Pramerica Life vs Hdfc Investment Life Insurance 2026 | PolicyX

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Overview

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 ✎ Edit

Pramerica Life

✎ Edit

Hdfc Investment

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 2074.43 crores

Annual Premiums Collected (2024-25)

₹ 000 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 - 5 year%
Solvency Ratio

Solvency Ratio

2.33

Solvency Ratio

80 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

Minimum term - 6 years Maximum term - 30 years
Policy Term

Policy Term

10 to 30 years

Policy Term

5 to 12 years
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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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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