DHFL Pramerica Roz Sanchay Plan

The DHFL Pramerica Roz Sanchay Plan is a non-participating non-linked guaranteed endowment plan with limited pay. This plan provides protection to the loved ones of the policyholders in the event of their absence. The Maturity Benefit amount that the policyholder receives is to the policyholder from the inception of the policy, hence allowing them to plan their future financial goals with ease. The Annual Guaranteed Additions provided in this policy help to exponentially increase the policyholders’ wealth and savings.

Key Features

  • The policy is a savings cum protection plan with high life coverage.
  • The premiums for this policy may be paid for limited durations of twelve and sixteen years while life cover are given for fifty and forty-five years respectively.
  • The policyholders’ savings grow with the Annual Guaranteed Additions that start accruing from the second year onwards.
  • The policy offers increasing protection in the form of the Base Death Benefit, the amount of which increases every policy year until the policy matures.


  • If the policyholder survives until the policy matures, he or she receives a Maturity Benefit. The Maturity Benefit is the 150% of the Basic Sum Assured plus the Accrued Annual Guaranteed Additions.
  • Annual Guaranteed Additions or AGAs start accruing from the fourth policy year until the end of the policy term. AGA’s accrue at the end of each policy year on the condition that all premiums have been paid.
  • In the sad event of the demise of the policyholder, the nominee receives a Death Benefit.  The Death Benefit paid is the Base Death Benefit the accrued Annual Guaranteed Additions. The Base Death Benefit is 150% of the Base Sum Assured in the first policy year and increases every policy year at a rate of 5% of the Base Sum Assured till the end of the policy term.
    • When the entry age is less than forty-five years, the Base Death Benefit is the highest of ten times the annualized premium or 150% of the Base Sum Assured or 105% of the total premiums paid until the date of death.
    • When the entry age is forty-five years or more, the Base Death Benefit is the highest of seven times the annualized premium or 150% of the Base Sum Assured or 105% of the total premiums paid until the date of death.
      • Tax benefits may be availed as per the prevailing income tax rules of the Income Tax Act.

Product Specification:




Entry Age of the Life Assured (Last Birthday)

8 years

PT 16 years: 50 years

PT 21 years: 45 years

Maturity Age (Last Birthday) of the Life Assured


66 years

Policy Term (PT) in years

16 years

21 years

Premium Paying Term (PPT) in years

For PT 16 years: 12 years

For PT 21 years: 16 years

Premium Paying Frequency

Yearly, Half-yearly, Monthly

Sum Assured

For PT 16 years: Rs. 100000

For PT 21 years: Rs. 120000

Rs. 5 crore


 Details About Premium


Guaranteed Benefits


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.)

Annual Guaranteed Additions (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.

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.
      • 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.
      • 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.

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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