Pramerica Pension Plans

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Remain self reliant and financially confident even in the post retirement scenario with best retirement plans. Why compromise on your standard of living simply because you are no longer in service! Pramerica is a joint venture between Prudential International Insurance and , a reality major and it brings Golden Age Plans to let elderly people lead a life of quiet dignity. 

Pramerica Golden Age

Golden Age is an annuity plan to provide policyholders post-retirement benefits. Included in this pension plan is death and maturity benefits. There is complete flexibility of choosing the retirement age and there is tax-free commutation present for up to one-third fund values on retirement. The minimum annual premium for the Golden Age plan is INR 15,000. Annuity payouts are available once the policyholder reaches 45 years of age, but it is possible to defer this up to 75 years. 

annuity plan

Pramerica Golden Age Plus

The Golden Age Plus plan allows individuals to save and generate regular incomes through this annuity plan. The minimum entry age remains between 18 and 65 years. The minimum and maximum policy term for this is 10 and 57 years respectively. The modes of premium payments include annually, semi-annually, quarterly, and monthly amounts. Minimum annual accumulated amounts for this policy are INR 18,000.

Pramerica Golden Age Plus Single Premium

Golden Age Plus Single Premium as the name suggests allows individuals to choose a single premium amounts for contributions towards their retirement fund. Select vesting age between 45-75 years for a minimum 10-year term. Those who want can top on single premium amounts anytime they wish within the term period. This plan adds 2.5% of the average single premium value of the fund for the 36 preceding months to the unit account of the policyholder on 10th year-end of the policy.

You may also like to read: Future Value of Annuity Formula

Do not let the impending retirement daunt you anymore! 

Other Plans :

          Pramerica life Insurance

          Pramerica Investment Plans

Pramerica Pension Plans - FAQs

1. How to pay premium? What are the modes of payment available?

The following modes for payment are available for Pramerica Life Insurance:

  • Online or NEFT transfer
  • Through ECS
  • Through Cash or cheque at select branch office.
  • At SBI branches
  • At Axis branches

For online transaction, please visit e-portal.

2. How can I check policy status for Pramerica Pension Plans?

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. 

3. What is the policy renewal process for Pramerica Pension Plans?

For renewing a policy under Pramerica Life Insurance, there are 2 basic options:

  • Paying online
  • Cheque pick up facility

For paying online, you must visit the portal with the user id and password and enter the policy number for renewing it. Online payment options with the aid of debit card, credit card and Net banking is available.

Cheque pick up facility can also be opted, wherein the company’s staff will get the cheque from your doorsteps.

4. What is the company’s process to settle claim for Pramerica Pension Plans?

For settling claim, you need to fill in and submit the mandatory documents as listed in 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. 

5. What is the policy cancellation process for Pramerica Pension Plans?

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 needs to be attached with it such as mentioned in the policy along with surrender charges. Upon receiving of the above, the policy will be cancelled on records for the holder.

You may also like read about National Pension Scheme

For new users, a period of 15 days is given, wherein you can surrender the policy, clearing stating the reason for the same.

Written By: PolicyBazaar - Updated: 29 October 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 22 Reviews)

Pramerica Pension Plans Reviews & Ratings

4.2 / 5 (Based on 22 Reviews)
(Showing Newest 22 reviews)
Naina
Baramati, July 07, 2016
Pension Plan
Pension play's very important role after retirement, so maximum the amount which make better living. My policy has low investment but the returns are heavy. Service is also nice and even online portal service is easy to use and accessed by anyone.
Eshu
Alibag, June 28, 2016
Good Plan
The pension plan is very important insurance. I purchased it in very low premium. Service provided by you guys is very good. Policy coverage is fantastic and claims are easy to sanctioned due to fast service facilitate by the executives. Internet service is fast and easy to access.
Umakant
Lonavla, May 19, 2016
Fantastic Plan
I purchase dhfl pramerica pension plan. Policy coverage is good ~85%. Service is also nice provided by the executives and stuff and the claim sanctioning easily. The executives and staff members behave well and there work is on time. Good future investment. It save taxes too, I like my policy plan.
Tanishk
Gwalior, May 19, 2016
Marvelous
My friend advice me to invest money for my future, then i look for good deal then I purchase dhfl pramerica life insurance and have pension plan. The policy coverage is high ~93% and the claim is around Rs.41 K per month after policy get mature. Great services with fast interface. Good future investment and saving taxes. I like the policy.
Saurabh
Noida, May 19, 2016
Trustworthy
I buy dhfl pramerica pension plan. The policy has good coverage approx. 89% with low premium. Claims are also high and the returns is Rs.34 K per month after policy end. Service is fantastic and the executives do best work. Good investment for future and taxes are also reduced. Updates related policy is send to me regularly.
Rahul
Mumbai, May 19, 2016
Future Security
DHFL pramerica pension plan for my parents. The policy reimburse the complete amount when i admit in hospital. Dental related problems are not covered. Great future investment and it save taxes also. Good pension plan and great services. Nice behaviour by executives and staff members. I like the terms and conditions.
Pariniti
Haridwar, May 19, 2016
Very Good
I purchase dhfl pramerica life insurance pension plan which has low premiums which payed quarterly. Policy coverage is 82% and claims are high and the payback amount is around Rs.38 K per month. Service is very good and fast. The policy is nice investment for future and it is good tax saver too.
Omesh
Jammu, May 19, 2016
Power Plan
My dhfl pramerica pension plan is the one which i finding for long time. The policy coverage is high ~91% and the claim is around Rs.36 K per month after policy get mature. Good future investment which reduces taxes too. The service facilitate by the executives and staff members is nice and on time. The daily updates are also mailed to my id.
Nishant
Jaswant_nagar, May 19, 2016
Damn Good
Found the best pension plan for old age which i buy from dhfl pramerica life insurance . The plan is for my grandfather and he like the policy very much. The policy coverage is 90% and return is ~Rs.40 K per month. The service is good and the amount is directly transfer to mom bank account. I so stress free now. Good future investment and good benefits. Fantastic plan.
Manish
Sonipat, May 19, 2016
Awesome
DHFL pramerica pension plan is great. The policy is great with high returns and low premiums. Policy coverage is also nice ~ 83% and service is fast. Really good job guys, you provide best pension plans. The behaviour of the executives and staff members are nice.
Lalit
Jhansi, May 19, 2016
Perfect Plan
I have dhfl pramerica pension plan for my parents. My family was happy with the policy terms and conditions and its benefits too. Policy coverage is high and the premium amount is low. The amount of Rs.36 K is given per month for each of them after the policy mature. The behaviour of executives and staff members are nice. Good Job.
Karan
Nainital, May 19, 2016
Better Plan
My dhfl pramerica pension plan is good. I'm relaxed now for my future, the returning amount is 33 K per month after the policy end. The policy coverage is 89% and claims are also high with low premiums. The behaviour of the executives and staff members are really very good. Good future investment which save taxes. Terms and conditions are very nice.
Jiten
Faridabad, May 19, 2016
Above Average
DHFL pramerica pension plan is good and happy to have it. The policy coverage is ~90%. No doubt the service is good. The claiming experience i don't have yet. Good future investment with low premiums. The behaviour of executives and staff members are really very nice. The updates are send to me regularly. Good policy, good service.
Ishita
Bhopal, May 19, 2016
Good Service
I purchase dhfl pramerica pension plan. Policy is good with nice services and always on time which is provided by the executives and staff members. Policy coverage is 91% and the claim is of Rs.40 K per month after policy ends. Investment is low and returns are high. The behaviour from executives is nice. Good future investment with tax saving.
Gautam
Coimbatore, May 19, 2016
Really Good
My invest is for my future security with dhfl pramerica life insurance. I have pension policy plan. Policy coverage is 87% and claims are around 36 K per month. Service is good and executives behave well. Daily updates are mailed to me time to time. I like the policy.
Fabian
Mathura, May 19, 2016
Satisfactory
DHFL pramerica pension plan i choose by a friend advice. Plan is an average one with okay services, 77% policy coverage, Rs.31 K per month returns. Good future investment which reduces my taxes too. The behaviour of the executives and staff members. Manageable policy which is very good future investment. Nice.
Eklavaya
Bareilly, May 19, 2016
Wonderful
The policy i buy is dhfl pramerica life insurance. The policy is great for future investment nice pension policy plan. The coverage is good ~88%, service is great, even the claims are the best. Good behaviour from executives and staff members. Daily updates mailed to me regularly. I like the policy.
Dinesh
Ooty, May 19, 2016
Coverage Is Good
DHFL pramerica pension plan is for my parents. My parents are happy with the policy due to low premiums and lots of other benefits. The returns are high ~Rs.34 K per month for each. The policy coverage is high ~85% and service is rapid and on time. The online facilities are simple and easily accessible. Now I'm relaxed and tension free for future. Good plan.
Chirag
Meerut, May 19, 2016
Nice Policy
I purchase the dhfl pramerica pension plans. The investment is low and the returns is huge. Policy coverage is high approx. 89% and claims are even better. The service is awesome with very calm behaviour of executives and team. Good future investment and it saves taxes also. The daily updates regarding policies is mailed to me.
Bhasker
Kurukshetra, May 19, 2016
Average Policy
Recently buy a very good policy i.e., dhfl pramerica pension plan. Now, I'm tension for my future because of great policy plan. The coverage is good around 87%, service is great and fast too, even the claims are fantastic. Good web services too. Good work.
Abhinav
Ahmedabad, May 19, 2016
Good
I have pension policy plan which is a suggestion of a friend, So i took it from dhfl pramerica life insurance. Staff members and executives provide good and quick services. Policy coverage is good approx. 85% but the premiums are normal. Good terms and conditions in compare with other. Nice future investment and it saves taxes too.
Jigar
Dwarakanagar, May 12, 2016
Quality Investment
I purchase dhfl pramerica pension plan. Plan is good with nice services and always on time. Policy coverage is 89% and the claim are high, the amount after maturity of policy is of Rs.38 K per month. Investment is low and returns are high, what else customer needs. The behaviour of the executives and staff members are really nice. Good future investment, i like it.