DHFL Pramerica Magnum Assure Plan

Securing the interest of loved ones is the top priority in most of our lives, with financial security being critical to their overall development and growth. DHFL Pramerica Magnum Assure is a non-participating endowment plan which offers steady monthly returns. Designed to offer peace of mind, this plan ensures that finances do not become an obstacle in the overall progress of a loved one.

Eligibility Criteria for DHFL Pramerica Magnum Assure

Individuals who wish to participate in this plan need to keep a few basic factors in mind.

Minimum entry age 18 years
Maximum entry age
  • 55 years for 10 year policy term
  • 50 years for 15 year policy term
Maximum age at maturity 65 years
Minimum premium Rs 48,000 per year

Key Features of DHFL Pramerica Magnum Assure

DHFL Pramerica Magnum Assure offers a number of unique features to policyholders, a few of which are mentioned below.

Plan type Non-participating Endowment Insurance Policy with assured returns
Plan basis Single
Policy term
  • 10 years
  • 15 years
Premium payment term Regular pay
Maturity benefit Maturity benefit will be paid through monthly payouts
Premium payment frequency Monthly and annual
Payout period 10 year policy – 120 months 15 year policy – 180 months
Loan Loan can be availed after the policy has acquired surrender value
Surrender value Surrender value will be paid after the policy has been active for a specific time period
Free look period
  • 30 days for policies purchased through distance marketing
  • 15 days for all other policies
Grace period A 30 day grace period is provided to complete payments
Revival/Renewal Lapsed policies can be revived by paying all dues, including fines and interest within 2 years of first unpaid premium
Sum assured NA
Policy coverage Maturity Benefit, Death Benefit

Benefits/Advantages of DHFL Pramerica Magnum Assure

Listed below are some of the benefits of DHFL Pramerica Magnum Assure.

  • Assured monthly income – Policyholders can choose to avail continuous monthly income in the payout period, with assured monthly income offered under the plan.
  • Tax benefits – Policyholders are entitled to tax benefits on the premium paid and amount received, depending on existing tax laws.
  • Loans – Policyholders can avail loans against their policies, thereby offering financial stability during emergencies.
  • Maturity benefit – A monthly maturity benefit will be paid to the policyholder after the policy reaches its maturity date.
  • Death benefit – In the event of unfortunate demise of a policyholder during the policy term, his/her nominee will receive a death benefit equivalent to the sum assured.

Working of DHFL Pramerica Magnum Assure

This plan is easy to understand and implement, with DHFL Pramerica Life putting the needs of a common citizen at the forefront of this plan. Let us consider the example of Miss Reema to understand the working of this policy. A professor by profession, Miss Reema is 35 years old and married with two children. She opts for this plan to secure their future, ensuring that finance doesn’t become a problem if something happened to her.

She opts for a policy with a 15 year term, choosing to pay the premium every month. The sum assured chosen by her is Rs 10 lakhs. Let us consider the following scenarios to explain how this policy works.

Scenario 1: Miss Reema passes away 10 years after she purchased the plan. In this event, her nominee (husband) will receive a monthly payment for 180 months from the date of her demise. This monthly payment is part of the sum assured, ensuring that the family has regular income even after her death.

Scenario 2: Miss Reema stays healthy and safe, with the policy maturing after 15 years. In this case, she will receive a maturity benefit which will be paid to her every month for a specified time period.

Premium Payment

Policyholders can choose to pay the premium every month or annually, for the entire duration of their policy. While the minimum annual premium is Rs 48,000, they can choose to enhance this amount as per their requirement.


There are no additional riders available with this plan.

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