DHFL Pramerica Life Insurance: Review Plans & Policies

DHFL Pramerica Life Insurance

DHFL Pramerica Life Insurance Company Limited is a growing life insurance company in India that offers an extensive range of life insurance policies for both individuals as well as groups. The company is a joint venture of DHFL Investments Limited (DIL) and Prudential International Insurance Holdings, Ltd and has it’s headquarter in Gurgaon, India.

On one hand, DHFL is a wholly-owned subsidiary of Dewan Housing Finance Corporation Ltd (DHFL); while 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 has something for everyone.

Below mentioned 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, still by opting for a good life protection plan you can ensure financial stability of your family.

Keeping this thought in mind, DHFL Pramerica has launched various protection plans:

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 mode. N/A
Monthly income Rs.4000  No Limit
Death benefit (Lump sum) 20 times of the monthly income.

DHFL Pramerica Family Income Plan:

This is a monthly payout plan that takes care of your family’s day to day expenditures in your absence. 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 minimum guarantee 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.

DHFL Pramerica TruShield:

In this plan, the insured gets life cover with premium return on the maturity. 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
For policy term 10 years: 55 years
For policy term 15 years: 50 years
For policy term 20 years: 45 years
Maturity Age N/A 65 years
Term of the policy 10 years, 15 years, and 20 years
Premium payment mode 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 Sum Minimum: Rs.5,00,000 Maximum: Rs.50 Crores, subject to underwriting as per the approval of the Board.

DHFL Pramerica U Protect:

It is a term insurance plan that is especially 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 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

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 insurance plans. These are:

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 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
For policy term 15 years: 50 years
For policy term 20 years: 45 years
For policy term 25 years: 40 years
Premium Rs.10,800 Depends on the chosen base sum assured, entry age, term of the policy and premium payment term.
Base sum assured Rs.1, 50,000/- Rs.5 Cr subject to underwriting.
Policy maturity age 65 years
Policy term 15 years, 20 years, and 25 years
Premium paying mode Monthly, half-yearly, and yearly
Premium paying term Policy Term Premium Payment Term
15 years 8 years / 10 years
20 years 12 years / 20 years
25 years 15 years / 25 years

DHFL Pramerica Life Future Secure Plan:

It is a non-participating and non-linked guaranteed endowment child care policy. This plan offers regular income benefit option to ensure that the family of the insured gets steady source of income. While the death benefit feature of this plan gives financial security to the family.

                Parameter Minimum Maximum
Entry age 90 days (subject to 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 policy
Assured 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

DHFL Pramerica Rakshak Gold:

This plan is designed to secure your child’s future by providing money to cater 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 term of 12 years 53 for term of 12 years
18 for term of 18 years 47 for term of 18 years
50 for term of 15 Years
Premium Rs.12,170 (Yearly) Depends upon the chose base sum assured, policy term, 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

DHFL Pramerica Rakshak+:

It is a non-participating endowment insurance policy which 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 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
Policy Term Premium Payment
10 years 7 years
15 years 10 years
20 years 15    years

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

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 the situations of financial crisis. Therefore, in order to build a systematic secure foundation of savings, we offer variety of savings plans. These plans not only help you to secure your today but ensure a better tomorrow:

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 premium paying term of 15 years
45 years for 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

DHFL Pramerica Flexi Cash:

It is a participating non-linked endowment plan that provides the insured a flexibility to control the policy. With this plan, an insured can manage his/her financial requirements according to the needs. Within the flexi benefit 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 benefit 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 For the policy term of 15 years: 5 years

For the policy term of 25 years: 10 years

For the policy term of 35 years: 15 years

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

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 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:

Age (Last Birthday) Policy Term
Minimum Maximum
0 – 40 years 5 years 30 years
41 – 65 years 5 years 25 years
For Single Pay:

Minimum: 5 years

Maximum: 10 years

DHFL Pramerica Magnum Assure:

It is a non-participating endowment policy that offers monthly payouts for the duration of 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 the policy term of 10 years

180 Months for the policy term of 15 years

Mode of premium payment Monthly and  yearly

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About Geet Sharma

My Name is Geet Sharma Financial Blogger & Founder of Paisabank.org. We are a personal finance blog dedicated to finance & financial planners. The main aim of this blog is to help people to informed about financial decisions.
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