Quote Form

Our representative will call you within few minutes
Term Insurance 334 views December 30, 2021
Pramerica Life TruShield Plan is a term life insurance policy that protects your family financially in case you’re not around. Some of the key features of this plan are –
Read this page below and learn more about the benefits of the Pramerica Life TruShield Plan.
Table of Contents
You and your nominee will get the following benefits under this life insurance plan.
On your unfortunate demise, the insurance company will pay the Death Sum Assured in a lump sum to your nominee.
For Limited Pay & Regular Pay Options
The nominee will get the highest of
For Single Pay Option
The company will pay the highest of –
Note – Death Sum Assured should be equal to 105% x total paid premiums (as on the date of death).
On survival till the maturity date, the company will pay an amount equal to Maturity Sum Assured. This sum assured would equal the total payable premium excluding any underwriting extras and taxes (if any).
For Single Pay – It is Single Premium excluding any underwriting extras and taxes (if any)
Additional Shield Cover – You’ll get benefits under this after the premium payment term. The Additional Shield Cover may vary for each policy year and is calculated by multiplying the annualized or single premium (as applicable).
Policy Term (In Years) | Year of Death | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
10 | 15 | 20 | 7 | 10 | 10 | 12 | 15 | 15 | 20 | |
Premium Payment Term (In Years) | ||||||||||
1 | 1 | 1 | 7 | 5 | 10 | 12 | 7 | 12 | 10 | |
Additional Shield Cover as a Multiple of Single/Annualized Premium | ||||||||||
10/10 | 15/15 | 20/20 | 1 | |||||||
9/10 | 14/15 | 19/20 | 2 | |||||||
8/10 | 13/15 | 18/20 | 3 | |||||||
7/10 | 12/15 | 17/20 | 4 | |||||||
6/10 | 11/15 | 16/20 | 5 | |||||||
5/10 | 10/15 | 15/20 | 5 | 6 | ||||||
4/10 | 9/15 | 14/20 | 4 | 7 | ||||||
3/10 | 8/15 | 13/20 | 3 | 7 | 8 | |||||
2/10 | 7/15 | 12/20 | 2 | 6 | 9 | |||||
1/10 | 6/15 | 11/20 | 1 | 5 | 10 | |||||
5/15 | 10/20 | 4 | 10 | 11 | ||||||
4/15 | 9/20 | 3 | 9 | 12 | ||||||
3/15 | 8/20 | 2 | 12 | 8 | 13 | |||||
2/15 | 7/20 | 1 | 11 | 7 | 14 | |||||
1/15 | 6/20 | 0 | 10 | 6 | 15 | |||||
5/20 | 5 | 16 | ||||||||
4/20 | 4 | 17 | ||||||||
3/20 | 3 | 18 | ||||||||
2/20 | 2 | 19 | ||||||||
1/20 | 1 | 20 |
Note – The Additional Shield Cover will not be provided in case of Reduced Paid-Up policies.
You will have a free look period of 15 days or 30 days (in case of distance marketing purchase) from the date of receipt of the policy to read the terms and conditions. And if you disagree, return the policy stating the reasons for the objection. After that, the insurer will refund the paid premiums after deducting the proportionate risk premium for the period on risk cover and any expenses incurred by the company on stamp duty and medical examination.