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.
Total Number of Branches | 144 |
Assets Under Management | Rs. 5,270.68 Crores |
Total No. of Lives Secured | 9 Million + |
**Last Updated on 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
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:
|
**Last Updated on 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
Eligibility Criteria:
Entry Age | Min: 90 days Max: 65 years |
Maximum Maturity Age | 75 years |
**Last Updated on 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
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 04-12-2020
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:
Eligibility Criteria:
Entry Age | Min: 8 years Max:
|
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 04-12-2020
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:
Eligibility Criteria:
Entry Age | Min: 8 years Max:
|
Maximum Maturity Age | 70 years |
Base Sum Assured | Min:
Max: No Limit, Subject to Underwriting |
**Last Updated on 04-12-2020
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:
Eligibility Criteria:
Entry Age | Min: 8 years Max:
|
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:
Max: Rs 5 Crore |
**Last Updated on 04-12-2020
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:
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 04-12-2020
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:
Eligibility Criteria:
Entry Age | Min: 18 years Max:
|
Maximum Maturity Age | 65 years |
Premium Payment Mode | Yearly, and Monthly |
Policy Term | 10 or 15 years |
**Last Updated on 04-12-2020
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.
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:
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:
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.
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
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%.
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 04-12-2020