Dfl Pramerican Family Business Plan
DHFL Pramerica Family First – Overview
DHFL Pramerica Family First is a monthly benefit term insurance plan. It offers twin death benefits upon the demise of the life insured in the form of a lump sum payout, paid immediately to take care of the family’s immediate needs and a regular monthly income to take care of the family’s everyday recurring expenses in the future. This protection plan is designed to ensure that the family of the life insured does not face any financial adversity in their lives. The plan is available at competitive premium rates to cater to a wider range of customers.
Key Features
• Pure Term Insurance: This pure term plan is designed to provide protection and financial stability to the family in the absence case of the life insured
• …show more content…
The choice of riders is given below: o DHFL Pramerica Traditional Accidental Death Benefit Rider o DHFL Pramerica Traditional Critical Illness Rider
Benefits
• Death Benefit: In the event of the passing away of the life insured during the term of the policy, the beneficiary/nominee receives the following Death Benefit: o A lump sum benefit equal to 20 times of the monthly income chosen (paid immediately upon death of the life insured) o A regular monthly income from the date of death of the life insured till the end of the policy tenure, subject to a minimum guaranteed 48 monthly instalments
The monthly income can be optionally taken as a lump sum. In such a case, the amount will be equal to the discounted value of all future monthly income payable.
• Maturity Benefit: If the life insured survives till the end of the policy term, no Maturity Benefit is given since this is a pure protection
DHFL Pramerica Family First is a monthly benefit term insurance plan. It offers twin death benefits upon the demise of the life insured in the form of a lump sum payout, paid immediately to take care of the family’s immediate needs and a regular monthly income to take care of the family’s everyday recurring expenses in the future. This protection plan is designed to ensure that the family of the life insured does not face any financial adversity in their lives. The plan is available at competitive premium rates to cater to a wider range of customers.
Key Features
• Pure Term Insurance: This pure term plan is designed to provide protection and financial stability to the family in the absence case of the life insured
• …show more content…
The choice of riders is given below: o DHFL Pramerica Traditional Accidental Death Benefit Rider o DHFL Pramerica Traditional Critical Illness Rider
Benefits
• Death Benefit: In the event of the passing away of the life insured during the term of the policy, the beneficiary/nominee receives the following Death Benefit: o A lump sum benefit equal to 20 times of the monthly income chosen (paid immediately upon death of the life insured) o A regular monthly income from the date of death of the life insured till the end of the policy tenure, subject to a minimum guaranteed 48 monthly instalments
The monthly income can be optionally taken as a lump sum. In such a case, the amount will be equal to the discounted value of all future monthly income payable.
• Maturity Benefit: If the life insured survives till the end of the policy term, no Maturity Benefit is given since this is a pure protection