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  • DHFL Pramerica Aajeevan Samriddhi Plan

    DHFL Pramerica Life Insurance

    DHFL Pramerica Aajeevan Samriddhi is a life insurance plan that ensures financial protection for your family both during your lifetime and after it. It is also a great way to make sure that your post retirement expenses are taken care of.


    Eligibility Criteria for DHFL Pramerica Aajeevan Samriddhi

    Given below are the eligibility criteria for DHFL Pramerica Aajeevan Samriddhi:

    Minimum age at the time of entry 8 years
    Maximum age at the time of entry

    PPT 15 years: 50 years

    PPT 20 years: 45 years

    Maturity Age 99 years
    Policy Term (99 – Entry Age) in complete years
    Premium Paying Term 15 and 20 years
    Premium Paying Mode Yearly, Half-Yearly and Monthly
    Minimum Premium Rs. 5,500 (Yearly)
    Maximum Premium Maximum Premium depends on the premium payment term, the chosen basic sum assured and the age at entry.
    Minimum Basic Sum Assured Rs. 75,000
    Maximum Basic Sum Assured No limit subject to underwriting

    Key Features of DHFL Pramerica Aajeevan Samriddhi

    Listed below are the key important features of DHFL Pramerica Aajeevan Samriddhi

    Type A participating whole life insurance cum savings plan
    Basis Individual
    Policy terms 15 and 20 years
    Premium modes Monthly, semi-annual, annual
    Policy period Insurance coverage till the policy holder turns 99 year old. This is irrespective of what his/ her age is at the inception of the policy.
    Surrender For the first three policy years there is an option to surrender the policy after payment of premium in full.
    Guaranteed Additions For the first 5 years of the policy, Guaranteed Additions will accrue
    Increasing Protection According to the policy holder’s age, the death benefit keeps increasing. This makes sure that increasing family responsibilities are taken care of as he/ she grows older.
    Wealth Accumulation through bonus additions There is an option of bonus on your policy which means that you can build on your dreams quickly.
    Lump sum Benefit Once you attain 65 years of age, the policy will offer a lump sum payout of accrued Reversionary Bonuses and accrued Annual Guaranteed Additions so that your retirement years are comfortable.
    Enhanced Cover Until the end of the policy term, the basic death benefit at the end of premium payment term will continue
    Loan facility Once it acquires surrender value, loan facility is offered. The loan will be guaranteed up to 65% of the surrender value.
    Convenient Premium Payment Options The policy holder can choose among the option of 15 and 20 years as premium payment term
    Flexibility to borrow against the policy If in need of an emergency fund, the policy holder has the option of availing a loan against the policy
    Tax Benefit According to the prevailing tax laws, policy holder will be able to get tax benefits on the premiums paid.

    Benefits of DHFL Pramerica Aajeevan Samriddhi

    Listed below are the benefits of DHFL Pramerica Aajeevan Samriddhi

    Benefits Trigger of Benefit
    Death Benefit Within initial 5 policy years After 5 policy years till attaining age 65 as on last birthday After attaining age 65 till 99 as on last birthday
    • Accrued Guaranteed Additions
    • Basic Death Benefit
    • Accrued Reversionary Bonuses
    • Basic Death Benefit
    • Accrued Guaranteed Addition
    • Final Bonus if any
    • Final Bonus if any
    • Basic Death Benefit
    Maturity Benefit On attaining age 99 years as on last birthday i.e. at end of policy term
    • Final Bonus, if any
    • Basic Sum Assured
    Survival Benefit Survival Benefit
    • Accrued Guaranteed Additions
    • Accrued Reversionary Bonuses

    Basic Death Banefit:

    Policy Year Basic Death Benefit (For PPT 20 years) Basic Death Benefit (For PPT 15 years)
    1 - 10 Max of (11 * Annual Premium) or Basic Sum Assured Max of (11 * Annual Premium) or Basic Sum Assured
    11 - 15 Max of (16 * Annual Premium) or Basic Sum Assured Max of (16 * Annual Premium) or Basic Sum Assured
    16 + Max of (22 * Annual Premium) or Basic Sum Assured Max of (16 * Annual Premium) or Basic Sum Assured

    How does DHFL Pramerica Aajeevan Samriddhi work?

    First the policy holder must choose the basic sum assured. This amount must be a minimum of Rs. 75,000. Next is the choice of the duration for which the premiums must be paid. There is an option of 15 or 20 years. The premium payable will be calculated based on the age, the premium payment term chosen and basic sum assured.

    For the first 5 years, Guaranteed Additions will accrue annually. From the 6th policy year until the policy holder turns 65 years old, Compounded Reversionary Bonus will accrue to the policy. The reversionary bonuses will become guaranteed once this amount is accrued. Once the policy holder becomes 65 years old, he/ she will receive accrued Guaranteed Additions. This is in addition to all the accrued Reversionary Bonuses. Finally, upon policy maturity, the policy holder will receive Basic Sum Assured and Final Bonus, if any.

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