Pramerica Life Pension Plans

Remain self reliant and financially confident even in the post retirement scenario with best retirement plans.Why compromise on your standard of living simply because you are no longer in service!Pramerica is a joint venture between Prudential International Insurance and , a reality major and it brings Golden Age Plans to let elderly people lead a life of quiet dignity.

Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation

Invest ₹6,000/month & Get Tax-Free* Monthly Pension of ₹60,000^#

Get the best returns & make the most of your golden years

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7.7 Crore

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4.2 Crore

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Pramerica Life Golden Age

Golden Age is an annuity plan to provide policyholders post-retirement benefits. Included in this pension plan is death and maturity benefits. There is complete flexibility of choosing the retirement age and there is tax-free commutation present for up to one-third fund values on retirement. The minimum annual premium for the Golden Age plan is INR 15,000. Annuity payouts are available once the policyholder reaches 45 years of age, but it is possible to defer this up to 75 years.

Pramerica Life Golden Age Plus

The Golden Age Plus plan allows individuals to save and generate regular incomes through this annuity plan. The minimum entry age remains between 18 and 65 years. The minimum and maximum policy term for this is 10 and 57 years respectively. The modes of premium payments include annually, semi-annually, quarterly, and monthly amounts. Minimum annual accumulated amounts for this policy are INR 18,000.

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Pramerica Life Golden Age Plus Single Premium

Golden Age Plus Single Premium as the name suggests allows individuals to choose a single premium amounts for contributions towards their retirement fund. Select vesting age between 45-75 years for a minimum 10-year term. Those who want can top on single premium amounts anytime they wish within the term period. This plan adds 2.5% of the average single premium value of the fund for the 36 preceding months to the unit account of the policyholder on 10th year-end of the policy.

You may also like to read: Future Value of Annuity Formula

Do not let the impending retirement daunt you anymore!

Pramerica Life Pension Plans - FAQs

Q1. How to pay premium? What are the modes of payment available?
Ans: The following modes for payment are available for Pramerica Life Insurance:
- Online or NEFT transfer
- Through ECS
- Through Cash or cheque at select branch office.
- At SBI branches
- At Axis branches
For online transaction, please visit e-portal.
Q2. How can I check policy status for Pramerica Life Pension Plans?

Ans: Policy status can be checked by login into the personal account with the help of user Id and password and then clicking on the Policy Details tab.
Q3. What is the policy renewal process for Pramerica Life Pension Plans?
Ans: For renewing a policy under Pramerica Life Insurance, there are 2 basic options:
- Paying online
- Cheque pick up facility
For paying online, you must visit the portal with the user id and password and enter the policy number for renewing it. Online payment options with the aid of debit card, credit card and Net banking is available.

Cheque pick up facility can also be opted, wherein the company’s staff will get the cheque from your doorsteps.
Q4. What is the company’s process to settle claim for Pramerica Life Pension Plans?

Ans: For settling claim, you need to fill in and submit the mandatory documents as listed in the website for the particular category of claim, along with a cancelled cheque and a passport size photograph. Upon receiving the set of documents, the company endeavors to settle the claims within a time frame of 30 days.
Q5. What is the policy cancellation process for Pramerica Life Pension Plans?

Ans: For cancellation of any existing policy, you must fill in the surrender form , fill it up completely and dispatch it to the head office. Necessary documents needs to be attached with it such as mentioned in the policy along with surrender charges. Upon receiving of the above, the policy will be cancelled on records for the holder.
You may also like read about National Pension Scheme

For new users, a period of 15 days is given, wherein you can surrender the policy, clearing stating the reason for the same.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Secure Your Retirement Today

Start Investing ₹6,000/month

Get Pension ₹60,000/month+

Including Life Cover

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Average Rating

4.2 / 5

(Based on 22 Reviews)

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Pramerica Life Pension Plans Reviews & Ratings

4.2 / 5 (Based on 22 Reviews)

(Showing Newest 10 reviews)

Naina

Baramati, July 07, 2016

★★★★★

Pension Plan

Pension play's very important role after retirement, so maximum the amount which make better living. My policy has low investment but the returns are heavy. Service is also nice and even online portal service is easy to use and accessed by anyone.

Eshu

Alibag, June 28, 2016

★★★★★

Good Plan

The pension plan is very important insurance. I purchased it in very low premium. Service provided by you guys is very good. Policy coverage is fantastic and claims are easy to sanctioned due to fast service facilitate by the executives. Internet service is fast and easy to access.

Umakant

Lonavla, May 19, 2016

★★★★★

Fantastic Plan

I purchase dhfl pramerica pension plan. Policy coverage is good ~85%. Service is also nice provided by the executives and stuff and the claim sanctioning easily. The executives and staff members behave well and there work is on time. Good future investment. It save taxes too, I like my policy plan.

Tanishk

Gwalior, May 19, 2016

★★★★★

Marvelous

My friend advice me to invest money for my future, then i look for good deal then I purchase dhfl pramerica life insurance and have pension plan. The policy coverage is high ~93% and the claim is around Rs.41 K per month after policy get mature. Great services with fast interface. Good future investment and saving taxes. I like the policy.

Saurabh

Noida, May 19, 2016

★★★★★

Trustworthy

I buy dhfl pramerica pension plan. The policy has good coverage approx. 89% with low premium. Claims are also high and the returns is Rs.34 K per month after policy end. Service is fantastic and the executives do best work. Good investment for future and taxes are also reduced. Updates related policy is send to me regularly.

Rahul

Mumbai, May 19, 2016

★★★★★

Future Security

DHFL pramerica pension plan for my parents. The policy reimburse the complete amount when i admit in hospital. Dental related problems are not covered. Great future investment and it save taxes also. Good pension plan and great services. Nice behaviour by executives and staff members. I like the terms and conditions.

Pariniti

Haridwar, May 19, 2016

★★★★★

Very Good

I purchase dhfl pramerica life insurance pension plan which has low premiums which payed quarterly. Policy coverage is 82% and claims are high and the payback amount is around Rs.38 K per month. Service is very good and fast. The policy is nice investment for future and it is good tax saver too.

Omesh

Jammu, May 19, 2016

★★★★★

Power Plan

My dhfl pramerica pension plan is the one which i finding for long time. The policy coverage is high ~91% and the claim is around Rs.36 K per month after policy get mature. Good future investment which reduces taxes too. The service facilitate by the executives and staff members is nice and on time. The daily updates are also mailed to my id.

Nishant

Jaswant_nagar, May 19, 2016

★★★★★

Damn Good

Found the best pension plan for old age which i buy from dhfl pramerica life insurance . The plan is for my grandfather and he like the policy very much. The policy coverage is 90% and return is ~Rs.40 K per month. The service is good and the amount is directly transfer to mom bank account. I so stress free now. Good future investment and good benefits. Fantastic plan.

Manish

Sonipat, May 19, 2016

★★★★★

Awesome

DHFL pramerica pension plan is great. The policy is great with high returns and low premiums. Policy coverage is also nice ~ 83% and service is fast. Really good job guys, you provide best pension plans. The behaviour of the executives and staff members are nice.

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Pramerica Life Pension Plans

Pramerica Life Golden Age

Pramerica Life Golden Age Plus

Pramerica Life Golden Age Plus Single Premium

Pramerica Life Pension Plans - FAQs

Q1. How to pay premium? What are the modes of payment available?

Q2. How can I check policy status for Pramerica Life Pension Plans?

Q3. What is the policy renewal process for Pramerica Life Pension Plans?

Q4. What is the company’s process to settle claim for Pramerica Life Pension Plans?

Q5. What is the policy cancellation process for Pramerica Life Pension Plans?

Pension plans articles

Pramerica Life Pension Plans Reviews & Ratings