Pramerica Life Insurance Introduces Poorna Rakshak Savings Plan with Five Guaranteed Benefit Variants

Key facts

• Pramerica Life Insurance launched Poorna Rakshak, a non-linked, non-participating individual savings life insurance plan combining life protection with guaranteed benefits, announced on September 29, 2026 in Gurugram, Haryana.
• Poorna Rakshak offers five variants: Smart Scholars, Early Income, Income Booster, Smart Money Back, and Smart Saver.
• Under Income Booster, customers receive a cashback of 25% or 35% of Annualised Premium within 10 days of realisation of the first premium post issuance.
• Smart Money Back provides guaranteed income at five-year intervals, with each successive payout doubling the previous payout.
• Smart Scholars provides income beginning at age 16-18, continuing through milestone years 20-25, with a guaranteed lumpsum benefit at the end.
• Early Income begins payouts from the 2nd, 3rd or 4th policy year, while Smart Saver provides structured income from the 6th through the 10th year along with a maturity benefit.
• Pramerica Life Insurance is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited, and Prudential International Insurance Holdings, Ltd. (PIIH), a subsidiary of Prudential Financial, Inc., and started operations in India on September 1, 2008.
• Pankaj Gupta is the MD & CEO and Karthik Chakrapani is the Chief Business Officer of Pramerica Life Insurance.