Pramerica Life Smart Cash Protect

Introduction
Pramerica Life Smart Cash Protect is a non linked participating endowment life insurance plan. It is an all-in-one plan that has been designed to take care of your regular as well as long term expenses. This plan provides a regular stream of income in the form of annual cash benefits in addition to lump sum payouts .

Why should you take this plan?
To create a corpus for important milestones such as your retirement and to take care of recurring expenses
To ensure that your family remains financially independent and their dreams continue to be fulfilled

Key Features
Survival Benefit Reversionary Bonus accrued during the initial 15 years paid at the end of the 15th Policy year
Guaranteed Income Get Annual Payout equal to 6% of the Sum Assured from the 16th policy year onwards until the end of the policy or death, whichever is earlier
Bonus Income In addition to Guaranteed Income, get Additional annual payout of bonus income every year from the 16th Policy year and onwards until death or maturity whichever is earlier
Maturity Benefit 50% of the Sum Assured plus Final Bonus (if any)
Limited Premium Payment options of 12, 15 or 20 years based on your savings horizon


The Annualized premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any

Bonuses
This is a participating plan that has Compound Reversionary Bonuses that will accrue for the initial 15 years and yearly bonus that will be paid yearly in the form of Bonus Income payable from 16th Policy years and onwards. In addition to this, a Final Bonus may also be declared. The bonuses are not guaranteed and depend upon the performance of the relevant participating fund.



Age as on last birthday
Substandard lives may also be covered subject to Board approved underwriting Policy and with any extra premium, if applicable.
Taxes as applicable will be charged over and above the quoted Premium.