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Pramerica TruShield

Summary Info

Insurance Company	Pramerica Life Insurance Company Ltd
Plan Name	Pramerica TruShield
Plan Nature	TRADITIONAL
Plan Category	Term Plan
UIN No.	140N052V01
About Plan	This is a Non-Participating, Non-Linked Term Life Insurance Plan with Return of Premium. This plan designed especially to take care of your familys financial needs in case you are no longer around to take care of them. This is a plan that provides pure life insurance cover along with Return of Premium on maturity for the benefit of your loved ones.

Basic Details

Minimum Entry Age	18 Years (age as on last birthday)
Maximum Entry Age	55 Years - for Policy Term 10 Years; 50 Years - for Policy Term 15 Years; 45 Years - for Policy Term 20 Years; (age as on last birthday)
Maturity Age	65 Years (age as on last birthday)
Policy Term	10 Years, 15 Years or 20 Years
Premium Payment Term	Single Pay or 5 Years - for 10 Years Policy Term; Single Pay or 7 Years - for 15 Years Policy Term; Single Pay or 10 Years - for 20 Years Policy Term;
Minimum Sum Assured	Rs. 5,00,000/-
Maximum Sum Assured	Rs. 50 Crores, subjct to underwriting as per Board approved underwriting policy
Minimum Annual Premium	for Level Benefit: Limited Pay - Rs. 6,395 Single Pay - Rs. 29,125 for Reducing Benefit: Limited Pay - Rs. 5,950 Single Pay - Rs. 26,280

Key Benefits

Benefits

Particulars	Description
Maturity Benefits	On survival of Life Insured to Maturity Date and provided the Policy is in force for full Policy Benefits, the Company will pay an amount equal to Maturity Sum Assured. Maturity sum assured is defined with two types of Premium Payment Option. i)Maturity Sum Assured for Limited Pay Option is, Total Premium Payable under the policy (excluding any underwriting extra, if any).ii)Maturity Sum Assured for Single Pay Option is, Single Premium. The Maturity benefit will be paid in both the Options-Level Cover and Reducing Cover.
Death Benefits	On unfortunate demise of the life insured during the Policy Term while the policy is in force for full Policy Benefits, the company will pay Death Sum Assured as lump sum to the Nominee. The Plan also provides an additional death benefit (Additional Shield Cover) after all due premiums have been paid under the Policy, Death Sum Assured is defined in two optons of variant as follows: Limited Pay Option: Highest of i) 10 times of Annualized Premium; or ii) Maturity Sum Assured; or iii) 105% of Premium Paid; or iv) Absolute amount assured to be payable on death which is equal to Base Sum Assured (Option-A Level Cover option) or Reducing Sum Assured (Option-B) Reducing Cover option), ass applicable. Single Pay Option: Highest of i) 125% of Single Premium in case Age at Entry is less than 45 years (110% of Single Premium in case age at entry is 45 years and above); or ii) Maturity Sum Assured; or iii) Absolute amount assured to be payable on death which is equal to Base Sum Assured (Option-A Level Cover option) or Reducing Sum Assured (Option-B Reducing Cover option), as applicable.
Loan against policy	Loan facility is not available under this policy.
Surrender Benefit	For Limited pay policies, any time during the Policy Term while your policy is in effect and Premium for at least first three consecutive Policy years for Premium Payment Term 10 Years (and Premium for at least first two consecutive years for Premium Payment Term of 5 or 7 years) has been received in full, the life insured can surrender the policy. In case of Single Pay Premium option, the Policy can be surrendered immediately after payment of Single Premium. On Surrender, Surrender Value equal to higher of Gauranteed Surrender Value (GSV) and Special Surrender Value (SSV) would be paid.

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