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  • DHFL Pramerica Premier Gain Plan

    DHFL Pramerica Life Insurance

    It is not often that we come across a product which offers dual benefits, which is why DHFL Pramerica Premier Gain is a special plan in the current context. Combining the benefits of financial protection and high returns, this doubles as a protection cum growth plan, offering attractive returns on an investment. Designed for a modern lifestyle, it ensures that one can carry on with life without having to worry about the future.


    Eligibility Criteria for DHFL Pramerica Premier Gain

    Individuals need to satisfy a few basic criteria in order to be eligible for this plan.

    Minimum entry age
    • 8 years for 10 year policy term
    • 3 years for 15 year policy term
    • 91 days for 20 year policy term
    • 91 days for 25 year policy term
    Maximum entry age
    • 50 years for 10 year policy term
    • 55 years for 15 year policy term
    • 50 years for 20 year policy term
    • 45 years for 25 year policy term
    Maximum age at maturity 70 years
    Minimal annual premium
    • Rs 75,000 for policy with 10 year term
    • Rs 50,000 for other policies

    Key Features of DHFL Pramerica Premier Gain

    Some of the distinguishing features of DHFL Pramerica Premier Gain are mentioned below.

    Plan type Participating Non-Linked Endowment Insurance Policy
    Plan basis Single/Individual
    Policy term
    • 10 years
    • 15 years
    • 20 years
    • 25 years
    Premium payment term
    • 5, 7 years for 10 year policy term
    • 7, 10 years for 15 year policy term
    • 7, 10, 15 years for 20 year policy term
    • 10, 15, 20 years for 25 year policy term
    Maturity benefit Sum assured plus bonuses accrued will be paid on maturity
    Premium payment frequency
    • Monthly, quarterly, half-yearly and yearly for polices with 15, 20 and 25 year terms
    • Yearly for policies with 10 year terms
    Loan A loan can be availed against this policy, subject to certain conditions
    Surrender value Policyholders can choose to surrender a policy, with a surrender value paid depending on the time it was active for
    Free look period
    • 30 days for policies purchased through Distance Marketing
    • 15 days for all other policies

    Policyholders can choose to return the policy within this period if they disagree with the terms and conditions

    Grace period A 30 day grace period is provided to pay the premium
    Revival/Renewal Lapsed policies can be renewed by paying all dues and fines within 2 years of first unpaid premium
    Sum assured Minimum of Rs 3.5 lakhs
    Policy coverage Death Benefit, Maturity Benefit and Bonuses

    Benefits/Advantages of DHFL Pramerica Premier Gain

    Some of the major benefits of investing in DHFL Pramerica Premier Gain are mentioned below.

    • Flexibility – Policyholders have flexibility in terms of premium payment modes and protection required.
    • Limited premium payments – Premiums need to be paid only for a specific duration, offering complete protection at lower costs.
    • Bonus – Policyholders can earn a Compounded Reversionary Bonus, a Final Bonus and an Interim Bonus.
    • Loans – Policyholders can avail loans against a policy, subject to certain conditions.
    • Tax savings – Policyholders are eligible for tax benefits as per existing tax laws.
    • Maturity benefit – A maturity benefit equivalent to the sum assured plus any bonus accrued will be paid on maturity of a policy.
    • Death benefit – In the event of unfortunate demise of a policyholder, his/her nominee will receive a death benefit equivalent to the sum assured plus all bonuses accrued.

    Working of DHFL Pramerica Premier Gain

    DHFL Pramerica Premier Gain works in a manner similar to most other plans, offering maturity and death benefits to investors. Let us consider the example of Mr. Rakesh, a news presenter to understand this DHFL Pramerica Life policy. Rakesh, who is 35 years old and married with two children decides to invest in this plan, choosing a policy with a 25 year term. He invests Rs 1 lakh every year for a period of 10 years, with the sum assured being Rs 12.50 lakhs.

    Let us consider the following scenarios to explain the working of this plan.

    Scenario 1: Mr. Rakesh stays hale and hearty, with the policy maturing after 25 years. In this case he will be eligible for a maturity benefit which is equivalent to the sum assured plus the bonus accrued.

    Scenario 2: Mr. Rakesh passes away while the policy is in place. In this case, his nominee will receive the death benefit which comprises the sum assured and bonuses accrued during this period.

    Premium Payment

    Policy term Minimum annual premium Maximum annual premium
    10 years Rs 75,000 No upper limit
    15 years Rs 50,000 No upper limit
    20 years Rs 50,000 No upper limit
    25 years Rs 50,000 No upper limit

    Riders

    There are no additional riders available with this plan.

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