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Pramerica Life Insurance Limited
Pramerica Life Insurance, headquartered in Gurugram, Haryana, offers a wide range of life insurance solutions for individuals and groups. The company operates through 131 branches across India and multiple distribution channels to meet customers' diverse financial needs. With more than 2,000 employees and Assets Under Management (AUM) exceeding ₹7,000 crore (as of December 31, 2022), Pramerica aims to build a secure and stress-free future for its policyholders. It has a strong presence among India's armed forces, offering dedicated life insurance support to soldiers, veterans, and their families since 2009.
51 Partners Insurance Partners
10.5 Crore Registered Consumer
5.3 Crore Policies Sold
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Pramerica Life Insurance – An Overview
Pramerica Life Insurance Limited (PLIL) is a joint venture between Piramal Capital and Housing Finance Limited (PCHFL) and Prudential International Insurance Holdings, Ltd. (PIIH), a wholly-owned subsidiary of Prudential Financial, Inc. (PFI), USA. This partnership brings together two legacy-rich financial institutions with decades of experience in insurance and financial services. PCHFL emerged from the merger of Dewan Housing Finance Corporation Ltd. (DHFL) and Piramal Capital, forming a stronger entity under the Piramal banner. This joint venture reinforces Pramerica's credibility and long-term commitment to delivering quality insurance services across India.
Highlights of Pramerica Life Insurance Limited
| Branches | 134 (PAN India) |
| Employees | 2290 |
| Assets Under Management (as on 30th June 2025) | Rs. 10,091.37 Crores |
| Solvency Ratio | 3.99% |
| Claim Settlement Ratio (CSR) FY 2024-25 | 99.18% |
Pramerica Life Insurance Plans
Pramerica Life Insurance provides a wide range of insurance products for groups and individuals. This insurer caters to customers' various financial needs, such as retirement planning, securing their child's future, wealth creation, and savings.
Let’s discuss each policy offered by Pramerica life Insurance company in detail:
Pramerica Life Insurance Limited Term Plans
Pramerica Life Insurance Limited Protection plans are specifically designed to provide complete protection and financial stability to your family in case of an eventuality.
| Pramerica Protection Plans | Entry Age (Min-Max) | Maturity Age | Policy Term | Sum Assured |
| Pramerica Life Saral Jeevan Bima | 18-65 years | 70 years | For regular: 5 to 40 years For Limited: 6 to 40 years PPT 11 to 40 years for 10 years PPT For single premium: 5 to 40 years |
Minimum: 5 Lakhs Maximum: 25 Lakhs |
| Pramerica Life U-Protect Plan | 18 years – 55 years | 65 years | 10 years to 30 years | Minimum: Rs. 25 Lacs Maximum: No limit |
| Pramerica Life TruShield Plan | 18 years – 55 years | 65 years | 7, 10, 12, 15 or 20 years | Minimum: Rs. 5 Lacs Maximum: Rs. 50 Crores |
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Pramerica Life Saral Jeevan Bima
It is a non-linked, nonparticipating individual pure-risk premium life insurance policy that provides your family with a safety net at low premium rates and nurtures their life goals.
Key Benefits
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Flexibility to choose policy terms from 5 to 40 years as per your protection requirements
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Tax benefits can be availed as per the prevailing laws of the Income Tax Act, 1961.
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In case of the unforeseen death of the life assured, provided the policy is in force, the death benefit would be ‘sum assured on demise’. However, death because of an accident will only be covered during the 45 days waiting period from the commencement risk date. In case of death, other than because of an accident during the waiting time, an amount equivalent to 100% of all the premium amounts received shall be paid (excluding taxes, if any).
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A grace period of 30 days in the case of yearly and half-yearly premium payment modes and 15 days in the case of monthly mode.
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Pramerica Life U-Protect Plan
This plan provides pure life insurance coverage for the benefit of your family. It is a non-linked nonparticipating term insurance plan that ensures that your loved ones are secure and lead a comfortable life, even when you are not around.
Key Benefits
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Comprehensive insurance protection at low premium rates
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Unique premium charges for males and female lives
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Low premium rates for maintaining a healthy lifestyle such as non-smoking habits
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Tax savings benefits
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In case of unforeseen demise of the policyholder within the policy tenure, the policy will pay the sum assured amount chosen at commencement.
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Pramerica Life TruShield Plan
This plan is designed to take care of your family’s financial requirements in case of your unfortunate demise. It provides pure life insurance coverage along with a return of premium on maturity for the benefit of your family members.
Key Benefits
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Life insurance coverage with the additional shield cover payable on the unforeseen death of the policyholder.
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Flexibility to choose the option of death benefit i.e., Reducing cover or level cover as per the requirement
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Return of all the premium amount paid on the survival till the completion of the policy tenure
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Tax benefits on premium paid as per prevailing tax laws
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Pramerica Life Insurance Limited ULIP Plans
| Pramerica ULIP plans | Entry Age (Min-Max) | Maturity Age | Policy Term | Sum Assured |
| Pramerica Life Smart Wealth+ | 8 years to 55 years | 75 years | 20 years | 5 Pay – 10 or 7 times the annual premium depending on age 10, 15 or 20 Pay – 10 times the annual premium |
| Pramerica Life Wealth+ ACE | 90 days to 65 years | 75 years | 10,15,20 or 25 years | 1.25X of single premium Subject to maximum of Rs 10 Crore |
| Pramerica Life Wealth Enhancer | 1 years to 70 years | 18 years to 75 years | 5 to 20 years | Option A: 10X Single premium Option B: 1,25X Single Premium |
| Pramerica Life Wealth Maximiser | 90 days to 65 years | 18 years to 75 years | For limited or regular pay: 5 to 30 years For Single Pay: 5 to 10 years |
Minimum: For Single pay: 1.25X SP For Regular/Limited Pay: Higher of 10XAP or 0.5 X PT X AP |
| Pramerica Life Wealth Maximiser | 90 days to 65 years | 18 years to 75 years | For limited or regular pay: 5 to 30 years For Single Pay: 5 to 10 years | Minimum: For Single pay: 1.25X SP For Regular/Limited Pay: Higher of 10XAP or 0.5 X PT X AP |
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Pramerica Life Smart Wealth+ Plan
A Unit-linked, non-participating life insurance plan offers the following benefits:
Key Benefits
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Flexibility to select a regular or limited premium payment term
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Wealth creation for your planned goals in life
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Loyalty additions as persistency units
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5 funds provide different growth levels depending on your risk appetite
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Fund conversation at maturity option to protect the fund value from market fluctuations.
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Pramerica Life Wealth+ ACE Plan
Pramerica Life Wealth+ ACE Plan is a single premium ULIP plan, that helps you fulfilling your planned goals by creating investment opportunities, thus facilitating a protected and secure future for your family.
Key Benefits
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Invest at one time and get various benefits across the policy tenure
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The insurer adds persistency units to your unit account at the last of every 5th policy year starting from the 10th policy tear provided they fall within the policy tenure.
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Get the option to invest fixed amounts on monthly basis using a ‘Systematic Transfer Plan’.
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Pramerica Life Wealth Enhancer
It is a non-linked non-participating single premium life insurance plan that is a perfect combination of protection and savings.
Key Benefits
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One-time payment and enjoy benefits up to 20 years
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Wealth Additions started from 1st year of policy and wealth boosters are also available at regular intervals
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Tax benefits on premium paid
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Fund Conservation at maturity option to protect your fund value from market fluctuations
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Pramerica Life Wealth Maximiser
Pramerica Life Wealth Maximiser is a non-participating, non-linked life insurance plan which offers different benefits to choose from.
Key Benefits
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Flexibility to select from single, regular or limited premium payment terms
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Benefits of reduced charges can be availed of on opting for higher amounts of premium
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Rewards on opting longer term
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Increase your life cover and funds by adding top-up premium
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Option of fund conservation at maturity to protect the fund value from market fluctuations
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Pramerica Life Insurance Child Plans
Pramerica Life child plans help you secure your child’s education expenses by offering you affordable and simple education plans.
| Pramerica Life Child Plans | Entry Age (Min-Max) | Maturity Age | Policy Term | Sum Assured |
| Pramerica Life Rakshak Smart | 91 days to 60 years | 18 years to 80 years | 12, 15 and 20 years | Minimum: 1,50,000 Maximum: No Limit |
Pramerica Life Rakshak Smart
It is a non-linked non-participating individual life insurance plan with guaranteed benefits.
Key Benefits
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Life insurance coverage during the policy tenure to secure your family
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Choose from 2 plan options: Life option and Enhanced life option
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Flexibility to receive guaranteed income in yearly or monthly installments during the payout time
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Tax benefits on premiums paid as per prevailing tax laws
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Guaranteed benefits under the policy and all due premium amounts are paid in full
Pramerica Life Savings Plan
| Pramerica Life Savings Plan | Entry Age (Min-Max) | Maturity Age | Policy Term | Sum Assured |
| Pramerica Life Secure Savings Plan | 5 year to 60 years | 18 years to 73 years | 13 years | 11X Annualized premium |
| Pramerica Life Smart Income | 8 years to 60 years | 18 years to 75 years | 7 years to 20 years | 11X Annualized premium |
| Pramerica Life Smart Assure | 8 years to 60 years | 70 years | 10,12,15,16,18,20,22,24 years | Minimum: Limited Pay- Rs 75,000 Regular Pay- Rs 1,00,000 Maximum: No Limit |
| Pramerica Flexi Cash Plan | 8 years to 60 years | 75 years | 15,25,35 years | For Policy Term 15 Years Rs 1,70,000 For Policy Term 25 and 35 Years Rs 2,00,000 |
| Pramerica Life Smart Cash Protect | 18 years to 55 years | 90 years | 47,55,67 years | Minimum: Rs. 125000 Maximum: No Limit |
| Pramerica Life Roz Sanchay | 8 years to 50 years | 66 years | 16,21 years | Minimum: Term: 16 Years Rs 80,000 Term: 21 Years Rs 1,20,000 Maximum: Rs 5 Crore |
| Pramerica Life Magnum Assure | 18 years to 55 years | 65 years | 10 years or 15 years | - |
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Pramerica Life Secure Savings Plan: The secure savings plan is savings cum protection plan that provides assured income yearly and a lump sum saving booster payable during the final income installment.
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Pramerica Life Smart Income: It is a non-participating guarantee yearly income plan that offers a yearly income and flexible premium payment options throughout the tenure of the policy.
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Pramerica Life Smart Assure: Under this plan, in case of unforeseen demise of the life assured during the policy tenure subject to the policy in force for whole risk benefits, the insurer will pay the death sum assured amount plus the accumulated maturity.
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Pramerica Flexi Cash Plan: It is an insurance plan that provides the choice to prepone the maturity benefits that also includes guaranteed loyalty benefits. It also offers options of limited pay in which life assured is required to pay premiums only for 5, 10, and 15 years.
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Pramerica Life Smart Cash Protect: It is a long-term endowment insurance plan that offers regular cash benefits every year along with life cover to help in fulfilling the financial plans.
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Pramerica Life Roz Sanchay: This is a guaranteed endowment plan that provides life insurance coverage along with the chance to make subsidiary savings. It also provides an increasing protection cover as a death benefit of 150 percent of the base SA.
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Pramerica Life Magnum Assure A non-participating non-linked endowment plan that provides 10 times the annual premium as death benefit and high returns with the insurance cover.
Pramerica Life Insurance Limited Retirement Plans
Pramerica Life Saral Pension
It is a non-linked non-participating individual immediate annuity plan that puts all your savings into an annuity to provide you with a guaranteed regular income in your retirement time.
Pramerica Distribution Network
Pramerica Life Insurance company has a strong network of agents and third-party distributors to sell insurance plans in the market. Pramerica products are also available online through insurance aggregators.
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
Pramerica Life Insurance Customer Care Number
Looking to contact the insurer? Whether you have questions about premiums, claims, or general policy queries, the support team can help.
Pramerica Life Insurance customer care number:
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1860 500 7070 (local charges apply)
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011 4818 7070
Customer service is available from Monday to Saturday, 9:00 AM to 7:00 PM.
WhatsApp Support
Message on WhatsApp at +91 92892 07070 for quick responses.
Email Support
For written communication, reach out to contactus@pramericalife.in.
Head Office Address
Tower-B, 4th Floor, Building No. 9, Cyber City,
DLF City Phase-III, Gurugram, Haryana – 122002
Branch Timings
Planning a branch visit? Here are the working hours:
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Monday to Friday: 9:30 AM – 6:00 PM
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Saturday (except 2nd Saturday): 9:30 AM – 1:30 PM
Customers can also use the official Pramerica Life Insurance website to locate branches, update policy details, or initiate a claim request online.
How to Check Your Pramerica Life Insurance Policy Status?
Online Portal
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Visit the official Pramerica Life Insurance website.
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Go to Customer Services or Customer login.
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Log in using your registered mobile number, email, policy number, or username, along with your date of birth.
Toll-Free Call
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Call Pramerica Life Insurance customer care number: 1860 500 7070 (local charges apply) or 011‑4818 7070 between 9:30 AM and 6:30 PM (Monday to Saturday).
SMS Service
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From your registered mobile, send
POLINFO <8‑digit policy number> to 5607070 to receive your policy status, premium due date, and payable amount via SMS. -
Other SMS commands include:
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FUNDVAL <policy number> for fund value
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UNITST <policy number> for unit statement
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PRMCERT <policy number> for premium certificate
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Send a message (e.g. "Hello") to +91 9289207070 from your registered number to get updates.
Email Support
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Email contactus@pramericalife.in with your policy number and query.
Branch Visit
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You can locate your nearest branch using the "Locate Us" section on the website. Visit with your policy number and ID to get assistance.
Pramerica Life Insurance Login – How to Access Your Policy Online
To check your policy details, premium status or download documents, use the Primerica Life Insurance login portal at customer.pramericalife.in.
Steps to Log In:
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Registered Mobile Number
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Enter your 10-digit mobile number and date of birth
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Click on “Generate OTP”
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Enter the OTP received on your phone to log in
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Policy Number
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Enter your Pramerica Life policy number and date of birth
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Click “Generate OTP" and use the OTP to log in
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Registered Email ID
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Input your email ID and date of birth
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Generate OTP and complete login
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User ID
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If you have a user ID created earlier, you can log in directly with that and your password.
If you forget your Password or User ID, you can easily recover them by clicking on “Forgot Password" or "Forgot User ID" on the login page.
FAQs
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How to pay a premium? What are the modes of payment available?
Ans: The following modes for payment are available for Pramerica Life Insurance:- Online or NEFT transfer
- Through ECS
- Through Cash or cheque at the nearest branch office.
- At SBI branches
- At Axis branches
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How can I check policy status?
Ans: Policy status can be checked by login into the personal account with the help of user Id and password and then clicking on the Policy Details tab. -
What is the policy renewal process of Pramerica Life Insurance?
Ans: For renewing a policy under Pramerica Life Insurance, there are 2 basic options:- Paying online
- Cheque pick up facility
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What is the company’s process to settle the claim?
Ans: For settling the claim, you need to fill in and submit the mandatory documents as listed on the website for the particular category of claim, along with a cancelled cheque and a passport size photograph. Upon receiving the set of documents, the company endeavors to settle the claims within a time frame of 30 days. -
What is the policy cancellation process?
Ans: For cancellation of any existing policy, you must fill in the surrender form, fill it up completely and dispatch it to the head office. Necessary documents need to be attached with it such as mentioned in the policy along with surrender charges. Upon receiving the above, the policy will be cancelled on records for the holder. For new users, a period of 15 days is given, wherein you can surrender the policy, clearing stating the reason for the same.
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˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 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
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
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