Boost your wealth & get benefits of a life insurance cover
Secure family’s future against uncertainties
Plan options for different life stage needs
UIN: 140L088V01
It is time to save in the right instrument that not only helps you optimise returns but, in your absence, also provides a safety net through a life insurance cover. With Pramerica Life Super Investment Plan, you can enjoy the benefit of life cover and secure your family’s future against uncertainties of life. With this, you can easily fulfil your life goals by choosing from three different plan options for different life stage needs.
Get the benefits of life cover and secure your family’s future against life’s uncertainties.
Choice of two investment strategies and six fund options to suit your investment needs.
Choose from three plan options: Wealth, Dream & Inheritance Builder for different life stages.
Benefit from Zero premium allocation charge in all years and watch your wealth grow faster.
Get Persistency Additions and Persistency Booster at specific intervals during the policy term to further enhance your fund value.
Return of Mortality & Waiver of Premium Charges on survival of the life insured till the end of policy term.
Flexibility of unlimited switches and premium re-directions between fund options.
Cater to your recurring monetary needs through Systematic Withdrawal facility.
Avail tax benefits on the premiums paid and benefit received as per prevailing tax laws.
Avail additional benefits while enjoying the peace of mind knowing that your loved ones are financially protected and also having the potential to earn higher returns on your investments
In case of an unfortunate demise of the life insured during the policy term provided all due premiums are paid, the following benefits shall be payable:
Death Benefit shall be higher of
Where, sum assured is a multiple of annualised premium based upon the age at entry of the life insured
Death Benefit shall be
*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, including top-up fund value if any, after deducting the applicable discontinuance charges, shall be credited to the Discontinued Policy Fund (DPF) and the risk cover and rider cover, if any, shall cease. The proceeds from the DPF shall be paid at the end of the lock in period as surrender value. 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 DPF over and above the minimum guaranteed interest will also be accounted to the DPF.
If the policyholder opts for surrender after the completion of the fifth policy year, the fund value including the top-up fund value, if any will be paid.
As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units as per the below table shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.
In all the three plan options, in addition to persistency units mentioned above, persistency boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including top-up fund value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.
On survival of the life insured till the end of the policy term, an amount equal to the total of all the Mortality Charges and Waiver of Premium Charges deducted during the policy term will be added to the total fund value (Base Fund value plus Top Up Fund value) at the maturity date provided the policy is in-force and all due premiums have been received in full as on the maturity date. The Return on Mortality Charges and Return of Waiver of Premium charges is subject to following:
Choose any one of the three available plan options
Choose your Annualised Premium, Policy Term, Premium Payment Term and Payment Mode
Choose your investment strategy and fund allocation
Age at entry
Minimum
91 days
Maximum
60 years
Maturity age
18 years
102 years
Premium paying term
5 years
8 years
10 years
12 years
Income period
15 years
20 years
25 years
Policy term
42 years
Premium payment frequency
Annual
Semi Annual
Monthly
Brochure
T&C Pramerica Life Super Investment Plan
Mortality & WOP Charges-Pramerica Life Super Investment Plan
Choose an investment strategy of your choice to make the most of your plan
Under this option, you can opt to invest in any of the funds as available (except DPF or Liquid Fund) in proportions of your choice
Look at the investment objectives of each of our funds
Match funds with your investment goals
Decide the proportion of money you would like to invest
Generate steady return at lower risk by investing in a range of debt securities.
Asset allocation
Government securities: 50% to 100%
Corporate bonds: 0% to 50%
Money market: 0% to 40%
Generate stable returns from a prudent combination of equity and fixed income investment with the possibility of increasing the fixed income contribution to 35%
Equity: 65% to 75%
Govt. Security / Corporate bonds / Money Market Instruments: 25% to 35%
Generate superior long-term returns from a diversified portfolio of equity and debt securities. The fixed income allocation can be increased to 25% depending upon market conditions to afford stability to the fund.
Equity and Equity Related Instruments: 75% to 85%
Govt. Security / Corporate bonds / Money Market Instruments: 15% to 25%
Generate long-term capital appreciation from investment in large cap stocks which are constituents of the Nifty 100, subject to the regulatory limits on investee companies, their groups and industry sectors with the objective of beating the respective benchmark returns.
Equity and Equity Related Instruments: 85% to 100%
Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15%
Generate dynamic capital appreciation through diversified investments in companies across the market capitalisation spectrum.
Equity: 85% to 100%
Govt. Securities: 0% to 15%
To invest in equity and equity oriented instruments in order to generate returns that closely corresponds to the returns of the Nifty Mid Cap 50 Index subject to tracking errors.
Equity: 90% to 100%
Money Market Instruments: 0-10%
We offer a life stage-based investment strategy wherein the investments are distributed between Large Cap Equity Fund and Debt Fund with their proportions varying as per the different life stages
Individual death claims settled and reported in public disclosures for FY 2022-23
As reported in Annual Report for FY 2022-23
As on September 2023
We are happy to help you. Talk to our expert and choose the right plan as per your needs.
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