DHFL Pramerica Life Insurance Company Limited is a growing life insurance company in India that offers an extensive range of life insurance policies for individuals and groups. The DHFL Pramerica Life Insurance company is a joint venture of DHFL Investments Limited (DIL) and Prudential International Insurance Holdings, Ltd and has its headquarters in Gurgaon, itsaheadquartersnd, DHFL is a wholly-owned subsidiary of Dewan Housing Finance Corporation Ltd (DHFL); on the other hand, Prudential International Insurance Holdings (PIIH) is a completely owned subsidiary of Prudential Financial, Incorporation (PFI). PFI is a financial services leader having its headquarters in the U.S.
So, whether you are thinking about some retirement policy or a policy for your child’s future DHFL Pramerica Life Insurance has something for everyone.
Below are some of the top Life Insurance policies that DHFL Pramerica offers:
DHFL Pramerica Protection Plans
Even though nothing can fill your absence in the lives of your loved ones, by opting for a good life protection plan you can ensure your family’s financial stability.
Keeping this thought in mind, DHFL Pramerica has launched various protection plans:
1. DHFL Pramerica Family First Plan
This is the monthly benefit term insurance plan of DHFL Pramerica. This plan is designed to make sure that your family does not have to deal with financial instabilities in your absence. The benefits offered in this plan are:
- Benefit of lump sum amount
- Benefit in the form of monthly income
- Guaranteed regular income for 48 months
- Additional risk coverage
| Parameter | Minimum | Maximum |
| Entry age | 18 years | 50 years |
| Term of the policy | 10 years | 30 years |
| Maturity age | N/A | 65 years |
| Premium | Rs.2000 for annual, quarterly, and semi-annual modes and Rs.2400 for monthly modes. | N/A |
| Monthly income | Rs.4modes | No Limit |
| Death benefit (Lump sum) | 20 times the monthly income. | |
2. DHFL Pramerica Family Income Plan
This is a monthly payout plan that takes care of your family’s day-to-day expenditures in day-to-day. The monthly income is paid to your family from the date of your death till the end of the plan’s term, which is subject to the minimum guarantee of 36 monthly installments.
| Parameter | Minimum | Maximum |
| Entry age | 18 years | 55 years |
| Policy term | 5 years | 30 years |
| Maturity age | N/A | 65 years |
| Family income | Rs.2000 | N/A |
| Premium | Rs.1000 per annum (for annual, semi-annual, and quarterly modes). Rs.1200 per annum for Monthly mode. | N/A |
| Options for premium payment | Regular pay | |
| Modes of payments | Monthly, quarterly, half-yearly, and annual. | |
3. DHFL Pramerica TruShield
In this plan, the insured gets life cover with premium return on the maturita y. Key features of this plan are:
- It provides comprehensive protection.
- Option to take death benefits.
- Get maturity benefits.
- Options to pay premiums.
- Tax benefits.
| Parameter | Minimum | Maximum | |||
| Entry age | 18 years |
|
Maturity AgeN/A65 years term of the policy10 years, 15 years, and 20 years premium payment more single, monthly, or annual term of the premium payment
| Term of the policy | Premium payment term |
| 10 years | 5 years or single pay |
| 15 years | 7 years or single pay |
| 20 years | 10 years or single pay |
Minimum annual premium
| For Level Benefit | For Reducing Benefit | |
| Limited Pay | Rs.6,395 | Rs.5,950 |
| Single Pay | Rs.29,125 | Rs.26,280 |
Assured Base SumMinimum: Rs.5,00,000Maximum: Rs.50 Crores, subject to underwriting as per the approval of the Board.
4. DHFL Pramerica U Protect
It is a term insurance plan that is specially designed for those who want their families to live without having any financial issues even when they are not around.
| Parameter | Minimum | Maximum |
| Entry age | 18 years | 55 years |
| Age when the policy expires | 65 years | |
| Term of the policy | 10 years to 30 years | |
| Term of premium payment | Regular | |
| Mode of premium payment | Half-yearly and yearly | |
| Sum assured | Minimum: Rs.25,00, 000 | No limit subject to underwriting |
| Annual premium | Rs.4,000 | N/A |
Also read: SBI Child Education Plan
DHFL Pramerica Child Progress Plans
One cannot predict the future of anybody but they can certainly do financial planning to protect the future of their children. To help you and your children in achieving their dreams, DHFL offers various children’s insurance plans. These are:
1. DHFL Pramerica Future Idols Gold+
This plan protects the education of your children right from the school to his/her higher studies. In this plan, an insured can take a loan against his/her policy. However, the loan is available when the policy acquires 80% of the surrendered value.
| Parameter | Minimum | Maximum | |||
| Entry age | 18 years |
|
Premium Rs. 10,800Depends on the Premium Rs. ase sum assured, entry age, term of the policy, and premium payment term. Bas,e sum assured.1, 50,000/-Rs.5 Cr subject to underwriting. Policy maturity age65 years policy term15 years, 20 years, and 25 years premium paying modeMonthly, half-yearly, and yearly premium paying term policy TermPremium Payment Term15 years8 years / 10 years20 years12 years / 20 years25 years15 years / 25 years
2. DHFL Pramerica Life Future Secure Plan
It is a non-participating and non-linked guaranteed endowment childcare policy. This plan offers a regular income benefit option to ensure that the family of the insured gets a steady source of income. The death benefit feature of this plan gives financial security to the family.
| Parameter | Minimum | Maximum |
| Entry age | 90 days (subject to the minimum age at maturity of the plan should be 18 years) | 55 years |
| Age of maturity | 18 years | 67 years |
| Annual premium | Rs.24,000 | Subject to Board approved underwriting board-approved |
| base sum | Rs.1, 17,601 | No limit, subject to underwriting. |
| Mode of premium payment | Monthly, quarterly, half-yearly, and yearly. | |
| Term of the policy | 12, 14, 16, 18, or 20 years | |
| Terms of premium payments | Premium Payment Term Options (Years) | Policy Term (Years) |
| 7 | 12 and 14 | |
| 8 | 14 and 16 | |
| 10 | 18 and 20 | |
3. DHFL Pramerica Rakshak Gold
This plan is designed to secure your child’s future by providing money to cater to different needs of your children like marriage, higher education, etc. This plan ensures regular monthly payouts in case of the unfortunate demise of the insured.
| Parameter | Minimum | Maximum |
| Entry age | 18 for a term of 12 years | 53 for the term of 12 years |
| 18 for a term of 18 years | 47 for a term of 18 years | |
| 50 for a term of 15 Years | ||
| Premium | Rs.12,170 (Yearly) | Depends upon the chosen base sum assured, policchosenm, entry age, and premium. |
| Rs.6,329 (Semi-Annual) | ||
| Rs.1,096 (Monthly) | ||
| Base sum assured | Rs.75,000/ | Rs.5 Cr subject to underwriting |
| Mode of premium payment | Monthly, half-yearly, and yearly | |
| Term of the policy | 12 years, 15 years, and 18 years | |
| Age of maturity | 65 years | |
| Term of premium payment | Term of the policy | Term of premium payment |
| 12 Years
13 15 years |
7 years | |
| 10 years | ||
| 18 years | 10 years | |
4. DHFL Pramerica Rakshak+
It is a non-participating endowment insurance policy that provides strong shelter to your child’s future. This plan is designed to make sure that your child does not face any financial issues in the future.
| Parameter | Minimum | Maximum | ||||||||
| Entry age | 18 years | 55 years | ||||||||
| Maturity age | 65 years | |||||||||
| Term of the policy | 10 years, 15 years, and 20 years | |||||||||
| Premium | Rs.12,000/ year | Depends upon the chosen base Sum Assured, policy term, entry age, and term of premium payment. | ||||||||
| Base sum assured | Rs.1,00,000/- | Rs.5 Cr subject to underwriting | ||||||||
| Mode of premium payment | Monthly, half-yearly, and yearly | |||||||||
| Term of premium payment |
|
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5. DHFL Pramerica Smart Fee Protection
As the name of this plan says, it ensures uninterrupted education for your child.
| Parameter | Minimum | Maximum |
| Entry age | 18 years | 50 years |
| Maturity age | N/A | 65 years |
| Base sum assured | Rs.1,68,000 | No limit, subject to underwriting |
| Monthly income | Rs.2,000 | No limit, subject to underwriting. |
| Term of the policy | 10 years | 15 years |
| Terms of premium payments | 7 years | 8 years/ 10 years |
| Annual premium | Rs.26,638/ year | No Limit |
| Mode of premium payment | Monthly, half-yearly, and yearly | |
Also read: Kotak Junior Savings Account
DHFL Pramerica Savings Plans
It is always good to stay a step ahead in savings as your saved money is the only thing that can help you and your family in situations of financial crisis. Therefore, to build a systematic secure foundation of savings, we offer a variety of savings plans. These plans not only help you to secure your today but ensure a better tomorrow:
1. DHFL Pramerica Ajeevan Samriddhi
As the name of this plan, it protects the insured and his/her family throughout his/her life. This plan also provides a corpus at the age of 65 years. With this corpus, one can ensure a better after-retirement life as the plan takes care of post-retirement expenses.
| Parameter | Minimum | Maximum |
| Entry age | 8 years | 50 years for a premium paying term of 15 years |
| 45 years for a premium paying term of 20 years | ||
| Premium | Rs.5,500 yearly | Depends upon the chosen basic sum assured, premium payment term, and entry age. |
| Basic Sum Assured | Rs.75,000 | No limit subject to underwriting |
| Term of the policy | 99-entry age in complete years. | |
| Term of premium payment | 15 and 20 years | |
| Maturity age | 99 years | |
2. DHFL Pramerica Flexi Cash
It is a participating non-linked endowment plan that provides the insured the flexibility to control the policy. With this plan, an insured can manage his/her financial requirements according to their needs. Within the Flexi fit period of this plan, an insured can access the savings corpus. Get this plan to get a steady income as financial protection and guaranteed loyalty benefits for your family to be prepared for uncertain situations, get this plan.
| Parameter | Minimum | Maximum |
| Entry age | 8 years | 60 years – For policy term 15 years
50 years – For policy term 25 years 40 years – For policy term 35 years |
| Terms of premium payments |
|
N/A |
| Base sum assured | For the policy term of 15 years – Rs.1,70,000
For the policy term of 25 and 35 years – Rs.2,00,000 |
N/A |
| Annual premium | Rs.17,000/ | N/A |
| Mode of premium payment | Monthly, quarterly, half-yearly, and yearly | |
| Maturity age | 75 years | |
| Term of the policy | 15 years, 25 years, and 35 years | |
3. DHFL Pramerica Life Wealth Maximizer
Nobody knows his/her future as our life is completely uncertain. To ensure financial stability in all the situations of life, it is suggested to manage your wealth carefully. One way to prepare for various financial uncertainties of life is opting for the DHFL Pramerica Life Wealth Maximizer plan. It is a Unit Linked, Non-Participating Life insurance policy that offers a lot of advantages to choose from.
| Parameter | Minimum | Maximum | |||||||||||
| Entry age | 90 days | 65 years | |||||||||||
| Maturity age | 18 years | 75 years | |||||||||||
| Term of the policy | For limited/regular pay:
|
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| For Single Pay:
Minimum: 5 years Maximum: 10 years |
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4. DHFL Pramerica Magnum Assure
It is a non-participating endowment policy that offers monthly payouts for the duration of the payout period. With this plan, you will get more than what you have paid. An insured gets a multiple of the paid premium as Guaranteed Income per month after completion of the term of the policy.
| Parameter | Minimum | Maximum |
| Entry age | 18 years | For policy term of 10 years: 55 years
For policy term of 15 years: 50 years |
| Maturity age | 65 years | |
| Annual premium | Rs.48,000 | No limit |
| Term of the policy | 10 to 15 years | |
| Terms of premium payment | Regular pay | |
| Payout period | 120 Months for a policy term of 10 years
180 Months for the policy term of 15 years |
|
| Mode of premium payment | Monthly and yearly | |
Conclusion
The above-mentioned details about the DHFL Pramerica Life Insurance company indicates that it its one of the popular and leading company in India. It offers various insurance products to the customers and its 24/7 active customer support system makes it easier for the customers to get the solution of their queries instantly. The claim settlement process is very simple. If you talk about claim settlement ratio, its very high.
DHFL Pramerica Life Insurance – FAQs
If my policy is lapsed, can I revive it?
Ans. Yes, you can revive your lapsed policy by paying whole pending amount along with applicable late charges. You might need to provide some additional documents as the company demands.
It is possible to add or remove riders?
Ans. You can add the rider in the policy during purchase or during the tenure but once you have added the riders, you won’t be able to remove it.
Can I cancel the policy if I don’t find it beneficial?
The company offer free look up period of 30 days for offline policies. You can cancel the policy in this period. Free look up period for online mode is 15 days.
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