Benefits

 

Maturity Benefit

On survival of the Life Insured till maturity date, subject to Policy being in force for full risk benefits, the fund value will be paid to the Policyholder. Death cover and the Rider risk cover chosen will cease on Maturity.

 

Death Benefit:

On unfortunate demise of the Life Insured during the Policy Term, the Policy will pay Death Benefit which is equal to higher of Sum Assured or Fund Value subject to a minimum of 105% of Premium paid. Subject to policy being in force for full risk benefits.

 

Sum Assured is defined as a multiple of Annualised Premium:

Premimum Paying Term Sum Assured Multiple
Age at entry < 45 Years Age at entry >= 45 Years
5 Years 10 7
10,15 or 20 Years 10 10

 

Fund Conservation Option at Maturity

This is an option to preserve your capital towards the end of your Policy when your investments are due to be paid back. All your investments are systematically transferred from the Balance Fund, Growth Fund and Large Cap Equity Fund to Debt Fund in the last three years of your Policy on a half-yearly basis at the beginning of every half year. All premium received during this year will be redirected to Debt Fund.

 

Persistency Units

As a reward for continuing your Policy, Persistency Units equal to 1% of the average of Fund Value at preceding 36 months will be allocated to the Policyholder's unit account at the end of the 10th, 15th, and 20th Policy anniversaries provided the Policy is in force.

 

Choice of Investment Funds

You have an option to choose from 4 funds to invest your money in.

  Asset Allocation
Fund Government Securities Corporate Bonds Money Market/Cash Equity
Debt Fund (SFIN: ULIF00127/08/08 FIXEDIFUND140) 50% to 
100%
0% to 
50%
0% to 
40%
0%
Balance Fund (SFIN: ULIF00227/08/08 BALANCFUND140) 20% to 
50%
0% to 
50%
0% to 
40%
10% to 
50%
Growth Fund (SFIN: ULIF00327/08/08 GROWTHFUND140) 10% to 
30%
0% to 
30%
0% to 
40%
40% to 80%
Large Cap Equity Fund (SFIN: ULIF00427/08/08 LARCAPFUND140) 0% 0% 0% to 
40%
60% to 
100%

Incase of more than one fund, minimum investment in any fund should be atleast 10% of the premium allocated.

 

What are the riders available in this Policy?

You can enhance your protection by opting for DHFL Pramerica Unit Linked Accidental Death Benefit (ADB Rider). If opted, in case of death due to accident, the beneficiary will get an ADB Sum Assured. This will be in addition to the basic Death Benefit and, in case of an eventuality, will be paid out as a lump sum to take care of immediate needs. The maximum risk cover for the chosen Rider can not exceed the Sum Assured for the base plan subject to maximum of `50 lakhs.

 

Please refer rider sales brochure before concluding the sale.

 

Policy Surrender

The Policy will acquire surrender value from the first Policy year but it becomes payable only after completion of 5 complete Policy years. The surrender value will be the value of units less discontinuance or surrender charges.

 

Discontinuance of Premium Payment

For the Policy discontinuance due to non-payment of premium, provision of discontinuance will be applicable as per Linked Insurance Product Regulations 2013. Please refer to the detailed plan brochure for further details.