DHFL Pramerica Term Plan India

A number of protected and savings plan policies related to life insurance are provided by DHFL Pramerica. You can refer to loanbaba.com for all the information.

Family Income Scheme by DHFL Pramerica

It is a decreasing term non participating DHFL Pramerica plan in India which looks after the financial requirements of the policyholder’s family when he is absent, by providing payments monthly.

Features Min. Max.
Age of Entry Eighteen years Fifty five years
Period Five years Thirty years
Benefit Expiry Period Nil Sixty five years
Benefit(monthly) Two thousand Rupees LIMITLESS
Premium Subject to selected monthly income Semi-annual, annual and quarterly modes are subject to a minimum of one thousand per annum. Monthly mode is subject to 1,200 INR per annum LIMITLESS
Option for Premium Payment Regular Pay
Modes of Premium Payment Monthly/quarterly/semi-annual/annual

Family First Plan by DHFL Pramerica:

It is a benefit term plan which provides a monthly advantage thereby protecting the policyholder’s family in time of needs and insures their life in the absence of the holder.  

Features Min. Max.
Age of Entry Eighteen years Fifty years
Period Ten years Thirty years
Benefit Expiry Age Nil Sixty-five years
Benefit(Monthly) Four Thousand LIMITLESS
Premium 2000 Rupees (quarterly/semi-annual/annual modes)
2400 Rupees (monthly mode, annual premium)
LIMITLESS
Payment
Choice for Premium
Regular
Payment
Modes for Premium
Monthly/Quarterly/Semi-annual/Annual

U-Protect Plan by DHFL Pramerica:

It is a LIC term plan which ensures the holder’s family safety even if he dies.

Features Minimum Maximum
Age for Entry Eighteen years Fifty five years
Period Ten years Thirty years
Benefit Expiry Period Nil Sixty five years
Benefit(monthly) Four thousand LIMITLESS
Assured amount Twenty five lakh LIMITLESS
Payment
Choice for premium
Regular
Payment
Modes for premium
Half-yearly/Yearly

Characteristics of the Term Plans by DHFL Pramerica:

  • Comprehensive insurance safety plan at reasonable price.
  • Lucrative premium rates for both female and male lives.
  • Enhanced cover and optional Riders - Critical Illness Rider and Accidental Death Advantage Rider
  • Applicable tax advantages
  • Advantage around equivalent to twenty times of the chosen monthly benefit income.

Term Plan Example:

Suppose Mr. Ram who is a non-smoker and 35 years of age has bought Term Plan by DHFL Pramerica, for an assured amount of fifty lakh rupees with tenure of twenty years, mode being annual. A premium of 7,750 is paid by him. Now if he dies in an accident, his family will receive the assured amount.

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