Pramerica Life Insurance Policy

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What is Pramerica Life Insurance Policy?

The Pramerica Life Insurance Policy has its Headquarters in Gurgaon and it is an insurance company in India. It provides a whole range of solutions to the individuals and helps them to build a corpus amount by which they can meet their life’s short as well as long term medical needs.

Either from urban or from rural areas, the distribution network of the company caters for the needs of each and every customer all over the country. Also, the Pramerica Life Insurance Company is the very first insurance company in the country that has two distribution channels and they cater to the burgeoning needs of the people. 

Pramerica Life Insurance Policy


Pramerica Life Insurance Policy Product Portfolio

In the Pramerica Life Insurance Policy, the life insurance products are categorized into child progress plans, protection plans and savings plans as well. 

Pramerica Life Insurance Plans- These are no doubt the cheapest plans and they provide protection to your family in case of an unfortunate event. 

Type of Plan Assured Sum About Tenure
Pramerica Life Family Income Plan depends on amount It provides families with a monthly income. 5- 30 years
Pramerica Life U-Protect Plan Rs. 25,00,000 It offers the benefits of lower premiums.  10- 30 years
Pramerica Family First 20 times the monthly income It offers death benefits to the beneficiaries. 10- 30 years
Pramerica TruShield Rs. 5,00,000 It offers an additional shield cover 10, 15 and 20 years


Pramerica Life ULIP Plans- These plans provide you with a lot of flexibility to customize your plan and also provide you with growth via market-linked investments.

  • Pramerica Life Smart Wealth+Plan
  • Pramerica Life Wealth+ ACE Plan

Pramerica Life Child Plans- These plans keep your child’s education expenditures secured as they offer simple and affordable education plans.

Plan Name Assured Sum About Tenure
Pramerica Life Future Idols Gold+Plan Rs. 1,50,000 It covers the expenses of a child’s education even in the worst situations. 15, 20 and 25 years
Pramerica Life Rakshak+Plan Rs. 1,00,000 It offers death benefits such as accrued annual and sum assured additions 10, 15 and 20 years
Pramerica Rakshak Gold Rs. 1,00,000 It provides death benefits in case of a policyholder’s death till the term ends 12 and 18 years
Pramerica Smart Fee Protect Rs. 1,68,000 It secures your child’s future with a monthly income. 10 and 15 years


Pramerica Life Investment Plans- These policies give all the advantages as well as benefits of a well comprehensive insurance cover to the policyholder or the beneficiaries. It also gives an assurance of a guaranteed return.

Plan Name Assured Sum About Tenure
Pramerica Life Flexi Cash Plan Rs. 1,70,000 It offers the choice to prepone the maturity benefits. 15, 25 and 35 years
Pramerica Life Smart Cash Protect Plan Rs. 1,25,000 It provides a regular income to the policyholders. 12, 15 and 20 years
Pramerica Life Sahaj Suraksha Plan Rs. 1,00,000 It covers life insurance with substantial savings 15 and 20 years
Pramerica Life Roz Sanchay Plan Rs. 1,00,000 It offers maturity benefits 16 and 21 years
Pramerica Premier Gain  Rs. 3,50,000 It offers around 10 times the premium. 10, 15, and 20 years


Pramerica Life Pension Plans- It includes one plan under it and it is named Pramerica Life Aajeevan Samriddhi.

Pramerica Life Insurance Policy Distribution Network

The Pramerica Life Insurance Policy has a really strong network including agents and third-party distributors to sell their insurance plans in the market. Not only offline but the life insurance products of Pramerica Life Insurance Policy are available online too. 

Pramerica Life Insurance Policy Claim Settlement Ratio

Year 2013-14 2014-15 2015-16 2016-17
Claim Settlement Ratio 22.4 57.19 83.64 90.87
Total Premium ( in crores) 305.86 735.1 920.21 1142.1

FAQs About Pramerica Life Insurance Policy

What are the different modes of payment to pay a premium?

You can pay your premium through: – 

  • NEFT transfer
  • ECS
  • Cash or cheque

How can I check my Pramerica Life Insurance Policy status?

You can check your Pramerica Life Insurance Policy Status by logging into your personal account with your user Id and password and then, by clicking on the Policy details.

What is the process of the company to settle down the claim?

For settling the claim, a person needs to fill and submit the necessary documents for the category of claim with a passport size photograph and a cancelled cheque. After receiving the set of documents, the company will settle the claim within some time.