DHFL Pramerica Child Plans

Life can be very unpredictable and this cannot be contested in any way. Your life is at risk constantly as we go about the day doing our day-to-day duties. Financial security can be a major concern to a lot of us as life can get very difficult if you do not have the funds for your regular duties. A person on average spends more than half of his/her take-home money on their child's education. But what do you do when you do not have the funds to meet the needs and requirements of your child's education? Although this situation can be quite worrisome at times, there are various ways we can safeguard ours and our family's security by taking out an insurance plan. Child Plans offered by DHFL Pramerica offers a wide range of security and benefits that can be availed by a policyholder. Some of the insurance plans offered by DHFL Pramerica are:

• DHFL Pramerica Future Idols Gold+
• DHFL Pramerica Rakshak Gold
• DHFL Pramerica Rakshak+
• DHFL Pramerica Smart Fee Protect

Benefits of DHFL Pramerica Child Plans

Some of the benefits of owning a DHFL Pramerica Child Plan is listed below:

• Assured protection is provided for any of your family's financial needs if you meet with an unfortunate event
• Simple application procedure and renewability
• Option to avail additional riders for extra benefits
• You can remain to be financially independent after you have stopped earning your regular monthly salary

List of Child Plans offered by DHFL Pramerica

DHFL Pramerica Future Idols Gold+

You can help secure your child's future by planning ahead of time and purchasing a DHFL Pramerica Future Idols Gold+ plan. This plan provides all the necessary financial security that your child will require in their pursue of a good education. With this plan, an individual will be able to decide the time of payout of the plan. You can decide on the payout time depending on the need such as higher education, tuitions, etc.

Benefits and Features of DHFL Pramerica Future Idols Gold+

• This plan provides a comprehensive cover that caters to the needs and requirements of your family in case you meet with your demise
• The plan provides enhanced death benefits which would include an Accrued Reversionary bonus as well as a Final bonus if applicable
• You will not have to depend on your relatives or family members to take care of your child's future education expenses
• You can avail tax benefits with this plan
• You are also provided with flexibility to borrow loans against the policy
• The insurer provides convenient modes of premium payment as well as terms of premium payment

Age of Entry	Policy Tenure	Premium Payment Frequency	Sum Assured
Minimum: 18 years Maximum: For Policy Term of 15 years: 50 years For Policy Term of 20 years: 45 years For Policy Term of 25 years: 40 years	15, 20, and 25 years	Monthly, Half-Yearly, and Yearly	Minimum: Rs.1.5 lakh Maximum: Rs.5 crore

DHFL Pramerica Rakshak Gold

This plan offers a comprehensive life insurance cover for your child's needs and requirements. This is a non-participating guaranteed endowment life insurance plan which offers a comprehensive life insurance cover that aids in keeping your child's future financially secure. With this plan, you can make a decision on the amount of money that needs to be kept aside to meet your child's future requirements.

Benefits and Features of DHFL Pramerica Rakshak Gold

• A lump sum of money is payable to the immediate family of the policyholder in case the life insured meets with an unfortunate demise
• A maturity benefit is guaranteed to the life insured once the tenure of the policy runs out
• Annual Guaranteed Additions will accrue for every policy year and this addition will also increase every 3 policy years
• You can avail tax benefits with this plan
• You will not have to depend on your relatives or family members to take care of your child's future education expenses
• You are also provided with flexibility to borrow loans against the policy
• Loans are also available which can be borrowed against the policy
• Guaranteed Maturity Multiple or GMM is also a available and this is dependent on the term of the policy

Age of Entry	Policy Tenure	Premium Payment Frequency	Sum Assured
Minimum for 12 year term: 18 years Maximum for 12 year term: 53 years Minimum for 18 year term: 18 years Maximum for 18 year term: 47	12 years and 18 years	Monthly, Half-Yearly, and Yearly	Minimum Base Sum Assured: Rs.75,000 Maximum Base Sum Assured: Rs.5 crore

DHFL Pramerica Rakshak+

This is a guaranteed endowment non-participating insurance plan that offers comprehensive cover and protects the future of the life insured's child. A large sum of money will be payable to the family of the life insured at the time of maturity of the plan or if the policyholder meets with an untimely demise.

Benefits and Features of DHFL Pramerica Rakshak+

• A comprehensive cover, this plan provides a lump sum of money at the end of the policy term or if the policyholder meets with an untimely demise
• A Guaranteed Maturity Benefit is payable to the life insured at the outset of the policy so that the policyholder knows exactly what he/she is entitled to
• Annual Guaranteed Additions are also provided and this increases every 3 policy years
• A policyholder can avail tax benefits with this plan
• The policyholder will not have to depend on their relatives or family members to take care of your child's future education expenses
• The life insured is also provided with flexibility to borrow loans against the policy

Age of Entry	Policy Tenure	Premium Payment Frequency	Sum Assured
Minimum: 18 years Maximum: 55 years	10 years, 15 years, and 20 years	Monthly, Half-Yearly, and Yearly	Minimum Base Sum Assured: Rs.1 lakh Maximum Sum Assured: Rs.5 crore

DHFL Pramerica Smart Fee Protect

This is a non-participating endowment insurance plan that addresses any doubts or financial concerns that a policyholder could have regarding his/her child's education. It is an affordable and simple plan that is straightforward and allows your child to continue to be educated at his/her standard without much compromise.

Benefits and Features of DHFL Pramerica Smart Fee Protect

• Your child will continue to enjoy the standard and benefits of education that they are used to without any compromise
• Provisions for monthly income is provided
• You will not have to depend on your relatives or family members to take care of your child's future education expenses
• Get a corpus amount of money with Annual Guaranteed Additions along with the Base Sum Assured
• Loan facility is available
• Improve your policy by purchasing riders to help increase the benefits that you are eligible for under this plan
• A lump sum of money consisting of the Base Sum Assured and Annual Guaranteed Additions which will be accrued during the term of the policy and this will be payable to the policyholder as a maturity benefit
• You can avail tax benefits with this plan

Age of Entry	Policy Tenure	Premium Payment Frequency	Sum Assured
Minimum: 18 years Maximum: 50 years	10 years and 15 years	Monthly, Half-Yearly, and Yearly	Minimum: Rs.1,68,000 Maximum: No Limit

Why do we need a DHFL Pramerica Child Plans?

Quality products, robust customer service and latest technology are some of the reasons why DHFL Pramerica’s products are highly sought after. The company was founded in 1984 and has strived to produce quality products and provide the best possible service to the company's large customer base. Individuals can avail plans and even pay for them online without having to visit the office directly.

With the rising costs of education, it can become a financial nightmare to ensure that your child gets the best education that is offered. These plans could even last until your child finishes their higher studies as well. There are times where people have saved enough of money for their child's future but due to an unfortunate circumstance, that money would have been used up before the child's education has been completed. To avoid such scenarios, an individual can take up a Child Plan that is offered by DHFL Pramerica. A lump sum of money is paid out at the time of death of the policyholder and this money can either be used to fund the child's education and dreams or can also be reinvested until the opportune moment.