1. What kind of a plan is DHFL Pramerica Premier Gain?

DHFL Pramerica Premier Gain is a Participating Non-Linked, Endowment Insurance plan. One of the features of this plan allows you to pay premiums for a limited tenure but enjoy the benefits for entire policy term.


2. What is a participating plan?

In a participating plan, the Policyholder participates in the profits arising from the portfolio of such participating policies or participating fund of the insurer and distributed through the following:

  • Reversionary Bonus

  • Interim Bonus

  • Final Bonus


3. How does the DHFL Pramerica Premier Gain Plan work?


4. What is the Maturity Benefit available under the DHFL Pramerica Premier Gain plan?

At maturity the Policyholder will receive a maturity benefit equal to 100% of Base Sum Assured chosen at inception PLUS Accrued Compound Reversionary Bonus PLUS Final Bonus (if any), subject to policy being in force.


5. What is the Death Benefit available under the DHFL Pramerica Premier Gain plan?

In case of the unfortunate demise of the Life Insured during the Policy Term, the policy terminates and the Death benefit is paid to the nominee subject to policy being in-force,

Death Benefit is sum of following:

  • Death Sum Assured

  • Accrued Compound Reversionary Bonus, (if any)

  • Interim and Final Bonus,( if any)


Where Death Sum Assured would be highest of:

  • 10 times of Annualized Premium; or

  • Base Sum Assured;


However, the Death Benefit shall be at least equal to 105% multiplied by all the Premium paid (excludes underwriting extra, if any) as on date of Death.

The Annualized Premium shall be the Premium payable in a year chosen by the Policyholder, excluding the underwriting extra Premiums and loadings for modal Premiums, if any.


6. What type of reversionary bonus does DHFL Pramerica Premier Gain plan offer?

The DHFL Pramerica Premier Gain plan offers Compound Reversionary Bonuses


7. What is Compound Reversionary Bonus?

This is a regular bonus expressed as a percentage of the total of Base Sum Assured and the reversionary bonus amount already attached to your Policy. Any Bonuses declared by the Company during first three policy years shall vest in the Policy only after the Policy has been in-force for three Policy years. However, this condition will not apply to policies resulting into claims by death during this period.


8. What is Final bonus?

Final bonus is a onetime bonus paid on the termination of the policy due to death, surrender or maturity


9. Who can buy the DHFL Pramerica Premier Gain plan?


    Policy term
10 Years 15 Years 20 Years 25 Years
Age at Entry## Minimum 8 Years 3 years 91 Days
Maximum 50 Years 55 Years 50 Years 45 Years



10. What are the policy terms and premium payment terms available in DHFL Pramerica Premier Gain plan?


Policy Term(Years) 10 Years 15 Years 20 Years 25 Years
Premium Payment Terms
5 or 7 Years 7 or 10 Years 7,10 or 15 Years 10,15 or 20 Years



11. What are the premium modes available in DHFL Pramerica Premier Gain?

The customer can pay premium Yearly, Half-Yearly, Quarterly and Monthly. However, for Policy Term 10 Years only Yearly mode is allowed.

Monthly mode available only via Credit Card, Direct Debit or ECS.


12. What is the minimum annual premium in DHFL Pramerica Premier Gain plan?

The minimum annual premium for Policy Term 10 Years is 75,000/* , for all other terms , it is 50,000* (*excluding Service Tax, Education Cess, underwriting extra (if any).


13. What is the maximum premium one can opt for under the DHFL Pramerica Premier Gain plan?

There is no limit to maximum premium under the DHFL Pramerica Premier Gain plan. It depends on the chosen Sum Assured and is subject to underwriting norms of the company.


14. What is the minimum and maximum Sum Assured available in the DHFL Pramerica Premier Gain Plan?

  • Minimum SA: 3,50,000

  • Maximum SA: No limit, subject to underwriting.


15. Can the premium payment term of the DHFL Pramerica Premier Gain plan be changed at a later date?

No, premium payment term, once chosen, cannot be changed at a later date.


16. Can the DHFL Pramerica Premier Gain plan be surrendered?

Yes, the policy can be surrendered after paying premium for first 2 policy years in full.


17. In case of surrender of policy, will the customer get any surrender value?

Yes, the customer will get the surrender value and the policy will terminate and no further benefits would be paid on death or maturity. On Surrender, Surrender Value equal to higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) would be paid


The Guaranteed Surrender Value is X% of total premiums paid where X is as defined below plus the guaranteed surrender value of the accrued reversionary bonuses


  GSV as a percentage of premiums paid excluding underwriting extra premiums, if any (X)
Year in which Policy is surrendered Policy Term = 10 Years Policy Term = 15 Years Policy Term = 20 Years Policy Term = 25 Years
2 30.0% 30.0% 30.0% 30.0%
3 30.0% 30.0% 30.0% 30.0%
4 50.0% 50.0% 50.0% 50.0%
5 57.5% 50.0% 50.0% 50.0%
6 65.0% 54.0% 53.0% 52.0%
7 72.5% 58.0% 56.0% 54.0%
8 80.0% 62.0% 59.0% 56.0%
9 87.5% 66.0% 62.0% 58.0%
10 90.0% 70.0% 65.0% 60.0%
11 NA 74.0% 68.0% 62.0%
12 NA 78.0% 71.0% 64.0%
13 NA 82.0% 74.0% 66.0%
14 NA 86.0% 77.0% 68.0%
15 NA 90.0% 80.0% 70.0%
16 NA NA 83.0% 72.0%
17 NA NA 86.0% 74.0%
18 NA NA 89.0% 76.0%
19 NA NA 90.0% 78.0%
20 NA NA 90.0% 80.0%
21 NA NA NA 82.0%
22 NA NA NA 84.0%
23 NA NA NA 86.0%
24 NA NA NA 88.0%
25 NA NA NA 90.0%


18. Let us assume I buy a DHFL Pramerica Premier Gain plan for a term of 25 years. I stop paying premiums after 3 years and inform the company that I would be unable to pay future premiums. However, in the 9th policy year, I want to start paying the premium again. Will I be allowed to do so? If yes, are there any T&C?

No, in this scenario, you cannot restart paying the premium. Revival of a policy is only available for up to 2 years from the date of first unpaid premium.


19. What is the revival period available under the DHFL Pramerica Premier Gain plan?

The policy can be revived within 2 years from the due date of the first unpaid premium and the following steps lead to reinstatement:

  • Payment of all unpaid premiums with interest

  • Meeting all underwriting requirements for revival


All the benefits and bonuses under the policy would be revived

On revival of a paid-up policy, any final paid-up bonus added at the time of conversion of a policy to paid-up would be reversed


20. What happens when the Life Insured commits suicide?

If death occurs due to suicide or attempted suicide, whether sane or insane, within twelve months of the Policy Commencement Date or within twelve months from the date of revival of the Policy, then the Company¿s obligation under this Policy shall be to pay an amount equal to higher of 80% of total Premium paid (excluding underwriting extra if any), or Surrender Value, if any.


21. What if I want to cancel my policy since I do not agree with the terms and conditions mentioned in the policy?

You will have a period of 15 days (30 days in case the policy is sold through distance marketing *) from the date of receipt of the Policy document to review the terms and conditions of the Policy and where if you disagree to any of the terms and conditions, you have an option to return the Policy stating the reasons for objection. On receipt of the letter along with the Policy documents, the company will refund the Premium paid, subject to the deduction of proportionate risk Premium and any expenses incurred by the Company on insurance stamp duty and medical examination.


*Distance Marketing entails to the sale of the product through a mode other than personal interaction.


22. What are the tax benefits available under the DHFL Pramerica Premier Gain plan?

Tax benefits will be applicable as per prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details.


23. What is the Grace period available under the DHFL Pramerica Premier Gain plan?

30 days from the premium due date is allowed for payment of subsequent premiums.


24. Can DHFL Pramerica Premier Gain plan be bought under MWPA?

Yes, DHFL Pramerica Premier Gain plan can be bought under MWPA.


25. What is MWPA?

Married Women Property Act, 1874 (MWPA) where a husband has taken a life insurance policy and expressed it to be for the benefit of the wife, children or any of them, such policy shall be deemed to be a trust for the benefit of the wife, children or any of them so expressed and can neither be utilized either by the husband or his creditors nor form a part of his estate. In such policy, where expressly mentioned, all the benefits arising out of the same are identified and treated as his separate property.