DHFL Pramerica Savings Plans

Savings plans offered by life insurance companies are availed by many customers with the intention to save up or create a certain amount of wealth along with being provided with a life cover. ULIPs and endowment plans are offered as savings plan with various different features and options.

DHFL Pramerica offers fourteen savings plans that prospective policy buyers can choose from based on the purpose, requirement, and affordability.

Benefits of DHFL Pramerica Savings Plans

• Loan: Policyholders are permitted to borrow a loan from the policy during certain emergency situations, provided a surrender value has been acquired by the policy. The maximum amount that a person can a avail as a loan is a certain percentage of the surrender value as mentioned in the policy.
• Grace period: A grace period of 30 days is allowed to pay the premium amount due.
• Free-look period: At the inception of the policy, the policyholders can review the policy terms, and return it if unhappy, within the first 15 days (30 days if purchased through distance marketing) of the policy term.
• Revival: A lapsed or paid-up policy can be revived by paying all unpaid premium amount along with applicable interest within 2 years from the date of first unpaid premium to revive a policy.
• Tax benefits: The premiums paid towards the policy qualify for tax deductions under section 80C, and benefits received qualify for tax deduction under section 10 (10D) of the Income Tax Act, 1961.

List of Savings Plans offered by DHFL Pramerica

Here is a list along with details of each of the savings plans offered by the insurer:

DHFL Pramerica Aajeevan Samriddhi

This is a whole life participating life insurance plan that provides life cover up to the 99th year of the individual. It also provides a corpus when the individual reaches the age of 65 to take care of post-retirement expenses. Guaranteed additions will accrue for the first 5 policy years and will be paid on the death of the life assured or when he/she reaches the age of 65. The basic sum assured that the policyholder is expected to choose is Rs.75,000. There is no maximum cap on the sum assured amount that can be availed.

Benefits and features of DHFL Pramerica Aajeevan Samriddhi

• Death Benefit: Upon the death of the life assured, the basic death benefit along with guaranteed additions or bonuses, if any, will be provided to the nominee.
• Maturity Benefit: When the policyholder reaches age 99, the basic sum assured plus final bonus, if any, will be provided to him/her.
• Surrender Benefit: When the policy is surrendered, either the guaranteed surrender value or special surrender value is paid as the surrender benefit depending on which is the higher amount.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Aajeevan Samriddhi	Minimum: 8 years Maximum: 50 years for a 15-year premium paying term 45 years for a 20-year premium paying term	99 years	Minimum: Rs.5,500 yearly Maximum: Depends on the basic sum assured chosen, the premium paying term, and age at entry

DHFL Pramerica Flexi Cash

This is a participating endowment plan that offers flexibility to control one’s policy. The plan allows the policyholder to manage expenses as per his/her need throughout his/her life. The individual has access to the savings corpus during the complete policy term and he/she can choose to advance the maturity benefit during the flexi benefit period. The minimum sum assured for the 15-year policy term is Rs.1.7 lakh and the 25-year and 35-year policy term is Rs.2 lakh.

Benefits and features of DHFL Pramerica Flexi Cash

• Death Benefit: Upon the demise of the life assured, the death sum assured plus accrued reversionary bonus and final bonus, if any, is paid to the nominee.
• Maturity Benefit: At maturity, a maturity benefit equal to 100% of the sum assured along with accrued reversionary and final bonuses, if any, are payable provided the policy is in-force.
• Surrender Benefit: The higher amount of the guaranteed surrender value and special surrender value is payable as the surrender benefit if an individual surrenders a policy during the policy term.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Flexi Cash	Minimum: 8 years Maximum: 60 years for a 15-year premium payment term 50 years for a 25-year premium payment term 40 years for a 35-year premium payment term	Maximum: 75 years	Depends on the basic sum assured chosen, the premium paying term, and age at entry.

DHFL Pramerica Life Wealth Maximiser

This is a non-participating ULIP that comes with flexible investment options and adequate life cover depending on the level of protection required. The sum assured is calculated based on the premium, premium paying term, and age at entry. The plan offers 6 investment fund options – debt fund, balance fund, growth fund, large cap equity fund, liquid fund, and discontinued policy fund.

Benefits and features of DHFL Pramerica Life Wealth Maximiser

• Death Benefit: In case of death of the life assured during the policy term, the highest amount of the sum assured, fund value and 105% of the total premium paid is payable to the nominee.
• Maturity Benefit: On reaching the maturity date, the policyholder will receive the fund value as the maturity benefit. Top-up fund value, if any, will also be included in the maturity benefit.
• Surrender Benefit: The policy acquires a surrender value during the first policy year but it is payable only after the 5-year lock-in period.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Life Wealth Maximiser	Minimum: 90 days Maximum: 65 years	Minimum: 18 years Maximum: 75 years	Depends on the basic sum assured chosen, the premium paying term, and age at entry.

DHFL Pramerica Magnum Assure

This is an endowment insurance plan that offers life cover as well as benefits in the form of guaranteed monthly payouts. The monthly income is received during the payout period as mentioned in the policy.

Benefits and features of DHFL Pramerica Magnum Assure

• Death Benefit: In case the life assured passes away during the policy period, the death sum assured which is the highest amount of 105% of the total premium amount paid, 10 times the annual premium, maturity sum assured, or the base sum assured is paid as the death benefit. The death benefit is provided as equal monthly payouts during the complete payout period.
• Maturity Benefit: If the policyholder survives the policy term, he/she will receive the maturity benefit as monthly payouts throughout the payout period.
• Surrender Benefit: If the policyholder chooses to surrender the policy before completion of the policy term, he/she will receive the surrender benefit equal to the greater amount of the guaranteed surrender value and special surrender value, provided all premiums have been paid for at least 2 consecutive policy years.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Magnum Assure	Minimum: 18 years Maximum: 55 years for a 10-year policy term 50 years for a 15-year policy term	Maximum: 65 years	Minimum: Rs.48,000 p.a. Maximum: No limit

DHFL Pramerica Premier Gain

This plan is a non-linked participating endowment plan that allows policyholders to pay premiums for a limited period of time but stay covered for the complete policy term. Bonus additions provided by the policy help individuals accumulate wealth. The minimum base sum assured is Rs.3.5 lakh. There is no maximum limit to the sum assured amount that can be availed.

Benefits and features of DHFL Pramerica Premier Gain

• Death Benefit: Upon the death of the life assured, the death sum assured along with the accrued reversionary bonus, interim bonus and final bonus, if any, is paid as the death benefit to the nominee. The death sum assured is equal to the base sum assured or 10 times the annual premium, whichever is higher.
• Maturity Benefit: The maturity benefit payable at maturity will include the base sum assured, accrued reversionary bonus and final bonus, if any.
• Surrender Benefit: On surrender of the policy during the policy term, the higher amount of the guaranteed surrender value and special surrender value is offered as the surrender benefit, provided premiums for two consecutive policy years have been paid.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Premier Gain	The minimum and maximum ages at entry depend on the policy term opted by the policyholder.	Maximum: 70 years	Minimum annual premium: Rs.75,000 for a 10-year policy term Rs.50,000 for other policy term options Maximum annual premium: No limit

DHFL Pramerica Roz Sanchay

This is a non-participating endowment plan that offers the limited pay option. It provides a medium to save as well as avail life cover. The guaranteed maturity benefit option lets individuals know precisely how much they will receive at the end of the policy term. The minimum sum assured for a 16-year term is Rs.1 lakh and for a 21-year term is Rs.1.2 lakh. The maximum sum assured is Rs.5 crore.

Benefits and features of DHFL Pramerica Roz Sanchay

• Death Benefit: In case the life assured individual expires during the term of the policy, the base death benefit along with accrued annual guaranteed additions will be provided to the nominee. The base death benefit is equal to 150% of the base sum assured that increases by 5% of the base sum assured after the completion of each policy year.
• Maturity Benefit: The guaranteed maturity benefit amount is the sum of 150% of the base sum assured and accrued annual guaranteed additions.
• Surrender Benefit: The policy can be surrendered only if premiums for the first 2 consecutive years have been paid. The insurer will pay either the special surrender value or the guaranteed surrender value of the policy, whichever is higher, as the surrender benefit.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Roz Sanchay	Minimum: 8 years Maximum: 50 years for a 16-year policy term 45 years for a 21-year policy term	66 years	Depends on the basic sum assured chosen, the premium paying term, and age at entry.

DHFL Pramerica Sahaj Suraksha

This is a participating life insurance plan that offers long-term protection i.e. until the life assured attains the age of 75. The plan also helps accumulate wealth through bonus additions. While there is no maximum limit on the sum assured that can be chosen, the minimum is Rs.1 lakh.

Benefits and features of DHFL Pramerica Sahaj Suraksha

• Death Benefit: In case the life assured passes away during the policy tenure, the death benefit payable will include the death sum assured, accrued reversionary bonus, and interim and final bonus, if any.
• Maturity Benefit: On reaching the date of maturity, the policyholder will receive a maturity benefit equal to the basic sum assured, accrued reversionary bonus, and final bonus, if any.
• Surrender Benefit: A policyholder may choose to surrender the policy before completion of the term. If the individual has paid premiums for three consecutive policy years, he/she will receive the greater amount of the special surrender value and guaranteed surrender value as the surrender benefit.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Sahaj Suraksha	Minimum: 18 years Maximum: 50 years	Maximum: 75 years	Minimum: Rs.6,144 Maximum: Depends on the basic sum assured, entry age, and premium payment term

DHFL Pramerica Smart Assure

This is an endowment life insurance plan that allows individuals make financial plans based on the expenditures one is expected to incur at key milestones of one’s life. The plan not only ensures the financial security of the life assured’s family but also aids the individual grow his/her savings with the help of maturity additions. The minimum sum assured for limited pay is Rs.75,000 and for regular pay is Rs.1 lakh. The maximum sum assured that can be availed is Rs.25 lakh.

Benefits and features of DHFL Pramerica Smart Assure

• Death Benefit: The death benefit payable in case the life assured expires during the policy term is equal to the sum of the death sum assured and accrued maturity additions.
• Maturity Benefit: On maturity of the policy, the policyholder will receive the maturity sum assured plus maturity additions.
• Surrender Benefit: The guaranteed surrender value or the special surrender value, whichever amount is higher, is paid as the surrender benefit in case the policy is surrendered before completion of the policy term.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Smart Assure	Minimum: 8 years Maximum: 60 years for a 10-year policy term 55 years for a 15-year policy term	Maximum: 70 years	Minimum: Rs.6,000 Maximum: Rs.25 lakh

DHFL Pramerica Smart Cash Protect

This plan is a participating endowment plan that has been created to manage regular and long-term expenses. The individual is eligible to receive lump sum payouts as well as annual cash benefits. The plan offers the limited premium payment option where premiums can be paid for a short duration of time but life protection is available throughout the policy term. The minimum sum assured an individual is required to choose is Rs.1.25 lakh. There is no limit to the maximum sum assured amount that can be availed under this policy.

Benefits and features of DHFL Pramerica Smart Cash Protect

• Death Benefit: Upon the demise of the life assured, the death benefit payable is equal to the death sum assured plus bonuses, if any.
• Survival Benefit: Reversionary bonus accumulated for the first 15 years will be paid as the survival benefit.
• Maturity Benefit: 50% of the sum assured along with the final bonus is paid as the maturity benefit when the policyholder reaches the date of maturity.
• Surrender Benefit: If the policyholder surrenders the policy before the completion of the policy tenure, a surrender benefit equal to the higher amount of the guaranteed surrender value and special surrender value is paid.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Smart Cash Protect	Minimum: 23 years for a 12-year policy term 20 years for a 15-year policy term 18 years for a 20-year policy term Maximum: 55 years for 12-year and 15-year policy terms 50 years for a 20-year policy term	Maximum: 85 years for a 12-year policy term 90 years for 15-year and 20-year policy terms	Minimum: Rs.12,000 Maximum: No limit

DHFL Pramerica Smart Income

This is a guaranteed annual income plan that allows individuals to customise the plan as per the future financial needs. The premium payment term option can be chosen as per one’s requirement. The base sum assured is calculated by multiplying the annual premium by 11.

Benefits and features of DHFL Pramerica Smart Income

• Death Benefit: If the life assured expires during the term of the policy, the death sum assured i.e. the higher amount of the base sum assured, maturity sum assured, or 105% of the total premium amount paid is payable.
• Maturity Benefit: If the life assured survives the complete policy term, annual payouts are provided to the individual throughout the payout period.
• Surrender Benefit: If the policy is surrendered, the greater of the guaranteed surrender value and special surrender value is paid as the surrender benefit provided premiums for two consecutive policy years have been paid.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Smart Income	Minimum: 8 years Maximum: 55 years	Minimum: 18 years Maximum: 65 years	Minimum annual premium: Rs.24,000 Maximum annual premium: No limit

DHFL Pramerica Smart Money Back

This is a participating endowment plan that offers regular payouts that help individuals create a corpus for long-term financial requirements. It offers flexibility in choosing policy terms and premium payment terms. The bonuses that accumulate on the policy boost one’s savings. The minimum sum assured that can be availed is Rs.1.2 lakh. There is no maximum sum assured limit.

Benefits and features of DHFL Pramerica Smart Money Back

• Death Benefit: On the unfortunate death of the policyholder, the death sum assured plus reversionary bonus along with interim and final bonuses, if any, are provided to the nominee. The death sum assured amount is equal to the greater amount - base sum assured or 11 times the annual premium.
• Survival Benefit: A percentage of the base sum assured is paid as the survival benefit at certain regular intervals as mentioned in the policy.
• Maturity Benefit: On reaching the date of maturity, the policyholder will receive the accumulated reversionary bonus and final bonus, if any.
• Surrender Benefit: If the policyholder chooses to surrender his/her policy, the guaranteed surrender value or special surrender value, whichever is higher, is paid as the surrender benefit.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Smart Money Back	Minimum: 8 years Maximum: 49 years for a 16-year policy term 45 years for a 20-year policy term	Maximum: 65 years	Minimum annual premium: Rs.15,000 Maximum annual premium: No limit

DHFL Pramerica Smart Wealth Plus

This is a non-participating ULIP that provides a channel to amass wealth while providing optimum life cover. A rider named DHFL Pramerica Unit Linked Accidental Death Benefit Rider is also offered. The plan is flexible in terms of the premium payment tenure that the policyholder can choose. The insurer also provides persistency units as loyalty additions. Four fund types are offered - Debt Fund, Balance Fund, Growth Fund, and Large Cap Equity Fund. The minimum and maximum sum assured amounts depend on the premium payment term, age at entry, and annual premium.

Benefits and features of DHFL Pramerica Smart Wealth Plus

• Death Benefit: On the death of the life assured, either the fund value or the sum assured, whichever is higher, is paid as the death benefit. The death benefit will be a minimum 105% of the total premium paid.
• Maturity Benefit: On maturity, the policyholder will receive a maturity benefit equal to the fund value of the policy. The death and rider risk covers will cease once the maturity benefit is paid.
• Surrender Benefit: The plan acquires surrender value during the very first policy year but the surrender benefit equal to the value of units is payable after completion of five complete policy years.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Smart Wealth Plus	Minimum: 8 years Maximum: 55 years	Maximum: 75 years 65 years for the ADB rider	Minimum: Differs based on the premium payment term and frequency of premium payment Maximum: Rs.5 crore

DHFL Pramerica Wealth+ ACE

This is a ULIP that has a single premium feature. The plan aids individuals to reach specific goals by creating beneficial investment opportunities. The systematic transfer plan offered by the insurer allows policyholders to invest certain amounts on a monthly basis. The plan can be enhanced with the DHFL Pramerica Unit Linked Accidental Death Benefit Rider. The sum assured that can be chosen by the policyholder is calculated using the annual premium and age at entry. The maximum coverage that can be availed is Rs.10 crore.

Benefits and features of DHFL Pramerica Wealth+ ACE

• Death Benefit: The death benefit payable on the death of the life assured will be the highest of - sum assured (minus partial withdrawals if any), fund value (plus value of persistency funds), or 105% of the premium amount paid.
• Maturity Benefit: At maturity, the fund value along with the value of the persistency units are provided as the maturity benefit.
• Surrender Benefit: If the policy is surrendered, the surrender value equal to the fund value of the policy is provided after the completion of the lock-in period.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica Wealth+ ACE	Minimum: 8 years for a 10-year policy term 3 years for a 15-year policy term 90 days for 20-year and 25-year policy terms 18 years the ADB rider Maximum: 65 years 60 years for the ADB rider	Maximum: 75 years	Minimum single premium: Rs.65,000 Maximum single premium: Depends on the maximum sum assured

DHFL Pramerica e-Save

This plan is a non-participating endowment plan that provides guaranteed maturity and death benefits. Increasing guaranteed additions are provided on the premiums paid on an annual basis. Since this is an online plan, it can be bought in the comfort of our home. The sum assured amount of the plan depends on the policy term, annual premium, and the age at entry.

Benefits and features of DHFL Pramerica e Save

• Death Benefit: Upon the death of the life assured, the death sum assured with the accrued annual guaranteed additions are payable to the nominee. The death sum assured will be a certain multiple of the annual premium depending on the life assured’s age at entry.
• Maturity Benefit: If the life assured survives the entire policy term, the base sum assured plus accrued annual guaranteed additions are payable.
• Surrender Benefit: If the policy is surrendered, the greater amount of the special surrender value and guaranteed surrender value are payable to the policyholder, provided premiums for two consecutive years have been duly paid.

Plan name	Entry age	Maturity age	Premium
DHFL Pramerica e Save	Minimum: 18 years Maximum: 55 years for a 10-year policy term 50 years for a 15-year policy term 45 years for a 20-year policy term	Maximum: 65 years	Minimum annual premium: Rs.20,000 Maximum annual premium: No limit

Why choose DHFL Pramerica Life Insurance?

DHFL Pramerica is one of the fastest growing life insurance companies in India with over 117 branches and 20 million customers. The company has received awards under various categories over the years. The mission of the company is to ensure that more and more people secure their lives with life insurance and make the best informed decisions while doing so. The insurer offers a wide variety of products that individuals can choose from. The official website allows individuals to track applications, pay premiums, view fund details, etc. With innovation being one of the core values, the company constantly brings about innovation in the products, processes, and infrastructure.