DHFL Pramerica Wealth+ Ace Plan

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DHFL PramericaWealth+ Ace is a Unit Linked Insurance Plan where with a one -time payment, the policyholder can enjoy market growth and life insurance coverage

Key Features

  • It is a unit linked plan with Limitedand Regular Pay option of premium payment
  • Persistency Units are added after the 10th policy year and every 5 years thereafter
  • With the Systematic Transfer Option, the policyholder can choose to invest a part of his investment monthly in a low risk fund to avail the benefit of rupee cost averaging
  • The premium is invested in Liquid Fund which is available only under the STP Option after which the units are allocated to chosen funds form the Liquid Fund
  • The following5 funds are available for investment
  1. Debt Fund
  2. Balance Fund
  3. Growth Fund
  4. Large Cap Equity Fund
  5. Liquid Fund


  • Persistency Units are added @ 1.5% for premium range 65,000 – 2 lakhs and 2% for premiums 2 lakhs and above of the average Fund Value in the last 3 years prior to the additions
  • The insured will get the total Fund Value on Maturityincluding the persistency units added
  • The Fund Value on Maturity can be availed in instalments over a period of 5 years post Maturity under the Settlement Option
  • On death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years orFund Value subject to a minimum of 105% of all premiums paid till death is payable
  • If age attained was more than 60 years, higher of the Sum Assured less withdrawals made after age 58 or the Fund Value subject to a minimum of 105% of all premiums paid is payable
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

90 days

65 years

Maturity Age (Last Birthday)


75 years

Policy Term (PT) in years



Premium Paying Term (PPT) in years

Single Pay

Yearly Premium


No limit

Sum Assured

1.25 *single premium for ages<45 years or 1.10*Single premium for ages >=45 years

10 crores


Details about Premium

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


40 years

50 years

60 years





Sum Assured




Fund Value @ 4%




Fund Value @ 8%




Policy Details

Grace Period: grace period is not applicable for single premium policies

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.


  • 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

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


  • 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.

Written By: PolicyBazaar - Updated: 16 March 2016