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  • DHFL Pramerica Family First Insurance Plan

    Life Insurance
    • 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

    The DHFL Pramerica Familyfirst Insurance Plan is a monthly benefit term insurance plan. For every individual, his/her family is the biggest source of peace and happiness. Everyone wants to take care of the needs of their families. May it be offering good education to one’s children or taking the family out on a vacation, every person wants the best for his/her family. The DHFL Pramerica Familyfirst Insurance Plan ensures that the lifestyle of the insured’s loved ones is never compromised, even when he/she is not around to watch over them. The insurance policy not only helps in taking care of the regular needs, but also, helps the insured’s family to meet the immediate requirements after your demise.

    Eligibility – Who is the DHFL Pramerica Familyfirst Insurance Plan for?

    In order to buy the DHFL Pramerica Familyfirst Insurance Plan, a customer has to fulfil certain eligibility 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 65 years
    Term of policy Any term can be selected between 10 years and 30 years

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

    Sum Assured – It is the amount that is paid to the nominee of the insured person upon his/her demise under the DHFL Pramerica Familyfirst Insurance Plan. The maximum sum assured that is paid to the nominee is 20 times of the monthly income of the insured individual.

    Premium Range – It is the amount that the policyholder pays at regular intervals or at one go in order to keep the policy active. Under the DHFL Pramerica Familyfirst Insurance Plan, the minimum premium for quarterly, semi-annually and annual modes is Rs.2,000. In case of monthly premium payment mode, the minimum amount stands at Rs,2,400. The maximum monthly premium under the DHFL Pramerica Familyfirst Insurance Plan stands at Rs.4,000.

    Minimum annual premium (annual premium payment mode) Rs.2,000
    Minimum annual premium (semi-annual premium payment mode) Rs.2,000
    Minimum annual premium (quarterly premium payment mode) Rs.2,000
    Minimum annual premium (monthly premium payment mode) Rs.2,400
    Maximum annual premium (monthly premium payment mode) Rs.4,000

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

    Plan Coverage – What the DHFL Pramerica Familyfirst Insurance Plan covers

    Lump Sum Benefit In order to meet your immediate requirements, a lump sum amount equivalent to 20 times of the policyholder’s monthly income is given to your nominee or legal heir in the event of the insured’s unfortunate demise.
    Monthly Income Benefit In order to help the insured person’s family in meeting daily expenses without any problem, fixed monthly income is paid out under the DHFL Pramerica Familyfirst Insurance Plan, in the event of the policyholder’s unfortunate demise.
    Guaranteed Income for a period of 48 months Guaranteed income can be availed under the DHFL Pramerica Familyfirst Insurance Plan along with the lump sum benefit payout if the claim is made during the last four years of the insurance policy.
    Additional Risk Coverage The policyholder can choose to enhance his/her insurance policy by adding the DHFL Pramerica Accidental Death Benefit Rider and the DHFL Pramerica Critical Illness Rider.

    Riders / Add-on Plan – Additional coverage under the DHFL Pramerica Familyfirst Insurance Plan

     

    Riders or Add-on plans can be availed under the DHFL Pramerica Familyfirst Insurance Plan for enhancing the cover. The two riders that can be opted for under this policy are as follows:

    • DHFL Pramerica Traditional Accidental Death Benefit Rider – In case the insured person encounters death in an unfortunate accident, the nominee or the legal heir receives the additional sum assured under the DHFL Pramerica Traditional Accidental Death Benefit Rider. This amount can be availed along with the regular death benefit payout under the base plan.
    • DHFL Pramerica Traditional Critical Illness Rider – The DHFL Pramerica Traditional Critical Illness Rider offers protection in case the insured person suffers from any of the ten critical illness mentioned below:
      • Stroke
      • Paralysis
      • Major Organ Transplant
      • Kidney Failure
      • Heart Valve Surgery
      • Heart Attack
      • Coronary Artery Bypass Surgery
      • Cancer
      • Blindness
      • Aorta Surgery

    The critical illness benefit is paid out to the insured individual subject to a 30 day survival period. The base policy continues to be effective even after this particular additional benefit is paid out.

    Exclusions – What the DHFL Pramerica Familyfirst Insurance Plan does not cover

    Suicide Exclusion – In case the policyholder commits suicide within a period of 12 months from the date of commencement of the policy or the date of revival of the policy, whether insane or sane, then 80% of the total premiums is paid out to the nominee or beneficiary as death benefit. The payout does not include any extra benefit.

    Other Key Features

    Free look period A free look period of 15 days can be availed by the policyholder under the DHFL Pramerica Familyfirst Insurance Plan. If the policyholder does not like the terms and conditions of this policy, he/she can choose to return the original policy document to the insurer along with the letter of cancellation stating his/her reasons for not choosing the policy.
    Grace period The policyholder can avail a grace period of 30 days for all premium payment modes. During the grace period, the benefits and the policy coverage are not hampered at all.
    Revival The DHFL Pramerica Familyfirst Insurance Plan can be revived within a period of three years from the date of first unpaid premium.

    Tax Benefits – How you can save under the DHFL Pramerica Familyfirst Insurance Plan

    Tax benefits can be availed by the policyholder under the DHFL Pramerica Familyfirst Insurance Plan as per the prevailing tax laws.

    Why you should buy the DHFL Pramerica Familyfirst Insurance Plan from DHFL Pramerica?

    DHFL Pramerica Insurance Company is one of the top insurance solution providers across India. It is the joint venture of Prudential International Insurance Holdings Limited (subsidiary of PFI) and Dewan Housing Finance Corporation Limited. The DHFL Pramerica Insurance Company offers insurance solutions that come with immense innovation and flexibility. They are tailored to meet the needs and demands of the customers. DHFL Pramerica Familyfirst Insurance Plan ensures that the lifestyle of the insured’s loved ones is never compromised, even when he/she is not around to watch over them. The insurance policy not only helps in taking care of the regular needs, but also, helps the insured’s family to meet the immediate requirements after your demise. DHFL has more than 450 locations spread across India. PFI, on the other hand, has above 135 years of experience in offering financial assistance to its customers.

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