• 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

DHFL Pramerica Sarv Suraksha Plan

DHFL Pramerica Sarv Suraksha Plan is a yearly renewable group term insurance plan offered by DHFL Pramerica Life Insurance Company Limited. With this group term micro insurance plan, you can get protection with convenience.

Eligibility - Who is the DHFL Pramerica Sarv Suraksha Plan for?

Self-help groups, members of Micro Finance Institutions (MFI), co-operative banks, and NGOs can opt for this group term micro insurance plan. Those who work in the social sectors can be insured through this plan.

Sum Assured and Premium Range - What you get and what it costs?

Members under this DHFL Pramerica Sarv Suraksha Plan will be covered for the chosen sum assured at policy inception. This plan can cover a maximum of 2 joint borrowers for 100% benefit.

Premiums may vary depending upon factors like age, location, term of the plan and prevailing taxes or GST.

Plan Coverage - What the DHFL Pramerica Sarv Suraksha Plan covers?

This is how DHFL Pramerica Sarv Suraksha Plan, the group term micro insurance plan works:

• Master policyholder: The master policyholder has to fill up the policy document with complete details of the eligible members. The insurance premiums payable by the members will be collected by the master policyholder and paid to the insurer. In the case of demise of a member, the master policyholder will have to intimate the insurer of the details. The master policyholder has to ensure that the members nominate a beneficiary under this plan.
• Death benefit: In the unfortunate event of the demise of a member during the policy term, the chosen sum assured will be payable as death benefit. In the case of lender-borrower relationship, the death benefit shall be payable to the regulated entity. In the case of a joint cover, the benefit of the respective joint-borrower shall be payable and the benefit of the existing borrower shall cease. In the case of demise of both the joint-borrowers, the benefit payable shall be a single benefit.

Exclusions - What the DHFL Pramerica Sarv Suraksha Plan doesn’t cover?

The DHFL Pramerica Sarv Suraksha Plan doesn't cover death by suicide. In the case of death of a member due to suicide within 1 year from the date of policy inception, 80% of the premiums is payable by the company.

Other Key Features – Free-look Period, Surrender Values, Grace Period etc.

• Grace period: A grace period of 15 days for the monthly payment mode and 30 days for the other modes will be given to pay due premiums during which the policy cover will be active. If the premiums are not paid within the grace period, then the policy will lapse.
• Revival: Policy revival is not applicable in the case of yearly premium payment mode. For other modes, policy can be revived during the policy term within 3 months from the date of the first unpaid premium.
• Free-look period: From the date of receipt of the policy document, the insured member and master policyholder have 15 days to review the terms and conditions of the policy. The policy can be returned if there are any objections to the terms and conditions, and the insurer will refund the premiums paid after certain deductions such as stamp duty charges and applicable risk cover.

Tax Benefits – How you can save with the DHFL Pramerica Sarv Suraksha Plan?

Under the DHFL Pramerica Sarv Suraksha Plan, you can get tax deductions on the following:

• On premiums paid under Section 80C of the Income Tax Act, 1961.
• On maturity proceeds under Section 10(10D) of the Income Tax Act, 1961.

Other Benefits – How you can save with the DHFL Pramerica Sarv Suraksha Plan?

There are several other benefits of purchasing group term insurance plans from DHFL Pramerica Life Insurance Company Limited such as:

• Customer care: For any life insurance related queries, you can call DHFL Pramerica Life Insurance Company Limited helpline number.
• Application status: You can track the status of your application by entering your application number on the company website.
• Premium calculator: The online premium calculator provided on the company website can be used to accurately calculate how much premium you need to pay for your chosen policy.
• SMS alerts: You can register for SMS alerts and get policy related information via SMS notifications.
• Claims: You can initiate claim registration online through the company website. You can also contact the claims helpdesk to check the status of your claim. Claims will be settled within 30 days.
• Online premium payment: You can make instant premium payments online through the company website.

Why you should buy the DHFL Pramerica Sarv Suraksha Plan from DHFL Pramerica Life Insurance Company Limited?

DHFL Pramerica Life Insurance Company Limited (DPLI) offers financial protection for you, your family, and your employees. From individual and group term plans to endowment and retirement plans, DPLI offers a wide range of insurance products. With over 103 branches spread across India, DPLI offers easy access to its 13 million customers. The company has experience managing over Rs.2,893.05 crore Assets Under Management and has a Claim Settlement Ratio of 84%.