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Pramerica Life Term Insurance Plans

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Pramerica Life Term Insurance
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

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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Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Final Plan Eligibility will depend on some other factors including tobacco habits, education, occupation and income of the life assured / proposer

Best Pramerica Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
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
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
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User Reviews

4.9
Rating based on
103 User reviews
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What users are saying
  • All
  • 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!

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    R
    Pramerica
    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.

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    S
    Pramerica
    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.

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    M
    Pramerica
    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.

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    S
    Pramerica
    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.

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    A
    Pramerica
    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*
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  • 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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FAQs

  • 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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