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Private Life Insurance Company DLF Pramerica Life Insurance announced the launch of new long term savings cum protection plan – Sahaj Suraksha. This plan increases the retirement savings of the individuals thereby enabling them to continue with their existing lifestyle as well as meet the rising essential cost.
DLF Pramerica Life Insurance Company is a joint venture between DLF Limited, a leading real estate Company and Prudential International Insurance Holding Ltd., a subsidiary of a US based financial services provider, Prudential Financial Inc.
According to Mr. Pavan Dhamija, Managing Director and Chief Executive Officer of DLF Pramerica Life Insurance Company, this plan will provide a capital which will help individuals save for their future, to meet the rising cost and maintain their present standard of living, and also at the same time give protection against any unprecedented event.
This plan can be purchased even at the age of 55 or 60 years and will mature at the age of 75 years which is the maximum maturity age. At the time of maturity, the policy holder will get maturity benefit equal to sum as under:-
· Basic guaranteed amount
· Accrued revisionary bonus, and
· Final bonus, if any, which is dependent on the performance of the policy.
The salient feature of this plan is that it allows an individual to continue living independently and in case of the death of the policy holder, the death benefit of this product ensures that family’s financial requirements are taken care of.