Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹54,600 in taxes under 80C & 80D. Buy a term insurance plan now!
View Plans

Pramerica Life Insurance T&Cs

122 reviews Rate This
Claim Settlement Ratio98.61%
Customer Care1800 102 7070
Death Benefit Paid For560 Policies
Presence138 Offices Pan India
Total Death Benefit Paid22.44 Crore

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Pramerica Life Insurance Life T&Cs

The following terms and conditions govern the Pramerica life insurance policy:

1. Free-look Period: Pramerica offers 15 days of free-look period in case you are not satisfied with your DHFL life insurance policy. The policy can be canceled/returned to the insurance company by stating the valid reasons for cancellation or return of the policy.

2. Grace Period: In case you fail to pay the due premium for your Pramerica life insurance policy, the company offers you a grace period. DHFL Pramerica Life Insurance offers a grace period of 30 days for yearly and half-yearly premium payments and 15 days for monthly premium payments.

3. Suicide Exclusion: In case the life assured commits suicide within 12 months of policy issuance, 80% of the total premiums paid till the date of death will be returned to the life assured’s family member after deducting underwriting charges as applicable.

4. Nomination: Pramerica offers the policyholder to name the nominee in order to collect the policy benefits in his absence. The company also has a procedure to get the nominee changed if the policyholder desires to do so.

5. Assignment Allowed: Pramerica DHFL Life Insurance Company allows the assignment option. In this particular service or option, a policyholder can transfer the entire policy with all the benefits to someone else’s name.

6. Taxation: The Pramerica life insurance company offers the policyholders taxation benefits under sections 80C and 10D of the Income Tax Act. These particular sections are explained in detail below:

  • Section 80C of the Income Tax Act stipulates that any person holding a life insurance policy will be offered income tax deduction on premiums ranging maximum up to Rs. 1,50,000/-.
  • Section 10D is also a section of the Income Tax Act, which dictates that the benefits that are earned under any sort of a life insurance policy are not subjected to the income tax bracket.

7. Renewal: The renewal of the policy will ensure all the benefits are assured during the policy, along with assured benefits at the end of the policy term. Since the term insurance doesn’t have a maturity benefit, it is best to keep the policy in force; otherwise, an untimely unfortunate event may be even more hard-hitting to your family.

8. Inform Changes: Pramerica deems it to be the policyholder’s responsibility to keep the company informed about all the changes that are happening with context to their lives in terms of contact details, job status, or the change in income status.

9. Duplicate Policy Document: If the policyholder at Pramerica loses his/her original policy document, then the duplicate can be obtained by submitting a request to the company for the same in writing.

10. Disclosure of Information: Pramerica Life Insurance Company recommends that the policyholder should disclose all the information truthfully and to the best of their knowledge otherwise the policy may stand to be rejected by the company if evidence of fraud or misdirection is found the policyholder’s end.

11. Grievance Redressal: If the beneficiary, policyholder, or nominee of the Pramerica life insurance policy has any grievances with the staff or any procedure related to the company and their interaction then they can take it up through the grievance redressal procedures given on the official website.

12. Jurisdiction: All the terms and conditions laid down by the Pramerica life insurance company are according to the Indian constitution and under Indian jurisdiction.

13. Exclusive Rights: The company has the sole rights to review, edit, add, or delete the terms and conditions laid down by it anytime the company deems fit.

Latest News on Pramerica Life Insurance

Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers

Life Insurance News

Pramerica Life Insurance User Reviews

Write your review
What users are saying
  • All
  • The Pramerica Life Insurance Policy I selected through InsuranceDekho had comprehensive inclusions. The detail...

    Read More
    By Suhani Shah
    On: Nov 22, 2023
  • Convenience is key in today's fast-paced world. InsuranceDekho's online platform makes managing my Pramerica L...

    Read More
    By Lopa Bhatt
    On: Sep 27, 2023
  • InsuranceDekho's Pramerica Life Insurance Policy also offers cash value accumulation over time, providing valu...

    Read More
    By Pooja Bhatia
    On: Sep 13, 2023
  • I appreciate that InsuranceDekho's life insurance policy is designed with families in mind. It gives me confid...

    Read More
    By Zaid Khan
    On: Sep 08, 2023
  • The steps to buying the insurance plans from the InsuranceDekho website are really easy. I had to follow some ...

    Read More
    By Bilal Vohra
    On: Sep 06, 2023

Claim Process at Pramerica Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

Best Insurance Advisors in Your City.

Pramerica Life Insurance Contact Details

Reach us for help anytime
Find the right Pramerica Life Insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.