Pramerica Life Rakshak Gold

Introduction
Pramerica Life Rakshak Gold is a Non Linked Non Participating Endowment Life Insurance Plan that has been designed to ensure that your familys financial future remains secure.

Why should you take this plan?
* Helps in fulfilling your plans for your family even in your absence
* Guaranteed benefits ensure that there are no surprises

Key Features
* Guaranteed Maturity Benefitto provide you a corpus for taking care of your financial goals
* Increasing Annual Guaranteed Additions that increase after every 3 policy years
* Limited Premium Payment options of 7 or 10 years[/B]
* Tax Benefits as per prevailing tax laws

Benefits

Maturity Benefit
On maturity, provided the policy is in force for full policy benefits, the Company will pay the Policyholder an amount equal to the Base Sum Assured multiplied by the Guaranteed Maturity Multiple (GMM) PLUS Accrued Annual Guaranteed Additions.

Death Benefit
On unfortunate demise of the life insured during the Policy Term while the Policy is in force for full Policy Benefits, then the Company will pay following benefits to the Nominee(s)/Legal heir(s).

* Immediate Benefit: A lump sum amount equal to Base Sum Assured
* Immediate Benefit: Accured Annual Guaranteed Additions
* Monthly Payout: 2% of the Base Sum Assured, starting from the month of death for rest of the policy term subject to minimum 36 monthly payouts even if these fall outside Policy Term
* Maturity Benefit: A lump sum amount equivalent to the Base Sum Assured X Guaranteed Maturity Multiple (GMM)
The total benefits payable on death as mentioned above will be at least equal to Death Sum Assured + Accrued Annual Guaranteed Additions.

Where Death Sum Assured would be equal to highest of:
* 11 times the Annualized Premium
* Base Sum Assured X Guaranteed Maturity Multiple factor
* 105% of the total Premiums paid* as on date of death,
* Sum of (a) , (c) and (d) defined above

# The Annualized premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any
*Premium paid for this purpose is premium exclusive of any underwriting extras

Guaranteed Maturity Multiple (GMM)
Guaranteed Maturity Multiple is the factor applied to the Base Sum Assured for the purpose of calculating the benefit payable on the Maturity Date. This factor is dependent upon the Policy Term chosen.


Annual Guaranteed Additions (AGA)
Annual Guaranteed Additions will accrue to the Policy at the end of each completed Policy Year. The Annual Guaranteed Additions will increase after every 3 policy years. The rates of additions are given below for each option of Policy Term. The AGA rates are expressed as per 1,000 of the Base Sum Assured.



Tax Benefits
Tax benefit may be applicable as per prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details.

Loan Availability
The policyholder can avail a loan against the policy after it acquires Surrender Value, upto 75% of the Surrender Value. The rate of interest applicable on the loan will be declared by the Company on an annual basis at the beginning of every financial year.

Eligibility