DHFL Pramerica Family First Plan

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DHFL Pramerica Family First Plan is a pure term plan offered by DHFL Pramerica Life Insurance. Thus, in this plan, if the Life Insured dies within the policy tenure, the death benefit is paid to the nominee but the policy does not terminate immediately. In fact, this plan offers dual death benefit to the nominee in case of an unfortunate demise of the life insured within the policy tenure.

Key Feature

  • Pure Term Plan with only death benefit and no maturity benefit
  • Dual Death Benefit is available if the life insured dies within the policy tenure:
    • Lump Sum Benefit
    • Monthly Income Benefit
    • In case of death of life insured within the last 4 years as well, there is a 48 months’ Guaranteed Monthly Income available with this plan
    • There are 2 additional riders available with this plan


  • In case of death of the life insured within the policy tenure, there is dual Death Benefit available:
    • Lumpsum Benefit of 20 times the Monthly Income, as chosen at the time of the policy inception is paid immediately to the nominee to meet the immediate needs of the family AND
    • Monthly Income Benefit: A chosen fixed amount is paid every month as Monthly Income Benefit till the end of the policy tenure to meet the monthly expenses of the family
    • The Monthly Income Benefit can also be taken upfront as a lumpsum but only a discounted value of the future monthly incomes would be payable
    • The fixed Monthly Income Benefit is guaranteed for a minimum period of 48 months for demises in the last 4 policy years
    • Additional protection can be opted for in this plan by choosing for additional riders available:
      • DHFL Pramerica Critical Illness Rider and
      • DHFL Pramerica Accidental Death Benefit Rider
      • Income tax benefit on the premium paid as per Section 80C of the Income Tax Act

Product Specification:




Entry Age (Last Birthday)



Maturity Age (Last Birthday)



Policy Term (PT) in years



Premium Paying Term (PPT) in years

Till the end of the policy tenure

Premium Paying Frequency


Quarterly, Semi-Annually, Annually

Yearly Premium

Rs 2000 for Annual, Semi-Annual & Quarterly modes and Rs 2400 for Monthly mode

No Limit. It is as per the underwriting criteria

Monthly Income

Rs 4000

No Limit. It is as per the underwriting criteria

Sum Assured

20 times the Monthly Income as chosen

Details About Premium

Annual premium in Rupees, exclusive of tax

Policy Term: 20 Years


Monthly Income
Rs 5,000

Monthly Income Rs 10,000

Monthly Income Rs 20,000

30 years




35 years




40 years




45 years




Grace Period: 15 days grace period is allowed for payment of premium under monthly mode and 30 days for other modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: There are no surrender or termination benefits available in this plan as this is a pure term plan

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


  • The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person according to their medical grid

Written By: PolicyBazaar - Updated: 14 March 2016
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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