DHFL Pramerica Flexi Cash Plan

Life often throws unexpected scenarios which test our resources, with flexibility being a key factor in determining the outcome. DHFL’s Pramerica Flexi Cash is a specialised product which offers flexibility to individuals, providing them an opportunity to monitor and modify their policy to meet changing lifestyles. Access to accumulated savings at any point during the plan ensure that emergencies can be handled without impacting overall quality of life.

Eligibility Criteria for DHFL Pramerica Flexi Cash

Minimum entry age 8 years
Maximum entry age

60 years for policies with 15 year term

50 years for policies with 25 year term

40 years for policies with 35 year term

Maximum age at maturity 75 years
Minimum premium Rs 17,000 per year

Key Features of DHFL Pramerica Flexi Cash

Some of the key features of this plan are highlighted in the table below.

Plan type Participating Non-Linked Endowment Plan
Plan basis Single
Policy term
  • 15 years
  • 25 years
  • 35 years
Premium payment term
  • 5 years for 15 year policy term
  • 10 years for 25 year policy term
  • 15 years for 35 year policy term
Maturity benefit Maturity benefit equivalent to Base Sum Assured will be provided
Premium payment frequency Annual, monthly or semi-annual
Loan Loan facility available, subject to certain conditions
Free look period 30 days for policies sold through distance marketing and 15 days for policies sold through other means
Grace period A 30 day grace period is provided under the plan
Revival/Renewal Lapsed policies can be revived by paying all dues within 2 years of first unpaid premium. Additional fines and interest may be applicable
Sum assured Minimum sum assured is Rs 1.7 lakh for 15 year policy term. It is Rs 2 lakh for other policy terms
Policy coverage Death Benefit, Maturity Benefit, Assured Loyalty Benefit

Benefits/Advantages of DHFL Pramerica Flexi Cash

Some of the unique advantages of DHFL Pramerica Flexi Cash Plan are highlighted below.

  • Flexibility – Policyholders have flexibility in terms of access to funds, loans and availing maturity benefits.
  • Bonus Additions – Each policy is eligible to earn a bonus, resulting in additional wealth generation.
  • Assured Loyalty Benefit – Policyholders are entitled to assured loyalty benefits equivalent to 10% of the annualised premium, subject to the policy being in force for a certain time.
  • Tax Benefits – Policyholders can avail tax benefits on the premiums paid and amount received, subject to existing tax laws in the country.
  • Death Benefit – In the event of unfortunate demise of life insured while the policy is in force, a sum equivalent to the death sum assured plus accrued bonuses will be paid to the nominee.
  • Maturity Benefit – Policyholders are entitled to a Maturity Benefit equivalent to the sum assured and all accrued bonuses on maturity of the policy.

Working of DHFL Pramerica Flexi Cash

DHFL’s Pramerica Flexi Cash Plan has been designed to make it easy to understand and use, ensuring that eligible policyholders can utilise the benefits of this scheme without worrying about its working. Let us consider the example of Mr. Kumar, a 35 year old engineer to understand the working of this DHFL Pramerica Life plan. He decides to secure the future of his family by investing in DHFL Pramerica Flexi Cash, choosing a 25 year policy term with a sum assured of Rs 10 lakhs. He pays an annual premium for 10 years, nominating his wife as the heir to the death benefit in case of his demise.

Let us consider the following scenarios.

Mr. Kumar passes away 15 years after purchasing the plan. In this case, his wife will receive the death benefit equivalent to the sum assured plus all bonuses accrued. The death sum assured is the higher of the base sum assured or 10 times the annualised premium, which in this case is likely to be over Rs 10 lakhs due to the bonuses accrued.

Mr. Kumar leads a healthy life, with the policy maturing after the completion of 25 years. In this case he will receive the maturity benefit equivalent to the sum assured plus all bonuses accrued. Mr. Kumar could also choose to prepone the maturity benefit to meet any financial emergency, having the option to modify the plan to suit current requirements.

Premium Payment

Premiums can be paid either monthly, yearly or semi-annually, with policyholders having flexibility in terms of choosing their premium payment frequency. The number of years for which premium should be paid depends on the policy term opted by an individual, with the premium payment term ranging between 5 and 15 years.


This DHFL Pramerica Savings Plan does not provide an option for additional riders for this plan. The company can however, choose to add riders as per its discretion and individuals can check their availability at the time of buying this plan.

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