What is Sarv Jan Suraksha?

UIN: 140N080V01

Pramerica Life Sarv Jan Suraksha is a comprehensive protection plan that provides financial protection against the risk of death to the members of the group covered under the policy. This plan is designed to cater to a variety of groups like Micro Finance Institutions (MFI’s), various types of Financial Institutions, NBFC’s, Banks or Co-operative Societies.

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Why choose this plan

Assured Protection

Sum Assured, as per the option chosen, shall be payable upon the unfortunate demise of the member insured.
Single Premium

Pay just for one time and remain covered for the entire Policy Term.
Simplified Procedures

Procedures are hassle free. Insurance cover for eligible members under a scheme is affected with a single Policy document issued to the Master Policyholder.

Learn more about the plan

1

A minimum of 5 members are required to avail this Group Policy.

2

The Master Policy holder has the flexibility to choose Cover Options, Sum Assured and Coverage Term.

3

The premium of a member is calculated basis factors viz. Entry Age; Sum Assured, Coverage Term and Cover Option.

4

A rebate of 5% would be given on the premium chargeable for the younger life for the risk cover on “Joint Basis”.

The sum assured criteria under a particular group scheme may be as follows:

• A Uniform Cover

• A Graded Cover, or

• A Loan Linked Cover

Further, the following sum assured are available under the product,

Option A: Fixed Sum Assured throughout the policy term

Option B: Reducing Sum Assured as per the Benefit Schedule fixed at policy inception.

Under option B, the coverage Sum Assured will be as per the benefit schedule generated at the commencement of the cover considering the applicable interest rate.

Option B shall be available to loanees only. The applicable option will be chosen by the Master Policyholder. 


Eligibility

Parameters

Age at entry#

Minimum

14 years for Education Loan
18 years for all types of groups except Education Loan

Maximum

68 years


Maximum Maturity Age#

70 years


Policy Term

1 month

120 months


Policy Term can be chosen in multiple of one month up to 36 months and in multiple of one year (12 months) thereafter up to 120 months


Premium Paying Term

Single Premium


Sum Assured

₹5,000 (per member)

₹ 2,00,000 (per member)


Group Size

5 members for schemes

No Limit



#Reference to Age is on last birthday

Downloads

Policy Brochure

Download

T&C - Sarv Jan Suraksha

Download

Why choose Pramerica Life Insurance

99.18% Claim Settlement Ratio

Individual Death Claim Paid Ratio as per audited financials for FY 2024-25

134 Branches PAN India

As reported on Mar 2025

Over 5.2 Million Lives Secured

As on September 2023

Need assistance?

We are happy to help you. Talk to our expert and choose the right plan as per your needs.

I hereby authorise Pramerica Life to communicate with me on the given number for my Insurance needs. I am aware that this authorization will override my registry under NDNC.
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Disclaimer: 

This product provides Life Insurance coverage. Pramerica Life Sarv Jan Suraksha UIN: 140N080V01. Goods & Services Tax will be charged over and above the quoted premium. Tax Benefits may be available as per the applicable laws as amended from time to time.