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  • DHFL Pramerica Future Idols Gold+ Plan

    DHFL Pramerica Life Insurance

    The future of our world lies in the hand of children, and as parents most of us strive to ensure they have a solid foundation to lead a fruitful life. DHFL Pramerica Future Idols Gold + is a plan designed exclusively to cater to the financial needs of your children, doubling up as a savings plus child protection plan. Investing in this plan today could secure the future of your child, ensuring that he/she has a strong platform to fulfil his/her dreams.


    Eligibility Criteria for DHFL Pramerica Future Idols Gold +

    Listed below are the basic eligibility criteria which need to be satisfied.

    Minimum entry age 18 years
    Maximum entry age
    • 50 years for 15 year policy term
    • 45 years for 20 year policy term
    • 40 years for 25 year policy term
    Maximum age at maturity 65 years
    Minimum premium Rs 10,800 per year

    Key Features of DHFL Pramerica Future Idols Gold +

    Some of the highlights of DHFL Pramerica Future Idols Gold + are mentioned below.

    Plan type Child protection plus savings plan
    Plan basis Single/Individual
    Policy term
    • 15 years
    • 20 years
    • 25 years
    Premium payment term
    • 8, 10 years for 15 year term
    • 12,20 years for 20 year term
    • 15,25 years for 25 year term
    Maturity benefit Minimum maturity benefit equivalent to 1.25 times the base sum assured will be paid
    Premium payment frequency Monthly, half-yearly and yearly
    Loan Loans can be availed during emergencies, subject to certain conditions
    Surrender value Policy can be surrendered after it is active for a specific time period, with the surrender value depending on this time
    Free look period
    • Policies purchased via distance marketing can be returned within 30 days of such purchase
    • Policies purchased through other means have a free look period of 15 days
    Grace period 30 days
    Revival/Renewal Policies can be revived by paying all dues and fines within two years of first unpaid premium
    Sum assured

    Minimum – Rs 1.5 lakh

    Maximum – Rs 5 crore

    Policy coverage Death Benefit, Maturity Benefit

    Benefits/Advantages of DHFL Pramerica Future Idols Gold +

    DHFL Pramerica Future Idols Gold + aims to secure the future of investors, offering a number of benefits to them.

    • Flexibility – Policyholders have flexibility when it comes to choosing the policy term and premium payment modes.
    • Tax advantages – Policyholders are entitled to tax benefits on the premiums paid and sum received, subject to the current tax laws in place.
    • Loans - Policyholders can avail a loan against their policy, ensuring they have a contingency plan during emergencies.
    • Maturity benefit – A maturity benefit equivalent to 1.25 times the base sum assured plus any accrued bonus will be paid once the policy matures.
    • Death benefit – In the unfortunate event of demise of a policyholder, his/her nominee will receive a death benefit equivalent to the death sum assured plus any accrued bonus.
    • Bonus – Policyholders are eligible to earn a bonus on their policy, with the company sharing a portion of its profits with them.

    Working of DHFL Pramerica Future Idols Gold +

    DHFL Pramerica Future Idols Gold + has been designed keeping the interest of policyholders in mind, offering ease of use and simplicity to investors. Let us consider the example of Mr. Pradeep, a talent scout to understand the working of this DHFL Pramerica Life Policy. Pradeep, aged 35 years is married with one kid, who is 4 years old. In a bid to secure the financial future of his child, Pradeep invests in DHFL Pramerica Future Idols Gold +, choosing a policy with a 15 year term. The sum assured opted by him is Rs 15 lakhs, with the premium amounting to Rs 1 lakh annually (approximate).

    He opts to pay an annual premium for 10 years, setting aside a portion of his salary for the same. Let us consider the following scenarios to see how this policy functions.

    Scenario 1: Pradeep passes away 12 years after purchasing the policy. In such case, his nominee (wife) will receive a death benefit which is equivalent to the higher of 10 times the annualised premium or 1.25 times the base sum assured.

    Scenario 2: The policy matures after 15 years, with Pradeep and his family staying hale and hearty. In this case, he will receive a maturity benefit equivalent to 1.25 times the sum assured plus all bonuses accrued during this period.

    Premium Payment

    Policy Term Premium Payment Term Premium Payment Frequency
    15 years 8 / 10 years Monthly, yearly or half-yearly
    20 years 12 / 20 years Monthly, yearly or half-yearly
    25 years 15 / 25 years Monthly, yearly or half-yearly

    Riders

    This plan doesn’t come with additional riders (currently). The company could, however, choose to provide riders as per its discretion and one should check the same at the time of purchasing the DHFL Pramerica Child policy.

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