Pramerica Life Term Insurance Benefits

Pramerica Life Insurance started its operations in 2013 and has been one of the leading insurance providers in India. Pramerica Life Insurance offers affordable term insurance plans. The insurance company has featured a high claim settlement ratio. Pramerica Life Insurance is dedicated to provide quality products and services to its customers.

Pramerica Term Insurance Benefits

Pramerica Term Insurance policies, also known as protection plans, offer the following benefits:

1. High Claim Settlement Ratio: Pramerica Life Insurance Company has featured a claim settlement ratio of 98.42% in the FY 2019-20, which is one of the best in the country. The company strives to provide quality service to its clients. High claim settlement ratio of an insurance provider represents how reliable the insurance provider is.

2. High Assured Amount at Low Premium: Pramerica Term Insurance policies have a high assurance amount for its policyholders by asking them low and affordable premiums. The policy term ranges between 7 years and 30 years and provides coverage to the policyholder until 65 years of age.

3. Financial Assistance: Pramerica term insurance plans offer financial assistance to your family in case of your unfortunate demise during the policy term. These plans help you ensure a financially secured future for your loved ones even in your absence.

4. Return of Premiums: Pramerica Life Insurance offers a unique term insurance policy by the name of TruShield Term Insurance. The policy in the case of survival of the policyholder returns all the premium paid devoid of the taxes and processing charges at the time of maturity of the policy.

5. Tax Benefits: Pramerica Term Insurance policies provide tax benefits according to the current income tax laws. The policies provide benefits under section 80C and 10D of the Income Tax Act.