Pramerica Life Term Insurance Plans
Claim Settlement Ratio | 98.61% |
Customer Care | Mon to Sat 9:30 AM to 6:30 PM |
Death Benefit Paid For | 560 Policies |
Inception | 2013 |
Presence | 138 Offices |
Total Death Benefit Paid | 22.44 Crore |
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.
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Best Pramerica Life Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
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- 80 Lacs+ happy customers
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FAQs
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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.
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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.
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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.
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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.