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DHFL Pramerica Traditional Plans

Headquartered in Gurugram, DHFL Pramerica was launched in 2008 and since then it has become one of the leading insurance service providers of India. Their investment portfolio offers a wide range of plans such as retirement planning, savings and wealth, children’s education, financial protection, ULIPs and pension plans, etc.

With over 126 branches, they have over ₹4184.22 Crores of assets under management (AUM) as on 31st October 2018 and have successfully secured a customer base of 22 million people.

In this article, we will focus on the traditional plans offered by DHFL Pramerica. A traditional plan is a type of a conventional insurance plan where the money is invested in a plan as per the terms and conditions mentioned in the policy document. They serve for a longer investment horizon where you cannot withdraw from your investment, but the policyholder is promised to receive some sort of benefits.

Types of Investment Plans Offered by DHFL Pramerica

There are more than 10 savings plan offered by DHFL Pramerica. Read more to know the features and eligibility criteria for the same.

Note: All information related to product benefits and eligibility has been sourced from the official website of DHFL Pramerica.

DHFL Pramerica Life Secure Savings Plan

This is a savings and protection plan which offers guaranteed annual income in addition to a lump sum savings booster.

Product Benefits

  • Flexibility in choosing your premium payment term along with life cover.
  • You will get Guaranteed Benefits on Death or Maturity and Guaranteed Annual Payouts.
  • Death benefit payable will be 11 times the Annualized Premium (or) 105% of all the premiums paid till date of death (or) Maturity Sum Assured = (One Annual Payout (multiplied by) Lump Sum Factor for annual payout) (plus) Saving booster (multiplied by) Lump Sum Factor for savings booster) (or) Guaranteed amount assured to be paid on death, which is the Base Sum Assured.
  • Maturity benefit payable is Annual Payouts during the Payout Period, plus Savings Booster with last Annual Payout Installment. Annual Payouts will be 150% or 175% of Annualized Premium, based on Premium Payment Term and Savings Booster is Annualized Premium multiplied by Savings Booster Multiple.
  • You have an option to accept maturity benefits as a lump sum amount.
Age at Entry5 years to 60 years
Maturity Age18 years to 73 years
Policy Term13 years
Premium Payment Term8 years | 10 years | 12 years
Annualised Premium#Minimum: - Annual Mode: ₹25,000 p.a. - Other Modes: ₹30,000 p.a. Maximum: No Limit, subject to Board approved underwriting policy
Base Sum Assured11 X Annualised Premium Minimum Base Sum Assured will be: 11 X ₹25,000 = ₹2,75,000
Premium Payment ModeAnnual, Semi-annual, Quarterly and Monthly

DHFL Pramerica Magnum Assure

This is non-participating endowment insurance plan which provides guaranteed benefits to boost your savings.

Product Benefits

  • Facility to take a loan against the policy.
  • Guaranteed monthly income post completion of policy term.
  • Death benefit payable will be Death Sum Assured in the form of equal monthly payouts during the payout period.
  • Death Sum Assured will be highest of Base Sum Assured or Maturity Sum Assured or 10 times of the Annualized Premium or 105% multiplied by all the premiums paid (excludes underwriting extra) as of date of death where, Base Sum Assured = Annualized Premium X Policy Term (in years) X Death Benefit Multiple.
  • Maturity benefit will be in the form of regular monthly payouts during the payout period where monthly maturity benefit is Annualized Premium X Maturity Benefit Multiple) / 12.
  • Option to receive the same as a lump sum amount.

Eligibility Details

Age at entryMinimum : Maximum : 18 years For Policy Term 10 Years:55 years For Policy Term 15 Years:50 years For Policy Term 20 Years:45 years
Maximum Maturity Age65 years
Policy Term10, 15, 20 years
Premium Payment TermsRegular Pay
Annual PremiumMinimum: 20,000 Maximum: No Limit, subject to underwriting
Base Sum AssuredMinimum: Corresponds to age at entry, Annualized Premium and Policy Term as chosen Maximum: No limit, subject to underwriting
Premium Paying ModeYearly, Half Yearly, Quarterly and Monthly

DHFL Pramerica Smart Money Back

This is a participating endowment plan which provides benefits in the form of periodic payouts.

Product Benefits

  • Facility to take a loan against your policy.
  • Flexibility to choose your policy and premium payment terms.
  • You are entitled to bonus additions to your policy.
  • Death benefit payable will be 11 times the Annualized Premium along with Accrued Reversionary Bonuses, if any, plus Interim and Final Bonus. The minimum Death Sum Assured along with Bonuses will be at least 105% multiplied by all the Premiums paid (excluding underwriting extra Premium, if any) as on date of death.
  • Maturity benefit will comprise of Accrued Reversionary Bonus and Final Bonus, if any.
  • Survival Benefit is paid starting from end of every 4th policy year for 16 years policy Term and from end of every 5th policy for 20 years policy term.

Eligibility Details

Minimum Age at entry8 Years
Maximum Age at entryFor Policy Term 16 Years: 49 Years For Policy Term 20 Years: 45 Years
Maximum Maturity Age65 Years
Policy Term (years)16 20
Annual PremiumMinimum: 15,000 Maximum: No Limit
Base Sum AssuredMinimum: 1,20,000 Maximum: No limit, subject to underwriting
Premium Paying ModeYearly, Half Yearly and Monthly

DHFL Pramerica Smart Income

This is a non-participating guaranteed annual income plan with multiple options for customizing your policy.

Product Benefits

  • You will receive guaranteed annual income for a specific duration equivalent to the premium payment term.
  • Flexibility to choose premium paying terms in addition to availing loan against the policy.
  • Death benefit payable will be highest of Base Sum Assured (11 times of Annualized Premium) or Maturity Sum Assured or 105% of all the Premiums (excluding underwriting extra Premium, if any) paid till the date of death, Where Maturity Sum Assured is Annualized Premium x Maturity Benefit Multiplier (MBM) x lump sum factor.
  • Maturity benefit payable will be in the form of annual payout, where annual payout is Annualized Premiumx Maturity Benefit Multiplier (MBM).

Eligibility Details

Age at entry##Minimum 8 Years, subject to minimum age at maturity 18 years. Maximum 60 Years
Maturity Age##Minimum 18 Years Maximum 75 Years
Policy TermMinimum 7 Years Maximum 20 Years
Premium Payment TermsPolicy Term(Years) Premium Payment Term Options(Years) 7 5 8 5 or 6 9 5,6, or 7 10 5, 6, 7, 8, 9 or 10 11 6, 7, 8, 9, 10 or 11 12 7, 8, 9, 10, 11 or 12 13 8, 9, 10, 11, 12 or 13 14 9, 10, 11, 12, 13 or 14 15 10, 11, 12, 13, 14 or 15 16 11, 12, 13, 14 or 15 17 12, 13, 14 or 15 18 13, 14 or 15 19 14 or 15 20 15
Payout PeriodEqual to Premium Payment Term
Premium Paying ModeMinimum Annual Premium – Rs. 17,142 Maximum Annual Premium - No Limit, but subject to underwriting
Base Sum Assured11 X Annualized Premium

DHFL Pramerica Premier Gain

This is a participating non-linked endowment insurance plan which entitles you to get attractive returns.

Product Benefits

  • Option to take a loan against your policy.
  • You will receive Bonus Additions over the policy tenure.
  • Death benefit payable will be the sum of Death Sum Assured, Accrued Reversionary Bonuses and Interim and Final Bonus, if any, where Death Sum Assured would be highest of 10 times of Annualized Premium or Base Sum Assured.
  • Maturity benefit payable will be Base Sum Assured along with Accrued Reversionary Bonus and Final Bonus, if any.

Eligibility Details

Policy Term (Years)10, 15, 20, 25
Premium Payment Terms (Years) 5,7, 7,10, 7,10,15, 10,15,20
Minimum Age at entry8 Years 3 Years 91 days 91 days
Maximum Age at entry50 Years 55 Years 50 Years 45 Years
Minimum Annual PremiumPolicy Term 10 For other Policy Terms 75,000 50,000
Maximum Annual PremiumNo Limit, subject to underwriting
Base Sum AssuredMinimum Maximum 3,50,000 No Limit, subject to underwriting
Maximum Maturity Age70 Years
Premium Paying ModeYearly, Half Yearly, Quarterly and Monthly* for Policy Term of 15, 20 and 25 Years. Yearly for Policy Term of 10 Years.

DHFL Pramerica Smart Assure Plan

This is a non-participating endowment insurance plan which provides a guaranteed maturity and death benefit.

Product Benefits

  • You have the flexibility to take a loan against the policy and an option to select your premium payment term.
  • You are entitled to Guaranteed Maturity Benefit.
  • Death benefit payable will be the Death Sum Assured where Death Sum Assured is higher of Base Sum Assured or 11 times of Annualized Premium or Maturity Sum Assured, if Life Insured’s age at entry is less than 45 years or a Higher of Base Sum Assured or 7 times of Annualized Premium or Maturity Sum Assured if Life Insured’s age at entry is greater than or equal to 45 years.
  • Maturity benefit payable will be Maturity Sum Assured plus Maturity additions.
  • You also have Automatic Cover Continuance.

Eligibility Details

Age at entryMinimum: Maximum: 8 years For Policy Term 10 Years: 60 years For Policy Term 12 Years: 58 Years For Policy Term 15 Years: 55 Years For Policy Term 16 Years: 54 years For Policy Term 18 Years: 52 Years For Policy Term 20 Years: 50 Years For Policy Term 22 Years: 48 years For Policy Term 24 Years: 46 Years
Maximum Maturity Age70 Years
Policy Term10/12/15/16/18/20/22/24 years
Premium Payment TermsPremium Payment Term 5/7 Years 5/7/8 Years 5/7/8/10/12/15 Years 5/7/8/10/12 Years 5/7/8/10/12/15 Years 5/7/8/10/12/15/20 Years 5/7/8/10/12/15 Years 5/7/8/10/12/15/20 Years
Base Sum AssuredLimited Pay – 75,000 Regular Pay - 1,00,000 No Limit, Subject to Underwriting
Annual Premium 4,806 No Limit, Subject to Underwriting
Premium Paying ModeYearly, Half-Yearly Quarterly and Monthly

DHFL Pramerica Aajeevan Samriddhi

This is a whole life participating insurance and savings plan which provides financial protection till the age of 99 years.

Product Benefits

  • You get whole life cover till the age of 99 years.
  • You will receive Guaranteed Additions accrued for initial 5 years of the policyand Bonus post completing 5 years of policy termtill Policyholder attains age 65.
  • Death benefit payable will be Basic Death Benefit plus Accrued Guaranteed Additions plus Accrued Reversionary Bonuses plus Final Bonus (If any), depending on the year of death since the commencement of the policy.
  • Survival benefit payable will be Accrued Reversionary Bonuses plus Accrued Guaranteed Additions. (At the age of 65 years)
  • Maturity benefit will be Basic Sum Assured plus Final Bonus, if any.

Eligibility Details

Age at entryMinimum: 8 years Maximum: PPT 15 Years: 50 years PPT 20 Years: 45 years
Maximum Maturity Age99 years
Policy Term(99 – Entry Age) in complete years
Premium Paying Term15 and 20 Years
Premium Paying ModeYearly, Half-Yearly and Monthly
Minimum Premium 5,500 (Yearly)
Maximum PremiumDepends on the chosen basic sum assured, age at entry and premium payment term
Minimum Basic Sum Assured 75,000
Maximum Basic Sum AssuredNo limit subject to underwriting

DHFL Pramerica Roz Sanchay

This is a limited pay non-participating guaranteed endowment plan which offers combined benefits of savings and a protection plan.

Product Benefits

  • Option to take a loan against the policy.
  • Flexibility to select the premium payment term (12 or 16 years).
  • Death benefit payable will be Base Death Benefit along with the Accrued AGAs, where, Base Death Benefit is 150% of Base Sum Assured in the first Policy Year increasing by an amount equal to 5% of the Base Sum Assured for every completed Policy Year till the end of the policy term.
  • Death benefit is highest of 10 times the Annualized Premium or 150% of the Base Sum Assured or 105% of the premium paid (excluding underwriting extra and service tax, if any) as on date of death if the age of entry is less than 45 years.
  • If the age of entry is 45 years or higher, the death benefit is highest of 7 times the Annualized Premium or 150% of the Base Sum Assured or 105% of the premium paid (excluding underwriting extra and service tax, if any) as on date of death.
  • Maturity benefit will be the sum of 150% of the Base Sum Assured and accrued Annual Guaranteed additions, subject to policy being in force for full Policy Benefits and all due premium have been paid.
  • You will be entitled to Annual Guaranteed Addition.

Eligibility Details

Age at entryMinimum: 8 years Maximum: 50 years for 16 years Policy Term 45 years for 21 years Policy Term
Maximum Maturity Age66 years
Policy Terms16 years, 21 years
Premium Payment Term 12 Years for 16 Years Policy Term 16 Years for 21 Years Policy Term
Premium Paying ModeYearly, Half-Yearly and Monthly
Sum AssuredMinimum Term: 16 years 80,000 Term:21 years 1,20,000 Maximum: 5 Crore

DHFL Pramerica Flexi Cash Plan

This is a participating non-linked endowment plan with a flexible option to access your savings at any time during the flexi benefit period.

Product Benefits

  • Flexibility to prepone the maturity date during the flexi benefit period.
  • You will get Guaranteed Loyalty Benefit of 10% of the Annualised Premium each year from the second year of the policy.
  • Death benefit payable will be Death Sum Assured along with accrued Reversionary Bonus and Final Bonus, if any.
  • Death Sum Assured is highest of 10 times the Annualized Premium or 100% of base sum assured if the age at entry is less than 45 years.
  • Death Sum Assured is highest of 7 times the Annualized Premium or 100% of base sum assured, if the age at entry if 45 years or higher. The death sum assured together with bonuses shall be at least equal to 105% multiplied by sum of all the premiums paid as on date of death.
  • Maturity benefit will be equal to 100% of Base Sum Assured chosen at inception PLUS Accrued Reversionary Bonus PLUS Final Bonus if any.
  • The flexi benefit period can vary from 10 and 15 years, 15 and 25 years or 20 and 35 years.

Eligibility Details

Age at entryMinimum : 8 years, Maximum : For Policy Term 15 Years:60 years For Policy Term 25 Years:50 years For Policy Term 35 Years:40 years
Maximum Maturity Age75 years
Policy Term15/ 25/ 35 years
Premium Payment TermsFor Policy Term 15 Years: 5 years For Policy Term 25 Years: 10 years For Policy Term 35 Years: 15 years
Base Sum Assured (Minimum)For Policy Term 15 Years: 1,70,000 For Policy Term 25 and 35 Years: 2,00,000
Annual PremiumMinimum: 17,000
Premium Paying ModeYearly, Half-Yearly and Monthly

DHFL Pramerica Sahaj Suraksha

This is a long-term participating savings-cum protection plan which focuses on helping you meet your expenses during older years.

Product Benefits

  • Flexibility to pay premium only for 15 or 20 years.
  • You are entitled to Compounding Reversionary Bonuses.
  • Maturity benefit will be the sum of Basic Sum Assured, Accrued Reversionary Bonuses and Final Bonus, if any.
  • Death benefit will be the Death Sum Assured, Accrued Reversionary Bonuses, Interim Bonus, if any, and Final Bonus, if any.
  • Death Sum Assured is 11 x Annualized Premium @ (70 - Age at entry) x 0.5 x Annualized Premium @ Basic Sum Assured if the age of entry is less than 45 years.
  • Death Sum Assured is 11 x Annualized Premium @ (70 - Age at entry) x 0.25 x Annualized Premium @ Basic Sum Assured if the age of entry is more than 45 years.

Eligibility Details

Age at entryMinimum : 18 years Maximum : 50 years
Maximum Maturity Age75 years
Policy Term(75 - Entry Age) in complete years
Premium Paying Term15 and 20 Years
Premium Paying ModeYearly, Half-Yearly, Quarterly and Monthly
Minimum Premium 6,144
Maximum PremiumDepends on the chosen basic sum assured, age at entry and premium payment term
Minimum Basic Sum Assured 1,00,000/-
Maximum Basic Sum AssuredNo limit subject to underwriting

DHFL Pramerica Smart Cash Protect Plan

This is a participating endowment-cum insurance plan which provides regular income in the form of annual cash benefits along with lump sum payouts.

Product Benefits

  • You are guaranteed an annual payout along with survival benefits.
  • You can select Limited Premium Payment Options (12|15|20 years).
  • Maturity benefit payable will be 50% of the Sum Assured plus final bonus (if any).
  • Annual payouts will be equal to 6% of the Sum Assured.
  • You will be entitled to a paid bonus, if declared, every year and Reversionary Bonus Accrued.
  • Death benefit payable will be Death Sum Assured plus Accrued Reversionary Bonus plus Final Bonus (if any). (Applicable only if the life insured dies within the first 15 policy years).
  • In case of death post 15 policy years, the Death Sum Assured plus Final Bonus (if any). The Death Sum Assured is defined as maximum of 11 times the Annualised Premium or 50% of the Sum Assured. However, the minimum Death Benefit will be at least equal to 105% multiplied by the total Premium paid as on the date of death.

Eligibility Details

Premium Payment Terms12 Years 15 Years 20 Years
Age at entryMinimum 23 Years 20 Years 18 Years Maximum 55 Years 55 Years 50 Years
Policy Term70 – Age at entry 75 – Age at entry 85 – Age at entry
Policy Term – Minimum30 years 35 years 40 years
Policy Term – Maximum47 years 55 years 67 years
Maximum Maturity Age85 years 90 years 90 years
Premium Paying Term12 Years, 15 Years, 20 Years
Premium Paying ModeAnnual, Semi - Annual and Monthly
Minimum Premium 12,000
Maximum PremiumNo limit subject to underwriting
Minimum Sum Assured 1,25,000
Maximum Sum AssuredNo limit subject to underwriting

How to Apply for DHFL Pramerica Traditional Plans?

Online Option

To apply online, simply visit the official website of DHFL Pramerica and register your login ID and password. Once logged-in, select the desired plan on the basis of coverage and basic details. Next, fill in the online application and your premium will be automatically calculated. Now, simply pay the premium via credit/debit/net banking and your policy will be issued in your name.

Offline Application

You can purchase various plans of DHFL Pramerica via banks, brokers, aggregators, agents or intermediaries who will help you with the entire process of application.

FAQs on DHFL Pramerica Investment Plans

Why choose DHFL Pramerica Investment Plans?

There are multiple reasons to choose DHFL Pramerica Investment Plans as they have a range of ten plus savings plan which can meet all your investment as well as protection needs. Also, they have an excellent service record.

How do I check the status of my claim with DHFL Pramerica Investment Plans?

You can check the status of your claim with DHFL Pramerica through their online e-Portal with your registered login ID and Password.

Which is the best investment plan of DHFL Pramerica in 2018?

There is no such single best plan of DHFL Pramerica; there are multiple good plans with their own set of unique features which are suitable to cater all of your investment requirements.

How to pay premium? What are the modes of payment available?

You can pay the premium via the official e-portal of DHFL Pramerica with your registered user ID and Password. The various modes available are via net banking, ECS, Credit/Debit Card, through cash or cheque at a branch at Axis or SBI Bank Branches.

How can I check the policy status of my DHFL Pramerica Investment Plan?

You can check the status of your DHFL Pramerica Investment Plan on the online e-Portal of DHFL Pramerica Investment Plan via logging-in with your registered user ID and Password.

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