Provides assured benefits1 providing monetary safety with no ambiguity
Flexible payout choices between Lumpsum or Income advantages, catering to particular person monetary preferences.
Diverse plan choices embody Income Builder, Family Income Builder, Fortune Builder, and Dream Builder tailor-made to particular safety and financial savings wants
Pramerica Life Insurance, one of many main life insurers in India, has introduced the introduction of its newest providing, Pramerica Life RockStrong Future (UIN:140N089V01). The newly launched plan is an Individual Non-Participating Non-Linked Savings Life Insurance Plan, that provides the choice to obtain assured common earnings or lumpsum on maturity alongside with tax benefits2.
On the event of the launch, Pankaj Gupta, MD & CEO of Pramerica Life Insurance, mentioned, “We all aspire for a better tomorrow, not just for ourselves but for our loved ones too. However, realizing a better life or lifestyle in the future, necessitates a proactive financial planning today. As a step in that direction, I am excited to unveil the Pramerica Life RockSolid Future, a forward-looking savings life insurance plan with many customer centric flexible features. The product offering not only provides protection during life’s uncertainties but also assists individuals in attaining their financial life goals.”
The product presents 4 distinct propositions to select from:
Income Builder Option
Ideal for retirement planning or making a secondary earnings supply. Provides common earnings upon completion of coverage time period and a Lumpsum quantity alongside with the final earnings installment.
Family Income Builder Option
This choice gives enhanced safety over Income Builder Option. Offers an instantaneous lumpsum loss of life profit and waives future premiums in case of unlucky demise of the life assured. The household receives earnings profit from the subsequent month, alongside with a Lump sum quantity with the final Income Installment.
Fortune Builder Option
Provides the complete coverage proceeds as a lumpsum on the finish of the time period and allows policyholders to pursue the life theyve at all times dreamed of.
Dream Builder Option
This choice gives enhanced safety over Fortune Builder Option. In case of unlucky demise of the life assured, it presents an instantaneous lumpsum loss of life profit and waives-off future premiums. At the time of maturity ensures that the promised maturity quantity is paid to the beneficiaries.
The uniqueness of this plan lies within the bouquet of options it presents like assured benefits1, Choice of 4 plan choices as per want, choice to obtain advantages as Lumpsum or as Income, enhanced safety by means of the household Income Builder Option & Dream Builder Option, and Tax benefits2 as per prevailing earnings tax legal guidelines.
About Pramerica Life Insurance Limited
Pramerica Life Insurance Limited is a three way partnership between DIL, a completely owned subsidiary of Piramal Capital and Housing Finance Limited and Prudential International Insurance Holdings, Ltd. (PIIH), a completely owned subsidiary of Prudential Financial, Inc. (PFI). Pramerica Life Insurance Limited represents the approaching collectively of two famend monetary providers organizations with a legacy of enterprise excellence unfold over a long time. Pramerica Life Insurance Limited, began operations in India on September 01, 2008 and has a pan India presence by means of a number of distribution channels which have been custom-made to handle the particular insurance coverage wants of numerous buyer segments. The Company is dedicated to offering safety and high quality monetary recommendation to its clients.
Pramerica is the model title utilized in India and choose international locations by PFI.
For extra particulars, please go to www.pramericalife.in.
About Piramal Capital & Housing Finance Limited
Piramal Capital & Housing Finance Limited (referred as Piramal Finance), a completely owned subsidiary of Piramal Enterprises Limited (flagship firm of the Piramal Group), is a housing finance firm engaged in retail and wholesale lending.
In retail lending, Piramal Finance is likely one of the main gamers that addresses the varied financing wants of the under-served and unserved individuals of ‘Bharat’ market. It has over 1 million clients and a community of branches throughout 318 cities/cities in 27 states. It presents a number of merchandise, together with house loans, mortgage towards property, used automotive loans, small enterprise loans to Indian funds aware clients on the periphery of metros and in Tier I, II and III cities. In wholesale lending, it caters to each actual property in addition to non-real property sector and presents a number of merchandise together with development finance, structured debt and senior secured debt.
For extra data go to: piramalfinance.com.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a worldwide monetary providers chief and premier lively world funding supervisor with roughly $1.4 trillion in property beneath administration as of December 31, 2022, has operations within the United States, Asia, Europe, and Latin America. Prudential’s numerous and gifted workers assist make lives higher by creating monetary alternative for extra individuals by increasing entry to investing, insurance coverage, and retirement safety. Prudentials iconic Rock image has stood for energy, stability, experience, and innovation for almost 150 years.
For extra data, please go to information.prudential.com.
1if Policy stays in power and all premiums are paid in full
2Tax Benefits could also be obtainable as per the relevant legal guidelines as amended infrequently
For extra particulars on threat elements, phrases & situations, please learn gross sales brochure fastidiously earlier than concluding a sale
