Pramerica Life Dhan Suraksha Plan

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

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Guaranteed Annual Additions

Double Accidental Death Benefit

Survival Benefit every 5 policy years

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Key Features

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

Riders

There is only 1 in built rider available with this plan

Double Accidental Death Benefit

Benefits

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.

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.

Eligibility

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

FAQs

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.