The DHFL Pramerica Life Insurance Company offers various DHFL Pramerica Child Plans. Secure your child’s future by investing today and enjoy the benefits at maturity. Before Buying, Get the complete overview of the Child plans. So check the details of the DHFL Life Insurance Child plans to Provide Uninterrupted Education and Protection.
DHFL Pramerica Child Plans
The DHFL Life Insurance provides Child Plans for your child to fulfil their dreams. A Child in your arms can bring out thousands of smiles on your face. As a Parent, you want to give a better life for your Kids. For those people, DHFL Pramerica Child Plans provides assured benefits that are payable during the term policy. The DHFL Life Insurance Child Plans reduces the risk at the time of your Children’s Education and Marriage. DHFL Child Plans are safe and secure for your Child’s Future.
The Child Life Insurance Plans will provide Financial Support to your children in case of unfortunate/ sudden death of the Policyholder. The DHFL Pramerica Life Insurance Company has provided Four Types of Child Plans. They are Smart Champ and Smart Scholar. On this Page, we have given the brief information regarding the DHFL Pramerica Life Child Insurance Policies.
DHFL Pramerica Child Insurance Policies
The DHFL Pramerica Life Insurance Company Provides Four Types of Child Progress Plans. So the People who want to give a better life to their children can invest their Money in these Policies. Buy before that, You can the Child Insurance Plans details, Features and Benefits etc. Check the all the information regarding Various DHFL Pramerica Child Plans.
- DHFL Pramerica Future Idols Gold+.
- Rakshak Gold.
- DHFL Pramerica Rakshak+.
- DHFL Pramerica Smart Free Protect.
1. DHFL Pramerica Future Idols Gold+
DHFL Pramerica Future Idols Gold+ is a participating endowment plan that takes care of your child’s future even in your absence. The product has been designed to protect your child’s education needs right from school to higher studies. The Unique Identification Number for this Future Idols Gold+ Policy is UIN No. 140N036V02.
Key Features:
- Comprehensive Protection: This Policy Provides Protection when immediate and future financial needs of the family in case of unfortunate events.
- Enhanced Death Benefit: Final Benefit payable in case of unfortunate demise of the Life Insured.
- Wealth Accumulation through Bonus Additions
- Convenient Premium Payment Options: Either regular or limited premium payment terms.
DHFL Pramerica Future Idols Gold+ Benefits:
Death Benefit:
On the Demise of the unfortunate death of Life Assured during the policy term, the Lump Sum amount & higher of Basic Sum Assured or 105% of the Total Premiums Paid to the Nominee benefits are payable as a Death Benefit.
Maturity Benefit:
The policyholder will receive a Maturity Benefit equal to 125% of the Base Sum Assured On survival of the Life Assured to the end of the policy term.
Bonuses:
This policy has a Compounded Reversionary Bonus declared annually. In addition to this, Final Bonus may also be payable. Finally, The Bonuses are not guaranteed and depend on the performance of the relevant participating fund.
Eligibility Criteria for DHFL Pramerica Child Plans
| Entry Age | Minimum: 18 yearsMaximum: 50 years |
| Maximum Maturity Age | 65 years. |
| Basic Sum Assured | Minimum: Rs.1,00,000.Maximum: Rs. 5 Cr. |
| Policy Term | 15 Years, 20 Years and 25 Years |
| Premium Paying Term | 8/12/15 Years |
| Modes of Premium Payment | Yearly, Half-Yearly and Monthly |
| Minimum Premium | Rs 10,800/- |
| Maximum Premium | Depends on the chosen base sum assured, age at entry, policy term and premium payment term. |
For more information check the Future Idols Gold+ Policy Brochure
2. DHFL Pramerica Rakshak Gold Plan
DHFL Pramerica Rakshak Gold is a non-participating guaranteed endowment insurance plan that has been designed to ensure that your family’s financial future remains secure. In addition to that, This DHFL Pramerica Child Plans can also help to Buyers to fulfil their Children Dreams and to protect their Family in their absence.
Features of Rakshak Gold Plan:
- Guaranteed Maturity Benefit: It provides maturity benefit to taking care of your financial goals.
- Increasing Annual Guaranteed Additions: After every 3 policy years, Buyer will get the Anual additions.
- Limited Premium Payment: 7 or 10 years.
- Tax Benefits.
Benefits of DHFL Pramerica Child Rakshak Plan:
Maturity Benefit:
On the completion of DHFL Life Insurance Rakshak Gold Policy Term, The Life Assured will get an amount equal to the Base Sum Assured multiplied by the Guaranteed Maturity Multiple (GMM) PLUS Accrued Annual Guaranteed Additions.
Death Benefit:
The company will pay the Death Benefits to the Nominee on the sudden death of Buyer in the following ways.
- 11 times the Annual Premium.
- Base Sum Assured X Guaranteed Maturity Multiple factor.
- 105% of all the Premiums paid as on date of death.
Tax Benefits: Tax benefits will be applicable as per prevailing tax law.
Loan Facility: The Policy Holder Can get Benefit of Loan against the Policy when it acquires 75% surrender value raises. The rate of interest will be declared by the company.
DHFL Pramerica Rakshak Gold Child Plan Eligibility Criteria
| Entry Age | Minimum: 18 years
Maximum: 53 years |
| Maximum Maturity Age | 65 years. |
| Basic Sum Assured | Minimum: Rs.1,00,000.
Maximum: Rs. 5 Cr. |
| Policy Term | 12 Years and 18 Years |
| Premium Paying Term | 7/10/15 Years |
| Modes of Premium Payment | Yearly, Half-Yearly and Monthly |
| Minimum Annual Premium | Rs 12,000/-(yearly) |
| Maximum Annual Premium | Depends on the chosen base Sum Assured, age at entry, policy term and premium payment term |
3. DHFL Pramerica Rakshak+ Child Plan
DHFL Pramerica Rakshak+ plan is a non-participating endowment insurance plan that shelters your child’s future. It has been designed to ensure that your child’s financial future remains secure. This is Protection cum saving plan which helps for your child future. So the people who wish to buy this Rakshak+ Child Insurance Plan can check the Details, Features, and Benefits given below.
Key Features of DHFL Pramerica Rakshak+ Plan:
- Guaranteed Death Benefit will be Payable to the Nominee On unfortunate Demise of the Life Assured.
- It Provides Guaranteed Annual Additions after every 3 Years of the Policy.
- Offers Limited Premium Payment Options from 7, 10 and 15 Years.
- Tax Benefits.
DHFL Pramerica Rakshak+ Child Plan Benefits
Death Benefit:
The Company will pay the benefits to the Nominee in case of unfortunate death of the Buyer during the Policy Term.
- Sum assured on death.
- Accrued Reversionary Bonuses plus Terminal Bonus, if any, immediately on death.
The death benefit will be at least 105% of all premiums paid till the date of mortality excluding any extra and rider premiums and taxes.
Maturity Benefit:
On the completion of DHFL Life Insurance Rakshak Plus Policy Term, The Life Assured will get an amount equal to the Base Sum Assured multiplied by the Guaranteed Maturity Multiple (GMM) PLUS Accrued Annual Guaranteed Additions.
DHFL Pramerica Rakshak Plus Child Plan Eligibility Criteria
| Entry Age | Minimum: 18 years
Maximum: 55 years |
| Maximum Maturity Age | 65 years. |
| Basic Sum Assured | Minimum: Rs.1,00,000.
Maximum: Rs. 5 Cr. |
| Policy Term | 10 Years, 15 Years, and 20years |
| Premium Paying Term | 7/10 Years |
| Modes of Premium Payment | Yearly, Half-Yearly and Monthly |
| Minimum Annual Premium | Rs 16,227 (Yearly) Rs 8,438 (Semi-Annual)Rs 1,460 (Monthly) |
| Maximum Annual Premium | Depends on the chosen base Sum Assured, age at entry and policy term |
Check the DHFL Pramerica Rakshak Plus Child Plan Brochure
4. DHFL Pramerica Smart Free Protect
DHFL Pramerica Smart Fee Protect is a Non-Participating Endowment Insurance Plan that has been designed to secure uninterrupted education for your child.
Key Features:
- Flexibility.
- Tax Benefits.
- Benefits through additional Riders.
- Policy Holder will get Annual additions.
Benefits by buying DHFL Pramerica Smart Free Protect Plan:
Maturity Benefit:
On the completion of DHFL Life Insurance Smart Free Protect Policy Term, The Life Assured will get an amount equal to the Base Sum Assured multiplied by the Guaranteed Maturity Multiple (GMM) PLUS Accrued Annual Guaranteed Additions.
Death Benefit:
Death Sum Assured is Highest of
- 10 times of Annual Premium.
- 105% of all the Premiums paid as on date of death.
- Guaranteed Sum Assured on Maturity which is equal to Base Sum Assured.
Riders:
Policy Holder can enhance Protection and will get additional Benefits through the Following Riders.
- DHFL Pramerica Traditional Accidental Death Benefit Rider (UIN: 140B001V02)
- DHFL Pramerica Traditional Critical Illness Rider (UIN: 140B002V02)
Eligibility Criteria of DHFL Pramerica Smart Free Protect Plan
| Entry Age | Minimum: 18 years
Maximum: 50 years |
| Maximum Maturity Age | 65 years. |
| Basic Sum Assured | Minimum: Rs.1,68,000.
Maximum: No Limit. |
| Policy Term | 10 Years, and 15 Years |
| Premium Paying Term | 7/8/10 Years |
| Monthly Income | Minimum: Rs 2,000
Maximum: No Limit |
| Modes of Premium Payment | Yearly, Half-Yearly and Monthly |
| Annual Premium | Minimum:26,638 (Yearly) |
For More Details, Check the Policy Details here
DHFL Pramerica Child Plans Premium Calculator
The Buyer can easily calculate the Premium amount, Death Benefit, Maturity Benefit, Survival Benefit, Rider and other factors of DHFL Life Child Plans with the help of Premium Calculator. For that, you should require the following.
- Email Id.
- Mobile Number.
- Date Of Birth.
- Policy Term.
- Residence.
- Monthly Income.
DHFL Pramerica Life Insurance Child Plans Buying Procedure
Interested People can buy this DHFL Pramerica Child Plans in the following ways.
- Through Online.
- Visit the Nearest DHFL Pramerica Life Insurance Company.
The additional Documents to buy this child plans are
- Application form/ Proposal form along with the photo.
- Address proof.
- Date of Birth certificate.
- Medical reports (if required).
DHFL Pramerica Life Insurance Claim Procedure
If you want to claim the DHFL Pramerica Child Plans, you need to claim in the following ways.
- Directly Intimate to the Company through Online or go to the Nearest Branch of DHFL.
- Document Submission.
The Required Documents are
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
Additional Information of DHFL Child Insurance Plans
Grace Period:
If the Policyholder doesn’t pay the premium within the time, then the company will help the Life Insured by extending the time to pay the premium is a grace period. DHFL Pramerica Child Plan has a grace period of 30 days. Assured candidate can pay the premium within these 30 Days.
Revival Period:
If the Buyer doesn’t pay the premium within the grace period, then the Policy will be a lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. This Term plan will be revived before the expiry period of Policy term.
Surrender Value:
If the insured candidate wants to return the policy within the Minimum Policy Term, surrender value will the paid to the policyholder. Policy can be surrendered after payment of premium for at least two consecutive years in full.
Free Look Period:
DHFL Pramerica Child Plans provides a free look period. If the customer is not Satisfied with the Terms and Conditions of the Policy, they can Return the Policy before Completion of Free-look Period (15days from the date of receipt of the policy).
Policy Lapse: If the Policy Holder have not paid the DHFL Life Insurance Child Plans premiums for at least two consecutive years in full, and also within the grace period, then your plan will close/ lapse. In this case, there are no benefits will be payable under this lapsed policy.