Pramerica Life Insurance Benefits

Pramerica Life Insurance is a joint venture of two companies. Investment Limited which is a subsidiary of Dewan Housing Finance Corporation Limited and the Prudential International Insurance Holdings, Limited which is owned by the Prudential Financial Incorporate. The two companies came together in the domain of life insurance in 2013. Pramerica Life Insurance has a vast range of life insurance products to meet the demands of its vast client base.

Pramerica Life Insurance Benefits

Pramerica Life Insurance provides the aforementioned benefits as one of the prominent life insurance companies in India:

1. Customer Friendly Services: Pramerica Life Insurance has made the process of purchasing their policy a customer-friendly one. The company has a fully trained staff to help you at every step of the process, be it pre-purchase or post-purchase, which would include the servicing, renewals, and the claim process.

2. High Claim Settlement Ratio: Pramerica Life Insurance Company’s Claim Settlement Ratio depicts how dependable they are. The company has featured a claim settlement ratio of 98.42% in the FY 2019-20, which is one of the best in the country. The company is dedicated to building up trust and providing quality service to its clients. High claim settlement ratio of an insurance provider depicts the number of claims paid by the insurance provider.

3. Wide Range of Products: Pramerica Life Insurance offers a wide range of life insurance products such as term insurance, ULIPs, savings, health, child progress and group plans. These plans are designed to fulfill the requirements of every individual. One can choose a life insurance plan that best suits his/her requirements and fits the budget as well.

4. Online and Offline Premium Payment: The company offers you a chance to pay the premium for your policy in the online mode as well as the offline mode. You can choose whatever is appropriate for you.

5. Tax Benefits: The company offers you the income tax deduction according to the sections 80C and 10 D of Income Tax Act.

6. Dedicated Policy for Defence Personnel: The company has a dedicated sales team of ex-servicemen who understand the requirements of fellow defence personnel. Unique plans covering the war zone issues are provided by the company.