{"uin":"140L041V05","name":"Pramerica Life Smart Wealth+","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05","insurer":{"slug":"pramerica-life-insurance","name":"Pramerica Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/pramerica-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":"ULIP","kind":"product","status":"active","approved_on":"2014-07-10","withdrawn_on":null,"summary":"Pramerica Life Smart Wealth+ is a unit linked savings life insurance plan with a 20-year policy term and premium paying terms of 5, 10, 15 or 20 years. It pays the higher of Sum Assured, Fund Value or 105% of total premiums paid on death, and partial withdrawals are allowed only after the 5-year lock-in period.","analysis":{"state":"machine","analysed_at":"2026-10-20 00:39:41.01198+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"20 Years.","display":"20 Years","note":"From the sales brochure.","quote":"Policy Term | 20 Years","sources":[{"clause":null,"heading":"Eligibility Conditions","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-eligibility-conditions"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The company must be notified of the Life Insured’s death in writing immediately, preferably within 90 days of death. Delay beyond 90 days may be condoned if due to unforeseen circumstances beyond the claimant’s control.","display":"Immediately in writing, preferably within 90 days of death","note":null,"quote":"is immediately notified of the Life Insured’s death in writing, and preferably within 90 days of death. Company may condone the delay in filing a claim beyond 90 days where the claimant can establish that the delay was due to unforeseen circumstances and beyond the control of the claimant.","sources":[{"clause":null,"heading":"Section Two: Death Claim Processing","page":14,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-two-death-claim-processing"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["The Company’s claim form duly completed","The original Policy Document (not necessary in case of dematerialized policy document)","The original or a legalised copy of the Death Certificate","Claimant’s Identity proof, Address proof and banking details","Discharge summary and all other past hospital records","Completed Last Medical Attendant's Report","Copy of First Information Report and the Final Police Investigation Report, if death is due to Un-natural reasons","Copy of Post-Mortem Report, if death is due to Un-natural reasons","The Claimant's proof of entitlement to receive payment under the Policy for maturity claim","Original Policy Document for maturity claim","NEFT Mandate for maturity claim","Cancelled cheque for maturity claim","KYC Documents for maturity claim"],"display":"Death claim form, policy document, death certificate, claimant KYC and bank details, hospital records, Last Medical Attendant's Report; FIR/final police report and post-mortem report for unnatural death; maturity claim documents include entitlement proof, policy document, NEFT mandate, cancelled cheque and KYC documents.","note":null,"quote":"Basic documentation if death is due to natural Cause\ni) The Company’s claim form duly completed.\nii) The original Policy Document (not necessary in case of dematerialized policy document)\niii) The original or a legalised copy of the Death Certificate\niv) Claimant’s Identity proof, Address proof and banking details\nv) Discharge summary and all other past hospital records\nvi) Completed Last Medical Attendant's Report\nAdditional documents, if death is due to Un-natural reasons:\ni. Copy of First Information Report and the Final Police Investigation Report\nii. Copy of Post-Mortem Report ... a) The Claimant's proof of entitlement to receive payment under the Policy.\nb) Original Policy Document.\nc) Any other document as asked for by the Company depending on the facts and circumstances of each case. ... Basic documentation for Maturity Claim:\na) NEFT Mandate\nb) Cancelled cheque\nc) KYC Documents","sources":[{"clause":null,"heading":"Section Two: Death Claim Processing","page":14,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-two-death-claim-processing"},{"clause":null,"heading":"Section Three: Maturity Claim Processing","page":14,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-three-maturity-claim-processing"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"Death claim settlement is stated as 15 days without investigation and 45 days with investigation, counted from the date of intimation of claim.","display":"15 days without investigation; 45 days with investigation, from date of intimation of claim","note":"Stated in the Customer Information Sheet.","quote":"Death Claim Settlement without Investigation from the date of intimation of claim -15 days B. Death Claim Settlement with Investigation from the date of intimation of claim -45 days","sources":[{"clause":"Row 15","heading":"Claims/Claims Procedure","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14411#c-row-15"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["If death occurs due to suicide or attempted suicide, whether sane or insane, within twelve months of the Policy Commencement Date or within twelve months from the date the of revival of the Policy, then the Company’s obligation under this Policy shall be to pay the Fund Value available as on the date of intimation of death"],"display":"Suicide or attempted suicide within 12 months of policy commencement or revival is limited to Fund Value and specified charge refunds.","note":null,"quote":"If death occurs due to suicide or attempted suicide, whether sane or insane, within twelve months of the Policy Commencement Date or within twelve months from the date the of revival of the Policy, then the Company’s obligation under this Policy shall be to pay the Fund Value available as on the date of intimation of death and the charges other than Fund Management Charges and Guarantee Charges, if any levied subsequent to the date of death shall also be paid back along with such death benefit.","sources":[{"clause":"Part C(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Sum Assured is 5/7/10 times the Annualized Premium, with the multiplier depending on Premium Paying Term and age at entry.","display":"5/7/10 times Annualized Premium, depending on Premium Paying Term and entry age","note":"From the sales brochure.","quote":"Sum Assured | Sum Assured Multiplier Premium Paying Age at entry < 45 Age at entry>= Age at entry Term Years 45 Years to < 50 >=50 years 5 7/10 7 5 10,15 or 20 7/10 7/10 5/10\nPremium Paying Term | Sum Assured Multiplier\nAge at entry < 45 Years | Age at entry>= 45 Years to < 50 years | Age at entry >=50\n5 | 7/10 | 7 | 5\n10,15 or 20 | 7/10 | 7/10 | 5/10","sources":[{"clause":null,"heading":"Eligibility Conditions","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-eligibility-conditions"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"If the Life Insured dies before maturity while the policy is in force for full policy benefits, the company pays the Death Sum Assured, which is the higher of Sum Assured, Fund Value, or 105% of all total premium paid till date of death. If the policy is in the Discontinued Policy Fund, death benefit is the value of units in that fund.","display":"Higher of Sum Assured, Fund Value, or 105% of total premium paid till date of death","note":"Sum Assured is reduced for partial withdrawals made in the last 2 years immediately preceding death.","quote":"If the Life Insured dies at any time before the Maturity Date, while the Policy is in force for full Policy benefits, the Company will pay the Death Sum Assured. The Death Sum Assured shall be higher of the following: ... a) Sum Assured* (OR) ... b) Fund Value (OR) ... c) 105% of all the total Premium paid till the date of death If the Life Insured dies at any time before the Maturity Date, while the Policy is in Discontinued Policy Fund, the Company will pay the death benefit equal to the value of Units in the Discontinued Policy Fund.","sources":[{"clause":"Part C(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-a"},{"clause":"Part C(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-a-2"},{"clause":"Part C(b)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-b"},{"clause":"Part C(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On survival of the Life Insured to the Maturity Date, if the policy is in force for full policy benefits, the company pays the Fund Value as at that date unless the Settlement Option has been opted.","display":"Fund Value at maturity, unless Settlement Option is chosen","note":null,"quote":"(b) Benefit Payable on Maturity On survival of Life Insured to the Maturity Date and provided Policy is In-force for full Policy benefits, the Company will pay the Fund Value as at that date, unless the Settlement Option has been opted by the Policyholder in accordance with the terms and conditions of the Policy.","sources":[{"clause":"Part C(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum maturity age is 75 years.","display":"75 Years","note":"From the sales brochure.","quote":"Maximum Maturity Age## | 75 Years","sources":[{"clause":null,"heading":"Eligibility Conditions","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-eligibility-conditions"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide or attempted suicide within twelve months of policy commencement or within twelve months from revival, the company pays the Fund Value available as on the date of intimation of death, plus charges other than Fund Management Charges and Guarantee Charges levied after death.","display":"Within 12 months of commencement or revival: Fund Value as on intimation of death plus specified charge refund","note":null,"quote":"If death occurs due to suicide or attempted suicide, whether sane or insane, within twelve months of the Policy Commencement Date or within twelve months from the date the of revival of the Policy, then the Company’s obligation under this Policy shall be to pay the Fund Value available as on the date of intimation of death and the charges other than Fund Management Charges and Guarantee Charges, if any levied subsequent to the date of death shall also be paid back along with such death benefit.","sources":[{"clause":"Part C(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy acquires surrender value immediately from the first policy year, but no surrender value is payable during the 5-year lock-in period. Surrender within the first five policy years credits Fund Value after discontinuance charges to the Discontinued Policy Fund, payable at the end of the lock-in period; after completion of the first five policy years, the company pays Fund Value as on the surrender date.","display":"Acquires immediately; not payable during 5-year lock-in; after 5 years, Fund Value as on surrender date","note":null,"quote":"A policy issued under this plan will acquire surrender value immediately from first policy year. However, no surrender value will be payable during the “lock in period”, which is a period of five consecutive Policy years from the date of commencement of the Policy. ... If the Policyholder opts for surrender within first five Policy years, the Fund Value, including Top-up fund value if any, after deducting the applicable discontinuance charges, shall be credited to the Discontinued Policy Fund and the risk cover and rider cover, if any, shall cease ... The proceeds from the DPF shall be payable at the end of the “lock in period”. ... If the Policy is discontinued after the completion of first five Policy Years, then the Policyholder may surrender the Policy. Upon surrender of the Policy, the Company will pay the Fund Value as on the date of surrender and the Policy will terminate.","sources":[{"clause":"Part D(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-d-a-5"},{"clause":"Part D(b)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-d-b-5"},{"clause":"Part D(c)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-d-c-3"},{"clause":"Part D(e)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-d-e-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"If premium is discontinued after the first five policy years, the policy is converted into a reduced paid-up policy with paid-up sum assured equal to original sum assured multiplied by the ratio of total period for which premiums have already been paid to the maximum period for which premiums were originally payable. During the first five years, after grace period the fund value net of discontinuance charge goes to the Discontinued Policy Fund and risk cover ceases.","display":"After 5 years: reduced paid-up with proportionately reduced sum assured; within first 5 years: risk cover ceases after grace period","note":null,"quote":"Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium, the fund value, after deducting the applicable discontinuance charges, shall be credited to the discontinued policy fund and the risk cover and rider cover, if any, shall cease. ... Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium, the policy shall be converted into a reduced paid up policy with the paid-up sum assured i.e. original sum assured multiplied a ratio of \"total period for which premiums have already been paid\" to the \"maximum period for which premiums were originally payable\"as\nper the terms and conditions of the policy.","sources":[{"clause":"Part C(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-a-3"},{"clause":"Part C(c)(i)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c-i"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"The policyholder may revive a discontinued policy within three years from the date of first unpaid premium, subject to payment of overdue premiums and the company's underwriting policy.","display":"3 years from the date of first unpaid premium","note":null,"quote":"The Policyholder has the option to revive the discontinued Policy within three years from the date of first unpaid premium, subject to payment of overdue premiums and the underwriting policy of the Company.","sources":[{"clause":null,"heading":"Section One: Revival","page":6,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-one-revival"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loan facility is not available under this policy.","display":"No loan facility","note":null,"quote":"Loan facility is not available under this Policy Section Eight: Unit Encashment Conditions","sources":[{"clause":null,"heading":"Section Seven: Loan","page":8,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-seven-loan"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after expiry of 3 years from the later of policy issuance, risk commencement, revival or rider date. Within 3 years, it may be questioned for fraud, or for material misstatement or suppression, with written communication of the grounds and materials.","display":"No policy can be questioned after 3 years; within 3 years, fraud or material misstatement rules apply.","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from ... a) the date of issuance of policy or ... b) the date of commencement of risk or ... c) the date of revival of policy or ... d) the date of rider to the policy whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years from ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the insured was incorrectly made in the proposal or other document basis which policy was issued or revived or rider issued.","sources":[{"clause":null,"heading":"Annexure – ‘C’","page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-annexure-c"},{"clause":"17(a)","heading":null,"page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-17-a"},{"clause":"17(b)","heading":null,"page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-17-b"},{"clause":"17(c)","heading":null,"page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-17-c"},{"clause":"17(d)","heading":null,"page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-17-d"},{"clause":"17(d)","heading":null,"page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-17-d-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits may be applicable as per prevailing tax laws, tax laws are subject to change, and the policyholder should consult a tax advisor.","display":"Tax benefits may be applicable as per prevailing tax laws","note":"From the sales brochure.","quote":"Tax benefits may be applicable as per prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details.","sources":[{"clause":null,"heading":"Tax Benefits","page":9,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-tax-benefits"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"You have a period of 30 days from the date of receipt of the Policy Document, to review the terms and conditions of the Policy.","sources":[{"clause":null,"heading":"Section Nine: Free Look Period","page":8,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-nine-free-look-period"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days; 15 days for monthly mode","note":"15 days applies for monthly mode; 30 days applies for non-monthly mode.","quote":"the policyholder will have grace period of 30 days in case of non monthly mode policies and 15 days of grace period in case of monthly mode policies from the due date to pay Premium","sources":[{"clause":"Part C(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum entry age is 8 years and maximum entry age is 55 years, age as on last birthday.","display":"Minimum 8 Years; Maximum 55 Years","note":"From the sales brochure.","quote":"Age at Entry## | Minimum: 8 Years Maximum: 55 Years ... ##Age as on last birthday","sources":[{"clause":null,"heading":"Eligibility Conditions","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-eligibility-conditions"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["annual","monthly","quarterly","semi-annual"],"display":"annual, monthly, quarterly, semi-annual","note":null,"quote":"If the Premium Frequency is annual, then Premium must be paid on each Policy Anniversary. If the Premium Frequency is monthly/quarterly/semi-annual, the Premium must be paid on the date corresponding with the Policy Commencement Date in every month/quarter/half year respectively till the end of the Premium Paying Period.","sources":[{"clause":"Part C(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-c-c"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["regular","limited"],"display":"regular or limited","note":"From the sales brochure. A 20-year premium paying term matches the 20-year policy term; 5, 10 and 15 years are limited premium terms.","quote":"Option to choose regular or limited Premium Payment tenure. ... Premium Payment Term | 5,10,15 or 20 Years","sources":[{"clause":null,"heading":"One plan. Many advantages: Pramerica Life","page":2,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-one-plan-many-advantages-pramerica-life"},{"clause":null,"heading":"Eligibility Conditions","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428#c-eligibility-conditions"}],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":5},"display":"five consecutive completed years","note":null,"quote":"Lock-in Period means the period of five consecutive completed years from the date of commencement of the policy, during which period the proceeds of the discontinued policies cannot be paid by the company to the Policyholder or to the Life Assured, as the case may be, except in the case of death or upon the happening of any other contingency covered under the policy.","sources":[{"clause":null,"heading":"Lock-in Period","page":2,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-lock-in-period"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"Premium Allocation Charge is a percentage of premium deducted from Regular Premium at receipt. It is 5.15% of Annual Premium in policy year 1 and 2.50% of Annual Premium from policy year 2 onwards, and is guaranteed not to change.","display":"5.15% in policy year 1; 2.50% from year 2 onwards","note":null,"quote":"Premium Allocation Charge: This charge is a percentage of Premium and is deducted from the Regular Premium at the time of the receipt of Premium. This charge is guaranteed not to change.\nPolicy Year | Percentage of Annual Premium\nthan three months.\n1 | 5.15%\nSection Two: Funds\n2 and onwards | 2.50%","sources":[{"clause":"Part E(a)(i)","heading":"Premium Allocation Charge","page":9,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-e-a-i"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"quote-verified","value":"Mortality Charge is deducted monthly by cancellation of units from the Regular Premium Unit Account at the beginning of each policy month, is guaranteed not to change, and is based on Annexure I mortality charges per 1000 of Sum At Risk by attained age and gender.","display":"Monthly charge by cancellation of units; per 1000 of Sum At Risk by attained age and gender","note":null,"quote":"iii) Mortality Charge: This charge is deducted by cancellation of Units from the Regular Premium Unit Account at applicable Unit Price at the beginning of each Policy month and is guaranteed not to change. Refer to Annexure ... Annexure I Mortality Charges (per 1000 of Sum At Risk)","sources":[{"clause":"Row 1(c)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-row-1-c"},{"clause":"Annexure I","heading":"Mortality Charges (per 1000 of Sum At Risk)","page":25,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-annexure-i"}],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"quote-verified","value":"Four switches may be made in a Policy Year without charge; later switches attract the schedule charge. Partial withdrawals are allowed after completion of the 5-year lock-in period, with 10 partial withdrawals permitted during the entire policy term, the first partial withdrawal in a policy year free, and a maximum single withdrawal of 25% of Fund Value.","display":"4 free switches per Policy Year; partial withdrawals after 5 years, total 10 during term, first in a Policy Year free, max 25% of Fund Value","note":"For a minor life insured, partial withdrawal request can be placed only after age 18 or above.","quote":"The Policyholder may make partial withdrawals in accordance with this Article after the completion of the lock-in period (5 years after the commencement of the policy), subject to the following: ... A total of 10 partial withdrawals will be permitted during the entire Policy Term of which, the first partial withdrawal in a Policy Year shall be free of any Charge to the Policyholder. ... The maximum withdrawal for a single partial withdrawal shall not exceed 25% of the Fund Value at the time of withdrawal. ... Four switches may be made in a Policy Year without any charge, but any subsequent switch will attract the charges as specified in the Schedule.","sources":[{"clause":"Part D(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-part-d-a-3"},{"clause":null,"heading":"Section Three: Switching","page":6,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422#c-section-three-switching"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Document","pages":25,"fetched_at":"2026-10-17 19:56:03+00","source_url":"https://pramericalife.in/admin/assets/images/pages/learn-more-box/2026/03/1772696771-Policy%20document%20SW+.pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14422"},{"kind":"wording","label":"Pramerica Life Smart Wealth+ (140L041V01)","pages":18,"fetched_at":"2026-10-17 19:58:28+00","source_url":"https://pramericalife.in/admin/assets/pdf/terms_and_conditions/1728624068-Pramerica%20Life%20Smart%20Wealth+%20(140L041V01)_TC.pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14558"},{"kind":"wording","label":"Pramerica Life Smart Wealth+ (IRDAI copy)","pages":23,"fetched_at":"2026-10-20 02:59:42+00","source_url":"https://irdai.gov.in/documents/37343/563751/Smart+WealthPlus_Policy+Document_DHFL02_2014-15.pdf/bcb69581-8ebd-0069-6512-d67227b2d2bf?version=1.1&t=1667552699796&download=true","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/30042"},{"kind":"cis","label":"CIS - Pramerica Life Smart Wealth Plus","pages":8,"fetched_at":"2026-10-17 19:55:52+00","source_url":"https://pramericalife.in/admin/assets/images/pages/learn-more-box/2026/03/1772703294-CIS%20SW+%20(1).pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14411"},{"kind":"brochure","label":"Policy Brochure","pages":18,"fetched_at":"2026-10-17 19:56:08+00","source_url":"https://pramericalife.in/admin/assets/images/pages/learn-more-box/2026/10/1792048546-SMART_WEALTH%20+_2026_OCT_BROCHURE_V13.pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05/document/14428"}],"versions":[{"uin":"140L041V01","version":null,"approved_on":null},{"uin":"140L041V05","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Pramerica Life Insurance official website","url":"https://pramericalife.in/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims","url":"https://pramericalife.in/claim","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://pramericalife.in/customer-services/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Pramerica Life Smart Wealth+ (UIN 140L041V05), IndiaInsurances, https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-smart-wealth-140l041v05"}