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DHFL Pramerica Life Insurance Company

DHFL Pramerica Life Insurance Company is one of India’s fastest growing Life Insurance company. This company provides insurance solutions not only to individual people but also to groups taking care of a customer’s financial need such as securing the future of the customer’s child, retirement planning along with savings and wealth creation.

This company was established in April 1984 by late Mr.Rajesh K Wadhawan. The company officially opened its doors for business in September 2008. This company is the product of a partnership between DHFL, i.e., Dewan Housing Fin Corp Ltd. and Prudential International Insurance Holdings Ltd.(PIIH), two renowned companies with proven excellence in business.

As of present times, the company has 88 branches all over India with a total of 3000+ employees and more than $2.5 crore assets under management.

At DPLI, workers are committed to not only give financial advice to customers, but they also guide customers to make sure that they make informed Insurance decisions to lead a better life. As the life insurance and financial problems of a person are taken care of, they can easily accomplish the short term and long term goals and lead a better, happier life.

Company’s Past performance

DHFL Pramerica Life Insurance company started with launching their Family Income Plan as their first product along with their first Life Insurance Plan. With time it reached its 1st benchmark of issuing its 100th policy.

Prahri is a unique initiative that the company has undertaken. This initiative is to serve the life insurance needs of defence personnel. With time and ease, the company crossed the 100,000 policies and the 3 million lives secured milestone.

33 years from establishment, the company and all its members still uphold the wishes of their founder. Members encourage hundreds and thousands of people to simplify their financial access. The company provides customers with home loan products, insurance services and unique fixed deposit needs that suit the customers’ needs.

Advantages and Features of this company

The benefits of DHFL Pramerica Life Insurance Co. Ltd are also its key feature

  • Flexibility to pre-pone the Maturity Date anytime during the “Flexi Benefit” period.
  • Guaranteed Loyalty Benefit of 10% of annualized premium. Premium payment term is 5, 10 or 15 years as the case may be.
  • Limited Premium payment options of 5,10 or 15 years.

Wealth Accumulation through bonus additions.

Types of products

DHFL Life Insurance provides a great number of plans not only for individual customers but also it provides plans for groups. These plans are:

Protection plans by DHFL Pramerica

  1. Family First Plan by DHFL Pramerica - death benefit of 20 times the monthly income of a person.
  2. Family Income Plan by DHFL Pramerica - Provides family with a monthly income.
  3. U-Protect Plan by DHFL Pramerica - Insurance protection with a minimum assured sum of Rs. 25 Lakhs.
  4. TruShield Plan by DHFL Pramerica - Shield cover as well as life coverage.
  5. Future Idols Gold+ Plan by DHFL Pramerica - to cover the expense of a child in the worst of situations.
  6. Rakshak+ Plan by DHFL Pramerica - offering death benefits and assured return sum
  7. Smart Fee Protect Plan by DHFL Pramerica - it is a non-participating endowment plan assuring child through a monthly income.

Savings Plans by DHFL Pramerica

  1. Flexi Cash Plan by DHFL Pramerica  - preponing maturity benefits with insurance plans.
  2. Roz sanchay Plan by DHFL Pramerica - endowment plan giving life insurance cover along with substantial savings.
  3. Aajeevan Samriddhi by DHFL Pramerica - This provides insurance till the age of 99. Ensures retirement also.
  4. Sahaj Suraksha by DHFL Pramerica - This insurance plan is provided till the age of 75 years.
  5. Smart Cash Protect Plan by DHFL Pramerica - This gives policyholders a regular income. Enhancing cover and maturity benefits.
  6. Wealth+ Ace Plan by DHFL Pramerica - Insurance cover and investment opportunities. Customers need to pay one premium to activate this plan.
  7. Smart Wealth+ Plan by DHFL Pramerica - Insurance policy provided along with investment opportunities. This is a ULIP scheme.
  8. Magnum Assure Plan by DHFL Pramerica - a non-participating endowment plan that provides monthly income to customers.
  9. Premier Gain Plan by DHFL Pramerica - offering 10 times the annualized premium as death benefit.
  10. Smart Assurance Plan by DHFL Pramerica - provides maturity additions as well as a flexible premium payment term.
  11. Smart Income Plan by DHFL Pramerica - provides annual income as well as a flexible premium payment term.
  12. Smart Money Back Plan by DHFL Pramerica - this offers regular bonuses and liquidity at preset milestones during the term of the policy with flexible policy terms.
  13. eSave Plan by DHFL Pramerica  - online non-engaging endowment plan is providing guaranteed add-ons and maturity benefits.

Group Plans by DHFL Pramerica

  1. Credit Life+ Plan by DHFL Pramerica - offers members a basic or enhanced life cover without medical along with accidents and terminal illness benefits.
  2. Term Plan by DHFL Pramerica - Provides guaranteed protections and a free-cover limit to enhance protection.
  3. Term Care Plan by DHFL Pramerica - puts members under an Assured Sum Criteria together with either fixed/reduced Assured Sum throughout policy term.
  4. Sarv Suraksha by DHFL Pramerica - offers comprehensive life cover at affordable costs.

Product Plans and details

To be eligible for any Life Insurance policies of DHFL Pramerica, an individual needs to be at least 18 years of age and less than 55 years of age. The individual should be either self-employed, a professional or must have his own business.

The documents that are required to apply for Life Insurance schemes by DHFL Pramerica are-

  • Identity Proof
  • Age proof
  • Income proof
  • Address Proof
  • PAN Number

A summary of the DHFL Pramerica Plans are as follows

1. DHFL Pramerica Protection Plan:

Type of Plan Basic Sum Assured Tenure
Family First 20 times monthly Income 10-30 years
Family Income Dependent on premium amount 5-30 years
U-Protect Rs. 25,00,000 10-30 years
TruShield Rs.5,00,000 10,15 & 20 years
Future Idols Gold+ Rs. 1,50,000 15,20 & 20 years
Rakshak+ Rs. 1,00,000 10,15 & 20 years
Rakshak Gold Rs. 1,00,000 12 & 18 years
Fee Protect Rs. 1,68,000 10 & 15 years

2. DHFL Pramerica Savings Plan:

Type of Plan

Basic Sum Assured

Tenure

Flexi Cash

15-year term -
Rs. 1,70,000
25 & 35-year term -
Rs. 2,00,000

15,25 & 35 years

Roz Sanchay

16 year term - Rs.1,00,000
21-year term -
Rs. 21,000

16 and 21 years

Aajeevan Samriddhi

Rs. 25,00,000

99 - entry age

Sahaj Suraksha

Rs.1,00,000

15 & 20 years

Smart Cash Protect

Rs. 1,25,000

12,15 & 20 years

Smart Wealth+

Dependent on Premium pay term

5, 10,15 & 20 years

Smart Wealth+ Ace

Below 45 years

1.25 times single premium

10,15,20 & 25 years

Above 45 years

1.10 times single premium

Magnum Assure

Rs. 48,000 (per annum)

10,15,20 & 25 years

Premier Gain

Rs. 3,50,000

10,15 & 20 years

Smart Assure

Regular premium pay - Rs. 1,00,000. Limited Premium pay - Rs. 75,000

10,15 & 20 years

Smart Income

11 times annualized premium

7 - 20 years

Smart Money Back

Rs. 1,20,000

16 & 20 years

eSave

Dependent on entry, age, premium & policy term

10,15 & 20 years

3. DHFL Pramerica Group Plans:

Type of Plan

Basic Sum Assured

Tenure

Credit Life+

Rs. 10,000

2 years

Term Plan

Rs. 1,000 per member

Yearly renewal

Term Care

Rs. 5,000 per member

2 years

Sarv Suraksha

Rs. 5,000 per member

Yearly renewal

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