{"uin":"140L088V05","name":"Pramerica Life Super Investment Plan","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05","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":"2023-05-29","withdrawn_on":null,"summary":"Pramerica Life Super Investment Plan is a unit linked non participating life insurance plan with Wealth Builder, Dream Builder and Inheritance Builder options. It has a 5-year lock-in, no premium allocation charge and no switching charges or restrictions on fund switches.","analysis":{"state":"machine","analysed_at":"2026-10-19 23:53:06.114176+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":"quote-verified","value":["Wealth Builder","Dream Builder","Inheritance Builder"],"display":"Wealth Builder, Dream Builder and Inheritance Builder","note":null,"quote":"This is a unit linked non participating life insurance plan that provides three Plan Options: Wealth Builder, Dream Builder and Inheritance Builder.","sources":[{"clause":null,"heading":"Section One: Policy Benefits","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-section-one-policy-benefits"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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 immediately notified of the Life Insured’s death in writing.","display":"Immediately notified of death in writing","note":null,"quote":"In order for the Company to make any payment under the Policy, it is necessary that the Company:\na) Is immediately notified of the Life Insured’s death in writing.","sources":[{"clause":null,"heading":"Section Two: Death Claim Processing","page":15,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#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 Death Claim Form duly completed","The original 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","Copy of Post-Mortem Report","NEFT Mandate","Cancelled cheque","KYC Documents"],"display":"Death claim form, policy document, death certificate, claimant KYC and bank details, hospital records, last medical attendant report; FIR/final police report and post-mortem report for unnatural death; NEFT mandate, cancelled cheque and KYC documents for maturity claim.","note":null,"quote":"Basic documentation if death is due to natural Cause\ni) The Company’s Death 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 ... Basic documentation for Maturity Claim:\na) NEFT Mandate\nb) Cancelled cheque\nc) KYC Documents","sources":[{"clause":null,"heading":"Section Two: Death Claim Processing","page":15,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-section-two-death-claim-processing"},{"clause":null,"heading":"Section Three: Maturity Claim Processing","page":15,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#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 15 days from intimation without investigation and 45 days from intimation with investigation.","display":"15 days without investigation; 45 days with investigation, from claim intimation","note":"Stated in the Customer Information Sheet; the policy wording lists documents and intimation but does not print these settlement TATs.","quote":"Death Claim Settlement without Investigation from the date of intimation of claim -15 days • Death Claim Settlement with Investigation from the date of intimation of claim -45 days","sources":[{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":2,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14414#c-customer-information-sheet-know-your-policy-2"}],"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":["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"],"display":"Suicide or attempted suicide within 12 months of policy commencement or revival is limited to the suicide clause payment.","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","sources":[{"clause":"Part C(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-c-a"}],"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 a multiple of annualized premium. Less than 50 years: 7 or 10 times AP; 50 to 55 years: 5 or 10 times AP; 56 years and above: 5 times AP.","display":"Less than 50 yrs.: 7/10 times AP; 50 yrs. to 55 yrs.: 5/10 times AP; 56 yrs. and above: 5 times AP","note":"From the sales brochure. AP refers to Annualized Premium.","quote":"Sum Assured (`) | Less than 50 yrs. : 7/ 10 times AP$ 50 yrs. to 55 yrs. : 5/10 times AP$ 56 yrs. and above : 5 times AP$","sources":[{"clause":null,"heading":"Eligibility Conditions","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433#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":"For Wealth Builder and Inheritance Builder, death benefit is the higher of sum assured including top-up sum assured, fund value including top-up fund value, or 105% of total premiums paid. For Dream Builder, an immediate amount of higher of sum assured including top-up sum assured or 105% of total premiums paid is paid, future due premiums are infused by the company, and fund value is paid at the end of the policy term.","display":"Wealth/Inheritance: higher of Sum Assured, Fund Value or 105% of total premiums paid. Dream: immediate higher of Sum Assured or 105% of total premium paid, future premiums by company, and Fund Value at term end.","note":"Sum Assured is reduced by partial withdrawals made in the last 2 years before death.","quote":"For Wealth Builder & Inheritance Builder Options:\nHigher of Sum Assured* (including Top-up Sum Assured, if any) or Fund Value (including Top-up Fund Value, if any) or 105% of the total premiums paid (including Top-up premium, if any) till the date of death\nFor Dream Builder Option:\n• Immediately on death of the Life Insured, the beneficiary will receive higher of Sum Assured* (including Top-up Sum Assured, if any) or 105% of total Premium paid (including Top-up premium, if any) till date of death.\n• The policy will continue to be In-Force and all future due premiums (from the date of death) will be infused by the company as and when due.\n• At the end of the Policy Term, Beneficiary will get the Fund value (including Top-up Fund Value) if any.","sources":[{"clause":"Part C(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-c-a"}],"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 maturity, the fund value including value of top-up units is paid, unless the settlement option has been chosen.","display":"Fund Value including value of Top-Up Units at maturity, unless Settlement Option is opted","note":null,"quote":"On the Maturity of the Policy, the Fund Value including value of Top-Up Units as at that date shall be paid, unless the Settlement Option has been opted by the Policyholder in accordance with the terms and conditions of the Policy.","sources":[{"clause":"Part C(b)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-c-b"}],"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 for Wealth Builder and Dream Builder, and 99 years for Inheritance Builder.","display":"Maximum maturity age: 75 years for Wealth/Dream; 99 years for Inheritance","note":"From the sales brochure. Age is age as on last birthday.","quote":"Maturity Age## | Minimum: 18 years Maximum: 75 years | Minimum: 28 years Maximum: 75 years | Minimum: 99 years Maximum: 99 years","sources":[{"clause":null,"heading":"Eligibility Conditions","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433#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 12 months of policy commencement or within 12 months from revival, the company pays the fund value as on the date of intimation of death and adds back charges other than fund management charges and guarantee charges levied after the date of death.","display":"Within 12 months of commencement or revival: Fund Value at death intimation, plus add-back of charges other than FMC and guarantee charges levied after death","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 be added back to the fund value as available on the date of intimation of death.","sources":[{"clause":"Part C(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-c-a"}],"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 five-year lock-in. Surrender in the first five policy years credits fund value less discontinuance charges to the discontinued policy fund and pays proceeds at the end of lock-in; after the fifth policy year, fund value is paid with no surrender penalty.","display":"Acquires surrender value immediately; not payable during 5-year lock-in. Within first 5 years: FV less discontinuance charge to Discontinued Policy Fund and paid at lock-in end. After fifth year: Fund Value paid, no surrender penalty.","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 after deducting the applicable discontinuance charges, shall be credited to the Discontinued Policy Fund ... If the Policyholder opts for surrender after the completion of the fifth policy year, the Fund Value if any will be paid. No surrender penalty will be levied","sources":[{"clause":null,"heading":"Section Six: Surrender Value","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-section-six-surrender-value"}],"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":"After the lock-in period, if the policy is discontinued for non-payment after expiry of grace period, it is converted into a reduced paid-up policy with paid-up sum assured multiplied by the ratio of premiums already paid period to the maximum period originally payable. Rider cover, if available, does not continue.","display":"After lock-in non-payment: reduced paid-up policy; paid-up sum assured adjusted by paid period/original premium payable period; no rider cover","note":null,"quote":"Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium after lock in period, the policy shall be converted into a reduced paid up policy with the paid-up sum assured multiplied by a ratio of “total period for which premiums have already been paid” to the “maximum period for which premiums were originally payable” as per the terms and conditions of the policy. The policy shall continue to be in reduced paid up status, without any rider cover, if available.","sources":[{"clause":"Part C(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-c-a-3"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A discontinued policy can be revived within three years from the date of first unpaid premium, subject to payment of overdue premiums and the company’s underwriting policy.","display":"Within three years from date of first unpaid premium","note":null,"quote":"The Policyholder has the option to revive the discontinued Policy within three years from 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-super-investment-plan-140l088v05/document/14430#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":"Loan facility is not available","note":null,"quote":"Loan facility is not available under this Policy.","sources":[{"clause":null,"heading":"Section Seven: Loan","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#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 issuance, commencement of risk, revival, or rider date. Within 3 years it may be questioned on fraud, with written communication of the ground and materials.","display":"Cannot be questioned after 3 years; fraud can be questioned within 3 years with written grounds and materials","note":null,"quote":"No Policy of Life Insurance shall be called in question on\nany ground whatsoever after expiry of 3 yrs from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy whichever is later. ... On the ground of fraud, a policy of Life Insurance may be\ncalled in question within 3 years from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy whichever is later. For this, the insurer should communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based.","sources":[{"clause":"1","heading":"No Policy of Life Insurance shall be called in question on","page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-1-5"},{"clause":"2","heading":"On the ground of fraud, a policy of Life Insurance may be","page":24,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-2-5"}],"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, and tax laws are subject to change. The document says to consult a tax advisor for details.","display":"Tax benefits may be applicable as per prevailing tax laws; consult your tax advisor","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":13,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433#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":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#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 to monthly mode policies.","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, during which time the policy is considered to be in-force with-out any interruption as per the terms & conditions of the policy.","sources":[{"clause":"Part C(b)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-c-b"}],"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 90 days for Wealth Builder and Inheritance Builder, and 18 years for Dream Builder. Maximum entry age is 65 years for Wealth Builder and Inheritance Builder, and 45 years for Dream Builder.","display":"Wealth/Inheritance: 90 days to 65 years; Dream: 18 years to 45 years","note":"From the sales brochure. Age is age as on last birthday.","quote":"Age## at Entry | Minimum: 90 Days Maximum: 65 years | Minimum: 18 years Maximum: 45 years | Minimum: 90 Days Maximum: 65 years","sources":[{"clause":null,"heading":"Eligibility Conditions","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433#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","Semi-Annual","Quarterly","Monthly"],"display":"Annual, Semi-Annual, Quarterly & Monthly","note":"From the sales brochure. Monthly mode is available only through credit card, direct debit and ECS.","quote":"Premium Payment Frequency | Annual, Semi-Annual, Quarterly & Monthly**","sources":[{"clause":null,"heading":"Eligibility Conditions","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433#c-eligibility-conditions"}],"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":["Limited premium"],"display":"Limited premium","note":"From the sales brochure. Premium payment terms shown are shorter than the policy terms.","quote":"Premium Payment Term ( PPT) | Policy Term Premium Payment 7, 10,12 and 15 years (years) Term (years) 10 5 to 9 15 5 to 14 20/25/30 5 to 15\nPolicy Term (years) | Premium Payment Term (years)\n10 | 5 to 9\n15 | 5 to 14\n20/25/30 | 5 to 15","sources":[{"clause":null,"heading":"Eligibility Conditions","page":3,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433#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":"5 years","note":null,"quote":"Lock-in Period means the period of five consecutive years from the date of commencement of the policy, during which period the proceeds of the discontinued policies cannot be paid by the insurer to the Policyholder or to the Life Insured, 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":"General Terms","page":1,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-general-terms"}],"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":"quote-verified","value":["Debt fund - Low","Balanced Equilibrium Fund - Medium","Growth Momentum Fund - High","Large Cap Advantage Fund - High","Flexi Cap Opportunities Fund - High","Pramerica Nifty Mid Cap 50 Correlation Fund - High","Pramerica Nifty Smallcap 250 Quality 50 Correlation Fund - High","Pramerica A.G.A.M Ethical Equity Fund - High","Pramerica Rising Bharat Fund - High","Liquid Fund (only in case of STP) - Low"],"display":"Debt fund Low; Balanced Equilibrium Fund Medium; Growth Momentum Fund High; Large Cap Advantage Fund High; Flexi Cap Opportunities Fund High; Pramerica Nifty Mid Cap 50 Correlation Fund High; Pramerica Nifty Smallcap 250 Quality 50 Correlation Fund High; Pramerica A.G.A.M Ethical Equity Fund High; Pramerica Rising Bharat Fund High; Liquid Fund only in case of STP Low","note":"Discontinued Policy Fund is not listed as an investment choice because it is used when a policy is surrendered or discontinued during lock-in.","quote":"Debt fund (SFIN: ULIF00127/08/08FIXEDIFUND 140) | To generate steady return at lower risk by investing in a range of debt securities. | Government Securities: 50% to 100% Corporate bonds: 0% to 50% Money Market/cash: 0% to 40% | Low\nBalanced Equilibrium Fund (SFIN: ULIF016010223BALEQIBFND1 40) | Generate stable returns from a prudent combination of equity and fixed income investment with the possibility of increasing the fixed income contribution to 35% | Equity and Equity Related Instruments: 65% to 75% Govt.Security / Corporate bonds / Money Market Instruments: 25% to 35% | Medium\nGrowth Momentum Fund (SFIN: ULIF015010223GROWMOMFN D140) | Generate superior long-term returns from a diversified portfolio of equity and debt securities. The fixed income allocation can be increased to 25% depending upon market conditions to afford stability to the fund. | Equity and Equity Related Instruments: 75% to 85% Govt. Security / Corporate bonds / Money Market Instruments: 15% to 25% | High\nLarge Cap Advantage Fund (SFIN: ULIF013010223LARCPADFND 140) | To generate long-term capital appreciation from investment in large cap stocks which are constituents of the Nifty 100, subject to the regulatory limits on investee companies, their groups and industry sectors with the objective of beating the respective benchmark returns. The fund will have the flexibility of moving into fixed income instruments to the extent of 15% during more volatile periods. | Equity and Equity Related Instruments: 85% to 100% Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15% | High\nFlexi Cap Opportunities Fund (SFIN: ULIF014010223FLEXIOPFND1 40) | Dynamic capital appreciation through diversified investments in companies across the market capitalisation spectrum. The fund will have the flexibility of moving into fixed income instruments to the extent of 15% during more volatile periods. | Equity and Equity Related Instruments: 85% to 100% Govt. Security / Corporate bonds / Money Market Instruments: 0% to 15% | High\nPramerica Nifty Mid Cap 50 Correlation Fund (SFIN: ULIF017260423NIFMIDICOR1 40) | To invest in equity and equity oriented instruments in order to generate returns that closely corresponds to the returns of the Nifty Mid Cap 50 Index subject to tracking errors. The fund would invest in securities that form part of the NIFTY Mid Cap 50 Index to achieve high correlation with the index within the regulatory framework permitted. | Equity & equity oriented instruments: 90-100% Money Market Instruments: 0-10% | High\nPramerica Nifty Smallcap 250 Quality 50 Correlation Fund (SFIN:) ULIF024201125NIFSMLQCOR 140 | The Fund aims to closely track the returns of Nifty Smallcap 250 Quality 50 Index, offering investors access to high-quality small-cap companies with the potential to deliver sustainable long-term capital growth. | Equity & equity oriented instruments: 90-100% Money Market Instruments: 0-10% | High\nPramerica A.G.A.M Ethical Equity Fund (SFIN: ULIF026200126PRAGAMEFN D140) | The investment objective of this fund is to specifically exclude companies dealing in Animal cruelty, Violence, Environmental damage, Tobacco, Liquor and Gambling. | Equity & equity related instruments - 80-100% Cash & equivalents - 0-20% | High\nPramerica Rising Bharat Fund (SFIN: ULIF027050326PRARIBHFND 140) | The Fund is a rules-based equity ULIP fund designed to improve long-term compounding by combining two complementary return drivers: (i) durability and financial strength (quality) and (ii) market leadership (momentum). The intent is to stay invested through cycles with a disciplined process, reducing emotional decision-making. | Equity & Equity Related Instruments - 90% to 100% Cash & Money Market Instruments - 0% -10% | High\nLiquid Fund (only in case of STP) (SFIN: ULIF00920/01/11LIQUIDFUND 140) | To generate steady return at lower risk by investing in a range of short-term debt/liquid money market securities | T-Bill/Money Market/Cash: 100% | Low","sources":[{"clause":"Annexure II","heading":null,"page":12,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-annexure-ii"}],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"Nil. There is no premium allocation charge on regular premium or top-up premium in this product.","display":"NIL; no premium allocation charge on regular Premium or Top-up Premium","note":null,"quote":"Premium Allocation Charge: NIL, there is no premium allocation charge (on regular Premium or Top-up Premium) in this product.","sources":[{"clause":"Part E(a)","heading":"Premium Allocation Charge","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-e-a-2"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"Policy administration charge is deducted monthly by cancellation of units. It is 0.35% per month in policy years 1 to 5, 0.25% per month in policy years 6 to 30, and Nil from year 31 onwards.","display":"0.35% per month in years 1 to 5; 0.25% per month in years 6 to 30; Nil from year 31 onwards","note":"Policy wording states these charges are guaranteed.","quote":"Policy Administration Charge: This is an administration Policy Year in Charge expressed as a percentage of Annualized which policy is Annualized Premium Annualized Premium Premium as at inception and deducted by the discontinued up to Rs.50,000/- above Rs.50,000/- cancellation of Units from the Unit Account at the ... Policy Year 1 to 5 6 to 30 31 onwards ... % Charge per month for all bands | 0.35% | 0.25% | Nil","sources":[{"clause":"Part E(a)","heading":"Premium Allocation Charge","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-e-a-2"},{"clause":"Row 2","heading":"Lower of 15% of (AP or FV) subject to a maximum of Rs.2000","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-row-2"}],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"quote-verified","value":"Fund management charge is levied daily by NAV adjustment and is reviewable up to a maximum of 1.35% per annum with prior IRDAI approval. Printed FMCs range from 0.50% for the Discontinued Policy Fund to 1.35% for several equity funds.","display":"Daily NAV adjustment; 0.50% to 1.35% p.a.; maximum 1.35% p.a. with prior IRDAI approval","note":null,"quote":"Fund Management Charge (FMC): This no discontinuance charge under Top-Up premiums. Charge is levied on a daily basis by adjustment to the NAV. It is reviewable subject to maximum of 1.35% per annum, on prior approval from IRDAI. ... Fund Name | FMC\nDebt Fund (SFIN: ULIF00127/08/08FIXEDIFUND140) | 1.20% ... Balanced Equilibrium Fund (SFIN: ULIF016010223BALEQIBFND140) | 1.35% ... Discontinued Policy Fund (ULIF01024/02/11DISCONFUND140) | 0.50%","sources":[{"clause":"Part E(a)","heading":"Premium Allocation Charge","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-e-a-2"},{"clause":"Part E(a)","heading":"Premium Allocation Charge","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-e-a-3"}],"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 at the beginning of each policy month and is guaranteed not to change. The Annexure gives mortality and WOP charge rates per 1000 of sum at risk and states the monthly mortality charge formula.","display":"Monthly by cancellation of units; rates per 1000 of sum at risk; guaranteed not to change","note":null,"quote":"Mortality Charge: This Charge is deducted by ... cancellation of Units from the Unit Account at applicable ... Unit Price at the beginning of each Policy Month and is ... guaranteed not to change. Please refer to Annexure I for ... details. ... Mortality and WOP Charge Rate (per 1000 of Sum at Risk) for all Plan Options ... Monthly mortality charge = Sum at Risk (SAR) multiplied by | • Dream Builder Option – Top-up Death Benefit\nmortality charge rate divided by (12 * 1000)","sources":[{"clause":"Part E(a)","heading":"Premium Allocation Charge","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-e-a-2"},{"clause":"Part E(a)","heading":"Premium Allocation Charge","page":10,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-part-e-a-3"}],"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":"Within Defined Portfolio Strategy, there are no switching charges or restrictions on number of switches during the policy term. Partial withdrawals are allowed after completion of the 5-year lock-in, subject to conditions including not exceeding 20% of fund value at the start of the policy year; there are no restrictions or charges on number of partial withdrawals.","display":"Switches: no charges or restrictions on number. Partial withdrawals: after 5-year lock-in, up to 20% of Fund Value at start of policy year; no restrictions or charges on number.","note":"Systematic Withdrawal Option can be opted anytime from 10th policy year or thereafter.","quote":"Within Defined Portfolio Strategy, the Policyholder may switch Units between available Funds subject to the following: ... b) There are no switching charges or restrictions on number of switches during the Policy Term. ... 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: ... iii) Total amount of partial withdrawals in a Policy Year should not exceed 20% of the Fund Value at the start of that Policy Year.\niv) There are no restrictions or charges on number of Partial Withdrawals during the Policy Term.","sources":[{"clause":null,"heading":"Section Four: Switching","page":7,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-section-four-switching"},{"clause":null,"heading":"Section Two: Partial Withdrawals","page":6,"url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430#c-section-two-partial-withdrawals"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Document","pages":24,"fetched_at":"2026-10-17 19:56:09+00","source_url":"https://pramericalife.in/admin/assets/images/pages/learn-more-box/2026/03/1772695196-Policy%20Document%20SIP.pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14430"},{"kind":"cis","label":"CIS - Pramerica Life Super Investment Plan","pages":8,"fetched_at":"2026-10-17 19:55:55+00","source_url":"https://pramericalife.in/admin/assets/images/pages/learn-more-box/2026/03/1772695070-CIS%20SIP.pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14414"},{"kind":"brochure","label":"Product Brochure","pages":22,"fetched_at":"2026-10-17 19:56:15+00","source_url":"https://pramericalife.in/admin/assets/images/pages/learn-more-box/2026/10/1792059603-PRAMERICA%20LIFE%20SUPER%20INVESTMENT%20PLAN_2026_OCT_BROCHURE_V9.pdf","url":"https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05/document/14433"}],"versions":[{"uin":"140L088V01","version":null,"approved_on":null},{"uin":"140L088V05","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 Super Investment Plan (UIN 140L088V05), IndiaInsurances, https://indiainsurances.com/policy/pramerica-life-insurance/pramerica-life-super-investment-plan-140l088v05"}