Financial security is something that features on the priority list of most of the people. It is also important to get an insurance plan that guarantees good savings. Since unfortunate events come unannounced, it is always important to be prepared for such emergencies. With a good amount of savings, one can secure their as well as their family’s future. With DHFL Pramerica Roz Sanchay Plan, policyholders get assured savings and solid financial security for their family. It helps them to create a saving corpus for their post-retirement years so that they don’t have to depend on anybody during old age.
To be eligible for DHFL Pramerica Roz Sanchay Plan, the customer has to meet a few criteria. The following are the eligibility requirements:
|Minimum entry age||A minimum age of 8 years is required|
|Maximum entry age||For a policy term of 21 years, the maximum entry age is 45 years while for a policy term of 16 years, the maximum entry age is 50 years|
|Maximum maturity age||66 years|
|Policy term||16 years and 21 years|
Under DHFL Pramerica Roz Sanchay Plan, following are the sum assured and premium range:
|Premium paying mode||Monthly, half-yearly, and annually|
|Premium paying term||
|Amount of premium||Depends on the sum assured and policy term chosen by the policyholder|
The DHFL Pramerica Roz Sanchay Plan provides death and maturity benefits. It also provides an Annual Guaranteed Addition (AGA) that is basically a part of the original sum assured that is added to the benefits of your policy at the conclusion of every policy year. Beginning on the 4th policy year till the end of the term of your policy, you will be provided with an AGA only if all your premiums have been paid till the conclusion of that policy year.
Death benefit: In case of the unfortunate death of the policyholder during the term of the policy, basic death benefit and the accumulated AGA will be paid to the nominee. In this case, the policy has to be active to get complete policy benefits. The basic death benefit is 150% of the base sum assured in the very first year of the policy. It will ascend by an equal amount to 5% of the basic sum assured for every concluded policy year till the end of the term of the policy.
If the policyholder commits suicide within a year from the commencement of the policy, the nominee is entitled to a higher of 80% of the premiums paid till date or the surrender value (if any). No other benefits are applicable in the case of suicide, whether sane or insane.
In accordance with the Income Tax Act 1961, policyholders of the DHFL Pramerica Roz Sanchay Plan can avail tax benefits under:
Some of the benefits of the DHFL Pramerica Roz Sanchay Plan are listed below:
DHFL Pramerica Life Insurance Company is one of the most reputed insurance companies in India. It has marked a remarkable growth since its inception. The company is headquartered in Gurgaon. It provides an array of insurance solutions for people. It has 102 branches and 3426 employees under its umbrella. DHFL Pramerica handles assets worth Rs.2814.84 crore and has a customer database worth 12 million people. The company has bagged awards like Skoch Technology for Growth Silver Award, Skoch Financial Inclusion Award, Celent Model Asia Award, among others.