DHFL Pramerica Smart Cash Protect Plan

DHFL Pramerica Smart Cash Protect is a plan that takes care of the policyholder's regular and long term expenses by providing regular income through cash benefits every year along with lump sum payouts.

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Managing finances is not a very difficult task, but owing to the unpredictable nature of economy, it is better to be safe rather than sorry. It is essential for customers to manage their hard earned money in the right and investing it in the right schemes and options. One of the foolproof options is to invest in insurance plans as this will guarantee a corpus at the right time. Life Insurance options in particular provide customers with the right investment platform and also provide the family of the insured in case of his/her untimely death.

Eligibility Conditions for DHFL Pramerica Smart Cash Protect

		Premium Payment Term
		12	15	20
Entry Age	Minimum Maximum	23 years 55 years	20 years 55 years	18 years 50 years
Policy Term		70 - entry age	75 - entry age	85 - entry age
Policy Tenure - Minimum		30 years	35 years	40 years
Policy Tenure - Maximum		47 years	55 years	67 years
Maximum Age of Maturity		85 years	90 years	90 years
Premium Payment Tenure	12 years / 15 years / 20 years
Mode for Premium Payment	Yearly, Half-yearly, Monthly
Minimum Premium	Rs. 12,000
Maximum Premium	No limit and is subject to underwriting
Minimum Assured Sum	Rs. 1,25,000
Maximum Assured Sum	No limit and is subject to underwriting

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Key Features of DHFL Pramerica Smart Cash Protect

Plan Type	Insurance cum participating endowment plan
Plan Basis	Individual
Maturity Benefits	50 percent of the assured sum along with final bonus, if applicable.
Death Benefit	Applicable
Survival Benefit	Post 15th policy year
Bonus Income	Applicable
Guaranteed Income	Applicable

Benefits of DHFL Pramerica Smart Cash Protect

This DHFL Pramerica Life plan comes with numerous benefits and features.

In case of untimely demise of the insured, his/her nominee will receive an assured death benefit. In case this occurs during the first 15 years of the policy, then the nominee will receive assured death sum along with accrued reversionary bonus and final bonus if applicable. In case the policyholder's demise occurs after the 15th policy year then his/her nominee will receive assured death sum along with final bonus. The assured death sum in this case is 11 X annualised premium or 50 percent of assured sum.
After the 15th year of policy, as survival benefit, customers will receive reversionary bonus that has been accrued in those fifteen years.
Post 16th policy year until maturity, the insured will receive a bonus every year.
Post 16th policy year until maturity, the insured will receive yearly payouts which is equal to 6 percent of the assured sum.
As maturity benefit, insured will receive 50 percent of assured sum and final bonus, if applicable.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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