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DHFL Pramerica Smart Cash Protect Plan

What is the Plan all About?

DHFL Pramerica Smart Cash Protect is a participating long term endowment insurance plan that takes care of your regular & long term expenses. With this plan, you will get a regular stream of income as annual cash benefits in addition to lump sum payouts. This plan also provides life cover to ensure financial security for the family.


What are the Key Features?

  • Guaranteed Annual payout
  • Survival Benefit
  • Get accrued bonuses
  • Long term protection
  • Limited premium payment option
  • Avail loan against the policy
  • Get tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the insured during the first 15 policy years, Death Sum Assured plus Accrued Reversionary Bonus plus Final Bonus is payable. The policy terminates on payment of benefits. In the event of death of the insured after completion of the 15th policy year, Death Sum Assured plus Final Bonus is payable. The Death Sum Assured is higher of 11 times the Annualized Premium or 50% of the Sum Assured.

    The death benefit is subject to minimum of 105% of all the premiums paid, till the date of death.

Maturity Benefit

    On survival of the life Insured till the end of the policy term, the Maturity Benefit payable is 50% of the Sum Assured plus Final Bonus.

Survival Benefit

    In case of survival of the life Insured on completion of the 15th policy year, he/she will receive Reversionary Bonus accrued during the first 15 policy years.

Guaranteed Income

    On completion of 16th policy year onwards, every policy anniversary until maturity or death (whichever is earlier), the life Insured will receive Guaranteed Income as annual payouts as 6% of the Sum Assured.


    Compounded Reversionary Bonus is a percentage of the total of Base Sum Assured and the bonuses declared during first three policy years are vested only after the policy is in-force during three Policy years. It does not apply to policies resulting in death claims during this period. Bonus Income is a percentage of the Sum Assured payable every year. The Bonus declared depends upon the actual experience with various factors such as investment returns. Final Bonus is payable on maturity, surrender or death.

    These bonuses are non-guaranteed and are dependent on the performance of the participating fund.

Loan Benefit

    Loan is available up to 80% of the Surrender Value for DHFL Pramerica Smart Cash Protect.

Surrender Value

    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.

Tax Benefit

    This policy provides tax benefits under section 80C & 10(10D) of the Income Tax Act, subject to amendment in tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 23 Years (PPT 12 Years), 20 Years (PPT 15 Years), 18 Years (PPT 20 Years) 55 Years (PPT 12 & 15 Years), 50 Years (PPT 20 Years)
Age at Maturity - 85 Years (PPT 12 Years), 90 Years (PPT 15 & 20 Years)
Policy Tenure 30 Years (PPT 12 Years), 35 Years (PPT 15 Years), 40 Years (PPT 20 Years) 70 - Age At Entry (PPT 12 Years), 75 - Age At Entry (PPT 15 Years), 85 - Age At Entry (PPT 20 Years)
Premium Paying Term 12/15/20 Years -
Premium Paying Mode Annually, Semi Annually & Monthly -
Premium Amount Rs 12,000 No Limit (subject To Underwriting)
Sum Assured Rs 1.25 Lacs No Limit (subject To Underwriting)
Freelook Period 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days -
Plan Type Offline -

Is any Rider Available with this Plan?

No riders can be attached to this plan.

How the Plan Works?

Raman at 35 years, opts for DHFL Pramerica Smart Cash Protect with the premium paying term of 15 years, annual premium of Rs 14,985 and the sum assured is Rs 1.5 Lacs.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 75,000 plus Final Bonus. The maturity amount helps meet your financial goals.

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 1.5 Lacs plus Accrued Reversionary Bonus plus Final Bonus. This payout provides financial cover for the family.

Benefit Illustration:

DHFL Pramerica Smart Cash Protect