DHFL Pramerica Flexi Cash Plan

Introduction/Overview The DHFL Pramerica Flexi Cash Plan is a participating non-linked endowment plan with bonus facility. With this policy, policyholders provide protection for their family, as well as generating wealth for themselves through the features offered in this plan. A unique feature of preponing the Maturity Benefit helps policyholders to realize their goals and dreams at an earlier point of time during the policy term.

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  • Inbuilt Life Cover

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Key Features

  • The premiums for this policy may be paid for short durations of five, ten or fifteen years while life cover is given for a longer period.
  • The policyholder may opt to receive their Maturity Benefit early at any time during the Flexi Benefit period.
  • A rebate is given on high Sum Assured amounts.
  • The policyholders’ savings grow with the Guaranteed Loyalty Benefit and the Bonuses that the policy offers.


  • If the policyholder survives until the policy matures, he or she receives a Maturity Benefit. The Maturity Benefit is the Basic Sum Assured plus the Final Bonus if any.
  • In the sad and unfortunate event of the demise of the policyholder, the nominee receives a Death Benefit.  The Death Benefit paid is the Death Sum Assured plus the Accrued Reversionary Bonus and Final Bonus. The Death Sum Assured is calculated as the following:
    • When the entry age is less than 45 years, the Death Sum Assured is the higher of ten times the annualized premium or 100% of the Base Sum Assured.
    • When the entry age is 45 years or higher the Death Sum Assured is the higher of seven times the annualized premium or 100% of the Base Sum Assured.
  • Tax benefits are given as per the prevailing income tax rules of the Income Tax Act.
  • This policy provides Simple Reversionary Bonus and Terminal Bonus that accrue from the sixth policy year until the age of sixty-five and are paid as part of the Survival Benefit or Death Benefit.
  • The policyholder receives an annual Guaranteed Loyalty Benefit during the premium payment term; it is paid from the start second policy year. The Guaranteed Loyalty Benefit is 10% of the annualized premium.

Product Specification:




Entry Age of the Life Assured (Last Birthday)

8 years

PT 15 years: 60 years

PT 25 years: 50 years

PT 35 years: 40 years

Maturity Age (Last Birthday) of the Life Assured


75 years

Policy Term (PT) in years

15, 25 , 35 years

Premium Paying Term (PPT) in years

For PT15 years: 5 years

For PT 25 years: 10 years

For PT 35 years: 15 years

Premium Paying Frequency

Yearly, Half-yearly, Monthly

Annual Premium

Rs. 17000


Sum Assured

For PT 15 years : Rs. 170000

For PT 25 and 35 years: Rs. 200000

No Limit


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Details About Premium


Guaranteed Benefits

Non-Guaranteed Benefits @8%


Entry Age (yrs)

Policy Term (yrs)

Premium Payment Term (Yrs)

Sum Assured (Rs.)

Annual Premium (Rs.)

Death Benefit (Rs.) 

Surrender Value (Rs.)

Maturity Benefit  (Rs.)

Death Benefit  (Rs.)

Surrender Value  (Rs.)

Maturity Benefit (Rs.)

Maturity Age (Yrs)





































Policy Details

Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues.

Policy Termination or Surrender Benefit: The policy may be surrendered after two years of full premium payment. The Surrender Value that is paid is the higher of the Guaranteed Surrender Value and the Special Surrender Value. If policy premiums are not paid for two full years, then the policy will lapse. If the policy is not reinstated within the revival period, the policy is terminated. Termination of the policy also occurs on payment of the Maturity benefit or the Death Benefit.

Free Look Period: Policyholders have a limited free look period of fifteen days from the date of receiving policy documents to review the policy. This timeframe is extended to thirty days in case the policy was sold via distance marketing. If the policyholder does not wish to continue with the policy, then he or she can cancel the policy. The customer will receive premiums paid minus a proportionate premium for the risk borne by the company, including as any extra expenses, such as towards a medical examination or stamp duty charges.


The policyholder may choose to pre-pone their Maturity Benefit during the flexi benefit period. The flexi benefit period is dependent on the Policy Term as follows:

  • For Policy Term of 15 years, the Flexi Benefit period is anytime between ten and fifteen years.
  • For Policy Term of 25 years, Flexi Benefit period is anytime between fifteen and twenty-five years.
  • For Policy Term of 25 years, Flexi Benefit period is anytime between twenty and thirty-five years.

Additional Features or Riders

  • The revival of a lapsed policy is possible if the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium.
  • If premiums for two policy years are paid, and subsequently the policyholder fails to pay the due premiums within the Grace Period, then the policy acquires Paid- up Value.
  •  A policy loan may be availed after the policy achieves Surrender Value, on the condition that the loan amount does not exceed 80% of the Surrender Value.


  • The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover. The company will refund 80% of the premiums paid to the nominee. In case the person insured commits suicide within one year from the policy reinstatement, the nominee will receive the higher of 80% of the premiums paid or the Surrender Value.

Documents Required

The policyholder has to fill up an ‘Application form’ with photo identity proof (Passport, PAN Card or Driving License) and income proof in the form of a copy of the latest ITR or Form 16 or copies of the last three months salary slips.

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