Introduction/Overview
DHFL Pramerica Smart Cash Protect Plan is a participating endowment cum insurance plan with bonus facility. Policyholders receive cash benefits for staying invested for the full duration of the policy term. Thus, we find that this policy helps policyholders prepare for their future and helps them achieve their long-term financial goals along with providing protection for their loved ones.
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
The Death Sum Assured is the higher of eleven times the annualized premium or 50% of the Sum Assured. The minimum Death Benefit is at least equal to 105% of the total premiums paid until the date of death.
|
Minimum |
Maximum |
Entry Age of the Life Assured (Last Birthday) |
PPT 12 years: 23 years PPT 15 years: 20 years PPT 20 years: 18 years |
PPT 12 years: 55 years PPT 15 years: 55 years PPT 20 years: 50 years |
Maturity Age (Last Birthday) of the Life Assured (Maximum) |
PPT 12 years: 85 years PPT 15 years: 90 years PPT 20 years: 90 years |
|
Policy Term (PT) in years |
PPT 12 years: 70 – age of entry. Minimum PT: 30 years PPT 15 years: 75 - age of entry. Minimum PT: 35 years PPT 20 years: 85 – age of entry. Minimum PT: 40 years |
|
Premium Paying Term (PPT) in years |
12, 15 years, 20 years |
|
Premium Paying Frequency |
Yearly, Half-yearly, Monthly |
|
Annual Premium |
Rs. 12000 |
No limit |
Sum Assured |
Rs. 125000 |
No Limit |
|
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) |
55 |
30 |
12 |
360000 |
44075 |
484825 |
46230 |
201600 |
555345 |
261136 |
261136 |
85 |
55 |
35 |
15 |
360000 |
42912 |
472032 |
18576 |
201600 |
675864 |
276311 |
276311 |
90 |
50 |
40 |
20 |
360000 |
36248 |
398728 |
- |
201600 |
761208 |
291505 |
291505 |
90 |
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 on the condition that all premiums have been paid. The Surrender Value that is paid is the higher of the Guaranteed Surrender Value and the Special Surrender Value. If the policy does not get revived or 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 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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
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