Life Insurance 819 views December 21, 2020

In the uncertain world that we are living in, one of the important things that individuals should do is choose a Life Insurance Policy to protect their future as well as their family’s. Pramerica Life Insurance can be suitable for you as it provides a wide range of life insurance for individuals as well as groups to meet their different needs. Besides, it has 138 Branches across India and 2,453 employees working towards securing the life of individuals.

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This page will help you understand some of the popular types of Pramerica Life Insurance Plans along with their features. Keep reading to know more about it!

Types of Pramerica Life Insurance Plans

One of the best things about Pramerica Life Insurance is that it understands the diverse needs of its customers and thus provides different types of life insurance plans to customers. Individuals can choose a suitable plan according to their convenience. You must be thinking what are these different types of Pramerica Life Insurance Plans that you can choose? Well, these plans can be divided into Protection Plans, ULIP Plans, Child Progress Plans, Group Insurance Plans, and Savings Plans. Each of these life insurance policies provides hassle-free claim procedures to their customers.

We are showing some of the popular Pramerica Life Insurance Plans along with their features. Have a look at them so that you can understand them better!

Pramerica Life Wealth Maximiser Insurance Plan

When choosing a Life Insurance Plan, it is important to keep in mind your financial security. One of the main reasons to buy a Wealth Maximizer Insurance plan is that it provides life cover for your family with lucrative returns so that they can deal with inflation. We are showing some of the important features and benefits of this plan.

  1. Option to build your wealth for your planned milestones in life
  2. The benefit of choosing an adequate life cover according to your desired level of protection
  3. Multiple Sum Insured Options based on your maturity age
  4. Options to choose from Single, Limited or Regular Premium Payment Term
  5. Get Reduced charge benefit on higher premium amounts
  6. Persistency Units  on Longer Policy Term( Equal to 0.50% of your Fund Value’s Average including the Top-up Fund Value of preceding 36 months)
  7. Wealth Boosters in the form of extra units at the end of every 5th Policy Year (starting from the end of the 10th Policy Year)
  8. Transfer your money from Liquid Fund to the desired fund via Systematic Transfer Plan (STP)
  9. Partial Withdrawal Facility

Pramerica Life Rakshak Gold Insurance Plan

As you can see from its name, the Life Rakshak Gold Insurance Plan can be a good option for people who want to secure their family’s future in case of their absence due to some unfortunate event. Some features of this plan from Pramerica Life Insurance are mentioned below. Please check!

  1. Guaranteed maturity benefits to take care of your financial goals at the end of your policy term
  2. After every 3 policy years, annual guaranteed additions will also increase
  3. Premium Payment options to choose from 7 or 10 years
  4. Tax Benefits under different sections of the Income Tax Act, 1961
  5. Death Benefits including immediate benefit, monthly payout, and maturity benefit
  6. Loan against your policy up to 75% of the Surrender Value of your policy
  7. Availability of different premium payment modes such as Yearly, Half-yearly, and Monthly

Pramerica LifeTruShield Insurance Plan

Looking for a Life Insurance Plan that can help you fulfill the dreams of your family in case of your unfortunate demise? Well, Pramerica LifeTruShield Insurance Plan can be the right choice for you as it offers Life Insurance Cover along with the return of premium on the maturity of your policy. Here are some of its key features.

  1. Comprehensive Protection as you get Life Insurance Protection along with a Complimentary Shield Cover
  2. Choose Death Benefit Options from Level Cover or Reducing Cover
  3. On Survival till maturity, the return of all the premiums paid excluding extra premiums and taxes
  4. Choice of premium payment options for Limited Pay, Regular Pay, or as One-time payment
  5. Policy term options of 7 years, 10 years, 12 years, 15 years or 20 years
  6. Minimum entry age of 18 years with the Minimum Base Sum Assured of INR 5,00,000

Pramerica Life Wealth Enhancer Insurance Plan

This plan from Pramerica Life Insurance is a Single Payment Unit-linked Insurance Plan with which customers with a lump sum amount at their disposal can secure their family’s future. Want to know its prominent features? Well, we are showing some of them below. Please check!

  1. Enjoy benefits up to 20 years of the Policy Term by paying just for once
  2. Wealth Creation option to achieve your milestones that starts from the first year of your policy
  3. Choose an investment strategy from Defined Portfolio Strategy or Life Stage Portfolio Strategy
  4. Choose a Systematic Transfer Plan (STP) for 12 or 24 months
  5. Fund Conservation option at maturity
  6. Settlement option with which individuals can get maturity benefit in a structured way (over a period up to 60 months)

Pramerica Life Smart Assure Insurance Plan

You want to achieve several milestones in your life, such as your child’s marriage or higher education, buying a new house, etc. Do you know that you can achieve all these milestones along with a life insurance cover even in your absence with Pramerica Life Smart Assure Insurance Plan? Well, it’s the case with this insurance policy. Check out some of its features below.

  1. Guaranteed maturity benefit that includes Base Sum Assured and Accumulated Maturity additions
  2. Maturity Additions to enhance your overall wealth
  3. Life Cover option throughout your policy term
  4. Opt for a Loan against policy up to 80% of the Surrender Value of your policy
  5. Tax Benefits with the Income Tax Act, 1961
  6. Option to choose Premium Payment Term from Limited or Regular period

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