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DHFL Pramerica Life Insurance

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DHFL Pramerica Life Insurance

DHFL Pramerica Life Insurance Company Limited is one of the country’s foremost insurance players, operating across 108 branches and with a total base of 18 million customers and counting. The company currently has Rs. 3, 321.34 crore of assets under its management and has its headquarters at Gurgaon in the National Capital Region (NCR). The company is a joint venture between the DHFL (Dewan Housing Finance Corporation Limited) owned DHFL Investments Limited (DIL) and Prudential International Insurance Holdings Limited which is owned by Prudential Financial. The company offers a variety of life insurance plans and child plans to customers along with retirement, savings and wealth creation solutions.

DHFL Pramerica Life Insurance at a glance
  • Option of financial Term till 99 years of age
  • 99.65% grievances were settled in FY 2015-2016
  • 91% of individual death claims were honoured during FY 2016-17

DHFL Pramerica Life Insurance Company Limited Pension Plans
There are several savings plans offered by DHFL Pramerica Life Insurance Company. These plans help in building up one’s savings for the future of the family and also for fulfilling personal aspirations. There are several kinds of plans including Premier Gain, Aajeevan Samriddhi, Magnum Assure, Sahaj Suraksha, Smart Money Back, Smart Income, e Save and Wealth + ACE among others.

Documentation needed to apply for DHFL Pramerica Life Insurance
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

DHFL Pramerica Pension Plans
  • DHFL Pramerica Aajeevan Samriddhi: It is a whole life participating insurance cum savings plan. It gives you a corpus at the age of 65 and financial protection till 99 years of age.

1: DHFL Pramerica Aajeevan Samriddhi: It is a whole life participating insurance cum savings plan that gives you whole life protection with retirement payout when you reach 65 years of age.

Advantages and Benefits
  • The plan provides for financial protection till 99 years of age
  • The policy provides for both survival as well as maturity benefit
  • Provision of increasing protection in the form of increasing death benefit
  • Guaranteed Additions for initial 5 years of the policy
  • Bonus accrual from the 6th year of the policy till the policyholder attains age 65
  • Maturity benefit includes base sum assured + final bonus, if any
  • Flexibility to choose from 2 Premium payment options
Features Description
Age at Entry (age last birthday) Minimum: 8 years
Premium Paying Term 15 years : 50 years
Premium Paying Term 20 years: 45 years
Policy Term 99-Entry Age in completed years
Maximum Maturity Age (age last birthday) 99 years
Sum Assured Minimum: Rs 75,000
Maximum: No Limit, subject to underwriting
Premium Minimum: Rs 5,500 (yearly)
Maximum: As per the  chosen basic sum assured, age at entry and premium payment term
Premium Payment Term 15 and 20 years
Premium Payment Frequency Annual, Half-yearly, Monthly