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Pramerica Life Smart Wealth+

Pramerica Life Smart Wealth+ is a Unit Linked Non-Participating Individual Saving Life Insurance Plan that facilitates wealth creation for your planned milestones in life.

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Reasons to buy this plan

  • Option to choose regular or limited Premium Payment tenure
  • Wealth creation for your planned mile stones in life
  • Loyalty additions in the form of Persistency Units
  • Ten funds offering different levels of growth depending on your risk appetite
  • Option of Fund conservation to safeguard your fund value from market fluctuations

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Key Features

Know about this plan

Plan Benefit

Maturity Benefit

On survival of the Life Insured till maturity date, subject to Policy being in force for full risk benefits, the fund value will be paid to the Policyholder. Death cover will cease on Maturity.

On survival of the Life Insured till maturity date, subject to Policy being in force for full risk benefits, the fund value will be paid to the Policyholder. Death cover will cease on Maturity.

Death Benefit:

In case of an unfortunate demise of the Life Insured during the Policy Term, the Policy

In case of an unfortunate demise of the Life Insured during the Policy Term, the Policy will pay Death Benefit which is equal to higher of Sum Assured or Fund Value subject to a minimum of 105% of total Premiums paid till date of death.


Where Sum Assured is defined as a multiple of Annualized Premium as defined below::
Premium Paying Term Sum Assured Multiplier
Age at Entry < 45 Years Age at Entry >= 45 Years Age at entry >=50
5 7/10 7 5
10,15 or 20 7/10 7/10 5/10

For example, a person aged 40, paying a premium of Rs. 1 lac annually, for a premium payment term of 10 years can choose a Sum Assured Multiplier of 7 or 10 of his/her Annualized Premium. That is, his/her Sum Assured can be Rs. 7 Lacs (7*100000) or Rs. 10 Lacs (10*100000) depending on the Sum Assured Multiplier opted by him/her.


Fund Conservation Option

This is an option to preserve your capital towards the end of your Policy when your investments are due to be paid back.

This is an option, to preserve your capital towards end of your Policy, when your investments are due to be paid back. All your investments are systematically transferred from funds of your choice to Debt Fund in the last three years of your Policy; on a half-yearly basis. The exposure in your chosen funds is systematically diverted to Debt Fund at the beginning of every half-year. 1/N of the units from the funds of your choice at the beginning of each half year will be switched to the Debt Fund, where N is the number of half years before maturity.

Persistency Units

As a reward for continuing your Policy, Persistency Units equal to 1% of the average of Fund Value at preceding 36 months will be allocated to the Policyholder

As a reward for continuing your Policy, Persistency Units equal to 1% of the average of Fund Value at preceding 36 months will be allocated to the Policyholder's unit account at the end of the 10th, 15th, and 20th Policy anniversaries provided policy is in force and all due premiums are paid.

Choice of Investment Funds

You have an option to choose from ten funds to invest your money in.

You have an option to choose from ten funds to invest your money in. You can look at the investment objectives of each of our funds and match those with your investment goals and then decide the proportion of money you would like to invest in each of them. If you are opting for more than one fund, the minimum investment in any fund should be at least 10% of the Premium allocated. The fund and fund objectives are as follows:


Fund Investment objective Asset Allocation Risk profile
Debt fund (SFIN: ULIF00127/08 /08FIXEDIFUND140) To generate steady return at lower risk by investing in a range of debt securities. Government securities: 50% to 100% Corporate bonds: 0% to 50% Money Market/cash: 0% to 40% Low
Balance Fund (SFIN: ULIF00227/08 /08BALANCFUND140) To generate balance return by investing in debt securities to provide stability and by investing in equities to provide potential to enhance the return through capital appreciation. Equity: 10% to 50% Government securities: 20% to 50% Corporate bonds: 0% to 50% Money Market/cash: 0% to 40% High
Growth Fund (SFIN: ULIF00327/08 /08GROWTHFUND140) To generate higher return through capital appreciation in the long term by investing in a diversified equities. Debt investment will provide a little stability and diversification. Equity: 40% to 80% Government securities: 10% to 30% Corporate bonds: 0% to 30% Money Market/cash: 0% to 40% High
Large Cap Equity Fund (SFIN: ULIF00427/08 /08LARCAPFUND140) To generate higher return through capital appreciation in long term from a portfolio predominantly in large cap equities. Equity: 60% to 100% Money Market/cash: 0% to 40% High
Multi Cap Opportunities Fund(SFIN: ULIF01106/02 /18MULCAPOPPO140) Generate stable returns from a prudent combination of equity and fixed income investment with the possibility of increasing the fixed income contribution to 35%. Equity and Equity Related Instruments: 65% to 75% Govt. Security / Corporate bonds / Money Market Instruments: 25% to 35% Medium
Balanced Equilibrium Fund (SFIN: ULIF016010223BALEQIBFND140) Generate stable returns from a prudent combination of equity and fixed income investment with the possibility of increasing the fixed income contribution to 35%. Equity and Equity Related Instruments: 65% to 75% Govt. Security / Corporate bonds / Money Market Instruments: 25% to 35% Medium
Growth Momentum Fund (SFIN: ULIF015010223GROWMOMFND140) Generate superior long-term returns from a diversified portfolio of equity and debt securities. The fixed income allocation can be increased to 25% depending upon market conditions to afford stability to the fund. Equity and Equity Related Instruments: 75% to 85% Govt. Security / Corporate bonds / Money Market Instruments: 15% to 25% High
Large Cap Advantage Fund (SFIN: ULIF013010223LARCPADFND140) To generate long-term capital appreciation from investment in large cap stocks which are constituents of the Nifty 100, subject to the regulatory limits on investee companies, their groups and industry sectors with the objective of beating the respective benchmark returns. The fund will have the flexibility of moving into fixed income instruments to the extent of 15% during more volatile periods. Equity and Equity Related Instruments: 85% to 100% Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15% High
Flexi Cap Opportunities Fund (SFIN: ULIF014010223FLEXIOPFND140) Dynamic capital appreciation through diversified investments in companies across the market capitalisation spectrum. The fund will have the flexibility of moving into fixed income instruments to the extent of 15% during more volatile periods. Equity and Equity Related Instruments: 85% to 100% Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15% High
Pramerica Nifty Mid Cap 50 Correlation Fund (SFIN: ULIF017260423NIFMIDICOR140) To invest in equity and equity oriented instruments in order to generate returns that closely corresponds to the returns of the Nifty Mid Cap 50 Index subject to tracking errors. The fund would invest in securities that form part of the NIFTY Mid Cap 50 Index to achieve high correlation with the index within the regulatory framework permitted. Equity & equity oriented instruments: 90-100% Money Market Instruments: 0-10% High

In addition to above funds, an additional fund will be maintained for discontinued policies with the following asset allocation and SFIN.


Fund Name Asset Allocation SFIN Risk Profile
Discontinued Policy Fund Government Securities: 60% to 100% Money Market/cash: 0% to 40% ULIF01024/02 /11DISCONFUND140 Low

The minimum guaranteed rate of interest applicable to Discontinued Policy Fund will be specified by the Authority from time to time.

Policy Surrender

The Policy will acquire surrender value from the first Policy year but it becomes payable only after completion of 5 complete Policy years. The surrender value will be the value of units less discontinuance or surrender charges.

The Policy will acquire surrender value from the first Policy year but it becomes payable only after completion of 5 complete Policy years. The surrender value will be the value of units less discontinuance or surrender charges.

Discontinuance of Premium Payment

For the Policy discontinuance due to non-payment of premium, provision of discontinuance will be applicable as per Linked Insurance Product Regulations 2019. Please refer to the detailed plan brochure for further details.

For the Policy discontinuance due to non-payment of premium, provision of discontinuance will be applicable as per Master Circular on Life Insurance Products, 2024. Please refer to the detailed plan brochure for further details.

Please refer to sales brochure for further details

Eligibility Criteria

Entry Age##

Min

8 Years

Max

55 Years

Maximum Maturity Age##

75 Years

Policy Term

20 Years

Premium Payment Terms (PPT)

  1. 5 Years
  2. 10 Years
  3. 15 Years
  4. 20 Years

Premium

Minimum Premium:

Frequency PPT=5 Years PPT = 10, 15 or 20 Years
Annual Rs 36,000 Rs 30,000
Half-Yearly Rs 45,000 Rs 36,000
Quarterly Rs 50,000 Rs 42,000
Monthly Rs 60,000 Rs 48,000

Maximum Premium:

Rs 5 Crores, subject to Board Approved Underwriting Policy

Sum Assured

A multiple of Annualized Premium as defined below:
Premium Paying Term Sum Assured Multiplier
Age at Entry < 45 Years Age at Entry >= 45 Years to < 50 Years Age at entry >=50
5 7/10 7 5
10,15 or 20 7/10 7/10 5/10

Premium Payment Mode

  1. Annual
  2. Half-Yearly
  3. Quarterly
  4. Monthly*

## Age as on last birthday  *Monthly mode of Premium payment is available only through credit card, direct debit and ECS

Downloads

Brochure

T&C Pramerica Life Smart Wealth+

Customer Information Sheet

Maturity Benefit

On survival of the Life Insured till maturity date, subject to Policy being in force for full risk benefits, the fund value will be paid to the Policyholder. Death cover will cease on Maturity.

On survival of the Life Insured till maturity date, subject to Policy being in force for full risk benefits, the fund value will be paid to the Policyholder. Death cover will cease on Maturity.

Death Benefit:

In case of an unfortunate demise of the Life Insured during the Policy Term, the Policy

In case of an unfortunate demise of the Life Insured during the Policy Term, the Policy will pay Death Benefit which is equal to higher of Sum Assured or Fund Value subject to a minimum of 105% of total Premiums paid till date of death.


Where Sum Assured is defined as a multiple of Annualized Premium as defined below::
Premium Paying Term Sum Assured Multiplier
Age at Entry < 45 Years Age at Entry >= 45 Years Age at entry >=50
5 7/10 7 5
10,15 or 20 7/10 7/10 5/10

For example, a person aged 40, paying a premium of Rs. 1 lac annually, for a premium payment term of 10 years can choose a Sum Assured Multiplier of 7 or 10 of his/her Annualized Premium. That is, his/her Sum Assured can be Rs. 7 Lacs (7*100000) or Rs. 10 Lacs (10*100000) depending on the Sum Assured Multiplier opted by him/her.


Fund Conservation Option

This is an option to preserve your capital towards the end of your Policy when your investments are due to be paid back.

This is an option, to preserve your capital towards end of your Policy, when your investments are due to be paid back. All your investments are systematically transferred from funds of your choice to Debt Fund in the last three years of your Policy; on a half-yearly basis. The exposure in your chosen funds is systematically diverted to Debt Fund at the beginning of every half-year. 1/N of the units from the funds of your choice at the beginning of each half year will be switched to the Debt Fund, where N is the number of half years before maturity.

Persistency Units

As a reward for continuing your Policy, Persistency Units equal to 1% of the average of Fund Value at preceding 36 months will be allocated to the Policyholder

As a reward for continuing your Policy, Persistency Units equal to 1% of the average of Fund Value at preceding 36 months will be allocated to the Policyholder's unit account at the end of the 10th, 15th, and 20th Policy anniversaries provided policy is in force and all due premiums are paid.

Choice of Investment Funds

You have an option to choose from ten funds to invest your money in.

You have an option to choose from ten funds to invest your money in. You can look at the investment objectives of each of our funds and match those with your investment goals and then decide the proportion of money you would like to invest in each of them. If you are opting for more than one fund, the minimum investment in any fund should be at least 10% of the Premium allocated. The fund and fund objectives are as follows:


Fund Investment objective Asset Allocation Risk profile
Debt fund (SFIN: ULIF00127/08 /08FIXEDIFUND140) To generate steady return at lower risk by investing in a range of debt securities. Government securities: 50% to 100% Corporate bonds: 0% to 50% Money Market/cash: 0% to 40% Low
Balance Fund (SFIN: ULIF00227/08 /08BALANCFUND140) To generate balance return by investing in debt securities to provide stability and by investing in equities to provide potential to enhance the return through capital appreciation. Equity: 10% to 50% Government securities: 20% to 50% Corporate bonds: 0% to 50% Money Market/cash: 0% to 40% High
Growth Fund (SFIN: ULIF00327/08 /08GROWTHFUND140) To generate higher return through capital appreciation in the long term by investing in a diversified equities. Debt investment will provide a little stability and diversification. Equity: 40% to 80% Government securities: 10% to 30% Corporate bonds: 0% to 30% Money Market/cash: 0% to 40% High
Large Cap Equity Fund (SFIN: ULIF00427/08 /08LARCAPFUND140) To generate higher return through capital appreciation in long term from a portfolio predominantly in large cap equities. Equity: 60% to 100% Money Market/cash: 0% to 40% High
Multi Cap Opportunities Fund(SFIN: ULIF01106/02 /18MULCAPOPPO140) Generate stable returns from a prudent combination of equity and fixed income investment with the possibility of increasing the fixed income contribution to 35%. Equity and Equity Related Instruments: 65% to 75% Govt. Security / Corporate bonds / Money Market Instruments: 25% to 35% Medium
Balanced Equilibrium Fund (SFIN: ULIF016010223BALEQIBFND140) Generate stable returns from a prudent combination of equity and fixed income investment with the possibility of increasing the fixed income contribution to 35%. Equity and Equity Related Instruments: 65% to 75% Govt. Security / Corporate bonds / Money Market Instruments: 25% to 35% Medium
Growth Momentum Fund (SFIN: ULIF015010223GROWMOMFND140) Generate superior long-term returns from a diversified portfolio of equity and debt securities. The fixed income allocation can be increased to 25% depending upon market conditions to afford stability to the fund. Equity and Equity Related Instruments: 75% to 85% Govt. Security / Corporate bonds / Money Market Instruments: 15% to 25% High
Large Cap Advantage Fund (SFIN: ULIF013010223LARCPADFND140) To generate long-term capital appreciation from investment in large cap stocks which are constituents of the Nifty 100, subject to the regulatory limits on investee companies, their groups and industry sectors with the objective of beating the respective benchmark returns. The fund will have the flexibility of moving into fixed income instruments to the extent of 15% during more volatile periods. Equity and Equity Related Instruments: 85% to 100% Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15% High
Flexi Cap Opportunities Fund (SFIN: ULIF014010223FLEXIOPFND140) Dynamic capital appreciation through diversified investments in companies across the market capitalisation spectrum. The fund will have the flexibility of moving into fixed income instruments to the extent of 15% during more volatile periods. Equity and Equity Related Instruments: 85% to 100% Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15% High
Pramerica Nifty Mid Cap 50 Correlation Fund (SFIN: ULIF017260423NIFMIDICOR140) To invest in equity and equity oriented instruments in order to generate returns that closely corresponds to the returns of the Nifty Mid Cap 50 Index subject to tracking errors. The fund would invest in securities that form part of the NIFTY Mid Cap 50 Index to achieve high correlation with the index within the regulatory framework permitted. Equity & equity oriented instruments: 90-100% Money Market Instruments: 0-10% High

In addition to above funds, an additional fund will be maintained for discontinued policies with the following asset allocation and SFIN.


Fund Name Asset Allocation SFIN Risk Profile
Discontinued Policy Fund Government Securities: 60% to 100% Money Market/cash: 0% to 40% ULIF01024/02 /11DISCONFUND140 Low

The minimum guaranteed rate of interest applicable to Discontinued Policy Fund will be specified by the Authority from time to time.

Policy Surrender

The Policy will acquire surrender value from the first Policy year but it becomes payable only after completion of 5 complete Policy years. The surrender value will be the value of units less discontinuance or surrender charges.

The Policy will acquire surrender value from the first Policy year but it becomes payable only after completion of 5 complete Policy years. The surrender value will be the value of units less discontinuance or surrender charges.

Discontinuance of Premium Payment

For the Policy discontinuance due to non-payment of premium, provision of discontinuance will be applicable as per Linked Insurance Product Regulations 2019. Please refer to the detailed plan brochure for further details.

For the Policy discontinuance due to non-payment of premium, provision of discontinuance will be applicable as per Master Circular on Life Insurance Products, 2024. Please refer to the detailed plan brochure for further details.

Please refer to sales brochure for further details

Entry Age##

Min

8 Years

Max

55 Years

Maximum Maturity Age##

75 Years

Policy Term

20 Years

Premium Payment Terms (PPT)

  1. 5 Years
  2. 10 Years
  3. 15 Years
  4. 20 Years

Premium

Minimum Premium:

Frequency PPT=5 Years PPT = 10, 15 or 20 Years
Annual Rs 36,000 Rs 30,000
Half-Yearly Rs 45,000 Rs 36,000
Quarterly Rs 50,000 Rs 42,000
Monthly Rs 60,000 Rs 48,000

Maximum Premium:

Rs 5 Crores, subject to Board Approved Underwriting Policy

Sum Assured

A multiple of Annualized Premium as defined below:
Premium Paying Term Sum Assured Multiplier
Age at Entry < 45 Years Age at Entry >= 45 Years to < 50 Years Age at entry >=50
5 7/10 7 5
10,15 or 20 7/10 7/10 5/10

Premium Payment Mode

  1. Annual
  2. Half-Yearly
  3. Quarterly
  4. Monthly*

## Age as on last birthday  *Monthly mode of Premium payment is available only through credit card, direct debit and ECS

Brochure

T&C Pramerica Life Smart Wealth+

Customer Information Sheet

NOTE: IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. This product does not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender or withdraw the monies invested in this product completely or partially till the end of the fifth year.

Pramerica Life Smart Wealth+: UIN No. 140L041V03.This product provides life insurance coverage. Goods & Services Tax will be charged over and above of the applicable charges from the unit fund. For more details on risk factors and terms & conditions including policy exclusion, please refer to the detailed plan brochure and policy terms and conditions before concluding a sale.