Pramerica Life Insurance

Pramerica Life Insurance is a collaboration between two different companies. The Prudential International Insurance Holdings Limited, which is a subsidiary of the Prudential Financial Incorporate and Investment Limited which is completely owned by Dewan Housing Finance Corporation Limited have come together to form this life insurance company. The two companies agreed to venture in life insurance in the year 2013. Pramerica Life Insurance has a network of 138 offices located all across India. The company provides special policies for the Defence personnel where they cover all the needs of our brethren in the defence forces. For this reason, they have been awarded the Pride of India award in 2018.

Apart from these, they have been bestowed with accolades time and again for the services and unique products they have been providing since their inception. The company received the Golden Star Award for Corporate Social Responsibility in 2018. Pramerica has won the Sales Champion Award at the 5th Annual Economic Times Insurance Summit 2018.

Pramerica Life Insurance is customer oriented, the insurance company aims to provide a seamless experience for its customers. The customer care team at Pramerica provide robust assistance and help in making an informed insurance related decision.

Types of Pramerica Life Insurance Plans

Pramerica Life Insurance has seven varied types of life insurance plans to cater to the needs of its customer base across India.

1. Term Plans: Pramerica Life Insurance offers 3 term insurance plans namely Pramerica Life Saral Jeevan Bima, Pramerica Life TruShield and Pramerica Life U-Protect. Pramerica Life Saral Jeevan Bima is a pure risk plan that provides a death benefit in case of your unfortunate demise during the policy term. Pramerica Life TruShield plan provides life cover along with return of premium at the time of plan maturity. Pramerica Life U-Protect plan is designed to ensure that your family is financially secured even in your absence.

2. ULIP Plans: Pramerica Life Insurance offers 4 ULIP plans namely Pramerica Life Wealth Enhancer, Pramerica Life Wealth Maximiser, Pramerica Life Wealth + Ace and Pramerica Life Smart Wealth+. These plans provide the customers with a combined investment and protection feature. There are various special features provided, and the customer can choose according to his/her preferences, goals, and situations.

3. Child Progress Plans: Pramerica Life Insurance offers 1 child progress plan i.e. Pramerica Life Rakshak Gold, this is a very progressive plan provided by the company. It is an endowment policy which takes care of your child if something unfortunate happens to you by giving out a death benefit. If the policyholder is alive, then also it provides a maturity benefit.

4. Health Insurance Plans: Pramerica Life Insurance offers 1 health insurance plan i.e. Pramerica Life Cancer + Heart Shield. This plan provides you and your family financial protection to overcome the expenses of critical illness like cancer and other heart related medical issues.

5. Savings Plans: Pramerica Life Insurance offers 7 savings plans namely Pramerica Life Secure Savings Plan, Pramerica Life Smart Income, Pramerica Life Smart Assure, Pramerica Life Flexi Cash, Pramerica Life Smart Cash Protect, Pramerica Life Roz Sanchay and Pramerica Life Magnum Assure. These plans provided by the Pramerica Life insurance are specially designed for the purpose of saving for a better future or a goal.

6. Group Plans: Pramerica Life Insurance offers 9 group insurance plans namely Pramerica Life Group COVID-19 Shield, Pramerica Life Group Traditional Employee Benefit Plan, Pramerica Life Group Health Kavach, Pramerica Life Sampoorna Suraksha, Pramerica Life Group Term Care, Pramerica Life Group Term Plan, Pramerica Life Sarv Suraksha, Pramerica Life Group Credit Life+ and Pramerica Life Dengue + Group Shield.