DHFL Pramerica Rakshak Gold Plan

The future of our world lies in the hands of our children, and the future of our children lies in our hands, making planning critical towards securing a bright tomorrow for them. DHFL Pramerica Rakshak Gold is a non-participating endowment insurance policy which works as a child protection cum savings plan, providing a strong financial platform, ensuring children can live their dreams without worrying about financial constraints.

Eligibility Criteria for DHFL Pramerica Rakshak Gold

Listed below are the basic eligibility requirements for this plan.

Minimum entry age 18 years
Maximum entry age
  • 53 years for 12 year policy term
  • 47 years for 18 year policy term
Maximum age at maturity 65 years
Minimum premium

Rs 16,227 per annual payment

Rs 8,438 for half-yearly payment

Rs 1,460 for monthly payment

Key Features of DHFL Pramerica Rakshak Gold

Listed below are the key features of DHFL Pramerica Rakshak Gold.

Plan type Non-participating guaranteed endowment policy
Plan basis Single/Individual
Policy term
  • 12 years
  • 18 years
Premium payment term
  • 7 years for 12 year policy
  • 10 years for 18 year policy
Maturity benefit Maturity benefit equivalent to base sum assured plus bonus and guaranteed maturity multiple will be paid
Premium payment frequency Yearly, half-yearly and monthly
Loan Loan can be availed during emergencies, subject to certain conditions
Surrender value Surrender value will be paid if the policy is surrendered after being active for a certain period
Free look period
  • Policies purchased  via distance marketing have a 30 day free look period
  • All other policies have a 15 day free look period
Grace period 30 days
Revival/Renewal Lapsed policies can be revived by paying all dues and fines within 2 years of first unpaid premium. The company can ask policyholders to meet other criteria to renew the policy, subject to its discretion
Sum assured

Minimum – Rs 1 lakh

Maximum – Rs 5 crore

Policy coverage Death, Maturity Benefits

Benefits/Advantages of DHFL Pramerica Rakshak Gold

Some of the main advantages of investing in DHFL Pramerica Rakshak Gold are highlighted below.

  • Assured maturity benefit – Policyholders are entitled to a maturity benefit once the policy expires, ensuring they have funds at their disposal.
  • Assured additions – A policy is entitled to earn bonus and guaranteed additions, offering better returns on an investment.
  • Loan – Policyholders can avail loans against their policies, subject to the policy having acquired a surrender value.
  • Tax gains – Premiums paid and benefits received are eligible for tax benefits, helping policyholders save tax.
  • Death benefit – In the event of demise of a policyholder, his/her nominee will receive a death benefit equivalent to the sum assured plus guaranteed additions.
  • Limited premiums – Policyholders enjoy protection for the entire policy term by paying premiums only for a limited time.

Working of DHFL Pramerica Rakshak Gold

Let us understand the working of DHFL Pramerica Rakshak Gold through the example of Mr. Joseph, a music teacher. Aged 40 years, Mr. Joseph is married with two kids. He works for a reputed music school and plans on securing the future of his children by investing in this plan. He chooses a policy with a term of 18 years, paying an annual premium for 10 years. The sum assured opted by him is Rs 15 lakh.

Let us consider the following scenarios.

Scenario 1: Mr. Joseph passes away 15 years after purchasing the plan. He paid all premiums on time, keeping the policy active. In this case, his nominee will receive an amount equivalent to the base sum assured plus the guaranteed addition. Apart from this, a monthly benefit equivalent to 2% of the base sum assured will be paid for 3 years. On maturity of the policy, an additional amount equivalent to the product of base sum assured and the guaranteed maturity multiple will also be paid.

Scenario 2: The policy matures at the end of 18 years, with Mr. Joseph staying healthy and active. In this case, he will receive a maturity benefit equivalent to the product of the base sum assured and guaranteed maturity multiple. In addition to this, all accrued annual additions will also be paid to Mr. Joseph.

Premium Payment

Premium payment frequency Minimum amount
Monthly Rs 1,460
Half-yearly Rs 8,438
Yearly Rs 16,227


This DHFL Pramerica Child plan doesn’t come with any riders currently. The company can choose to add riders at its own discretion and applicants should check the same before buying the policy.

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