How much Life Insurance do I need?

A. The need for Life Insurance is based on various factors including your current lifestyle, expected outflows in future, your present age and family size.

Can I change my nomination?

A. Yes. You can change your nomination at any time during the policy tenure till the maturity date.

What details I have to provide about the nominee/s?

A. The following details are necessary when filling in the proposal form:.Full name of the nominee Address Age Relationship between you and the nominee.

I am serving in the armed forces, can I buy this plan? What are the exclusions for the same?

A. Yes. You can buy this plan. There are NO exclusions apart from the exclusions in terms of suicidal death.

When does the risk cover for the policy start?

A. The risk cover starts as soon as the policy period begins.

How does the DHFL Pramerica Term Plan work?

A. Choose any of the plans and monthly income benefit that you would like your family to receive every month.Choose the tenure of the plan. Choose any or both the optional riders if you wish to. Work out the premium payable. Once the cover period begins, the benefits would be paid in case of eventualities.

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Pramerica Term Insurance

Pramerica provides a host of life insurance policies suited to a policyholder's protected cum savings plan needs.

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Types o Pramerica Term Plans:

The different policies under DHFL Pramerica Term Plans are mentioned below:

DHFL Pramerica Family Income
DHFL Pramerica Family First
DHFL Pramerica U Protect

DHFL Pramerica Family Income

DHFL Pramerica Family Income plan is a non-participating decreasing Term Plan that helps take care of the policyholder's family's financial requirements in his absence. The benefits are in the form of monthly payouts.

Parameters	Minimum	Maximum
Entry Age	18 years	55 years
Policy Term	5 years	30 years
Benefit Expiry Age	-	65 years
Monthly Benefit	Rs 2000	No limit
Premium	Depends on the monthly income selected subject to the minimum of Rs 1,000 p.a. (for annual,semi-annual & quarterly modes) Rs 1,200 p.a for monthly mode	No limit
Premium Payment Option	Regular Pay
Premium Payment Modes	Annual/Semi-annual/Quarterly/Monthly

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DHFL Pramerica Family First

DHFL Pramerica Family First protection plan is a monthly benefit term insurance plan designed to protect the policyholder's family during the financial gaps in their lives, post the absence of the life insured.

Parameters	Minimum	Maximum
Entry Age	18 years	50 years
Policy Term	10 years	30 years
Benefit Expiry Age	-	65 years
Monthly Benefit	Rs 4000	No limit
Premium	Rs 2000 for Annual, Semi Annual & Quarterly modes and for monthly mode the annual premium is Rs 2400	No limit
Premium Payment Option	Regular Pay
Premium Payment Modes	Annual/Semi-annual/Quarterly/Monthly

DHFL Pramerica U-Protect

DHFL Pramerica U-Protect is a term insurance plan that is designed to ensure that the policyholder's family is financially secure, even after his death.

Parameters	Minimum	Maximum
Entry Age	18 years	55 years
Policy Term	10 years	30 years
Benefit Expiry Age	-	65 years
Premium	Rs 4000	No limit
Sum assured	Rs 25,00,000	No limit
Premium Payment Option	Regular Pay
Premium Payment Modes	Yearly, Half Yearly

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Key Features of DHFL Pramerica Term Plans:

Comprehensive insurance protection plan at nominal cost.
Attractive premium rates for male and female lives
Enhanced cover with optional Accidental Death Benefit Rider and Critical Illness Rider
Tax benefits as applicable.
Lump Sum Benefit equal to 20 times the monthly benefit income chosen.

Example of DHFL Pramerica Term Plan

Mr. Shyam, a non-smoker, aged 35 buys Pramerica Term Plan for a sum Assured of Rs. 50,00,000 for a policy term of 20 Years, on an annual mode. He pays a premium of Rs 7,750. On his accidental death, his family received the entire sum assured.

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

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DHFL Pramerica Term Plans FAQs:

How much Life Insurance do I need?
A. The need for Life Insurance is based on various factors including your current lifestyle, expected outflows in future, your present age and family size.
Can I change my nomination?
A. Yes. You can change your nomination at any time during the policy tenure till the maturity date.
What details I have to provide about the nominee/s?
A. The following details are necessary when filling in the proposal form:
1. Full name of the nominee
2. Address
3. Age
4. Relationship between you and the nominee
I am serving in the armed forces, can I buy this plan? What are the exclusions for the same?
A. Yes. You can buy this plan. There are NO exclusions apart from the exclusions in terms of suicidal death.
When does the risk cover for the policy start?
A. The risk cover starts as soon as the policy period begins.
How does the DHFL Pramerica Term Plan work?
A.Choose any of the plans and monthly income benefit that you would like your family to receive every month.
1. Choose the tenure of the plan.
2. Choose any or both the optional riders if you wish to.
3. Work out the premium payable.
4. Once the cover period begins, the benefits would be paid in case of eventualities.

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