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Pramerica Life Term Insurance FAQs

100 reviews Rate This
Claim Settlement Ratio98.61%
Customer CareMon to Sat 9:30 AM to 6:30 PM
Death Benefit Paid For560 Policies
Presence138 Offices
Total Death Benefit Paid22.44 Crore

Term Life Insurance Premium Calculator


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

Best Pramerica Life Term Insurance Plans

1 Crore
2 Crore
    Tax Free
    1 Cr
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans


  • Does Pramerica term insurance plans cover suicide?

    If the life assured passes away due to suicide during the first 12 months from the date of policy issuance, the insurance company will provide 80% of the total premiums paid to the family member of the life assured.

  • What is the grace period offered for Pramerica term insurance plans?

    Pramerica Life Insurance offers a grace period of 30 days from the date of first unpaid premium. If you fail to pay the premium within the grace period the policy will lapse.

  • Does Pramerica Life Insurance Company offer a free-look cancellation period?

    Yes, Pramerica Life Insurance Company offers 15 days of free-look cancellation period from the date of policy issuance.

  • Why should I choose Pramerica Term Insurance?

    Pramerica Life Insurance offers affordable term insurance plans. The company offers high coverage at a reasonable cost. Pramerica Life Insurance has featured a high claim settlement ratio of 98.42% in the FY 2019-20.

  • Is nomination and assignment allowed under Pramerica term insurance plans?

    Yes nomination and assignment is allowed under pramerica term insurance plans.

Claim Settement

  • How can the claimant know about the status of the Pramerica term insurance claim?

    In case of Pramerica claim, the claim status can be checked by mailing on, or you can call the dedicated claims helpdesk on 0124-4697072.

  • Who will receive the claim money from Pramerica Life Insurance Company?

    The nominee will receive the money from Pramerica directly into their bank account. In case the nominee is a minor, the appointee will receive the money who will keep it safe till the nominee comes of age.

  • How long does it take for Pramerica Life Insurance Company to decide on the claim?

    Generally, the Pramerica claim settlement process takes 30 working days from the day of last document submission.

  • Who can be a nominee in a Pramerica term insurance policy?

    Typically, the nominee in Pramerica is a close relative or preferably, a person next of kin, but it all depends upon the policyholder, and anyone can be a nominee.

  • Can a Pramerica term insurance claim be rejected?

    Yes, Pramerica can within their rights reject a claim if they find any indications of fraud, non-disclosure of information, indications of the irrelevant claim.

Over View

  • What is the age to purchase a Pramerica Term Insurance policy?

    The age to purchase a Pramerica Term Insurance policy is between 18 and 50 years. The Trushield Policy has terms of 7, 10, 12, 15, 20 years thus the maximum age at which it can be purchased is 50 years, and the policy term for U-protect policy is 10 years -30 years and the maximum age for purchase is the same.

  • What is the minimum and maximum value of sum assured in Pramerica Term Insurance plans?

    The minimum sum assured in a Pramerica TruShield plan is Rs 5 lakhs, and the maximum is Rs. 50 crores. The minimum amount assured in DHFL Pramerica U-Protect plan is Rs. 25 lakhs, and there is no maximum limit which is subject to underwriting.

  • What is the premium payment frequency in Pramerica Term Insurance policies?

    Pramerica TruShield plan has an option of monthly, annual, or single premium payment, whereas the U-Protect plan has yearly and half-yearly premium options.

  • Which Term Insurance policy in Pramerica provides the premium amount at maturity?

    Pramerica TruShield term insurance returns the premium minus the tax amounts to the policyholder if they are alive at maturity otherwise the sum assured at the inception of the policy is offered to the family of the policyholder in an unfortunate event of death.

  • What is the maximum age at maturity for a policyholder in a Pramerica term insurance plan?

    The maximum age at maturity for a Pramerica term insurance policyholder is 65 years.


  • What is the minimum and maximum entry age for Pramerica Life Saral Jeevan Bima plan?

    Minimum entry age for Pramerica Life Saral Jeevan Bima plan is 18 years and maximum entry age is 85 years.

  • Is loan against insurance policy facility available for Pramerica term insurance plans?

    No, facility of loan against the insurance policy is not allowed under Pramerica term insurance plans.

  • What is the additional benefit under the Pramerica Life TruShield plan?

    Pramerica Life TruShield plan offers return of premiums in case the life assured survives the entire policy term. The premiums will be returned at the time of maturity of the insurance policy.

  • Are there any riders offered with the Pramerica Life TruShield plan?

    No, Pramerica Life TruShield plan does not offer any riders.

  • What are the documents required to purchase Pramerica term insurance plans?

    Documents required to purchase a Pramerica term insurance plans are as follows:

    • Photo Identity Proof (Adhaar Card, PAN Card, Voter’s ID Card etc.)
    • Application Form
    • Address Proof

Premium Calculator

  • Can riders be added to Pramerica Term Insurance and what happens to the premium amount?

    Yes, Riders can be added in a Pramerica term insurance, and the premium amount increases after addition of riders.

  • Does the Pramerica term insurance premium calculator take a lot of time to calculate the premium amount?

    No, the calculation is a task completed within minutes from start to end. If only calculation is taken into account without considering the entry of details, it is a task of seconds.

  • Where can one find the premium calculation calculator for Pramerica term insurance?

    The Pramerica term insurance can be easily accessed at the InsuranceDekho website in the life insurance section.

  • Is the premium amount calculated by Pramerica term insurance premium calculator exact?

    Yes, the premium calculated is exact even when you go for purchase. The only scenarios where premium can vary is if you add a new rider to the original policy or your smoking habit can affect the end premium. Disclosure of smoking information is essential; otherwise, the policy may be rendered null and void by the company for fraud due to non-disclosure of information.

  • What factors help to determine the Pramerica Term Insurance premium calculation?

    Factors which are crucial in the determination of the premium amount are the type of plan, insurance amount, policy term, your age, and gender. They affect the premium amount of Pramerica term insurance.

Pramerica Term Insurance User Reviews

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What users are saying
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  • Applying for the Pramerica Life Term Insurance Policy with InsuranceDekho was incredibly easy and convenient, ...

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    By Swapnil Goswamy
    On: Sep 13, 2023
  • I wanted to purchase a plan that did not overshoot my budget and provided me good coverage so I contacted the ...

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    By Abhay Raj
    On: Aug 28, 2023
  • I wanted to renew my Pramerica Life Term Insurance Policy from InsuranceDekho. I contacted the helpline number...

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    By Ruby Mehta
    On: Aug 23, 2023
  • The Pramerica Life Term Insurance Policy provided me with great coverage benefits. Also, I can avail of tax be...

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    By Manu Sharma
    On: Aug 16, 2023
  • InsuranceDekho's website is really amazing. I found their articles to be highly informative and educative, pro...

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    By Nishtha Saini
    On: Jul 25, 2023
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Pramerica Life Term Insurance Contact Details

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Claim Process at Pramerica Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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