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Everything About DHFL Pramerica Child Plan

Updated on May 25, 2024 , 7150 views

As a parent, you need to make the right financial planning for your child at the right age. The planning includes a number of aspects like finance for higher education, savings for marriage, etc. To meet these future financial securities and fulfil a child’s dream, Child Insurance Plan a major role. In fact, it is one of the ideal ways to meet your child’s education, investment and marriage needs.

DHFL Pramerica Child Plan

When opting for the right insurer, your major criteria should be security, transparency and Accountability. Out of many famous insurers in the Market, DHFL Pramerica can be one of your choices because of their multiple features & benefits.

With the DHFL Pramerica Life Rakshak Gold, one of the well-known child plans, you can secure your child's future.

About DHFL Pramerica

DHFL Pramerica Life Insurance Limited is a joint venture between DHFL Investments Limited (DIL). DIL is a subsidiary of Dewan Housing Finance Corporation (DHFL) and Prudential International insurance Holdings Ltd (PIIH). Prudential Financial, Inc (PFI) owns PIIH and the company is headquartered in the U.S.

This Life Insurance company came into existence when both partners signed a joint venture agreement in July 2013. Pramerica Life Insurance Limited commenced its operations in India on September 1, 2008.

With DHFL Pramerica Child plan, you can fund your child’s education, marriage, other career prospects and enjoy multiple benefits.

Pramerica Life Rakshak Gold

Pramerica Life Rakshak Gold is a Non Linked Non Participating Endowment Life Insurance Plan for your family’s financial future. Secure your family with this plan. Following are the features of this plan:

1. Death Benefit

The Pramerica Life Child Plan comes with a comprehensive death benefit to meet the financial needs of the family in an event of the unfortunate death of the insured. On the death of the insured, a lump sum benefit will be made available immediately. A recurring monthly benefit can also be availed from the date of death till the end of a term policy. Furthermore, a final lump sum benefit will be made available at the scheduled date of maturity of the policy.

2. Annual Guaranteed Addition

Under the DHFL Pramerica Child Plan, for every policy year that is successfully completed, an Annual Guaranteed Addition will accrue to policy. This addition will increase after every 3 policy years.

3. Maturity Benefit

The plan also comes with a guaranteed maturity benefit. This ensures that there are no hidden surprises when you finally get the benefits attached to your policy.

4. Premium Payment

The plan also offers the convenience of a limited period premium payment for a period of 7 to 10 years.

5. Flexibility

You can also avail loan against the policy with DHFL Pramerica child plan.

6. Tax Benefit

With DHFL Pramerica Child Plan, you can also get tax benefits on the premiums paid as per the tax laws.

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Pramerica Life Rakshak Gold Eligibility Criteria

Mentioned below is a list that spells out the eligibility criteria for availing the benefits under this plan.

Check out the age of entry, maturity date and other important features of DHFL Pramerica Life Insurance Rakshak Gold in the table below -

Details Description
Entry Age Minimum 18 years, Maximum- 53 years
Maturity Age 65 Years (Age as on the last birthday)
Policy Term 12 Years, 15 Years and 18 Years
Premium Paying Policy Term Minimum 12 years, Maximum- 18 years
Premium Paying Term (Premium Payment Term Minimum- 7 years. Maximum 10 years
Premium Paying Mode Yearly, Half-Yearly and Monthly
Minimum Premium Rs. 12,170 (Yearly), Rs. 6,329 (Semi-Annual), Rs. 1,096 (Monthly)
Maximum Premium Depends on the chosen base Sum Assured, age at entry, policy term and premium payment term
Minimum Base Sum Assured Rs. 75,000
Maximum Base Sum Assured Rs. 5 Cr subject to underwriting

Key Points to Pay Premium

1. What happens if you are Unable to Pay the Premium?

In case you discontinue paying the premium before paying the premium in full for at least the first two policy years, the DHFL Pramerica Life Insurance Policy status will Lapse at the expiry of the grace period. You can revive the policy within five years. This includes the first date of unpaid premiums but before maturity date by paying all due premiums with interest subject to the company’s underwriting guidelines.

If you decide to discontinue the payment of further premiums for at least two continuous policy years, your policy will then be converted into a paid-up policy after the expiry of the grace period.

2. Surrender of Policy

To enjoy maximum benefits under the plan, it is advisable that you pay premiums in full to get the Annual Guaranteed Addition benefits. If at any time during the policy term when you have been paying your premiums in full for the first two years, you can surrender your policy.

When you surrender, you will receive the payment of Surrender Value equal to higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).

3. Grace Period

In case you are not able to pay the premium by the due date, you will receive a grace period of 30 days. You can continue to avail the benefits of the policy during this period. If any other benefits remain under the policy, it shall be made payable subject to Deduction of the unpaid due premium.

Pramerica Life Insurance Customer Care Number

Toll-Free number -1800 102 7070

SMS ‘LIFE’ to 5607070

Email -


DHFL Pramerica Life Insurance is a sure way to secure your child’s future. If you are looking for flexibility with paying your premiums and security for your child’s future, this is just the plan for you. Make sure to read all the scheme related documents carefully before applying.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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