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Pramerica Life Wealth + Ace Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

Pramerica Life Wealth + Ace Plan

Pramerica Life Wealth + Ace Plan is a Single Premium Non-Participating Unit Linked Insurance Plan (ULIP). Thus, it is a Non-Traditional Plan without Bonus Facility. This is the type I ULIP.
How it works – In this plan, premium needs to be paid only at the beginning of the plan in a lumpsum. This is a Single Premium plan while the policy continues till the end of the policy tenure of 10, 15, 20 or 25 years.

This Plan offers persistency units at the end of every 5th policy year starting from the 10th policy anniversary.
In this plan, the Fund Value is paid to the Policyholder at the end of the Policy Tenure as Maturity Benefit. However, if the Life Insured dies within the Policy Tenure, then the higher of the Sum Assured or Fund Value is paid to the nominee as Death Benefit and the policy terminates.
This Plan offers Systematic Transfer Plan which helps to hedges the risk of the fund investment against market volatility. This plan has 5 investment funds and 2 additional riders in this plan- Accidental Death Benefit rider and Critical Illness Benefit rider.

Key Features of Pramerica Life Wealth + Ace Insurance Plan

  • This is a simple ULIP without bonus facility
  • This is a Single Premium ULIP
  • This Plan offers persistency additions at the end of every 5 years from the end of the 10th policy year onwards for higher premium amounts
  • The Fund Value is paid as Maturity Benefit at the end of the policy tenure
  • If the Life Insured dies within the Policy Tenure, Sum Assured or Fund Value, whichever is higher is paid as Death Benefit
  • This Plan offers Systematic Transfer Plan which helps to reduce the risk of the fund investment against market volatility
  • This plan offers 5 Funds for Investment and 2 additional rider benefits
  • The sum assured can be increased or decreased after the third policy anniversary



Benefits you get from Pramerica Life Wealth + Ace Insurance Policy

Death Benefit – In case of death of the Life Insured, the nominee would get Sum Assured or Fund Value, whichever is higher + accrued Persistency Additions as Death Benefit and the policy would terminate.
Maturity Benefit – On maturity, the Fund Value is paid to the policyholder.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.

Eligibility conditions & other restrictions in Pramerica Life Wealth + Ace Policy

Sum Assured (in Rs.)
1.25 X Single Premium for
Age= 45 years and
1.10 X Single Premium for Age>= 45 years
5 X Single Premium for Age<=60 years and
2 X Single Premium for Age>60
Policy Term (in years)
10, 15, 20
Premium Payment Term (in years)
Entry Age of Life Insured (in years)
Age at Maturity (in years)
Single Premium (in Rs.)
No Limit
Payment modes
Only Single


Sample illustration of returns in Pramerica Life Wealth + Ace Plan

Single Premium = Rs.100,000
Sum Assured       = Rs 125,000
Policy Term          = 15 years
Total Investment = Rs. 100,000
Age                        = 30 years Male
Fund                       = Balance Fund
DLF Pramerica Wealth+ Ace Plan Sample Benefit Illustration


‚ÄčAdditional Features and Benefits of Pramerica Life Wealth + Ace Plan


Riders – There are 2 riders available in this policy
  1. Unit Linked Accidental Death Benefit rider
  2. Unit Linked Critical Illness Benefit rider
Investment Fund Options
There are 5 Investment Funds available
  1. Debt Fund
  2. Balance Fund
  3. Growth Fund
  4. Large Cap Equity Fund
  5. Liquid Fund
Top-up - Not Applicable.
Switching - You have the flexibility to switch investments from one fund to the other any time during the policy term.  This plan offers 4 Free Switches every year and the minimum switch amount is Rs 5000.
Partial Withdrawal - Partial Withdrawals in this policy is allowed after completion of 5 policy years. A Total of 5 free Partial Withdrawals in a policy year are available free of cost. The minimum amount of Partial Withdrawal should be Rs.10, 000 and the maximum amount of Partial Withdrawal is 75% of the Fund Value such that at least the Fund Value contains the Single Premium amount after any Partial Withdrawal.

 What happens if?

You stop paying the premium- Being a Single Premium Plan, there is no question of further payment of premium.
You want to surrender the policy – The policy can be surrendered from the 6th (sixth) policy year. The surrender value will be equal to the fund value of all the premiums paid.
You want a loan against your policy – Loan facility is not available under this policy.

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