Download the Policybazaar app
to manage all your insurance needs.
Pramerica Life Smart Invest Plan
Pramerica Life Smart Invest is an insurance scheme, a Unit-Linked Investment Plan (ULIP), that provides a life insurance policy and an investment linked to the market. The plan provides policyholders with a chance to invest in various funds as they leave their families with life insurance coverage.
-
Home
-
ULIP Plans
-
Pramerica Life ULIP Plans
- Pramerica Life Smart Invest Plan
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:64,561 Cr
64,561 Cr
NAV
51.66
0.17%
Returns
15.43%
PRISM Strategy
HDFC Life
AUM:0 Cr
0 Cr
NAV
0.00%
Returns
37.04%
Highest Returns
High Growth Fund
Axis Max Life
AUM:15,248 Cr
15,248 Cr
NAV
126.48
0.22%
Returns
18.02%
Pension India Consumption Fund
ICICI Prudential Life
AUM:25 Cr
25 Cr
NAV
9.68
0.04%
Returns
-
Multi Cap Fund
Tata AIA Life
AUM:11,764 Cr
11,764 Cr
NAV
68.94
0.09%
Returns
13.81%
see more plans
Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Eligibility Criteria for the Pramerica Life Smart Invest Plan
| Criteria | Minimum | Maximum |
| Entry Age | 901 Days | 60 Years (Varies By Plan Option)
Wealth Builder: up to 60 years (depends on pay type) |
| Dream Builder Age | 18 years | 50 years |
| Legacy Builder Age |
60 years |
|
| Maturity Age
|
|
|
| Policy term (Wealth Builder) | 10 Years | 40 Years |
| Dream Builder |
99 minus entry age |
|
| Legacy Builder: till age 99 |
Till age 99 |
|
| Premium Payment Term | 5 Years (Limited Pay) | 40 Years (Regular Pay) |
| Annual Premium | ₹12,000 | No Limit (Subject To Underwriting Policy) |
| Top-Up Premium | ₹1,000 | No Limit |
| Monthly Premium | ₹5,000 | As per Board-approved Underwriting Policy |
| Sum Assured | 5 Times Annual Premium | 10 Times Annual Premium |
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:
-
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.
-
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.
-
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
See more plans
Policy Details of the Pramerica Life Smart Invest Plan
Understanding policy servicing rules ensures smooth policy management. Let's review the key policy provisions.
-
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.
-
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.
-
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.
-
Surrender
The surrender value is bought under the policy, where the amount is paid after five years of lock-in.
-
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.*
FAQs
-
Can I invest additional money during the policy term?
Yes, the plan will enable top-up premiums of 5,000 or more to boost the investment's value throughout the policy term. -
Does the policy have a lock-in?
Yes, as a ULIP, the plan has a 5-year mandatory lock-in period, after which withdrawals or surrender payments are limited. -
Is it possible to access the policy with the help of a withdrawal?
Partial withdrawals may be made after five years of policy, subject to policy terms and the minimum withdrawal. -
Is this ULIP plan guaranteed to give returns?
No, returns are determined based on the performance of the chosen funds and the market conditions because Pramerica Life Smart Invest is a market-linked plan of insurance.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
ULIP Plans Articles
Recent Articles
Popular Articles
09 Sep 2026
ULIPs offer various add-on benefits to investors, which can help
07 Sep 2026
ULIP riders can help an individual customise their ULIP and
02 Sep 2026
ULIPs offer various riders to investors to provide an extraPramerica Life ULIP Plans Reviews & Ratings
(Showing Newest 10 reviews)
Explore the popular searches and stay informed
- ULIP Calculator
- ULIP Plan
- Annuity Plan
- Child Plan
- Gift City Investment
- Guaranteed Return Plans
- Investment Plan
- LIC Calculator
- LIC
- NRI Investment Plans in India
- Pension Plan
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- What is Term Insurance
- Home Loan Insurance Calculator
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ