Pramerica Wealth+ Ace Plan

Pramerica Life Wealth+ Ace, a Single Premium Unit Linked Insurance Plan, assists you in achieving your financial goals by offering investment options and ensuring a secure future for your loved ones.

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  • Guaranteed Tax Savings

    Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds
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Key Features

  • This is a one-time payment plan.

  • Persistency Units are added after the 10th policy year and every 5 years thereafter.

  • With the Systematic Transfer Option, the policyholder can choose to invest a part of his investment monthly in a low-risk fund to avail the benefit of rupee cost averaging.

  • The premium is invested in Liquid Fund, which is available only under the STP Option, after which the units are allocated to chosen funds from the Liquid Fund.

The following 5 funds are available for investment

  • Debt Fund

  • Balance Fund

  • Growth Fund

  • Large Cap Equity Fund

  • Liquid Fund


  • Persistency Units are added @ 1.5% for the premium range 65,000 – 2 lakhs and 2% for premiums 2 lakhs and above the average Fund Value in the last 3 years prior to the additions.

  • The insured will get the total Fund Value on Maturity, including the persistency units added.

  • The Fund Value on Maturity can be availed in installments over a period of 5 years post Maturity under the Settlement Option.

  • On the death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105% of all premiums paid till death is payable.

  • If the age attained was more than 60 years, higher of the Sum Assured (-) withdrawals made after age 58 or the Fund Value subject to a minimum of 105% of all premiums paid is payable.

  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

Minimum   Maximum 
Entry Age (Last Birthday) 8 Years for Policy Term, 10 Years, 3 Years for Policy Term, 15 Years, 90 Days for Policy Term, 20 or 25 Years 65 Years
Maturity Age (Last Birthday) - 75 Years
Policy Term (PT) in years 10 25
Premium Paying Term (PPT) in years Single Pay
Yearly Premium 65,000 Depends on Maximum Sum Assured, subject to underwriting
Sum Assured 1.25 times single premium  10 crores

Details about Premium

Premium in Rupees and Benefit Illustration for a term of 20 years and PPT for 5 years

Age 40 years 50 years 60 years
Premium 100,000 100,000 100,000
Sum Assured 125,000 110,000 110,000
Fund Value @ 4% 114,012 114,092 112,057
Fund Value @ 8% 167,951 168,085 167,455

Policy Details

Grace Period: grace period is not applicable for single premium policies

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund, where it will earn a minimum of 4% p.a. growth. After the completion of 5 years, the fund value in the Discontinued Policy fund as of that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

Free Look Period: If you are not 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.


  • Partial withdrawal is allowed every year after 5 completed policy years with a minimum value of Rs.10,000.

  • 4 free Switches are allowed every year for switching between funds.

Additional Features or Riders

  • DHFL Pramerica Unit Linked Accidental Death Benefit Rider is available under the plan, which can be added at inception or at any time during the policy term

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


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

  • For the rider's benefit, accidental deaths due to any self-inflicted injury, acts of criminal nature, war, aviation, participation in hazardous activities, alcohol abuse, etc., are excluded

Documents Required

Policyholder has to fill up an 'Application form/ proposal form' with an accurate medical history and submit KYC documents.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
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