Pramerica Life Term Insurance Benefits
|Claim Settlement Ratio||98.61%|
|Customer Care||Mon to Sat 9:30 AM to 6:30 PM|
|Death Benefit Paid For||560 Policies|
|Total Death Benefit Paid||22.44 Crore|
Benefits of Pramerica Life Term Insurance
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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Pramerica Life Term Insurance Plan List
|Name of Plan||Sum Assured|
|Life TruShield Plan||20 lac - 10 cr||Get Quotes Now|
Pramerica Term Insurance User Reviews
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Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 45 Lacs+ happy customers
Pramerica Life Term Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Pramerica Life Term Insurance1800-102-7070Mon to Sat 9:30 AM to 6:30 PM
Claim Process at Pramerica Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
FAQ About Pramerica Life Term Insurance
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.