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Child Insurance plan could be traditional plan which is a long-term tenure plan where premium is paid for longer or limited period. Upon maturity, a pre-determined fixed amount will be paid to the child. Or in case of death of policy holder, the child will get the death benefits instantly and the policy will continue till maturity because of ‘Premium Waiver’ rider. This feature is a unique feature of child insurance plan that allows the plan to continue for the benefit of the child in case of untimely death of parents, who were actually the policy holders. Insurance company continues the policy by paying the premium and the maturity benefit is handed to the child in due time. The amount of death benefit will also be paid to the nominee immediately in case of death of policy holder.
Another type of child insurance plan is ‘unit-linked’, where the premium paid is invested in the fund in the market and the benefits will grow based on the market growth. In case of maturity of the plan or pre-matured death of the policy holder, the insured person will get the fund value as the benefit. In either of the plans, it is meant for the welfare of the child.
DHFL Pramerica Life Insurance Company, headquartered in Gurgaon, India and jointly launched by DHFL, is a major housing sector financing company in India, along with Prudential International Insurance Holdings, Ltd. of USA. DHFL Pramerica offers many different insurance products including various child insurance plans to cater to the various needs and to protect the future of the child, thus giving coverage for a safe and secured future.
The different Child insurance plans offered by DHFL Pramerica are:
Eligibility criteria varies from one child plan to another. But the general outline is as follows:
DHFL Pramerica offers several Child Insurance plans and one can choose the best fit plan for them out of all these, based on their requirements. These plans provide the guarantee of a financially secured future for the children in case of the untimely demise of the parents. Certain child plans provide support for the education as well.
How can I check the current status of my claim?
For inquiring claim related status, one can approach the company by any of the following:
How do I notify a claim?
How do I register a claim?
Need to submit the following original documents mandatorily at the branch:
Also the following documents to be carried to the branch for verification by Branch Operations Executive:
I have lost my policy bond, what should I do?
In such cases, a customer has to submit an indemnity bond that is available in the branches. It is done on a 100 rupees stamp paper that is non-judicial and the claimant has to sign it.
The nominee is not alive. What should I do?
To process the claim, a copy of ‘Legal Heir Certificate’ has to be provided.
What are the timelines to settle a claim?
Where can I get the claim form?
Which documents do I need to submit to file a claim?
Below are the required documents, but the company keeps the right to ask for other documents as required to process the claims. Mandatory documents:
For Accidental Death: (Documents to be attested by company personnel)
Nominee’s mandatory Documents:
Additional Helpful documents for Non-accidental death:
For Accidental death:
For Critical Illness:
Who is entitled to receive the claimed benefit
Why is it essential to submit all the records /documents as required by the company?
How can I check policy status for DHFL Pramerica child plans?
One has to use login ID and password and log in to personal account. Then click on ‘Policy Details’ tab to check the status.
Policy Cancellation process for DHFL Pramerica Child Plan?