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DHFL Pramerica Smart Money Back Plan

What is the Plan all About?

DHFL Pramerica Smart Money Back provides you the periodic payouts that further helps build a corpus to meet your long term financial needs. This plan also provides a life cover, so your family’s financial security can be ensured.


What are the Key Features?

  • Boost savings through bonus additions
  • Guaranteed money backs
  • Life insurance benefit
  • Flexibility to choose policy term & premium paying term
  • Loan facility available
  • Get tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the life insured during the policy term, Death Sum Assured plus accrued Reversionary Bonuses plus Interim and Final Bonus is payable to the nominee. Death Sum Assured is higher of Base Sum Assured or 11 times the Annualized Premium.

    The Death Sum Assured is subject to the minimum of 105% of the total premiums paid.

Maturity Benefit

    On survival of the life insured till maturity of the policy, Accrued Reversionary Bonus and Final Bonus is payable.

Survival Benefit

    Survival benefit payout starts from the end of the 4th policy year and it is then payable in every 4th year for 16 years policy term. This payout starts from the end of the 5th Policy year and thereafter, it is payable in every 5th year for 20 years Policy Term.

    DHFL Pramerica Smart Money Back Survival Benefit


    Compounded Reversionary Bonus is declared as a percentage of the total of Base Sum Assured and the Reversionary Bonus amount already attached to your Policy. Any Bonuses declared during the first three policy years shall vest in the Policy only if the Policy remains in-force during three Policy years. This condition however, does not apply to policies resulting into death claims.

    Interim Bonus is payable for the policies resulting into claims arising due to surrender, death or maturity during the inter-valuation period. Final Bonus may also be payable on maturity, surrender or death under the policy.

Loan Benefit

    The maximum loan amount that can be availed is up to 80% of surrender value.

Surrender Value

    This policy acquires Surrender Value after payment all the due premium for at least two full policy years. The Special Surrender Value payable is higher of Guaranteed Surrender Value or Special Surrender Value.

Tax Benefit

    This policy provides tax benefits as applicable under the Income Tax Act, subject to change in tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 8 Years 49 Years (policy Term 16 Years), 45 Years (policy Term 20 Years)
Age at Maturity - 65 Years
Policy Tenure 16 Years 20 Years
Premium Paying Term (PPT) 5/7 Years (policy Term 16 Years), 7/10 Years (policy Term 20 Years) -
Premium Paying Mode Annually, Semi Annually & Monthly -
Annual Premium Rs 15,000 No Limit
Sum Assured Rs 1.2 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 opted under this policy.

How the Plan Works?

Raman at 35 years, wants to buy DHFL Pramerica Smart Money Back to get regular money backs along with life protection. He opts the plan with the policy term of 20 years, premium paying term of 10 years, and the sum assured is Rs 2,00,000 with the annual premium of Rs 24,200.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Accrued Reversionary Bonus and Final Bonus as maturity benefit. He will also receive Survival benefit (as applicable) that starts from the end of the 5th Policy year and thereafter, it is payable in every 5th year till 20th policy year.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the policy term, Rs 2,00,000 plus accrued Reversionary Bonuses plus Interim and Final Bonus is payable to the nominee. This payout helps nominee to get the financial assistance, when his not around.

Benefit Illustration:

DHFL Pramerica Smart Money Back Benefit Illustration