• DHFL Pramerica Child Plans

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    Life is unpredictable and this fact cannot be contested. This unpredictability can either be positive or negative depending on the situation. Although the situation seems worrisome, there are ways in which people can safeguard themselves from the everyday risk. Financial security is paramount as it provides some kind of a safety blanket in uncertain times. But financial security is not very predictable either, hence it is highly recommended that customers procure life insurance.

    It not only provides financial safety to the insured’s family in cases of unfortunate events, but it also allows them to lead their life a little more peacefully.There are also certain specific plans targeted towards different members of the family, such as children. These plans ensure that children of the insured are taken care of in case of an untoward event happening.

    Why DHFL Pramerica Child Plans?

    One of the premier life insurance companies in India, DHFL Pramerica has its headquarters in India and is one of the fastest growing companies in the country currently. A wide range of life insurance services is offered by them based on various requirements. Popular plans include those working towards providing a safe and secure environment for children. Three such plans include DHFL Pramerica Rakshak+, DHFL Pramerica Rakshak Gold and the DHFL Pramerica Future Idols Gold+. These plans ensure that the children of the insured are provided with adequate financial security in case of the insured’s untimely demise.

    1. DHFL Pramerica Rakshak+

      A Guaranteed Endowment plan that is non participating, the Rakshak+ plan has been conceived so as to protect the future of the insured’s child. A corpus is created at maturity due to additions that are guaranteed on the policy along with monthly, immediate payouts along with one at maturity benefit in case of the insured’s untimely death. Customers between the ages of 18 to 33 can procure this plan along with 65 years being the maximum age of maturity.

      Benefits of this plan include -

      1. Death Benefit

        In case of untimely demise of the insured during the policy term and when it is in force, the nominee will receive the ‘Death Sum Assured’ as well as the ‘Accrued Annual Regular Additions’.

      2. Maturity Benefit

        In case the insured survives until the date of maturity of the policy and the policy is in force for the complete policy benefits, the insured will receive an amount that is is equal to the amount that is Guaranteed Maturity Multiple multiplied by Base Sum that has been Assured with the addition of accrued Yearly Guaranteed Additions.

      3. Guaranteed Maturity Multiple

        This refers to the factor that has been applied to ‘Paid-Up Sum Assured’ or ‘Base sum Assured so as to calculate the amount payable as benefit post maturity of policy. The Guaranteed Maturity Multiple depends on the term of the policy chosen by the insured.

      4. Annual Guaranteed Addition

        This amount increases after every three years of policy. It will be gathered to the policy post the completed policy year.

    2. DHFL Pramerica Rakshak Gold

      A Non Participating Insurance plan that offers guaranteed endowment, the Rakshak Gold plan provides protection for the family in case of the insured’s untimely death. The minimum sum assured is Rs.1 lakh. Some of the key benefits offered in this plan are as given below -

      1. Comprehensive Death Benefit

        Upon the demise of the insured, the nominee will receive immediate lump sum benefit along with a recurring benefit every month and a final benefit of a lump sum amount that will be paid post maturity of policy.

      2. Maturity Benefit

        After maturity of the policy term and in case the policy is in force for the complete benefits, the insured will receive an amount that is is equal to the amount that is Guaranteed Maturity Multiple multiplied by Base Sum that has been Assured with the addition of accrued Yearly Guaranteed Additions.

      3. Tax Benefit

        Due to prevailing tax laws, customers can also receive tax benefits by procuring this insurance plan.

      4. Guaranteed Maturity Multiple

        This is the factor that has been applied to ‘Paid-Up Sum Assured’ or ‘Base sum Assured so as to calculate the amount payable as benefit post maturity of policy. Policy term determines the Guaranteed Maturity Multiple.

      5. Annual Guaranteed Addition

        This amount increases after every three years of policy. It will be gathered to the policy post the completed policy year.

      6. Loan

        Customers can take a loan against the policy in times of need.

    3. DHFL Pramerica Future Idols Gold+

      Unlike the previous two plans, the Future Idols Gold+ plan from DHFL Pramerica is a Participating plan offering Traditional Child Protection. It also doubles up as savings scheme as well. Through the bonuses available on the policy, a corpus is provided at maturity of the policy. In case of the untimely demise of the insured the nominee is provided with monthly payouts, immediate payout and also a final benefit at maturity. The minimum amount assured under this plan is Rs.1,50,000.

      Other benefits include -

      1. Death Benefit

        In case of the untimely and unfortunate death of the insured, the nominee will be paid the ‘Death Sum Assured’ in addition to the ‘Accrued Reversionary Bonuses’ along with the interval bonus and the final bonus, will be payable as long as the policy is in force.

      2. Maturity Benefit

        On survival of the insured until the policy’s end, he/she will receive a benefit upon maturity that is equal to 125 percent of the ‘Base Sum Assured’ that has been chosen at the beginning along with an ‘Accrued Reversionary Bonus’ and a final bonus provided the policy is still in force.

      3. Bonus

        A ‘compounded reversionary bonus’ has been declared yearly. Apart from this, a final bonus may also be payable. The bonus is guaranteed and depends on the performance of the participant.

    Example

    ABC had chosen the Rakshak Gold policy from DHFL Pramerica life for a term of 15 years. The amount payable as premium was Rs. 1,50,000. Due to his untimely death his nominee received the lump sum benefit as he had subscribed to the Rakshak Gold plan.

    Tips

    There are numerous life insurance options available today, from a multitude of private companies. Each come with a different set of benefits and features though a majority might remain the same. However, customers are advised to not get overwhelmed by the sheer amount of choices but to research and understand all their options. By doing so, they will be able to choose a policy that is advantageous to them and fits their needs and requirements completely. Factors such as financial status, tax benefits, timeframes should be considered before opting for a plan.

    No plagiarism which is awesome!

    Good quality file. Few recurring errors which can be easily fixed.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

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

    DHFL Pramerica Child Plans Reviews

  • Page 1 of 1
    • DHFL Pramerica Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold life insurance policy with DHFL PRAMERICA LIFE INSURANCE from last 4 years, this policy has to be renewed every year in order to continue. I pay a premium of Rs 35000 on annual basis through online and i am also convenient with the payment options which they are giving. The customer service and their response is good. I am also satisfied with the coverage and benefits of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • DHFL Pramerica Life Insurance
      "RAJESH SEHGAL"
      0.5 0.5/5 "Unacceptable"
      I have taken DHFL-Dhan Suraksha Plan with an anuual premium of Rs.30000. After paying premium for a tenure of 7 years (Rs.210,000) my surrender value is Rs.120,000/- only and there is also not a good return if I will pay for 15 years of policy. Its a big disappointment and fake commitment given by DHFL.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 04, 2017
    • DHFL Pramerica Life Insurance
      "Nice"
      0.5 4.0/5 "Great!"
      I took the life insurance policy with the DHFL pramerica and the premium is around 26000 Rupees per annum and I got it as add-on while I got the loan. Services with them is good and I have not much concerned with them. Premium payment is good and its the single shot payment, also I have not experienced with them much till now.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 15, 2017
    • DHFL Pramerica Life Insurance
      "Make it better"
      0.5 4.0/5 "Great!"
      I am having life insurance policy with the DHFL pramerica and the premium is around 1 lakh Rupees per annum and the tenure is around eighteen years of time and after that I will get around 18 lakh Rupees as the tenure for around ten years of time as payment period, also for the coverage of 50 lakh Rupees.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 13, 2017
    • DHFL Pramerica Life Insurance
      "Good policy!"
      0.5 5.0/5 "Blown Away!"
      I have taken a term policy with DHFL Pramerica. Premium payment is getting deducted from my account on monthly basis through ECS manner. Before 6 months, I have started this policy and this is only for the risk factor. I am really satisfied in signing a policy with them.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 04, 2016
    • DHFL Pramerica Life Insurance
      "good it is.."
      0.5 4.0/5 "Great!"
      As along with the home loan this life insurance been provided to me. I availed loan amount of 22 lakhs and the plan will give good benefits. At any time I can close the plan at DHFL Pramerica Life insurance and settle the amount for the loan. Premium is 20thousand per annum.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 30, 2016
    • DHFL Pramerica Life Insurance
      "DHFL Practicing Fraud insurace Policy "
      0.5 1.0/5 "Really Bad"
      Dear Sir, greeting for the day!! One of agents has told you will get Rs3,00,000 loan by doing the policy. So, i proceed to make policy and I received the policy bond also. I found the is was not give which was told to me. and my signature was duplicate. and I informed the customer care when they called me for confirmation. Then i was following with agent for the above & loan (reference number is PB1698DF) The lead was Preeti, Deepak, & they called from below numbers +91 9311738861;+91 9312612331;+91 9312625310; whats up no 9560778228. Till today no response.. This is not mistake of agent , But it is total mistake of DHFL who keep such agents for make money. If we ask you will tell IRDA rules. It is 100% mistake of DHFL ........DHFL Practicing Fraud insurace Policy
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 11, 2016
    • DHFL Pramerica Life Insurance
      "Great "
      0.5 4.0/5 "Great!"
      DHFL pramerica life insurance is the one which will have the tenure of 11 years of time. I am paying around 11000 Rupees as the premium per year of time and I been with them from the last three years of time. The services are quite good with them.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jan 11, 2016
    • DHFL Pramerica Life Insurance
      "Recommendable..."
      0.5 4.5/5 "Excellent!"
      I have taken life insurance from DHFL. It covers the over all housing cast. Other than no benefit. But my suggestion is, I recommend the people to go with DHFL. Policy coverage is for 10 lakhs. I used to make the premium amount which is 30k per annual.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 19, 2015
    • DHFL Pramerica Life Insurance
      "Not Trustworthy"
      0.5 3.0/5 "Satisfactory"
      DHFL Pramerica life insurance has not informed me the right information on the plan benefits. To improve the sales. They have given me the wrong information. It is a life time policy. The tenure is for 15 years. The premium is paid on a half yearly basis. The payments can be done online.
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 30, 2015
    • DHFL Pramerica Life Insurance
      "Never recommend..."
      0.5 2.0/5 "Expected more"
      It is a traditional plan that offered along with my home loan. For 17 years of tenure I need to pay the premium and the maturity amount would be ten times of the premium amount. As this life insurance covers whole life and risk factors are also covered. I never recommend DHFL Pramerica life insurance.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 29, 2015
    • DHFL Pramerica Life Insurance
      "Excellent and Swift"
      0.5 5.0/5 "Blown Away!"
      The Bank Bazaar team helped me to select the right bank with lowest interest rates. Their Customer Service is so much brilliant and swift. Their website has taken care of everything and it is very help full to a common man. Thanks to Bank Bazaar that today I am having a house of my own.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 13, 2015
    • DHFL Pramerica Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken my Life Insurance policy from DHFL PRAMERICA LIFE INSURANCE which is of twenty years. I just completed three years now, the major benefit on this policy is like gives an life coverage. After completion of 58 years I will be getting some benefits on this policy. Per year I am making my premium of 12k.
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 10, 2015
    • DHFL Pramerica Life Insurance
      "Not happy about services...."
      0.5 2.5/5 "Just OK"
      When I missed a payment there were lots of deductions and charges. I am just planning to withdraw the deposited amount on life insurance with DHFL Pramerica life insurance. I was informed that there would be no lockin period to close the plan but now they are saying that only they can give 50% of the invested amount. Branches are very less as they donâ??t have network in all the places.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 07, 2015
    • DHFL Pramerica Life Insurance
      "Customer service has to be improved!!"
      0.5 3.0/5 "Satisfactory"
      The term policy taken from DHFL Life insurnace, the coverage is for 30 years. Incase of any issues my nominee will get a sum assured.The premium is paid every half yearly through online or the agent will come to collect the payment. The customer service is average is because when I submitted the cheque I still did not receive any receipts. The local team has to be improved.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 14, 2015
    • DHFL Pramerica Life Insurance
      "Satisfied!!!"
      0.5 3.0/5 "Satisfactory"
      I have opted for annual premium and life insurance with DHFL Pramerica is good where they are providing death coverage. Coverage would be like of 75% but not very sure. DHFL is offering tax benefit. Employees should be in touch with the customer frequently because they are not contacting customers once the policy get opened.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 17, 2015
    • DHFL Pramerica Life Insurance
      "Excellent customer service!!!!!!!!"
      0.5 5.0/5 "Blown Away!"
      DHFL PRAMERICA LIFE INSURANCE provided the insurance policies also. Initially I was unaware that they will provide insurances. However they do. Its an yearly premium policy where I will able to pay easily . Branch was near to my home so no hassle in payment . Overall they are good. The best part was they are providing quick response for all customers
      Was this review helpful? 7
      , bangalore
      Reviewed on Oct 02, 2014
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