Pramerica Term Insurance

Free Quotes From Top Companies



Phone No.




By proceeding you are accepting our privacy & terms

Pramerica Term Insurance

Formerly known as DHFL Pramerica Life Insurance Company Limited, Pramerica Life Insurance started as a joint venture between Prudential International Insurance Holdings (a fully-owned subsidiary of Prudential Financial, Inc.) and DHFL Investment Limited (a fully-owned subsidiary of Dewan Housing Finance Corporation Limited). The company started its operations in PAN India on 1st September 2008. Currently, the company is operating with a distribution network of more than 135 branches and more than 2400 employees across the country.

The term insurance plans offered by Pramerica Life insurance come with features like High sum assured, low premium rates, and customers can customize their plan based on their needs.

Features Of Pramerica Term Insurance Plans



These term plans allow the policyholder to customize their plan as per their needs and convenience.

Low Premium Rates

Low Premium Rates

It offers lower premium rates for a non-smoker.

Benefits Of Pramerica Term Insurance Plans

Buying a Term Plan from Pramerica Life Insurance not only protects you and your loved ones but also offers several benefits such as:




Flexibility In Premium
Payment Term

Claim Settlement Ratio Of Pramerica Life Insurance Company

Before investing in any plan, the customer needs to check the insurer’s claim settlement ratio (CSR), which gives an insight into the claim settling capability of the company.

The company has maintained its claim settlement ratio above 94% in the last four years. To get a better idea about the company’s claim settlement ratio, has conducted some research and made a graphical representation to show you the Claim Settlement Ratio of top insurers.

Claim Settlement Ratio of Pramerica Term Life Insurance & other top Insurers

Claim Settlement Ratio of Pramerica Term Life Insurance & other top Insurers

**Data has been sourced from IRDAI's Annual Report

Pramerica Term Insurance Plans In India

Plan NamesWho should buy it?
Pramerica Life Saral Jeevan BimaThose individuals who want customization in the policy term.
Individuals who want flexibility in premium payment mode.
Pramerica Life TruShieldIndividuals who want death and maturity benefits in a single plan
Individuals who are looking for an additional shield cover in a policy
Pramerica Life U-ProtectIndividuals who are looking for a high sum assured with no maximum limit

Pramerica Term Plans - An Overview

We will briefly discuss the above-mentioned plans in this section.

  1. Pramerica Life Saral Jeevan Bima

    It is a non-participating, non-linked pure risk premium insurance plan that offers life cover and financial protection to the policyholders and their loved ones.

    Key Features

    • It offers flexible premium payment with options to choose from Regular, Limited, or Single pay.
    • It offers options in policy terms from 5 years to 40 years as per the customer’s protection needs.
    • It offers a grace period of 30 days in the case of yearly and half-yearly premium payments and 15 days of grace period in the case of monthly premium payment.
    • It offers to choose the sum assured from 5 lakh to 25 lakh as per the requirement of the customers.

    Eligibility Criteria

    Entry ageMinimum: 18 years
    Maximum: 65 years
    Maximum Maturity Age70 years
    Minimum sum assuredINR 5,00,000
    Maximum Policy Term40 Years
  2. Pramerica Life TruShield

    It is a simple term insurance plan with returns of premiums on maturity for the benefit of you and your loved ones.

    Key Features

    • It offers life insurance cover along with the additional shield cover.
    • It offers flexibility in selecting the death benefit option to choose between Level Cover or Reducing Cover as per your need and requirement.
    • It offers flexible premium payment options to choose from Regular, Limited, or Single pay.
    • It offers a high sum assured i.e. is up to 50 crores.
    • It offers both death and maturity benefits along with life insurance.

    Eligibility Criteria

    Entry ageMinimum: 18 years
    Maximum: For 7-year policy term: 50 years, For 10-year policy term: 55 years*, For 12-year policy term: 50 years, For 15-year policy term: 50 years, For 20-year policy term: 45 years
    Maximum Maturity Age65 years
    Minimum sum assuredINR 5,00,000
    Maximum Policy Term20 Years

    *For Policy terms of 10 years with the Regular Pay option: the Maximum Entry Age is 50 years.

  3. Pramerica Life U-Protect

    It is a plan designed to protect your family and lead it towards comfortable living.

    Key Features

    • It offers a comprehensive life insurance plan at a minimal cost.
    • This plan encourages customers to quit smoking by offering lower premium rates.
    • It offers lower premium rates to female policyholders.
    • It offers additional riders along with the plan that can be opted by the customer.

    Eligibility Criteria

    Entry ageMinimum: 18 years
    Maximum: 55 years
    Maximum Maturity Age65 years
    Minimum sum assuredINR 25,00,000
    Maximum Policy Term30 Years

How To Purchase Pramerica Term Insurance Plan

You can buy the plan through the official website of the company. Let's discuss both in detail.

Purchase with Pramerica Life Insurance

Claim Settlement Process Of Pramerica Term Insurance

The claim process at Pramerica Life insurance involves the following steps:

Claim Process PNB MetLife

1. Intimate The Company

Intimate the company about the claim and give them this information:-

  • Date of death/critical illness
  • Policy number
  • Name of the policyholder
  • Name of the Nominee
  • Address of the person who is intimating the claim
  • Contact number

These are 3 ways in which a customer can intimate the company about the claim

  • Online claim intimation
  • Walk into any nearest Pramerica Life Insurance branch
  • Write an Email at claims[at]pramericalife[dot]in.

For further help, customers can contact on Toll-Free number: 1800-102-7070.

Within 3 working days, the company will send an acknowledgment letter to the customer along with the other details.

2. Document Submission

  • Get the claim form and document information from the company’s official website or you can visit their nearest branch
  • Fill the claim form, and submit it with all the necessary documents to the company’s claim desk at:

Company Nearest Branch


Claims Department, Pramerica Life Insurance Limited, Ground floor, building no. 9, Tower B cyber city, DLF city phase 3, Gurgaon 122002, Haryana, India.

3. Claim Processing

  • The company will start the claim process once they receive the claim form & documentation.
  • One of the company’s representatives will be in touch with the claimant.
  • The company will communicate their decision to the claimant within 30 days of submission.

Insurance Calculator


1. Can I change the frequency of payment for my policy?

Yes, you can change the frequency of payment from low to high and vice-versa.

2. Will I need to submit additional documents?

If the need arises, the company will ask you to submit some additional documents.

3. How can I check the current status of my claim?

For any claim related query, please get in touch with us at:

  • Contact Claims Helpdesk: 0124-4697072 within Operational Hours: 9 AM to 6 PM (Monday - Friday)
  • Toll-Free Number: 1800-102-7070 Operational Hours: 9:00 AM to 9:00 PM (Monday - Saturday)
  • Mail us at

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.2/5 (5 Total Rating)

December 22, 2019

Ritvik Sharma


I brought life rakshak fold plan from Pramerica for my son. The plan offer me many benefit and I am able to secure my son's future. I am satisfied with this product and customer service given by the company.

April 16, 2020



I am having life policy from dhfl pramerica since last two years, and the plan they give me is very good and has affordable premium price. Till now i have not face any issue in the service of this company

January 8, 2020

Divya Negi


I recommend people to buy life insurance policy from DHFL Pramerica because this plan is good. I purchased policy from this company 3 years back and I have not face any issue in that till now.

October 2, 2019

Sanjay Srivastav


This company has fast customer service and sells good life insurance policy. I suggest all my friends and family also to buy life cover policy from DHFL pramerica company.

June 25, 2019

Rajni Tyagi


I brought life insurance policy from Pramerica company for my family and I'm happy with my decision. the policy gives good coverage and add on benefits.

Last updated on july, 2021

Get Instant Quotes