Pramerica Life Traditional Plans

Pramerica Life Insurance, headquartered in Gurgaon, India, was launched in the year 2008. Pramerica Life Insurance Company, along with its major stakeholders, holding about 74% of the company's shares, has evolved as one of India's major insurance service providers. The company offers a variety of products in the form of Term Plans, Child Plans, Savings, and Investment Plans, which are available in both conventional, or ULIP forms and pension plans.

Read more
Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

With about 138 branches spread over India and over 2586 employees, the company has managed to strive as one of the best insurance service providers to the people of India.

Pramerica Life Insurance Limited, based in Gurugram, Haryana, offers a variety of life insurance options to individuals and groups. With 131 branches across India and multiple distribution channels, they cater to the diverse financial needs of their customers. As of December 31st, 2022, they have over 2000 employees and INR 7000 Crores in Assets Under management. The company strongly emphasizes supporting the Indian Armed Forces, CAPF, and Paramilitary and has been a leading provider of life insurance for these groups since 2009. Pramerica Life Insurance is backed by two major companies, Piramal Capital and Housing Finance Limited and Prudential International Insurance Holdings Ltd., both of which have a long history of business success.

What are Traditional / Investment Plans

Traditional plans, also called Conventional Insurance Plans, are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium are not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity, or as money back. Traditional Investment Plans have some of the basic features that are mentioned below:

  • These plans are issued for a longer-term perspective, and money cannot be withdrawn from the plans.

  • In case of stopping the premium payment, the plan becomes paid up if at least three full years' premiums have been paid. A paid-up plan has a reduced Sum Assured, and the policyholder has a choice to either run the plan at the reduced coverage or surrender the plan.

  • The plans may be offered as participating or non-participating plans. Participating plans are entitled to participate in the company's profits and earn bonuses, which is not true for non-participating plans.

  • The plans may be issued either as Endowment Plans or Money Back Plans

Pramerica Life Traditional / Investment Plans

Pramerica Life Insurance Company offers its customers various types of Traditional / Investment Plans with attractive features and benefits. Here is the detailed list of plans, along with their respective features and benefits.

Pramerica Life Aajeewan Samriddhi:

A participating insurance plan with the following benefits:

  • Offers whole life cover till the age of 99.

  • Offers guaranteed accrued additions as well as bonuses at the time of maturity of the plan.

  • Offers survival benefits consisting of accrued reversionary bonuses and accrued annual guaranteed additions. These benefits are paid to the policyholder once he reaches 65 years of age.

  • Offers maturity benefits consisting of Basic Sum Assured and Total bonus. These benefits are paid to the policyholder once he reaches 99 years of age.

  • Offers convenient and flexible premium payment terms of 15 years or 20 years, depending upon the suitability of the customer.

  • Offers death benefits in case of the untimely death of the plan holder. The benefits are to be given depending upon the total policy term and the expired term of the policy.

Eligibility:

Parameters Minimum Maximum
Age 8 years 50 years for a 15-year policy, 45 years for a 20-year policy
Maturity Age Nil 99 years
Premium Payment Term 15 years and 20 years
Premium Paying Mode Annually, Semi-Annually, and Monthly
Premium Amount Rs.5500 Varies upon the age at entry, minimum premium, and basic Sum Assured
Sum Assured Rs.7500 No Limit

Pramerica Life Flexi Cash:

A non-participating endowment plan with the following benefits:

  • Offers the flexibility to prepone the maturity date during the Flexi Benefit period.

  • Build a savings fund by earning bonuses at the end of your policy term, and receive 10% of your annual premium every year starting from the second policy year, but only during the premium payment period. (changed)

  • Offers limited premium payment term, whereby the premium has to be paid for 5, 10, or 15 years.

  • In case of death, a higher of the Sum Assured or 10 times the annual premium (for entry age below 45 years) or 7 times the annual premium (for entry age above 45 years) is paid, including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

  • On maturity, the Sum Assured and accrued non-guaranteed reversionary bonuses and terminal bonuses, if any, are paid to the policyholder.

Policy Term
ENTRY AGE  15 year 25 year 35 years
Minimum Age 18 18 18
Maximum Age 60 50 40
Maximum Maturity Age 75 years
Policy Term 15 25 35
Minimum Sum Assured Rs.1,70,000 RS.2,00,000 Rs.2,00,000
Minimum Premium Rs.17,000
Premium payment term 5 years 10 years 15 years
Premium Payment modes Yearly, Half-Yearly, and Monthly

Pramerica Life Magnum Assure:

A Non-Linked Non-Participating Endowment Life Insurance Plan benefits:

  • On maturity, the Sum Assured is paid to the policyholder.

  • Offers regular monthly income equal to a payout period that begins from the month of death of the policyholder or the maturity date of the plan.

  • Payouts can be opted for in the form of a lump sum payment or as a regular monthly income by the nominee in case of the death of the buyer.

  • The Death Benefit amount will be the highest value among the Base Sum Assured or the Maturity Sum Assured or 10 times the annual premium or 105% of the total premiums paid to date (excluding underwriting fees) till the time of death.

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

Eligibility:

Parameters Minimum Maximum
Age 18 years 55 years for 10 years policy 50 years for 15 years policy
Maturity Age Nil 65 years
Premium Payment Term Regular Pay
Premium Paying Mode Yearly and Monthly mode
Premium Amount Rs.48,000 NO LIMIT
Payout period 120 months for a 10-year policy, 180 months for a 15-year policy
Policy Term 10 or 15 years

Pramerica Life Premier Gain:

A participating endowment pan with the following features:

  • On maturity or death, the Sum Assured, along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any, is paid to the policyholder or to the nominee of the plan.

  • In case of death, a higher of the Sum Assured or 10 times the annual premium is paid, including the Guaranteed Additions, subject to a minimum of 105% of all premiums paid till the date of death.

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

  • Offers guaranteed bonus additions as well as comprehensive insurance cover.

Eligibility:

Policy Term

Policy Term 10 year 15 year 20 year 25 year
Minimum Age 8 years 3 years 91 days 91 days
Maximum Age 50 years 55 years 50 days 45 days
Minimum Premium Rs.75000 Rs.50000 Rs.50000 Rs.50000
Premium payment term 5,7 years 7, 10 years 7, 10, and15 years 10, 15, and 20 years
Premium Payment Mode Annually Annually, Semi-Annually, or Monthly
Maximum Maturity Age

70 years

Minimum Sum Assured

Rs.3,50,000

Maximum Sum Assured

No Limit

Maximum premium

No Limit

Pramerica Life Roz Sanchay:

Non-Linked Non-Participating Endowment Life Insurance Plan benefits: 

  • Upon maturity, the policyholder will receive 150% of the Base Sum Assured along with the Accrued AGAs, as long as the policy is in effect and all required premiums have been paid in full, resulting in full benefits.

  • In case of death, higher of the Sum assured or 10 times the annual premium (for entry age below 45 years) or 7 times the annual premium (for entry age above 45 years) or 150% of the basic sum assured is paid, including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

  • Offers guaranteed bonus additions as well as comprehensive insurance cover.

  • Offers limited premium payment term, whereby the premium has to be paid for 12 or 16 years.

Eligibility:

Parameters Minimum Maximum
Age 8 years 50 years for a 16-year policy, 45 years for a 21-year policy
Maturity Age Nil 66 years
Premium Payment Term 12 years for a 16-year policy, 16 years for a 21-year policy
Premium Paying Mode Annually, Semi-Annually, and Monthly
Sum Assured Rs.80,000 for a 16-year policy, Rs.1.2 lakhs for a 21-year policy Rs. 5 Crore

Pramerica Life Sahaj Surakhsha:

A participating plan that offers the following benefits are:

  • Offers whole life cover till the age of 75.

  • Offers guaranteed accrued additions as well as bonuses at the time of maturity of the plan.

  • Offers survival benefits consisting of accrued reversionary bonuses and accrued annual guaranteed additions. These benefits are paid to the policyholder once he reaches 75 years of age.

  • Offers maturity benefits consisting of Basic Sum Assured and Total bonus. These benefits are paid to the policyholder once he reaches 75 years of age.

  • Offers convenient and flexible premium payment terms of 15 years or 20 years, depending upon the suitability of the customer.

  • Offers death benefits in case of the untimely death of the plan holder. The benefits are to be given depending upon the policyholder's age at the time of plan issuance.

Eligibility:

Parameters Minimum Maximum
Age 18 years 50 years
Maturity Age 75 years
Premium Payment Term 15 and 20 years
Premium Paying Mode Annually, Semi-Annually, Quarterly, and Monthly
Premium Amount Rs. 6,144 Varies upon the age at entry, minimum premium, and premium payment term
Basic Sum Assured Rs.1,00,000 No Limit

Pramerica Life Smart Assure:

A Non-Linked Non-Participating Endowment Life Insurance Plan

  • Offers maturity benefits consisting of Maturity Sum Assured and Maturity additions.

  • In the event of death, the beneficiaries will receive the higher of the sum insured or the annualized premium multiplied by either 11 (for entry age below 45) or 7 (for entry age above 45), along with any accumulated maturity additions, with a minimum payout of 105% of all premiums paid until the date of death.

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

 

Policy Term
10 year 15 year 20 year
Minimum Age 8 8 8
Maximum Age 60 55 50
Maximum Maturity Age 70 years
Policy Term 10 15 20
Minimum Sum AssuredMaximum Sum Assured Rs. 75,000 for limited pay and Rs. 1,00,000 for regular pay

No Limit, Subject to Underwriting

Minimum Premium Rs. 4,806
Maximum Premium No limit, subject to underwriting
Premium Payment modes Yearly, Half-Yearly, Quarterly, and Monthly

Pramerica Life Cash Protect:

A participating endowment plan with the following benefits:

  • On maturity, survival benefits along with Bonus Income and guaranteed income amounting to 6% of the sum assured is paid to the policyholder.

  • Maturity benefits up to 50% of the Sum Assured, along with a bonus, is paid.

  • In case of death, higher the 50% of the Sum assured or 11 times the annual premium is paid, including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

Eligibility:

Policy Term
12 year 15 year 20 year
Minimum Age 23 20 18
Maximum Age 55 55 50
Maximum Maturity Age 85 90 90
Premium Payment Term 12, 15, and 20 years
Minimum Sum Assured Rs. 1,25,000
Maximum Sum Assured No Limit
Minimum Premium Rs. 12,000
Maximum Premium No Limit
Premium Payment modes Yearly, Half-Yearly, and Monthly

Pramerica Life Smart Income:

A Non-Linked Non-Participating Endowment Life Insurance Plan features: 

  • On maturity, an annual payout for a duration equal to the payout period.

  • If the life insured passes away during the policy period, the company will provide a lump sum benefit equal to the death sum assured.

  • If an individual passes away, the amount paid out will be either the higher of the original sum insured or the maturity sum insured or 105% of all premiums paid until the date of death (excluding any additional premiums for underwriting).

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

Eligibility:

Parameters Minimum Maximum
Age 8 years 60 years
Maturity Age 18 years 75 years
Policy Term 7 years 20 years
Premium Payment Term Varies
Premium Paying Mode Annually, Semi-Annually, and Monthly
Payout Period Equal to premium payment term
Premium Amount Rs. 17,142 No Limit
Sum Assured 11 times the annualized premium

Pramerica Life Smart Money Back:

A participating endowment plan offers the following benefits:

  • Offers maturity benefits consisting of Basic Sum Assured and Total bonus.

  • In case of death, a higher of the Sum Assured or 11 times the annual premium is paid, including the Guaranteed Additions, subject to a minimum of 105% of all premiums paid till the date of death.

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

Eligibility:

Policy Term
16 year 20 year
Minimum Age 8 8
Maximum Age 49 45
Maximum Maturity Age 65
Premium Payment Term 5 or 7 7 or 10
Minimum Sum Assured Rs.1,20,000
Maximum Sum Assured No Limit
Minimum Premium Rs.15,000
Maximum Premium No Limit
Premium Payment modes Yearly, Half-Yearly, and Monthly

Pramerica Life E Save:

An online non-participating endowment plan with the following benefits:

  • Offers maturity benefits as well as death benefits.

  • Offers guaranteed additions.

  • Offers Loan facilities to the policyholder in case of financial emergencies.

  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

  • It is available online.

Eligibility

Policy Term
10 year 15 year 20 year
Minimum Age 18 18 18
Maximum Age 55 50 40
Maximum Maturity Age 65 years
Premium Payment Term Regular pay
Minimum Sum Assured Varies upon the age at entry, minimum premium, and premium payment term
Maximum Sum Assured No Limit
Minimum Premium Rs. 20,000
Maximum Premium No Limit
Premium Payment modes Yearly, Half-Yearly, Quarterly, and Monthly

Applying for a Traditional / Investment Plan from the company:

  1. Online

    The company offers specific plans that are available online only. The customer only needs to log into the company's website, choose the required plan, choose the coverage, and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through a credit card, debit card, or net banking facilities and the policy will be issued.

  2. Intermediaries

    Plans which are not available online can be purchased from agents, brokers, banks, etc., where the intermediaries help with the application process.

Applying For Traditional Insurance through PolicyBazaar

  • On the PolicyBazaar homepage, click on Traditional Insurance under the Personal tab.

  • Click New Quotes to compare and choose from top insurance providers.

  • Fill in your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. Based on your payout amount, you will get an estimate of your premium. Next, click Continue.

  • Fill in your name, email address, city, country code, and mobile number. Click Continue.

  • You will be taken to the Life Insurance quotes page, where you will see life insurance quotes from more than 10 insurers. Next, choose the plan as per the payment schedule – One Time Payout and Monthly Payout Plans.

  • After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.

  • You will see a pop-up on the screen that will give you an overview of the chosen plan, like premium, plan features, exclusions, additional riders, etc. Click Proceed.

  • This will take you to the insurer's website. Fill in the necessary details to buy the plan.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Average Rating
(Based on 22 Reviews)
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
Difference Between Savings and Investment Plans

17 Jun 2024

Savings and investment plans are important financial tools with
Read more
Best Long-Term Investment Plans in 2024

05 Jun 2024

In today's dynamic financial landscape, choosing the right
Read more
Lumpsum Investment

21 May 2024

Investments are broadly classified into two categories: the SIP
Read more
Government Bonds

09 May 2024

Government bonds are debt securities issued by a government to
Read more
Monthly Investment Plan

07 May 2024

Monthly Investment Plans are financial products where investors
Read more
Best NRE Savings Accounts for NRIs in 2024
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
20 Best Investment Options in India in 2024
Investing in the best investment options in India helps to maximize your returns and fulfill your immediate and
Read more
Short Term Investments Options
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
How to Change Mobile Number in Post Office Account Online?
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more

Pramerica Life Traditional Plans Reviews & Ratings

4.2 / 5 (Based on 22 Reviews)
(Showing Newest 10 reviews)
Nandini
Alapur, July 07, 2016
Traditional Plan
Traditional insurance plan i have which has less investment but the returns are high. Policy coverage is high and claims are good which easily cleared because of fast service. Online service is also easy and simple to access. Renewal and updates are easy to done on website.
Prashant
Agartala, June 28, 2016
Good
My Traditional insurance plan is very good which has low premiums. Service is damn good which provided by the executives of the company. Policy coverage is good and claims are simple to sanctioned due to fast service and hassle free documentation too. I like the insurance policy.
Bhupesh
Dwarka, May 18, 2016
Damn Good
The traditional policy plan i have from dhfl pramerica life insurance which is really nice plan. The premium is low and the policy coverage is around 92% and claims are high. Services is fast, so any work is done without waiting and no paper work. Good policy which save taxes. Daily updates send to me regularly. Fully satisfied.
Nakul
Ludhiana, May 18, 2016
Best Plan
I have dhfl pramerica traditional plan. The policy coverage is 87% and the claims are high which can be easily sanctioned. The service provided by the executives and staff members are fast and responsive. Nice policy plan which save taxes also. Good behaviour of executives and staff members is very nice. Best investment.
Mankaran
Gwalior, May 18, 2016
Nice Insurance
I have traditional insurance policy plan which i buy from dhfl prameirca life insurance. The policy coverage is 89% and the claims are good. The premiums are low and the claiming process is easy and sanctioned in short time period. The policy is good future investment and it saves taxes too.
Lakshay
Pune, May 18, 2016
Good Investment
Superb policy i buy i.e., dhfl pramerica traditional plan. The returns are good ~Rs.38 L in very low premiums ~Rs.10 K quarterly per year. Service is fast which facilitate by executives and all company members with nice behaviour and quick response. Daily updates are send to me regularly.
Kunal
Jhansi, May 18, 2016
Marvelous
My dhfl pramerica traditional plan is good with great facilities. Superb plan with good benefits, your service is fast and on time. Premiums are low and the policy coverage is 90% with good claims. Executives and staff members facilitate the services very nicely. Good experience, It save my taxes too. I like the plan.
Jiten
Howrah, May 18, 2016
Average Policy
The dhfl pramerica traditional plan i have is an average policy. The premium is good and the returns are okay. Services is bit slow and the behaviour of the staff members is good. Web services are good and working properly. Manageable plan.
Harish
Agalpur, May 18, 2016
Future Security
The dhfl pramerica traditional plan i have which provide me best service and good returns in low investment. The premiums are low and the policy coverage is 87% with high claims. The behaviour is good of executives and staff members. Good future investment which reduces taxes too. Really nice work guys. I like the policy.
Gaurav
Patiala, May 18, 2016
High Coverage
I own dhfl pramerica traditional plan. Plan is good and premium is low. Policy coverage is high ~90% and payback returns good too. Claiming amount is Rs.41 L. Service is fast like super sonic. The daily updates are mailed to me time to time. The service facilitate by the executives and staff members is very good and the behaviour is also nice.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL