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Pramerica Life Term Insurance Benefits

103 reviews Rate This
Claim Settlement Ratio98.61%
Customer CareMon to Sat 9:30 AM to 6:30 PM
Death Benefit Paid For560 Policies
Presence138 Offices
Total Death Benefit Paid22.44 Crore

Pramerica Life Insurance started its operations in 2013 and has been one of the leading insurance providers in India. Pramerica Life Insurance offers affordable term insurance plans. The insurance company has featured a high claim settlement ratio. Pramerica Life Insurance is dedicated to provide quality products and services to its customers.

Pramerica Term Insurance Benefits

Pramerica Term Insurance policies, also known as protection plans, offer the following benefits:

1. High Claim Settlement Ratio: Pramerica Life Insurance 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 strives to provide quality service to its clients. High claim settlement ratio of an insurance provider represents how reliable the insurance provider is.

2. High Assured Amount at Low Premium: Pramerica Term Insurance policies have a high assurance amount for its policyholders by asking them low and affordable premiums. The policy term ranges between 7 years and 30 years and provides coverage to the policyholder until 65 years of age.

3. Financial Assistance: Pramerica term insurance plans offer financial assistance to your family in case of your unfortunate demise during the policy term. These plans help you ensure a financially secured future for your loved ones even in your absence.

4. Return of Premiums: Pramerica Life Insurance offers a unique term insurance policy by the name of TruShield Term Insurance. The policy in the case of survival of the policyholder returns all the premium paid devoid of the taxes and processing charges at the time of maturity of the policy.

5. Tax Benefits: Pramerica Term Insurance policies provide tax benefits according to the current income tax laws. The policies provide benefits under section 80C and 10D of the Income Tax Act.

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Pramerica Life Term Insurance Plans

1 Crore
2 Crore
2.5 Crore
    Tax Free
    1 Cr
Starting From 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
    Tax Free
    1 Cr
Starting From 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
    Tax Free
    1 Cr
Starting From 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
See More Plans

User Reviews

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What users are saying
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  • Nice Company

    I wanted to buy a term insurance plan and I found the insuranceDekho company in that process. At InsuranceDekho Online platform, they have many features like comparing online, customer service, and a variety of term plans. I Purchased the Pramerica Term Insurance policy easily. My experience with InsuranceDekho was very nice. Thank You, team!

    By Rahul Panwar
    On: Feb 15, 2024
  • Smooth Process

    The entire process of buying the Pramerica term insurance plan from InsuranceDekho was an easy one. With the guidance of the expert customer team members, the overall procedure was simplified and I was easily able to buy the pramerica term insurance plan from InsuranceDekho.

    By Shivani Sinha
    On: Dec 18, 2023
  • Term Insurance - A Lifeline

    InsuranceDekho became our lifeline when we needed a term insurance policy. Their expert advice and support made a world of difference with the Pramerica Term Insurance- Life TruShield Plan- Term Insurance.

    By Mansi Bhandari
    On: Nov 09, 2023
  • Easy Application Process

    Applying for the Pramerica Life Term Insurance Policy with InsuranceDekho was incredibly easy and convenient, thanks to their user-friendly online platform.

    By Swapnil Goswamy
    On: Sep 13, 2023
  • Knowledgeable customer care te...

    I wanted to purchase a plan that did not overshoot my budget and provided me good coverage so I contacted the helpline number of InsuranceDekho. The executive listened to my requirements and recommended I purchase the Pramerica Life Term Insurance Policy as it best suited my requirements under my defined budget.

    By Abhay Raj
    On: Aug 28, 2023
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Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 80 Lacs+ happy customers

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Pramerica Life Term Insurance Contact Details

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Claim Process at Pramerica Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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  • What is the age to purchase a Pramerica Term Insurance policy?

    The age to purchase a Pramerica Term Insurance policy is between 18 and 50 years. The Trushield Policy has terms of 7, 10, 12, 15, 20 years thus the maximum age at which it can be purchased is 50 years, and the policy term for U-protect policy is 10 years -30 years and the maximum age for purchase is the same. 

  • What is the minimum and maximum value of sum assured in Pramerica Term Insurance plans?

    The minimum sum assured in a Pramerica TruShield plan is Rs 5 lakhs, and the maximum is Rs. 50 crores. The minimum amount assured in DHFL Pramerica U-Protect plan is Rs. 25 lakhs, and there is no maximum limit which is subject to underwriting.

  • What is the premium payment frequency in Pramerica Term Insurance policies?

    Pramerica TruShield plan has an option of monthly, annual, or single premium payment, whereas the U-Protect plan has yearly and half-yearly premium options. 

  • Which Term Insurance policy in Pramerica provides the premium amount at maturity?

    Pramerica TruShield term insurance returns the premium minus the tax amounts to the policyholder if they are alive at maturity otherwise the sum assured at the inception of the policy is offered to the family of the policyholder in an unfortunate event of death. 

  • What is the maximum age at maturity for a policyholder in a Pramerica term insurance plan?

    The maximum age at maturity for a Pramerica term insurance policyholder is 65 years.

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