Pramerica Life Fututre Idols Gold+ Plan

• Comprehensive cover for child
• Enhanced Death Benefit
• Monthly payouts after insured’s death
• Accumulate wealth through bonus additions
• Limited/Regular Premium Payment Term
• Loan against the policy
• Tax benefits under section 80 C

Death Benefit

In the event of unfortunate death of the life insured during the policy term and the policy is in-force, Death Sum Assured plus Accrued Reversionary Bonus, Interim Bonus and Final Bonus is payable.

For age at entry less than 45 years:

Death Sum Assured is,

Higher of sum of 50% of the Base Sum Assured or 125% of the Base Sum Assured or 10 times the Annualized Premium payable at the time of death

125% of the Base Sum Assured is payable on the maturity date.

1% of the Base Sum Assured is payable every month starting from the month of death to the end of the policy term, subject to a minimum of 36 monthly payments even if the policy term is over.

For age at entry 45 years and higher:

Death Sum Assured is higher of

Sum of 50% of the Base Sum Assured or 125% of the Base Sum Assured or 7 times the Annualized Premium payable at the time of death.

125% of the Base Sum Assured is payable on the date of maturity and 1% of the Base Sum Assured payable every month from the month of death to the end of the policy term, subject to a minimum of 36 monthly payments even if the policy term is over.

The Death Sum Assured together with bonuses is at least 105% of all the premiums paid, till the date of death.

Maturity Benefit

At maturity of the policy, the life insured is entitled to receive an amount equal to 125% of Base Sum Assured plus Accrued Reversionary Bonus plus Final Bonus, subject to policy is in-force.

Bonus

The policyholder is eligible to participate in the profits arising from the portfolio of with-profit policies.

Compounded Reversionary Bonus: This bonus is expressed as a percentage of the total of the Sum Assured and the Reversionary Bonus amount available under the policy. Any bonuses declared by the company during first three policy years shall vest in the policy only when the policy is in-force during three policy years. This condition does not apply to policies for death claims during this period.

Interim Bonus: This bonus is payable to the policies for surrender, death or maturity claims during the inter-valuation period.

Final Bonus: The Company may pay a bonus on the termination of the policy in case of death, surrender or maturity under the policy.

Loan Benefit

The maximum loan amount that can be availed is up to 80% of the surrender value. The loan benefit can be availed, after the surrender value has been acquired under the policy.

Surrender Value

The Surrender Value payable is higher of Special Surrender Value or Guaranteed Surrender Value. It can be acquired on payment of at least 2 full policy years premium.

Tax Benefit

You can avail tax benefits under section 80C & 10 (10D) of the Income Tax Act. Tax benefits are applicable, as per the prevailing tax laws.

No riders can be opted, under this plan.

Mr. Rai aged at 35 years, opts to buy Pramerica Life Future Idols Gold+ Plan to secure his daughter’s future for his education milestones. He buys this plan with the policy term of 15 years, premium payment term of 10 years, annual premium of Rs 21,045 and the sum assured is Rs 1,50,000.

Scenario A: Mr. Rai Survives the Policy Term

Mr. Rai will receive Rs 1,50,000 plus Accrued Reversionary Bonus plus Final Bonus. This payout can be used to meet expenses incurred at different education milestones of his daughter.

Scenario B: Mr. Rai dies during the Term of the Policy

In the event of unfortunate death of Mr. Rai after payment of premium for 5^th policy year, Death Sum Assured plus Accrued Reversionary Bonus, Interim Bonus and Final Bonus is payable. 125% of the Base Sum Assured payable on the maturity date and 1% of the Base Sum Assured payable every month from month of death to the end of the policy term.