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.

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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Average Rating
(Based on 25 Reviews)
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Pramerica Life TruShield Reviews & Ratings

4.2 / 5 (Based on 25 Reviews)
(Showing Newest 25 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.
Dinesh
Greater_noida, May 18, 2016
★★★★★
Above Average
I purchase dhfl pramerica life insurance policy and the product is term insurance plan. The premiums are ~Rs.36 K per year. The claims are good and easily sanctioned. Service facilitate by executives and staff members are very nice and fast. The policy saves taxes and it is really very good investment for future. Daily updates are send to me. Good job, I like the plan.
Gautam
Sonipat, May 18, 2016
★★★★★
Very Nice
Great dhfl pramerica term insurance plan i got recently. They has good speed and responsive for any query and for any help. Policy coverage is 87% and the claims are good with easy claiming process. The investment is good and it saves taxes also. Good investment with tax saving.
Harish
Jaipur, May 18, 2016
★★★★★
Better Plan
The dhfl pramerica term insurance plan is wonderful with huge benefits like low premiums and the policy coverage is high 90%. Claims are good and the payback amount is around Rs.37 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Good future investment with tax savings.
Jayant
Haridwar, May 18, 2016
★★★★★
Normal Policy
The dhfl pramerica term policy plan i have is not as i expected. The policy coverage is 68% and the claims are less. The premiums are 22 K twice a year. Services is fast and the behaviour of the executives and staff members is good. Some improvement needed in the web site. Manageable policy plan. Please increase the coverage and services.
Kamal
Ahmedabad, May 18, 2016
★★★★★
Nice Policy
The dhfl pramerica term insurance plan is good. Policy coverage and claims are high with low investments. The executives and staff members behave well with the customers and providing nice outputs. The daily updates are mailed and texted to me regularly. It saves taxes. Good investment for future.
Lakshay
Lucknow, May 18, 2016
★★★★★
Manageable
I got dhfl pramerica term insurance plan. The policy plan is above average and the premiums are low. Policy coverage and the claims are high with high payback returns. Services provided by you guys is appreciable with good behaviour of your staff members and the extra good treatment provided by the executives is very nice. The terms and conditions are good.
Prabhjot
Nilgiris, May 18, 2016
★★★★★
Okay Plan
Policy coverage is less around 71% and the premiums are low around 21 K twice a year. Service are good and always on time till now. The claims are cleared easily due to quick response from the executives and staff members. Please improve your policy coverage for better performance. My dhfl pramerica term insurance plan is satisfactory for me.
Omesh
Haldwani, May 18, 2016
★★★★★
Power Plan
DHFL pramerica term insurance plan is one of the best policy. The policy coverage is 89% and the claims are good even the the claiming procedure is easy because the service provided by the company members are good and even the web services are even better. The premiums are low and for women get 5% less extra benefits on premiums. Good tax saver too.
Ishita
Faizabad, May 18, 2016
★★★★★
Above Average
The dhfl pramerica term insurance plan i have is not as i expected. The policy coverage is 69% and the claims are less. The premiums are 21 K twice a year. Services are fast and the behaviour of the executives and staff members are good. Some improvement needed in the web site. Good tax saving benefit.
Umakant
Hyderabad, May 18, 2016
★★★★★
Fair Policy
The dhfl pramerica term insurance plan is wonderful with huge benefits like low premiums and the policy coverage is high 88%. Claims are are good and the payback amount is around Rs.32 L after the policy get mature. Internet services is great with easy interface and vast variety of policies are there with full descriptions. Good policy.
Tanmay
Bangalore, May 18, 2016
★★★★★
Easy Returns
Great term insurance policy plan i got from dhfl pramerica life insurance. They has good in facilitate the fast services. Policy coverage is 86% and the claims are good with easy claiming process. The investment is good and it saves taxes also. The behaviour of executives and staff members are very nice.
Prashant
Gautam_buddha_nagar, May 18, 2016
★★★★★
Coverage Is Good
My dhfl pramerica term insurance plan is wonderful with huge benefits like low premiums and the policy coverage is high 89%. Claims are are good and the payback amount is around Rs.35 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Good future investment with tax savings. I like the plan.
Eshu
Lonavla, May 18, 2016
★★★★★
Average
I have dhfl pramerica term insurance plan. Policy coverage is good ~87% and the premiums are low approx. 36 K. Claiming is easy and the waiting time is very less due to fast and on time services from executives and the staff members. Good future investment and it reduces my taxes too.
Yajan
Darjeeling, May 18, 2016
★★★★★
Good
DHFL pramerica life insurance is one of the perfect insurance providers, i took term insurance policy plan from them. The policy is good in service and it can be buy and accessed from online also. The web service is awesome and 5% less for women on premiums. Policy coverage and the claims are high. Because of online facility, it reduces the paper work and the waiting part is erased.
Chirag
Jorhat, May 12, 2016
★★★★★
Power Plan
DHFL Pramerica term insurance plan is great. They has good speed and responsive for any query and for any help. Policy coverage is 88% and the claims are good with easy claiming process. The investment is good and it saves taxes also. Daily updates are send to me regularly.
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