• DHFL Pramerica Life Insurance - Compare & Choose from a Host of Policies Online

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    DHFL Pramerica Life Insurance Company is one of the fastest growing private life insurers in India. The company has a great product lineup that includes term plans, endowment plans, ULIPS, child protection plans, etc. The life insurance covers offered by DHFL Pramerica helps people secure the financial requirements of their loved ones in case of their unexpected demise. The group plans offered by the company are highly popular in the corporate sector, and it has an extremely high claim settlement ratio for its group plans. Let’s have a detailed look about the company and how it helps customers with their insurance requirements.

    Highlights of DHFL Pramerica Life Insurance Updated on 22 May 2019

    Percentage of Grievances Solved 99.75%
    Claim Settlement Ratio 96.62%
    Group Death Claims 99.47%
    Solvency Ratio 5.52 (for the quarter ended March 2018)

    DHFL Pramerica Life Insurance Company Plans

    The insurance plans offered by the company are listed below:

    Protection Plans Child Progress Plans Health Plans> Savings Plans Group Plans Online Savings Plans
    DHFL Pramerica Family First Plan DHFL Pramerica Future Idols Gold+ Plan DHFL Pramerica Dengue Shield Plan DHFL Pramerica Aajeevan Samriddhi Plan DHFL Pramerica Dengue Group Shield Plan DHFL Pramerica Life Flexi e-Term Plan
    DHFL Pramerica Family Income Plan DHFL Pramerica Rakshak Gold Plan DHFL Pramerica Flexi Cash Plan DHFL Pramerica Group Credit Life+
    DHFL Pramerica TruShield Plan DHFL Pramerica Rakshak+ Plan DHFL Pramerica Magnum Assure Plan DHFL Pramerica Group Term Plan
    DHFL Pramerica U-Protect Plan DHFL Pramerica Smart Fee Protect Plan DHFL Pramerica Premier Gain Plan DHFL Pramerica Life Group Term Care
    DHFL Pramerica Roz Sanchay Plan DHFL Pramerica Life Sarv Suraksha
    DHFL Pramerica Sahaj Suraksha Plan
    DHFL Pramerica Smart Assure Plan
    DHFL Pramerica Smart Cash Protect
    DHFL Pramerica Smart Income Plan
    DHFL Pramerica Smart Money Back Plan
    DHFL Pramerica Smart Wealth+ Plan
    DHFL Pramerica Wealth+ ACE Plan
    DHFL Pramerica e Save Plan

    Why you should choose DHFL Pramerica Life Insurance Company?

    DHFL Pramerica Life Insurance Company is a joint venture between DHFL Investments Limited and Prudential International Insurance Holdings, Ltd. Since its inception, the company, with its range of insurance solutions, has aimed to help consumers make a well-informed decision that can help them meet their financial goals and secure the lives of their dependants. Here are a few reasons to choose DHFL Pramerica Life Insurance Company as your insurance provider:

    • Claim Settlement Ratio:The combined Claim Settlement Ratio for both individual and group plans, for the financial year 2016-2017, is 98.8%. This high Claim Settlement Ratio is one of the reasons why the insurance company is one of the most preferred in India.
    • Customer Service Channels:The insurer provides speedy assistance to its customers through a range of channels. Customers can reach out to the insurer through the insurer’s official website, email them, call them on the toll-free number, SMS them, or walk into the nearest branch to have their queries resolved.
    • Tracking Applications:Customers can also track their application through the website by simply entering their application number.
    • Premium Payment Options:For added ease and convenience, customers are given a multitude of online and offline channels to pay their premiums. Policyholders can pay their premiums online through the insurer’s website, request for a cheque pick-up, walk-in to the nearest branch and pay via cash, credit card, cheque, or demand draft, pay at an AXIS Bank or SBI branch, pay through ECS, or NEFT.
    • Range of Plans:The insurer offers customers a wide range of plans. From Protection Plans to Child Progress Plans, these plans will meet your needs during the different stages of your life. The insurer’s plans help you secure your life and your dependents’ future.

    Awards and accolades

    Some of the awards won by the company in the recent times include:

    • In 2018, the company’s AceApp has received an award at the 2nd Digital Industry Awards for digital excellence in the insurance/finance category. This app is a mobile office on the go for agents working with DHFL Pramerica.
    • The company won an award for best marketing campaigns in the insurance industry from the Times Network. This award was endorsed by CMO Asia.
    • DHFL Pramerica has been recognised by the Microfinance Institutions Network as an Enabler to the Microfinance Industry for its Insurance services.
    • The company received an award for Outstanding Corporate Branding under Behtar India campaign from the Institute of Technology & Science, Ghaziabad.

    Different types of Policies provided by DHFL Pramerica Life Insurance Company

    Listed below are the various plans offered by the insurer:

    1. DHFL Pramerica Term Plans

    2. Protection plans offered by the insurer will help policyholders safeguard the lives of their family. Protection plans are term-based plans, offering you coverage for the duration of the policy term. In case the policyholder meets with an untimely death during the policy term, the insurer will pay a death benefit to the nominee, which can help the family tide over financially difficult times. The protection plans offered by the insurer are:

      Plan name Key Features
      DHFL Pramerica Family First Plan
      • If the policyholder passes away during the term of the policy, the insurer will pay a fixed monthly income till the end of the policy term.
      • In addition, a lump sum death benefit, which is equal to 20 times the monthly income, will be paid to the nominee.
      • Even if the death claim is made in the last 4 years of the policy term, the insurer will pay a guaranteed income to the nominee for 48 months.
      • Policyholders are given the option of enhancing their life cover with additional riders, such as the DHFL Pramerica Accidental Death Benefit Rider and the DHFL Pramerica Critical Illness Rider.
      • Policyholders can choose a policy term between 10 years to 30 years.
      • All premiums paid by the policyholder and payouts received are eligible for tax benefits under the prevailing tax laws of the Income Tax Act, 1961.
      DHFL Pramerica Family Income Plan
      • The policyholder can choose between a lump sum death benefit or a guaranteed monthly income, which the nominee will receive if something happens to the life assured.
      • The insurer will pay a guaranteed monthly income to the nominee till the policy term comes to an end. A minimum of 36 instalments will be paid by the insurer.
      • Policyholders can customize their policy by choosing additional riders - DHFL Pramerica Traditional Accidental Death Benefit Rider and DHFL Pramerica Traditional Critical Illness Rider.
      • The policyholder is entitled to tax benefits when covered by this policy.
      • Policyholders can choose a policy tenure of up to 30 years, based on their age at entry.
      DHFL Pramerica TruShield Plan
      • Policyholders are given the option of choosing between two types of death benefits – a Level Cover and a Reducing Cover.
      • Policyholders can choose a policy tenure of 10 years, 15 years, or 20 years.
      • If the life assured meets with an untimely death, the insurer will pay the nominee the life insurance cover and the Additional Shield Cover benefits.
      • If policyholder survives till the end of the policy tenure, the insurer will pay a maturity benefit, which will comprise all the premiums paid by the policyholder during the policy term (excluding extra premiums, if any).
      • Policyholders can choose whether they want to pay their premiums for a limited period or as a one-time payment.
      • All premiums paid and benefits received are eligible for tax benefits as per the prevailing tax laws.
      DHFL Pramerica U-Protect Plan
      • Life cover is provided to the policyholder at a very reasonable cost.
      • Non-smokers pay a lower premium, when compared to smokers.
      • Policyholders can customize their policy with an additional Accidental Death Benefit Rider and the Critical Illness Rider.
      • Policyholders are entitled to tax benefits, as per the prevailing laws of the Income Tax Act, 1961.
      • Policy takers can choose any policy tenure between 10 to 65 years, as per their needs.
    3. DHFL Pramerica Child Progress Plans

    4. Child Progress Plans offered by the insurer help you ensure that your child’s life is secure, no matter what happens in the future. The various Child Progress Plans offered by the insurer are listed below:

      Plan name Key Features
      DHFL Pramerica Future Idols Gold+ Plan
      • This policy addresses the immediate and long-term needs of your child, if something unfortunate happens to you.
      • The insurer will pay the nominee a death benefit along with any bonuses, if applicable. The death benefit is split into a Recurring Death Benefit, which is payable monthly, and a Final Death Benefit, which is paid at the end of the policy tenure.
      • Policyholders are given the option of choosing a Regular Premium Paying Term or a Limited Premium Paying Term.
      • Policyholders can take a loan against this policy.
      • All premiums paid by the policyholder are eligible for tax benefits.
      • Policyholders can choose a policy tenure of 15 years, 20 years, or 25 years.
      DHFL Pramerica Rakshak Gold Plan
      • Under this policy, the nominee receives three kinds of death benefits:
      • A lump-sum amount immediately after the death of the policyholder.
      • Regular fixed monthly incomes till the maturity of the policy.
      • A final death benefit, payable at the end of the policy tenure.
      • Policyholders receive a Guaranteed Maturity Benefit, at the end of the policy tenure.
      • Policyholders are entitled to an Annual Guaranteed Addition, which will be accrued to the policy after the end of every policy year.
      • Policyholders can pay their due premiums for a limited period of time, but enjoy the benefits of this policy for the entire policy tenure.
      • Loan facility against this insurance policy is available.
      • Premiums paid by the policyholder and benefits received by the policyholder are eligible for tax benefits under the Income Tax Act, 1961.
      • Policyholders can choose a policy term of 12 or 18 years.
      DHFL Pramerica Rakshak+ Plan
      • In the event of the policyholder’s untimely demise, the insurer will pay a death benefit and an Accrued Annual Guaranteed Addition to the nominee. In addition, the nominee will also receive a final death benefit and a monthly benefit, which will be paid until the end of the policy term.
      • A guaranteed maturity benefit will be paid to the nominee if he/she survives till the end of the policy tenure.
      • An Annual Guaranteed Addition will accrue to the policy at the end of every policy year.
      • Policyholders have the option of paying their premiums for only a limited period of time.
      • Policyholders can apply for a loan against this policy.
      • Tax benefits, as per prevailing tax laws, are provided to the life assured under this policy.
      DHFL Pramerica Smart Fee Protect Plan
      • In case the policyholder dies, the insurer will pay a monthly income to the nominee, which will increase at the rate of 5% p.a. This benefit will be paid till the end of the policy term.
      • Annual Guaranteed Additions get accrued at the end of every policy year to the Base Sum Assured.
      • Policyholders have an added benefit of availing loans against this policy.
      • Policyholders can also choose an optional rider to enhance the life cover provided by the insurer.
      • All payments towards and as a result of this policy are eligible for tax benefits, as per the prevailing tax laws of the Income Tax Act, 1961.
      • The policyholder also gets to choose the policy tenure and the Limited Premium Paying Term under this policy.
    5. DHFL Pramerica Health Plans

    6. Medical expenses, which can usually be quite high, usually put a dent on your savings and investments. Health insurance plans ensure that even if you or your beneficiary fall ill and require hospitalization, your medical expenses will be taken care of the insurer.

      Plan Name Key Features
      DHFL Pramerica Dengue Shield Plan
      • Policy takers are guaranteed a quick policy issuance, without a long approval process and lengthy paperwork requirements.
      • Prospective policy buyers can purchase this plan online.
      • No medical tests are required before purchasing this policy.
      • The coverage amount and extent of coverage are fixed and will be communicated to the policy taker while purchasing the policy.
      • Regardless of claims made under any other health insurance policy, policyholders are guaranteed a benefit, on the diagnosis of Dengue.
      • Policyholders have the flexibility of paying their premiums annually, semi-annually, or monthly.
      • For the family cover, a maximum of 6 family members can be enrolled under this policy.
      • Policyholders can choose to pay their premiums on a regular basis or as a one-time lump sum payment.
    7. DHFL Pramerica Savings Plans

    8. Savings plans help consumers meet their long-term goals by putting away a small sum of money as a premium on a regular basis. The Savings Plans offered by the insurer are listed below:

      <
      Plan name Key Features
      DHFL Pramerica Aajeevan Samriddhi Plan
      • This is a whole-of-life plan that will guarantee risk cover to the policyholder till he/she is 99 years of age.
      • The death benefit increases as your age advances.
      • Policyholders are entitled to Guaranteed Additions that will be accrued to the policy, for the first five years of the policy tenure.
      • Policyholders receive a lump sum payout, which includes the Annual Guaranteed Additions and Reversionary Bonuses, both of which are accrued, once they reach the age of 65 years.
      • On attaining 99 years of age, policyholders receive the basic Sum Assured and any final bonuses, which they might be eligible for.
      • Nominees are guaranteed a basic death benefit, from the end of the premium paying term till the end of the policy tenure.
      • Policyholders can avail a loan against this policy.
      • Policyholders can opt for a Limited Premium Paying Term of 15 or 20 years and enjoy life cover for their entire life.
      • Policyholders are eligible for tax benefits under this policy.
      DHFL Pramerica Flexi Cash Plan
      • Policyholders can choose a Limited Premium Paying Term of 5, 10, or 15 years.
      • With the Flexi Benefit option, policyholders can prepone their policy’s date of maturity.
      • During the Premium Payment Term, the life assured is entitled to receive a benefit of 10% of the Annualised Premium, from the 2nd policy year.
      • Policyholders are also eligible for bonuses – the Compound Reversionary Bonus and the Final Bonus – which can help increase their corpus.
      • Loan facility is available under this policy.
      • Tax benefits, as per prevailing tax laws, are also available under this policy.
      DHFL Pramerica Magnum Assure Plan
      • Policyholders can select a policy term of 10 or 15 years.
      • In case the policyholder dies during the policy term, the insurer will pay a death benefit by way of a guaranteed monthly income.
      • If the policyholder survives till the end of the policy tenure, the insurer will pay a maturity benefit as a monthly payout to the policyholder.
      • Policyholders have the flexibility of paying their premiums annually or monthly.
      • A loan against this policy can be availed after the policy has acquired a Surrender Value.
      • Premiums paid and benefits payable will be eligible for tax benefits under Section 10(10D) and Section 80(C), Income Tax Act, 1961.
      DHFL Pramerica Premier Gain Plan
      • Policyholder can choose a policy term of 10, 15, 20, or 25 years.
      • The insurer will pay a death benefit, which will include:
      • Death Sum Assured
      • Accrued Reversionary Bonuses
      • Interim and Final Bonuses
      • The policy offers flexible Premium Payment Term options, which the policyholder gets to choose from.
      • Loan facility and tax benefits are provided to the policyholder under this policy.
      • For policy tenure of 15 years and higher, policyholder can pay premiums on an annual, bi-annual, quarterly, or monthly basis.
      DHFL Pramerica Roz Sanchay Plan
      • The life cover provided by the policy guarantees the nominee a death benefit and Accrued Annual Guaranteed Addition, if the policyholder dies during the policy term.
      • The Base Death Benefit increases by 5% every policy year.
      • Maturity benefit, which comprises 150% of the Base Sum Assured and Accrued Annual Guaranteed Additions, will be paid to the policyholder, at the end of the policy term.
      • Policyholder can choose between policy terms and premium paying terms.
      • Premiums can be paid on a yearly, half-yearly, or quarterly basis.
      • Policyholders are given a loan facility once the policy has acquired a Surrender Value.
      • Tax benefits are provided to the life assured.
      DHFL Pramerica Sahaj Suraksha Plan
      • Life cover is provided to the policyholder till 75 years of age.
      • If the policyholder dies during the policy term, the death benefit paid will be the sum of:
      • Death Sum Assured
      • Accrued bonus
      • Interim bonus, if applicable
      • Final bonus, if applicable
      • Policyholders can pay their premiums for a tenure of 15 or 20 years, and enjoy life cover till the end of the policy term.
      • If the policyholder survives till maturity of the policy, he/she will be paid a maturity benefit, which includes:
      • Basic Sum Assured
      • Accrued Reversionary Bonuses
      • Final Bonus, if eligible
      • The option to apply for a loan against this insurance policy is provided to the policyholder.
      • All premiums paid are eligible for tax benefits, as per the prevailing tax laws.
      DHFL Pramerica Smart Assure Plan
      • Policyholders must choose a Base Sum Assured at the beginning of the policy tenure. Base Sum Assured for Limited Premium Payment option is Rs.75,000 and for Regular Premium Payment option is Rs.1,00,000.
      • A death benefit which includes the Death Sum Assured and Accrued Maturity Additions will be paid to the nominee.
      • If the policyholder survives till maturity, he/she will receive a maturity benefit from the insurer.
      • Maturity Additions (MA) will be accrued at the end of each policy year and will result in a higher death/maturity benefit.
      • Policyholders may take a loan against this policy.
      • Tax benefits will be given to the policyholder.
      DHFL Pramerica Smart Cash Protect
      • This is a Participating, Endowment cum Insurance Plan.
      • This policy provides long-term life cover.
      • Limited Premium Paying Term option of 12, 15, or 20 years are given to the policyholder.
      • Death Benefit paid by the insurer will include:
      • Death Sum Assured
      • Accrued Reversionary Bonus
      • Final Bonus, if any
      • Policyholders will receive a guaranteed annual payout of 6% of the Sum Assured, from the end of the 16th policy year till maturity/death of the policyholder.
      • Insurer will pay a Survival Benefit to the policyholder after the 15th policy year.
      • An annual bonus will be paid by the insurer from the completion of the 16th policy year till maturity or death of the life assured.
      • Loan can be taken against the policy.
      • The policyholder is entitled to receive tax benefits under this plan.
      DHFL Pramerica Smart Income Plan
      • This policy is Non-Participating, Endowment Insurance Plan.
      • Policyholders can choose a policy term from 7 to 20 years.
      • Policyholders can choose their preferred Premium Paying Term.
      • The insurer will pay the nominee a lump sum death benefit. The death benefit will be the highest of:
      • The Base Sum Assured
      • Maturity Sum Assured
      • 105 times the premium paid from the inception of the policy till death
      • If the policyholder survives till the end of the policy tenure, he/she can choose to receive the maturity benefit as a lump sum amount or as fixed maturity payouts. The tenure of these payouts will be the same as the Premium Payment Term.
      • Policyholders can take a loan against this policy.
      • Policyholders are entitled to receive tax benefits under this policy.
      DHFL Pramerica Smart Money Back Plan
      • This is a Participating, Endowment Plan.
      • Policyholder will receive guaranteed money backs, during the policy tenure.
      • Policyholder can choose a policy tenure of 16 years or 20 years.
      • If the policyholder dies, the nominee will receive a death benefit, which includes the Death Sum Assured and all bonuses, which are applicable.
      • A survival benefit will be paid at regular intervals, during the tenure of the policy.
      • A maturity benefit will be paid if the policyholder survives till maturity of the policy.
      • Policyholders are eligible to receive a Compound Reversionary Bonus, Interim Bonus, and a Final Bonus.
      • Tax benefits are provided to the insured for premiums paid, money back amounts and benefits.
      • Loan facility is also available.
      DHFL Pramerica Smart Wealth+ Plan
      • This is a Non-Participating, Unit Linked Insurance Plan.
      • Policyholders can choose to pay premiums for the entire duration of the policy or for a limited period of the policy tenure.
      • Policyholders can customize their policy by purchasing an add-on DHFL Pramerica Unit Linked Accidental Death Benefit Rider.
      • Policyholders have the option to choose between debt funds, balance funds, growth funds, and large cap equity funds to invest in.
      • If the policyholder dies during the policy tenure, a death benefit will be paid to the nominee.
      • On maturity of the policy, the insurer will pay the fund value to the life assured.
      • The plan comes with a policy term of 20 years and a premium paying term of 5, 10, 15, 20 years.
      • You can choose to safeguard your funds with the Fund Conservation at Maturity option, provided to you by the insurer.
      • The policyholder can partially withdraw funds after the completion of 5 policy years.
      DHFL Pramerica Wealth+ ACE Plan
      • This is a Single Premium, Unit Linked Insurance Plan.
      • A one-time premium payment will allow the policyholder to enjoy the benefits and life cover throughout the policy tenure.
      • From the 10th policy year, for every 5 years, the insurer will add Persistency Units to your account.
      • Policyholders can enhance their life cover by way of the DHFL Pramerica Unit Linked Accidental Death Benefit Rider.
      • If the policyholder survives till maturity of the policy, he/she will be paid the fund value and any Persistency Units that he/she may be eligible for.
      • A death benefit that’s the highest of the Sum Assured, the Fund Value, or 105% of the total premiums paid, will be paid to the nominee.
      • The policyholder can choose between four investment strategies – Debt fund, Balance fund, Growth fund, or Large Cap Equity funds.
      • The policyholder can choose a policy term of 10, 15, 20, or 25 years.
      DHFL Pramerica e Save Plan
      • This is a Non-Participating, Endowment Insurance Plan.
      • The key benefit of this policy is that prospective policy takers can buy the policy online.
      • Policyholders are informed of the maturity benefits they will receive, right at the start.
      • The life assured can apply for a loan against this policy.
      • Policyholders are eligible for tax benefits, as per the prevailing laws of the Income Tax Act, 1961.
      • The death benefit paid by the insurer will include the Death Sum Assured and Accrued Annual Guaranteed Additions.
      • On maturity of this policy, the insurer will pay the policyholder the Base Sum Assured and the Accrued Annual Guaranteed Additions.
      • Policyholders can pay their premiums on an annual, bi-annual, quarterly, or monthly basis.
      • Premiums paid towards this policy are eligible for tax benefits, as per the prevailing tax laws.
    9. Group Plans

    10. As the name suggests, group insurance plans provide insurance coverage to a group of people. Group insurance plans are usually purchased by corporates to provide a cover to their employees. These plans are a great way for the employer/master policyholder to ensure the loyalty of members. The insurer offers the following group plans:

      Plan Name Key Features
      DHFL Pramerica Dengue Group Shield
      • This is a yearly renewable, fixed benefit, group health insurance plan.
      • Employees/members will be insured for an amount chosen by the employer at the time of purchasing the policy.
      • If member is diagnosed with dengue, he/she will be paid a lump sum amount, which is equal to the Sum Insured, by the insurer.
      • Family members of employees can also be covered under this policy.
      • Participation of members under this policy can be voluntary or compulsory, subject to the employer/master policyholder’s discretion.
      • For this group scheme, a minimum of 50 members are required to be enrolled.
      • No maturity benefit will be paid on completion of the policy tenure.
      • The waiting period for this policy is 15 days. No claims can be made during the waiting period.
      DHFL Pramerica Group Credit Life+
      • This is a non-linked, non-participating, single premium, decreasing term group life insurance plan.
      • You only need to pay once to stay protected for the whole of the policy tenure.
      • This policy will cover the liabilities of your member, including but not limited to pending house loan amount, car loan amount, etc.
      • Policyholders have the flexibility to choose between two plan options.
      • Policy only requires a nominal payment but provides high coverage.
      • Insurer offers Accidental Total and Permanent Disability Benefit and Terminal Illness Benefit to the member.
      • The application process is hassle-free.
      • If there are joint borrowers, both are provided the Joint Life First Death option or Loan Share Percentage option.
      • The member is provided the option to surrendering the policy during the policy tenure. Surrender Value that the policy has acquired will be payable to the member.
      • Tax benefits as per the prevailing tax laws will be given to the member.
      DHFL Pramerica Group Term Plan
      • This is a One-Year Renewable, Group Term Life Insurance Plan.
      • If the member/employee dies during the policy term, Sum Assured will be paid to the nominee.
      • This plan can be renewed annually.
      • The insurer will issue just one main policy document to the master policyholder, which will cover all eligible members.
      • There are various schemes under this policy – Employer-Employee Scheme, Employee Deposit Linked Insurance Scheme, and Non Employer-Employee Scheme.
      • No maturity benefit will be provided to the member, under any of the schemes mentioned above.
      DHFL Pramerica Life Group Term Care
      • This policy is a Non-Linked, Non-Participating, Single Premium, Group Term Insurance Plan.
      • If the member meets with an untimely death, a Sum Assured as per the initial amount chosen will be paid to the nominee.
      • Policyholders can pay just once and enjoy protection during the entire tenure of the policy.
      • The insurance policy application process is hassle-free and convenient.
      • There is no maturity benefit under this policy.
      • Members can avail a tax benefit, as per the prevailing income tax laws.
      DHFL Pramerica Life Sarv Suraksha
      • This is a Yearly Renewable, Group Term, Micro Insurance Policy.
      • This group scheme provides life insurance at a reasonable cost.
      • A master policy, which is issued to the employer, covers all members.
      • Cover for co-borrowers can be availed under the Joint Basis option.
      • All premiums paid towards this policy are eligible for tax benefits, as per the prevailing tax laws.
      • If the member dies, the insurer will pay a Sum Assured to the nominee.
      • There is no maturity benefit under this policy
    11. DHFL Pramerica Online Plans

    12. :These plans can be bought on the insurer’s website, directly by the policy taker. Since the purchase of the policy happens digitally, the policyholder saves precious time by avoiding a lengthy application process with too much paperwork.
      Plan Name Key Features
      DHFL Pramerica Life Flexi e-Term Plan
      • Policyholder are guaranteed a comprehensive life cover at a reasonable price.
      • Policyholders can choose how they want to receive their payouts – fixed or increasing, lump sum or staggered, etc.
      • You can increase your life cover, as and when the need arises.
      • Policyholders can enhance their life cover with the Accidental Death Benefit, Terminal and Critical Illness options.
      • All premiums paid and benefits received by the policyholder are entitled to tax benefits.
      • The policyholder can choose between 5 different plan options:
      • Option 1: Life Cover
      • Option 2: Life Cover + Terminal Illness Cover
      • Option 3: Life Cover + Terminal Illness Cover + Accidental Death Cover
      • Option 4: Life Cover + Terminal Illness Cover + Critical Illness Cover
      • Option 5: Life Cover + Terminal Illness Cover + Critical Illness + Accidental Death Cover

    How to File a Claim with DHFL Pramerica Life Insurance Company

    The insurer offers a speedy 3-step process for claims submission:

    • Step 1: Firstly, the nominee needs to intimate the insurer of the upcoming claim. The following documents/details need to be provided to the insurer:
    • Date of death/Date of illness
    • Policy number
    • Name of the policyholder and the nominee
    • Contact number and address of the person doing the intimation

    Customers are also provided multiple channels to intimate the insurer of the claim.

    • Online claim intimation can be done via the insurer’s website
    • Customer can walk into any of the insurer’s branches across the country and intimate the team.
    • Customers can send an email to the team, intimating them of the claim.

    Once the company has received the intimation, the insurer will send the customer an acknowledgement letter.

    • Step 2: Collect and fill the relevant claims forms. Customers can get the relevant claims form through the insurer’s website, any DHFL Pramerica branch, or through one of the insurer’s representative. If you need any further assistance, you can contact them on 1800 102 7070.

    Post this, you can submit the claims form and all relevant documents to the Claims Helpdesk at any one of the insurer’s branches.

    • Step 3: The claims process will start as soon as the insurer receives all the necessary documents and forms. A final decision will be communicated to the policyholder within 30 days of receipt of the documents.

    Claim settlement ratio of DHFL Pramerica Life Insurance

    DHFL Pramerica continues to grow in India with an increasing customer base every year. The company has a simple and hassle-free claim settlement process to ensure full satisfaction for its customers. The company’s claim settlement ratio for the fiscal year 2017-18 is given as follows:

    No. of claim received No. of claims paid Claim settlement ratio
    592 572 96.62%

    The company’s claim settlement ratio trend since 2011 is as follows:

    Year 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
    Settlement Ratio 24% 27% 22% 57% 84% 91% 99%

    Documents Required for Buying a DHFL Pramerica Life Insurance Policy

    While the documents required for specific DHFL Pramerica insurance policies might vary, listed below are the basic documents that you will be required to submit for all plans:

    • Identity Proof
    • Age Proof
    • Income Proof
    • Address Proof
    • PAN Number, found on the PAN card

    How to Check Policy Status

    The customer can check his/her policy status by signing in on the insurer’s website and clicking on the respective option. Policyholders can also check the status of their policy by emailing the Customer Service team on their dedicated email ID, or call the toll-free number 1800 102 7070.

    Alternatively, the customer can also request for a call-back through the insurer’s website or visit any of the insurer’s branches for details about their policy.

    DHFL Pramerica Life Insurance Company Online Premium Payment

    Customers can always choose to make their premium payments through traditional means, such as by paying cash, a cheque, or a Demand Draft in any of the insurer’s branches. However, to make the premium payment process more convenient and hassle-free, the insurer has provided customers the option to pay their premiums online.

    To pay your premium online, simply visit the insurer’s website, and click on the ‘Pay Online’ tab located on your right. Once you provide all the necessary details, such as your application/policy number, name, etc., you can make your payment. The insurer accepts payments made through Net Banking, Debit Cards, Credit Cards, mobile wallets and Paytm.

    DHFL Pramerica Life Insurance Premium Calculator

    DHFL Pramerica Life Insurance Company makes it convenient for prospective customers to calculate the premium amount that they will have to pay for various policies. The company has an Online Premium Calculator for each insurance product. In order to compute the premium amount, the policy taker needs to provide a few details of themselves, such as, the current age, the number of years for which coverage is required, premium payment mode, monthly income, etc.

    DHFL Pramerica Life Insurance Company FAQs

      1. How long will it take the insurer to settle my claim?

      The insurer is committed to settle claims in a timely and hassle-free manner, so as to not inconvenience policyholders or their nominees. The settlement timelines will vary based on what kind of claim you are making. However, the time required to settle claims will be lesser if you provide all necessary documents, at the start. For more information on the same, ensure you visit the insurer’s website.

      2. When will I be informed of my claim decision? And, how will the payment be made?

      The insurer will send you a letter informing you of the decision pertaining to your claim on your given communication address, as soon as a decision has been made. The insurer will make the payment electronically, via NEFT.

      3. What are the ways through which I can pay premiums?

      You can choose to walk into any one of the insurer’s branches and make the payment via cash, cheque, or DD. You also have the added benefit of making your premium payments digitally on the insurer’s website, through net banking, debit/credit card payments, mobile wallets and Paytm.

      4. Can I take a loan against a DHFL Pramerica Life Insurance policy?

      The facility to take a loan against an insurance policy does not apply to all DHFL Pramerica Life Insurance policies. Term-linked plans and most ULIPs don’t provide policyholders a loan facility. However, if you have an endowment plan, a savings plan or a Child Progress plan, you can take a loan after your policy has acquired a Surrender Value. You will find more details about this in your policy brochure.

      5. What is the claim submission process?

      In order to have your claims settled, you need to, first, intimate the insurer of the claim. You can choose to do the claim intimation online or offline. Post this, you will have to collect the relevant claim forms and fill it in legible writing. After you have submitted the forms to any of the branches, the insurer will start the claims process. You will be informed of the insurer’s decision within 30 days from the date of receipt of your claims documents.

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.

    News on Life Insurance

    • DHFL Pramerica sets up special help desk

      The MD and CEO of DHFL Pramerica Life Insurance Company Ltd., Anoop Pabby, stated that a special help desk has been set up in the states of Andhra Pradesh and Tamil Nadu for the cyclone-affected policyholders in the area. In order to expedite the claim settlement process, the claims procedure has been simplified and nodal officers have been appointed to supervise the claims process. Pabby expressed his condolences to individuals who lost their family members in the cyclone and stated that they have made the claims process simpler so that nominees may receive the benefits quicker to manage their immediate expenses.

      10 January 2019

    • DHFL Pramerica’s new ad film out

      The well-known life insurance company, DHFL Pramerica, released the third film as part of its new digital campaign to make people understand how important life insurance in a person’s life is. The campaign has been conceptualised by the ad agency, Webenza India Private Limited. The premise of each of the films, that was released as part of the campaign, is that Indians tend to procrastinate their daily tasks including buying a life insurance policy. The company, thus, emphasises on the fact that the more a person delays getting a life insurance policy, the more expensive the insurance policy will cost. In the ad, the procrastination of Indians has been personified. In each of the ads, the lead pushes an important task for later and prefers an easier task for the day.

      The CEO and MD of DHFL Pramerica, Anoop Pabby, said that the campaign is a wake-up call to all those who are pushing life insurance purchase for another day. He says that if a person pushes the task for too long, policies will cost more than he/she can afford or will not be available to him/her at all due to his/her age or health condition.

      14 December 2018

    • DHFL Pramerica registers 70% new business through AceApp

      DHFL Pramerica Life Insurance has stated that nearly 70% of the company’s new businesses come through its mobile application ‘AceApp’, which was launched in 2017. This digital tool has helped the company simplify its customer interaction and other sales procedures.

      Given the complex nature of the life insurance business, the company launched this application to help its salesforce. The company’s Chief Marketing & Digital Officer stated that the use of digital tools has significantly helped the company. Since the app takes care of all end-to-end sales processes, the complex nature of life insurance products has been simplified for customers.

      Customers can try out multiple options offered by the application on product types and premium payment. Most importantly, the application has simplified the documentation process, which still continues to be one of the tedious tasks in the life insurance industry

      7 December 2018

    • DHFL Pramerica releases another advertisement as part of their campaign

      DHFL Pramerica has revealed yet another film which is a part of a three-film campaign that urges Indians to stop procrastinating and buy a life insurance policy on time. Each of the three films portrays three different situations where the lead tends to postpone an important task to another day. The objective of the campaign is to help people realise that they should stop pushing important purchases to another day and buy a life insurance policy at the earliest. The company has observed that people do not understand the importance of a life insurance plan until they face a crisis situation. Not buying a life insurance policy only has a negative impact, especially on the family members of the breadwinners. Hence, the film that promotes DHFL Pramerica life insurance plans, asks people to realise the value and need of a life insurance policy and act fast so that one’s family’s future is financially secure.

      22 November 2018

    • DHFL Pramerica opens application gates for their community awards

      DHFL Pramerica Life Insurance has been conducting The Prudential Spirit of Community Awards (SOCA) for 23 years in the USA and introduced the same in India in the year 2010. SOCA basically recognises school-going children who have voluntarily done community service that has had an impact on the society. The applications are open for students from standard 6 to standard 12. Winners of the individual, as well as group categories, will receive medallions and a cash prize of Rs.50,000. Participating schools and Principals of the nominees will receive Certificates of Participation and Certificates of Merit respectively. The winners will get an opportunity to represent the country in the SOCA awards held in Washington. They will also win a return trip back from Washington. In the last 8 years, 30,000 students have participated in the programme and 700 students have been recognised for the quality community service they did that helped the society. Saina Nehwal has been chosen as the ambassador for the initiative as she is considered a role model for youngsters today. Interested students can nominate themselves for the programme by applying on the official SOCA website. The last date to complete the application process is December 31.

      21 November 2018

    • DHFL Pramerica Life Insurance launches #KalSePehle ad campaign

      DHFL Pramerica Life Insurance has launched a 60-day digital campaign, which is titled ‘#KalSePehle’ to encourage people to purchase life insurance. The ad campaign targets the habit of procrastination and making excuses with a relatable example to emphasize that fact that we should all act now. The ad intends to encourage people to stop putting off important decisions and to purchase life insurance in a timely manner.

      As per the Bombay Stock Exchange (BSE) filings, DHFL Pramerica Life Insurance registered a 73% growth in its net profit at Rs.106 crore in FY18. The private-sector life insurance company collected a sum of Rs.1,450 crore in new business premium during the fiscal. The insurer has claimed to have added a total of 43,000 new retail customers during the first half of FY18-19, with an 80% renewal rate and 22% growth rate.

      7 November 2018

    • DHFL Pramerica Life Insurance organises Go Green Summit

      DHFL Pramerica Life Insurance recently organised the fifth edition of the Behtar India Go Green City Summit in Mumbai. The event was organised at Pawar Public School. The campaign aims to bring together different sections of the society to work collaboratively in the fields of environment, hygiene, and health. The campaign has helped in saving over 9,600 trees so far, in addition to saving over 1 crore litres of water. As part of the campaign, over 16,000 dengue protection kits have also been given to children from under-privileged backgrounds

      2 November 2018

    *The customer reviews/feedback/opinions expressed on this website are solely of their authors and do not reflect, in any way, the view of BankBazaar Insurance.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.