Pramerica Life Signature Wealth
Your future generation deserves a gifted future
Enjoy Guaranteed* Benefits 
Single Premium Payment
Choose Payout Structure - Lumpsum or Regular Income
A Non-Linked Non-Participating Individual Savings Life Insurance Plan. UIN: 140N091V02*This plan offers guaranteed benefits provided that the policy is in force
and all due premiums are paid in full.
Turn your financial dreams into reality with guarantee of Pramerica Life Signature Wealth
UIN:140N091V02
Pramerica Life Signature Wealth, is a simple yet powerful solution to fulfil your financial goals and provide financial security to your loved ones. This Plan eliminates the uncertainties and provides a guaranteed safety net for your family, ensuring wealth creation and realisation of your financial dreams.
Experience peace of mind with a Single Premium Plan that promises protection and guaranteed savings to lay the foundation for a lifetime of financial stability.
Why choose this plan
Learn more about the plan
Eligibility
Age at Entry (Single Life)
Minimum
91 days
Maximum
65 years
Age at Entry (Joint Life#)
Minimum
91 days
Maximum
55 years*
Maturity Age (Single Life)
Minimum
18 years
Maximum
80 years
Maturity Age (Joint Life#)
Minimum
18 years
Maximum
70 years*
Premium Payment Term (PPT)
Single pay
Policy Term (PT)
Minimum
5 years
Maximum
30 years
Single Premium^
Minimum
₹ 75,000
Maximum
No Limit, Subject to Board Approved Underwriting Policy (BAUP)
Sum Assured on Death
Single Life Coverage
1.25 times of Single Premium
Joint Life Coverage
10 times of Single Premium
Income period
NA
All reference to age are based on the age as on the last birthday. Substandard lives may also be covered subject to Board Approved Underwriting Policy and with any extra Premium, if applicable. Taxes as applicable will be charged over and above the quoted Premium.
Boundary conditions for policies sourced through Point of Sales Person (PoSP)
There will be no medical underwriting for policies sourced through POSP channel.
Age at Entry (Single Life)
Minimum
91 days
Maximum
60 years
Age at Entry (Joint Life#)
Minimum
91 days
Maximum
55 years*
Maturity age(Single Life)
Minimum
18 years
Maximum
65 years
Maturity age(Joint Life#)
Minimum
18 years
Maximum
65 years*
Premium paying term
Single pay
Policy Term (PT)
Minimum
5 years
Maximum
20 years
Income period
NA
Single Premium^
Minimum
₹ 75,000
Maximum
Corresponding to maximum Sum Assured on Death of 25 lacs.
Sum Assured on Death
Single Life Coverage
1.25 times of Single Premium, subject to maximum of 25 lacs as per the prevailing PoSP Guidelines, as amended from time to time
Joint Life Coverage
10 times of Single Premium, subject to maximum of 25 lacs, as per the prevailing PoSP Guidelines, as amended from time to time
*Applicable to both the lives
#In case of a Joint life policy:
-
a) The relationship between the two lives can be spouse/ child/ parent/ grandparent/ grandchild/ parent-in-law or sibling. Other relationships may be considered as long as there is an insurable interest between the two lives, which shall be established at the time of issuance of the policy as per our BAUP..
-
b) At the Inception of the Policy, One of the Life Insured must be a major life.
^Single Premium shall be the premium payable by the policyholder at the outset, excluding the taxes, underwriting extra premiums, and discounts, if any.
Premium Band
Single Premium (in ₹)
Band 1
Less than 3,50,000
Band 2
3,50,000 - 7,49,999
Band 3
7,50,000 – 19,99,999
Band 4
20,00,000 & above
Age at Entry (Single Life)
Minimum
91 days
Maximum
65 years
Age at Entry (Joint Life#)
Minimum
91 days
Maximum
60 years*
Maturity Age (Single Life)
Minimum
18 years
Maximum
80 years
Maturity Age (Joint Life#)
Minimum
18 years
Maximum
70 years*
Premium Payment Term (PPT)
Single pay
Policy Term (PT)
Minimum
5 years
Maximum
15 years
Single Premium^
Minimum
₹ 75,000
Maximum
No Limit, Subject to Board Approved Underwriting Policy (BAUP)
Sum Assured on Death
Single Life Coverage
1.25 times of Single Premium
Joint Life Coverage
10 times of Single Premium
Income period
20 | 25 | 30 Years
All reference to age are based on the age as on the last birthday. Substandard lives may also be covered subject to Board Approved Underwriting Policy and with any extra Premium, if applicable. Taxes as applicable will be charged over and above the quoted Premium.
Boundary conditions for policies sourced through Point of Sales Person (PoSP)
There will be no medical underwriting for policies sourced through POSP channel.
Age at Entry (Single Life)
Minimum
91 days
Maximum
60 years
Age at Entry (Joint Life#)
Minimum
91 days
Maximum
60 years*
Maturity age(Single Life)
Minimum
18 years
Maximum
65 years
Maturity age(Joint Life#
Minimum
18 years
Maximum
65 years*
Premium Payment Term (PPT)
Single pay
Policy Term (PT)
Minimum
5 years
Maximum
15 years
Income period
20 | 25 | 30 Years
Single Premium^
Minimum
₹ 75,000
Maximum
Corresponding to maximum Sum Assured on Death of 25 lacs.
Sum Assured on Death
Single Life Coverage
1.25 times of Single Premium, subject to maximum of 25 lacs as per the prevailing PoSP Guidelines, as amended from time to time
Joint Life Coverage
10 times of Single Premium, subject to maximum of 25 lacs, as per the prevailing PoSP Guidelines, as amended from time to time
*Applicable to both the lives
#In case of a Joint life policy:
-
a) The relationship between the two lives can be spouse/ child/ parent/ grandparent/ grandchild/ parent-in-law or sibling. Other relationships may be considered as long as there is an insurable interest between the two lives, which shall be established at the time of issuance of the policy as per our BAUP.
-
b) At the Inception of the Policy, One of the Life Insured must be a major life.
^Single Premium shall be the premium payable by the policyholder at the outset, excluding the taxes, underwriting extra premiums, and discounts, if any.
Premium Band
Single Premium (in ₹)
Band 1
Less than 3,50,000
Band 2
3,50,000 - 7,49,999
Band 3
7,50,000 – 19,99,999
Band 4
20,00,000 & above
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Benefits of buying a Signature Wealth plan
This plan provides two Plan Options and helps you customize the plan according to your individual needs. The benefits depend upon the Chosen Plan Option and Coverage type.
Single Life Coverage:
In the unfortunate event of death of the Life Insured during the Policy Term, the Death Benefit shall be higher of:
• Sum Assured on Death (or)
• Death Benefit Multiple^ times Single Premium (or)
• 105% of Total Premiums paid which is Single Premium (Including discount, if any) till the date of death (or)
• Surrender Value as on date of death#
Upon the payment of death benefit, the policy shall terminate and no further benefits shall be payable.
Joint Life Coverage:
On First Death during the Policy Term: Death Benefit payable on first death of any of the lives Insured shall be higher of:
• 1.25 times of Single Premium (or)
• 105% of Total Premiums paid which is Single Premium (Including discount, if any) till the date of death.
Upon payment of above benefit on First Death, the policy will continue for the surviving life Insured
On Second Death during the Policy Term: Death Benefit payable on second death shall be highest of:
• Sum Assured on Death (or)
• Death Benefit Multiple^ times Single Premium (or)
• 105% of Total Premiums paid which is Single Premium (Including discount, if any) till the date of death (or)
• Surrender Value applicable as on date of death#
Simultaneous death of both lives during the Policy Term:
In case of Simultaneous death of both the lives, Death Benefit as mentioned above for ‘First Death’ and ‘Second Death’ shall be
payable, basis the inference that younger life died first.
Upon the payment of death benefit on Second Death, the policy shall terminate and no further benefits shall be payable
Death during Income Period:
In case of Death of the Life Insured or surviving Life Insured (In case of joint life coverage) during the Income Period, Nominee/
Beneficiary shall continue receiving all future payouts as and when due or shall have the option to receive a Lumpsum value instead
of the future payouts which shall be the present value of the future payouts, discounted at 30yr Gsec + 2%. The interest rate shall
be recalibrated at least semi-annually (in April and October) or when the fluctuations in yield is more than 50bps.
For Plan Option 1 (LumpSum Option): At maturity, The Beneficiary shall receive Sum Assured on Maturity which is a LumpSum amount equal to Guaranteed Maturity Benefit. The policy shall terminate on the payment of maturity benefit and no further benefits shall be payable.
Guaranteed Maturity Benefit defined as a percentage of Single Premium varies on the basis of Chosen Policy Term, Premium Band and Age at entry of both the lives (in case of Joint life).
For Plan Option 2 (Regular Income Option): Maturity Benefit shall be paid in arrears as Guaranteed Income Benefit as per the chosen income pay-out frequency from the end of policy term for the chosen Income Period. The Single Premium shall also be paid back along with last Income Instalment. No further benefits shall be payable after last Income Instalment.
Guaranteed Income Benefit is defined as a percentage of Single Premium varies on the basis of Chosen Policy Term, Premium Band and Age at entry of both the lives (in case of Joint life).
On the maturity date, the policyholder shall have an option to receive the Sum Assured on Maturity, which under this option shall be present value of the future payouts, discounted at a rate of 9.30% p.a. This rate is not guaranteed, however, any change shall be subject to IRDAI’s approval and shall be applicable to new policyholders only.
At any time during income period, the policyholder shall have an option to receive a lump sum value instead of the future payouts
which shall be the present value of the future payouts, discounted at then prevailing 30yr Gsec + 2%.
The policy shall acquire surrender value immediately on payment of Single premium. The policy shall terminate after payment of surrender value and no further benefit shall be payable. Surrender value payable shall be higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV), Please refer to policy documents for details.
The Policyholder may avail a loan under this policy after the policy acquires a surrender value. The total amount of loan that can be availed shall be limited to a maximum of 75 per cent of the Surrender Value at any time. The Policyholder shall be required to pay interest on the outstanding loan at a rate as determined by the Company from time to time. The rate of interest shall be reset on an annual basis at the beginning of every financial year (April) and will be determined based on the average 10-year G-Sec YTM plus 150 bps rounded down to 25 bps. The average of the benchmark will be taken from the previous financial year for the period 1st July xxxx to 31st Dec xxxx. The source of information for the 10-year GSec rate would be “CCIL”. The current applicable rate of interest on policy loan is 8.75% per annum, which will be applicable for the FY 2025-25.
Premiums paid under this plan may be eligible for tax exemptions, subject to the applicable tax laws and conditions. Income tax benefits under this plan, if any, shall be applicable as per the prevailing Income Tax Laws and are subject to amendments from time to time. Kindly consult a tax expert.
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:
A Non-Linked Non-Participating Individual Savings Life Insurance Plan
UIN: 140N091V02
This product provides Life Insurance coverage. 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. This plan offers guaranteed benefits provided the policy is in force and all due premiums are paid in full. Please refer to policy document for further details of the terms and conditions.
