Introduction/Overview
DHFL Pramerica Smart Wealth+is a Unit Linked Insurance which yields good returns through participation in capital markets and also gives the added advantage of life insurance coverage.
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹ 1 Crore
Invest 10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
The following4 funds are available for investment
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
8 years |
55 years |
Maturity Age (Last Birthday) |
- |
75 years |
Policy Term (PT) in years |
20 |
|
Premium Paying Term (PPT) in years |
5 / 10 / 15 / 20 |
|
Premium paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Yearly Premium |
30,000 |
No limit |
Sum Assured |
For PPT 5 years – 10*annual premium for ages<45 years or 7*annual premium for ages>=45 years For PPT 10, 15, 20 yrs. – 10*annual premium |
No limit |
Premium in Rupees and Benefit Illustration for a term of 20 years and PPT 5 years
Age |
35 years |
45 years |
55 years |
Premium |
50,000 |
50,000 |
50,000 |
Sum Assured |
500,000 |
350,000 |
350,000 |
Fund Value @ 4% |
302,739 |
304,292 |
254,018 |
Fund Value @ 8% |
655,551 |
657,588 |
626,080 |
Grace Period: 15 days grace period is allowed for monthly mode and 30 days for other modes of premium payment after which policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
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.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.