Pramerica Life Term U-Protect Plan

Pramerica Life Term U Protect Plan is a comprehensive term plan for people looking for high coverage of Rs 25 Lacs or more. This is a pure term plan with lifestyle benefit.

Get ₹1 Cr. Life Cover at just ₹449/month+
No medical
checkup required
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+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

Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Covers COVID-19
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Key Features

  • Minimum sum assured of Rs 25 lacs or more
  • Pure Term Plan with only death benefit and no maturity benefit
  • Plan offers premium discount for:
    • Non smoker
    • Healthy lifestyle
    • High Sum Assured
    • Female Lives
    • There are 2 additional riders available with this plan

Benefits

  • In case of death of the life insured within the policy tenure, the Sum Assured is paid to the nominee as death benefit and the policy terminates and nothing further is payable
  •  
  • Additional protection can be opted for in this plan by choosing for additional riders available:
    • Pramerica Life Term Traditional Critical Illness Rider and
    • Pramerica Life Term Traditional Accidental Death Benefit Rider
    • Income tax benefit on the premium paid as per Section 80C of the Income Tax Act

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18

55

Maturity Age (Last Birthday)

28

65

Policy Term (PT) in years

10

30

Premium Paying Term (PPT) in years

Till the end of the policy tenure

Premium Paying Frequency

Semi-Annually

Annually

Yearly Premium

Rs 4000

No Limit. It is as per the underwriting criteria

Sum Assured

Rs 25 Lacs

No Limit. It is as per the underwriting criteria


Details About Premium

Annual premium in Rupees, exclusive of tax

Policy Term: 20 Years
Sum Assured: Rs 50 Lacs

 

Male-Non-Smoker

Female Non-Smoker

Male Smoker

35 years

7750

6200

11700

45 years

17600

12800

30450

         


Grace Period:
15 days grace period is allowed for payment of premium under monthly mode and 30 days for other modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: There are no surrender or termination benefits available in this plan as this is a pure term plan

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions

  • The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person according to their medical grid

Premium By Age

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