DHFL Pramerica Traditional Plans

4.2 / 5 based on 22 User Reviews
*Please note that the quotes shown will be from our partners

DHFL Pramerica Life Insurance, headquartered at Gurgaon, India was launched in the year 2008.  DHFL Pramerica Life Insurance Company along with DHFL as its major stake holder, holding bout 74% of the company’s shares has evolved as one of the major insurance service providers in India. The company offers a variety of products in the form of term plans, Child Plans, Savings and Investment Plans which are available in both conventional or ULIPs form and pension plans. With about 72 branches spread all over India and over 2700 employees, the company as managed to strive as one of the best insurance service provider to the people of India.

What are Traditional / Investment Plans

Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:

  • These plans are issued for a longer term perspective and money cannot be withdrawn from the plans.
  • In case of stopping the premium payment, the plan becomes paid-up if at least three full years’ premiums have been paid. A paid-up plan has a reduced Sum Assured and the policyholder has a choice to either run the plan at the reduced coverage or surrender the plan.
  • The plans may be offered as participating or non-participating plans. Participating plans are entitled to participate in the company’s profits and earn bonuses which are not true for non-participating plans.
  • The plans may be issued either as Endowment Plans or Money Back Plans

DHFL PramericaTraditional / Investment Plans

DHFL Pramerica Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.

DHFL Pramerica AajeewanSamriddhi:

A participating insurance plan with the following benefits:

  • Offers whole life cover till the age of 99.
  • Offers guaranteed accrued additions as well as bonuses at the time of maturity of the plan.
  • Offers survival benefits consisting of accrued reversionary bonuses and accrued annual guaranteed additions. These benefits are paid to the policy holder once he reaches 65 years of age.
  • Offers maturity benefits consisting of Basic Sum Assured and Total bonus. These benefits are paid to the policy holder once he reaches 99 years of age.
  • Offers convenient and flexible premium payment term of 15 years or 20 years, dependinguponthe suitability of the customer.
  • Offers death benefits in case of untimely death of the plan holder. The benefits to be given depend upon the total policy term as well as the expired term of the policy.

Eligibility:

Parameters                                         

Minimum

Maximum

Age

8 years

50 years for 15 year policy

45 years for 20 year policy

Maturity Age

Nil

99 years

Premium Payment Term

15 years and 20 years

Premium Paying Mode

Annually, Semi Annually and monthly

Premium Amount

Rs.5500

Varies upon age at entry, minimum premium and basic Sum Assured

Sum Assured

Rs.7500

No Limit

 

DHFL Pramerica Flexi Cash:

A non-participating endowment plan with the following benefits:

  • Offers the flexibility to pre pone the maturity date during the Flexi Benefit period.
  • Offers bonus additions as well as guaranteed loyalty premium of 10% commencing from the second year of the plan issuance.
  • Offers limited premium payment term, whereby, the premium has to be paid for 5, 10 or 15 years.
  • In case of death, higher of the Sum assured or 10 times the annual premium (for entry age below 45 years) or 7 times the annual premium (for entry age above 45 years) is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • On maturity, the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder.

Eligibility:

 

Policy Term

 

15 year

25 year

35 years

Minimum Age

8

8

8

Maximum Age

60

50

40

Maximum Maturity Age

75 years

Policy Term

15

25

30

Minimum Sum Assured

Rs.170000

RS.200000

Rs.200000

Minimum Premium

Rs.17000

Premium payment term

5 years

10 years

15 years

Premium Payment modes

Yearly, half-yearly and monthly

 

DHFL Pramerica Magnum Assure:

A non-participating endowment plan offering the following benefits:

  • On maturity, the Sum Assured is paid to the policyholder.
  • Offers regular monthly income equal to a payout period which begins from the month of death of the policyholder or the maturity date of the plan.
  • Payouts can be opted for in the form of a lump sum payment or as a monthly regular income by the nominee in case of death of the buyer.
  • In case of death, higher of the Sum assured or 10 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.
  • Eligibility:

Parameters                                         

Minimum

Maximum

Age

18 years

55 years for 10 year policy

50 years for 15 year policy

Maturity Age

Nil

65 years

Premium Payment Term

Regular Pay

Premium Paying Mode

Annually and monthly

Premium Amount

Rs.5500

Varies upon age at entry, minimum premium and basic Sum Assured

Payout period

120 months for 10 year policy

180 months for 15 year policy

Policy Term

10 and 15 years

 

DHFL Pramerica Premier Gain:

A participating endowment pan with the following features:

  • On maturity or death, the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder or to the nominee of the plan.
  • In case of death, higher of the Sum assured or 10 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.
  • Offers guaranteed bonus additions as well as comprehensive insurance cover.

Eligibility:

 

Policy Term

Policy Term

10 year

15 year

20 year

25 year

Minimum Age

8 years

3 years

91 days

91 days

Maximum Age

50 years

55 years

50 days

45 days

Minimum Premium

Rs.75000

Rs.50000

Rs.50000

Rs.50000

Premium payment term

5,7 years

7, 10 years

7, 10 and15 years

10, 15 and 20 years

Premium Payment Mode

Annually

Annually, Semi Annually or Monthly

Maximum Maturity Age

70 years

Minimum Sum Assured

Rs.350000

Maximum Sum Assured

No Limit

Maximum premium

No Limit

 

DHFL Pramerica Roz Sanchay:

A non-participating endowment plan with the following benefits:

  • On maturity, 150% of the Sum Assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is paid to the policyholder.
  • In case of death, higher of the Sum assured or 10 times the annual premium (for entry age below 45 years) or 7 times the annual premium (for entry age above 45 years) or 150% of the basic sum assured is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.
  • Offers guaranteed bonus additions as well as comprehensive insurance cover.
  • Offers limited premium payment term, whereby, the premium has to be paid for 12 or 16 years.

Eligibility:

Parameters                                         

Minimum

Maximum

Age

8 years

50 years for 16 year policy

45 years for 21 year policy

Maturity Age

Nil

66 years

Premium Payment Term

12 years for 16 year policy

16 years for 21 year policy

Premium Paying Mode

Annually, Semi Annually and Monthly

Sum Assured

Rs.1 lakh for 16 year policy

Rs.2 lakhs for 21 year policy

Rs.5 Crore

 

DHFL Pramerica Sahajsurakhsha:

A participating plan which offers the following benefits:

  • Offers whole life cover till the age of 75.
  • Offers guaranteed accrued additions as well as bonuses at the time of maturity of the plan.
  • Offers survival benefits consisting of accrued reversionary bonuses and accrued annual guaranteed additions. These benefits are paid to the policy holder once he reaches 75 years of age.
  • Offers maturity benefits consisting of Basic Sum Assured and Total bonus. These benefits are paid to the policy holder once he reaches 75 years of age.
  • Offers convenient and flexible premium payment term of 15 years or 20 years, dependingupon the suitability of the customer.
  • Offers death benefits in case of untimely death of the plan holder. The benefits to be given depend upon the age of the policy holder at the time of plan issuance.

Eligibility:

Parameters                                         

Minimum

Maximum

Age

18 years

50 years

Maturity Age

75 years

Premium Payment Term

15 and 20 years

Premium Paying Mode

Annually, semi-annually, quarterly and monthly

Premium Amount

Rs.6144

Varies upon age at entry, minimum premium and premium payment term

Basic Sum Assured

Rs.100000

No Limit

 

DHFL Pramerica Smart Assure:

A non-participating endowment insurance plan with the following features:

  • Offers maturity benefits consisting of Maturity Sum Assured and Maturity additions.
  • In case of death, higher of the Sum assured or 11 times the annual premium (for entry age below 45 years) or 7 times the annual premium (for entry age above 45 years) is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

 

Policy Term

 

10 year

15 year

20 year

Minimum Age

8

8

8

Maximum Age

60

55

50

Maximum Maturity Age

70 years

Policy Term

10

15

20

Minimum Sum Assured

Rs.75000 for limited pay and Rs.100000 for regular pay, subject to a maximum of Rs.2500000.

Minimum Premium

Rs.6000

Maximum Premium

Depends upon the maximum sum assured

Premium Payment modes

Yearly, half-yearly, quarterly and monthly

 

DHFL Pramerica Cash Protect:

A participating endowment plan with the following benefits:

  • On maturity, a survival benefitalong with Bonus Income and guaranteed income amounting to 6% of the sum assured is paid to the policyholder.
  • A maturity benefit up to 50% of the sum assured along with bonus is paid.
  • In case of death, higher of the 50% of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

Eligibility:

 

Policy Term

 

12 year

15 year

20 year

Minimum Age

23

20

18

Maximum Age

55

55

50

Maximum Maturity Age

85

90

90

Premium Payment Term

12, 15 and 20 years

Minimum Sum Assured

Rs.125000

Maximum Sum Assured

No Limit

Minimum Premium

Rs.12000

Maximum Premium

No Limit

Premium Payment modes

Yearly, half-yearly and monthly

 

DHFL Pramerica Smart Income:

A non-participating annual income plan with the following benefits:

  • On maturity, an annual payouts for a duration equal to the payout period.
  • Payouts can be opted for in the form of a lump sum payment or as a regular income by the nominee in case of death of the buyer.
  • In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

Eligibility:

Parameters                                         

Minimum

Maximum

Age

8 years

55 years

Maturity Age

18 years

65 years

Policy Term

7 years

20 years

Premium Payment Term

Varies

Premium Paying Mode

Annually, Semi Annually and monthly

Payout Period

Equal to premium payment term

Premium Amount

Rs.24000

No Limit

Sum Assured

11 times the annualized premium

 

DHFL Pramerica Smart Money Back:

A participating endowment plan offering the following benefits:

  • Offers maturity benefits consisting of Basic Sum Assured and Total bonus.
  • In case of death, higher of the Sum assured or 11 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.

Eligibility:

 

Policy Term

 

16 year

20 year

Minimum Age

8

8

Maximum Age

49

45

Maximum Maturity Age

65

 

Premium Payment Term

5 or 7

7 or 10

Minimum Sum Assured

Rs.120000

Maximum Sum Assured

No Limit

Minimum Premium

Rs.15000

Maximum Premium

No Limit

Premium Payment modes

Yearly, half-yearly and monthly

 

DHFL Pramerica E Save:

An online non participating endowment plan with the following benefits:

  • Offers maturity benefits as well as death benefits.
  • Offers guaranteed additions.
  • Offers Loan facilities to the policy holder in case of financial emergencies.
  • Tax benefits as per the prevailing Tax laws are offered on paid premiums and received benefits.
  • Is available online.

Eligibility

 

Policy Term

 

10 year

15 year

20 year

Minimum Age

18

18

18

Maximum Age

55

50

40

Maximum Maturity Age

65 years

Premium Payment Term

Regular pay

Minimum Sum Assured

Varies upon age at entry, minimum premium and premium payment term

Maximum Sum Assured

No Limit

Minimum Premium

Rs.20000

Maximum Premium

No Limit

Premium Payment modes

Yearly, half-yearly, quarterly and monthly

 

Applying for a Traditional / Investment Plan from the company:

Online

The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

Intermediaries

Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Applying For Traditional Insurance through PolicyBazaar

  1. On the PolicyBazaar homepage, click on Traditional Insurance under the Personal tab.
  2. Click New Quotes to compare and choose from top insurance providers.
  3. Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
  4. Fill in your name, email address, city, country code, and mobile number. Click Continue.
  5. You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
  6. After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
  7. You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
  8. This will take you to the insurer’s website. Fill in the necessary details to buy the plan.

DHFL Pramerica Traditional Plans - FAQs

1. How to pay premium? What are the modes of payment available?

The following modes for payment are available for DHFL Pramerica Life Insurance:

  • Online or NEFT transfer
  • Through ECS
  • Through Cash or cheque at select branch office.
  • At SBI branches
  • At Axis branches

For online transaction, please visit e-portal.

 

2. How can I check policy status for DHFL Pramerica traditional plans?

Policy status can be checked by login into the personal account with the help of user Id and password and then clicking on the Policy Details tab.

3. What is the policy renewal process for DHFL Pramerica traditional plans?

For renewing a policy under DHFL Pramerica Life Insurance, there are 2 basic options:

  • Paying online
  • Cheque pick up facility

For paying online, you must visit the portal with the user id and password and enter the policy number for renewing it. Online payment options with the aid of debit card, credit card and Net banking is available.

Cheque pick up facility can also be opted, wherein the company’s staff will get the cheque from your doorsteps.

4. What is the company’s process to settle claim for DHFL Pramerica traditional plans?

For settling claim, you need to fill in and submit the mandatory documents as listed in the website for the particular category of claim, along with a cancelled cheque and a passport size photograph. Upon receiving the set of documents, the company endeavors to settle the claims within a time frame of 30 days.

Alternatively, you can track the settlement process.

5. What is the policy cancellation process for DHFL Pramerica traditional plans?

For cancellation of any existing policy, you must fill in the surrender form , fill it up completely and dispatch it to the head office. Necessary documents needs to be attached with it such as mentioned in the policy along with surrender charges. Upon receiving of the above, the policy will be cancelled on records for the holder.

For new users, a period of 15 days is given, wherein you can surrender the policy, clearing stating the reason for the same.

DHFL Pramerica Traditional Plans Reviews

TOTAL REVIEWS (22)
Nandini
Alapur
July 07, 2016

Traditional Plan

Traditional insurance plan i have which has less investment but the returns are high. Policy coverage is high and claims are good which easily cleared because of fast service. Online service is also easy and simple to access. Renewal and updates are easy to done on website.

Prashant
Agartala
June 28, 2016

Good

My Traditional insurance plan is very good which has low premiums. Service is damn good which provided by the executives of the company. Policy coverage is good and claims are simple to sanctioned due to fast service and hassle free documentation too. I like the insurance policy.

Bhupesh
Dwarka
May 18, 2016

Damn Good

The traditional policy plan i have from dhfl pramerica life insurance which is really nice plan. The premium is low and the policy coverage is around 92% and claims are high. Services is fast, so any work is done without waiting and no paper work. Good policy which save taxes. Daily updates send to me regularly. Fully satisfied.

Nakul
Ludhiana
May 18, 2016

Best Plan

I have dhfl pramerica traditional plan. The policy coverage is 87% and the claims are high which can be easily sanctioned. The service provided by the executives and staff members are fast and responsive. Nice policy plan which save taxes also. Good behaviour of executives and staff members is very nice. Best investment.

Mankaran
Gwalior
May 18, 2016

Nice Insurance

I have traditional insurance policy plan which i buy from dhfl prameirca life insurance. The policy coverage is 89% and the claims are good. The premiums are low and the claiming process is easy and sanctioned in short time period. The policy is good future investment and it saves taxes too.

Lakshay
Pune
May 18, 2016

Good Investment

Superb policy i buy i.e., dhfl pramerica traditional plan. The returns are good ~Rs.38 L in very low premiums ~Rs.10 K quarterly per year. Service is fast which facilitate by executives and all company members with nice behaviour and quick response. Daily updates are send to me regularly.

Kunal
Jhansi
May 18, 2016

Marvelous

My dhfl pramerica traditional plan is good with great facilities. Superb plan with good benefits, your service is fast and on time. Premiums are low and the policy coverage is 90% with good claims. Executives and staff members facilitate the services very nicely. Good experience, It save my taxes too. I like the plan.

Jiten
Howrah
May 18, 2016

Average Policy

The dhfl pramerica traditional plan i have is an average policy. The premium is good and the returns are okay. Services is bit slow and the behaviour of the staff members is good. Web services are good and working properly. Manageable plan.

Harish
Agalpur
May 18, 2016

Future Security

The dhfl pramerica traditional plan i have which provide me best service and good returns in low investment. The premiums are low and the policy coverage is 87% with high claims. The behaviour is good of executives and staff members. Good future investment which reduces taxes too. Really nice work guys. I like the policy.

Gaurav
Patiala
May 18, 2016

High Coverage

I own dhfl pramerica traditional plan. Plan is good and premium is low. Policy coverage is high ~90% and payback returns good too. Claiming amount is Rs.41 L. Service is fast like super sonic. The daily updates are mailed to me time to time. The service facilitate by the executives and staff members is very good and the behaviour is also nice.

Deepshikha
Kolkata
May 18, 2016

Great Plan

I have dhfl pramerica traditional plan which is really nice. Policy coverage is awesome. Claims are high ~Rs.35 L, even premiums are low ~Rs.13 K thrice per year. But the only thing is the service you provided is slow. Please improve it for better responses and for better outcomes. Nice future investment, Satisfactory for me, I like it.

Saahir
Noida
May 18, 2016

Quality Investment

DHFL pramerica traditional plan is good in services. The policy coverage is good ~89% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.39 L. Good future investment which save taxes.

Akash
Nagpur
May 18, 2016

Fine Plan

DHFL pramerica life insurance is one of the best insurance company. I took traditional insurance policy plan which provide me good service and high returns. The premiums are low and the policy coverage is high ~92% with high claims. The behaviour is good from executives and staff members. Good future investment which reduces my taxes. I like it.

Eklavaya
Mumbai
May 18, 2016

Not Satisfactory

DHFL pramerica traditional plan. The policy coverage is low that is 71% and the claim is around 27 L. Service is bit slow, please improve your services for better performance. The web service is also slow. The policy is not good for long term investment and the tax rate cutter has low percentage. Please improve the terms and conditions for better results. Okay plan.

Rahul
Kalyan
May 18, 2016

Good Traditional Plan

I have dhfl pramerica traditional plan. The policy is great with maximum benefits. The policy coverage is high ~91%. The investment is low approx. Rs.9.3 K quarterly per year. The claims are good and easily cleared without waiting. Payback amount is nice ~rs.36 L. Good future investment, Even regular updates regarding policy is send to me time to time.

Tarun
Chandigarh
May 18, 2016

Wonderful

DHFL pramerica traditional plan which has 90% policy coverage and the claims are easy to get because of fast services provided by the executives and staff members. The daily updates are texted and mailed time to time to may email id and cell number. Nice future investment and tax saving too. Good work, I like it.

Yogesh
Sonipat
May 18, 2016

Awesome

Policy has all benefits and the investments are also low. Around Rs.35 L is payback amount. DHFL pramerica life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. Fantastic future investment. Good behaviour of executives is really very impressive.

Uttam
Patna
May 18, 2016

Perfect

Policy has all benefits and the investments are also low. Around Rs.37 L is payback amount after policy end. DHFL pramerica traditional plan which has nice facilities and the service is very quick. This is good future investment which is tax saver also. The service provided by the executives is nice. Regular updates are mailed to me. Good Policy.

Imran
Manesar
May 18, 2016

Fair Policy

I own dhfl pramerica traditional plan which facilitate great services. The policy coverage is high ~89% and the premiums are low ~11 K thrice per year. The payback money is high around 37 L. The services are fast and the behaviour of the executives are really nice with policy owners. Daily updates are mailed to me.

Ojasvi
Bhiwadi
May 18, 2016

Super Policy

I have traditional policy plan from dhfl pramerica life insurance. The policy provides good coverage with low premiums. Claims are around Rs.36 L. Service always on time. The executives and staff members are facilitate great services. Daily updates are mailed to me. The behaviour of the company members are also nice. I like the policy.

Pariniti
Ahmedabad
May 18, 2016

Above Average

I invest my money in dhfl pramerica traditional plan. The policy coverage is good ~90% and the claims are high. The premiums are low ~13 K quarterly per year. Paybacks are really very good Rs.41 L. Good investment and tax saver policy plan. The executives and staff members are behave well with fast service. Good job guys.

Sandeep
Sonipat
May 12, 2016

Good Service

I have policy, dhfl pramerica traditional plan. The policy coverage is high ~91% and the premium is low. The claims are high with easy claiming process, no paperwork no tension. The service facilitate by the executives and the staff members is really very nice. Good future investment.