Headquartered in Gurgaon, Pramerica Life Insurance Company Limited (formerly known as DHFL Pramerica Life Insurance Company) is a leading insurance company in India. The company started its operations in 2008 across the country and is a collaboration between Prudential International Holdings and DHFL Investments Limited, an entirely owned subsidiary of DHFL (Dewan Housing Finance Corporation Ltd.). Ever since its inception, the company has made extensive growth in terms of its customer support, distribution networks, and annual premium. It has a PAN India presence with 135 branches and 2190 employees at present and around 2.1 million lives are secured with its life insurance policies.Read more
*Tax benefit is subject to changes in tax laws.
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
DHFL Insurance company is providing a wide range of life insurance solutions to corporate and individuals thus, helping them to build a corpus to meet their life’s short and long-term goals.
Be it from urban or rural India, a viable distribution network of the company caters to specific needs of customers across the country through multiple channels of distribution such as channel partnerships, agency, and other innovative channels that address the distinct insurance needs of customers. It is the first insurance company in India to have two distribution channels that cater to the burgeoning needs of armed forces personnel and school-going children.
|Assets under management (as on 31st December 2021)||Rs. 6,081.46 Crores|
|Sum Assured (Individual)||Rs. 10,0004.56 Crores|
|Sum Assured (Group)||Rs. 93,150.91 Crores|
|Claim Settlement Ratio (CSR) 2020-21||98.61%|
The DHFL Life Insurance was bestowed with the following awards in the insurance sector-
Client Model Insurer Asia Award- Under distribution category 2014 for developing an innovative technology interface to manage service delivery in rural areas
Skoch Financial Inclusion Award 2011= For launching rural awareness campaigns in 93 villages
Best Insurer Technology Award 2011= For making life insurance solutions assessable to under-developed markets
DHFL Insurance company offers an extensive range of life insurance products that are suitable to meet the investment and life cover requirements of its customers. These insurance products have been categorized into Protection plans, child progress plans, and savings plans so that customers can easily buy the ideal one to safeguard their future. After selecting the one right plan that suits your requirements, the premium calculation is of foremost importance. DHFL Pramerica life insurance premium calculator is a free online available tool that helps estimate the premium you are required to pay.
Let’s discuss each DHFL Policy offered by Pramerica life Insurance company in detail:
DHFL Pramerica Protection plans are specifically designed to provide complete protection and financial stability to your family in case of an eventuality.
|Pramerica Protection Plans||Entry Age (Min-Max)||Maturity Age||Policy Term||Sum Assured|
|Pramerica Life Saral Jeevan Bima||18 years -75 years||70 years||For regular: 5 to 40 years For Limited: 6 to 40 years for 5 year PPT 11 to 40 years for 10 years PPT For Single Premium : 5 to 40 years||Minimum: 5 Lacs Maximum: 25 lacs|
|Pramerica Life U-Protect Plan||18 years – 55 years||65 years||10 years to 30 years||Minimum: Rs. 25 Lacs Maximum: No limit|
|Pramerica Life TruShield Plan||18 years – 55 years||65 years||7, 10, 12, 15 or 20 years||Minimum: Rs. 5 Lacs Maximum: Rs. 50 Crores|
It is a non-linked, nonparticipating individual pure risk premium life insurance policy that provides your family a safety net at low premium rates and nurtures their life goals.
Flexibility to choose policy terms from 5 to 40 years as per your protection requirements
Tax benefits can be availed as per the prevailing laws of the Income Tax Act, 1961.
In case of unforeseen demise of the policyholder during the waiting period, and provided the policy is in force, the amount of death benefit is payable as a lump sum.
A grace period of 30 days in case of yearly and half-yearly premium payment mode and 15 days in case of monthly mode.
This plan provides pure life insurance coverage for the benefit of your family. It is a non-linked nonparticipating term life insurance plan that ensures that your loved ones are secure and lead a comfortable life, even when you are not around.
Comprehensive insurance protection at low premium rates
Unique premium charges for males and female lives
Low premium rates for maintaining a healthy lifestyle such as non-smoking habits
Tax savings benefits
In case of unforeseen demise of the policyholder within the policy tenure, the policy will pay the sum assured amount chosen at commencement.
This plan is designed to take care of your family’s financial requirements in case of your unfortunate demise. It provides pure life insurance coverage along with a return of premium on maturity for the benefit of your family members.
Life insurance coverage with the extra shield cover payable on the unforeseen death of the policyholder.
Flexibility to choose the option of death benefit i.e., Reducing cover or level cover as per the requirement
Return of all the premium amount paid on the survival till the completion of the policy tenure
Tax benefits on premium paid as per prevailing tax laws
DHFL Pramerica ULIP plans not only to give you growth through market-linked investments but also provide you with a lot of flexibility to customize your plans.
|DHFL Pramerica ULIP plans||Entry Age (Min-Max)||Maturity Age||Policy Term||Sum Assured|
|Pramerica Life Smart Wealth+ Plan||8 years to 55 years||75 years||20 years||-|
|Pramerica Life Wealth+ ACE Plan||90 days to 65 years||75 years||10,15,20 or 25 years||1.25X of single premium|
|Pramerica Life Wealth Enhancer||1 years to 70 years||18 years to 75 years||5 to 20 years||Option A: 10X Single premium Option B: 1,25X Single Premium|
|Pramerica Life Wealth Maximiser||90 days to 65 years||18 years to 75 years||For limited or regular pay: 5 to 30 years For Single Pay: 5 to 10 years||Minimum: For Single pay: 1.25X SP For Regular/Limited Pay: Higher of 10XAP or 0.5 X PT X AP|
A Unit-linked, non-participating life insurance plan offers the following benefits:
Flexibility to select a regular or limited premium payment term
Wealth creation for your planned goals in life
Loyalty additions as persistency units
5 funds provide different growth levels depending on your risk appetite
Fund conversation at maturity option to protect the fund value from market fluctuations.
Pramerica Life Wealth+ ACE Plan is a single premium ULIP plan, that helps you fulfilling your planned goals by creating investment opportunities, thus facilitating a protected and secure future for your family.
At the time of maturity, fund value involving the value of persistency units will become payable
In case of unfortunate death, the policy pays a death benefit
Option to choose investment funds from four funds to invest money
Policy issued under the plan will have surrender value from 1st year of the policy
It is a non-linked non-participating single premium life insurance plan that is a perfect combination of protection and savings.
One-time payment and enjoy benefits up to 20 years
Wealth Additions started from 1st year of policy and wealth boosters are also available at regular intervals
Tax benefits on premium paid
Fund Conservation at maturity option to protect your fund value from market fluctuations
Pramerica Life Wealth Maximiser is a non-participating, non-linked life insurance plan which offers different benefits to choose from.
Flexibility to select from single, regular or limited premium payment terms
Benefits of reduced charges can be availed of on opting for higher amounts of premium
Rewards on opting longer term
Increase your life cover and funds by adding top-up premium
Option of fund conservation at maturity to protect the fund value from market fluctuations
DHFL Pramerica Life plans to help you secure your child’s education expenses by offering you affordable and simple education plans.
|Pramerica Life Child Plans||Entry Age (Min-Max)||Maturity Age||Policy Term||Sum Assured|
|Pramerica Life Rakshak Smart||91 days to 60 years||18 years to 80 years||12, 15 and 20 years||Minimum: 1,50,000 Maximum: No Limit|
|Pramerica Life Rakshak Gold||18 years to 53 years||65 years||12,15, and 18 years||Minimum: Rs. 75,000 Maximum: Rs. 5 Crore|
It is a non-linked non-participating individual life insurance plan with guaranteed benefits.
Life insurance coverage during the policy tenure to secure your family
Choose from 2 plan options: Life option and Enhanced life option
Flexibility to receive guaranteed income in yearly or monthly installments during the payout time
Tax benefits on premiums paid as per prevailing tax laws
Guaranteed benefits under the policy and all due premium amounts are paid in full
It is a non-linked non-participating endowment life insurance plan that provides money to cater to different needs such as marriage, higher education, etc.
Comprehensive/enhanced death payout
Guaranteed maturity benefit
Limited Premium payment term
Flexibility to avail loan against the policy
Tax savings benefit
|DHFL Pramerica Life Savings Plan||Entry Age (Min-Max)||Maturity Age||Policy Term||Sum Assured|
|Pramerica Life Secure Savings Plan||5 year to 60 years||18 years to 73 years||13 years||11X Annualized premium|
|Pramerica Life Smart Income||8 years to 60 years||18 years to 75 years||7 years to 20 years||11X Annualized premium|
|Pramerica Life Smart Assure||8 years to 60 years||70 years||10,12,15,16,18,20,22,24 years||Minimum: Rs. 75000 Maximum: No Limit|
|Pramerica Flexi Cash Plan||8 years to 60 years||75 years||15,25,35 years||Minimum: 1,70,000|
|Pramerica Life Smart Cash Protect||18 years to 55 years||90 years||30,35, 40 years||Minimum: Rs. 125000 Maximum: No Limit|
|Pramerica Life Roz Sanchay||8 years to 50 years||66 years||16,21 years||Minimum: Rs. 80,000 Maximum: 5 Crore|
|Pramerica Life Magnum Assure||18 years to 55 years||65 years||10 years or 15 years||-|
Pramerica Life Secure Savings Plan: The secure savings plan is savings cum protection plan that provides assured income yearly and a lump sum saving booster payable during the final income installment.
Pramerica Life Smart Income: It is a non-participating guarantee yearly income plan that offers a yearly income and flexible premium payment options throughout the tenure of the policy.
Pramerica Life Smart Assure: This is a non-participating non-linked endowment plan that provides 10 X annualized premium in form of the death benefit as well as high returns with the insurance cover.
Pramerica Flexi Cash Plan: It is an insurance plan that provides the choice to prepone the maturity benefits that also includes guaranteed loyalty benefits. It also offers options of limited pay in which life assured is required to pay premiums only for 5, 10, and 15 years.
Pramerica Life Smart Cash Protect: It is an endowment plan that offers a regular income to the life assured through annual payouts. It also provides an option of limited pay and riders to increase the cover of the base plan and maturity benefits.
Pramerica Life Roz Sanchay: This is a guaranteed endowment plan that provides life insurance coverage along with the chance to make subsidiary savings. It also provides an enhancing protection cover as a death benefit of 150 percent of the base SA.
Pramerica Life Magnum Assure: A non-participating non-linked endowment plan that provides 10 times annual premium as death benefit and high returns with the insurance cover.
It is a non-linked non-participating individual immediate annuity plan that puts all your savings into an annuity to provide you a guaranteed regular income in your retirement time.
DHFL Insurance company has a strong network of agents and third-party distributors to sell insurance plans in the market. Pramerica products are also available online through insurance aggregators.
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