Pramerica Life Aajeevan Samriddhi Plan

• Life insurance coverage till 99 years
• Increasing life protection
• Build a corpus through bonus additions
• Enjoy Guaranteed Additions
• Survival benefit at 65 years of age
• Limited premium payment term
• Loan facility available
• Avail tax benefits

Death Benefit

In the event of death of the life insured during the first 5 policy years, the Death Benefit payable is Basic Death Benefit plus Accrued Guaranteed Additions.

In the event of death of the life insured after 5 policy years till 65 years, the Death Benefit payable is Basic Death Benefit plus Accrued Guaranteed Additions plus Accrued Reversionary Bonuses plus Final Bonus.

In the event of death of the life insured after age 65 till 99 years, the Death Benefit payable is Basic Death Benefit plus Final Bonus.

For policy term 1 to 10 years, Basic Death Benefit is maximum of 11 times of Annual Premium or Basic Sum Assured. For policy term 11 to 15 years, Basic Death Benefit is maximum of 16 times of Annual Premium or Basic Sum Assured. For policy term 16+ years & PPT 15 years, Basic Death Benefit is maximum of 16 times of Annual Premium or Basic Sum Assured and for PPT 20 years, Basic Death Benefit is maximum of 22 times of Annual Premium or Basic Sum Assured.

Survival Benefit

In case of survival of the life insured on attaining 65 years, the survival benefit payable is Accrued Reversionary Bonuses plus Accrued Guaranteed Additions.

Maturity Benefit

In case of survival of the life insured on attaining age 99 years, Basic Sum Assured plus Final Bonus is payable as the maturity benefit.

Guaranteed Additions

Guaranteed Additions are added during the first 5 years at the rate of Rs 40 per Rs 1000 of the sum assured for each policy year. It is payable on the earlier occurrence of death or attaining 65 years.

Bonus

Compounded Reversionary Bonus is a percentage of the total of Basic Sum Assured and the bonus when declared, gets vested immediately under the policy and becomes guaranteed benefit to be payable with death benefit or survival benefit. Interim Bonus is payable on death, surrender, or maturity during the inter-valuation period. Final Bonus is payable on maturity, surrender or death.

These non-guaranteed bonuses are dependent on the performance of the participating fund.

Loan Benefit

You can avail the maximum loan amount up to 90% of the Surrender Value.

Surrender Value

This policy acquires Surrender Value after payment all due premiums for at least three full policy years. Upon surrendering the policy, the higher of Guaranteed Surrender Value or Special Surrender Value is payable.

Tax Benefit

This policy provides tax benefits for the premium paid under section 80C and the benefits received can avail tax benefits under section 10 (10D) of the Income Tax Act, 1961.

No rider (s) can be attached to this plan.

Raman at 35 years, wants to buy Pramerica Life Aajeevan Samriddhi Plan to gain control over savings with whole life protection. He opts the plan with the premium paying term of 20 years, Sum Assured of Rs 1,25,000 with the annual premium of Rs 10,709.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 1,25,000 plus Final Bonus. This maturity benefit helps meet your financial objectives.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman after 5 policy years till 65 years, the Death Benefit payable is Rs 1,25,000 plus Accrued Guaranteed Additions plus Accrued Reversionary Bonuses plus Final Bonus.