Pramerica Life Future Idols Gold+ is a traditional insurance plan designed to take care of the child’s future if the policyholder is not around by creating a corpus to meet the child’s future needs
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
50 years |
Maturity Age (Last Birthday) |
- |
65 years |
Policy Term (PT) in years |
15, 20, 25 |
|
Premium Paying Term (PPT) in years |
8 |
25 |
Premium Paying Frequency |
Annual, half-yearly, monthly |
|
Premium |
10,800 |
Depends on age, SA, term and PPT |
Sum Assured |
150,000 |
5 crores |
Annual premium in Rupeesfor a male with SA 150,000
Policy Term |
15 years |
20 years |
25 years |
|||
PPT |
8 Pay |
10 Pay |
12 Pay |
20 Pay |
15 Pay |
25 Pay |
Age 35 yrs. |
24,324 |
21,045 |
17,454 |
13,356 |
14,598 |
11,121 |
Age 45 yrs. |
25,547 |
22,463 |
19,539 |
15,087 |
- |
- |
Grace Period: 30days’ grace period is allowed for premium payment in all modes. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy and receive the Surrender Value if at least 3 full years’ premiums have been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.
GSV = GSV % of Premiums paid + GSV% of vested reversionary Bonuses
Free Look Period: If you would not be 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.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.