Chandigarh, 12 June 2024: Pramerica Life Insurance, one of the fastest growing life insurers in India, today announced the launch of its latest offering, the Pramerica Life Flexi Income Plan. This is a Non-Linked Non-Participating Individual Life Insurance Savings Plan designed to help policyholders achieve their financial goals with certainty and flexibility.
The introduction of the Pramerica Life Flexi Income Plan is a significant step under Pramerica 2.0, the current phase of the company’s evolution. In this new phase of growth, Pramerica Life Insurance remains dedicated to creating value for its customers by continually innovating and enhancing its product offerings. The Pramerica Life Flexi Income Plan is designed to empower policyholders in achieving critical financial milestones, such as securing the future of loved ones and ensuring a comfortable retirement. This plan enables policyholders to accumulate funds in a wallet, providing the flexibility to access them at a chosen future date. This helps them achieve their milestones and remain resilient against market volatilities.
Key Features and Benefits:
1. Tailored Plan Options:
Early Income: Ideal for those seeking regular income throughout the policy term and a lump sum at maturity.
Early Income with Policy Continuation Benefit (PCB): Offers enhanced protection with continued benefits even after the policyholder’s demise.
Guaranteed Income: Assured regular income payouts during the policy term and a lump sum benefit at maturity, ensuring financial security without market risks.
Comprehensive Family Protection: Life insurance coverage throughout the policy term, safeguarding the financial future of loved ones.
Income Start Year Flexibility: Option to decide when policyholders want their income payouts to begin right at the inception of the policy.
Tax Advantages: Potential tax benefits on both premiums paid and benefits received, as per prevailing Income Tax laws (subject to change; please consult a tax advisor).
Additional benefits: Auto Cover Continuance, Express Claim Relief^ and Accrual and Offset Options.
Karthik Chakrapani, Chief Business Officer of Pramerica Life Insurance said “At Pramerica Life Insurance, we recognize the aspirations of a rising India, where individuals are increasingly aware of their financial goals and needs. The Pramerica Life Flexi Income Plan is crafted to cater to this evolving landscape, offering a unique blend of guaranteed income, comprehensive protection and flexible plan options. It goes beyond just innovation; it’s about putting the customer first. We know stability is key in financial planning and this plan reflects our dedication to creating products that safeguards their future while offering growth potential.”
With the Pramerica Life Flexi Income Plan, policyholders can customize their financial planning to align with their unique needs and goals. The combination of guaranteed income, flexible premium terms and additional benefits such as express claim relief and auto cover continuance makes this plan a comprehensive solution for those seeking financial stability.
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
