Everything You Need To Know About Pramerica Life TruShield Plan
Updated On Sep 11, 2021
Table of Contents
Pramerica Life TruShield plan is a return of premiums term insurance plan. It is a non-participating term insurance plan. This plan provides financial assistance to your family in case an unforeseen event takes place such as your untimely demise during the policy tenure. This plan also provides returns of premium at the time of plan maturity that shall be provided at the end of the policy tenure. Pramerica Life TruShield plan has two plan options which are Level Cover and Reducing Cover.
Pramerica Life TruShield is a risk protection plan, which provides financial security to the family of the life assured in case of an untimely demise of the life assured during the policy tenure. In case of an unforeseen demise of the life assured, a death benefit shall be provided to the family of the life assured, which helps the family to maintain a decent standard of living, fulfil their daily expenses and pursue their dreams in absence of the life assured.
Features of Pramerica Life TruShield Plan
Below enlisted are some features of Pramerica Life TruShield plan:
- Provides financial protection to the life assured and the family of the life assured in case of an unforeseen demise of the life assured during the policy tenure
- 2 plan options - Level Cover and Reducing Cover
- Provides return of premiums at the time of plan maturity
- Affordable premiums
- Availability of Additional Shield Cover
- Flexibility to choose premium payment tenure and policy tenure
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Eligibility Criteria of Pramerica Life TruShield Plan
Following is the eligibility criteria of purchasing the Pramerica Life TruShield plan:
| Parameter | Eligibility |
| Minimum Entry Age | 18 Years |
| Maximum Entry Age |
7 years policy term - 50 Years 10 years policy term - 55 Years 12 years policy term - 50 Years 15 years policy term - 50 Years 20 years policy term - 45 Years |
| Maximum Maturity Age | 65 Years |
| Policy Term | 7 Years, 10 Years, 12 Years, 15 Years and 20 Years |
| Premium Payment Term |
7 years policy term - Regular Pay 10 years policy term - Single, 5 or Regular Pay 12 years policy term - Regular Pay 15 years policy term - Singe, 7 or 12 Pay 20 years policy term - Single or 10 Pay |
| Minimum Sum Assured | INR 5,00,000 |
| Maximum Sum Assured | INR 50 Crore |
| Premium Payment Mode | Single, Annually or Monthly |
Benefits of Purchasing Pramerica Life TruShield Plan
Below mentioned are the benefits of purchasing Pramerica Life TruShield plan:
- This plan provides financial protection to the life assured and the family of the life assured, in case an unpredictable event takes place such as sudden demise of the life assured during the policy tenure.
- Pramerica Life TruShield plan has 2 plan options - Level Cover and Reducing Cover.
- This plan provides return of premiums, at the time of plan maturity, in case the life assured survives the entire policy term. The return of premiums shall be provided at the end of the policy term.
- Pramerica Life TruShield plan provides the option to choose the premium payment term and policy term according to the budget of the life assured.
Also Read: Top Term Insurance Buying Mistakes You Should Avoid
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
