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Pramerica Life vs Hdfc Life

Pramerica Life

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.

Hdfc Life

HDFC Life is a joint venture between HDFC Ltd., India& 039;s leading housing finance institution, and Aberdeen PLC. It is present in around 980+ towns and cities in India.

COMPANY DETAILS

Pramerica Life

Hdfc Life

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 1435.39 crore	Annual Premiums Collected (2023-24) 962.83 Cr.
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options Lump sum, fixed payouts, or a combination of both
Claim ratio	Claim ratio 98.8%%	Claim ratio 99.3%
Solvency Ratio	Solvency Ratio 4.1	Solvency Ratio 2
Branches	Branches 137+	Branches 372 branches
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental and Total Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider	Riders Available Income Benefit on Accidental Disability Rider, Critical Illness Plus Rider, Protect Plus Rider, Health Plus Rider
Policy Term	Policy Term 5 to 35 years	Policy Term 10 to 40 years

Know More About Companies

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 required. Since its inception in 2008, Pramerica Insurance Company has leaped towards 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

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 with immediate effect.
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 the 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	IUnder 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 then all the future premiums of the ongoing term plan will waived off with immediate effect.

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