Insurance Company: News, Details and ULIPs Performance

Pramerica Life Wealth Maximiser

Summary Info

Insurance Company	Pramerica Life Insurance Company Ltd
Plan Name	Pramerica Life Wealth Maximiser
Plan Nature	ULIP
Plan Category	Savings & Investment Plan
UIN No.	140L060V01
About Plan	This is a Unit Linked Non Participating Life Insurance Plan. This plan that protect your family and secure their financial future.

Basic Details

Minimum Entry Age	90 Days (age as on last birthday)
Maximum Entry Age	65 Years (age as on last birthday)
Minimum Maturity Age	18 Years (age as on last birthday)
Maximum Maturity Age	75 Years (age as on last birthday)
Minimum Policy Term	5 Years (for All)
Maximum Policy Term	Regular Pay option: 30 Years - for 0 to 40 Years of Age at entry; 25 Years - for 41 to 65 Years of Age at entry; Single Pay option: 10 Years;
Premium Payment Term	Same as Policy Term
Minimum Premium	Single Pay option: Rs. 1,20,000/- - (one time); Limited/Regular Pay option: Rs. 36,000/- (Yearly); Rs. 18,000/- (Half Yearly); Rs. 9,000/- (Quarterly); Rs. 3,000/- (Monthly);
Maximum Premium	Subject to underwriting policy
Minimum Top Up premium	Rs. 5,000/-
Minimum Sum Assured	Single Pay option: 1.25 * Single Premium; Limited/Regular Pay option (based on age factor): i) Age at entry less than 45 years - Higher of 10 * Annual Premium or 0.5 * Policy Term * Annual Premium; ii) Age ate entry greater than or equal to 45 years - Highr of 7 * Annual Premium or 0.25 * Policy Term * Annual Premium; for Top-up: 1.25 *Top-up Premium;
Maximum Sum Assured	Based on Age at Entry, A multiple of Annualised Premium will be payable

Key Benefits

Benefits

Particulars	Description
Maturity Benefits	On survival of the Life Insured till maturity date and subject to policy being in-force for full risk benefits, the Policy will pay the Fund Value including Top-Up fund value, if any, to the Policyholder. Death cover chosen will cease on Maturity of the policy.
Death Benefits	In case of an unfortunate demise of the Life Insured during the Policy Term, the Policy will pay Death Benefit which is higher of: i) Sum Assured including Top-Up Sum Assured, if any, or ii) Fund Value, including Top-Up Fund Value, if any, or iii) 105% of total Premium paid including Top-Up Premiums, if any. Where, Sum Assured is defined as multiple of Annualized Premium / Single Premium as opted at inception of policy.
Loan against policy	No loan is available under this policy.
Switch Benefit	Within Defined Portfolio Strategy, you can switch your investments within the available funds, depending on your financial priorities and investment decision. There are no switching charges or restriction on number of switches during entire policy term. The minimum switch amount is Rs 5000 unless 100% of the fund is switched.
Additional Benefits	Wealth Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenthpolicy year. Wealth Booster as a percentage of average fund value including Top-up Fund Value of preceding 36 monthiversaries would be allocated to the policyholders unit account at the end of 10th, 15th, 20th, 25th and 30th policy anniversaries. wealth boosters applicable only to the offline mode policies.
Partial Withdrawal Benefit	partial withdrawals can be made from your investment account after 5 Policy years. Partial withdrawal is not allowed until the minor life insured, if applicable attains majority. The policyholder can make unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the Fund Value in a policy Year. The minimum withdrawal amount is Rs 10,000. The partial withdrawals are free of cost.
Surrender Benefit	The Policy will acquire surrender value from the first Policy year but it becomes payable only after completion of lock-in period which is a period of 5 consecutive Policy years from the date of commencement of the Policy. The surrender value will be the value of units less discontinuance (or surrender) charges, if applicable.

Rider Name

Plan Speciality

Enjoy the benefit of choosing an adequate life cover based on your desired level of protection from multiple options of sum assured basis your age at entry

Flexibility to choose Single, Regular or Limited Premium Payment tenures

Get the benefits of reduced charges on opting higher premium amounts

Get rewared on opting for longer term through Persistency Units and Wealth Boosters at specific intervals to agument your fund value

Option to actively manage your funds depending upon market conditions with Defined Portfolio Strategy

Avail Systematic Transfer Plan to systematically transfer your money from Liquid Fund to your chosen funds every month

Option to manage your funds by creating a balance between Equity and Debt through systematic allocation based on your age with Life Stage Portfolio Strategy

Option of Fund conservation at Maturity to safeguard your fund value from market fluctuations

Enhance your fund and life cover by adding Top-up premium

Fund Option

Balance Fund

Debt Fund

Discontinued Policy Fund

Growth Fund

Large Cap Equity Fund

Liquid Fund

Particulars	Range
Balance Fund
	20% - 50%
	0% - 50%
	0% - 40%
	10% - 50%
Debt Fund
	50% - 100%
	0% - 50%
	0% - 40%
Discontinued Policy Fund
	0% - 100%
Growth Fund
	40% - 80%
	10% - 30%
	0% - 30%
	0% - 40%
Large Cap Equity Fund
	60% - 100%
	0% - 40%
Liquid Fund
	0% - 100%

Latest NAV

NAV Name	Nav Date	Nav Rs
Balance Fund	19-May-2022	31.12
Debt Fund	19-May-2022	24.8
Discontinued Policy Fund	19-May-2022	19.89
Growth Fund	19-May-2022	34.69
Large Cap Equity Fund	19-May-2022	38.8
Liquid Fund	19-May-2022	18.26