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.
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|
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.
|Minimum Base Sum Assured||Rs.3.5 lakh|
|Maximum Base Sum Assured||No limit, subject to an underwriting|
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.
|Term of the Policy||10 years, 15 years, 20 years, 25 years.|
|Minimum Premium Paid Annually||
|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||
*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:
The DHFL Pramerica Premier Gain Plan offers a number of different benefits and these are listed in the table below:
|Death Benefit||Death benefits payable will be equal to the sum of:
|Tax Benefit||As per prevailing tax laws of the Income Tax Department.|
|Maturity Benefit||Base Sum Assured plus Final Bonus and Accrued Reversionary Bonus.|
There are no additional riders that are available for purchase along with the DHFL Pramerica Premier Gain Plan.
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.
|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:
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.
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.