DHFL Pramerica Sahaj Suraksha
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
DHFL Pramerica’s Sahaj Suraksha, an Endowment Plan, that empowers you and your family with enhanced long term protection and a lump sum benefit guaranteed at maturity, so that your decisions for the future are not held back by anything unpredictable. So take a simple step today and secure your family’s happiness!
Product Description
- This policy provides long-term life coverage until the age of 75 years
- The policyholder receives a guaranteed lump sum payout on survival maturity of the policy.
- The policy ensures that the policyholders’ wealth increases by way of the additional bonuses present in the policy.
- Option of choosing a limited premium payment term of either 15 or 20 years.
COMPARE & BUY SIMILAR PLANS
Unique Features
- DHFL Pramerica Sahaj Suraksha is traditional endowment plan with limited pay options
- The plan provides life insurance cover till age 75 years irrespective of age of entry
Eligibility Criteria
| Eligibility Criteria | ||
| Age at Entry | Minimum: 18 years | Maximum: 50 years |
| Maturity Age | 75 Years | |
| Policy Terms | (75 – Entry Age) in complete years | |
| Premium Paying Term | 15 and 20 Years | |
| Premium Paying Mode | Yearly, Half-Yearly, Quarterly and Monthly | |
| Minimum Premium | Rs. 6,144 | |
| Maximum Premium | Depends on the chosen base Sum Assured, age at entry, policy term and premium payment term | |
| Minimum Base Sum Assured | Rs. 1,00,000/- | |
| Maximum Base Sum Assured | No limit subject to underwriting | |
| Notes :- Age as on last birthday as on last policy anniversary *Substandard lives may also be covered subject to company’s underwriting manual and with any extra premium, if applicable |
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| Factor Mode | Mode | Modal Factors |
| Annual | 1 | |
| Semi-Annual | 0.52 | |
| Quarterly | 0.265 | |
| Monthly | 0.09 | |
| Notes:- *Monthly mode of Premium payment is available only through credit card, direct debit and ECS | ||
OneInsure App Benefits
Product Benefit
- Maturity Benefit:
- Basic Sum Assured;
- Accrued Reversionary Bonuses;
- Final Bonus, if any
- Survival Benefit: NA
- Bonuses:
- 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
- Interim Bonus: The Company may decide to pay a bonus to the policies resulting into claims by way of surrender, or death or maturity during the inter-valuation period.
- Final Bonus: The Company may pay a final bonus as well on the termination of the policy due to death, surrender or maturity
- Death benefit:
- Death Sum Assured;
- Accrued Reversionary Bonuses;
- Interim Bonus, if any;
- Final Bonus, if any
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Surrender | You have an option to surrender your Sahaj Suraksha policy after paying premiums for three consecutive policy years in full. | |||||
| Surrender | ||||||
| Year in which policy is surrendered |
GSV as a percentage of premiums paid (X) | |||||
| 3 | 30.00% | |||||
| 4 to 10 | 50.00% | |||||
| 11 Onwards | Increasing every year by 1.5% subject to maximum of 70% | |||||
| Notes :- On surrender, the policy would terminate and no further benefit would be paid on death or maturity. | ||||||
| Lapse | Before first three policy years | |||||
| The policy will lapse. Such lapsed Policy can be revived within a period of two years from the date of first unpaid Premium by paying all due Premium with interest | ||||||
| Paid-Up | After first three policy years | |||||
| The policy will be converted to a Paid-Up policy with following reduced benefits. | ||||||
| Paid-Up Value = Paid-Up Sum Assured + Accrued Reversionary Bonuses till the date of Paid-Up + Final Paid-Up Bonus, if any Paid-Up Sum Assured = (T/N x Basic Sum Assured) |
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| 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 | |||||
| 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 Sahaj Suraksha Plan
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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