DHFL Pramerica Aajeevan Samriddhi Plan

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DHFL Pramerica Aajeevan Samriddhi is a whole life savings and investment plan with bonus facility. This policy helps policyholders to grow and expand their wealth safely while providing protection for the policyholder and his family.

Key Features

  • This policy provides whole life coverage until the age of 99 years.
  • The Death Benefit amount increases with age to account for the policyholder’s family responsibilities.
  • The policyholder receives guaranteed lump sum payouts on survival until the age of 65 and on maturity of the policy.
  • The policyholders’ savings grow with the Bonuses and the Guaranteed Additions that the policy offers.
  • High level of life coverage is given with no fixed ceiling on the maximum Basic Sum Assured.


  • If the policyholder survives until the policy matures which will be when the policyholder turns 99 years of age, then he or she receives a Maturity Benefit. The Maturity Benefit is the Basic Sum Assured plus the Final Bonus if any.
  • On turning 65 years of age, the policyholder receives a Survival Benefit that is the accrued Reversionary Bonus plus the Accrued Guaranteed Additions.
  • In the unfortunate event of the demise of the policyholder, the nominee receives a Death Benefit.  The Death Benefit paid is paid as per the following rules:
  1. When the death occurs within the first five policy years, the nominee will receive the Basic Death Benefit plus the accrued Guaranteed Additions.
  2. When the death occurs after the first five policy years till the policyholder turns 65 years as on the last birthday, the nominee receives the Basic Death Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, if any.
  3. When the death occurs when the policyholder is between the ages of 65 to 99, the nominee receives the Basic Death Benefit plus the Final Bonus if any.
  • Tax benefits may be availed as per the prevailing income tax rules of the Income Tax Act.
  • This policy provides Compound Reversionary Bonus, Interim and Final 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 Guaranteed Additions for each completed policy year for the first five policy years.

Product Specification:




Entry Age of the Life Assured (Last Birthday)

8 years

PT 15 years: 50 years

PT 20 years: 45 years

Maturity Age (Last Birthday) of the Life Assured

99 years

Policy Term (PT) in years

(99 – entry age) in complete years

Premium Paying Term (PPT) in years

15 years

20 years

Premium Paying Frequency

Yearly, Half-yearly, Monthly

Annual Premium

Rs. 5500

Depends on the chosen Sum Assured, Entry age and Premium Payment Term

Sum Assured

Rs.  75000

No Limit

Details About Premium


Guaranteed Benefits

Non-Guaranteed Benefits @8%

Age (yrs)

Policy Term (yrs)

Premium Payment Term (Yrs)

Sum Assured (Rs.)

Annual Premium (Rs.)

Death Benefit (Rs.)  - at 99 yrs

Surrender Value (Rs.) - at 99 yrs

Survival Benefit (Rs.)  - at 65 yrs

Maturity Benefit  (Rs.) - at 99 yrs

Death Benefit  (Rs.) - at 99 yrs

Surrender Value  (Rs.) - at 99 yrs

Survival Benefit  (Rs.) - at 65 yrs

Maturity Benefit (Rs.) - at 99 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 three 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.

Additional Features or Riders

  • A policy loan may be availed after the policy achieves Surrender Value, on the condition that the loan amount does not exceed 90% of the Surrender Value.
  • 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 three policy years are paid and subsequently the policyholder does not pay the due premiums within the given Grace Period, the policy acquires Paid- up 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.

Written By: PolicyBazaar - Updated: 15 March 2016