Pramerica Life Insurance

The plan is meant to offer maximum protection to those affected by the demise of their close one. Among the prime features and benefits that come with Pramerica Life TruShield include:

• Variety of Death Insurance Choices- The insured parties are given the liberty to choose from a wide range of death insurance benefits. This means that upon demise, the beneficiaries will be granted benefits in regards to the choice of the insured. Level cover and reducing cover are the prime options that Pramerica Life Insurance Company provides.

• Comprehensive Protection- This plan goes a mile further to offer not just regular but comprehensive protection. Customers get the benefits of their life insurance cover, and in addition they also get a Shield Cover. The Shield Cover is only payable in an event of the demise of the insured. With a comprehensive plans as this one clients are given additional financial security.

• Maturity Benefit - In an event of survival, the insured party is assured of full repayment of premiums. In other words, the customer is assured of getting back the entire amount paid as premium in an instance of survival. However, it should be noted that repayment excludes extra premiums if there is any.

• Tax Benefits- Customers are assured of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act. This means that there is the possibility of enjoying minimal tax deductions on benefits upon maturation.

The basic aim of this plan is to ensure that your family remains secure after your demise. It is a non-participating endowment insurance plan whose mechanism is complex as compared to others.

• Maturity Benefit- The insured has a maximum guarantee of getting benefits right after maturity. Benefits in this regard are in connection with the amount paid for premiums. The higher the amount paid, the more the benefits enjoyed by the insured.

• Increasing Additions Annually- The insured parties are assured remarkable additions on their value insured after every 3 policy years. This makes the amount paid for premiums more than the initial one. In a nutshell, the insured party stands a higher insurance value than the amount paid for premiums.

• Guaranteed Tax Benefits- Pramerica Life Insurance Company operates by the tax laws. In this operation, customers are assured of friendly waivers. This means that there is the chance to get higher amounts of benefits when tax waivers are applied.

This plan falls in the health perspective in the sense that it is meant to secure you financially in an event you are hit by Dengue illness. The plan word during the illness and the recovery process. The key features and benefits that the plan features include:

• Simultaneous Claim- The beneficiaries of this plan can make simultaneous claims based on existing insurance policies. This means a higher coverage for the insured in an event of dengue illness.

• Direct Processing- The insured is not required to undergo various tests to confirm if he/she is indeed suffering from Dengue. Processing begins right after a claim is placed.

• Minimal Paperwork- Application and processing of this plan does not require comprehensive paperwork. It takes minimal time to process any request under the plan.

• Defined Benefits- The mode under which benefits are awarded to the insured is based on the policy bought and the amount paid on premiums. There is no ambiguity involved when processing the benefits of the insured.

• Guaranteed Discounts- Upon maturation, this plan guarantees the insured a handful of discounts. This comes in the form of bonuses. Majority of the discounts are applicable to those who have insured family members as well.

To make a claim at the Pramerica Life Insurance Company, you must follow 3 simple steps.

Step 1: Intimate The Company

This step demands that the insured or the beneficiaries must inform the company about the claim. Among the details that must be provided under this step include; date of death or critical illness, the policy number, nominees, the full names of the policyholder and the address.

Step 2: Submission of documents

This step requires the insured or the beneficiaries to submit the respective documents to the company. The claim form can be retrieved from the company’s website. It is required that the claimant should fill the form correctly and in plain letters. All details should be rechecked before submission. It is also required that the form should be submitted along with other requested details.

Step 3: Processing and Decision

Upon provision of all the required details, the claim is ready for processing. This is solely the role of the company. During the processing, representatives at the company will be at liberty to contact you and inquire on certain things. Normally, processing takes approximately 30 days to complete. Processing begins right after the required documents have been presented to the company.