DHFL Pramerica Life Insurance Company designed to help the Customers in Protecting their Family, Children, and our Retirement Life. DHFL Pramerica Life Insurance Company Limited is one of the fastest growing life insurance companies in India. Headquarters is in Gurgaon. It provides a broad range of life insurance Plans for Customers. Therefore, in the same way, DHFL Pramerica Protection Plans are available. So, the Policyholders can check the Features, benefits and other details to buy a Policy. Therefore, for more information check the complete article.
DHFL Pramerica Protection Plans
Dewan Housing Finance Limited has various types of Plans. Among all of them, we have provided detailed information about the Protection Plans. The Protection Plans help and supports our family and their future. In the case of our demise, our protection plan will secure the lives of our loved ones. During the financial gaps in lives, DFHL Pramerica Protection Plans helps to protect our family. There are Income plans also. They help us to take care of our family’s financial requirements in our absence in the form of monthly payments.
There are some plans designed to catch the financial needs off if we are no longer around to take care of them. These plans are designed for the customers so that they can ensure family that they are secured and can lead a comfortable life. Once, check the complete information of the Plans. So, Check the details and choose the perfect one.
List of DHFL Pramerica Protection Plans
The Customers have to be very clear while buying a Plan or Policy. Therefore, we have provided the Plans and their details clearly. So, check them here. There are four protection Ten available in DHFL Pramerica Life Insurance Company. They are:
- DFHL Pramerica Family First Plan.
- Family Protect.
- TruShield Plan.
- U- Protect Plan.
So, read the features, key benefits and Eligibility for each and every plan now.
1. DHFL Pramerica Family First Plan
DHFL Pramerica Family First protection policy supports our family and every step of our future. To provide a better financial Support to our family, one should hold this policy. It helps our family on behalf of us when we are not around to look after. In a single word, to Provide Financial Assistance to our family, we must prefer this plan. Therefore, the customers who want to know the details can check the info below.
Why do we prefer this Plan?
- The monthly benefit term insurance plan spares the Insured family with financial gaps.
- It undertakes not only small Expenses but also major expenditures as well.
- Attractive premium rates for both male & female lives.
Key features of DHFL Pramerica Family Firat Plan:
- Financial Protection at a nominal cost.
- Assured Monthly Income Benefit till the end of the policy term and take care of recurring expenses in our absence.
- Lump Sum Benefit equal to 20 times the monthly benefit income chosen for Sudden demise.
- Guaranteed income for a minimum of 48 months over and above. The lump sum payout even if a claim occurs in the last four years of the Policy Period.
- Additional risk coverage by the choice of riders like Critical Illness Rider and Accidental Death Benefit Rider.
- Tax Benefits as per prevailing tax laws.
Eligibility Criteria:
| Details | Minimum | Maximum |
| Entry Age | 18 years | 50 years |
| Policy Term | 10 years | 30 years |
| Benefit Expiry Age | 65 years | |
| Monthly Benefit | Rs. 4000/- | No Limit |
| Premium |
|
No Limit |
| Premium Payment opions | Regular Pay | |
| Premium Payment Modes | Yearly, Half-yearly, Quarterly, Monthly | |
Benefits
Death Benefit:
DHFL Family First Plan comes with benefits that never came in a single plan before
- Lump-sum Benefit.
- Monthly Income Benefit.
- Guaranteed Monthly income for 48 months.
- Riders.
- Tax Benefits.
Therefore, for any further details check the official Brochure.
2. DHFL Pramerica Family Income Plan
DHFL Pramerica Family Income plan is a non-participating decreasing term plan that helps in taking care of our family’s financial requirements in our absence in the form of monthly payouts. To provide a better Life for our beloved ones, we should buy this policy. It secures our family on behalf of us when a sudden demise occurs. So to provide Financial Assistance, we must prefer this plan. Therefore, the customers who want to know the details can check the info below.
Key Features of DHFL Pramerica Family Income:
- An economical way to protect your family against financial liabilities in case of uncertainty.
- Regular Monthly Income.
- Additional protection with riders.
- Attractive premium rates for male & female lives.
Eligibility Criteria:
| Details | Minimum | Maximum |
| Entry Age | 18 years | 55 years |
| Policy Term | 5 years | 30 years |
| Benefit Expiry Age | 65 years | |
| Monthly Benefit | Rs. 2000/- | No Limit |
| Premium |
|
No Limit |
| Premium Payment opions | Regular Pay | |
| Premium Payment Modes | Yearly, Half-yearly, Quarterly, Monthly | |
Benefits:
It is a non-participating plan is a decreasing term plan; no benefits are payable on survival to the end of the term of the policy. Therefore, check the advantages of this particular policy here.
- In the case of the unfortunate demise during the term of the policy, the nominee would receive the monthly income benefit from the death date until the end of the policy tenure, subject to a minimum guaranteed 36 monthly instalments.
- If you have chosen the lump sum benefit, you will get the discounted value of all future monthly income payable, cut at the rate of return decided by the company from time to time.
- The nominee would receive benefits arising out of DHFL Pramerica Traditional Accidental Death Benefit Rider during the term of the rider, in case you have opted for it.
- The insured person or the nominee would receive benefits arising out of DHFL Pramerica Traditional Critical Illness Rider during the term of the rider in case opted for.
Hence, for any further details check the official Brochure.
3. DHFL Pramerica TruShield Plan
DHFL Pramerica TruShield is a plan designed especially to take care of your family’s financial needs in case you are no longer around to take care of them. It is a plan that provides pure life insurance cover along with the return of premium on maturity for the benefit of your loved ones.
Why we choose this Plan?
- Secures our family financial Status even in our absence.
- Return of Premium in no claim situation.
Key Features of DHFL Pramerica TruShield:
- Comprehensive Protection.
- Death Benefit Options.
- Maturity Benefit.
- Premium Payment Options.
- Tax Benefit.
Eligibility Criteria:
| Details | Minimum | Maximum |
| Entry Age | 18 years |
Policy Term:
|
| Maturity Age | 65 years | |
| Policy Term | 10, 15, 20 Years | |
| Benefit Expiry Age | 65 years | |
| Base Sum Assured | Min: Rs.5,00,000 Max: Rs.50 Crores |
|
| Premium Pay Term |
Policy Term:
|
|
Benefits:
Maturity Benefit
- The Company will pay an amount equal to Maturity Sum Assured on the survival of Life Insured until the Maturity Date.
Death Benefit
While the Policy is in force, if the Policyholder dies, the Company will pay Death Sum Assured as a lump sum to the Nominee. Once, check the option given below.
- Level Cover – Sum Assured on Death remains constant throughout the Policy Term
- Reducing Cover – Death Sum Assured reduces over Policy Term, assuming a loan with interest rate of 15% per annum being repaid annually in arrears over the Policy Term.
Therefore, for any further details check the brochure given here.
4. DHFL Pramerica U-Protect Plan
DHFL Pramerica U-Protect is a term insurance plan. It is specially designed for us so that we can ensure that our family is safe and secure even after our demise. They can lead a comfortable life if they are financially Stable. So, all the Customers who want to take the plan can read the features & benefits.
Why do we take this plan?
- The plan ensures family security and a comfortable life.
- The plan provides life insurance cover at a very nominal cost.
Key Features:
- Comprehensive insurance protection plans at the nominal cost.
- Attractive premium rates for male and female lives.
- Lower premiums for maintaining a healthy non-smoking lifestyle.
- Enhanced cover with optional Accidental Death Benefit Rider and Critical Illness
Rider. - Tax benefits as applicable.
Eligibility Criteria:
| Criteria | Eligibility |
|---|---|
| Age at entry |
|
| Max age at Policy Expiry | 65 years Age at Last Birthday |
| Policy Term | 10 Years to 30 Years |
| Premium Paying Term | Regular |
| Premium Paying Mode | Yearly, Half Yearly |
| Sum Assured |
|
| Minimum Annual Premium | Rs 4,000 |
Benefits:
- In an unfortunate event of the death of the Life Insured within the Policy Term, the policy will pay the Sum Assured chosen at inception. The policy will terminate after paying the death benefit.
- There are no maturity benefits under this plan.
- One can augment the level of protection by opting for DHFL Pramerica Traditional Accidental Death Benefit Rider or/and DHFL Pramerica Traditional Critical Illness Rider with the base plan.
Therefore for more details, check the information in the brochure.
How to Buy DHFL Pramerica Protection Plans?
The interested person can visit the nearest DHFL Pramerica Life Insurance to buy the Proposal form. The concerned individuals can also purchase the Policy through online. You can also get the DHFL Pramerica Protection plans through the DHFL Agent.
Documents required for buying DHFL Life Insurance policy are
- Application form/ Proposal form
- Passport Size Photo
- Medical reports ( if necessary).
- Age Proof.
- Address Proof.
DHFL Pramerica Protection Plans Premium Calculator
Calculate the premium and Maturity Benefit for the any plan online. Personal Details are required to check the Premium. Therefore, we have provided the list of required details. The Required Details include the following information.
- Date Of Birth.
- Age.
- Policy Term.
- Premium Paying Term.
- Sum Assured.
Therefore, the interested customers can check their Premium Amount online using the given details.
How to Claim for DHFL Pramerica Protection Plans
If the insured expires due to a Sudden Accident, the Nominee can apply for Claim of the Term Plan. If the Policy Maturity Period completed, then the Policyholders can Claim i. The beneficiary can claim for the amount after the death of the policyholder or after the successful completion of the premium. Therefore, check the information given below. Once, the Maturity period arrives we can claim them as follows.
The documents required to request for the DHFL Pramerica Protection Plans 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.
Other Details of DHFL Pramerica Protection Plans
Grace Period:
If the Policyholder doesn’t pay the premium within the time, the company will extend the time to pay the premium is a grace period. DHFL Pramerica Protection Plans has a grace period of 30 days. Assured candidate can pay the premium within this Grace Period.
Revival Period:
If the Policyholder doesn’t pay the premium within the grace period, then the Policy will be a lapse. Within the two consecutive years from the date of first unpaid premium, the lapsed Term Plan revives. Before the expiry period of Policy Term, the Term plan restores.
Surrender Value:
No surrender benefits are payable at any point in time during the Policy Term.
- Loan: No loans are available against this Policy.
- Tax Benefits: Tax benefits will be applicable as per the prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details.
Free Look Period:
The Policyholder can request for cancellation, within a period of 15 days from the date of receipt of the Policy document, if they do not agree with the Policy terms and conditions.
Policy Lapse: In the case of non-payment of due premium, a grace period of not more than 30 days, where the mode of payment of premium is other than monthly and not more than 15 days in case of monthly mode, would be allowed to the Policyholder.
Riders: For each DHFL Pramerica Protection Plans, there are specific riders available. For more details check the brochure of that specific Term Plan.
- Traditional Accidental Death Benefit Rider.
- Traditional Critical Illness Rider.
Therefore, for any further details check the official website of DHFL Pramerica Life Insurance Company www.dfhlpramerica.com.