Pramerica Life Invest Shield
Get Higher Life Cover & Build Long Term Wealth
Grow your corpus with the market linked return-
Get cover up to 100 times* of your premium
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Smart protection for a growing future with Invest Shield
UIN: 140L093V01
In today’s economic landscape, to maintain financial health, individuals seek options that allow their funds to multi task and deliver additional benefits on top of life protection. Pramerica Life Invest Shield does that — it gives your family strong life cover while also building wealth through market-linked returns, so your funds grow as fast as your dreams and ambitions. Security and savings, seamlessly combined in Pramerica Life Invest Shield.
Features of a Invest Shield
Protection
Get the benefits of higher life cover and secure your family’s future against life’s uncertainties.
Market linked return
Grow your corpus with higher market return
Persistency Boosters and Maturity Additions
Get Persistency boosters at specific interval and maturity additions at maturity to enhance your fund.
Two plan option
Classic-With Allocation Charge & Pro-Without Allocation Charge.
Investment strategies
Choice of two investment strategies and nine fund options to suits your investment.
Return of Mortality and allocation charges
Return of mortality and allocation charges to boost the fund value.
Learn more about the plan
Eligibility
| PPT/PT | 25 | 30 | 35 | 40 |
|---|---|---|---|---|
| 5 | ✔ | ✔ | ✔ | ✔ |
| 7 | ✔ | ✔ | ✔ | ✔ |
| 10 | ✔ | ✔ | ✔ | ✔ |
| 12 | ✔ | ✔ | ✔ | ✔ |
| Regular Pay | ✔ | ✔ | ✔ | ✔ |
|
Mode Installment Premium |
Annual 48,000 |
Semi-Annual 24,000 |
Quarterly 12,000 |
Monthly** 4,000 |
| No Limit, subject to BAUP |
| Premium Band | From (Rs.) | To (Rs.) |
| Band 1 | 48,000 | 99,999 |
| Band 2 | 1,00,000 | and above |
| Base Cover Multiple | Age<50 | Age >=50 |
| Min | 7 times of AP$ | 5 times of APAP$ |
| Max | Subject to BAUP | |
| PPT/PT | 25 | 30 | 35 | 40 |
|---|---|---|---|---|
| 5 | ✔ | ✔ | ✔ | ✔ |
| 7 | ✔ | ✔ | ✔ | ✔ |
| 10 | ✔ | ✔ | ✔ | ✔ |
| 12 | ✔ | ✔ | ✔ | ✔ |
| Regular Pay | ✔ | ✔ | ✔ | ✔ |
|
Mode Installment Premium |
Annual 48,000 |
Semi-Annual 24,000 |
Quarterly 12,000 |
Monthly** 4,000 |
| No Limit, subject to BAUP |
| Premium Band | From (Rs.) | To (Rs.) |
| Band 1 | 48,000 | 99,999 |
| Band 2 | 1,00,000 | and above |
| Base Cover Multiple | Age<50 | Age >=50 |
| Min | 7 times of AP$ | 5 times of APAP$ |
| Max | Subject to BAUP | |
$AP refers to Annualized Premium
** Monthly mode of Premium payment is available only through credit card, direct debit and ECS
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Benefits of buying Invest Shield
It offers market-linked returns along with life insurance protection and flexible investment options to meet long-term financial goals.
Death Benefit shall be higher of
1. Sum Assured* including Top-Up Sum Assured, if any or
2. Fund Value, including Top-Up Fund Value, if any, or
3. 105% of total premium paid till date of death, including Top-Up premiums, if any.
Where, Sum Assured is a multiple of Annualized Premium based upon the age at entry of the Life Insured.
*Sum Assured will be reduced to the extent of partial withdrawals made in the last 2 years immediately preceding the date of death. The partial withdrawal made from the Top-Up premium shall not be reduced for this purpose.
On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.
The policy will acquire surrender value immediately from first policy year. However, no surrender value will be payable during the “lock in period”, which is a period of five consecutive policy years from the date of commencement of the policy.
If the Policyholder opts for surrender within first five policy years, the Fund Value, after deducting the applicable discontinuance charges, shall be credited to the Discontinued Policy Fund and the risk cover and rider cover, if any, shall cease. The proceeds from the Discontinued Policy Fund shall be paid at the end of the lock in period as Sum Assured. Only fund management charge shall be deducted from this fund during this period.
The income earned on this fund shall be at least the minimum rate as prescribed by the IRDAI from time to time. The current prescribed minimum guaranteed rate of interest applicable is 4% percent per annum. The excess income earned in the Discontinued Policy Fund over and above the minimum guaranteed interest will also be accounted to the Discontinued Policy Fund.
If the policyholder opts for surrender after the completion of the fifth policy year, the Fund Value if any will be paid.
Provided all due premiums are paid, Persistency boosters would be allocated as extra units at the end of every fifth policy year, starting from 5th year and thereafter every 5th year. Persistency boosters as a 1.0% of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account
Provided all due premiums are paid, Maturity additions in the form of extra unit equals to 15% of Total Premiums Paid in case of Limited Pay and 8% of Total Premiums Paid in case of Regular Pay, allocated to the policyholder’s unit account.
Provided the policy is in force and all due premiums have been paid, starting from the 11th policy year, at the beginning of each policy month, a multiple (50% to 300%) of the mortality charge deducted exactly 120 months earlier will be added back to the Fund Value through the allocation of corresponding units. The applicable multiple for the return of mortality charge varies by policy duration:
1. Policy years 11 to 15: 50%
2. Policy years 16 and 20: 100%
3. Policy years 21 to 25: 150%
4. Policy years 26 and 30: 200%
5. Policy years 31 to 35: 250%
6. Policy years 36 to 40: 300%
Provided the policy is in force and all due premiums have been paid, starting 11th Policy Year, the allocation charge that was deducted exactly 120 months prior to the current policy month will be added back to the Fund Value through the allocation of corresponding units.
Choice of investment strategies
At inception, the Policyholder can choose one of the below investment strategies.
Within the Defined Portfolio Strategy, the Policyholder can choose to invest with or without the Systematic Transfer Plan Option. Once opted in, the investment strategy will continue throughout the policy term. You cannot switch from one investment strategy to another during the policy term.
Under this option, you can choose to invest in any of the funds as available (except discontinued policy fund or Liquid Fund) in proportion to your choice. Within the Defined Portfolio strategy, you also have the option to select the Systematic Transfer Plan (STP) option for which Liquid Fund will be made available to you. You can switch monies amongst these funds using the switch option.
You can choose from Six funds to invest your money in. You can look at the investment objectives of each of our funds to evaluate and match your investment goals to decide the proportion of investment in each of them. If you opt for more than one fund, the minimum investment in any fund should be at least 1% of the Annual Premium paid. The funds and fund objectives are as follows:
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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*Up to 100 times of annualized premium, that varies basis the age, premium, Premium Payment term and Policy term. ^The fund is 100% allocated to Pramerica Nifty Mid Cap 50 Correlation Fund (SFIN: ULIF017260423NIFMIDICOR140) with returns of 13.15% since inception on 27th July'23 till 31st March’26. Linked insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in linked insurance policies are subject to investment risks associated with capital markets and publicly available index. The NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market/publicly available index and the insured is responsible for his/her decisions. Pramerica Life Insurance Limited is only the name of the Life Insurance Company and “Pramerica Life Invest Shield” is only the name of the linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. This product does not offer any liquidity during the first five-years of the contract. In this policy, the investment risk in investment portfolio is borne by the policyholder. The linked insurance products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender or withdraw the monies invested in this product completely or partially till the end of the fifth year.
This product provides Life Insurance coverage. Pramerica Life Invest Shield- A Unit Linked Non-Participating Individual Savings Life Insurance Plan. UIN: 140L093V01. This Product is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Tax Benefits may be available as per the applicable laws as amended from time to time.
IRDAI Registration No. 140. Pramerica Life Insurance Limited. Registered Office and Communication Address: 7th & 8th Floor, Tower 2, Capital Business Park, Sector 48, Gurugram-122018, Haryana. CIN: U66000HR2007PLC052028. Customer Service Helpline Numbers: 1860 500 7070 (Local charges apply) or 011 4818 7070 Timings: 9:00 a.m. to 7:00 p.m. (Monday-Saturday). For policy details, login to your account at https://customer.pramericalife.in or Send ‘Hi’ to LISA on WhatsApp at 9289187070, Email: contactus@pramericalife.in, Website www.pramericalife.in. The Pramerica mark displayed belongs to ‘The Prudential Insurance Company of America’ and is used by Pramerica Life Insurance Limited under license.
