Pramerica Life Cancer+Heart Shield
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We believe everyone, regardless of their life stage and the dreams they have for their family, can take control of their financial future and can make a plan to reach their goals without any uncertainty. Timely and regular savings help you in bridging the gap between where you are today and where you want to be in terms of your finances. Every individual’s financial requirements are different. While some may want to save towards their goal of one-time fund to cover the expenses for occasions like a child’s marriage or college education expenses, others may want regular income for themselves to cover monthly future expenses. What if there was a reliable way to beat the uncertainties of life that offers a guaranteed financial future.
Presenting Pramerica Life Guaranteed Return on Wealth, a life insurance plan with guaranteed benefits. So you can pursue dreams for yourself and your loved ones with the reassurance of a life cover and a guaranteed future.
I permit Pramerica Life and its authorized representatives to contact me using my phone number and Email ID only. I overwrite my NDNC registration and agree to NO postal contact.
No ambiguity and no surprises. This plan offers guaranteed benefits provided the policy is in force and all due premiums are paid in full
You may choose to receive the payouts under the product as a Lump Sum or as Income (under different Income options) based on your needs
Based on your income needs you may choose one of the following income options
Income Income with Lump Sum Income with High Lump Sum
Choose income period from 10 | 15 | 20 | 25 years
Choose to receive income in annual or monthly frequency
Choose Deferment period of 0 to 5 years
Get life insurance cover during the entire policy term to secure your loved ones
You may choose to pay your premiums for 5 | 8 | 10 | 12 years
Tax benefits may be applicable on premiums paid and on benefits received, as per prevailing income tax laws. Tax laws are subject to change, please consult a tax advisor
Guaranteed Survival Benefit in the form of income payouts shall be
Guaranteed Survival Benefit in the form of income payouts shall be payable in arrears i.e. at the end of the month or at the end of the year as per the income payout frequency chosen for applicable Income Period, upon survival of the Life Insured at the time of income payment, provided the policy is in force with all due premiums paid in full. Guaranteed Survival Benefit, expressed as percentage of Annualized Premium, varies on the basis of chosen Plan Option, Age at entry, Premium Paying Term, Deferment Period, Income Period and Premium Band
Maturity Benefit is not applicable for this Plan Option.
On death of Life Insured anytime during the Policy Term while the policy is
In the unfortunate event of death of the Life Insured during the Policy Term while the policy is in-force on the date of death, the beneficiary shall receive Sum Assured on Death. The Sum Assured on death shall be highest of:
Guaranteed Survival Benefit in the form of income payouts shall be payable in arrears
On survival of the Life Insured till the end of the policy term i.e. the date of maturity,
On survival of the Life Insured till the end of the policy term i.e. the date of maturity, while the policy is in force, you shall receive a lump sum benefit equal to Guaranteed Maturity Benefit plus accrued Loyalty Additions.
Where Guaranteed Maturity Benefit is equal to Sum Assured on Maturity which shall be 50% of Total Annualized Premiums# payable. Loyalty Additions shall accrue to the policy at the end of each completed policy year during the Income Period and shall be payable in lump sum at the end of the policy term, provided the policy is in force and all due premiums are paid in full. The Loyalty Additions expressed as a percentage of Total Annualized Premiums# payable are as follows:
Loyalty Additions applicable for ‘Income with Lump Sum’ Option:
On death of Life Insured anytime during the Policy Term while
On death of Life Insured anytime during the Policy Term while the policy is in-force on the date of death. The beneficiary shall receive:
a) Sum Assured on Death; Plus b) Accrued Loyalty Additions till the date of death
The Sum Assured on Death shall be highest of:
On survival of the Life Insured till the end of the policy term i.e. the date of maturity, while the policy is in force, you shall receive a lump sum Maturity Benefit equal to Guaranteed Maturity Benefit plus accrued Loyalty Additions.
Where Guaranteed Maturity Benefit is equal to Sum Assured on Maturity which shall be 75% of Total Annualized Premiums# payable. Loyalty Additions shall accrue to the policy at the end of each completed policy year during the Income Period and shall be payable as lump sum at the end of the policy term, provided the policy is in force and all due premiums are paid in full. The Loyalty Additions shall be a percentage of Total Annualized premiums# payable and are as follows:
Loyalty Additions applicable for ‘Income with High Lump Sum’ option:
On death of Life Insured anytime during the Policy Term while the policy is in-force on the date of death.
Guaranteed Survival Benefit is not applicable for Lump Sum option
On survival of the Life Insured till the end of the policy term i.e. the date of maturity
On survival of the Life Insured till the end of the policy term i.e. the date of maturity, while the policy is inforce, you shall receive a lump sum Maturity Benefit equal to Guaranteed Maturity Benefit plus accrued Loyalty Additions.
Where Guaranteed Maturity Benefit is equal to Sum Assured on Maturity which shall be X% of Total Annualized Premiums# payable. X varies as per the policy term as below
Loyalty Additions shall accrue to the policy at the end of each completed Policy Year during the last 4 years of the Policy Term, provided the policy is in force and all due premiums are paid in full. Loyalty additions under this plan option vary by Age at Entry, Premium Paying Term, Policy Term and Premium Band. The Sample Loyalty Additions rate as a percentage of Total Annualized Premiums# payable during last 4 policy years are as follows:
Minimum Installment Premium:
Under 5 pay for ages > 55 years, minimum premium is as follows:
Maximum: No Limit (subject to Board Approved Underwriting Policy)
All reference to age are based on age as on the last birthday. Substandard lives may also be covered subject to Board Approved Underwriting Policy and with any extra Premium, if applicable. Taxes as applicable will be charged over and above the quoted Premium.
Boundary conditions for policies sourced through point of sales person:
Eligibility Criteria for POS channel:
There will be no medical underwriting for policies sourced through POSP channel
Maximum: Corresponding to maximum Sum assured of Rs. 25 lacs on Death
Premium Bands
For PPT 5 years: 10 | 12 | 15
For PPT 8 years: 12 | 15 | 18
For PPT 10 years: 15 | 18 | 20
For PPT 12 years: 18 | 20 | 24
For PPT 12 years: 18 | 20
*Tax Benefits may be available as per the applicable laws as amended from time to time.
This plan offers guaranteed benefits provided the policy is in force and all due premiums are paid in full.