Are you looking to lead a better and secure life with your dear ones? Here is the solution for your issue. DHFL Pramerica Life Insurance offers various types of saving plans for their customers to lead a joyful life. The DHFL Pramerica Savings Plans offers many features and benefits for the Policyholders to overcome the uncertainties happen in your life. Follow the below article for more information about the DHFL Pramerica Life Insurance Saving Plans.
DHFL Pramerica Savings Plans Review
Best Savings plans are offered by DHFL Pramerica Life Insurance. People can choose one of the DHFL Pramerica Savings Plans to provide a better life for their family at the time of uncertainty. To fulfil the future dreams of yours, you can opt the DHFL Pramerica Saving Plans. In the case of unfortunate demise of the Life Insured, your family is provided with financial support by the Organization. By choosing the DHFL Pramerica Life Insurance Savings Plans, you can save the money for your child requirements such as education, marriage, and protection for you and your family.
The Nominee receives the Lump sum amount for the uncertain events that may happen in future. The Savings Plans includes Protection Plans, Wealth Plans. Most of the Indian families depends on the single person for the survival. If in the case of sudden demise of the bread winner, the entire family will be suffering from financial crisis. Therefore to overcome the debt of your family you may choose the best DHFL Pramerica Saving Plan. The Life Assured family will be protected in the absence of the Policyholder by opting the DHFL Pramerica Life Insurance Savings Plan.
DHFL Pramerica Savings Plan Details
DHFL Pramerica Life Insurance offers different savings plans for the Life Insured. There are 13 types of saving plans offered by the company. The list of DHFL Pramerica Savings Plans list is available here. Therefore go through the below article to get the complete information about each plan.
- DHFL Pramerica Aajeevan Samriddhi.
- DHFL Pramerica Flexi Cash.
- Magnum Assure Plan.
- DHFL Pramerica Premier Gain.
- DHFL Pramerica Roz Sanchay.
- Sahaj Suraksha Plan.
- DHFL Pramerica Smart Assure.
- DHFL Pramerica Smart Cash Protect.
- Smart Income Plan.
- DHFL Pramerica Smart Money Back.
- DHFL Pramerica Smart Wealth+.
- Wealth+ Ace Plan.
- DHFL Pramerica e-Save.
DHFL Pramerica Life Insurance Savings Plans Key Features
- The Guaranteed Additions are provided for the premiums paid.
- The Insured can avail the Loan Facility against the Policy.
- As per the prevailing tax laws, Tax Benefit is provided.
Benefits of DHFL Pramerica Saving Plan
The Common Benefits of DHFL Pramerica Life Insurance Savings Plans are available below. Check the listed Benefits offered by the company to the Policyholder.
- Death Benefit.
- Maturity Benefit.
Death Benefit:
On Sudden Death of Life Insured, the Nominee receives the Death Benefit along with the Guaranteed Additions, Reversionary Bonus and Final Bonus.
Maturity Benefit:
The Life Assured receives the Maturity Benefit on survival till the end of the policy term. It is the sum of the Basic Sum Assured with Final Bonus and Reversionary Bonus. The benefits vary from plan to plan which is available in below section in detail.
The detailed information about each saving plan is available in the below section of the article.
DHFL Pramerica Aajeevan Samriddhi
This Plan is a whole life insurance participating savings plans. DHFL Pramerica Aajeevan Samriddhi (UIN: 140N033V02) is introduced for the protection of your family in case of unfortunate events. The Company also provides corpus from the age of 65 years which meets the post-retirement expenses.
Key Features:
- You can obtain the Insurance Coverage till the Policyholder attains the age of 99 years.
- To meet the retirement expenses, Lump sum payouts are provided for 65 years.
- Option to choose the premium payment term i.e. 15 or 20 years.
- Through Bonus Additions, Wealth Accumulation is possible.
- Can avail Loan against the Policy.
DHFL Pramerica Aajeevan Samriddhi Benefits:
- Survival Benefit: The Policyholder receives the Survival Benefit with Guaranteed Additions and Reversionary Bonus once attains the age of 65 years.
- Tax Benefits: The Insured can avail the Tax Benefits as per the prevailing tax laws.
- Death Benefit.
- Maturity Benefit.
Eligibility Criteria:
| Eligibility Conditions | Limit |
|---|---|
| Min Entry Age | 8 years. |
| Maximum Entry Age | PPT 15 years: 50 years.
PPT 20 years: 45 years. |
| Maturity Age | 99 years. |
| Policy Term | (99 – Entry Age) in complete years. |
| Premium paying Term(PPT) | 15 & 20 years. |
| Sum Assured | Minimum: Rs 75,000/-. Maximum: No Limit. |
| Premium Payment Mode | Monthly, Half yearly, Yearly. |
| Minimum Premium Amount | Rs 5,500/- yearly. |
| Maximum Premium | Depends on the basic sum assured, premium payment term and age at entry. |
For more details, check the DHFL Pramerica Aajeevan Samriddhi broucher.
DHFL Pramerica Flexi Cash Plan
DHFL Pramerica Savings Plans is a non-linked participating endowment plan with flexibility to control the policy. The Unique Identification Number is UIN: 140N040V02. If all the premiums are paid up to date, Cash Benefit is provided from the 2nd policy year. Loan Facility is available for the Policyholder. For Key Features, Benefits & Eligibility Conditions refer the below article.
DHFL Pramerica Flexi Cash Plan Key Features:
- The Premiums can be paid for a period of 5, 10 or 15 years.
- The Guaranteed Loyalty Addition of 10% is provided every year after 2nd policy year.
- During the Flexi Benefit Period, the Life Assured can prepone the Maturity Date any time.
- High Sum Assured Rebate is provided on premium.
- You can accumulate your wealth through additional bonuses.
- Tax Benefits are provided as per Tax Laws.
- The Life Assured can avail the Loan Facility against the policy.
Benefits of DHFL Pramerica Saving Plans – Flexi Cash Plan:
- Death Benefit: The Nominee will receive the Sum Assured along with the reversionary bonus and Final Bonus.
- Guaranteed Loyalty Benefit: The Insured will receive the Guaranteed Loyalty Benefit is provided every year after 2 years of the start of the policy.
Eligibility Criteria:
| Eligibility Conditions | Eligibility | |||
|---|---|---|---|---|
| Minimum Age at entry | 8 years. | |||
| Max Entry Age | Policy Term 15 years: 60 years.
For Policy Term 25 years: 50 years. Policy Term for 35 years: 40 years. |
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| Maximum Maturity Age | 75 years. | |||
| Policy Term | 15 years/25 years/35 years. | |||
| Premium Payment Term | For PT 15 years – 5 years.
Policy Term 25 years – 10 years. For Policy Term of 35 years – 15 years. |
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| Minimum Sum Assured | Policy Term of 15 years: Rs 1,70,000/-.
For PT of 25 & 35 years: Rs 2,00,000/-. |
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| Premium Payment Mode | Yearly, Half Yearly, Monthly. | |||
| Annual Premium | Min: Rs 17,000/-. | |||
Download DHFL Pramerica Flexi Cash Plan broucher for more details.
DHFL Pramerica Savings Plans – Magnum Assure Plan
This Plan is an Endowment Non-Participating Insurance Plan which provides double benefits to the Policyholder, i.e. meets the financial needs and for the guaranteed secure future of your family. The UIN is 140N047V01. In the case of unfortunate death of the Life Assured or if survives till the end of the policy, equal monthly payouts are provided for a duration of payout period. Check below section for details regarding the Eligibility, Key Features and Benefits.
Features of DHFL Pramerica Magnum Assure Plan:
- The Long Term and Short Term Goals are achieved by choosing the Policy Terms of 10 or 15 years.
- After completion of the Policy Term, the Guaranteed Monthly Income is provided for the paid multiples of premium.
- Loan Facility is available.
- As per the Tax Laws, Tax Benefits are provided.
Key Benefits of DHFL Pramerica Savings Plans:
The Sum Assured along with additional bonus are provided as Death and Maturity Benefit. The Life Insured has two options to choose the amount as a death benefit. One as lump sum amount and other is paying the sum assured in regular intervals at the end of each last four years of the policy.
Death Benefit:
On Sudden death of the Policyholder, the Nominee receives the Death Sum Assured in monthly payouts.
Maturity Benefit:
If the Life Insured survives till the end of the Policy Term, monthly payout is provided during the payout period.
DHFL Pramerica Magnum Assure Eligibility Conditions
| Criteria | Eligibility |
|---|---|
| Entry Age | Minimum: 18 years.
Maximum: For Policy Term of 10 years: 55 years. For PT of 15 years: 50 years. |
| Maximum Maturity Age | 65 years. |
| Policy Term | 10 or 15 years |
| Premium Paying Term | Regular Pay. |
| Payout Period | For 10 years Policy Term: 120 months.
For Policy Term of 15 years: 180 months. |
| Mode of the Premium Payment | Monthly & Yearly. |
| Annual Premium | Minimum: Rs 48,000/-.
Maximum: No Limit. |
Click here for DHFL Pramerica Magnum Assure Plan broucher.
DHFL Pramerica Premier Gain Plan provides insurance cover with attractive returns and the premiums are for a limited duration. During the policy term, Bonus Additions are offered with Flexibility of loan against the policy. The Unique Identification Number is 140N043V02. Download Premier Gain Plan broucher for more details.
Roz Sanchay Plan (UIN: 140N038V02) is a savings cum protection endowment insurance plan. The Policyholder can pay the premium for a limited term. The Guaranteed Maturity Benefit is provided with Increase Protection. On the death of the policyholder, Nominee will receive the benefits as mentioned by the Company. For more details check DHFL Pramerica Roz Sanchay Plan broucher.
DHFL Pramerica Sahaj Suraksha is a participating long term savings cum protection plan. The Unique Identification Number is UIN: 140N032V03. To meet the expenses at the critical stage of 75 years, DHFL Pramerica provides an additional boost to your savings by providing the corpus. For more information refer the DHFL Pramerica Sahaj Suraksha broucher.
Smart Assure Plan is a Non-Participating Endowment Plan with UIN: 140N042V02. To meet the important milestones and plan the finances this plan is helpful. The Death and Maturity Benefits are Guaranteed with Flexibility to choose the premium payment term and avail the Loan Facility. Check DHFL Pramerica Smart Assure Plan broucher.
DHFL Pramerica Smart Cash Protect is an Endowment Participating cum Insurance Plan to meet your long term and regular expenses. In addition to lump sum payouts the regular income in the form of annual cash, benefits are provided. The Unique Identification Number is UIN: 140N037V02. For More Details check DHFL Pramerica Smart Cash Protect Plan broucher.
Smart Income Plan (UIN: 140N044V02) is a Savings cum Protection Endowment Insurance Plan provides the Guaranteed Annual Income which meets the financial needs. Annual Payouts are paid for a duration equal to the Premium Payment Term. The Death and Maturity Benefits are provided in this plan. For more information check DHFL Pramerica Smart Income Plan broucher.
DHFL Pramerica Smart Money Back Plan is an Endowment Participating Plan which Boosts your savings by providing Bonus to your Policy. To meet the financial needs periodic payouts are provided during policy tenure at defined intervals. The Unique Identification Number is 140N045V02. Check broucher of DHFL Pramerica Smart Money Back Plan for more details.
Smart Wealth+ Plan (UIN: 140L041V01) is a Unit Linked Non-Participating Insurance Plan. The Policy provides additional protection through Accidental Death Benefit Rider. The Policyholder has the option to choose the limited or regular premium payment tenure. At the time of Maturity, the option of Fund Conservation is provided to safeguard from market fluctuations. Loyalty Additions are provided for Wealth Creation of your Planned milestones. For more details refer DHFL Pramerica Smart Wealth+ Plan broucher.
DHFL Pramerica Wealth+ Ace is a Unit Linked Single Premium Insurance Plan which assists you in achieving the Goals. The Policyholder can avail the benefits across the policy term by investing one time. Enhanced Protection is provided by Riders available in this plan. Through Systematic Transfer Plan, the Policyholder can invest specific amounts at regular intervals. At the end of every 5th year, the Company adds persistent units to your account within the Policy Term. The Unique Identification Number is UIN: 140L025V02. Check DHFL Pramerica Wealth+ Ace Plan broucher for more details.
DHFL Pramerica e-Save (UIN: 140N046V01) is an online Endowment Non-Participating Insurance Plan. The Policyholder need to buy the policy online, so it is a hassle free process. The Guaranteed Additions and Maturity Benefit is provided. Tax Benefits are provided as per the Tax Laws. For more information check DHFL Pramerica e-Save broucher.
How to buy DHFL Pramerica Savings Plans?
You can buy the DHFL Pramerica Saving Plans from the nearest DHFL Pramerica Life Insurance Branch Office or, from the Agent of DHFL Pramerica Company. You have to download the Proposal Form from the official website of DHFL Pramerica Life Insurance. And Some DHFL Pramerica Savings Plans can also be bought through online at the official site. The Documents required for buying DHFL Pramerica Life Insurance Savings Plans are listed below.
- Proposal form / Application form along with the photo.
- Address Proof.
- Age Proof.
- Medical Reports (if required).
Claim Process for DHFL Pramerica Saving Plans
The Nominee / Policyholder can apply for the Claim in the case of Death or Disability occurred due to the Sudden Accident of the Life Assured within the Policy Term or if your Policy Maturity Period completed. You can apply for your Claim through online at the official website or through alternate channels such as at Branch Office, through Helpline Number, Mail Id. The Documents required for DHFL Pramerica Claim Process are
- Death Certificate Original from Municipal / Local Authorities.
- Hospital Records including Discharge Summary.
- Original Policy Document.
- NEFT Form.
- Date of Birth Proof.
- Claimant’s Statement and Claim Forms.
- Address Proof of Nominee.
- A copy of Pass Book.
- And Additional documents, in the case of death, occurred due to unnatural or accidental death.
DHFL Pramerica Savings Plans Premium Calculator
By using the DHFL Pramerica Saving Plans Premium Calculator, you can calculate the Minimum Premium that has to be paid to take the Policy. The Amount of Premium Paid will depend on the Age of the Life Assured, Policy Term, Sum Assured, and Premium Payment Modes. You need to enter Some Basic Information like Name, Mobile Number, Mail Id, Policy Term, Age, and Minimum Sum Assured to calculate the Premium Value.
More Details about DHFL Pramerica Life Insurance Savings Plans
Grace Period: The Grace Period of 30 days will be allowed for yearly, half-yearly, quarterly modes of Premium Payment. While Grace Period is a Term when you can Pay the due Premiums to Continue your Policy.
Free Look Period: The Insured can return the DHFL Pramerica Savings Plans If the Policy Holder does not satisfied with the Terms and Conditions of the Policy within 30 Days from the date of receipt of the Policy Document.
Riders: A Special Riders are available to enhance the protection of DHFL Pramerica Savings Plan.
Taxes: As per the Income Tax Laws, Benefits are available under Section 80C and Section 10(10D) of Income Tax Act for this DHFL Pramerica Saving Plans.
Policy Revival: The DHFL Pramerica Savings Plans can be Revived within Two years from the date of First Unpaid Premium.
Exclusions:
- Suicidal Exclusion:
- If the Policyholder commits suicide at any time within one year the Company will not pay any Death Benefits.
- If the Life Assured commits suicide at any time Within one year from the Date of Commencement of Risk or from the Date of Revival of Policy the Company will pay 80% of the Rider Premiums Paid.