DHFL Pramerica ULIP Plans

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 10^th, 15^th and the 20^th 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

• 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.