DHFL Pramerica Future Idols Gold
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
DLF Pramerica Future Idols Gold Plan is a Traditional Child Plan where the parent is the Life Insured but the plan is for the benefit of the child. This plan does not cover the life of a child but it is meant for the security of the child’ s future even if anything like death or total and permanent disability happens to the parent.
Product Description
- Annual Guaranteed Additions
- Enhanced Level of Cover
- Riders: Increased security with Additional Rider options
COMPARE & BUY SIMILAR PLANS
Unique Features
- DHFL Pramerica Future Idols Glod is a Traditional Child Plan where the parent is the Life Insured but the plan is for the benefit of the child.
- If parent dies or disabled within the policy tenure,future premiums are waived off and the child would receive 50% of the Sum Assured+1.5% of the Sum Assured as Monthly Payouts every month till the end of policy tenure+ the entire Sum Assured is again paid on maturity along with accumulated guaranteed additions of 3.5% of sum assured
Eligibility Criteria
| Eligibility Criteria | |||||
|---|---|---|---|---|---|
| Minimum | Maximum | ||||
| Age at Entry | 18 Years | 60 Years* | |||
| Maturity Age | 28 Years | 70 Years* | |||
| Premium Paying Term | Same as Policy Term | ||||
| Policy Term | 10 years to 25 years | ||||
| Premium Paying Mode | Yearly, Half -Yearly, Quarterly and Monthly | ||||
| Sum Assured | Rs. 50,000/- | Rs. 2,00,00,000/- | |||
| Notes :- 55 years if the Critical Illness Rider is opted. *ADB and CI riders, if opted for, will expire by age 65 | |||||
| Sample annual premiums for a standard male life for a Sum Assured of Rs. 1,50,000 are: | |||||
| Policy Term | Age 35 | Age 45 | |||
| 20 Years | Rs. 13,593 | Rs. 15,203 | |||
| Factor Mode | Mode | Modal Factors | |||
| Half Yearly | 0.52 | ||||
| Quarterly | 0.265 | ||||
| Monthly | 0.09 | ||||
OneInsure App Benefits
Product Benefit
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Special Surrender Value (SSV) | Your policy will be terminated on surrender and no further benefits will be payable. | |||||
| Surrender values are available only after 2 full year’s premiums have been paid | ||||||
| Guaranteed Surrender Value | Total premiums paid till date of surrender x Guaranteed surrender factor less Survival payouts till date of surrender |
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| Discontinued Premium | If premium is discontinued within the first 2 policy years and the grace period is over, the policy will lapse without any value. | |||||
| Within the grace period, the policy will become paid-up and the benefits payable under the policy will be reduced | ||||||
| Payable on earlier of death or occurrence of Accidental Total & Permanent Disability: {(T/N) x (50% of Sum Assured) + Accrued Annual Guaranteed Additions till the date the policy has become reduced paid-up + Accrued Annual Regular Additions till the date the policy has become reduced paid-up} | ||||||
| Payable from the date of earlier of death or Accidental Total & Permanent Disability till the end of policy term: {(T/N) x (monthly income payouts equal to 1.5% of Sum Assured)} | ||||||
| Payable at the end of the policy term: {(T/N) x (100% of Sum Assured)} | ||||||
| Notes :- Where: T = Total number of premiums paid till the policy become paid up N = Total number of premiums payable under the policy |
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| SURRENDER | Surrender Value Factor * {(T/N) × Sum Assured + Accrued Annual Guaranteed Additions till the date the policy has become reduced paid-up + Accrued Annual Regular Additions till the date the policy has become reduced paid-up } | |||||
| Notes :- Where: T=Total number of premiums paid N=Total number of premiums payable under the policy | ||||||
| Reinstatement | available for up to three years from the date of first unpaid premium | |||||
| Once the policy is reinstated, all the benefits and additions under the policy would be reinstated | ||||||
| Reinstatement up to 90 days is done at the request of the policyholder without medical declaration or examination from 90 to 180 days with medical declaration and over 180 days with medical examination | ||||||
| Loans | Loans will be available after the completion of 3 policy years, up to 90% of the Surrender Value. | |||||
Add-ons
- DHFL Pramerica Traditional Accidental Death Benefit Rider :
On death due to an accident, the beneficiary gets an Additional Sum Assured as chosen under this Rider in addition to the benefits under the base plan.
- DHFL Pramerica Traditional Critical Illness Rider :
The Rider provides protection cover against the Life Insured being diagnosed with/undergoing any of the 10 critical illnesses/conditions/surgeries namely Aorta Surgery, Blindness, Cancer, Coronary Artery Bypass Surgery, Heart Attack, Heart Valve Surgery and Stroke
The base plan and attached Riders other than this Rider continue even after the benefit payment is made under this Rider.
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.
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 Future Idols Gold
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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