Pramerica Life Wealth Enhancer

Pramerica Life Wealth Enhancer
Apart from a person's need based and predictable financial plans, there are times in life when one has a lump sum of money and they look for avenues to secure their family's future. In this case, one would look for a product that helps you achieve all your financial goals and secures your family against the uncertainties of life. We, at Pramerica Life, have embedded all these needs in a single pay ULIP plan. A perfect combo of savings & protection.
Pay just once and enjoy benefits up to 20 years.
Life Cover for your family with high returns to help meet increasing expenses. Life Cover for your family with high returns to help meet increasing expenses. Wealth creation for your planned milestones in life.

Key Features
Wealth Additions
Wealth Additions starting from the first policy year.

Wealth Boosters
Wealth Boosters at specific intervals to augment your fund value.

Five Funds
Five funds offering different levels of growth depending on your risk appetite.

Systematic Transfer Plan
Avail the option to invest specific amounts at monthly intervals for a duration of 12 or 24 months through our Systematic Transfer

Life Stage Portfolio Strategy
Distinctive strategy to invest to maintain supreme balanced investment in debt and equity basis age with Life Stage Portfolio Strategy.

Death Benefit:
In case of an unfortunate demise of the Life Insured during the Policy Term, nominee shall receive Death Benefit which is higher of
Sum Assured* (reduced by applicable partial withdrawal) or
Fund Value or
105% of Single Premium
*Sum Assured will be reduced to the extent of partial withdrawals made in the last 2 years immediately preceding the date of death.

Maturity Benefit
On survival of the Life Insured till maturity date, Fund Value will be paid to you.

Surrender Benefit
A Policy issued under this plan will acquire Surrender Value on payment of Single Premium. However no Surrender Value will be payable during the Lock-in Period which is a period of 5 consecutive Policy years from the date of commencement of the Policy.

Wealth Additions
Wealth Additions as a percentage of average fund value of preceding 36 monthiversaries,

Wealth Boosters
Wealth Booster of 1.5% of average fund value of preceding 36 monthiversaries would be allocated to the your unit account at the end of specified Policy years, if they fall within the Policy Term, provided the policy is in force.

Choice of Investment Strategies
At inception, you can only chose one of the below mentioned investment strategies:

Defined Portfolio Strategy
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.

Systematic Transfer Plan
With STP, you can invest a specific amount in a regular fashion at monthly intervals. This gives you the advantage of rupee cost averaging.

How STP Works
In case of STP, the Single premium (net of allocation charges) will be first allocated to Liquid fund,

Life Stage Portfolio Strategy
Considering the ever changing financial needs as per the different life milestones,

Switching option
Within Defined Portfolio Strategy, you can switch your investments within the available funds,

Partial withdrawals
To manage any unexpected need for money or for any exigency,

Fund Conservation Option at Maturity
Within Defined Portfolio Strategy the Company will give you an option to preserve your fund value towards the end of your Policy,

Settlement option
Upon Maturity of the policy, you will have the option, to receive maturity benefit as a structured payout over a period of up to 5 years post maturity by availing settlement option.
NOTE: IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. This product does not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender/withdraw the monies invested in this product completely or partially till the end of the fifth Policy year.
Pramerica Life Wealth Enhancer: 140L070V02.This product provides life insurance coverage. Applicable Taxes will be charged over and above of the applicable charges from the unit fund. 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. Please refer Rider sales brochure before concluding the sale.