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Pramerica Life Tru-Shield is a plan designed especially to take care of your family's financial needs in case you are no longer around to take care of them.
Introduction
Pramerica Life Tru-Shield is a plan designed especially to take care of your family's financial needs in case you are no longer around to take care of them. This is a plan that provides pure life insurance cover along with return of premium on maturity for the benefit of your loved ones.
Why should you take this plan?
Safeguard your family financial independence even in your absence.
Return of Premium in case of no claim
Key Features
Comprehensive Protection: Life Insurance cover along with the Additional Shield Cover payable on the unfortunate demise of the life insured.
Death Benefit Options: Flexibility to select Death benefit option as per your need Level Cover or Reducing Cover.
Maturity Benefit: Return of all premiums paid (Excluding extra premium and taxes, if any), upon survival till completion of policy term;
Premium Payment Options: Option to pay Premiums for a Limited Pay, Regular Pay or as a onetime payment.
Tax Benefit: You may get tax benefit on the premiums paid and the benefits received as per the prevailing tax laws.
Benefits
Death Benefit
On unfortunate demise of the life insured during the Policy Term while the Policy is in force for full Policy Benefits, the Company will pay Death Sum Assured as lump sum to the Nominee.
The plan also provides an additional death benefit (Additional Shield Cover) after all due premiums have been paid under the Policy. Death Sum Assured is defined as follows:
Limited Pay & Regular Pay Option
Highest of:
10 times of Annualized Premium* or Maturity Sum Assured; or
Absolute amount assured to be payable on death which is equal to Base Sum Assured (Option-A Level Cover option) or Reducing Sum Assured (Option-B Reducing Cover option), as applicable.
Death Sum Assured shall at least be equal to 105% multiplied by the total premiums paid# as on date of death
Single Pay Option
Highest of:
125% of Single Premium*or Maturity Sum Assured; or Absolute amount assured to be payable on death which is equal to Base Sum Assured (Option-A Level Cover option) or Reducing Sum Assured (Option-B Reducing Cover option), as applicable.
