Pramerica Life TruShield

A term plan is perfectly suited to protect the financial future of the family in the absence of the breadwinner. Pramerica Life TruShield has been conceptualized on the same grounds to provide the policyholder with a large sum assured to realize the family's desires and aspirations. It also helps to liquidate the existing financial obligations, if any, after the unfortunate demise of the insured.

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Get ₹1 Cr. Life Cover at just ₹449/month*
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Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
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*Tax benefit is subject to changes in tax laws.

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

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The Pramerica Life TruShield policy is a non-linked non-participating term, pure risk life insurance plan providing a return of premium on survival. The policy delivers comprehensive benefits with additional cover and multiple options to pay the premium to suit the policyholder’s convenience. 

Eligibility Criteria of Pramerica Life TruShield

The table below shows the eligibility criteria of Pramerica Life TruShield:

 Parameters

Description

Entry Age

Minimum: 18 years

Maximum:

7 years Policy: 50 years

10 Years Policy Term: 55 years (For Regular Pay, Maximum Entry Age is 50 years)

12 Years Policy Term: 50 years

15 Years Policy Term: 50 years

20 Years Policy Term: 45 years

Maturity Age

Maximum: 65 years

Policy Tenure

7, 10, 12, 15, or 20 years

Premium Paying Term

7 years Policy Term: Regular Pay

10 Years Policy Term: Single Pay, 5-Pay, or 10-Pay

12 Years Policy Term: 12-Pay

15 Years Policy Term: Single Pay, 7- Pay, or 12 -Pay

20 Years Policy Term: Single Pay, or 10- Pay

Premium Paying Mode

Single, Annual, or Monthly

Grace Period

30 days

Sum Assured

Minimum: Rs 5 Lakh

 

Maximum: Rs 50 Crore (Subject to the underwriting policy)

 


Benefits of Pramerica Life TruShield

The following are the key benefits of Pramerica Life TruShield:

Death Benefit

The beneficiary receives the sum assured on the unfortunate demise of the policyholder during the policy term, provided the Pramerica Life TruShield Policy status is active.

Death Benefit Options: The comprehensive benefit is offered to the policyholder in 2 options:

  • Option A-Level Cover: The sum assured remains constant throughout the policy term.
  • Option B – Reducing Cover: The sum assured reduces over the policy term based on a defined formula.

Maturity Benefit

The total of the paid premium is payable to the policyholder on survival, based on the Premium Payment option, and after deduction of any extra premium and taxes.

Tax Benefits

The premium paid and benefit received in the financial year is tax-exempt under Sections 80C & 10(10D) of the Income Tax Act, 1961

Note: Tax benefit is subject to changes in tax laws

The Premium for Pramerica Life TruShield

Pramerica Life TruShield premium is payable as single, limited, and regular pay modes, according to the convenience and preference of the policyholder. The minimum annual premium payable is as below:

Level Benefit Option:

  • Limited Pay: Rs 6, 460
  • Regular Pay: Rs 14, 425
  • Single Pay: Rs 29, 570

Reducing Benefit Option:

  • Limited Pay: Rs 6, 010
  • Regular Pay: Rs 12, 705
  • Single Pay: Rs 26, 915

Documents Required to Buy Pramerica Life TruShield

The following is the list of documents required to buy Pramerica Life TruShield online

  • Identity Proof
  • Age Proof
  • Address Proof
  • Income Proof
  • Bank Account Details
  • Recent Photograph

How to Buy Pramerica Life TruShield Online?

This plan is not open to purchase online, but the policyholder can get an idea of the premium by using the Pramerica Life TruShield calculator at the insurer portal. The purchase proper involves a few steps, and the assistance of the agent may be sought with an online request.

A filled-in proposal form with supporting documents and the payment of the first premium online completes the process.

Exclusions of Pramerica Life TruShield

The exclusion in the policy is suicidal death. For suicidal death of the insured within the first 12 months of the inception, or the time of policy revival, the insurer obligation is limited. The payable amount is higher of 80% of the total paid premium (fewer taxes and any underwriting extra) or the surrender value till the date of death.

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Pramerica Life TruShield Reviews & Ratings

4.2 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Sikander
Barasat, March 02, 2021
Pay easily
It is easy to pay for the premiums of my term insurance plan online. I bought the term plan of pramerica. A nice company with good term quotes. Kudos team.
Lalit
Andipatti, February 19, 2021
Benefits to family
I bought a term insurance plan from policybazaar and that was of pramerica company. The team explained me about this plan very clearly and I liked it a lot. I bought it for the safety and security of my family. Awesome plan.
Mahesh
Jamnagar, January 29, 2019
Good Services
I am the customer of DHFL Pramerica Life Insurance Company for past two years and I am very satisfied with the services provided by this company. The company not only provides life insurance products of different categories but it also has really good customer support team. The customer care executive from Policybazaar helped me to select the most suitable life insurance cover for me. DHFL is comparatively new in the insurance sector but in my two years with it, I did not find any flaw. They are just good and try to give you the best products and services. So, you can go for the life insurance plans of this DHFL.
Madhu
Jiaganj, July 07, 2016
Term Insurance
I have term insurance plan and very good one. Policy cover maximum scenarios and its premium is less. Service is fantastic provided by members of company. Claims are simple to clear by online or manually. Online service is easy to use.
Akash
Agra, June 28, 2016
Good
The policy coverage is high and claims are good which very easy to clear because your guys are really very good responsive team. The investment is low but the returns are high. Good term insurance plan which makes my life easier. I like the insurance policy and internet service too.
Bhavya
Nizamabad, May 18, 2016
Excellent Policy
My dhfl pramerica term insurance plan is nice. The policy coverage is high and the claims are high too. Claims are easily sanctioned because of fast services provided by the executives. Fantastic policy plan which provides good terms and conditions. Good investments which reduces taxes. I like the plan.
Varun
Zahirabad, May 18, 2016
Manageable Policy
My policy is not that good because the service is bit slow, the policy coverage is little low, Claims are not enough, premiums are high, Executives and staff members help when ever needed. Manageable policy, Please improve the service for better result.
Chandan
Kolkata, May 18, 2016
Perfect
I have term insurance policy plan from dhfl pramerica life insurance. The policy is good and the premiums are very less. The best investment and the taxes are also saved. Policy coverage and claims are good and the services is super. Good behaviour shown by executives and staff members. Good investment which save taxes.
Abhinav
Kolkata, May 18, 2016
Fantastic Deal
The dhfl pramerica term insurance plan i have is great. The policy coverage is high with high claiming amount. The premiums are low and the payback returns are approx. rs.39 L. The service provided by the executives and the staff members is good with nice behaviour. Good investments for future. I'm satisfied.
Sumeet
Newada, May 18, 2016
Good Plan
My dhfl pramerica term insurance plan is awesome. The policy coverage is high ~92% and the claims are approx. 40 L after policy get mature. Claims are easily sanctioned because of fast services provided by the executives. Fantastic policy plan which provides good terms and conditions. Daily updates mailed to me timely. I like the plan.
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