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Pramerica Life Dhan Suraksha Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

Pramerica Life Dhan Suraksha Plan

Pramerica Life Dhan Suraksha Plan is a Money Back Plan. Thus, it is a Traditional Plan without Bonus Facility.

 
How it works – In this plan, premium needs to be paid for the entire policy tenure as selected. This plan has Guaranteed Additions of Rs 100 per Rs 1000 of Sum Assured every year.
 
In this plan, 15% of the Sum Assured is paid back as Survival Benefit at the end of every 5 years. The remaining Sum Assured + accrued Guaranteed Additions is paid on policy maturity as Maturity Benefit.
 
However, if the Life Insured dies within the Policy Tenure, then the Sum Assured + accrued Annual Guaranteed Additions are paid to the nominee as Death Benefit and the policy terminates.
 
This policy also has additional benefit of Double Accidental Death Benefit where double the Sum Assured is paid on Accidental Death.
 

Key Features of Pramerica Life Dhan Suraksha Insurance Plan

  • It is a Non-Participating Money Back Plan without Bonus facility
  • There are Guaranteed Annual Additions in this plan of Rs 100 per Rs 1000 of Sum Assured
  • 15% of the Sum Assured is paid as Survival Benefit every 5 policy years
  • Remaining Sum Assured, after payment of Survival Benefit, along with Guaranteed Additions would be paid at the end of the Policy Tenure as Maturity Benefit
  • Sum Assured + accrued Guaranteed Additions are paid as Death Benefit if the Life Insured dies within the Policy Tenure
  • This plan has additional benefit of Double Accidental Death Benefit

COMPARE THIS PLAN WITH OTHER MONEY BACK PLANS
 

Benefits you get from Pramerica Life Dhan Suraksha Insurance Policy

Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee gets the Sum Assured + accrued Annual Guaranteed Additions as Death Benefit.
 
Survival Benefit— On survival of the Life Insured, 15% of the Sum Assured is paid as Survival Benefit every 5 policy years as Survival Benefit to the Policyholder.
 
Maturity Benefit – At the end of the Policy Tenure, the remaining Sum Assured + Annual Guaranteed Additions are paid as Maturity Benefit and the policy terminates.
 
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The Maturity Benefit is also tax free under section 10(10)D subject to fulfilment of all terms and conditions.
 
 

Eligibility conditions & other restrictions in Pramerica Life Dhan Suraksha Policy

 
Minimum
Maximum
Sum Assured (in Rs.)
40,000
No Limit
Policy Term (in years)
15, 20
25
Premium Payment Term (in years)
Equal to PT
Entry Age of Life Insured (in years)
90 days
55
Age at Maturity (in years)
-
70
Payment modes
Yearly, Half-Yearly, Quarterly and Monthly
 
 

Sample illustration of premium in Pramerica Life Dhan Suraksha Plan 

The below illustration is for a healthy Male (non-tobacco user) of 35 years of ageopting for a Sum Assured = Rs. 1 lacand Policy Term = 15, 20 and 25 years

DLF Pramerica Dhan Suraksha Plan Sample Premiums

 

Additional Features and Benefits of Pramerica Life Dhan Suraksha Plan

Riders – There is only 1 in built rider available with this plan

  1. Double Accidental Death Benefit
 

What happens if?

You stop paying the premium within first 2 year - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium. The policy can be re-instated within 3 years of lapsation by paying up all due premiums with interest.
 
You stop paying the premium within first 2 year - If the policy holder stops paying the premium after paying for 2 policy years, the policy acquires a Paid Up Value and all benefits would reduce proportionately. The policy can be re-instated within 3 years of lapsation by paying up all due premiums with interest.
 
You want to surrender the policy – The policy can be surrendered after 2 policy years. There is a Guaranteed Surrender Value available in this plan.
 
You want a loan against your policy – Loan facility is not available under this policy.



 
Other Money Back Plans from Pramerica
  • Pramerica Life Smart Money Back Plan
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