Pramerica Life Smart Invest Plan

Eligibility Criteria for the Pramerica Life Smart Invest Plan

Features of the Pramerica Life Smart Invest Plan

Here are the main features of Pramerica Life Smart Invest Plan:

• Death Benefit: If the policyholder dies during the policy term, the nominee receives a death benefit, ensuring the family's financial security.
• Maturity Benefit: In case of the policyholder surviving until the expiry of the policy term, there will be a benefit known as the maturity benefit that will be paid as the accumulation of fund value.
• Potential to Create Wealth: As a market-tied plan, it has the potential to deliver high returns over the long term, depending on how the funds perform.
• Goal-Based Planning: The plan supports disciplined savings and helps policyholders make efforts to meet specific long-term financial goals.
• Tax Benefits: Benefits received and premiums paid are subject to tax laws.

Benefits of the Pramerica Life Smart Invest Plan

Here are the key benefits of the Pramerica Life Smart Invest plan:

• Death Benefit Protection: The nominee has a right to most of the following:
  • Sum Assured
  • Fund Value
  • 105% of total premiums paid
• Maturity Benefit: The value of the total fund is received by the policyholder either with or without the value of the top-up fund on survival up to the expiry of the policy period.
• Monthly Income Protection (Dream Builder): Payment of nominee every month, a lump sum death benefit, and a waiver of future premiums.
• Return On Mortality Charges (ROMC): Certain conditions provide that the mortality charges deducted in the policy term are returned into the fund value at maturity.
• Systematic Withdrawal Facility: Permits policyholders to take a percentage of the fund value on a regular basis in order to cover recurring financial obligations.​

These benefits help position Pramerica Life Smart Invest among the best investment plans for individuals looking for long-term financial growth combined with insurance protection.

Riders Under the Pramerica Life Smart Invest Plan

Riders can enhance the protection offered by a life insurance policy by adding additional coverage benefits. Here are the rider-related provisions available under Pramerica Life Smart Invest:

1. Waiver Of Premium Benefit (Dream Builder Option)

   Under the Dream Builder option, future premiums will be waived upon the death of the life insured. The remaining premiums are still paid by the insurer, keeping the policy active until maturity.

2. Built-In Protection Features

   The benefits provided as part of the plan include death protection and policy continuance, which help ensure the nominee has financial security.

3. Availability Of Additional Riders

   The insurer may provide additional riders based on regulatory approvals and updates to the products. When purchasing Pramerica Life ULIP Plans, policyholders need to ensure they have the latest rider options.

Latest ULIP NAVs

• Pramerica Life ULIP Funds
• Bandhan Life ULIP Funds
• Aviva Life ULIP Funds
• Bajaj Life ULIP Funds
• Bharti AXA Life ULIP Funds
• Aditya Birla Sun Life ULIP Funds
• Canara HSBC Life ULIP Funds
• Edelweiss Tokio Life ULIP Funds
• Future Generali India Life ULIP Funds
• HDFC Life ULIP Funds
• ICICI Prudential Life ULIP Funds
• Exide Life ULIP Funds
• Kotak Life ULIP Funds
• Axis Max Life ULIP Funds
• PNB MetLife ULIP Funds
• Reliance Nippon Life ULIP Funds
• SBI Life ULIP Funds
• IndiaFirst Life ULIP Funds
• Ageas Federal Life ULIP Funds
• Star Union Dai-ichi Life ULIP Funds
• Tata AIA Life ULIP Funds

Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Pramerica Life Debt Fund	₹32.44	₹24 Cr	5.59%	6.26%	View More
Pramerica Life Nifty Mid Cap 50 Correlation Fund	₹16.39	₹86 Cr	-	-	View More
Pramerica Life Pension Dynamic Equity Fund	₹70.92	₹5 Cr	8.87%	10.54%	View More
Pramerica Life Nifty Midcap 50 Correlation Pension Fund	₹11.13	₹3 Cr	-	-	View More
DHFL Pramerica Balance	₹40.83	₹27 Cr	5.6%	7.45%	View More
DHFL Pramerica Growth	₹47.74	₹43 Cr	6.55%	8.64%	View More
DHFL Pramerica Large Cap Equity	₹58.79	₹145 Cr	8.65%	10.43%	View More
Pramerica Secure Balanced Pension Fund	₹41.71	₹1 Cr	5.99%	7.88%	View More
Pramerica Pinnacle Growth Pension Fund	₹58.07	₹1 Cr	6.43%	8.94%	View More
DHFL Pramerica Multi Cap Opportunities Fund	₹21.78	₹28 Cr	7.98%	-	View More
Pramerica Life Nifty Smallcap 250 Quality 50 Correlation Fund	₹9.8	₹6 Cr	-	-	View More

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Policy Details of the Pramerica Life Smart Invest Plan

Understanding policy servicing rules ensures smooth policy management. Let's review the key policy provisions.

1. Grace Period

   There is a grace period of 30 days in case of annual, semi-annual, or quarterly premiums and a grace period of 15 days in case of monthly premiums.

2. Revival

   Within a period of three years from the date of the first unpaid premium, a discontinued policy can be reinstated under the condition of underwriting approval.

3. Free Look Period

   The policyholders will have the option to cancel the policy within 30 days of the policy document being issued if they do not agree with the policy terms.

4. Surrender

   The surrender value is bought under the policy, where the amount is paid after five years of lock-in.

5. Fund Switching

   Policyholders can switch between available funds without incurring additional charges, helping them adjust their investments based on market conditions.

Exclusions Under the Pramerica Life Smart Invest Plan

Like most insurance products, the policy includes certain exclusions that policyholders should understand.​

Suicidal Cover

In case of the suicide death of the life insured during the 12 months after the issue of the policy or revival, the nominee will only get the fund value.

*Pramerica Life Smart Invest does not provide a separate Total Permanent Disability benefit unless included under specific riders or plan features.*