Pramerica Life - Wealth+ Ace Plan - Balanced Fund

* Invest one time and reap many benefits across the policy term
* Persistency Units:The Company will add persistency units to your unit account at the end of every 5th year starting from 10th policy anniversary provided they fall within the policy term.
* Avail the option to invest specific amounts at monthly intervals through our Systematic Transfer Plan (STP).
* Enhance the level of protection by adding rider/s to your plan.

Benefit on Maturity :
On maturity, fund value including the value of persistency units will become payable.
Benefit on Death :
In the event of death, the Policy pays higher of Sum Assured less partial withdrawals (if applicable) or Fund Value (including the value of persistency units) or 105% of Premium paid.The policy will terminate on payment of death benefit.
Surrender Benefit :
A policy issued under this plan will acquire surrender value from first policy year. However, no surrender value will
be payable during the lock in period , which is a period of five consecutive years from the date of commencement of the policy.
Tax Benefits :
Tax Benefits will be applicable as per prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details

Minimum Age at Entry
8 Years for Policy Term 10 Years
3 Years for Policy Term 15 Years
90 Days for Policy Term 20 or 25 Years
For ADB Rider Minimum Entry Age is 18 Years
Maximum Age at Entry 65 Years
For ADB Rider Maximum Entry Age is 60 Years

Minimum Single Premium: Rs 65,000
Maximum Single Premium: Depends on Maximum Sum Assured, subject to underwriting.

A multiple of Annualized Premium as defined below:
Age at Entry less than 45 Years 1.25 times of Single Premium.
Age at Entry 45 Years and above 1.10 times of Single Premium.
Subject to maximum of Rs 10 Crore.

You will have a period of 15 days (30 days in case the Policy is sold through distance marketing) from the date of receipt of the Policy document to review the terms and conditions of the Policy and where you disagree to any of these terms and conditions, you have an option to return the Policy stating the reasons for objection. On receipt of the letter along the Policy documents,the Company will refund the fund value as on date of cancellation plus unallocated part of Premium plus charges deducted from Policy by cancellation of units,subject to the deduction of proportionate risk Premium and any expenses incurred by the Company on insurance stamp duty and on medical examination.

Single Premium Allocation Charge for Policy Allocation Charge for Policy
Term of 10 Years Term of 15,20 & 25 Years
Band 1 4.00% 3.50%
Band 2 3.00% 2.50%

The FMC would be adjusted in the unit price of each fund and will be levied on a daily basis. The charge is reviewable
and subject to maximum of 1.35% p.a. for each of the fund and upon prior approval from the IRDA of India. The
following fund management charges would be levied.
Fund Name FMC (per annum)
Debt Fund 1.20%
Liquid Fund (in case of STP ) 1.20%
Balance Fund 1.35%
Growth Fund 1.35%
Large Cap Equity Fund 1.35%
Discontinued Policy Fund (DPF) 0.50%

Mortality Charge will be applied on Sum at Risk. It will be deducted monthly by cancellation of units from the unit
account. Indicative annual mortality charges per 1000 of sum at risk for a healthy male are as follows:
Attained Age (Years) 20 30 40 50
Mortality Charge 1.27 1.46 2.69 6.92

At the beginning of each Policy month, the company will deduct the following charges from the Policyholder s unit
account by way of cancellation of units:
Policy Year Single Premium Amount Policy Admin Charges (per month)
1-3 Band-1 Lower of 0.180% of Single Premium or Rs 150.
Band-2 Lower of 0.075% of Single Premium or Rs 150.
4 onwards Band-1 Nil
Band-2 Nil

To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account after 5 Policy years. Such withdrawals can be made 5 times during the entire term of the Policy. Partial withdrawal is not allowed until the minor life insured (if applicable) attains majority i.e. on or after the attainment of age 18. The minimum
withdrawal amount is Rs 10,000.

Policy Year in which Policy is
discontinued Discontinuance Charge / Surrender Charge
1 Lower of 1% of (SP or FV) subject to a maximum of Rs6000.
2 Lower of 0.5% of (SP or FV) subject to a maximum of Rs5000.
3 Lower of 0.25% of (SP or FV) subject to a maximum of Rs4000.
4 Lower of 0.1% of (SP or FV) subject to a maximum of Rs2000.
5 and onwards NIL