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DHFL Pramerica Wealth+ Ace Plan

DHFL Pramerica Wealth+ Ace is a unit-linked single premium insurance plan. The plan offers high returns and life insurance benefits. What’s more, it offers opportunities for wealth creation. You can invest in SIPs and increase the level of protection by adding riders.

Features of DHFL Pramerica Wealth+ Ace

The salient features of DHFL Pramerica Wealth+ Ace are listed below:

  • Premium can be paid as a lump sum amount
  • No loan facility is available under this plan
  • There are no top-up premiums available
  • At the end of five years, DHFL Pramerica will add persistency units to your unit account from the 10th policy year
  • You can invest in Systematic Investment Plans (SIP) at monthly intervals
  • Riders can be added to your plan for additional protection
  • DHFL Pramerica Wealth+ Ace has a lock-in period of five years
  • You can choose any one policy term from four options - 10, 15, 20 or 25 years

Benefits of DHFL Pramerica Wealth+ Ace

The main benefits of DHFL Pramerica Wealth+ Ace are as follows:

  • Death Benefit: In the event of death, higher of Sum Assured or Fund Value (including persistency units’ value) or 105% of paid premiums is payable
  • Maturity Benefit: Fund Value which includes the value of persistency units is paid
  • Surrender Benefit: DHFL Pramerica Wealth+ Ace acquires surrender value (fund value - discontinuance charges) from first year
  • Riders: You can avail of Unit-Linked Accidental Death Benefit under this plan. On death, the basic death benefit plus the rider sum assured is paid. The maximum cover should not be more than the Sum Assured of the basic plan
  • Funds: The four options available under this plan are Balance Funds, Debt Funds, Large Cap Equity Funds and Growth Funds
  • Persistency units: A percentage of fund value (average) of 36 anniversaries (monthly) will be added to your account at the end of five years. The following table shows the details

    Band 1 (Rs.65,000 to Rs.1,99,999) 1.50% (persistency units)
    Band 2 (Rs.2 lakh onwards) 2% (persistency units)
  • SIP: You can invest specific amounts at monthly intervals, thereby, deriving the benefit of rupee cost averaging.
  • Switching: You can opt for switching between funds four times free of cost. You will be charged Rs.250 for each subsequent switch.
  • Partial withdrawals: You can avail of the partial withdrawal facility after a period of five years from policy commencement. The minimum amount which can be withdrawn is Rs.10,000.
  • Tax benefits as applicable under prevailing laws

Eligibility Criteria

  • Minimum Entry Age: The following table shows the age criteria
Entry Age Policy Term
8 years 10 years
3 years 15 years
90 days 20 to 25 years

The minimum entry age is 18 years for ADB Rider

  • Maximum Entry Age: 65 years ; 60 years (ADB Rider)
  • Maximum Maturity Age: 75 years
  • Premium payment term: Single Pay
  • Policy term: 10, 15, 20 or 25 years
  • Minimum premium (single): Rs.65,000
  • Maximum premium (single): Depends on maximum Sum Assured
  • Sum Assured: 1.25X single premium (entry age under 45 years); 1.10X single premium (entry age above 45 years). Maximum- Rs.10 crores

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

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