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Defence personnel has dedicated their lives to protecting their country. Yet, when it comes to securing themselves and their loved ones from the uncertainties of life, existing life insurance policies are often not sufficient. A critical need of the defence personnel is to increase their basic present plan with a plan that is personalized to their specific requirements. Here, Prahri comes into play. DHFL life Insurance for army (PRAHRI) is an initiative designed specifically for the forces. Prahri insurance includes plans which work to secure the defence personnel and their loved ones.
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Pramerica Life Insurance Ltd. provides a comprehensive range of life insurance solutions catering to different financial protection requirements of individuals as well as groups. Prahri (DHFL Insurance for army) is an initiative by PLIL that was introduced in 2009 to offer life insurance coverage for all types of risk to military services that include, war and war-like situations under all cases. Prahri insurance was propelled with the aim of providing end-to-end monetary solutions to Defence services personnel. DHFL Life Insurance is the only company among 23 insurers licensed by IRDAI that provides coverage against all military-related risks without exceptions through a committed service channel.
The dedicated sales team of DHFL Army policy –Prahri Insurance includes family members of the defence personnel and ex-servicemen, helps to understand the requirements in a better way and address your concerns more efficiently. DHFL Prahri life insurance has more than 1200 dependents working with PLIL presently.
Pramerica Life Insurance Prahri offers various benefits and is quite different from other plans as well. Here’s a quick laydown of the benefits of DHFL Prahri life insurance:
Products cover war and war-like cases: Differentiated service and products agreement for the forces that cover circumstances such as low-intensity conflict, conventional war, disaster management, counterinsurgency, internal security training, exercises, duties, etc.
Medical underwriting as per DGMS Medical Grid: Higher non-medical restrictions based on the latest PME and AME reports.
Engagement Programs for Veterans: Prahri has been engaged actively in providing and skilling job opportunities to dependents and veterans through various engagement programs with assistance from the Indian Army.
Revisions on Pay Commission: The life coverage is proportionate with revision in the pay scale as per the sixth/seventh pay commission and covers all the likely gaps identified in financial planning.
Faster processing of Claim: With a claim settlement ratio of 98.61%, the company offers faster claim settlements. The record turnaround time is less than 7 days.
Call on policy confirmation: All customers are called before login to re-confirm contact information for timely service.
Welcome calls after policy issuance for verification: All customers are called after the delivery of policy to welcome to the Prahri family.
DHFL insurance for army customer care number: Call on toll-free helpline number 1800-102-7070 from Monday to Saturday.
M-Sampark Application: This app is available on Android phones to facilitate access to details of the policy with a touch of a button. In order to check the DHFL Prahri policy status, one can also contact a dedicated team of veterans and call or SMS them
Prahari life insurance for defence personnel initiative augments the protection and saving cover for Indian soldiers. The company offers three plans under this initiative which are Pramerica Life Rakshak Gold, Pramerica Life Magnum Assure, and Pramerica Life Smart Income. Let’s discuss each DHFL army policy plan in detail:
It is a non-participating, non-linked endowment life insurance policy that is designed to protect your child’s future. It offers money to furnish different needs such as marriage, higher education, etc, and financially secure your child even in your absence.
Enhanced/Comprehensive death benefit: In order to address the regular, instant, and future requirements of the family in case of unfortunate death of the life assured. A lump sum payout is payable instantly on the unforeseen demise of the life assured. A recurring monthly payout is payable from the death date till the completion of a policy term and a final lump sum benefit is payable at the policy maturity.
Guaranteed Maturity Benefit: It is guaranteed at the inception of the policy to make sure that you receive financial help in form of policy benefits.
Increasing Yearly Guaranteed Addition to plan: For each completed year of the policy, yearly guaranteed addition will accumulate to the policy. This accumulation will upsurge after 3 years of the policy.
Limited payment term of premium: The convenience of premium payment is only for a limited term.
Flexibility to purchase against the plan: Option to get a loan against the policy
Tax Saving Benefit: Get tax benefit on the premium paid and the payout received as per the prevailing laws of the income tax act.
| Criteria | Minimum | Maximum |
| Entry Age | 18 years | For 12 years of policy term: 53 year For 15 years of policy term: 50 years For 18 years of policy term: 47 years |
| Maturity Age | - | 65 years |
| Policy Term | 12, 15 and 18 years | |
| Annual premium | 12170 yearly | Depends on chosen SA |
It is a non-participating, non-linked endowment life insurance policy with guaranteed monthly benefits that help take care of your future requirements and guarantees a protected future for you and your loved ones.
Policy is mainly for medium and long term objectives with available policy terms of 10 or 15 years
Guaranteed income monthly basis for a tenure equivalent to a payout period
The plan protects your family in case of death during the policy term
Option to avail loan against the policy
Tax saving benefits on premiums paid and the benefits received as per the income tax act.
| Criteria | Minimum | Maximum |
| Entry Age | 18 years | For 10 years of policy term: 55 years For 15 years of policy term: 50 years |
| Maturity Age | - | 65 years |
| Policy Term | 10 or 15 years | |
| Annual premium | 48000 | No Limit |
It is a non-participating guaranteed annual income policy that is specifically designed to keep your financial requirements in mind. The guaranteed yearly income benefit of this policy ensures that you or your family have a steady income flow while the death payout provides financial support to your family when you are no longer around to take care of them.
Guaranteed Annual Benefits: Receive guaranteed annual payouts for a tenure equal to the PPT
Align policy to your requirements: Flexibility to select from different premium payment term options for each term of the policy
Tax Benefits: Tax benefits on the premium paid and the payouts received as per the prevailing income tax laws.
| Criteria | Minimum | Maximum |
| Entry Age | 8 years, subject to minimum maturity age 18 years | 60 years |
| Maturity Age | 18 years | 75 years |
| Policy Term | 7 years | 20 years |
| Annual premium | 17142 | No Limit |
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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