DHFL Pramerica Life Insurance Limited is a joint venture between Prudential International Insurance & DHFL Investments Limited. DHFL Pramerica is dedicatedly providing protection and quality financial advice to its customers. The insurance company offers four unit-linked insurance plans. It provides life coverage & acts as an investment to the policyholder. Here we are going to discuss the four ULIP plans offered by the DHFL Pramerica Life Insurance company.
Here is a table mentioning all the details about 4 DHFL Pramerica ULIP plans as per 2019-2020.
|Plan Name||Entry Age||Policy Term(Regular Pay)||Premium||Maximum Maturity Age|
|Minimum||Maximum||Age at the entry of life insured||Policy Tenure|
|Pramerica Life Wealth Enhancer||1 Years||68 Years||1 Year - 40 Years |
41 Years - 45 Years
46 Years and above
|7 Years to 20 Years |
7 Years to 10 Years
|Rs.2,00,000 onwards (Single pay)||75 Years|
|Pramerica Life Wealth Maximiser||90 Days||65 Years||0 Years - 40 Years |
41 Years - 65 Years
|5 Years to 30 Years |
5 Years to 25 Years
|Rs.36,000 onward (Annually).||75 Years|
|Pramerica Life Wealth+ Ace||90 Days||65 Years||8 Years |
|10 Years |
20 Years or 25 Years
|Rs.65,000 (Single Premium)||75 Years|
|Pramerica Life Smart Wealth+||8 Years||55 Years||20 Years||Rs.30,000 onwards (Annually)||75 Years|
Here is a detailed description of the four ULIP plans offered by DHFL Pramerica Life Insurance Company:
It is a unit-linked and non-participating plan being offered by the DHFL Pramerica Life insurance company. Here is all that is offered to an insured under the plan:
Under this ULIP, the policy buyer can choose one of the two investment strategies:
Other than this, the plan provides the insured with death benefit and maturity benefit.
Under the death benefit the insured get higher of :
Pramerica Life Wealth+ Ace Plan’s features are:
This unit-linked insurance plan provides the policyholders with following the facilities and benefits:
The features of the DHFL Pramerica ULIP plans and the benefits provided under them are excellent. The facilities, bonuses, and choices under-investment strategies are worth investing in these plans. Here are a few of the salient features along with benefits offered by the DHFL Pramerica ULIP plans for a better understanding:
For example, wealth addition percentage under Pramerica Life Wealth Enhancer Plan:
|Policy Year||Wealth Additions|
|1 Year to 5 Years||0.2%|
|6 Years and onwards||1.0%|
Yes, the policy term is different for different ages of the policy buyer under the Pramerica Life Wealth Enhancer Plan.
The minimum maturity age is 18 years for Pramerica Life Wealth Maximiser Plan
Yes, switches are chargeable. 4 switches in the policy year are not charged whereas any subsequent switches thereafter are charged with Rs.250 per switch.
Yes, the policyholder has an option to revive the discontinued policy within three years from the date of the first unpaid premium. This can only be done if the policyholder pays all the due premium amount.
Last updated on 06-11-2020