Pramerica Life Insurance
- 15+ life plans available
- Specialised plan for cancer
- 24*7 customer service
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
To get more insight into Pramerica Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:
Pramerica Life Insurance has a Solvency Ratio of 4.1 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
There are various features to the Pramerica Federal Life Insurance Plan. Let's understand each of them in detail:
There are multiple benefits of Pramerica Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
Once the life insured survives the whole policy term. Ageas federal life insurance pays the maturity benefit as per the plan.
All the Premiums paid for Ageas federal life insurance can be used for claiming tax benefits as per the Income Tax Act 1961.
Upon the unforeseen death of the life insured during the policy tenure, Ageas federal life insurance pays the death benefit among the highest of the following: 10 times of annual premium, sum assured, 105% of the total premium paid.
Here are the rider options you can avail with Pramerica Life Insurance Plans to enhance your coverage:
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.
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.
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.
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 then all the future premiums of the ongoing term plan will waived off with immediate effect.
Here is the list of documents required to buy Pramerica Life Insurance Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Pramerica Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Fill out the form given at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to make the payment. Once the payment is made, you will get a payment confirmation at your registered email address.
Visit the Pramerica Life Insurance Company official website and scroll down to the end of the page.
Click on the "Buy Online" tab under Popular Links.
Click on the tab 'Know More ' under.
Click on the tab 'Calculate' at the top right corner of the page.
Fill in the required details, and click on the tab 'Calculate'. Once the payment is made, you will get a payment confirmation at your registered email address.
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim settlement process at Pramerica insurance involves the following three steps
Inform the company about the incident via various channels-either by writing an email to Ageas Federal Life at- claims@Pramericalife.com, calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
You have to submit the necessary documents requested by the insurer to process the claim.
In case of natural death
Death claim form, Death certificate,Original policy documents, Claimant's identity & residence Proof, Medical records, Account details of nominee.
In case of Accidental Death
Same documents with two additional documents: FIR and Post-mortem report.
After receiving all the documents and claim forms, the insurer will verify the details as per their norms. If they require any additional details they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.
Pramerica Life insurance claim settlement procedure can be reported by visiting the local Pramerica Life Branch Office. For the details of Pramerica Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding Pramerica Life Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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