About Param

In India, Pramerica Life has been closely associated with the Central Armed Police Forces and Paramilitary Forces since 2015 through our dedicated channel Param.

  • Provides financial protection against service-related risks, including War and War-like scenarios
  • Complements existing group insurance programs, offering additional protection and savings benefits
  • Extends protection beyond service by ensuring well-being even in retirement

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What makes Param unique

For over a decade, Pramerica Life Insurance has made a steadfast commitment towards the honour, welfare and financial protection of soldiers of the Central Armed Police Forces and Paramilitary who dedicate their lives to protect the countrymen. We stand committed for the entire community of soldiers, veterans and their families; to serve their financial wellness requirements, organise their finances and help them succeed

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Coverage of war and war-like situations

Products tailored for diverse and challenging situations including:

  • Conventional warfare
  • Low-intensity conflict
  • Counterinsurgency
  • Disaster management
  • Internal Security
  • Training & Exercises
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Swift claim processing with Demi-official letter

Claims swiftly processed (T+3 working days) via CO/OIC-initiated Demi Official letter.

  • Expedited processing
  • Waiver on death certificate for personnel in 'Low-intensity conflict' zones.
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Customized insurance products

Products tailored for the distinct financial protection needs of Armed Forces, CAPF, Paramilitary Forces, and their families.

  • Pramerica Life Rakshak Smart
  • Pramerica Life RockSolid Future
  • Pramerica Life Magnum Assure

888* Veterans

Trained work force among other professionals

133^ Branches

covering 25 States and 5 UTs

7,300#

Veterans employed since inception

3.03* Lakh

Lives secured (Serving armed forces, CAPF, Paramilitary Forces personnel and veterans)

Plans that work best for our soldiers

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Pramerica Life RockSolid Future
  • Choose to receive the benefits under the product as Lumpsum or as Income
  • Enhanced protection through Family Income Option and Dream Builder Option
  • Option to pay premium once or pay for 5 to 12 years
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Pramerica Life Rakshak Smart
  • Flexibility to choose from two plan options
  • Flexible Premium Payment Modes
  • Comprehensive death benefit in Enhanced Life Option
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Pramerica Life Magnum Assure
  • Guaranteed Monthly Income for duration equal to Payout period
  • Flexibility to avail loan against your Policy
  • Tax Benefits and the benefits received as per the prevailing tax laws
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Need assistance?

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

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Disclaimers:

^Data as on 31st May 2023 to ^Data as on 31st August 2024.