Pramerica Life Insurance
Pramerica Life Insurance Premium Calculator

Pramerica Life Insurance Premium Calculator

There are several different life insurance policies available from Pramerica, one of the nation’s up-and-coming life insurers. You may check out information about different products on the company’s official website. 

The company also offers premium calculators that determine the cost of a policy depending on numerous parameters in order to make it simple for customers to comprehend the prices of various products. The Pramerica Life Insurance Premium Calculator is a crucial online tool used to figure out how much the plans’ premiums would cost. The calculator performs computations quickly and accurately. You can use it to make an informed choice about buying insurance.

Why Should You Use Pramerica Life Insurance Premium Calculator?

In addition to being user-friendly, the Pramerica Life Insurance Premium Calculator offers the following advantages to its users:

  • Precise Calculation: The Pramerica Life Insurance Premium Calculator is a trustworthy tool since you can calculate the premium precisely for any policy you choose.
  • Quick Calculation: After entering all the necessary information, the Pramerica Life Insurance premium calculator quickly calculates the premium for the policies.
  • Facilitates Better Decision Making: The Pramerica Life Insurance premium calculator calculates premiums quickly and precisely, enabling you to make an informed purchase choice.

What Types Of Calculators Are Offered By Pramerica Life Insurance?

The company offers various types of calculators to its customers. They are as discussed below:

Term Insurance Calculator

If you want to calculate the amount you need to pay while paying for the protection plan, you can use Pramerica Life Insurance’s protection plan calculator. You can do so by following the below-mentioned steps:

  1. Visit the official website of the company.
  1. On the home page, select “LIFE INSURANCE PLANS” and a list of various life insurance plans offered by Pramerica will be displayed on the screen.
  1. Choose any one plan from “Protection Plans”. A page will be shown with the introduction of the plan.
  1. Select “Calculate Premium” on the blue bar.
  1. Enter the policy particulars, such as the name of the life assured, email address, date of birth, etc. Also, enter base policy information and then press “Calculate”.
  1. The premium amount for your protection plan will be displayed on the screen.

ULIP Plan Calculator

For calculating the premium amount of your Pramerica Life Insurance’s ULIP Plan, you can adhere to the following steps:

  1. Open the official website of the company.
  1. Select “LIFE INSURANCE PLANS” on the homepage of the website and a list of life insurance plans will be shown on the screen.
  1. Choose any one plan that you wish to buy from “ULIP Plans”. The introductory page of the plan will open now.
  1. Choose “Calculate Premium” present on the blue bar of the page.
  1. Fill in the policy particulars like name of the life assured, email address, age, date of birth, etc. You also need to fill in basic policy information, such as policy term, premium payment mode, etc.
  1. Now select “Calculate” and the premium amount for your ULIP plan will be displayed on the screen.

Savings Plan Calculator 

If you are looking to buy Pramerica’s savings plan, then you can use its savings plan calculator for calculating the premium. Below are the steps you need to follow:

  1. Pay a visit to the official website of the company.
  1. You will see a tab for “LIFE INSURANCE PLANS”. Hover your mouse on it and various life insurance plans will be displayed on the screen.
  1. Select any one plan that you wish to buy from “Savings Plan”. You will be directed to the introductory page of the respective plan.
  1. Click “Calculate Premium” existing on the wide blue bar of the page.
  1. Now you need to type the policy particulars, including the name of the assured, age, date of birth, and so on. In addition, you need to enter basic policy information, such as policy term, premium payment term, and premium payment mode, to name a few.
  1. After entering all the necessary details, press “Calculate”. The premium details for your savings plan will be displayed on the screen.

Child Progress Plan Calculator 

Before you buy Pramerica’s Child Progress Plan, you can calculate its premium by using the company’s Child Progress Plan calculator. Here are the steps that you need to follow:

  1. Go to the official website of the company.
  1. Hover your mouse on the “LIFE INSURANCE PLANS” and you will see a list of life insurance plans offered by the company.
  1. Select “Pramerica Life Rakshak Smart” plan under the Child Progress Plan and an introductory page of the plan will be displayed on the screen.
  1. On the wide blue bar of the page, select “Calculate Premium”.
  1. Enter the policy particulars and basic policy information.
  1. After entering all the necessary details, select “Calculate”.
  1. The premium details for Pramerica’s Child Progress Plan will be illustrated soon.

Health Plan Calculator 

For calculating the premium amount of Pramerica’s health plan, follow the below-mentioned steps:

  1. Visit the homepage of the official website of the company.
  1. Click on “LIFE INSURANCE PLANS” and a list of several plans will be shown to you.
  1. Select the “Pramerica Life Cancer + Heart Shield” plan under the “Health Plan” section. After this, a page will be displayed explaining the respective plan.
  1. While scrolling a little bit down, you will see a section of “Get An Estimate”.
  1. Select your gender and age and wait for a while.
  1. The premium details for every four versions of the plan will be displayed below.

Retirement Plan Calculator

If you wish to calculate the premium amount for your retirement plan from Pramerica Life Insurance, then follow the below-mentioned steps:

  1. Pay a visit to the official website of the company.
  1. Click on “LIFE INSURANCE PLANS” and this will display a series of life insurance plans offered by the company.
  1. Select the “Pramerica Life Saral Pension” plan under the “Retirement Plan” section.
  1. Click on the “Calculate Premium” present on the wide blue-colored bar of the page.
  1. Enter all the necessary details and then press “Calculate”.
  1. The premium details for the plan will be shown on the screen.

How To Calculate Premium For Pramerica Life Insurance?

If you are planning to buy a Pramerica Life Insurance plan, it is very crucial to have an estimate about how much premium amount you need to pay. Let’s understand this through an example.

Mr. Nivesh, aged 29 years, was searching for the best savings plan for himself and he ends up selecting Pramerica Life Secure Savings Plan. He calculated his premium in the following ways:

  1. He visited the official website of the company and then clicked on the “LIFE INSURANCE PLANS” tab.
  1. Then, he selected “Pramerica Life secure Savings Plan” under the link of “Savings Plan”.
  1. After this, an introductory page opened on the screen describing the respective plan in brief.
  1. He then clicked on “Calculate Premium” on the wide blue bar of the page.
  1. He entered all his policy particulars and basic policy information, and then he hovered his mouse over “Calculate”.
  1. The premium details for the plan were displayed on the screen as shown below.

Basic Policy Information

Base Sum AssuredRs. 5,50,000
Premium Payment Term8 Years
Annual PayoutRs. 75,000
Mode Of Premium PaymentAnnual
Annualized PremiumRs. 50,000
Policy Term13 Years
Savings BoosterRs. 2,68,500

Policy Details

Policy TermTotal Death BenefitMaturity BenefitMinimum Guaranteed Surrender Value
1Rs. 5,54,68500
2Rs. 5,54,6850Rs. 30,000
3Rs. 5,54,6850Rs. 75,000
4Rs. 5,54,6850Rs. 1,10,000
5Rs. 5,54,6850Rs. 1,37,500
6Rs. 5,54,6850Rs. 1,80,000
7Rs. 5,54,6850Rs. 2,27,500
8Rs. 5,54,6850Rs. 2,80,000
9Rs. 5,54,6850Rs. 3,00,000
10Rs. 5,54,6850Rs. 3,20,000
11Rs. 5,54,6850Rs. 3,20,000
12Rs. 5,54,68503,60,000
13Rs. 5,54,68500
140Rs. 75,0000
150Rs. 75,0000
160Rs. 75,0000
170Rs. 75,0000
180Rs. 75,0000
190Rs. 75,0000
200Rs. 75,0000
210Rs. 3,43,5000
5/5 - (1 vote)