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Product Information
Child Plans DHFL Pramerica Smart Fee Protect
Synopsis:
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DHFL Pramerica Smart Fee Protect is a Non Participating Endowment Insurance Plan that has been designed to secure uninterrupted education for your child.

Features:

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  • Increasing Monthly Income by simple 5% every year paid in case of death of Life Insured along with Accrued Guaranteed Additions plus Base Sum Assured on Maturity
  • Annual Guaranteed Additions on cumulative premiums to augment your savings
  • Option to add riders to augment your cover
  • Tax Benefits as per prevailing tax laws

Benefits:

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  • Annual Guaranteed Additions (AGA)
  • Maturity Benefit
  • Death Benefit
  • Tax Benefits
  • Loan Availability

Highlights:

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  • Helps in fulfilling your plans for your child’s education, even in your absence
  • Guaranteed benefits ensure that there are no surprises
Eligibility:
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Age at entry Minimum:18 Years Maximum:50 Years
Maximum Maturity Age 65 Years
Policy Term 10 Years 15 Years
Premium Payment Terms 7 Years 8 Years /10 Years
Monthly income Minimum:2,000 Maximum:No Limit, subject to Underwriting
Base Sum Assured Monthly Income at inception X Premium Payment Term X 12
Minimum:1,68,000
Maximum: No Limit, subject to Board approved underwriting policy
Premium Paying Mode Yearly, Half-Yearly and Monthly
Annual Premium Minimum:26,638 (Yearly)