DHFL Pramerica Life Insurance Plans
DHFL Pramerica Life Insurance
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DHFL Pramerica Life Insurance Plans

DHFL Pramerica Life Insurance Company Ltd., established in July 2013, is a joint venture between DHFL Investments Limited, which is a wholly-owned subsidiary of Dewan Housing Finance Corporation Ltd. (DHFL), and Prudential International Insurance Holdings. The company works with a vision to secure and enrich every life that they touch.

Highlights:

Total Number of Branches

144

Assets Under Management

Rs. 5,270.68 Crores

Total No. of Lives Secured

9 Million +

**Last Updated on 05-11-2020

1. DHFL Pramerica Life Protection Plans

i) Pramerica Life TruShield

Pramerica Life TruShield is a non-linked, non-participating term life insurance plan that offers a return of premium. The plan is specially designed to take care of your family's financial needs in case you are no longer around to take care of them. 

Key Features:

  • The plan offers the flexibility to select the Death benefit option as per your need – Level Cover or Reducing Cover.
  • Upon survival of the policyholder till completion of the policy term, the policyholder is eligible to get the return of all the premiums paid (excluding extra premium and taxes, if any).

Eligibility Criteria:

Policy Term

7 Years

10 Years

12 Years

15 Years

20 Years

Entry Age

Minimum

18 years 

Maximum

50 Years

55 Years

50 Years

50 Years

45 Years

Maturity Age

65 Years

Basic Sum Assured

Minimum

Rs 5,00,000

Maximum

Rs. 50 Crores, subject to underwriting as per board approved underwriting policy

**Last Updated on 05-11-2020

ii) Pramerica Life U-Protect

Pramerica Life U-Protect is a non linked, non participating term life insurance plan that secures your family and protects their financial needs in case of your unfortunate demise.

Key Features:

  • The plan offers comprehensive insurance protection at a nominal cost.
  • The plan encourages people to quit smoking by offering a lower premium for maintaining a healthy lifestyle.

Eligibility Criteria:

Entry Age

Min: 18 years

Max: 55 years

Maximum Maturity Age

65 years

Policy Term

10 years to 30 years

Premium Payment Term

Regular

Basic Sum Assured

Minimum: Rs.25,00,000 

Maximum: No limit subject to underwriting

**Last Updated on 05-11-2020

2. DHFL Pramerica Life Child Progress Plan

i) Pramerica Life Rakshak Gold

Pramerica Life Rakshak Gold is specially designed to safeguard your child's future in your absence. The plan provides money to cater to the various needs of your child like higher education, marriage, etc.

Key Features:

  • For every completed policy year, annual guaranteed addition will add to the policy, and this addition will increase after every 3 policy years.
  • One can avail loans against the policy.

Eligibility Criteria:

Policy Term

12 Years

15 Years

18 Years

Entry Age

Minimum

18 years 

Maximum

53 Years

50 Years

47 Years

Maturity Age

65 Years

Basic Sum Assured

Minimum

Rs 75,000

Maximum

Rs. 5 Crore subject to underwriting

 

**Last Updated on 05-11-2020

3. DHFL Pramerica Health Plans

i) Pramerica Life Dengue Shield

Pramerica Life Dengue Shield is a traditional fixed benefit individual health plan that helps and protects you against the financial impact of dengue during illness and recovery. On diagnosis of dengue fever (Dengue Haemorrhagic Fever and/ or Dengue Shock Syndrome), 100% of the chosen sum insured will be paid (conditions apply) to the policyholder. 

Key Features:

  • One can promptly avail of the policy as there is no lengthy paperwork required.
  • A policyholder can cover as many as 6 family members in a single policy under 'Family Cover Option'.
  • The plan offers multiple premium payment options.

Eligibility Criteria:

Entry Age

Min: 91 Days

Max: 65 years

Policy Term

5 Years

Premium Payment Term

Regular Pay, Single Pay

Basic Sum Insured

Rs 25,000, Rs. 40,000 or Rs. 50,000

**Last Updated on 05-11-2020

ii) Pramerica Life Cancer+Heart Shield

Pramerica Life Cancer+Heart Shield is a non-linked, non-participating fixed benefit individual health product that covers you against the financial impact of various critical illnesses (on diagnosis and recovery). Along with cancer & heart problems, the plan also covers another 26 major critical stage illnesses. 

Key Features:

  • The plan offers fixed benefits on the diagnosis of the listed conditions/illnesses.
  • The plan comes with various coverage options and provides in-depth coverage against different dreaded critical illnesses. One can choose from:

Option I: Cancer Shield

Option II: Heart Shield

Option III: Cancer & Heart Shield

Option IV: Comprehensive Shield

Eligibility Criteria:

Entry Age

Min: 18 years

Max: 65 years

Policy Term

Min: 10 years

Max: 40 years

Premium Payment Term

Regular Pay, equal to Policy Term

Basic Sum Insured

Minimum: Rs:5,00,000

Maximum: 

  • Option I: Rs 50,00,000 
  • Other Options: Rs. 25,00,000

**Last Updated on 05-11-2020

iii) Corona Rakshak Policy, Pramerica Life

COVID-19 has become a big threat to us. While battling with this highly infectious disease, it is essential to take all necessary precautions, and at the same time, should also be prepared to protect yourself and your family from its financial impact. With this policy, be prepared to deal with the virus without worrying about your medical expenses. 

Key Features:

  • If diagnosed with Coronavirus, the policyholder will get a fixed lump sum payout irrespective of the treatment cost.
  • You can cover up to 6 family members in the same policy, and avail 5% discount on the total premium.

Eligibility Criteria:

Entry Age

Min: 18 years

Max: 65 years

Policy Term

3 ½ months / 6 ½ months / 9 ½ months i.e, 105 days, 195 days and 285 days respectively

Premium Payment Term

Single Premium

Basic Sum Assured

Minimum: Rs:50,000

Maximum: Rs. 2,50,000 (in the multiples of fifty thousand)

**Last Updated on 05-11-2020

4. DHFL Pramerica Life ULIP Plans

i) DHFL Pramerica Life Wealth Enhancer

DHFL Pramerica Life Wealth Enhancer is a perfect combination of savings & protection. The plan allows you to pay just once and enjoy the benefits of up to 20 years.

Key Features:

  • The plan offers the flexibility of fund conservation at maturity to protect your fund value from market fluctuations.
  • The policyholder is eligible to get tax benefits as per the prevailing tax laws.

Eligibility Criteria:

Entry Age

Min: 1 year

Max: 70 years

Maximum Maturity Age

75 years

Premium Payment Term

Single Pay

Premium

Minimum: Rs.2,00,000 

Maximum: Subject to underwriting

**Last Updated on 05-11-2020

ii) DHFL Pramerica Life Wealth Maximiser

DHFL Pramerica Life Wealth Maximiser is a unit-linked non-participating life insurance plan that allows policyholders to enjoy the benefit of choosing an adequate life cover based

on their desired level of protection.

Key Features:

  • The plan offers the flexibility to choose from single, regular, or limited premium payment tenures.
  • The plan allows policyholders to choose the investment strategy as per their needs and requirements. There are two strategies- 
  • Defined Portfolio Strategy 
  • Life Stage Portfolio Strategy

Eligibility Criteria:

Entry Age

Min: 90 days

Max: 65 years

Maximum Maturity Age

75 years

**Last Updated on 05-11-2020

iii) DHFL Pramerica Life Wealth+Ace

DHFL Pramerica Life Wealth+Ace is a unit-linked, non-participating single premium life insurance plan. It is an excellent solution that allows you to plan ahead and secure your family's future.

Key Features:

  • The plan adds persistence units to the policyholder's account at the end of every 5th year, starting from the 10th policy anniversary (provided they fall within the policy term).
  • The plan allows the policyholder to choose a policy term from 10, 15, 20, or 25 years.

Eligibility Criteria:

Entry Age

Min: 90 days

Max: 65 years

Maximum Maturity Age

75 years

Premium Payment Term

Single Pay

Premium

Min. Rs. 65,000 

Max: Depends on the maximum sum assured, subject to underwriting

**Last Updated on 05-11-2020

iv) DHFL Pramerica Life Smart Wealth+
DHFL Pramerica Life Smart Wealth+ allows you to plan for a better future. Under this plan, policyholders have the option to choose between regular or limited premium payment tenures to suit their needs and requirements.

Key Features:

  • The plan offers loyalty additions in the form of persistency units.
  • Under this plan, one can choose from the five funds that offer different levels of growth (depending on your risk appetite).

Eligibility Criteria:

Entry Age

Min: 8 years

Max: 55 years

Maximum Maturity Age

75 years

Premium Payment Term

5,10,15 or 20 Years

Premium Payment Mode

Annual, Half-Yearly, Quarterly, and Monthly

**Last Updated on 05-11-2020

5. DHFL Pramerica Life Savings Plans

i) DHFL Pramerica Life Secure Savings Plan

DHFL Pramerica Life Secure Savings Plan is a non-linked, non-participating endowment life insurance plan that supports your family, and helps you overcome any financial hurdle.

Key Features:

  • The plan offers a life cover (during the policy term) that financially helps the family in the death of the policyholder.
  • The policyholder will get guaranteed annual payouts during the payout period after completion of the policy term.

Eligibility Criteria:

Entry Age

Min: 5 years

Max: 60 years

Maximum Maturity Age

73 years

Premium Payment Term

8 years | 10 years | 12 years

Premium Payment Mode

Annual, Half-Yearly, Quarterly, and Monthly

Base Sum Assured

11 X Annualised Premium

Minimum Base Sum Assured will be: 11 X Rs. 25,000 = Rs. 2,75,000

**Last Updated on 05-11-2020

ii) DHFL Pramerica Life Smart Income

DHFL Pramerica Life Smart Income is a non-participating guaranteed annual income plan that offers steady income through a guaranteed annual income benefit to make your family financially independent in your absence.

Key Features:

  • Under this plan, a policyholder will get guaranteed annual payouts for a duration equal to the premium payment term.
  • Policyholders are eligible to avail loans against their policies. 

Eligibility Criteria:

Entry Age

Min: 8 years

Max: 60 years

Maximum Maturity Age

75 years

Policy Term

Min: 7 years

Max: 20 years

Premium Payment Mode

Annual, Half-Yearly, and Monthly

**Last Updated on 05-11-2020

iii) DHFL Pramerica Life Flexi Cash

DHFL Pramerica Life Flexi Cash is a non-linked endowment life insurance plan that allows you to customise the benefits as per your financial needs.

Key Features:

  • The policyholder has the freedom to prepone his/her policy maturity date anytime during the flexi benefit period.
  • The policyholders have the option to pay premiums only for a period of 5, 10, or 15 years

Eligibility Criteria:

Entry Age

Min: 8 years

Max:

  • For Policy Term 15 Years: 60 Years 
  • For Policy Term 25 Years: 50 Years 
  • For Policy Term 35 Years: 40 Years

Maximum Maturity Age

75 years

Premium Payment Mode

Yearly, Half-Yearly and Monthly

Sum Assured

For Policy Term 15 Years: Rs. 1,70,000 

For Policy Term 25 and 35 Years: Rs. 2,00,000

**Last Updated on 05-11-2020

iv) DHFL Pramerica Life Smart Assure

DHFL Pramerica Life Smart Assure is a non-linked, non-participating endowment life insurance plan that gives an assurance of Guaranteed Increasing Death Benefit and secures your family's financial needs.

Key Features:

  • The plan offers a life cover and gives additional coverage to your family when you aren't around. 
  • The plan offers an option to pay premiums for a limited or regular period.

Eligibility Criteria:

Entry Age

Min: 8 years

Max:

  • 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 Age

70 years

Base Sum Assured

Min: 

  • Limited Pay- Rs 75,000 
  • Regular Pay- Rs 1,00,000 

Max: No Limit, Subject to Underwriting

**Last Updated on 05-11-2020

v) DHFL Pramerica Life Roz Sanchay

DHFL Pramerica Life Roz Sanchay is a protection cum savings plan that comes with an annual guaranteed addition that keeps on increasing every policy year (throughout the policy tenure). 

Key Features:

  • The plan allows the policyholder to avail loan against his/her policy.
  •  The plan offers the convenience of paying a premium for a limited term. 

Eligibility Criteria:

Entry Age

Min: 8 years

Max: 

  • 50 Years for 16 Years Policy Term 
  • 45 Years for 21 Years Policy Term

Maximum Maturity Age

66 years

Premium Payment Term

12 Years for 16 Years Policy Term 

16 Years for 21 Years Policy Term 

Premium Payment Mode

Yearly, Half Yearly, and Monthly

Base Sum Assured

Min:

  • Term: 16 Years- Rs 80,000 
  • Term: 21 Years- Rs 1,20,000

Max: Rs 5 Crore 

**Last Updated on 05-11-2020

vi) DHFL Pramerica Life Smart Cash Protect

DHFL Pramerica Life Smart Cash Protect is a non-linked participating endowment life insurance plan that offers regular cash benefits every year, along with life cover to meet your financial plans. 

Key Features:

  • The plan offers limited premium payment options of 12, 15, or 20 years. 
  • Policyholders have the option to avail loans against their policies. 

Eligibility Criteria:

Policy Term

12 Years

15 Years

20 Years

Entry Age

Minimum

23 years 

20 years

18 years

Maximum

55 Years

55 Years

50 Years

Maximum Maturity Age

85 Years

90 years

90 years

Basic Sum Assured

Minimum

Rs. 1,25,000

Maximum

No limit, subject to underwriting

 

**Last Updated on 05-11-2020

vii) DHFL Pramerica Life Magnum Assure

DHFL Pramerica Life Magnum Assure is a non-linked, non-participating endowment life insurance plan that offers guaranteed monthly payouts to ensure that your family's financial needs are properly looked after.

Key Features:

  • Avail Tax Benefits on the Premiums paid as per the prevailing tax.
  • If the policyholder dies during the policy term, the claimant will get the death sum assured in equal monthly payouts during the payout period.

Eligibility Criteria:

Entry Age

Min: 18 years

Max:

  • For Policy Term 10 Years: 55 Years 
  • For Policy Term 15 Years: 50 Years

Maximum Maturity Age

65 years

Premium Payment Mode

Yearly, and Monthly

Policy Term

10 or 15 years

**Last Updated on 05-11-2020

Why Should You Buy DHFL Pramerica Life Insurance Plans?

DHFL Pramerica Life Insurance caters to your financial needs at every step of your life. The company ensures that its life insurance plans are well-suited to meet both (investment and life cover) needs of its customers. With a list of 17 DHFL Pramerica life insurance plans, customers can easily purchase the one to safeguard their future. 

DHFL Pramerica Claims Process:

Step 1: Intimate the company

The claimant needs to inform the company and register a claim request. The company provides four convenient ways of intimation:

  • Visit the DHFL Pramerica Life branch and submit a written claim
  • Notify online at https://www.pramericalife.in/Claims/Claim
  • Mail at claims@pramericalife.in
  • Call at 1800-102-7070

At the same time, the claimant needs to provide information like date of death or critical illness, name & address of the policyholder, and other details.

Step 2: Submission of documents

This step requires the claimant to submit the following documents to the company:

  • Filled Claim Form
  • Original Policy Bond
  • A recent photograph of Nominee
  • Death Certificate
  • Nominee Identification Proof establishing a relationship with deceased LA
  • Proof of Bank Account: Original cancelled cheque with the pre-printed name of account holder OR original bank statement OR bank attested and stamped copy of bank passbook/ bank statement OR letter signed and stamped by bank certifying all account details
  • Others requested by the company

Note- The above documents should be submitted (in original) at any of the company's branches.

Step 3: Processing and Decision

The company will check all the documents. Once everything is according to their rules, it will process the claim within 30 days.

Contact Details:

Address: Pramerica Life Insurance Limited (Erstwhile DHFL Pramerica Life Insurance Company Limited),

4th Floor, Building No. 9 B, Cyber City, DLF City Phase III,

Gurgaon-122002

  • Contact Number: 1800-102-7070 (toll-free)
  • Email Address: contactus@pramericalife.in
  • SMS POLINFO <9 digit policy number> to 5607070 from registered mobile number to get your policy details in a more convenient, quick, and hassle-free manner

Frequently Asked Questions (FAQ's)

To overcome any medical emergency, a policyholder is eligible to avail the loan against his/her policy, which is available after the policy acquires a surrender value of up to 80%.

  • You can download the claim form from the 'Claims' section of the website.
  • Visit the nearest Pramerica Life branch.
  • Talk to your Pramerica Life Insurance representative.

In such a case, the claimant needs to provide a copy of the legal heir certificate to the company.

Yes, once you complete the Lock-in-Period of 5 years, you are eligible to partially withdraw your funds.

If the policyholder is unable to pay the premium for at least the first two consecutive policy years, the policy will get lapsed. However, one can revive his/her lapsed policy within five years from the date of the first unpaid premium.

Last updated on 05-11-2020