1. DHFL Pramerica Smart Wealth+
The salient features of the DHFL Pramerica Smart Wealth+ Plan are as follows:
- Entry Age: The minimum entry age is 8 years while the maximum is 55 years
- Maturity Age: The maximum maturity age is 75 years
- Premium: The minimum premium amount is Rs.30,000 while there is no limit to the maximum
- Policy Term: 20 years
- Premium paying term: 5, 10, 15 and 20 years
- Sum Assured: 10X annual premium (10, 20 or 15 Pay) and 7X annual premium (5 pay)
- Premium paying frequency: Yearly, half-yearly, monthly or quarterly
Benefits of DHFL Pramerica Smart Wealth+ Plan
The main benefits are are listed below:
- In the event of the death of the life insured within the policy term, the nominee receives higher of Sum Assured or Fund Value, subject to 105% of premiums paid
- This plan offers DHFL Pramerica Unit Linked Accidental Death Benefit Rider for additional protection
- You can avail of income tax benefits on paid premiums and claims under Section 80C and Section 10(10D) respectively
- Four switches are permitted on an annual basis free of cost
- You can avail of premium redirection facility
- After 5 policy years, one partial withdrawal is allowed free of cost in a year
- Upon maturity, the Fund Value is paid either in a lump sum or instalments over a period of five years
- Persistency Units are added in the 10th, 15th and the 20th years
- Premiums are invested in 4 funds, namely, Balance Fund, Debt Fund, Large Cap Equity Fund and Growth Fund
- Premiums can be paid on a Regular option or Limited Pay option basis
2. DHFL Pramerica Wealth+ Ace Plan
The salient features of DHFL Pramerica Wealth+ Ace Plan are as follows:
Entry Age: The minimum entry age is 90 days while the maximum is 65 years
Maturity Age: The maximum maturity age is 75 years
Policy Term: The minimum policy term is 10 years while the maximum is 25 years
Premium: The minimum premium amount is Rs.65,000 while there is no limit to the maximum
Premium paying term: Single pay
- Sum Assured: The minimum is 1.10 or 1.25X single premium based on the age while the maximum is Rs.10 crores
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Premium paying frequency: Yearly, half-yearly, quarterly or monthly
Benefits of DHFL Pramerica Wealth+ Ace Plan
The main benefits of DHFL Pramerica Wealth+ Ace Plan are listed below:
- In the event of the death of the life insured within the policy term, the nominee receives higher of Sum Assured or Fund Value, subject to 105% of premiums paid.
- This plan offers DHFL Pramerica Unit Linked Accidental Death Benefit Rider for additional protection
- You can avail of income tax benefits on paid premiums and claims under Section 80C and Section 10(10D) respectively.
- Four switches are permitted on an annual basis free of cost
- The plan provides Persistency Units at the end of 10 years followed by every 5 years at 2% or 2% of Fund Value (average)
- Policyholder may choose between Debt Fund, Balance Fund, Growth Fund, Large Cap Equity Fund and Liquid Fund.
- The net premium is invested in Liquid Fund under the Systematic Transfer Option and can be subsequently invested in any of the aforementioned five funds
- Under the Single Pay option, premium is paid at the commencement of the plan.
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