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Pramerica Life Term Insurance Plans

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Highlights
Claim Settlement Ratio98.61%
Customer CareMon to Sat 9:30 AM to 6:30 PM
Death Benefit Paid For560 Policies
Inception2013
Presence138 Offices
Total Death Benefit Paid22.44 Crore

Term Life Insurance Premium Calculator

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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
1.5 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 706/Month
24hr Claim Settlement
Key Features:
  • Special Exit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 97.84%
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
See More Plans

Pramerica Life Insurance offers 3 affordable term insurance plans. These plans provide high coverage at a reasonable price. Pramerica term insurance plans have been designed to provide life cover and financial protection to your family at a reasonable cost. These term insurance plans provide financial assistance to your family to meet their daily requirements and achieve their goals even if you are not around. Pramerica life insurance works on a customer-centric approach and has designed insurance products that fulfills different requirements of different people.

Pramerica Term Insurance Plans

Pramerica Life Insurance has 3 term insurance plans in its armoury. These plans offer some out of the box benefits for the policyholders and their families.

1. Pramerica Life Saral Jeevan Bima: Pramerica Life Saral Jeevan Bima is a simple and basic pure protection plan. This plan provides life cover at an affordable cost. In case the life assured passes away during the policy term the family of the life assured will receive a death benefit that will help maintain a healthy lifestyle even in life assured’s absence. Under this plan you get the flexibility to choose premium payment term and policy term.

2. Pramerica Life TruShield: Pramerica Life TruShield plan is designed to take care of your family when you are no longer around. The plan returns all the premium amount on maturity if the policyholder is living and it is a pure life cover policy. The policy term is 7 years, 10 years, 12 years, 15 years, and 20 years. The minimum entry age is 18 years, and the maturity age is 65 years. The policy allows a base sum assured of minimum Rs. 5 lakhs and maximum Rs. 50 crores.

3. Pramerica Life U-Protect: Pramerica Life U-Protect policy offers a life cover without any maturity benefits. The policy pays the sum assured at the inception (in the event of the death of the policyholder), and it discontinues after that. The policy term is 10 years to 30 years, and the maximum maturity age is 65 years. The minimum sum assured is Rs. 25 lakhs, and there is no maximum limit, but it is subject to underwriting.

Pramerica Term Insurance User Reviews

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  • Applying for the Pramerica Life Term Insurance Policy with InsuranceDekho was incredibly easy and convenient, ...

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    Pramerica
    By Swapnil Goswamy
    On: Sep 13, 2023
  • I wanted to purchase a plan that did not overshoot my budget and provided me good coverage so I contacted the ...

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    Pramerica
    By Abhay Raj
    On: Aug 28, 2023
  • I wanted to renew my Pramerica Life Term Insurance Policy from InsuranceDekho. I contacted the helpline number...

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    Pramerica
    By Ruby Mehta
    On: Aug 23, 2023
  • The Pramerica Life Term Insurance Policy provided me with great coverage benefits. Also, I can avail of tax be...

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    M
    Pramerica
    By Manu Sharma
    On: Aug 16, 2023
  • InsuranceDekho's website is really amazing. I found their articles to be highly informative and educative, pro...

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    Pramerica
    By Nishtha Saini
    On: Jul 25, 2023
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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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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.