Pramerica Life Saral Pension
Pay once and secure guaranteed regular income for
your entire retired life-
Benefit of higher annuity rates for large premium -
Flexibility to avail loan in case of emergency
A Non-Linked Non-Participating Individual Immediate Annuity Plan. UIN: 140N074V01
What is Saral Pension Plan?
UIN: 140N074V01
Worrying about financial security and comfort in your golden years is natural. A well-analysed preparation today can go a long way in equipping you to endure rising prices, increasing health costs and deliver to your higher life expectancy. Therefore,you need a plan that not only frees you from your retirement planning stress but also ensures that you continue to receive an income all through your retired life.
Presenting Pramerica Life Saral Pension, A Non-Linked Non-Participating Individual General Annuity Savings Plan, that puts your savings into an annuity to give you a guaranteed regular income in your retirement years.
Why choose this plan
Learn more about the plan
Eligibility
Entry Age
Minimum
40 years
Maximum
80 Years
Purchase Price
Minimum:
The Company will accept any amount, which in turn will result in the minimum annuity amount
Maximum:
Maximum: No Limit
Annuity Mode
Annuity Mode: Yearly, Half-Yearly, Quarterly and Monthly
Annuity
Minimum:
Annuity Mode
Annuity Amount (in ₹)
Yearly
12,000
Half-Yearly
6,000
Quarterly
3,000
Monthly
1,000
Maximum: No Limit
Goods & Service Tax and applicable cess will be charged over and above the quoted Purchase Price. For policies sold through POS Channel:
• Maximum Entry Age will be as per prevailing POS guidelines, as amended from time to time
• Only ‘Life Annuity with return of 100% of Purchase price (ROP)’ would be available
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Benefits of buying a Saral Jeevan Bima
Mode refers to the frequency of Annuity payment as chosen
by the Annuitant from the available modes of annuity i.e.
yearly, half-yearly, quarterly and monthly. The Annuity shall be
payable in arrears i.e. the annuity payment shall commence
after 1 year, 6 months, 3 months and 1 month from the Date
of Commencement of Policy depending on whether the mode
of annuity payment is Yearly, Half yearly, Quarterly and Monthly
respectively.
Loan can be availed any time after six months from the date of commencement of the policy. Maximum amount of loan that
can be availed under the policy shall be such that the effective
annual interest amount payable on loan does not exceed
50% of the annual annuity amount payable under the policy.
Under Joint Life option, the loan can be availed by the primary
annuitant and on death of the primary annuitant, it can be
availed by the secondary annuitant.
It is recommended that you continue with your policy to avail all benefits. However, in case of emergency you have an option to surrender the policy at any stage after six months from the date of commencement, if the annuitant (primary/secondary) or the spouse or any of the children of the annuitant (primary/ secondary) is diagnosed as suffering from any of the critical illness specified below, based on the documents produced to the satisfaction of the medical examiner of the Insurer.
On Approval of surrender, 95% of the Purchase Price shall
be paid to the annuitant, subject to deduction of outstanding
loan amount and loan interest, if any. On payment of surrender
value, the policy stands terminated. For the purpose of
surrender value calculation, the Purchase Price excludes taxes,
if any. Any change in the surrender value calculation method
shall be applicable only after prior approval of IRDAI.
Tax Benefits may be available as per the applicable laws as
amended from time to time. Please consult your tax advisor for
details.
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
Unshakeable life insurance products tailored for your needs
Pramerica Life
Super Investment Plan
- Benefit from Zero premium allocation charge in all years
- Return of Mortality & Waiver of Premium Charges on survival till the end of the Policy Term
Pramerica Life
Cancer + Heart Shield
- Covers different stages of Cancer and Heart conditions
- Monthly Income payable as recuperation benefit to meet your needs.
- No need to pay any premium from the date of first claim for next 3 Policy years
Pramerica Life
Rakshak Smart
- Flexibility to choose from two plan options
- Flexible Premium Payment Modes
- Comprehensive death benefit in Enhanced Life Option
A knowledgeable you is an informed you
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Disclaimer:
Pramerica Life Saral Pension: UIN No. 140N074V01. This product provides life insurance coverage. Goods & Services Tax will be charged over and above the quoted premium. For more details on risk factors and terms & conditions including policy exclusion, please refer to the detailed plan brochure and policy terms and conditions before concluding a sale.
BEWARE OF SPURIOUS / FRAUD PHONE CALLS: IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
