Pramerica Life Insurance introduces Pramerica Life RockSolid Future with assured returns. Details here
Pramerica Life Insurance recently launched its newest product, Pramerica Life RockSolid Future. This recently introduced plan is an individual, non-participating, non-linked savings life insurance plan. It provides policyholders with the flexibility to choose between guaranteed regular income or a lump sum payout upon maturity, accompanied by tax benefits.
On the occasion of the launch, Pankaj Gupta, MD & CEO,Pramerica Life Insurance, said, “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 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 offers four distinct propositions to choose from:
The strategy is well-suited for retirement preparation or establishing an additional source of income. Additionally, it delivers a steady income after the policy term concludes, along with a lump sum payment accompanying the final income installment.
This choice offers superior protection compared to the Income Builder Option. It grants an immediate lump sum death benefit and waives future premiums in the event of the unfortunate demise of the life assured. The family receives an income benefit from the following month, in addition to a lump sum amount alongside the last income instalment.
The policy grants the entire proceeds in a lump sum at the conclusion of the term, empowering policyholders to pursue
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