DHFL Pramerica Smart Wealth+ Plan

Details About Premium

Premium in Rupees and Benefit Illustration for a term of 20 years and PPT 5 years

Policy Details

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.

Inclusions

• One free Partial withdrawal is allowed every year after 5 completed policy years with a minimum value of Rs.10,000
• 4 free Switches are allowed every year forswitching between funds
• Premium Redirection is allowed to redirect future premiums

Additional Features or Riders

• DHFL Pramerica Unit Linked Accidental Death Benefit Rider is available under the plan which can be added at inception or at any time during the policy term

Exclusions

• The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.
• For the rider benefit, accidental deaths due to any self-inflicted injury, acts of criminal nature, war, aviation, participation in hazardous activities, alcohol abuse, etc. are excluded

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.