DHFL Pramerica Wealth+ Ace Plan

1. No loan facility is available under this plan
2. There are no top-up premiums available
3. At the end of five years, DHFL Pramerica will add persistency units to your unit account from the 10th policy year
4. You can invest in Systematic Investment Plans (SIP) at monthly intervals
5. Riders can be added to your plan for additional protection
6. DHFL Pramerica Wealth+ Ace has a lock-in period of five years
7. 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:

1. 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
2. Maturity Benefit: Fund Value which includes the value of persistency units is paid
3. Surrender Benefit: DHFL Pramerica Wealth+ Ace acquires surrender value (fund value - discontinuance charges) from first year
4. 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
5. Funds: The four options available under this plan are Balance Funds, Debt Funds, Large Cap Equity Funds and Growth Funds.
6. SIP: You can invest specific amounts at monthly intervals, thereby, deriving the benefit of rupee cost averaging.  
7. Switching: You can opt for switching between funds four times free of cost. You will be charged Rs.250 for each subsequent switch.  
8. 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 The minimum amount which can be withdrawn is Rs.10,000.  
9. Tax benefits as applicable under prevailing laws  
10. 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:
    

Eligibility Criteria

1. Minimum Entry Age: The following table shows the age criteria

The minimum entry age is 18 years for ADB Rider

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

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