DHFL Pramerica Health Plans

• 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

Being diagnosed with a critical illness is not only physically and mentally burdensome but financially burdensome too. One cannot ascertain when a critical illness will come knocking at one’s door. It is hence advisable to avail coverage for financial protection against such medical contingencies. Health plans basically provide monetary aid when diagnosed with the disease or condition for which the individual has availed coverage.

DHFL Pramerica Life Insurance offers two health plans that focus on major medical conditions such as dengue, cancer, and cardiovascular conditions. The plans include beneficial features that include various coverage options and benefit payout options.

Benefits of DHFL Pramerica Life Health Plans

• Free-look period: Policyholders are given 15 days from the day of inception of the policy to review the policy term. Individuals who purchased the policy through distance marketing will be given 30 days. If an individual is unhappy with the policy and returns it, the company will refund the premiums paid after making necessary deductions.
• Grace period: A period of 30 days is permitted as a grace period for policyholders to pay the premium due.
• Revival: The revival period of a policy lasts up to 2 years starting from the day of first unpaid premium. A lapsed policy can be revived by paying all the unpaid premiums.
• Tax benefits: Policyholders qualify for tax benefits under section 80D of the Income Tax Act, 1961.

List of Health Plans offered by DHFL Pramerica

Here are the two health plans rolled out by the company for its customers:

DHFL Pramerica Dengue Shield

This is a special health plan provided by DHFL Pramerica that offers coverage against the financial impact an individual may face on diagnosis of dengue. The lump-sum amount paid on diagnosis can be utilised by the individual for treatment and recovery charges. The plan allows as many as six members of the family to be covered under the policy. The plan can be bought both online and offline by filling up a simple declaration form stating that one is not suffering from dengue at the time of purchase of the policy. Prospective policy buyers may opt one of the three sum insured options available – Rs.50,000, Rs.40,000 and Rs.25,000.

Benefits and features of DHFL Pramerica Dengue Shield

• Benefit payable on diagnosis: If the policyholder is diagnosed with dengue fever i.e. Dengue Shock Syndrome or Dengue Haemorrhagic Fever, 100% of the total sum assured will be provided to him/her if all the conditions mentioned in the policy are met.
• Maturity Benefit: The plan does not provide any maturity benefit.
• Surrender Benefit: Only single premium policies and not regular premium policies acquire a surrender value. If a single premium policy is surrendered, 50% of the single premium amount paid is provided to the policyholder.

DHFL Pramerica Life Cancer + Heart Shield

This is a non-linked individual health product that covers an individual from financial burden caused by cancer, a cardiovascular condition, or any other critical illness. The lump-sum amount provided will aid the individual in managing treatment and recovery expenses. Four coverage options are available with the plan – Cancer Shield, Heart Shield, Cancer & Heart Shield, and Comprehensive Shield.

Benefits and features of DHFL Pramerica Life Cancer + Heart Shield

• Benefit payout on diagnosis: On diagnosis of minor or major stages of a condition or illness, a certain percentage of the sum insured is provided as a lump-sum benefit. 1% of the basic sum insured is then paid on a monthly basis for a fixed period of time. On the first diagnosis of an illness, the premium is waived for 3 years.
• Death, maturity and surrender benefit: No death, maturity or surrender benefits are available under this plan.

Why choose DHFL Pramerica Life Insurance?

DHFL Pramerica Life Insurance Company is a leading life insurance firm that provides a wide variety of life insurance products for individuals as well as groups. The plans help secure one’s child’s future, help plan one’s retirement, aid in creating wealth, and provide a medium to save. The company has 117 branches throughout the country and has over 20 million customers. The firm won awards such as the ‘Website of the Year’ and ‘Skoch Technology for growth silver award’ in the year 2016. The company functions with a customer-centric approach and puts in best efforts to build deep and lasting relationships with customers.