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:
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.
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.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
4.6
Rated by 858 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
Do you have any thoughts you’d like to share?