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DHFL Pramerica Smart Assure is a non-participating endowment insurance plan that offers Guaranteed Maturity and Death Benefit. This plan helps plan your finances, so you can easily take care of key milestones.BUY NOW
In the event of death of the insured during the term of the policy, Death Sum Assured plus Accrued Maturity Additions is payable.
For age at entry less than 45 years, The Death Sum Assured is higher of Base Sum Assured, Maturity Sum Assured, or 11 times of Annualized Premium. For age at entry 45 years or more, the Death Sum Assured is higher of Base Sum Assured, Maturity Sum Assured, or 7 times of Annualized Premium.
The death benefit is at least 105% of all the premiums paid, till the date of death.
On survival of the life Insured till the end of the policy term, the Maturity Benefit payable is Maturity Sum Assured plus Maturity Additions.
Maturity Additions is accrued at the end of the respective Policy years, as defined under the policy.
Automatic Cover Continuance
In case of payment of all the premiums for at least first three policy years and then premiums are not paid, the risk cover for full Death Benefit is still available for a period of one successive year (Auto Cover Continuation Period) from the due date of first unpaid Premium.
Loan is available up to 80% of the Surrender Value for DHFL Pramerica Smart Assure.
Surrender Value is higher of Special Surrender Value or Guaranteed Surrender Value. Surrender Value can be acquired on payment of all premiums for at least two consecutive policy years.
This policy provides tax benefits under the Income Tax Act, subject to change in tax laws.
|Age (as on last birthday)||8 Years||60 Years (policy Term 10 Years), 55 Years (policy Term 15 Years), 50 Years (policy Term 20 Years)|
|Age at Maturity||-||70 Years|
|Policy Tenure||10/15 Years||20 Years|
|Premium Paying Term||5 & 7 Years (policy Term 10 Years), 7, 10 & 15 Years (policy Term 15 Years), 10, 15 & 20 Years (policy Term 20 Years)||-|
|Premium Paying Mode||Annually, Semi Annually, Quarterly & Monthly||-|
|Premium Amount||Rs 6,000||As Per Maximum Base Sum Assured|
|Sum Assured||Rs 1 Lac (regular Pay), Rs 75000 (limited Pay)||Rs 25 Lacs|
|Freelook Period||15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days||-|
No riders can be attached to this plan.
Raman at 35 years, opts for DHFL Pramerica Smart Assure with the policy term of 15 years, premium paying term of 10 years, annual premium of Rs 10,277 and the sum assured is Rs 1 Lac.
Scenario A: Raman Survives the Policy Term
If Mr. Raman survives till the maturity of the policy term, he receives Rs 1 Lac plus Maturity Additions. This maturity amount helps fulfill your financial objectives.
Scenario B: Raman dies during the Term of the Policy
In the event of demise of Mr. Raman during any policy year, the nominee will receive Rs 1 Lac plus Accrued Maturity Additions. This payout provides financial cover for the family.