DHFL Pramerica Flexi Cash
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
DHFL Pramerica Flexi Cash gives you the flexibility to plan your Payment Term and your Maturity Date as per your financial requirements, thus helping you meet your financial goals. It gives you a cash benefit from beginning of the 2nd policy year provided all premium are paid up to date.
Product Description
- Pay premiums only for a limited duration
- Guaranteed Loyalty Benefit Get 10% of Annualised Premium each year from 2nd policy year
- Prepone your policy Maturity Date anytime during the Flexi Benefit period
- Create a corpus at maturity by means of bonuses on your policy
COMPARE & BUY SIMILAR PLANS
Unique Features
- The plan provides an option to prepone your Maturity Benefit during the Flexi Benefit period.Guaranteed Loyalty Benefit of 10% of the Annualised Premium each year from 2nd policy year onwards(Only during the Premium Payment Term) where Premium Payment Term is equal to 5 years, 10 years or 15 years, as the case may be.
Eligibility Criteria
| Eligibility Criteria | |||||
|---|---|---|---|---|---|
| Minimum | Maximum | ||||
| Age at Entry | 8 Years | For Policy Term 15 Years: | 60 years | ||
| For Policy Term 25 Years: | 50 Years | ||||
| For Policy Term 35 Years: | 40 Years | ||||
| Maturity Age | 75 Years | ||||
| Policy Term | 15/ 25/ 35 years | ||||
| Premium Paying Term | Policy Term | Premium Payment Term | |||
| 15 years | 5 years | ||||
| 25 years | 10 years | ||||
| 30 years | 15 years | ||||
| Base Sum Assured (Minimum) | For Policy Term 15 Years: | Rs. 1,70,000 | |||
| For Policy Term 25 and 35 Years: | Rs. 2,00,000 | ||||
| Annual Premium | Minimum: Rs. 17,000 | ||||
| Premium Paying Mode | Yearly, Half-Yearly and Monthly | ||||
| Factor Mode | Mode | Modal Factors | |||
| Annual | 1 | ||||
| Semi-Annual | 0.52 | ||||
| Monthly* | 0.09 | ||||
| Notes:- *Monthly mode of Premium payment is available only through credit card, direct debit and ECS | |||||
| Sum Assured | Sum Assured Range | Discount on base premium | |||
| 1,70,000^ to 299,999 | 0.00% | ||||
| 3,00,000 to 499,999 | 2.50% | ||||
| 5,00,000 to 799,999 | 4.50% | ||||
| 8,00,000 and above | 6.00% | ||||
OneInsure App Benefits
Product Benefit
- For age at entry less than 45 years Highest of 10 times the Annualised Premium (or) 100% of Base Sum Assured
- For age at entry 45 years and higher Highest of 7 times the Annualised Premium (or) 100% of Base Sum Assured
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Bonuses | a) Compounded Reversionary Bonus: This is a regular bonus expressed as a percentage of the total of basic sum assured and the reversionary bonus amount already attached to your policy | |||||
| b) Final Bonus: The Company may pay a final bonus as well on the termination of the policy due to death, surrender or maturity | ||||||
| Surrender Value | Policy can be surrendered after payment of premium for at least two consecutive years in full. | |||||
| On surrender, Surrender Value equal to higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) would be paid. | ||||||
| Year in which policy is surrendered |
GSV as a percentage of premiums paid (X) | |||||
| Policy Year | Policy Term | |||||
| 15 Years | 25 Years | 30 Years | ||||
| 2 | 30.00% | 30.00% | 30.00% | |||
| 3 | 30.00% | 30.00% | 30.00% | |||
| 4 | 50.00% | 50.00% | 50.00% | |||
| 5 | 55.00% | 50.00% | 50.00% | |||
| 6 | 60.00% | 55.00% | 50.00% | |||
| 7 | 65.00% | 55.00% | 55.00% | |||
| 8 | 70.00% | 60.00% | 55.00% | |||
| 9 | 75.00% | 60.00% | 55.00% | |||
| 10 | 75.00% | 65.00% | 60.00% | |||
| 11 | 75.00% | 65.00% | 60.00% | |||
| 12 | 75.00% | 70.00% | 60.00% | |||
| 13 | 75.00% | 70.00% | 65.00% | |||
| 14 | 75.00% | 75.00% | 65.00% | |||
| 15 | 75.00% | 75.00% | 65.00% | |||
| 16 | NA | 75.00% | 70.00% | |||
| 17 | NA | 75.00% | 70.00% | |||
| 18 | NA | 75.00% | 70.00% | |||
| 19 | NA | 75.00% | 75.00% | |||
| 20 | NA | 75.00% | 75.00% | |||
| 21 | NA | 75.00% | 75.00% | |||
| 22 | NA | 75.00% | 75.00% | |||
| 23 | NA | 75.00% | 75.00% | |||
| 24 | NA | 75.00% | 75.00% | |||
| 25 | NA | 75.00% | 75.00% | |||
| 26 | NA | NA | 75.00% | |||
| 27 | NA | NA | 75.00% | |||
| 28 | NA | NA | 75.00% | |||
| 29 | NA | NA | 75.00% | |||
| 30 | NA | NA | 75.00% | |||
| 31 | NA | NA | 75.00% | |||
| 32 | NA | NA | 75.00% | |||
| 33 | NA | NA | 75.00% | |||
| 34 | NA | NA | 75.00% | |||
| 35 | NA | NA | 75.00% | |||
| Notes :- On surrender, the policy would terminate and no further benefit would be paid on death or maturity. | ||||||
| Lapse | Before paying 2 complete policy years premium | |||||
| If the policyholder discontinues the premium payment before paying premium for at least two consecutive years in full, the policy will lapse without any value and no benefits would be payable | ||||||
| Paid-Up | After paying 2 complete policy years premium: | |||||
| A Reduced Paid-Up Policy would not be entitled to any future bonuses and Guaranteed Loyalty Benefits. | ||||||
| However, any bonuses already vested till the date of Reduced Paid Up shall remain vested with the policy and would be payable as part of policy benefits. | ||||||
| On Death , T/N (multiplied by) Death Sum Assured + Accrued Reversionary Bonuses till the date of policy becoming Reduced Paid-Up + Final Paid-Up bonus if any | ||||||
| On Maturity ,Paid-Up Sum Assured + Accrued Reversionary Bonuses till the date of policy becoming Reduced PaidUp + Final Paid-Up Bonus, if any | ||||||
| Notes :- Where, T = Number of premiums paid N = Number of premiums payable | ||||||
| Revive | Revival of a policy is available up to 2 years from the date of first unpaid premium | |||||
| Once the policy is revived, all the benefits and bonuses under the policy would be revived | ||||||
| Payment of all unpaid premiums with applicable interest is required to revive the policy in all cases | ||||||
Add-ons
Not Available
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.
Tax Benefits
Tax benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961
Claim Process
Know Claim Process Of DHFL Pramerica Flexi Cash
Company Overview
DHFL Pramerica Life Insurance Company Ltd is a joint venture between Dewan Housing Finance Corporation Ltd (DHFL), one of the top private sector housing finance company in India and Pramerica, a financial services leader from US and presence in Asia, Europe, and Latin America. The company’s mission is to provide quality financial advice and solution and assist customers to take right decisions to meet their life’s short term and long term financial goals.
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