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DHFL Pramerica U-Protect Term Insurance

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.

Features of DHFL Pramerica U-Protect Term Plan

Mentioned below are the features of DHFL Pramerica U-Protect Term Insurance:

  • Attractive premium rates.
  • Lower premium rates for non-smokers.
  • Provides comprehensive protection.
  • Comes with rider options - Accidental Death Benefit Rider and Critical Illness Rider.
  • You are entitled to tax benefits as per Section 80C of the Income Tax Act, 1961.

Benefits 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.

Eligibility Criteria

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 Expiry65 Years
Policy Term10 Years to 30 Years
Premium Paying TermRegular
Premium Paying ModeYearly, Half Yearly
Sum Assured
Minimum: Rs 25,00,000
Maximum: No limit subject to underwriting
Minimum Annual PremiumRs 4,000

Premium Details

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 / AgeAge 35Age 35
MaleRs. 7,750Rs. 17,600
FemaleRs. 6,200Rs. 12,800

Other details of DHFL Pramerica U-Protect Term Plan

  • There is no loan feature and surrender benefits under this policy.
  • The policy comes with a grace period of 30 days in case of non-payment of premium.

Exclusions DHFL Pramerica U-Protect Term Plan

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.

Review of DHFL Pramerica U-Protect Term Plan

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.

FAQs on Dhfl Pramerica U Protect Term Plan

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.