeDifferencesBorrowings" xml:lang="en">Increase (decrease) through net exchange differences, borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_IncreaseDecreaseThroughNetExchangeDifferencesBorrowings" xlink:to="lab_puk_IncreaseDecreaseThroughNetExchangeDifferencesBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_IncreaseDecreaseThroughNetExchangeDifferencesBorrowings" xml:lang="en">The increase (decrease) in borrowings resulting from the net exchange differences that arise on the translation of the financial statements into a different presentation currency, and on the translation of a foreign operation into the presentation currency.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_IncreaseDecreaseThroughOtherChangesBorrowings" xlink:label="loc_puk_IncreaseDecreaseThroughOtherChangesBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_IncreaseDecreaseThroughOtherChangesBorrowings" xml:lang="en">Increase (decrease) through other changes, borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_IncreaseDecreaseThroughOtherChangesBorrowings" xlink:to="lab_puk_IncreaseDecreaseThroughOtherChangesBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_IncreaseDecreaseThroughOtherChangesBorrowings" xml:lang="en">The increase (decrease) in borrowings resulting from changes that the entity does not separately disclose in the same statement or note.</label>
<loc xlink:type="locator" xlink:href="5493001Z3ZE83NGK8Y12-2023-12-31.xsd#puk_DividendsReceivedFromJointVenturesAndAssociates" xlink:label="loc_puk_DividendsReceivedFromJointVenturesAndAssociates" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_puk_DividendsReceivedFromJointVenturesAndAssociates" xml:lang="en">Dividends Received from Joint Ventures and Associates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_puk_DividendsReceivedFromJointVenturesAndAssociates" xlink:to="lab_puk_DividendsReceivedFromJointVenturesAndAssociates" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_puk_DividendsReceivedFromJointVenturesAndAssociates" xml:lang="en">The cash inflow representing dividends received from joint ventures and associates.</label>
</labelLink>
</linkbase>