PramericaTerm Insurance
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Pramerica Term Insurance Plans

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 premium. 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, low premium rates, and customers can customize their plan based on their needs.

Key Features of Pramerica Life Term Insurance

Pramerica Life Insurance offers a wide array of insurance plans to secure the future of your family and yourself. Let's have a look at some of the features of the company and what makes them one of the best available term insurance plans in the insurance industry.

  • Annual Premium: As per the IRDAI report 2021-22, Pramerica Life recorded an annual premium of Rs. 1098.78 Crores
  • Solvency Ratio: The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations.
    The Solvency Ratio of Pramerica Life Insurance company for 2021-22 is 4.0 (As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).
  • Claim Settlement Ratio: The company holds a good and reliable claim settling process with a CSR of 98.3%. (CSR as per IRDAI).
  • Operating Network: Pramerica Life Insurance Company has 133 branches across India and additional distribution touch-points through several new tie-ups and partnerships. Apart from its PAN India presence, it has partnerships and a strong base of financial consultants.
Pramerica Term Insurance Key Features

Benefits of Pramerica Insurance Company

  • Economical Plans: Pramerica Life Term Plan provides you with comprehensive cover and financial security for your family.
  • Term Plan Riders: The plans are customizable in a way that adding riders to your plan will provide you with enhanced coverage.
  • Flexible Premium Payment Options: Pramerica Insurance offers flexible premium payment options, available in all of their insurance products including term plans like one time or for a limited period.
  • Tax Benefits: Tax Benefits can be availed for premium payments of Pramerica Term Plans under sections 80C and 10 (10D) of the income tax act 1961.
  • Attractive Premium for Term Plans: Term Insurance Plans offered by Pramerica Life have impressive premium rates for males and females, especially for people with a healthy lifestyle and who are non-smokers.
  • Maturity Benefit: Pramerica offers you all your premiums paid, back on survival till the completion of your policy.

Pramerica Life Term Insurance Plans

Pramerica Life offers Term Insurance Plans to secure your loved ones and promise them an easy lifestyle in case of any unfortunate events. Pramerica life offers 3 different Term Insurance plans to suit your needs and requirements:

Pramerica Life Saral Jeevan Bima

A non-linked, non-participating individual pure risk premium insurance plan providing financial protection to you and your family.

Unique Features

  • Convenient Premium Payment.
  • Tax Benefits
  • Policy Term from 5 years to 40 years.

Pramerica Life TruShield

A plan designed especially to provide pure insurance cover along with a return of premium on maturity for the benefit of your loved ones.

Unique Features

  • Comprehensive cover.
  • Flexible plan options.
  • Offers maturity benefit.

Pramerica Life U-Protect

Pramerica Life U-Protect is a plan designed that ensures cover for the benefit of your loved ones at a very nominal cost.

Unique Features

  • An affordable plan
  • Attractive premium options.
  • special premiums for non smokers

Other Term Insurance Companies

Pramerica Term Plan Exclusions

1. Pramerica Saral Jeevan Bima

Suicide Exclusion

  • Under Limited Premium and Regular Premium: If the Life Insured commits suicide within 12 months from the date of commencement of risk or date of revival of the policy, as applicable, the company would pay an amount equal to 80% of the total premiums paid till the date of death (excluding any underwriting extra, taxes and rider premium(s), if any, provided the policy is in force).
  • Under Single Premium: If the Life Insured commits suicide within 12 months from the date of commencement of risk, the company would pay an amount equal to 90% of the Single Premium (excluding any underwriting extra, taxes, and rider premium(s), if any).

2. Pramerica Life U-Protect

If the Life insured commits suicide within 12 months from the date of commencement of risk or date of revival of the policy, as applicable, the company would pay an amount equal to the higher of 80% of total premiums paid till the date of death (excluding any underwriting extra) or Surrender Value as on the date of death, provided the policy is in force.

How To Buy Pramerica Term Insurance Plans?

Pramerica Life allows you to buy a term insurance plan 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 the buying process.

Steps to buy from

  • 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 policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from Pramerica Life Insurance company

  • Visit the official website of Pramerica Life Insurance Company.
  • Click on 'Life Insurance Plans' on the navigation bar and select 'Protection Plans'.
  • Click on the 'buy now button and fill in the required details.
  • Tap on 'next' and select a plan as per your requirements.
  • Select the cover option you want and make your payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

How to File Pramerica Term Insurance Claims?

Filing a claim for Pramerica Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for Pramerica Term Plan, you need to follow the below-mentioned steps.

1. Claim Intimation

Inform the company about the incident via various channels- by writing an email to, calling on the toll-free number- (1800-102-7070), or visiting the official website of Pramerica Life Insurance and filling the online claim form on its website, or by visiting the nearest branch. The following details have to be provided during the intimation of your claim:

  • Date of death/Critical Illness
  • Policy Number
  • Name of the policyholder
  • Name of the nominee
  • Phone number
  • Email ID
  • City
  • State
  • Address

A claim reference number/intimation number will be provided to you upon successful registration of the claim.

2. Document Submission

Submit the necessary documents requested by the company to process the claim. In the case of natural death-

  • Death claim form.
  • Death certificate.
  • Original policy documents.
  • Claimant's identity & residence Proof.
  • Medical records at the time of death & past illnesses.
  • Account details of the nominee

In the case of unnatural death (Accidental death/Murder/Suicide)-

  • Death claim form.
  • Death certificate.
  • Account details of the nominee.
  • Original policy documents.
  • Claimant's identity & residence Proof.
  • FIR, police inquest report & panchanama.
  • Post mortem report.

3. Claim Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. 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 call or email.

How to Contact Pramerica Life Insurance Company?

Pramerica Life Insurance Limited, 4th Floor, Building No. 9 B, Cyber City, DLF City Phase III, Gurgaon-122002

Toll-Free Number: 1800-102-7070
(9:30 am to 6:30 pm IST)
Give a missed call to get a call back: 1800-102-7986

Term Insurance Articles

Pramerica Term Insurance: FAQs

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

4. What are the mode of payments offered by Pramerica term insurance?

Policyholders can pay the premium of their Pramerica term insurance plans through the following modes:

  • Debit Card
  • Credit Card
  • Net Banking
  • ECS
  • At SBI Branches
  • At Axis Branches
  • Cash/Cheque at the nearest branch

5. How can I check the policy status for Pramerica Term Insurance plans?

You can check the policy status of Pramerica Term Insurance plans by entering your user ID and password into your account and then clicking on the Policy Details tab, the next tab will show you the status of your policy.

6. Can I buy the Pramerica term insurance plan if I am serving the armed forces? What are the exclusions under the Pramerica Term plans?

Yes, you can buy the Pramerica term plan. There are NO specific exclusions apart from the suicidal death.

7. What details do I need to submit about the nominee(s)?

Following are the details that are necessary when filling in the proposal form:

  • Full name of the nominee
  • Address
  • Age
  • Relationship between you and the nominee

8. How do I cancel my Pramerica Life term insurance policy?

You can surrender your Pramerica term insurance policy by giving the reason(s) for policy surrender and the surrender form needs to be submitted at the nearest DHFL Pramerica Life Insurance branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder's name on it.

9. Is Pramerica a good company?

Pramerica Life insurance is one of the most trustworthy insurance companies and has a strong customer base.

10. How can I renew my Pramerica Life Term Insurance Policy?

There are two ways to renew a Pramerica insurance policy.

A cheque pick-up facility is available wherein the company staff can come and pick up the cheque at your doorstep and you can also pay online by visiting their website and entering your details.

Pramerica Term Insurance Reviews

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