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Pramerica Life Insurance

Pramerica Life Insurance offers a wide variety of term insurance plans to suit your individual needs. They provide a wide range of life insurance solutions for individuals and groups, taking care of various aspects of financial protection. Since its inception in 2008, Pramerica Insurance Company has achieved immense growth with an extensive distribution network, customer support, and impressive annual premiums. Pramerica Life has a network of 133 branches across India, providing individuals with all kinds of insurance needs. Pramerica Life term insurance plans offer high sum assured and low premium rates, and customers can customize their plans based on their needs.

Pramerica Life Insurance Company ensures to look after your insurance needs by offering:

Economical Plans
Riders Benefit
Flexible Premium Payment Options
Affordable Premiums

COMPANY DETAILS

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Pramerica Life

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Hdfc Child

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans - ❯	No. of Plans - ❯
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) ₹ 2074.43 crores	Annual Premiums Collected (2024-25) ₹ Rs 1 lakh to No limit
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options -
Claim ratio	Payout Options 99.18%%	Payout Options Minimum Age- 0 years%
Solvency Ratio	Solvency Ratio 2.33	Solvency Ratio 70 years
Pan India Presence	Pan India Presence 134	Pan India Presence Annual, half-yearly,
Riders Available	Riders Available Accelerated Benefit Rider, Waiver of Premium Rider, Children's Term Insurance Rider, Return of Premium Rider, Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider	Riders Available 21 ninus child entry age
Policy Term	Policy Term 10 to 30 years	Policy Term 18 ninus child entry
Inception year	Inception year -	Inception year -
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected -	Complaint ratio per ₹1 crore of premium collected -
Average claim settlement time	Average claim settlement time -	Average claim settlement time -
IRDAI registration number	IRDAI registration number -	IRDAI registration number -
Awards and recognitions	Awards and recognitions -	Awards and recognitions -

Riders

Riders You Can Avail With Pramerica Life Insurance Plans

Name of the Riders	Benefits
Pramerica Life Accidental Death Benefit Rider	Under this rider, if the policyholder dies after 180 days of the occurrence of the accident, an additional benefit equal to the rider sum assured will be payable to the nominee immediately.
Pramerica Term Accidental and Total Permanent Disability Rider	Under this rider, upon the policyholder's disability due to an accident, a rider sum assured will be paid for treatment and managing monthly expenses.
Pramerica Term Critical Illness Rider	Under this rider, if the policyholder is diagnosed with any of the listed 36 critical illnesses, a rider sum assured will be paid to the nominee.
Pramerica Term Waiver of Premium Rider	Under Pramerica's Life Waiver of Premium Rider, if the policyholder is diagnosed with any of the listed 40 critical illnesses or is fully disabled due to an accident, all future premiums of the ongoing term plan will be waived off immediately.

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