Pramerica Life Roz Sanchay

Introduction
Pramerica Life Roz Sanchay is a Non Linked Non-Participating Endowment Life Insurance Plan. It is a savings cum protection plan that offers guaranteed benefits so that you know at the start of the policy what will be the maturity
benefits.

Why should you take this plan?

To get assured savings
To get assured that your family remains financially protected even in your absence
To create a saving corpus for your old age

Key Features

Comprehensive Cover: Prevailing Death Benefit along with Accrued Annual Guaranteed Addition (AGAs), payable on the unfortunate demise of the life insured
Increasing Protection: Death Benefit increases by 5% of the Base Sum Assured every year
Guaranteed Maturity Benefit: 150% of the Base Sum Assured along with Accrued AGAs payable at maturity, is guaranteed at the start of the Policy
Limited Premium Payment Term of 12 or 16 years
Flexibility to take a loan against the Policy
Tax benefits may be applicable as per prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details

Benefits
Death Benefit
On the unfortunate demise of the Life Insured during the policy term, Base Death Benefit along with the Accrued AGAs will be payable, subject to the policy being in-force for full Policy Benefits. Where
Base Death Benefit is 150% of Base Sum Assured in the first Policy Year increasing by an amount equal to 5% of the Base Sum Assured for every completed Policy Year till the end of the policy term.

Age at entry less than 45 years:
Highest of:
10 times the Annualised Premium* OR
150% of the Base Sum Assured OR
105% of total premiums paid (excluding underwriting extra and Taxes, if any) till date of death

The Base Death Benefit will at least be equal to:
Age at entry 45 years and higher
Highest of:
7 times the Annualised Premium* OR
150% of the Base Sum Assured OR
105% of total premiums paid (excluding underwriting extra and Taxes, if any) till date of death

*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

Maturity Benefit:
The maturity benefit is guaranteed and is the sum of 150% of the Base Sum Assured and accrued Annual Guaranteed additions subject to policy being in force for full Policy Benefits and all due premium have been paid.

Annual Guaranteed Addition (AGA)
Annual Guaranteed Additions are a percentage of the base Sum Assured that are added to your policy benefits at the end of every policy year. Starting 4th policy year till end of the Policy term, provided all due premiums have been paid till that policy year.

The AGA rates expressed as per 1,000 of Base Sum Assured are as follows:



Eligibility



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.