Home > Life Insurance > Term Insurance > DHFL Pramerica Life Insurance
dhfl-logo

DHFL Pramerica Life Insurance

  • We make it easy and simple to buy online policies
  • Expert advice to ensure your well informed decision
  • Save up to 50% get the apt cover for you
  • Free tax planning & genuine advise on right cover
  • Dedicated claim assistance desk

DHFL Pramerica Life Insurance

Overview
DHFL Pramerica Life Insurance Company Limited is headquartered in Gurgaon and is a joint venture between DHFL Investments Limited and Prudential International Insurance Holdings Limited which are subsidiaries of DHFL and Prudential Financial respectively. The organization operates through 108 branches in the country and as of the 31st of October, 2017. The company offers a wide range of life insurance solutions for both individuals and groups in tandem with savings, wealth creation, child and retirement plans.

DHFL Pramerica Life Insurance at a glance
  • Employs around 4,262 professionals
  • Manages around Rs. 3, 321.34 crore in assets.
  • The company has served 18 million customers till date.
  • 99.65% grievances were settled in FY 2015-2016
DHFL Pramerica Life Insurance Company Limited Term Plans
There are several Term plans available at DHFL Pramerica Life Insurance Company Limited. These Term plans come with lump sum and monthly benefits in tandem with monthly income provisions. There are several plans on offer for safeguarding one’s family, family income and more. Some offerings include Family First, U-Protect and TruShield.

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 Term Insurance Plans
  • DHFL Pramerica Family First: A term insurance plan for everyone between 18 and 50 years and guarantees a minimum benefit of Rs 4,000 per month.
  • DHFL Pramerica U-Protect: An insurance plan for people between 18 and 55 years of age at entry with the minimum sum assured being Rs 25 lakh.
  • DHFL Pramerica TruShield: A policy where you have the option to choose between limited pay and single pay premium and to choose between Level Cover or Reducing Cover Death benefit option.
  • DHFL Pramerica Family Income: It is a non-participating decreasing term plan for any individual between 18 and 55 years of age at entry. The policy offers a minimum monthly income of Rs 2,000 with no upper limit for a minimum of 36 months.

1: DHFL Pramerica Family First: It is a monthly benefit term insurance plan designed to protect your family even if you are not there. It assures a minimum benefit of Rs 4,000 per month and the policy can be taken by anyone between 18 and 50 years of age. A lump-sum equal to 20 times the monthly income is paid out immediately to your family in case of your unfortunate demise.

Advantages and Benefits
  • Assured monthly income benefit till the end of the policy term
  • Option to choose additional riders for accidental death and critical illness for greater protection
  • Lump-sum payout equal to 20 times the monthly income paid out immediately to the family in case of death of the insured
Features Description
Age at Entry Minimum: 18 years
Maximum: 50 years
Policy Term Minimum: 10 years
Maximum: 30 years
Benefit Expiry Age 65 years
Monthly Benefit Minimum: Rs 4000
Maximum: No Limit
Annual Premium Minimum: Rs 2000 for Annual, Half-yearly & Quarterly modes and Rs 2,400 for the monthly mode
Maximum: No Limit
Premium Payment Term Regular Pay
Premium Payment Frequency Annual, Half-yearly, Quarterly, Monthly

2: DHFL Pramerica U-Protect: An insurance plan in which the minimum sum assured is Rs 25 lakh for a minimum annual premium of Rs 4000. Any person between 18 and 55 years of age at entry can avail the benefits of this policy.

Advantages and Benefits
  • Option to choose policy term ranging from 10 to 30 years
  • Option to choose traditional critical illness rider that gives cover in case of 10 critical illnesses and or surgeries
  • Option to choose between yearly and half-yearly premium paying mode
Features Description
Age at Entry ( age last birthday) Minimum: 18 years
Maximum: 55 years
Policy Term Minimum: 10 years
Maximum: 30 years
Maximum Age at Policy Expiry 65 years
Sum Assured Minimum: Rs 25,00,000
Maximum: No Limit, subject to underwriting
Annual Premium Minimum: Rs 4,000
Premium Payment Term Regular Pay
Premium Payment Frequency Annual, Half-yearly

3: DHFL Pramerica TruShield: A plan that not only protects your family but also promises to return all premiums paid, in case the insured, whose minimum age must be 18 years at the time of entry, survives till the end of the policy term. You can choose between 10, 15 or 20 years policy terms.

Advantages and Benefits
  • Return of all premiums paid, excluding extra premiums, in case the insured survives till the end of the policy term
  • Option to pay the full premium in a single installments or for a limited period.
  • You can select level cover or reducing cover death benefit option as per your needs
  • Three policy terms to choose from
Features Description
Age at Entry ( age last birthday) Minimum: 18 years
Maximum:
Policy term 10 years : 56 years
Policy term 15 years : 50 years
Policy term 20 years : 45 years
Policy Term 10, 15 and 20 years
Maximum Maturity Age 65 years
Base Sum Assured Minimum: Rs 5,00,000
Maximum: Rs 50 crore, subject to underwriting
Minimum Annual Premium
  Level Benefit Reducing Benefit
Limited Pay Rs 6,395 Rs 5,960
Single Pay Rs 29,125 Rs 26,280
Premium Payment Term
Policy term (Years) Premium Payment Term (Years)
10
15
20
Single Pay or 5 years
Single Pay or 7 years
Single Pay or 10 years
Premium Payment Frequency Annual, Half-yearly

4: DHFL Pramerica Family Income: It is a non-participating decreasing term plan for any individual between 18 and 55 years of age at entry.

Advantages and Benefits
  • Option to opt for monthly regular income or lump sum payment in case of death of the insured
  • The policy offers a minimum monthly income of Rs 2,000 with no upper limit for a minimum of 36 months.
  • Facility to add accidental death and critical illness riders to make the policy more comprehensive
Features Description
Age at Entry Minimum: 18 years
Maximum: 55 years
Policy Term Minimum: 5 years
Maximum: 30 years
Benefit Expiry Age 65 years
Monthly Income Minimum: Rs 2000
Maximum: No Limit
Annual Premium According to the monthly income selected.
For annual, half-yearly & quarterly modes: minimum of Rs 1,000 per annum. For monthly mode it is Rs 1,200 per annum
Premium Payment Term Regular Pay
Premium Payment Frequency Annual, Half-yearly , Quarterly, Monthly