DHFL Pramerica Group Plans

Employees are the reason behind a company’s success. If the employees are happy and well taken care of, they are at their productive best. Therefore it is extremely essential for employers to ensure their employees’ well-being especially when it comes to their financial security. One of the best ways to do this is to avail Group Insurance Plans for them.

DHFL Pramerica provides some of the best group insurance products in the market which is designed to take care of the employees’ financial well-being and security. This plan is also extremely advantageous for employers as they stand to receive a number of benefits. These plans would be a part of the benefit package and also helps to increase employee retention and satisfaction. Additionally, tax benefits can also be availed on the same.

DHFL Pramerica provides five plans under its Group Insurance portfolio and these are -

• DHFL Pramerica Dengue Group Shield
• DHFL Pramerica Group Credit Life
• DHFL Pramerica Group Term Plan
• DHFL Pramerica Life Group Term Care
• DHFL Pramerica Life Sarv Suraksha

Benefits of the DHFL Pramerica Group Plans

DHFL Pramerica Group Plans provide the following benefits -

• These plans ensure the financial well-being and security of the employees thereby increasing employee retention and satisfaction.
• These plans provide the protection of an insurance policy at an economical cost.
• Group Plans by DHFL Pramerica provide coverage at all times of the day, all days of the week at any location in the world.
• Tax benefits can be availed and claim proceeds are exempt from tax in case of member’s death during tenure of the policy.
• State-of-the-art technology, hassle free claims process and a robust customer care service is an added advantage with Group plans from DHFL Pramerica.

List of Group Plans by DHFL Pramerica

DHFL Pramerica Dengue Group Shield

The Dengue Group Shield plan by DHFL Pramerica is a fixed benefit health insurance plan that is yearly renewable and designed to cover members against the impact of dengue during the recovery and illness process.

Benefits and Features of the DHFL Pramerica Dengue Group Shield

• This is part of an overall benefits package for the group.
• Dengue Group Shield cover Employees, Employer(s) and Affinity Groups.
• This plan is renewable every year and is a One Year Fixed Benefit Group Health Plan.
• Members will have the option to have their family members covered under the Master Policy.
• Based on the needs and requirements of the group, the Sum Insured is flexible.
• Individual medical underwriting is not required.
• Upon diagnosis of Dengue Fever, a lump sum benefit will be provided that is equal to the Sum Insured amount chosen. This is subject to certain conditions, however.
• Administration is convenient as one single Master Policy covers the needs of the entire group.
• Tax benefits can also be availed under this policy.

Age at entry (in years)	Policy Tenure	Sum Assured	Size of Group	Premium Payment Frequency
Minimum - 91 days Maximum - 65 as on the last birthday of the individual	One year renewable	Minimum - Rs.10,000 Maximum - Rs.50,000	Minimum - 50	Annual/Semi-annual/Monthly/Quarterly

DHFL Pramerica Group Credit Life

This policy comes with a number of benefits for both members as well as policyholders. This plan in essence acts as a protection against the customer’s loan liabilities also provides a terminal illness cover.

Benefit and Features of the DHFL Pramerica Group Credit Life

• For Master Policyholders
  • This plan ensures that all Master Policyholders can avail protection against the loan liabilities of the customer.
  • This plan is great for retaining customer loyalty.
  • Documentation is hassle-free and quick, negating the need to wait for a long period of time.
• For Members
  • This plan ensures protection for the member's’ family against his/her loan liabilities.
  • Group Credit Life plan can be availed at a very low cost.
• Other Benefits
  • There are two plan options to choose from wherein Plan A provides a Base Life Cover along with Reducing Sum assured option and Plan B provides Enhanced Life Cover with a Reducing Sum Assured option along with extra benefits for those who have availed education and home loan options.
  • This plan provides protection that is equal to the loan amount that is outstanding, based on benefit schedule.
  • Premium payment can be done in one go and the option to include the same as part of the EMI is also available.
  • The Group Credit Life plan provides a cover for terminal illness.
  • Individuals have the option to avail a cover continuation option even after the loan has been repaid fully.
  • Tax benefits can also be availed for this plan.
  • The cover will be equal to the Sum Assured amount chosen, during the moratorium period.

Parameters	Minimum	Maximum
Age of Entry (in years) as on last birthday	Plan A 14 for education loan 18 for other loans Plan B 18 for all loans	65
Expiry Date (in years) as on last birthday	70
Policy Tenure	2 years	Home Loan - 30 years Education/Property/Business/Vehicle Loans - 15 years Car/Three Wheeler/Two Wheeler/Tractor/Consumer Durable/Farm Equipment - 10 years Policy Tenure can be chosen in multiple of 1
Premium Payment Tenure	Single Premium
Sum Assured	Rs.10,000	Plan A - Base Cover has no limit but is subject to underwriting. Plan B - Enhanced Cover has a maximum of Rs.2 crores for a member
Size of the Group	50	No limit

DHFL Pramerica Group Term Plan

This plan provides security to all members who have availed the plan along with their family members and is a part of the overall benefits package for the group members. This plan covers all schemes such as Employer-Employee Scheme, Non Employer-Employee Scheme and Employee Deposit Linked Insurance Scheme.

Benefits and Features of DHFL Pramerica Group Term Plan

• A Sum Assured amount is payable to the nominee in case of unfortunate demise of the policyholder.
• This Group Term plan can be renewed every year and also comes with the option to procure higher coverage.
• Procedure to avail this plan is hassle-free and quick as only one policy document is issued to the Master Policyholder.
• Members who are parents of college-going or school kids can avail benefits in the form of staggered payments under the Non Employer-Employee scheme.
• Death benefit will be provided upon unfortunate demise of the policyholder.

Type of Scheme	Age at entry (in years)	Policy Tenure	Sum Assured	Size of Group	Premium Payment Frequency
Employer-Employee/Non Employer-Employee Scheme	Minimum - 18 Maximum - 75 as on the last birthday of the individual	One year renewable	Minimum - Rs.5,000 per member and Rs.1 crore per scheme. Maximum - No limit	Minimum - 50 Maximum - No limit	Annual/Semi-annual/Monthly/Quarterly
Employee Deposit Linked Insurance Scheme	Minimum - 18 Maximum - 75 as on the last birthday of the individual	One year renewable	Minimum - Rs.6,01,000 per member and Rs.1,20,20,000 per scheme Maximum - Rs.10,00,000	Minimum - 20 Maximum - No limit	Annual/Semi-annual/Monthly/Quarterly

DHFL Pramerica Life Group Term Care

This plan provides financial security to all group members and their families at a very nominal cost. Additionally individuals will only have to pay once and can avail cover for a period of 2 years.

Benefits and Features of DHFL Pramerica Life Group Term Care

• In case of unfortunate demise of the member, the Sum Assured amount based on the selected option will be paid to the nominee or beneficiary.
• Members will have to pay only once and can remain covered for the entire tenure of the policy.
• Procuring this plan is a very quick and easy process so policyholders need not worry about cumbersome and lengthy procedures. A single policy document is provided to the Master Policyholder.
• There is no maturity benefit available under this plan.

Age at entry (in years)	Maximum Age at Maturity (in years)	Policy Tenure	Sum Assured	Size of Group	Premium Payment Tenure
Minimum - 18 Maximum - 63 as on the last birthday of the individual	65	Two years	Minimum - Rs.5,000 per member Maximum - Rs.2,00,000 per member	Minimum - 50	Single

DHFL Pramerica Life Sarv Suraksha

This yearly renewable micro-insurance plan is designed to suit the needs of self-help group members, NGOs, Micro Finance Institutions and cooperative banks or other organizations that work in social sectors to ensure that their members are protected.

Benefits and Features of DHFL Pramerica Life Sarv Suraksha

• All members can avail insurance cover and protection at a very minimal cost.
• Based on the needs and requirements of the group, Sum Assured can be flexible.
• There is no necessity for individual underwriting and tax benefits can also be availed under this plan.
• Administrative convenience can be availed as one Master Policy covers the entire group.
• Cover for members under this plan can also be availed on a ‘Joint Basis’.

Age at entry (in years)	Maximum Age at Maturity (in years)	Policy Tenure	Sum Assured	Size of Group
Minimum - 18 as on last birthday of the individual Maximum - 63 as on the last birthday of the individual	66	One year	Minimum - Rs.1,000 Maximum - Rs.2,00,000	Minimum - 5

Why do you need DHFL Pramerica Group Plans?

Group Plans are one of the best ways in which a company can take care of its employees and ensure their well-being and happiness. Group plans are quick and easy to avail and come with enormous benefits.

One of the foremost providers of insurance plans, DHFL Pramerica is known for its myriad offerings under the life insurance sector. As part of its diverse portfolio, DHFL Pramerica provides a number of plans ranging from life insurance policies to group plans. This insurance company is a joint venture between the second largest housing finance company in the private sector, Dewan Housing Finance Corporation Ltd. and Prudential International Insurance Holdings, Ltd. which is a financial services company that has its headquarters in the U.S.

Quality products, robust customer service and latest technology are some of the reasons why DHFL Pramerica’s products are highly sought after. Individuals can avail plans and even pay for them online without having to visit the office directly. Individuals can also make use of calculators available on their website to calculate their premium or taxes. DHFL Pramerica has also been the recipient of a number of awards such as ‘Website of the Year’ in 2016 and ‘Skoch Technology for Growth Silver Award’, again in the year 2016.