Optimise Returns from Your Savings With Super Investment Plan

UIN: 140L088V02

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.

Calculate Premium
Write to us
I hereby authorise Pramerica Life to communicate with me on the given number for my Insurance needs. I am aware that this authorization will override my registry under NDNC. [+]

Features of a Super Investment Plan

Protection

Get the benefits of life cover and secure your family’s future against life’s uncertainties.

Plan Options

Choose from three plan options: Wealth, Dream & Inheritance Builder for different life stages.

Persistency Additions & Boosters

Get Persistency Additions and Persistency Booster at specific intervals during the policy term to further enhance your fund value.

Investment

Choice of two investment strategies and six fund options to suit your investment needs.

Zero Premium Allocation Charge

Benefit from Zero premium allocation charge in all years and watch your wealth grow faster.

Zero Premium Allocation Charge

Benefit from Zero premium allocation charge in all years and watch your wealth grow faster.

Return of Mortality & Waiver of Premium Charges

Return of Mortality & Waiver of Premium Charges on survival of the life insured till the end of Policy Term.

Learn more about the plan

1

Choose any one of the three available plan options

2

Choose your Annualized Premium, Policy Term, Premium Payment Term and Payment Mode

3

Choose your investment strategy and fund allocation

Eligibility

Parameters/Option

Wealth Builder

Dream Builder

Inheritance Builder

Age## at Entry

Min: 90 Days
Max: 65 years

Min: 18 years
Max: 45 years

Min: 90 Days
Max: 65 years


Maturity Age##

Min: 18 years
Max: 75 years

Min: 28 years
Max: 75 years

Min: 99 Years
Max: 99 years


Policy Term

10,15,20,25 & 30 years

10,15,20,25 & 30 years

99 minus Age at Entry


Premium Payment Term (PPT)

Policy Term (years)

10
15
20/25/30

Premium Payment Term (years)

5 to 9
5 to 14
5 to 15

7,10,12 and 15 years


Premium (Rs.)

Premium

Annual

Semi-Annual Quarterly

Quarterly

Monthly


Min

Rs.12,000

Rs.6,000

Rs. 3,000

Rs.1,000


Max

No Limit; subject to Board Approved Underwriting Policy


Sum Assured (Rs.)

Less than 50 yrs. : 7/10 times AP$


50 yrs. to 55 yrs. :5/10 times AP$


56 yrs. and above : 5 times AP$



Premium Payment Frequency

Annual, Semi-Annual, Quarterly & Monthly **




##Age as on last birthday

Downloads

Product Brochure

Download

T&C Super Investment Plan

Download

Mortality & WOP Charges

Download

Benefits of buying a Super Investment Plan

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

Death benefit

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:

For Wealth Builder and Inheritance Builder Option:

Death Benefit shall be higher of

Sum Assured* including Top-up Sum Assured , if any or

Fund value, including top-up fund value, if any, or

105% of total premiums 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

For Dream Builder Option:

Death Benefit shall be

  • Immediate Lump Sum on Death of Life Insured:A lump sum benefit equal to higher of the sum assured* including top-up Sum Assured, if any, or 105% of total premiums paid including Top-Up premiums, if any, shall be immediately paid to the nominee or the beneficiary as the case be and
  • Waiver of future premiums (WOP): All future premiums will be paid into the policy by the company as and when they are due till the end of Premium Payment Term
  • Fund Value at Maturity: Fund Value, including Top-Up fund value, if any, at Maturity shall be paid to the nominee or the beneficiary as the case 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, 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.

Persistency Units

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.

Plan Options Wealth builder and Dream builder option
Policy year(PY)/Premium Band Premium Band-1 (Rs.12,000 to Rs. 59,999) Premium Band-2 (Rs.60,000 to Rs.1,19,999) Premium Band-3 (Rs.1,20,000 & above)
From end of 6th PY 0.00% 0.10% 0.25%
Plan Options Inheritance builder option
From end of 6th PY 0.00% 0.10% 0.25%
From the End of 31st PY 1.00%
Persistency Boosters

Provided all due premiums are paid in all the three plan options, in addition to Persistency Unit 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.

Policy Year (PY)(End of Year) Premium Band 1 (Rs.12,000 to Rs. 59,999) Premium Band 2 (Rs.60,000 to Rs.1,19,999) Premium Band 3 (Rs.1,20,000 & above)
10th 1.50% 2.00% 2.50%
15th 2.00% 2.50% 3.00%
20th 2.50% 3.00% 3.50%
25th 3.00% 3.50% 4.00%
30th 3.50% 4.00% 4.50%

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:

The amount payable under the Return of Mortality Charge & Return of Waiver of Premium Charge shall exclude any GST and cess with respect to the Mortality Charge and Waiver of Premium Charge that has been deducted.

If the Top up Fund Value is NIL at the Maturity Date, but Mortality Charge was deducted with respect to Top up Premium during the Policy Term, the amount of Return of Mortality Charge due with respect to Top up Premium will also be added to the regular Premium Fund Value.

The amount of Return of Mortality Charge and Return of Waiver of Premium Charge will be added in the Funds in the same proportion as the value of those Funds as on the date of the Return of Mortality Charge & Return of Waiver of Premium Charge addition. Unit Price as on the date of such addition will be used for the unitisation. No Return of Mortality Charge or Return of Waiver of Premium Charge will be available in a policy that has been terminated, discontinued or converted to a reduced paid-up policy.

Any Mortality Charge deducted during the settlement period shall not be refunded.

 

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

Need assistance?

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

I hereby authorise Pramerica Life to communicate with me on the given number for my Insurance needs. I am aware that this authorization will override my registry under NDNC.
need-assistance need-assistance

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
Call Back Learn more
...
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
Call Back Learn more
...
Pramerica Life
Rakshak Smart
  • Flexibility to choose from two plan options
  • Flexible Premium Payment Modes
  • Comprehensive death benefit in Enhanced Life Option
Call Back Learn more

A knowledgeable you is an informed you

What are the different kinds of ULIP charges? ULIP
What are the different kinds of ULIP charges?

People have started taking investment planning very seriously from a young age. However, with so many options out there, selecting the right option as per individual needs remains a risk. Read More

  • 204K View
  • 2 min read
5 Essential Features & Benefits Your ULIP Plan Must Have ULIP
5 Essential Features & Benefits Your ULIP Plan Must Have

Are you considering insurance but don’t want your money to sit idle after paying heavy instalments? We get you, especially when the cost of living is increasing every few days while salaries are shrinking. This creates the need for a financial tool that offers good value for money. Read More

  • 255K View
  • 2 min read

Disclaimer: 

This product provides Life Insurance coverage. Pramerica Life Super Investment Plan. UIN: 140L088V02. This material gives the salient features of the product. 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. Goods & Service 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.