- About Coverfox
DHFL Pramerica U-Protect is a term life insurance plan designed specifically to provide financial protection to your family in case of your unfortunate demise. This plan provides life insurance cover at nominal premium rates.
Note: All information has been sourced from the official website of DHFL Pramerica India.
Mentioned below are the features of DHFL Pramerica U-Protect Term Insurance:
Mentioned below are the benefits of DHFL Pramerica U-Protect Term Insurance:
In case of death of the policyholder within the policy term, the death benefit payable will be equal to the Sum Assured chosen during the time of purchasing the policy. The policy will terminate once the death benefit has been paid.
You can enhance the protection of this plan by purchasing additional riders - DHFL Pramerica Traditional Accidental Death Benefit Rider or/and DHFL Pramerica Traditional Critical Illness Rider.
The eligibility criteria for DHFL Pramerica U-Protect Plan are as follows:
|Entry Age ( as on last birthday)|
Minimum: 18 Years
Maximum: 55 Years
|Maximum Age at Policy Expiry||65 Years|
|Policy Term||10 Years to 30 Years|
|Premium Paying Term||Regular|
|Premium Paying Mode||Yearly, Half Yearly|
Minimum: Rs 25,00,000
Maximum: No limit subject to underwriting
|Minimum Annual Premium||Rs 4,000|
Note: Please find below the sample premiums for a non-smoker, standard male life and Sum Assured of Rs. 50,00,000 for a Policy Term of 20 Years, for annual payment mode policies.
|Gender / Age||Age 35||Age 35|
|Male||Rs. 7,750||Rs. 17,600|
|Female||Rs. 6,200||Rs. 12,800|
If death occurs due to suicide, whether sane or insane, within twelve months of the date of commencement of risk or within twelve months from the date of revival of the Policy, then the insurer will pay an amount equal to higher of 80% of total Premium paid (excluding underwriting extra, if any) as death benefit.
The DHFL Pramerica U-Protect Term Insurance Plan provides ample security to your family in case of an untimely death. The life cover comes at a very nominal cost.
Can I take this policy on the life of someone else?
No, it can only be taken on life of self.
How can I pay for premium?
You can pay premium by cash/cheque/DD/Credit Card/Debit Card/Electronic Clearing Service.
Can I change the tenure of the policy?
No, you cannot change the tenure post policy commencement.
What is the tenure of the policy? Can it be changed at a later date?
The customer can choose a tenor between 10 years to 30 years. Tenure once chosen cannot be changed.