DHFL Pramerica Premier Gain Plan

The DHFL Pramerica Premier Gain Plan is a participating, non-linked endowment insurance plan that is aimed at increasing your wealth to improve your financial security while also providing attractive benefits. By paying a premium amount for a limited tenure, you can avail all financial benefits offered by the plan which in turn offers peace of mind and safety in case of an unfortunate event. The plan offers various tax benefits and as well as the option of availing a loan against your policy.

Eligibility – Who is the DHFL Pramerica Premier Gain Plan for?

Insurance providers usually set eligibility criteria which need to be met in order to avail the protection accorded by the plan.

Parameters		Criteria for Eligibility
Policy Term	10 years		15 years	20 years	25 years
Minimum Age of Entry	8 years		3 years	91 days	91 days
Maximum Age of Entry	50 years		55 years	50 years	45 years
Maximum Maturity Age		70 years

Sum Assured and Premium Range – What you get and what is costs

Sum Assured

The sum that is assured with a DHFL Pramerica Premier Gain Plan is based entirely on the premiums that you pay to avail the benefits of the policy.

Parameters	Details
Minimum Base Sum Assured	Rs.3.5 lakh
Maximum Base Sum Assured	No limit, subject to an underwriting

Premiums*

Premiums are paid to the insurer to purchase a policy from them so that an individual can come under the umbrella of benefits and coverage that this plan has to offer.

Parameters		Details
Term of the Policy		10 years, 15 years, 20 years, 25 years.
Minimum Premium Paid Annually		Policy Term of 10 Years – Rs.75,000 Other Policy Terms – Rs.50,000
Maximum Premium Paid		No limit, subject to an underwriting
Premium Payment Term	Policy Term		Payment Term
	10 years		5, 7 years
	15 years		7, 10 years
	20 years		7, 10, 15 years
	25 years		10, 15, 20 years
Premium Payment Modes		Monthly, Half-Yearly, Quarterly, Yearly for policy term of 15, 20, and 25 years Yearly for a policy term of 10 years

*Premiums paid vary based on age, location, plan term and other factors

Premiums for a DHFL Pramerica Premier Gain Plan can be paid using any of the following ways:

• Payment in cash at the insurer’s branch office
• ECS/Direct Debit/Salary Deduction Scheme
• With a cheque or demand draft
• Using payment gateways or internet banking
• Through the use of debit or credit cards

Premium Modes offered and Modal Factors:

Premium Modes	Factors
Monthly	0.09
Quarterly	0.265
Half-Yearly	0.52
Yearly	1

Plan coverage – What the DHFL Pramerica Premier Gain Plan covers

The DHFL Pramerica Premier Gain Plan offers a number of different benefits and these are listed in the table below:

Parameters	Details
Death Benefit	Death benefits payable will be equal to the sum of: Accrued Reversionary Bonuses Death Sum Assured Interim and Final Bonus Where, Death Sum Assured is equal to the higher value between Base Sum Assured and 10 times the annualized premium.
Tax Benefit	As per prevailing tax laws of the Income Tax Department.
Maturity Benefit	Base Sum Assured plus Final Bonus and Accrued Reversionary Bonus.

Riders/Add-Ons

There are no additional riders that are available for purchase along with the DHFL Pramerica Premier Gain Plan.

Exclusions – What the DHFL Pramerica Premier Gain Plan doesn't cover

If the policyholder commits suicide within a year from the date of commencement of the policy or from the date of revival, the policy will become void and the amount payable by the company to the nominee or beneficiary of the policy shall be equal to the higher value between the acquired Surrender Value and 80% of the premiums that were paid until the time of death of the policyholder.

Other Key Features

Parameters	Details
Free-Look Period	A policyholder has 15 days (30 days in the case of distance marketing) to review and accept or return the policy to the insurer.
Grace Period	A grace period of 30 days is provided for the payment of any premium made through any payment mode.
Nomination	Nomination is allowed as per the existing tax laws under Section 39 of the Insurance Act, 1938.
Assignment	Assignment is allowed as per the prevailing tax laws under Section 38 of the Insurance Act, 1938.
Loan	Loan facility is provided with a DHFL Pramerica Premier Gain Plan.
Surrender	A policy can be surrendered by a policyholder at anytime after making premium payments for two consecutive years and will be eligible for a Surrender Value. Surrender Value will be the higher amount between Special Surrender Value (SVV) and Guaranteed Surrender Value (GSV).
Revival/Reinstatement	Policy can be revived within 2 years from the date of the last unpaid premium and within the policy term after paying all unpaid premiums with interest.
Bonuses	The following bonuses can be declared by the insurance company which are offered to a policyholder: Compounded Reversionary Bonus Final Bonus Interim Bonus

 

Tax Benefits – How you can save with DHFL Pramerica Premier Gain Plan

A policyholder can enjoy tax benefits on any premium that is paid towards DHFL Pramerica Premier Gain Plan the prevailing tax laws under Section 80C and for withdrawals or maturity amount under 10(10D) of the Income Tax Act, 1961. Tax benefits are subject to changes without prior notice so it is important that the policyholder consults a Tax Advisor to stay informed about any changes made.

Why you should purchase the Premier Gain Plan offered by DHFL Pramerica?

DHFL Pramerica begun operations in India in 2008 and is committed to offering quality financial advice and customer protection. With a Claim Settlement Ratio of 84%, DHFL Pramerica Life Insurance Company strives at ensuring that each and every customer’s needs and requirements is addressed. The company has Claim Settlement Ratio of 84% and also has experience managing over Rs.2,893.05 crore Assets Under Management. With over 103 branches spread across India, the company is easily accessible to its large customer base which is made up of over 13 million satisfied customers. The company offers insurance policies which cater to specific insurance needs.