DHFL Pramerica Wealth+ACE

DHFL Pramerica Wealth+ Ace a Single Premium Unit Linked Insurance Plan, assists you in achieving your planned milestones by creating investment opportunities, thereby facilitating a financially secure and protected future for your loved ones.

Reasons to buy this plan

  • One - time Investment
  • Opportunity for Wealth Creation and Accumulation
  • Enhanced protection for your family with an option of additional riders

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Key Features

Know about this plan

Plan Benefit

Maturity Benefit

On maturity, fund value including the value of persistency units will become payable.

On maturity, fund value including the value of persistency units will become payable.

Death Benefit

In the event of death, the Policy pays higher of Sum Assured less Partial Withdrawals (if applicable) or Fund Value (including the value of persistency units) or 105% of Premium paid. The policy will terminate on payment of death benefit.

In the event of death, the Policy pays higher of Sum Assured less Partial Withdrawals (if applicable) or Fund Value (including the value of persistency units) or 105% of Premium paid. The policy will terminate on payment of death benefit.

Systematic Transfer Plan (STP)

With Systematic Transfer Plan (STP), you can invest a specific amount in a regular fashion in one or more of the four funds mentioned below,

With Systematic Transfer Plan (STP), you can invest a specific amount in a regular fashion in one or more of the four funds mentioned below, and decide the proportion of money you would like to invest in each fund at monthly intervals subject to minimum of 10% of single premium. This gives you the advantage of rupee cost averaging. You buy more units when markets are down and fewer units when markets are up, thereby reducing the average cost of purchase of units in the funds selected by you. Apart from choosing the amount, the Policyholder also needs to choose the duration/ period over which he/she would like to avail STP from the available options of 6 or 12 months.

Persistency Units

As our commitment towards your wealth creation objective, while the Policy is in force,

As our commitment towards your wealth creation objective, while the Policy is in force, Persistency Units as a percentage of average fund value at preceding 36 monthly anniversaries will be added to the Policyholder's unit account at the end of every 5th Policy year starting 10th Policy Anniversary until the end of the Policy Term. The Persistency Units will be as follows:
Premium Band From () To () Persistency Units
Band – 1 65,000 1,99,999 1.50%
Band – 2 2,00,000 Onwards 2.00%

Choice of Investment Funds

You have an option to choose from four funds to invest your money in. The funds with their asset allocation percentage are as follows:

You have an option to choose from four funds to invest your money in. The funds with their asset allocation percentage are as follows:
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%

If you are opting for more than one fund, the minimum investment in any fund should be at least 10% of the Single Premium paid.

Liquid Fund will be available to the Policyholder only through STP.

Fund Asset Allocation
Liquid Fund T-Bill/Money Market/Cash: 100%
(SFIN: ULIF00920/01/11LIQUIDFUND140)

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.

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 Death Benefit for the base plan 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 cannot exceed the Sum Assured for the base plan subject to maximum of 50 lakhs.

Please refer rider sales brochure before concluding the sale.

Tax Benefits

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

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 fund value less discontinuance or surrender charges.


Please refer to sales brochure for further details

Eligibility Criteria

Minimum Age at Entry*

  • 8 Years for Policy Term of 10 Years
  • 3 Years for Policy Term of 15 Years
  • 90 Days for Policy Term of 20 or 25 Years
  • For ADB Rider Minimum Entry Age is 18 Years

Maximum Age at Entry*

65 Yrs

For ADB Rider Maximum Entry Age is 60 Years

Maximum Maturity age*

75 Yrs

Premium Payment Terms (PPT)

  1. Single Pay

Policy Term

  1. 10 Yrs
  2. 15 Yrs
  3. 20 Yrs
  4. 25 Yrs

Premium

  • Minimum Single Premium: 65,000
  • Maximum Single Premium: Depends on Maximum
  • Sum Assured, subject to underwriting

Sum Assured

  • A multiple of Annualized Premium
  • as defined below:
  • Age at Entry > 45 Years: 1.25 times of SP
  • Age at Entry 45 Years and above:1.10 times of SP
  • Subject to maximum of 10 Crore
* Age as on last birthday

Downloads

Brochure

Policy Schedule and T & C

FAQs

Maturity Benefit

On maturity, fund value including the value of persistency units will become payable.

On maturity, fund value including the value of persistency units will become payable.

Death Benefit

In the event of death, the Policy pays higher of Sum Assured less Partial Withdrawals (if applicable) or Fund Value (including the value of persistency units) or 105% of Premium paid. The policy will terminate on payment of death benefit.

In the event of death, the Policy pays higher of Sum Assured less Partial Withdrawals (if applicable) or Fund Value (including the value of persistency units) or 105% of Premium paid. The policy will terminate on payment of death benefit.

Systematic Transfer Plan (STP)

With Systematic Transfer Plan (STP), you can invest a specific amount in a regular fashion in one or more of the four funds mentioned below,

With Systematic Transfer Plan (STP), you can invest a specific amount in a regular fashion in one or more of the four funds mentioned below, and decide the proportion of money you would like to invest in each fund at monthly intervals subject to minimum of 10% of single premium. This gives you the advantage of rupee cost averaging. You buy more units when markets are down and fewer units when markets are up, thereby reducing the average cost of purchase of units in the funds selected by you. Apart from choosing the amount, the Policyholder also needs to choose the duration/ period over which he/she would like to avail STP from the available options of 6 or 12 months.

Persistency Units

As our commitment towards your wealth creation objective, while the Policy is in force,

As our commitment towards your wealth creation objective, while the Policy is in force, Persistency Units as a percentage of average fund value at preceding 36 monthly anniversaries will be added to the Policyholder's unit account at the end of every 5th Policy year starting 10th Policy Anniversary until the end of the Policy Term. The Persistency Units will be as follows:
Premium Band From () To () Persistency Units
Band – 1 65,000 1,99,999 1.50%
Band – 2 2,00,000 Onwards 2.00%

Choice of Investment Funds

You have an option to choose from four funds to invest your money in. The funds with their asset allocation percentage are as follows:

You have an option to choose from four funds to invest your money in. The funds with their asset allocation percentage are as follows:
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%

If you are opting for more than one fund, the minimum investment in any fund should be at least 10% of the Single Premium paid.

Liquid Fund will be available to the Policyholder only through STP.

Fund Asset Allocation
Liquid Fund T-Bill/Money Market/Cash: 100%
(SFIN: ULIF00920/01/11LIQUIDFUND140)

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.

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 Death Benefit for the base plan 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 cannot exceed the Sum Assured for the base plan subject to maximum of 50 lakhs.

Please refer rider sales brochure before concluding the sale.

Tax Benefits

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

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 fund value less discontinuance or surrender charges.


Please refer to sales brochure for further details

Minimum Age at Entry*

  • 8 Years for Policy Term of 10 Years
  • 3 Years for Policy Term of 15 Years
  • 90 Days for Policy Term of 20 or 25 Years
  • For ADB Rider Minimum Entry Age is 18 Years

Maximum Age at Entry*

65 Yrs

For ADB Rider Maximum Entry Age is 60 Years

Maximum Maturity age*

75 Yrs

Premium Payment Terms (PPT)

  1. Single Pay

Policy Term

  1. 10 Yrs
  2. 15 Yrs
  3. 20 Yrs
  4. 25 Yrs

Premium

  • Minimum Single Premium: 65,000
  • Maximum Single Premium: Depends on Maximum
  • Sum Assured, subject to underwriting

Sum Assured

  • A multiple of Annualized Premium
  • as defined below:
  • Age at Entry > 45 Years: 1.25 times of SP
  • Age at Entry 45 Years and above:1.10 times of SP
  • Subject to maximum of 10 Crore
* Age as on last birthday

Brochure

Policy Schedule and T & C

FAQs

FAQs

1. What kind of a plan is DHFL Pramerica Wealth+ ACE?

DHFL Pramerica Wealth+ ACE plan is a non participating Single Premium Unit Linked Insurance Plan. It is a plan that helps you to create wealth, for milestone needs of your life.

2. What is the eligible entry age in DHFL Pramerica Wealth+ ACE plan?

Minimum 8 Years for Policy Term 10 Years
3 Years for Policy Term 15 Years
90 Days for Policy Term 20 or 25 Years
Maximum 65 Years

For Accidental Death Benefit Rider, minimum entry age is 18 years and maximum entry age is 60 years.

NOTE: IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. This product does not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender/withdraw the monies invested in this product completely or partially till the end of the fifth Policy year.

DHFL Pramerica Wealth+ Ace: UIN No. 140L025V02. Insurance is the subject matter of solicitation. This product provides life insurance coverage. Service tax and education cess as applicable will be charged over and above of the applicable charges from the unit fund. For more details on risk factors and terms & conditions including policy exclusion, please refer to the detailed plan brochure and policy terms and conditions before concluding a sale. Please refer Rider sales brochure before concluding the sale.