DHFL Pramerica Sahaj Suraksha Plan

The DHFL Pramerica Sahaj Suraksha Plan is designed to provide your family with financial security in your absence. The plan also makes provisions to ensure financial independence during your old age. Enhance your investment with vested bonuses and be protected in the long run while you pay premiums only for 15 or 20 years.

Eligibility – Who is the DHFL Pramerica Sahaj Suraksha Plan for?

To be eligible to buy the DHFL Pramerica Sahaj Suraksha Plan, a customer has to fulfil certain criteria with respect to his/her age and the amount of insurance he/she seeks. These conditions are as shown below:

Parameters	Criteria for Eligibility
Minimum age at entry	18 years
Maximum age at entry	50 years
Maximum age at maturity	75 years
Term of policy	75 years - entry age

*Ages mention are the ages as on the last birthday

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

This plan can be purchased for a minimum premium of Rs.6,144 p.a. Customers can opt to pay premiums for either 15 years or 20 years, depending on their requirements and convenience. The Sahaj Suraksha plan also has flexible options with premium payment frequencies. Given below are the details pertaining to the premiums and sums assured:

Particulars	Details
Minimum premium	Rs.6,144 p.a.
Maximum premium	Depends on the chosen basic sum assured, premium payment term and entry age
Minimum sum assured	Rs.1 lakh
Maximum sum assured	No limit, subject to underwriting
Premium payment term	15 years and 20 years
Premium payment frequencies	Monthly, quarterly, semi-annually, annually

*Premiums may vary depending upon factors like age, term of plan, location, etc.

Plan Coverage – What the DHFL Pramerica Sahaj Suraksha Plan covers

By availing this plan, the life insured will be entitled to receive death benefits and maturity benefits. In addition, DHFL Pramerica also declares bonuses from time to time that are guaranteed to enhance the value of the plan. Given below are the details of the benefits offered with this plan:

Death Benefit	Upon the unfortunate demise of the life insured, the nominee will be entitled to receive the sum of the following: Death sum assured Interim Bonus, if any Accrued Reversionary Bonus Final Bonus, if any
	For entry age less than 45 years, the death sum assured is the higher of the following: Basic sum assured (70-entry age) x 0.5 x annualised premium 11 x annualised premium 105% of the premiums paid up to death
	For entry age of 45 years and above, the death sum assured is the higher of the following: Basic sum assured (70-entry age) x 0.25 x annualised premium 11 x annualised premium 105% of the premiums paid up to death
Maturity Benefit	Upon attaining the age of 75 years, the policyholder is entitled to a maturity benefit: Basic sum assured + accrued reversionary bonus + final bonus, if any
Compounded reversionary bonus	A regular bonus once declared will be attached to the policy immediately. It is then guaranteed and will be payable with the death or survival benefit. The bonus is expressed as a percentage of the total of the basic sum assured + any reversionary bonus already attached
Interim bonus	During the inter-valuation period, bonus may be paid by the company for policies that result in claims through death, surrender of maturity
Final bonus	Upon the termination of the policy due to maturity, death or surrender, the company many pay a terminal bonus depending on the performance of the participating funds

*Ages mention are the ages as on the last birthday

Riders / Add-on Plan – Additional coverage under the DHFL Pramerica Sahaj Suraksha Plan

Riders are additional insurance policies that can be attached to a base plan. Riders help enhance the protection level of the life insured at affordable premiums. There are no riders available with this plan.

Exclusions – What the DHFL Pramerica Sahaj Suraksha Plan does not cover

Inception - From the commencement date of the policy, if the life insured commits suicide within 12 months, whether sane or insane, the company will reimburse 80% of the premiums paid minus any survival benefit already paid, service tax and underwriting extra).

Revival - From the reinstatement date of the policy, if the life insured commits suicide within 12 months, whether sane or insane, the company will pay the surrender value.

Other Key Features

Knowing the features of your life insurance plan is important so that you have a clear understanding of what the insurer is offering you. Given below are some of the important features of the Sahaj Suraksha Plan:

Features	Details
Grace period	30 days is granted for all premium payment modes.
Free-look period	15 days (30 days in case of distance marketing). The policyholder can choose to cancel the policy within this period if they are not satisfied with the terms of the plan. The original policy document must be returned along with a letter stating the reasons for objection. The premium paid will be refunded minus any proportionate risk premium + stamp duty + medical expenses, if any.
Discontinuance	If you discontinue premiums before the first three years, the policy will lapse. No benefits are payable. If you discontinue the policy after three years, then the policy will be converted to a paid-up policy.
Surrender value	After paying premiums for 3 years, you will be eligible to surrender the policy if you are unable to pay future premiums. The surrender value is equal to the higher of the following: Guaranteed surrender value = x% of the total premiums paid + guaranteed additions + accrued bonuses, if the policyholder is less than 65 years of age. Special surrender value (X = 30% in the 3rd year. From the 4th to the 10th year, X = 50%. From the 11th year onwards, X increases by 1.5%, subject to a maximum of 70%).
Paid-up value	Paid-up sum assured + accrued guaranteed additions + accrued reversionary bonuses + final bonus, if any. The paid-up sum assured = number of premiums paid/number of premiums payable x basic sum assured. Upon death or maturity, the paid-up value minus any survival benefit already paid will be payable to the nominee.
Revival	You can revive the policy within 2 years from the due date of the first unpaid premium. All unpaid premiums must be paid + interest. Once revived, all benefits will be restored.
Loan facility	Once the policy acquires a surrender value, you can take a loan for up to 90% of the surrender value. The rate of interest will be applicable as declared by the company from time to time.
Assignment	As per Section 38 of the Insurance Act, 1938.
Nomination	As per Section 39 of the Insurance Act, 1938.

Tax Benefits – How you can save under the DHFL Pramerica Sahaj Suraksha Plan

Tax benefits are available under the Income Tax Act, 1961.

• Benefits received are eligible for tax deductions under Section 10(10D).
• Premiums paid are eligible for tax deductions under Section 80C.

Tax laws are subject to amendments from time to time. You are advised to consult a tax advisor to know about the prevailing laws.

Why you should buy the DHFL Pramerica Sahaj Suraksha Plan from DHFL Pramerica?

The Sahaj Suraksha Plan is suitable for those who need life cover to ensure that their family is financially protected in the future. The plan makes provisions for death benefits and maturity benefits. Bonuses help increase your returns on investment. This plan can help you ensure that your retirement age is financially comfortable and that your family will be taken care of after your demise.

DHFL Pramerica Insurance Company provides protection and quality financial advice with a number of innovative and flexible products in its portfolio. This top insurance provider in India was born out of a joint venture between Prudential International Insurance Holdings Limited (subsidiary of PFI) and Dewan Housing Finance Corporation Limited.