Pramerica Wealth+ Ace Plan

Pramerica Life Wealth+ Ace, a Single Premium Unit Linked Insurance Plan, assists you in achieving your financial goals by offering investment options and ensuring a secure future for your loved ones.

kapil-sharma
  • 4.8++ Rated
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
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We are rated++
rating
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold

Key Features

  • This is a one-time payment plan.

  • Persistency Units are added after the 10th policy year and every 5 years thereafter.

  • With the Systematic Transfer Option, the policyholder can choose to invest a part of his investment monthly in a low-risk fund to avail the benefit of rupee cost averaging.

  • The premium is invested in Liquid Fund, which is available only under the STP Option, after which the units are allocated to chosen funds from the Liquid Fund.

The following 5 funds are available for investment

  • Debt Fund

  • Balance Fund

  • Growth Fund

  • Large Cap Equity Fund

  • Liquid Fund

Benefits

  • Persistency Units are added @ 1.5% for the premium range 65,000 – 2 lakhs and 2% for premiums 2 lakhs and above the average Fund Value in the last 3 years prior to the additions.

  • The insured will get the total Fund Value on Maturity, including the persistency units added.

  • The Fund Value on Maturity can be availed in installments over a period of 5 years post Maturity under the Settlement Option.

  • On the death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105% of all premiums paid till death is payable.

  • If the age attained was more than 60 years, higher of the Sum Assured (-) withdrawals made after age 58 or the Fund Value subject to a minimum of 105% of all premiums paid is payable.

  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

Minimum   Maximum 
Entry Age (Last Birthday) 8 Years for Policy Term, 10 Years, 3 Years for Policy Term, 15 Years, 90 Days for Policy Term, 20 or 25 Years 65 Years
Maturity Age (Last Birthday) - 75 Years
Policy Term (PT) in years 10 25
Premium Paying Term (PPT) in years Single Pay
Yearly Premium 65,000 Depends on Maximum Sum Assured, subject to underwriting
Sum Assured 1.25 times single premium  10 crores

Details about Premium

Premium in Rupees and Benefit Illustration for a term of 20 years and PPT for 5 years

Age 40 years 50 years 60 years
Premium 100,000 100,000 100,000
Sum Assured 125,000 110,000 110,000
Fund Value @ 4% 114,012 114,092 112,057
Fund Value @ 8% 167,951 168,085 167,455

Policy Details

Grace Period: grace period is not applicable for single premium policies

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund, where it will earn a minimum of 4% p.a. growth. After the completion of 5 years, the fund value in the Discontinued Policy fund as of that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

Free Look Period: If you are not pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

  • Partial withdrawal is allowed every year after 5 completed policy years with a minimum value of Rs.10,000.

  • 4 free Switches are allowed every year for switching between funds.

Additional Features or Riders

  • DHFL Pramerica Unit Linked Accidental Death Benefit Rider is available under the plan, which can be added at inception or at any time during the policy term

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Exclusions

  • The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as of that date.

  • For the rider's benefit, accidental deaths due to any self-inflicted injury, acts of criminal nature, war, aviation, participation in hazardous activities, alcohol abuse, etc., are excluded

Explore More Under Pramerica ULIP Plans

Documents Required

Policyholder has to fill up an 'Application form/ proposal form' with an accurate medical history and submit KYC documents.


˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1286 Reviews)

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Pramerica Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
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