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DHFL Pramerica Smart Income Plan

What is the Plan all About?

DHFL Pramerica Smart Income plan is a non-participating guaranteed annual income plan that suits to your future financial needs. The guaranteed annual income ensures that you & your family can have a regular stream of income. The plan provides financial security to your family or loved ones, even in your absence.


What are the Key Features?

  • Guaranteed Annual Payouts during Premium Payment Term
  • Life cover for the entire policy
  • Flexible Premium Payment Term
  • Loan facility against the policy
  • Get tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the insured during the policy term, a lump sum Death Sum Assured is payable, which is higher of Base Sum Assured, Maturity Sum Assured, or 105% of all the premiums paid. The policy terminates on payment of Death Benefit.

Maturity Benefit

    On survival of the life Insured till the end of the policy term, the annual payouts are payable. Annual Payouts is equal to Annualized Premium * Maturity Benefit Multiplier.

    The first payout starts at the maturity date. In the event of death of the life insured during the payout period, the Annual Payouts are paid for the remaining payout period. The payout period commences immediately after the end of the Policy Term and it is equal to the Premium Paying Term.

Loan Benefit

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

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 the Income Tax Act, as per applicable tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 8 Years 55 Years
Age at Maturity 18 Years 65 Years
Policy Tenure 7 Years 20 Years
Premium Paying Term 5/15 Years -
Premium Paying Mode Annually, Semi Annually & Monthly -
Premium Amount Rs 24,000 No Limit (subject To Underwriting)
Sum Assured 11 Times Of Annualized Premium -
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 25 years, opts for DHFL Pramerica Smart Income plan with the policy term of 15 years, premium paying term of 12 years, and annual premium of Rs 1 Lac.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 1.94 Lacs is paid as annual payouts during the entire payout period. The maturity amount helps fulfill 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 Death Sum Assured as a lump sum is payable. This payout provides financial cover for the family.

Benefit Illustration:

DHFL Pramerica Smart Income plan